Lincoln National Corp (LNC.PD) revenue by segment
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 revenue by segment
By business segment
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group Protection | $6.10B | $5.71B | $5.55B | $5.30B | $5.00B | $4.79B | $4.59B | $3.76B | $2.20B | $2.13B | 33.5% | +6.8% |
| Life Insurance | $5.90B | $6.29B | $4.93B | $6.75B | $7.39B | $7.52B | $7.44B | $6.92B | $6.56B | $6.25B | 32.4% | -6.2% |
| Annuities | $4.86B | $4.70B | $732.00M | $5.51B | $4.69B | $4.46B | $4.60B | $4.38B | $4.38B | $4.03B | 26.7% | +3.3% |
| Retirement Plan Services | $1.33B | $1.28B | $1.27B | $1.26B | $1.32B | $1.21B | $1.20B | $1.18B | $1.17B | $1.10B | 7.3% | +4.1% |
| Other Operations [Member] | – | – | – | $158.00M | $181.00M | $185.00M | $220.00M | $235.00M | $287.00M | $332.00M | – | – |
| Amortization Of DFEL Associated With Benefit Ratio Unlocking, Pre-Tax [Member] | – | – | – | – | – | – | $6.00M | -$5.00M | $3.00M | $1.00M | – | – |
| Excluded Realized Gain (Loss), Pre-Tax [Member] | – | – | – | – | – | – | -$794.00M | -$46.00M | -$336.00M | -$518.00M | – | – |
| Amortization of deferred gain arising from reserve changes on business sold through reinsurance, pre-tax [Member] | – | – | – | – | – | – | – | – | $1.00M | $3.00M | – | – |
| Operating income | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Annuities | $1.20B | $1.16B | $1.07B | $1.16B | – | – | – | – | – | – | +3.3% |
| Group Protection | $532.00M | $425.00M | $299.00M | $41.00M | – | – | – | – | – | – | +25.2% |
| Retirement Plan Services | $163.00M | $163.00M | $171.00M | $211.00M | – | – | – | – | – | – | 0.0% |
| Life Insurance | $117.00M | -$63.00M | -$159.00M | -$2.09B | – | – | – | – | – | – | -285.7% |
By product or service
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Other Revenues [Member] | – | – | – | – | – | – | – | $620.00M | – | – | – | – |
| Fee Income [Member] | – | – | – | – | – | – | – | $723.00M | – | – | – | – |
By region
From the segment and revenue-disaggregation notes of Lincoln National's 10-K and 10-Q filings (XBRL). Fourth-quarter figures are the fiscal year less the first nine months. Segment names follow the company's own labels and can change when it reorganizes.