Lincoln National Corp (LNC.PD) income statement

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 income statement

Annual Quarterly TTM

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

Line item	TTM Q2 2026 2026-06-30	TTM Q1 2026 2026-03-31	TTM FY 2025 2025-12-31	TTM Q3 2025 2025-09-30	TTM Q2 2025 2025-06-30	TTM Q1 2025 2025-03-31	TTM FY 2024 2024-12-31	TTM Q3 2024 2024-09-30	TTM Q2 2024 2024-06-30	TTM Q1 2024 2024-03-31	TTM FY 2023 2023-12-31	TTM Q3 2023 2023-09-30	TTM Q2 2023 2023-06-30	TTM Q1 2023 2023-03-31	TTM FY 2022 2022-12-31	TTM Q3 2022 2022-09-30	TTM Q2 2022 2022-06-30	TTM Q1 2022 2022-03-31	TTM FY 2021 2021-12-31	TTM Q3 2021 2021-09-30	TTM Q2 2021 2021-06-30	TTM Q1 2021 2021-03-31	TTM FY 2020 2020-12-31	TTM Q3 2020 2020-09-30	TTM Q2 2020 2020-06-30	TTM Q1 2020 2020-03-31	TTM FY 2019 2019-12-31	TTM Q3 2019 2019-09-30	TTM Q2 2019 2019-06-30	TTM Q1 2019 2019-03-31	TTM FY 2018 2018-12-31	TTM Q3 2018 2018-09-30	TTM Q2 2018 2018-06-30	TTM Q1 2018 2018-03-31	TTM FY 2017 2017-12-31	TTM Q3 2017 2017-09-30	TTM Q2 2017 2017-06-30	TTM Q1 2017 2017-03-31	TTM FY 2016 2016-12-31	TTM Q3 2016 2016-09-30
Revenue	19,325	18,827	18,212	18,352	17,908	19,017	18,442	14,079	14,171	11,947	11,645	15,168	15,637	18,285	18,810	20,198	20,764	20,049	17,715	18,768	18,891	17,546	17,439	17,647	16,924	17,717	17,258	17,444	17,070	16,780	16,424	15,562	14,809	14,366	14,257	13,843	13,857	13,587	13,330	13,246
Total Costs & Expenses	16,489	16,786	16,874	15,829	16,612	17,473	14,420	13,772	12,127	10,397	12,793	14,718	18,347	20,565	17,085	18,603	16,677	16,218	13,072	17,283	17,312	16,904	17,016	16,833	16,820	17,031	16,339	16,538	15,382	15,062	14,539	14,532	13,801	13,276	13,127	12,128	12,040	11,889	11,872	11,634
Interest Expense	–	–	–	–	–	335	336	334	332	330	331	329	316	300	283	272	274	271	270	269	262	281	284	290	337	323	326	323	279	277	297	291	285	280	253	319	322	327	331	270
Asset Impairment Charges	–	–	–	–	–	–	–	–	–	–	0	–	–	–	634	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Gain (Loss) on Sale of Assets	–	–	-14	–	–	–	582	–	–	–	0	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Pretax Income	2,836	2,041	1,338	2,523	1,296	1,544	4,022	307	2,044	1,550	-1,148	450	-2,710	-2,280	1,725	1,595	4,087	3,831	4,643	1,485	1,579	642	423	814	104	686	919	906	1,688	1,718	1,885	1,030	1,008	1,090	1,130	1,714	1,816	1,697	1,458	1,613
Income Tax Expense	477	315	161	414	160	212	747	-47	309	199	-396	-54	-585	-484	367	341	741	680	865	162	174	-24	-76	26	-125	0	33	53	184	192	244	-1,027	-977	-921	-949	260	313	280	266	327
Net Income	2,359	1,726	1,177	2,109	1,136	1,332	3,275	354	1,735	1,351	-752	504	-2,125	-1,796	1,358	1,254	3,346	3,151	3,778	1,323	1,405	666	499	787	228	685	886	853	1,504	1,526	1,641	2,058	1,986	2,012	2,079	1,453	1,502	1,416	1,192	1,286
Net Income to Common	2,269	1,636	1,086	2,019	1,046	1,242	3,184	264	1,645	1,261	-834	1,234	-1,362	-1,029	1,358	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
EPS (Basic)(per share)	11.81	8.84	5.94	11.42	5.98	7.28	18.66	1.53	9.64	7.41	-4.92	2.54	-12.74	-10.78	7.93	6.87	19.02	17.51	20.17	6.97	7.34	3.45	2.58	4.02	1.15	3.44	4.41	4.11	7.19	7.15	7.60	9.44	9.06	9.14	9.36	6.49	6.62	6.15	5.09	5.41
EPS (Diluted)(per share)	11.54	8.62	5.83	11.14	5.73	7.04	18.41	1.47	9.55	7.38	-4.92	2.45	-12.81	-10.92	7.78	6.61	18.75	17.28	19.96	6.90	7.24	3.39	2.56	3.82	0.98	3.26	4.38	3.98	7.05	6.96	7.40	9.25	8.88	8.99	9.22	6.39	6.52	6.06	5.03	5.32
Shares Outstanding (Basic, Weighted)(shares)	192	188	183	178	173	171	171	170	170	170	170	169	169	170	171	174	178	183	187	190	192	193	194	195	196	198	201	204	208	212	216	218	219	220	222	224	227	230	234	239
Shares Outstanding (Diluted, Weighted)(shares)	196	192	186	181	175	173	173	172	172	171	171	171	171	171	173	176	181	186	190	191	193	193	194	196	198	200	202	206	211	215	220	221	223	224	226	227	230	233	237	242
Dividend per Share(per share)	1.80	1.80	1.80	1.80	1.80	1.80	1.80	1.80	1.80	1.80	1.80	1.80	1.80	1.80	1.80	1.80	1.77	1.74	1.71	1.68	1.66	1.64	1.62	1.60	1.57	1.54	1.51	1.48	1.44	1.40	1.36	1.32	1.28	1.24	1.20	1.16	1.12	1.08	1.04	1.00
Provision for Credit Losses	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	-103	23	117	111	183	71	1.00	–	–	–	–	–	–	–	–	–	–	–	–	–
Premiums Earned	–	–	–	–	–	–	–	–	–	–	9,139	6,321	6,303	6,189	11,690	5,942	5,788	5,694	11,656	5,562	5,461	5,399	5,372	5,351	5,383	5,439	5,513	5,505	5,503	5,270	4,601	4,139	3,590	3,226	3,256	3,117	3,051	2,978	2,987	3,100
Net Investment Income	6,371	6,217	6,075	5,917	5,789	5,650	5,544	5,526	5,604	5,780	5,900	5,879	5,680	5,570	5,515	5,548	5,828	6,013	6,111	6,172	6,055	5,644	5,510	5,386	5,163	5,346	5,223	5,190	5,226	5,103	5,085	4,988	4,956	4,986	4,990	4,983	5,003	4,940	4,874	4,830
Policyholder Benefits & Claims	7,873	7,947	7,960	7,958	7,969	7,983	7,918	5,451	5,666	5,850	6,138	8,620	8,617	8,379	8,479	8,510	8,482	8,458	8,503	8,245	8,608	8,403	8,677	8,478	8,496	8,623	7,880	8,251	7,375	7,184	6,786	5,966	5,601	5,227	5,160	5,068	4,729	4,650	4,692	4,722

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%