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

Market cap: $7.72B
P/E (TTM): 3.4
Dividend yield: 4.58%

LINCOLN NATIONAL CORP income statement

Annual Quarterly TTM

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
Revenue	18,212	18,442	11,645	18,810	17,715	17,439	17,258	16,424	14,257	13,330	13,572	13,554	11,969	11,535	10,641	10,415	8,499	9,224	9,614
General & Administrative	2,647	2,738	2,543	2,407	2,252	2,072	2,210	1,953	1,766	1,687	1,701	1,640	1,630	1,564	1,423	1,412	1,284	1,271	–
Total Costs & Expenses	16,874	14,420	12,793	17,085	13,072	17,016	16,339	14,539	13,127	11,872	12,142	11,557	10,338	9,967	10,138	9,280	9,020	9,361	7,939
Interest Expense	227	336	331	283	270	284	326	297	253	331	272	267	265	273	294	–	–	–	–
Interest & Investment Income	–	–	–	–	–	–	–	–	–	–	4,952	4,976	4,876	4,801	4,763	4,661	4,292	4,255	–
Income from Equity Investments	–	–	–	–	–	–	–	–	–	–	–	–	-86	-125	-90	379	55	–	–
Merger & Restructuring Charges	–	–	–	–	–	–	–	–	–	–	–	–	–	20	0	-1.00	34	8.00	–
Asset Impairment Charges	0	0	0	634	0	–	–	–	905	–	–	–	–	0	747	0	-680	–	–
Gain (Loss) on Sale of Assets	-14	582	0	0	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Legal Settlements	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	40	–	–	–
Pretax Income	1,338	4,022	-1,148	1,725	4,643	423	919	1,885	1,130	1,458	1,430	1,997	1,631	1,568	503	1,135	-521	-137	1,675
Income Tax Expense	161	747	-396	367	865	-76	33	244	-949	266	276	483	387	282	274	262	-106	-127	476
Income from Continuing Operations	–	–	–	–	–	–	–	–	–	1,192	1,154	1,514	1,244	1,286	229	873	-415	-10	1,199
Income from Discontinued Operations	–	–	–	–	–	–	–	–	–	–	–	1.00	–	27	-8.00	29	-70	67	16
Net Income	1,177	3,275	-752	1,358	3,778	499	886	1,641	2,079	1,192	1,154	1,515	1,244	1,313	221	902	-485	57	1,215
Net Income to Common	1,086	3,184	-834	1,358	–	–	–	–	–	–	–	–	–	1,313	221	735	-520	57	1,215
EPS (Basic)(per share)	5.94	18.66	-4.92	7.93	20.17	2.58	4.41	7.60	9.36	5.09	4.60	5.81	4.68	4.68	0.72	2.37	-1.85	0.22	4.50
EPS (Diluted)(per share)	5.83	18.41	-4.92	7.78	19.96	2.56	4.38	7.40	9.22	5.03	4.51	5.67	4.52	4.56	0.69	2.30	-1.85	0.22	4.43
Shares Outstanding (Basic, Weighted)(shares)	183	171	170	171	187	194	201	216	222	234	251	261	266	281	307	310	280	257	–
Shares Outstanding (Diluted, Weighted)(shares)	186	173	171	173	190	194	202	220	226	237	255	268	275	288	315	319	286	259	–
Dividend per Share(per share)	1.80	1.80	1.80	1.80	1.71	1.62	1.51	1.36	1.20	1.04	0.85	0.68	0.52	0.36	0.23	0.08	0.04	1.46	1.60
Provision for Credit Losses	–	–	–	–	-112	117	1.00	-2.00	–	–	–	–	–	–	–	–	–	–	–
Premiums Earned	12,162	11,827	9,139	11,690	11,656	5,372	5,513	4,601	3,256	2,987	3,246	2,988	2,687	2,462	2,294	2,176	2,064	2,018	1,852
Net Investment Income	6,075	5,544	5,900	5,515	6,111	5,510	5,223	5,085	4,990	4,874	4,827	4,859	4,754	4,698	4,652	4,541	4,178	4,130	4,297
Policyholder Benefits & Claims	7,960	7,918	6,138	8,479	8,503	8,677	7,880	6,786	5,160	4,692	5,044	4,679	3,862	3,541	3,345	3,327	2,834	3,059	2,425

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: 3.4
Price to sales: 0.40
Price to book: 0.68
Dividend yield: 4.58%