LNCNYSELife InsuranceFiscal year ends December 31Also trades as LNC.PD

LINCOLN NATIONAL CORP

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026

$39.28−0.55 (-1.38%)

Close on Oct 19, 2026

Margins

Share of revenue, fiscal years 2011 to 2025

6.5%+3.6 pts over 5 years

Compound annual growth to fiscal 2025

Per year	1 year	3 years	5 years	10 years
Revenue	-1.2%	-1.1%	+0.9%	+3.0%
Net income	-64.1%	-4.7%	+18.7%	+0.2%
EPS, diluted	-68.3%	-9.2%	+17.9%	+2.6%
Dividend per share	0.0%	0.0%	+2.1%	+7.8%

10 fiscal years. Hover a measure to see how it is calculated.

Measure	FY2016	FY2020	FY2025
Return on equity	8.5%	2.4%	12.3%
Return on assets	0.5%	0.1%	0.3%
Debt to equity	–	0.29	–
Diluted shares	237M	194M	186M

Return on equity split into margin, efficiency and leverage

Net margin6.5%

Asset turnover0.05×

Equity multiplier42.14×

Return on equity, FY202512.3%

Fiscal year	Net margin	Asset turnover	Equity multiplier	Return on equity
FY2025	6.5%	0.05×	42.14×	12.3%
FY2024	17.8%	0.05×	50.34×	43.2%
FY2023	-6.5%	0.03×	58.92×	-12.5%
FY2022	7.2%	0.05×	28.83×	10.9%
FY2021	21.3%	0.05×	17.67×	17.7%
FY2020	2.9%	0.05×	16.53×	2.4%
FY2019	5.1%	0.05×	18.59×	5.2%
FY2018	10.0%	0.06×	18.31×	10.4%
FY2017	14.6%	0.05×	17.09×	13.1%
FY2016	8.9%	0.05×	18.28×	8.5%

Parsed from the XBRL in Lincoln National's annual and quarterly filings with the SEC
Per-share figures adjusted for the 2-for-1 split on Jun 22, 1999
Fourth quarters derived from the annual report minus nine months
Every figure in the statements links to its source filing

Trailing twelve months. Peers are matched on business description, industry and size. Ticks are peers, the dot is LNC.

Revenue growth7.9% · median 3.2%

Net margin12.2% · median 7.4%

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