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Lincoln National (LNC) Financials

Lincoln National logo
$37.70 +0.16 (+0.43%)
Closing price 03:59 PM Eastern
Extended Trading
$37.79 +0.09 (+0.24%)
As of 07:20 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Lincoln National

Annual Income Statements for Lincoln National

This table shows Lincoln National's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -1,097 1,913 2,079 1,641 886 3,757 3,778 1,358 -834 3,184 1,086
Consolidated Net Income / (Loss)		 1,154 1,192 2,079 1,641 886 499 3,778 1,358 -752 3,275 1,177
Net Income / (Loss) Continuing Operations		 1,154 1,192 2,079 1,641 886 499 3,778 1,358 -752 3,275 1,177
Total Pre-Tax Income 		1,430 1,458 1,130 1,885 919 423 4,643 1,725 -1,148 4,022 1,338
Total Revenue		 13,572 13,330 14,004 16,127 16,932 17,439 17,445 18,810 11,645 18,442 18,212
Net Interest Income / (Expense)		 0.00 0.00 -253 -297 -326 0.00 -270 0.00 0.00 0.00 0.00
Total Interest Income		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Interest Expense		 0.00 0.00 253 297 326 0.00 270 0.00 0.00 0.00 0.00
Total Non-Interest Income		 13,572 13,330 14,257 16,424 17,258 17,439 17,715 18,810 11,645 18,442 18,212
Other Service Charges		 5,045 5,244 6,158 6,588 7,101 6,371 6,816 5,603 5,467 5,402 5,496
Net Realized & Unrealized Capital Gains on Investments		 4,750 4,608 4,843 5,235 4,644 5,038 5,282 6,355 1,589 5,813 5,276
Premiums Earned		 3,246 2,987 3,256 4,601 5,513 5,372 5,617 6,087 3,672 6,425 6,666
Other Non-Interest Income		 531 491 - - - 658 - 765 917 802 774
Total Non-Interest Expense		 12,142 11,872 12,874 14,242 16,013 17,016 12,802 17,085 12,793 14,420 16,874
Property & Liability Insurance Claims		 7,552 7,256 7,750 9,403 10,660 11,600 11,249 11,356 9,386 11,361 11,703
Insurance Policy Acquisition Costs		 - - - - - - - 2,766 -152 -190 -191
Other Operating Expenses		 4,318 4,285 4,219 4,839 5,353 5,132 5,306 2,046 3,228 2,913 5,135
Other Special Charges		 272 331 - - - 284 -3,753 283 331 336 227
Income Tax Expense		 276 266 -949 244 33 -76 865 367 -396 747 161
Preferred Stock Dividends Declared		 - - - - - - - 0.00 82 91 91
Basic Earnings per Share		 $4.60 $5.09 $9.36 $7.60 $4.41 $2.58 $20.17 $7.93 ($4.92) $18.66 $5.94
Weighted Average Basic Shares Outstanding		 250.63M 234.18M 222.13M 215.94M 195.37M 191.96M 172.45M 169.22M 169.67M 170.40M 190.09M
Diluted Earnings per Share		 $4.51 $5.03 $9.22 $7.40 $4.38 $2.56 $19.96 $7.78 ($4.92) $18.41 $5.83
Weighted Average Diluted Shares Outstanding		 250.63M 234.18M 222.13M 215.94M 195.37M 191.96M 172.45M 169.22M 169.67M 170.40M 190.09M
Weighted Average Basic & Diluted Shares Outstanding		 250.63M 234.18M 222.13M 215.94M 195.37M 191.96M 172.45M 169.22M 169.67M 170.40M 190.09M
Cash Dividends to Common per Share		 $0.85 $1.04 $1.20 $1.36 $1.51 $1.62 $1.71 $1.80 $1.80 $1.80 $1.80

