Lincoln Financial appoints Jason Crane to lead retirement business

RADNOR, Pa. - Lincoln Financial (NYSE:LNC), whose stock has delivered an impressive 45% return over the past year and is trading near its 52-week high according to InvestingPro data, has appointed Jason Crane as Senior Vice President and President of its Retirement Plan Services business, according to a company press release issued Thursday.

Crane will oversee strategy and execution for the retirement business, reporting to Jimmy Reid, Executive Vice President and President of Lincoln’s Workplace Solutions businesses. He will also join Lincoln’s Corporate Leadership Group. The appointment comes as Lincoln maintains its 55-year streak of consecutive dividend payments, demonstrating strong financial stability with liquid assets exceeding short-term obligations.

Before joining Lincoln Financial, Crane served as Head of Core Retirement at Ascensus and previously led that company’s Retirement Distribution organization. Prior to Ascensus, he held leadership positions at Transamerica, including Head of U.S. Business Development for Retirement, Annuities and Mutual Fund businesses.

"Jason brings deep experience in the industry, a focus on results-driven strategy, and he is a tenured leader known for building elite teams," Reid said in the statement.

Crane replaces Ralph Ferraro, who is retiring from Lincoln at the end of September 2025 after serving as President of Retirement Plan Services since 2022. Ferraro had announced his planned retirement in May.

Lincoln Financial provides annuities, life insurance, group protection, and retirement plan services to approximately 17 million customers. As of June 30, 2025, the company reported $331 billion in end-of-period account balances, net of reinsurance.

In other recent news, Lincoln National Corporation reported its second-quarter 2025 earnings, revealing an impressive earnings per share (EPS) of $2.36. This figure exceeded both internal and consensus estimates, which stood at $1.89 and $1.88, respectively. However, the company reported revenue of $4.04 billion, falling short of the expected $4.66 billion, marking a 13.3% miss. Despite the revenue shortfall, analysts at CFRA raised their price target for Lincoln National to $42.00, citing improved margins, while maintaining a Hold rating. Similarly, Wells Fargo increased their price target to $37.00, acknowledging a strong quarter for the company. Additionally, Lincoln Financial Group announced a quarterly cash dividend of $0.45 per share, payable on November 3, 2025, to shareholders of record as of October 10, 2025. These recent developments highlight the company’s solid earnings performance and strategic financial decisions.

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