Lincoln Financial Projects $3 Billion in RPS Net Outflows for Q4 Amid Increased Share Buybacks
Lincoln National Corporation (LNC) reported a solid third quarter, meeting its established financial targets. Management indicated that the company is transitioning into a new phase of operations following the achievement of recent outlook goals. Looking ahead to the fourth quarter, the company anticipates approximately $3 billion in net outflows from its Retirement and Protection Solutions (RPS) segment. To offset capital shifts and manage shareholder value, Lincoln plans to ramp up its share repurchase program, starting from an initial $50 million level.
Tickers: $LNC