RADNOR, Pa. -- (Business Wire)
Lincoln Financial Group (NYSE: LNC) announced today that Randal Freitag,
executive vice president, chief financial officer and head of Individual
Life, was recognized by the Philadelphia Business Journal and received
its 2018 CFOs of the Year Award, honoring the region's most influential
executives who exemplify the professionalism, integrity, resilience and
mastery of all the financial and people skills that make a great CFO.
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Lincoln Financial Group’s Randal Freitag Recieves 2018 CFO of the Year Award from Philadelphia Business Journal (Photo: Business Wire)
“We are very pleased that the Philadelphia Business Journal has
recognized Randy with this honor,” said Dennis R. Glass, President &
CEO, Lincoln Financial Group. “Randy’s combination of integrity,
industry expertise and financial stewardship contribute to his positive
influence on our company, our industry and the communities we serve.”
Freitag provides executive leadership to Corporate Finance, Risk
Management, Treasury, Corporate Tax, Corporate Actuarial, Audit,
Procurement and Investor Relations. He works closely with senior leaders
throughout the company to develop strategies to position the company for
the future. In addition to his role as Lincoln’s chief financial
officer, Freitag assumed oversight responsibility for the company’s Life
Insurance business in June of 2017.
In 2017, Lincoln achieved record operating earnings per share, reached
an all-time high book value per share, and each of Lincoln’s four
businesses – Life Insurance, Annuities, Group Protection and Retirement
Plan Services – generated sales or deposit gains. Lincoln also returned
nearly $1 billion to shareholders in the form of dividends and share
repurchases, and this past May the company completed its purchase of
Liberty Mutual’s group benefits business.
Freitag joined Lincoln Financial in 1995. Prior to his appointment to
CFO in 2011, he served as chief risk officer, responsible for enterprise
risk management, capital and liquidity management, equity risk
management and treasury. During his tenure at the company, Freitag was
also vice president of product risk and profitability management for the
Individual Life and Annuities businesses. In that role, his areas of
responsibility included financial management, asset liability and equity
risk (variable annuity hedging) management.
Freitag earned a Bachelor’s degree in Mathematics from the University of
Minnesota and he is a fellow of the Society of Actuaries.
About Lincoln Financial Group
Lincoln Financial Group provides advice and solutions that help empower
people to take charge of their financial lives with confidence and
optimism. Today, more than 17 million customers trust our retirement,
insurance and wealth protection expertise to help address their
lifestyle, savings and income goals, as well as to guard against
long-term care expenses. Headquartered in Radnor, Pennsylvania, Lincoln
Financial Group is the marketing name for Lincoln National Corporation
(NYSE:LNC) and its affiliates. The company had $253 billion in assets
under management as of March 31, 2018. Lincoln Financial Group is a
committed corporate citizen and was named one of the Forbes Best
Employers for 2018, is a member of the Dow Jones Sustainability Index
North America, and received a perfect score of 100 percent on the 2018
Corporate Equality Index. Learn more at: www.LincolnFinancial.com.
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Lincoln Financial Group
Source: Lincoln Financial Group
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