Lincoln National Ratios and Metrics

Market cap in millions GBP. Fiscal year is January - December.

Millions GBP. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Feb '26 Feb 12, 2026	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Market Capitalization	5,361	4,315	3,592	4,314	9,110	7,122
Market Cap Growth	14.81%	20.11%	-16.73%	-52.64%	27.92%	-19.41%
Enterprise Value	3,961	5,477	8,241	9,545	12,665	11,004
PE Ratio	3.57	1.70	-	3.83	3.27	19.49
PS Ratio	0.39	0.30	0.39	0.28	0.70	0.56
PB Ratio	0.69	0.65	0.66	1.02	0.59	0.43
P/OCF Ratio	-	-	-	1.44	-	18.21
EV/Sales Ratio	0.29	0.38	0.90	0.61	0.97	0.86
EV/EBITDA Ratio	3.93	7.16	-	5.26	15.37	18.14
EV/EBIT Ratio	4.03	7.23	-	5.32	15.91	19.39
Debt / Equity Ratio	0.74	0.87	1.12	1.55	0.38	0.36
Debt / EBITDA Ratio	5.64	7.27	-	3.55	6.68	9.23
Net Debt / Equity Ratio	-0.28	0.17	0.63	0.90	0.25	0.28
Net Debt / EBITDA Ratio	-	1.49	-1.37	2.10	4.63	7.73
Quick Ratio	1.20	1.11	1.08	1.13	0.57	0.56
Current Ratio	2.29	2.33	2.35	2.94	3.30	2.90
Asset Turnover	0.05	0.05	0.03	0.05	0.05	0.05
Return on Equity (ROE)	21.68%	43.20%	-12.54%	10.50%	17.39%	2.35%
Return on Assets (ROA)	0.21%	0.15%	-0.57%	0.38%	0.18%	0.14%
Return on Invested Capital (ROIC)	6.08%	5.13%	-23.13%	8.19%	2.96%	2.68%
Earnings Yield	28.02%	60.63%	-16.43%	26.12%	30.63%	5.13%
Dividend Yield	3.31%	6.02%	7.55%	7.15%	3.09%	4.22%
Payout Ratio	19.29%	12.15%	-	22.83%	8.44%	62.32%
Buyback Yield / Dilution	-5.54%	-2.07%	1.82%	8.93%	2.48%	3.78%
Total Shareholder Return	-2.22%	3.95%	9.37%	16.08%	5.58%	8.00%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.