Lincoln Financial Group Issues 4Q and Full Year 2014 Results
February 10, 2015 by Proquest LLC
Lincoln Financial Group has reported net income for the fourth quarter of 2014 of $348 million, or $1.32 per diluted share available to common stockholders, compared to net income in the fourth quarter of 2013 of $351 million, or $1.29 per diluted share available to common stockholders.
In a release on February 5, the company noted that fourth quarter income from operations was $439 million, or $1.67 per diluted share available to common stockholders, compared to $382 million, or $1.40 per diluted share available to common stockholders, in the fourth quarter of 2013.
Net income for the full year of 2014 was $1.5 billion, or $5.67 per diluted share, compared to $1.2 billion, or $4.52 per diluted share available to common stockholders, in 2013. For the full year 2014, income from operations was $1.6 billion, or $6.03 per diluted share, compared to $1.4 billion, or $5.03 per diluted share available to common stockholders, for the full year of 2013.
“Fourth quarter results completed another outstanding year for Lincoln as core business drivers, earnings and capital deployment continued to gain momentum,” said Dennis R. Glass, president and CEO of Lincoln Financial Group. “Our diversified product portfolio, leading distribution capabilities, and healthy balance sheet create opportunities to advance Lincoln even further as we enter 2015.”
Operating Highlights – Full Year 2014 versus Full Year 2013
-Operating revenues of $13.7 billion up 12 percent
-Annuities operating revenues of $3.7 billion up 13 percent
-Retirement Plan Services total deposits of $7.5 billion up 11 percent
-Individual Life Insurance sales of $625 million up 5 percent
-Group Protection non-medical earned premiums of $2.1 billion up 9 percent
The quarter included net favorable items of approximately $0.20 related primarily to the recapture of previously reinsured business in the Life Insurance segment.
For definitions of sales metrics and other financial information, please refer to the company’s fourth quarter 2014 statistical supplement available on its website.