Quarterly Income Statements for Lincoln National

This table shows Lincoln National's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 502 819 -1,246 1,188 884 -562 1,671 -756 688 411 743
Consolidated Net Income / (Loss)		 511 853 -1,235 1,222 895 -528 1,686 -722 699 445 755
Net Income / (Loss) Continuing Operations		 511 853 -1,235 1,222 895 -528 1,686 -722 699 445 755
Total Pre-Tax Income 		602 1,034 -1,614 1,528 1,096 -703 2,101 -949 848 524 915
Total Revenue		 2,929 4,203 782 4,116 5,067 4,025 5,143 4,691 4,044 4,476 5,001
Net Interest Income / (Expense)		 0.00 0.00 83 0.00 -86 -86 81 0.00 0.00 -79 79
Total Interest Expense		 0.00 0.00 -83 0.00 86 86 -81 0.00 0.00 79 -79
Total Non-Interest Income		 2,929 4,203 699 4,116 5,153 4,111 5,062 4,691 4,044 4,555 4,922
Other Service Charges		 1,365 1,363 1,151 1,324 1,533 1,512 1,096 1,365 1,340 1,590 1,201
Net Realized & Unrealized Capital Gains on Investments		 -267 1,041 147 912 1,995 985 1,931 1,468 825 1,328 1,655
Premiums Earned		 1,612 1,566 -1,085 1,601 1,625 1,614 1,585 1,676 1,682 1,637 1,671
Total Non-Interest Expense		 2,327 3,169 2,396 2,588 3,971 4,728 3,042 5,640 3,196 3,952 4,086
Property & Liability Insurance Claims		 3,000 2,983 445 2,825 2,756 2,767 2,870 2,958 2,910 2,881 2,954
Other Operating Expenses		 -647 -57 2,608 -306 1,351 1,304 -1,864 2,661 387 1,414 673
Income Tax Expense		 91 181 -379 306 201 -175 415 -227 149 79 160
Preferred Stock Dividends Declared		 11 34 12 34 11 34 12 34 11 34 12
Basic Earnings per Share		 $2.95 $4.82 ($7.34) $6.98 $5.18 ($3.29) $9.79 ($4.41) $3.88 $2.15 $4.32
Weighted Average Basic Shares Outstanding		 169.64M 169.66M 169.67M 170.03M 170.20M 170.34M 170.40M 170.73M 189.58M 189.94M 190.09M
Diluted Earnings per Share		 $2.94 $4.79 ($7.28) $6.93 $5.11 ($3.29) $9.66 ($4.41) $3.80 $2.12 $4.32
Weighted Average Diluted Shares Outstanding		 169.64M 169.66M 169.67M 170.03M 170.20M 170.34M 170.40M 170.73M 189.58M 189.94M 190.09M
Weighted Average Basic & Diluted Shares Outstanding		 169.64M 169.66M 169.67M 170.03M 170.20M 170.34M 170.40M 170.73M 189.58M 189.94M 190.09M
Cash Dividends to Common per Share		 $562.95 $1,719.20 ($2,280.80) $0.45 $0.45 $0.45 ($2,280.80) $0.45 $0.45 $0.45 $0.45

