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Lincoln National Corporation (LNC)
NYSE: LNC · Real-Time Price · USD
45.47
-0.19 (-0.42%)
At close: Sep 4, 2026, 4:00 PM EDT
45.35
-0.12 (-0.26%)
After-hours: Sep 4, 2026, 7:30 PM EDT

Lincoln National Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
19,39318,26917,96811,70218,92517,715
Revenue Growth
7.54%1.68%53.55%-38.17%6.83%1.58%
Operating Income
1,8831,062949-3,1992,1621,078
Net Income
2,2691,0863,184-8341,3583,778
Earnings Per Share
11.475.8318.41-4.927.7919.96
EPS Growth
90.06%-68.34%---60.99%679.86%

Revenue by Segment
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Annuities
5,2024,9904,8963,0024,4824,691
Life Insurance
6,4536,4426,2486,9076,7477,387
Group Protection
6,1726,1025,7175,5635,3044,995
Retirement Plan Services
1,3941,3531,3211,3101,2741,322
Other Operations
247198160-755156181
Revenue (Total)
19,32518,21218,44211,64518,81017,715

Cash & Debt
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
10,1659,5025,8013,3653,3432,612
Total Debt
7,2417,0537,2277,7387,9247,782
Net Cash (Debt)
2,9242,449-1,426-4,373-4,581-5,170
Net Cash Growth
------
Net Cash Per Share
14.8313.16-8.24-25.79-26.53-27.26

Cash Flow & CapEx
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
-1,328-167-2,007-2,0743,609-217
Free Cash Flow
-1,328-167-2,007-2,0743,609-217
Free Cash Flow Growth
------

Margins
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Margin
9.71%5.81%5.28%-27.34%11.42%6.08%
Pretax Margin
14.62%7.32%22.38%-9.81%9.11%26.21%
Profit Margin
11.70%5.94%17.72%-7.13%7.18%21.33%

Dividends
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
1.8001.8001.8001.8001.8001.710
Dividend Per Share Growth
0%0%0%0%5.26%5.56%
Dividend Yield
3.96%4.18%6.19%7.73%7.30%3.22%

Valuation
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
3.967.791.70-3.833.27
Forward PE
5.545.594.254.113.556.63
PS Ratio
0.450.460.300.390.280.70