Lincoln National Corporation (LNC)

NYSE: LNC · Real-Time Price · USD

46.03

-0.64 (-1.37%)

Aug 7, 2026, 4:00 PM EDT - Market closed

Lincoln National Financials Overview

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	19,325	18,212	18,442	11,645	18,810	17,715
Revenue Growth	7.91%	-1.25%	58.37%	-38.09%	6.18%	1.58%
Operating Income	3,159	1,565	4,358	-817	2,008	4,913
Net Income	2,269	1,086	3,184	-834	1,358	3,778
Earnings Per Share	11.54	5.83	18.41	-4.92	7.78	19.96
EPS Growth	101.40%	-68.33%	-	-	-61.02%	679.69%

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Annuities	5,202	4,990	4,896	3,002	4,482	4,691
Life Insurance	6,453	6,442	6,248	6,907	6,747	7,387
Group Protection	6,172	6,102	5,717	5,563	5,304	4,995
Retirement Plan Services	1,394	1,353	1,321	1,310	1,274	1,322
Other Operations	247	198	160	-755	156	181
Revenue (Total)	19,325	18,212	18,442	11,645	18,810	17,715

Cash & Debt

Selected indicators aren't available for this stock.

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	-1,328	-167	-2,007	-2,074	3,609	-217
Free Cash Flow	-1,328	-167	-2,007	-2,074	3,609	-217
Free Cash Flow Growth	-	-	-	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Margin	16.35%	8.59%	23.63%	-7.02%	10.68%	27.73%
Pretax Margin	14.68%	7.35%	21.81%	-9.86%	9.17%	26.21%
Profit Margin	12.21%	6.46%	17.76%	-6.46%	7.22%	21.33%
FCF Margin	-6.87%	-0.92%	-10.88%	-17.81%	19.19%	-1.22%

Dividends

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 8, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Dividend Per Share	1.800	1.800	1.800	1.800	1.800	1.710
Dividend Per Share Growth	0%	0%	0%	0%	5.26%	5.56%
Dividend Yield	3.91%	4.00%	5.68%	6.67%	5.90%	2.49%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 8, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	4.01	7.64	1.72	-	3.95	3.42
Forward PE	5.66	5.59	4.25	4.11	3.55	6.63
P/FCF Ratio	-	-	-	-	1.44	-
PS Ratio	0.45	0.46	0.29	0.39	0.28	0.68