Annual Cash Flow Statements for Lincoln National

This table details how cash moves in and out of Lincoln National's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -773 -424 -1,094 717 218 -855 904 731 22 2,436 3,701
Net Cash From Operating Activities		 2,243 1,272 788 1,943 -2,686 534 -217 3,609 -2,074 -2,007 -167
Net Cash From Continuing Operating Activities		 2,243 1,272 788 1,943 -2,686 534 -217 3,609 -2,074 -2,007 -167
Net Income / (Loss) Continuing Operations		 1,154 1,192 2,079 1,641 886 499 3,778 1,358 -752 3,275 1,177
Consolidated Net Income / (Loss)		 1,154 1,192 2,079 1,641 886 499 3,778 1,358 -752 3,275 1,177
Amortization Expense		 -193 70 -7.00 -90 -440 7.00 -38 488 637 689 574
Non-Cash Adjustments to Reconcile Net Income		 406 812 1,296 -187 -1,475 948 -3,374 -2,877 2,287 -2,862 608
Changes in Operating Assets and Liabilities, net		 876 -802 -2,580 579 -1,657 -920 -583 4,640 -4,246 -3,109 -2,526
Net Cash From Investing Activities		 -4,223 -3,666 -4,188 -5,815 -5,499 -9,481 -3,584 -11,646 -3,334 821 -4,013
Net Cash From Continuing Investing Activities		 -4,223 -3,666 -4,188 -5,815 -5,499 -9,481 -3,584 -11,646 -3,334 821 -4,013
Purchase of Investment Securities		 -9,753 -11,415 -13,105 -14,374 -15,727 -17,157 -17,672 -15,477 -11,761 -12,832 -21,338
Divestitures		 75 0.00 - - - - - 0.00 0.00 619 0.00
Sale and/or Maturity of Investments		 7,414 9,904 8,917 11,691 14,490 9,476 17,167 6,338 10,373 17,180 21,580
Other Investing Activities, net		 -1,959 -2,155 - -3,120 -4,262 -1,800 -3,079 -2,507 -1,946 -4,146 -4,255
Net Cash From Financing Activities		 1,207 1,970 2,306 4,589 8,403 8,092 4,705 8,768 5,430 3,622 7,881
Net Cash From Continuing Financing Activities		 1,207 1,970 2,306 4,589 8,403 8,092 4,705 8,768 5,430 3,622 7,881
Net Change in Deposits		 10,769 10,053 10,797 13,638 16,069 14,034 13,426 16,203 16,404 16,060 21,109
Issuance of Debt		 298 395 0.00 1,094 744 1,289 0.00 296 0.00 346 495
Issuance of Common Equity		 47 26 - - -20 -7.00 20 -16 -7.00 -5.00 829
Repayment of Debt		 -250 -659 0.00 -560 -350 -1,109 -8.00 -300 -500 -100 -721
Payment of Dividends		 -204 -238 -262 -289 -303 -311 -319 -310 -387 -398 -416
Other Financing Activities, Net		 -8,553 -6,728 -7,504 -8,388 -7,187 -5,529 -7,309 -7,541 -10,080 -12,281 -13,415

Quarterly Cash Flow Statements for Lincoln National

This table details how cash moves in and out of Lincoln National's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025
Net Change in Cash & Equivalents		 2.00 -1,239 836 757 1,353 538 -212 -1,517 2,859 3,525 -1,166
Net Cash From Operating Activities		 522 46 -1,868 -1,343 -859 -27 222 -272 1,013 -1,141 233
Net Cash From Continuing Operating Activities		 522 46 -1,868 -1,343 -859 -27 222 -272 1,013 -1,141 233
Net Income / (Loss) Continuing Operations		 511 853 -1,235 1,222 894 -528 1,687 -722 699 446 754
Consolidated Net Income / (Loss)		 511 853 -1,235 1,222 894 -528 1,687 -722 699 446 754
Non-Cash Adjustments to Reconcile Net Income		 -41 -902 1,276 -1,953 -891 1,057 -1,821 980 -73 -572 273
Changes in Operating Assets and Liabilities, net		 62 -419 -2,051 -802 -1,241 -703 205 -686 543 -1,015 -1,368
Net Cash From Investing Activities		 -857 -1,438 -714 1,639 601 -702 -717 -2,046 -266 2,212 -3,913
Net Cash From Continuing Investing Activities		 -857 -1,438 -714 1,639 601 -702 -717 -2,046 -266 2,212 -3,913
Purchase of Investment Securities		 -2,476 -3,029 -3,087 -2,675 -2,988 -2,919 -4,250 -4,119 -4,352 -7,966 -4,901
Sale and/or Maturity of Investments		 2,069 2,249 2,942 4,885 4,529 3,185 4,581 2,992 5,173 8,172 5,243
Net Cash From Financing Activities		 337 153 3,418 461 1,611 1,267 283 801 2,112 2,454 2,514
Net Cash From Continuing Financing Activities		 337 153 3,418 461 1,611 1,267 283 801 2,112 2,454 2,514
Net Change in Deposits		 3,332 3,605 5,275 3,602 4,506 4,204 3,748 4,434 5,189 5,771 5,715
Issuance of Debt		 - - - 347 -1.00 - - 0.00 - - 495
Issuance of Common Equity		 -2.00 - -1.00 -5.00 -1.00 2.00 -1.00 -4.00 822 7.00 4.00
Payment of Dividends		 -87 -111 -87 -111 -88 -111 -88 -111 -88 -120 -97
Other Financing Activities, Net		 -2,906 -2,841 -1,769 -3,325 -2,752 -2,828 -3,376 -3,218 -3,390 -3,208 -3,599

