Lincoln National Ratios and Metrics

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Feb '26 Feb 6, 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	7,659	5,402	4,576	5,198	12,335	9,723
Market Cap Growth	34.25%	18.05%	-11.97%	-57.86%	26.86%	-16.92%
Enterprise Value	4,763	6,857	10,497	11,500	17,149	15,023
PE Ratio	3.61	1.70	-	3.83	3.27	19.49
PS Ratio	0.39	0.30	0.39	0.28	0.70	0.56
PB Ratio	0.81	0.65	0.66	1.02	0.59	0.43
P/OCF Ratio	-	-	-	1.44	-	18.21
EV/Sales Ratio	0.26	0.38	0.90	0.61	0.97	0.86
EV/EBITDA Ratio	-	7.16	-	5.26	15.37	18.14
EV/EBIT Ratio	3.55	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
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	26.36%	60.63%	-16.43%	26.12%	30.63%	5.13%
Dividend Yield	4.46%	6.04%	7.54%	7.12%	3.15%	4.16%
Payout Ratio	16.11%	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	-1.07%	3.97%	9.36%	16.06%	5.63%	7.94%

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

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