Lincoln National Stock Intrinsic Value – LINCOLN NATIONAL Reports Fourth Quarter 2022 Financial Results
February 23, 2023
Earnings Overview
LINCOLN NATIONAL ($NYSE:LNC) announced its financial results for the fourth quarter of fiscal year 2022 on December 31, 2022. The total revenue for the quarter totalled USD 6.0 million, a 97.3% decrease year over year. The net income also decreased by 8.9%, amounting to USD 4196.0 million.
Transcripts Simplified
Lincoln National reported fourth quarter adjusted operating income of $170 million or $0.97 per share. Life Insurance reported operating income of $46 million, down from $80 million in the prior-year quarter primarily due to alternative investment results and the quarterly run rate impact of the third quarter unlocking. Annuities reported operating income of $238 million compared to $332 million in the prior-year quarter, reflecting the decline in the capital markets in 2022. Group Protection reported operating income of $47 million, an increase from an operating loss of $115 million in the prior-year quarter, aided by lower pandemic-related claims.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Lincoln National. More…
| Total Revenues | Net Income | Net Margin |
| 18.78k | -2.23k | -9.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Lincoln National. More…
| Operations | Investing | Financing |
| 3.44k | -3.57k | 4.32k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Lincoln National. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 335.44k | 331.34k | 24.24 |
Key Ratios Snapshot
Some of the financial key ratios for Lincoln National are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.9% | – | -13.5% |
| FCF Margin | ROE | ROA |
| 18.3% | -50.0% | -0.5% |
Share Price
The stock opened at $35.6, however, it closed at $35.3, which was a decrease of 0.3% from the previous closing price of 35.4. The company reported positive overall financial results, along with a record growth in profits and sales. This is a good sign for the company and their shareholders, as the company continues to grow and show economic strength. Live Quote…
Analysis – Lincoln National Stock Intrinsic Value
At GoodWhale, we conducted an analysis of LINCOLN NATIONAL‘s wellbeing and found that their stock is currently undervalued by 31.1%. Our proprietary Valuation Line pegged the fair value of a LINCOLN NATIONAL share at around $51.2, but the stock is actually trading at $35.3. This means that investors can take advantage of the current market conditions and buy in at a discounted rate. We believe that this represents a great opportunity for potential investors as LINCOLN NATIONAL is likely to increase in value over time. More…
Peers
Lincoln National Corp and its competitors, AMFI Corp, Pekin Life Insurance Co, and Hanwha Life Insurance Co Ltd, are all vying for a share of the life insurance market. Each company has its own strengths and weaknesses, and it is up to the consumer to decide which one is right for them.
– AMFI Corp ($OTCPK:AFIPA)
Pekin Life Insurance Co has a market cap of 159.59M as of 2022, a Return on Equity of 24.43%. Pekin Life Insurance Company is an Illinois-domiciled life insurance company that offers a wide range of life insurance products, including whole life, term life, and universal life insurance. The company has a strong focus on the middle market, offering products that are designed to meet the needs of this underserved market. Pekin Life Insurance Company is a subsidiary of Pekin Insurance Group, Inc., a leading provider of property and casualty insurance in Illinois.
– Pekin Life Insurance Co ($OTCPK:PKIN)
As of 2022, Hanwha Life Insurance Co Ltd has a market cap of 1.6T. The company is a leading life insurance company in South Korea that offers a wide range of products and services including annuities, life insurance, health insurance, and investment products. Hanwha Life has a strong focus on customer service and satisfaction, and is dedicated to providing its customers with the best possible experience.
Summary
LINCOLN NATIONAL experienced a significant drop in revenue for the fourth quarter of fiscal year 2022. Overall, revenue was down 97.3% compared to the same period in the prior year. Net income also decreased, though not as significantly, dropping 8.9% year-over-year.
This could be attributed to economic uncertainty and the impacts of the pandemic, resulting in lower sales and income. Investors should carefully consider these numbers when making decisions about LINCOLN NATIONAL, keeping in mind that the company’s financials could still be impacted by external factors such as the health of the global economy.
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