Annual Balance Sheets for Lincoln National

This table presents Lincoln National's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 251,908 261,627 281,763 298,147 334,761 365,948 386,945 334,331 372,413 390,831 417,204
Cash and Due from Banks		 3,146 2,722 1,628 2,345 2,563 1,708 2,612 3,343 3,365 5,801 9,502
Interest Bearing Deposits at Other Banks		 - - - - - - - 11,628 29,247 30,776 33,690
Trading Account Securities		 89,190 92,127 97,621 97,180 111,887 130,783 129,243 107,255 97,877 99,107 105,705
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accrued Investment Income		 1,070 1,062 1,078 1,119 1,148 1,257 1,189 1,253 1,082 1,108 1,122
Mortgage Servicing Rights		 8,678 9,889 10,762 13,260 16,339 16,763 17,991 18,301 18,963 21,083 22,472
Deferred Acquisition Cost		 9,510 9,134 8,403 10,264 7,694 5,812 6,083 12,235 12,397 12,537 12,827
Separate Account Business Assets		 123,619 128,397 144,219 132,833 153,566 167,965 182,583 143,536 158,257 168,438 180,092
Goodwill		 2,273 2,273 1,368 1,782 1,778 1,778 1,778 1,144 1,144 1,144 1,144
Other Assets		 14,046 15,593 16,288 38,794 39,321 39,396 45,466 35,636 50,081 50,837 50,650
Total Liabilities & Shareholders' Equity		 251,908 261,627 281,763 298,147 334,761 365,948 386,945 334,331 372,413 390,831 417,204
Total Liabilities		 238,291 247,149 264,441 283,797 315,072 343,249 366,191 329,229 365,520 382,562 406,298
Short-Term Debt		 - 0.00 450 0.00 300 0.00 300 500 250 300 400
Long-Term Debt		 10,210 10,340 9,311 10,644 11,149 12,904 15,271 12,667 13,804 15,876 13,820
Future Policy Benefits		 20,708 21,576 22,887 34,648 36,420 40,814 41,030 38,826 39,864 39,807 42,077
Participating Policy Holder Equity		 77,362 78,903 80,209 91,233 98,018 105,405 111,710 114,435 120,737 126,197 136,245
Separate Account Business Liabilities		 123,619 128,397 144,219 132,833 153,566 167,965 182,583 143,536 158,257 168,438 180,092
Other Long-Term Liabilities		 6,392 7,933 7,365 14,439 15,619 16,161 15,297 19,265 32,608 31,944 33,664
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 13,617 14,478 17,322 14,350 19,689 22,699 20,754 5,102 6,893 8,269 10,906
Total Preferred & Common Equity		 13,617 14,478 17,322 14,350 19,689 22,699 20,754 5,102 6,893 8,269 10,906
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 986 986 986 986
Total Common Equity		 13,617 14,478 17,322 14,350 19,689 22,699 20,754 4,116 5,907 7,283 9,920
Common Stock		 6,298 5,869 5,693 5,392 5,162 5,082 4,735 4,544 4,605 4,674 5,592
Retained Earnings		 6,474 7,043 8,399 8,551 8,854 8,686 9,578 5,924 4,778 7,645 8,386
Accumulated Other Comprehensive Income / (Loss)		 845 1,566 3,230 407 5,673 8,931 6,441 -6,352 -3,476 -5,036 -4,058

