Lincoln National Corporation reported second-quarter adjusted operating income available to common stockholders of $439 million, up 3% year over year and marking the eighth consecutive quarter of year-over-year growth. The company said holding company liquidity stood at about $903 million after prefunding, leverage was around 25%, and its RBC ratio was above 420%, leaving capital constraints less binding as it shifts from rebuilding capital to deploying it. Lincoln also plans to reinsure roughly $5.8 billion of legacy life reserves, a move expected to enhance capital efficiency and cash-flow visibility, while its Retirement Plan Services unit increased operating income 32% year over year. The company recently reconfirmed its common share repurchase authorization. Among peers, Prudential Financial returned $743 million to shareholders in the second quarter through $250 million in share repurchases and $493 million in dividends, and MetLife returned $1.1 billion while announcing a new $3 billion share repurchase authorization. The Zacks Consensus Estimate for Lincoln National's 2026 earnings of $7.97 implies a 3.2% decline from the year-ago period's level.
MetLife Inc
Prudential Financial, Inc.Lincoln National CorporationQ2 adjusted operating income rose 3% YoY, the eighth straight quarter of growth, with strong liquidity and RBC ratio.
