RADNOR, Pa. (AP) — RADNOR, Pa. (AP) — Lincoln National Corp. (LNC) on Thursday reported fourth-quarter earnings of $754 million.
The Radnor, Pennsylvania-based company said it had profit of $3.80 per share. Earnings, adjusted for non-recurring gains, were $2.21 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.86 per share.
The insurance and retirement business posted revenue of $4.92 billion in the period. Its adjusted revenue was $4.89 billion, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $4.85 billion.
For the year, the company reported profit of $1.18 billion, or $5.83 per share. Revenue was reported as $19.09 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LNC at https://www.zacks.com/ap/LNC
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