Quarterly Balance Sheets for Lincoln National

This table presents Lincoln National's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025
Total Assets		 324,683 343,142 348,612 338,411 383,381 384,533 396,840 382,898 399,065 415,275
Cash and Due from Banks		 1,472 3,766 3,768 2,529 4,122 5,475 6,013 4,284 7,143 10,668
Interest Bearing Deposits at Other Banks		 - - - - 28,904 29,888 30,501 31,048 31,754 33,066
Trading Account Securities		 105,260 109,621 109,391 106,765 98,704 98,278 102,703 98,475 99,985 103,502
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accrued Investment Income		 1,283 1,277 1,277 1,372 1,127 1,135 1,160 1,134 1,136 1,172
Mortgage Servicing Rights		 18,066 18,327 18,460 18,751 19,266 20,152 20,856 21,558 21,996 22,230
Deferred Acquisition Cost		 13,676 12,277 12,316 12,341 12,405 12,435 12,475 12,563 12,604 12,681
Separate Account Business Assets		 137,295 148,421 153,246 145,810 166,225 165,199 171,483 162,506 172,942 179,860
Goodwill		 1,144 1,144 1,144 1,144 1,144 1,144 1,144 1,144 1,144 1,144
Other Assets		 45,904 48,309 49,010 49,699 51,484 50,827 50,505 50,186 50,361 50,952
Total Liabilities & Shareholders' Equity		 324,683 343,142 348,612 338,411 383,381 384,533 396,840 382,898 399,065 415,275
Total Liabilities		 322,466 336,410 342,793 335,212 375,835 376,584 387,827 374,705 389,517 404,823
Short-Term Debt		 500 500 500 0.00 503 450 300 0.00 0.00 0.00
Long-Term Debt		 12,824 12,777 13,016 13,951 15,843 16,830 16,467 14,150 14,233 16,925
Future Policy Benefits		 41,716 39,757 39,711 39,362 38,848 38,560 41,169 40,665 41,053 41,852
Participating Policy Holder Equity		 118,174 116,167 117,598 117,210 122,300 124,113 125,968 125,262 129,209 133,223
Separate Account Business Liabilities		 137,295 148,421 153,246 145,810 166,225 165,199 171,483 162,506 172,942 179,860
Other Long-Term Liabilities		 11,957 18,788 18,722 18,879 32,116 31,432 32,440 32,122 32,080 32,963
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 2,217 6,732 5,819 3,199 7,546 7,949 9,013 8,193 9,548 10,452
Total Preferred & Common Equity		 2,217 6,732 5,819 3,199 7,546 7,949 9,013 8,193 9,548 10,452
Preferred Stock		 0.00 986 986 986 986 986 986 986 986 986
Total Common Equity		 2,217 5,746 4,833 2,213 6,560 6,963 8,027 7,207 8,562 9,466
Common Stock		 4,534 4,560 4,575 4,591 4,624 4,641 4,660 4,703 5,545 5,574
Retained Earnings		 6,311 4,940 5,362 6,102 5,887 6,691 6,049 6,810 7,409 7,731
Accumulated Other Comprehensive Income / (Loss)		 -8,628 -3,754 -5,104 -8,480 -3,951 -4,369 -2,682 -4,306 -4,392 -3,839

Annual Metrics And Ratios for Lincoln National

This table displays calculated financial ratios and metrics derived from Lincoln National's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $4.60 $5.09 $9.36 $7.60 $4.41 $2.58 $7.50 ($13.02) ($4.92) $18.66 $5.94
Adjusted Weighted Average Basic Shares Outstanding		 240.96M 225.21M 218.26M 204.29M 195.37M 191.96M 172.45M 169.22M 169.67M 170.40M 190.09M
Adjusted Diluted Earnings per Share		 $4.51 $5.03 $9.22 $7.40 $4.38 $2.56 $7.43 ($13.10) ($4.92) $18.41 $5.83
Adjusted Weighted Average Diluted Shares Outstanding		 240.96M 225.21M 218.26M 204.29M 195.37M 191.96M 172.45M 169.22M 169.67M 170.40M 190.09M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $4.41 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 240.96M 225.21M 218.26M 204.29M 195.37M 191.96M 172.45M 169.22M 169.67M 170.40M 190.09M
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

Quarterly Metrics And Ratios for Lincoln National

This table displays calculated financial ratios and metrics derived from Lincoln National's official financial filings.

