Lincoln National Corporation (LNC) CEO Dennis Glass on Q1 2022 Results - Earnings Call Transcript

Lincoln National Corporation (NYSE:LNC) Q1 2022 Earnings Conference Call May 5, 2022 10:00 AM ET

Company Participants

Al Copersino - Vice President, Investor Relations

Dennis Glass - President & Chief Executive Officer

Ellen Cooper - Chief Executive Officer-Elect

Randy Freitag - Chief Financial Officer & Head of Individual Life

Conference Call Participants

Nigel Dally - Morgan Stanley

Tom Gallagher - Evercore

Ryan Krueger - KBW

Alex Scott - Goldman Sachs

Suneet Kamath - Jefferies

Operator

Good morning and thank you for joining Lincoln Financial Group’s First 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 would like to turn the conference over to the Vice President of Investor Relations, Al Copersino. Please go ahead, sir.

Al Copersino

Thank you. Good morning and welcome to Lincoln Financial’s first quarter earnings call. Before we begin, I have an important reminder. Any comments made during the call regarding future expectations, 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 2020 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 this call, including adjusted return on equity and adjusted income from operations or adjusted operating income to the most comparable GAAP measures.

Presenting on today’s call are Dennis Glass, President and Chief Executive Officer; Ellen Cooper, CEO-elect; and Randy Freitag, Chief Financial Officer and Head of Individual Life. After their prepared comments, we will move to the question-and-answer portion of the call.