Lincoln National Corp (LNC.PD) balance sheet

LNC.PDNYSELife InsuranceFiscal year ends December 31Also trades as LNC

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026Score 17/3038% below fair value

$26.03+0.24 (+0.93%)

Close on Nov 2, 2026Market cap $4.98BP/E 2.3Yield 6.92%

Lincoln National Corp balance sheet

Annual Quarterly

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31	FY 2013 2013-12-31	FY 2012 2012-12-31	FY 2011 2011-12-31	FY 2010 2010-12-31	FY 2009 2009-12-31	FY 2008 2008-12-31	FY 2007 2007-12-31
Cash & Equivalents	9,502	5,801	3,365	3,343	2,612	1,708	2,563	2,345	1,628	2,722	3,146	3,919	2,364	4,230	4,510	2,741	4,025	5,588	–
Cash & Short-Term Investments	9,502	5,801	3,365	3,343	2,612	1,708	2,563	2,345	1,628	2,722	3,146	3,919	2,364	4,230	4,510	2,741	4,025	5,588	–
Operating Lease Right-of-Use Assets	58	85	118	140	147	182	233	–	–	–	–	–	–	–	–	–	–	–	–
Goodwill	1,144	1,144	1,144	1,144	1,778	1,778	1,778	1,782	1,368	2,273	2,273	2,273	2,273	3,863	3,863	3,019	3,013	3,696	–
Total Assets	417,204	390,831	372,413	334,331	386,945	365,948	334,761	298,147	281,763	261,627	251,908	253,377	236,945	218,869	201,491	193,824	177,433	163,136	–
Short-Term Debt	400	300	250	–	–	–	–	–	–	–	–	–	–	–	0	100	99	–	–
Current Portion of Long-Term Debt	400	300	250	500	300	–	300	–	450	–	–	–	–	200	300	250	250	–	–
Current Debt	400	300	250	500	300	–	300	–	450	–	–	250	501	200	300	351	350	815	–
Long-Term Debt	–	–	–	–	6,625	6,682	–	–	–	–	–	–	–	–	–	–	–	–	–
Operating Lease Liabilities	63	89	129	152	157	194	240	–	–	–	–	–	–	–	–	–	–	–	–
Total Liabilities	406,298	382,562	365,520	329,229	366,191	343,249	315,072	283,797	264,441	247,149	238,291	237,637	223,493	203,896	188,390	181,018	165,733	155,159	–
Total Debt	400	300	250	500	6,925	6,682	300	–	450	–	–	250	501	200	300	351	350	815	–
Retained Earnings	8,386	7,645	4,778	5,924	9,578	8,686	8,854	8,551	8,399	7,043	6,474	6,022	5,013	4,044	2,831	3,934	3,316	3,745	–
Comprehensive Income & Other	-4,058	-5,036	-3,476	-6,352	6,441	8,931	5,673	407	3,230	1,566	845	3,096	1,563	3,808	2,680	748	-262	-2,803	–
Shareholders' Equity	10,906	8,269	6,893	5,102	19,915	22,699	19,689	14,350	17,322	14,478	13,617	15,740	13,452	14,973	13,101	11,686	-262	7,977	11,718
Total Equity	10,906	8,269	6,893	5,102	19,915	22,699	19,689	14,350	17,322	14,478	13,617	15,740	13,452	14,973	13,101	11,686	-262	7,977	11,718
Total Liabilities & Equity	417,204	390,831	372,413	334,331	386,945	365,948	334,761	298,147	281,763	261,627	251,908	253,377	236,945	218,869	201,491	193,824	177,433	163,136	–
Shares Outstanding(shares)	190	170	170	169	177	192	197	206	218	226	244	257	263	271	291	316	–	–	–
Loans, Net	22,472	21,083	18,963	18,301	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Allowance for Credit Losses	182	152	114	99	96	204	2.00	–	–	–	–	–	–	–	–	–	–	–	–

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 30, 2026

Profitability, TTM

Gross margin: –
Operating margin: –
Net margin: 12.2%
Return on equity, FY2025: 12.3%

Financial strength

Current ratio: –
Debt to equity: –
Debt to assets: –
Cash to current liabilities: –

Valuation

P/E ratio: 2.3
Price to sales: 0.26
Price to book: 0.44
Dividend yield: 6.92%