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.95 $4.82 ($7.34) $6.98 $5.18 ($3.29) $9.79 ($4.41) $3.88 $2.15 $4.32
Adjusted Weighted Average Basic Shares Outstanding		 169.64M 169.66M 169.67M 170.03M 170.20M 170.34M 170.40M 170.73M 189.58M 189.94M 190.09M
Adjusted Diluted Earnings per Share		 $2.94 $4.79 ($7.28) $6.93 $5.11 ($3.29) $9.66 ($4.41) $3.80 $2.12 $4.32
Adjusted Weighted Average Diluted Shares Outstanding		 169.64M 169.66M 169.67M 170.03M 170.20M 170.34M 170.40M 170.73M 189.58M 189.94M 190.09M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 169.64M 169.66M 169.67M 170.03M 170.20M 170.34M 170.40M 170.73M 189.58M 189.94M 190.09M
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

Financials Breakdown Chart

Key Financial Trends

Here are the key trends for Lincoln National (LNC) drawn from the last four years of quarterly statements provided (primarily 2022–2025). The focus is on notable movements in revenue, profitability, cash flow, and balance-sheet scale that may matter to retail investors.

  • Total Revenue in Q4 2025 was 5.001 billion, indicating a strong end-of-year top line and continued scale vs prior quarters.
  • Net Income attributable to common shareholders in Q4 2025 was 743 million, showing quarterly profitability improvement versus the prior quarter.
  • Net Interest Income turned positive in Q4 2025 at 79 million, contributing to earnings in the latest quarter.
  • Net Realized & Unrealized Capital Gains on Investments in Q4 2025 were 1.655 billion, boosting non-interest income through investment results.
  • Premiums Earned in Q4 2025 were 1.671 billion, supporting non-interest revenue alongside underwriting activities.
  • Total Non-Interest Income in Q4 2025 was 4.922 billion, reflecting a diversified revenue mix beyond core underwriting.
  • Net Cash From Financing Activities in Q4 2025 was 2.514 billion, signaling liquidity generated via financing actions during the quarter.
  • Total Assets in Q3 2025 rose to 415.275 billion, showcasing asset growth and scale for the insurer.
  • Separate Account Business Assets stood at 179.86 billion in Q3 2025, a very large asset pool characteristic of the business model (neutral in impact but notable in size).
  • Total Liabilities stood at 404.823 billion in Q3 2025, indicating higher policyholder obligations and related liabilities (neutral in the sense of scale, but a structural factor to monitor).
05/06/26 07:31 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Lincoln National's Financials

When does Lincoln National's fiscal year end?

According to the most recent income statement we have on file, Lincoln National's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

How has Lincoln National's net income changed over the last 10 years?
The last 5 years of Lincoln National's net income performance:
  • 2021: $3.78 billion
  • 2022: $1.36 billion
  • 2023: -$752 million
  • 2024: $3.28 billion
  • 2025: $1.18 billion
Find out what analysts predict for Lincoln National in the coming months.
How has Lincoln National's revenue changed over the last 10 years?

Over the last 10 years, Lincoln National's total revenue changed from $13.57 billion in 2015 to $18.21 billion in 2025, a change of 34.2%.

How much debt does Lincoln National have?

Lincoln National's total liabilities were at $406.30 billion at the end of 2025, a 6.2% increase from 2024, and a 70.5% increase since 2015.

How much cash does Lincoln National have?

In the past 10 years, Lincoln National's cash and equivalents has ranged from $1.63 billion in 2017 to $9.50 billion in 2025, and is currently $9.50 billion as of their latest financial filing in 2025.


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Financial statements for NYSE:LNC last updated on 2/22/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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