Lincoln National Corporation (LNC) Q2 2023 Earnings Call Transcript

Lincoln National Corporation (NYSE:LNC) Q2 2023 Earnings Conference Call August 3, 2023 10:00 AM ET

Company Participants

Al Copersino – Vice President and Head-Investor Relations

Ellen Cooper – Chairman, President and Chief Executive Officer

Chris Neczypor – Chief Financial Officer

Conference Call Participants

Ryan Krueger – KBW

Alex Scott – Goldman Sachs

Tom Gallagher – Evercore

Elyse Greenspan – Wells Fargo

Erik Bass – Autonomous

John Barnidge – Piper Sandler

Jimmy Bhullar – JPMorgan Chase

Operator

Good morning. My name is Abby, and I will be your conference operator today. At this time, I would like to welcome everyone to the Lincoln Financial Group Second Quarter 2023 Earnings Webcast Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions]

Mr. Al Copersino, you may begin your conference.

Al Copersino

Thank you. Good morning, and welcome to Lincoln Financial's second quarter earnings call. Before we begin, I have an important reminder. Any comments made during the call regarding future expectations, including those regarding deposits, expenses, income from operations, share repurchases and liquidity and capital resources are forward-looking statements under the Private Securities Litigation Reform Act of 1995.

These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from current expectations. These risks and uncertainties include those described in the cautionary statement disclosures in our earnings release issued yesterday as well as those detailed in our 2022 annual report on Form 10-K, most recent quarterly reports on Form 10-Q and from time to time in our other filings with the SEC.

These forward-looking statements are made only as of today, and we undertake no obligation to update or revise any of them to reflect events or circumstances that occur after this date. We appreciate your participation today and invite you to visit Lincoln's website, www.lincolnfinancial.com, where you can find our press release and statistical supplement, which include full reconciliations of the non-GAAP measures used on the call including adjusted income from operations or adjusted operating income and adjusted income from operations available to common stockholders to the most comparable GAAP measures. Presenting on today's call are Ellen Cooper, Chairman, President and CEO; and Chris Neczypor, Chief Financial Officer. After their prepared remarks, we will move to the question-and-answer portion of the call.