Lincoln National Corporation (LNC)
NYSE: LNC · Real-Time Price · USD
42.85
+0.87 (2.07%)
Aug 21, 2026, 11:42 AM EDT - Market open
Lincoln National Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
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 |
Premiums & Annuity Revenue | 6,696 | 6,666 | 6,425 | 3,672 | 6,087 | 5,617 |
Total Interest & Dividend Income | 6,371 | 6,075 | 5,544 | 5,900 | 5,515 | 6,111 |
Gain (Loss) on Sale of Investments | -393 | -340 | -268 | -897 | -15 | 659 |
Other Revenue | 6,719 | 5,868 | 6,267 | 3,027 | 7,338 | 5,340 |
| 19,393 | 18,269 | 17,968 | 11,702 | 18,925 | 17,715 | |
Revenue Growth | 7.54% | 1.68% | 53.55% | -38.17% | 6.83% | 1.58% |
Policy Benefits | 11,834 | 11,703 | 11,361 | 9,386 | 11,356 | 11,432 |
Policy Acquisition & Underwriting Costs | 2,308 | 2,141 | 2,003 | 1,901 | 1,837 | 1,886 |
Amortization of Goodwill & Intangibles | 148 | 148 | 96 | 44 | 65 | 50 |
Selling, General & Administrative | 2,647 | 2,647 | 2,957 | 3,069 | 2,943 | 2,822 |
Other Operating Expenses | 573 | 568 | 602 | 501 | 562 | 447 |
Total Operating Expenses | 17,510 | 17,207 | 17,019 | 14,901 | 16,763 | 16,637 |
Operating Income | 1,883 | 1,062 | 949 | -3,199 | 2,162 | 1,078 |
Interest Expense | -324 | -227 | -336 | -331 | -283 | -270 |
Other Non Operating Income (Expenses) | 1,343 | 563 | 2,867 | 2,416 | 480 | 3,936 |
EBT Excluding Unusual Items | 2,902 | 1,398 | 3,480 | -1,114 | 2,359 | 4,744 |
Merger & Restructuring Charges | -46 | -46 | -40 | -34 | - | -101 |
Impairment of Goodwill | - | - | - | - | -634 | - |
Gain (Loss) on Sale of Assets | -6 | - | 582 | - | - | - |
Asset Writedown | -14 | -14 | - | - | - | - |
Pretax Income | 2,836 | 1,338 | 4,022 | -1,148 | 1,725 | 4,643 |
Income Tax Expense | 476 | 161 | 747 | -396 | 367 | 865 |
Net Income | 2,360 | 1,177 | 3,275 | -752 | 1,358 | 3,778 |
Preferred Dividends & Other Adjustments | 91 | 91 | 91 | 82 | - | - |
Net Income to Common | 2,269 | 1,086 | 3,184 | -834 | 1,358 | 3,778 |
Net Income Growth | 117.13% | -65.89% | - | - | -64.05% | 657.11% |
Shares Outstanding (Basic) | 192 | 183 | 171 | 170 | 171 | 187 |
Shares Outstanding (Diluted) | 197 | 186 | 173 | 170 | 173 | 190 |
Shares Change | 13.75% | 7.50% | 2.07% | -1.82% | -8.93% | -2.48% |
EPS (Basic) | 11.83 | 5.94 | 18.66 | -4.92 | 7.94 | 20.16 |
EPS (Diluted) | 11.47 | 5.83 | 18.41 | -4.92 | 7.79 | 19.96 |
EPS Growth | 90.06% | -68.34% | - | - | -60.99% | 679.86% |
Additional Metrics
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 |
Dividend Per Share | 1.800 | 1.800 | 1.800 | 1.800 | 1.800 | 1.710 |
Dividend Growth | 0% | 0% | 0% | 0% | 5.26% | 5.56% |
Operating Margin | 9.71% | 5.81% | 5.28% | -27.34% | 11.42% | 6.08% |
Profit Margin | 11.70% | 5.94% | 17.72% | -7.13% | 7.18% | 21.33% |
EBITDA | - | 1,210 | 958 | -3,190 | 2,185 | 1,116 |
EBITDA Margin | - | 6.62% | 5.33% | -27.26% | 11.55% | 6.30% |
D&A For EBITDA | - | 148 | 9 | 9 | 23 | 38 |
EBIT | 1,883 | 1,062 | 949 | -3,199 | 2,162 | 1,078 |
EBIT Margin | 9.71% | 5.81% | 5.28% | -27.34% | 11.42% | 6.08% |
Effective Tax Rate | 16.78% | 12.03% | 18.57% | - | 21.27% | 18.63% |
Revenue as Reported | 19,325 | 18,212 | 18,442 | 11,645 | 18,810 | 17,715 |