Lincoln National Corporation (LNC) Q4 2022 Earnings Call Transcript

Lincoln National Corporation (NYSE:LNC) Q4 2022 Earnings Conference Call February 9, 2023 10:00 AM ET

Company Participants

Al Copersino - Vice President of Investor Relations

Ellen Cooper - President and Chief Executive Officer

Randal Freitag - Executive Vice President, Chief Financial Officer

Conference Call Participants

Thomas Gallagher - Evercore ISI

Erik Bass - Autonomous Research

Alex Scott - Goldman Sachs

Ryan Krueger - KBW

Suneet Kamath - Jefferies

Elyse Greenspan - Wells Fargo

Jamminder Bhullar - JPMorgan

Operator

Good morning, and thank you for joining Lincoln Financial Group's Fourth Quarter 2022 Earnings Conference Call. At this time all lines are in a listen-only mode. Later we will announce the opportunity for questions and instructions will be given at that time. [Operator Instructions].

Now I'd like to turn the conference over to the Vice President of Investor Relations, Al Cop.

Al Copersino

Good morning, and welcome to Lincoln Financial's fourth 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 and 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 2021 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 advice 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 return on equity and adjusted income from operations or adjusted operating income to their most comparable GAAP measures.

Presenting on today's call are Ellen Cooper, President and CEO; and Randy Freitag, Chief Financial Officer. After their prepared remarks, we will move to the question-and-answer portion of the call.

I would now like to turn the call over to Ellen.

Ellen Cooper