RADNOR, Pa. (AP) _ Lincoln National Corp. (LNC) on Wednesday reported fourth-quarter earnings of $431 million.

On a per-share basis, the Radnor, Pennsylvania-based company said it had net income of $2.15. Earnings, adjusted for non-recurring costs, came to $2.41 per share.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.44 per share.

The insurance and retirement business posted revenue of $4.34 billion in the period. Its adjusted revenue was $4.51 billion.

For the year, the company reported profit of $886 million, or $4.38 per share. Revenue was reported as $18.05 billion.

Lincoln National shares have declined nearly 2% since the beginning of the year, while the Standard & Poor's 500 index has increased 3%. In the final minutes of trading on Wednesday, shares hit $58, a decrease of slightly more than 1% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LNC at https://www.zacks.com/ap/LNC

Automated Insights, source Associated Press News