RADNOR, Pa. (AP) _ Lincoln National Corp. (LNC) on Wednesday reported first-quarter net income of $225 million.

On a per-share basis, the Radnor, Pennsylvania-based company said it had profit of $1.16. Earnings, adjusted for non-recurring costs, came to $1.82 per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.48 per share.

The insurance and retirement business posted revenue of $4.53 billion in the period. Its adjusted revenue was $4.76 billion.

Lincoln National shares have risen 32% since the beginning of the year, while the S&P’s 500 index has risen 11%. In the final minutes of trading on Wednesday, shares hit $66.33, more than doubling in the last 12 months.

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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