RADNOR, Pa. - Lincoln Financial Group (NYSE: LNC) has announced the appointment of Tom Anfuso as the new Senior Vice President and Chief Technology Officer. Anfuso, who previously held a similar position at JPMorgan Chase, will now oversee the strategic direction and vision for the company’s IT infrastructure.
With over three decades of experience in technology and engineering, Anfuso’s role will be critical in adapting to the dynamic business environment and leveraging technology to address emerging opportunities. He will report to Jennifer Charters, Executive Vice President, Chief Information Officer, and join the Corporate Leadership Group.
Jennifer Charters commented on the appointment, emphasizing the importance of technology in Lincoln Financial’s growth and transformation strategy. Anfuso’s leadership is expected to enhance the company’s ability to innovate and provide value to customers and employees.
Lincoln Financial, headquartered in Radnor, Pennsylvania, provides a range of financial services, including annuities, life insurance, group protection, and retirement plan services. As of December 31, 2024, the company managed approximately $321 billion in end-of-period account balances, net of reinsurance, and served around 17 million customers. According to InvestingPro data, the company has maintained dividend payments for 55 consecutive years and currently offers a 5.23% dividend yield. Analysis from InvestingPro suggests the stock is currently trading below its Fair Value.
This move is part of Lincoln Financial’s ongoing commitment to investing in technology as a means to drive innovation and growth. The company’s continued focus on strategic technology leadership signifies its dedication to meeting the evolving needs of its clients. With a year-to-date return of 11.65% and strong financial health metrics according to InvestingPro, which offers comprehensive analysis and additional insights through its detailed Pro Research Report, Lincoln Financial appears well-positioned for future growth.
The information in this article is based on a press release statement from Lincoln Financial.
In other recent news, Lincoln National Corporation reported its first-quarter 2025 earnings, showing an earnings per share (EPS) of $1.60, which fell short of the expected $1.64. The company’s revenue was reported at $4.69 billion, slightly below the forecasted $4.71 billion. Despite the earnings miss, Lincoln National’s stock rose, reflecting investor confidence in the company’s strategic initiatives. The company announced a strategic partnership with Bain Capital, aimed at enhancing growth, particularly in the annuities sector. Analysts have noted the company’s efforts to diversify its product mix and improve expense management. The firm also reported a net loss of $756 million or $4.41 per diluted share, primarily due to market risk benefits amid lower interest rates and equity markets. Lincoln National’s leverage ratio improved to 27.5%, and its RBC ratio remained above 420%. Looking ahead, the company expects continued growth in group protection and spread-based products.
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