Lincoln National Corporation (LNC)

Lincoln National Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Premiums Earned	6,666	6,425	3,672	6,087	5,617
Investment Income	6,075	5,525	5,879	5,515	6,111
Net Gains on Investments	-799	269	-4,311	840	-867
Total Other Revenues	6,270	6,223	6,405	6,368	6,854
Revenue	18,212	18,442	11,645	18,810	17,715
Revenue Growth (YoY)	-1.25%	58.37%	-38.09%	6.18%	1.58%
Insurance Benefits & Claims	11,140	8,494	6,970	10,876	7,496
Other Operating Expenses	5,507	5,590	5,492	5,926	5,306
Operating Income	1,565	4,358	-817	2,008	4,913
Interest Expense	-227	-336	-331	-283	-270
Total Non-Operating Income (Expense)	-227	-336	-331	-283	-270
Pretax Income	1,338	4,022	-1,148	1,725	4,643
Provision for Income Taxes	161	747	-396	367	865
Net Income	1,086	3,184	-834	1,358	3,778
Minority Interest in Earnings	3	-	-	-	-
Net Income Attributable to Preferred Dividends	91	91	82	-	-
Net Income to Common	1,086	3,184	-834	1,358	3,778
Net Income Growth	-65.89%	-	-	-64.05%	657.11%
Shares Outstanding (Basic)	183	171	170	171	187
Shares Outstanding (Diluted)	186	173	171	173	190
Shares Change (YoY)	7.50%	1.37%	-1.14%	-8.93%	-2.48%
EPS (Basic)	5.94	18.66	-4.92	7.93	20.17
EPS (Diluted)	5.83	18.41	-4.92	7.78	19.96
EPS Growth	-68.33%	-	-	-61.02%	679.69%
Free Cash Flow	-167	-2,007	-2,074	3,609	-217
Free Cash Flow Per Share	-0.90	-11.60	-12.15	20.90	-1.14
Dividends Per Share	1.800	1.800	1.800	1.800	1.710
Dividend Growth	-	-	-	5.26%	5.56%
Operating Margin	8.59%	23.63%	-7.02%	10.68%	27.73%
Profit Margin	6.46%	17.76%	-6.46%	7.22%	21.33%
FCF Margin	-0.92%	-10.88%	-17.81%	19.19%	-1.22%
EBITDA	1,565	4,358	-817	2,008	4,913
EBIT	1,565	4,358	-817	2,008	4,913
EBIT Margin	8.59%	23.63%	-7.02%	10.68%	27.73%
Effective Tax Rate	12.03%	18.57%	34.49%	21.28%	18.63%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q