LINCOLN NATIONAL CORP
LINCOLN NATIONAL CORP
Insider Sentiment (TTM):
Last Purchase:2026-03-13Last Sale:2026-06-05Shares Purchased (TTM):2,300Shares Sold (TTM):79,569
Institutional Sentiment:
As of:2026-03-31Institutional Shares Owned:146,520,215Shares Outstanding:191,891,461Institutional Ownership Pct.:76.36%
Earnings Market Reaction:
Filing Date:2026-07-30Price on Filing Date:N/APrevious Close:N/A% Change:N/A
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Financial Statements
Values in Millions ($) | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Financial statements beyond 3 years are for subscribers only. Unlock 17+ years of income statements, balance sheets, and cash flow statements Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Available For Sale Securities Debt Securities | - | - | - | - | - | - | - | - | - | - | - | 97,804 | |||||
Series C Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |||||
Series D Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |||||
Assets | |||||||||||||||||
Debt Securities Available For Sale Excluding Accru… | 95,085 | 94,200 | 93,448 | 90,680 | 89,386 | 88,297 | 87,111 | 90,682 | 87,174 | 87,764 | 88,738 | - | |||||
Trading Securities Debt | 1,515 | 1,552 | 1,676 | 1,853 | 1,909 | 1,984 | 2,025 | 2,206 | 2,201 | 2,227 | 2,359 | 2,788 | |||||
Equity Securities Fv Ni | 456 | 475 | 636 | 542 | 341 | 345 | 294 | 293 | 295 | 319 | 306 | 383 | |||||
Notes Receivable Net | - | - | - | - | - | - | - | - | - | - | - | 18,751 | |||||
Financing Receivable Excluding Accrued Interest Af… | 23,406 | 22,825 | 22,472 | 22,230 | 21,996 | 21,558 | 21,083 | 20,856 | 20,152 | 19,266 | 18,963 | - | |||||
Loans Insurance Policy | 2,596 | 2,606 | 2,626 | 2,584 | 2,552 | 2,529 | 2,476 | 2,510 | 2,513 | 2,476 | 2,476 | 2,428 | |||||
Derivative Assets | 11,382 | 8,337 | 9,945 | 10,427 | 8,349 | 7,849 | 9,677 | 9,522 | 8,608 | 8,394 | 6,474 | 5,790 | |||||
Other Investments | 8,870 | 8,742 | 8,105 | 7,786 | 6,611 | 6,653 | 7,252 | 5,743 | 5,652 | 5,256 | 5,015 | 4,551 | |||||
Investments | 143,310 | 138,737 | 138,908 | 136,102 | 131,144 | 129,215 | 129,918 | 131,812 | 126,595 | 125,702 | 124,331 | 132,495 | |||||
Deferred Policy Acquisition Costs And Value Of Bus… | - | - | - | - | - | - | - | - | - | - | - | 12,341 | |||||
Cash And Cash Equivalents At Carrying Value | 10,165 | 7,345 | 9,502 | 10,668 | 7,143 | 4,284 | 5,801 | 6,013 | 5,475 | 4,122 | 3,365 | 2,529 | |||||
Reinsurance Recoverables | 27,225 | 27,688 | 28,012 | 28,665 | 28,440 | 28,580 | 28,750 | 29,233 | 29,126 | 29,461 | 29,843 | 18,389 | |||||
Deposit Assets | 33,619 | 33,597 | 33,690 | 33,066 | 31,754 | 31,048 | 30,776 | 30,501 | 29,888 | 28,904 | 29,247 | - | |||||
Market Risk Benefit Asset Amount | 5,077 | 4,303 | 4,753 | 4,694 | 4,577 | 4,157 | 4,860 | 4,565 | 4,754 | 4,878 | 3,894 | 4,108 | |||||
Accrued Investment Income Receivable | 1,169 | 1,170 | 1,122 | 1,172 | 1,136 | 1,134 | 1,108 | 1,160 | 1,135 | 1,127 | 1,082 | 1,372 | |||||
Goodwill | 1,144 | 1,144 | 1,144 | 1,144 | 1,144 | 1,144 | 1,144 | 1,144 | 1,144 | 1,144 | 1,144 | 1,144 | |||||
Other Assets | 6,918 | 7,248 | 7,154 | 7,223 | 8,181 | 8,267 | 7,499 | 8,454 | 8,782 | 9,413 | 8,853 | 20,223 | |||||
Separate Account Assets | 188,252 | 172,043 | 180,092 | 179,860 | 172,942 | 162,506 | 168,438 | 171,483 | 165,199 | 166,225 | 158,257 | 145,810 | |||||
Assets | 429,797 | 406,161 | 417,204 | 415,275 | 399,065 | 382,898 | 390,831 | 396,840 | 384,533 | 383,381 | 372,413 | 338,411 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Policyholder Funds | 139,510 | 135,683 | 136,245 | 133,223 | 129,209 | 125,262 | 126,197 | 125,968 | 124,113 | 122,300 | 120,737 | 117,210 | |||||
Liability For Future Policy Benefits And Unpaid Cl… | 42,177 | 42,010 | 42,077 | 41,852 | 41,053 | 40,665 | 39,807 | 41,169 | 38,560 | 38,848 | 39,864 | 39,362 | |||||
Funds Held Under Reinsurance Agreements Liability | 16,808 | 17,564 | 17,922 | 17,559 | 16,700 | 16,838 | 16,907 | 17,595 | 17,044 | 17,486 | 17,641 | - | |||||
Market Risk Benefit Liability Amount | 895 | 1,127 | 1,118 | 1,190 | 1,205 | 1,306 | 1,046 | 1,272 | 1,275 | 1,266 | 1,716 | 1,385 | |||||
Deposits Received For Securities Loaned At Carryin… | 9,232 | 6,556 | 7,954 | 11,153 | 8,466 | 8,282 | 10,020 | 10,570 | 11,114 | 10,117 | 8,105 | 8,046 | |||||
Liabilities | |||||||||||||||||
Liabilities | 418,448 | 395,949 | 406,298 | 404,823 | 389,517 | 374,705 | 382,562 | 387,827 | 376,584 | 375,835 | 365,520 | 335,212 | |||||
Debt Current | - | - | 400 | - | - | - | 300 | - | - | - | 250 | - | |||||
Short Term Borrowings | 400 | 400 | - | 0 | 0 | 0 | - | 300 | 450 | 503 | - | - | |||||
Long Term Debt | 6,465 | 5,969 | - | 5,772 | 5,767 | 5,868 | - | 5,897 | 5,716 | 5,726 | - | - | |||||
Other Liabilities | 6,650 | 6,793 | 7,038 | 6,865 | 7,056 | 7,068 | 7,261 | 7,056 | 6,807 | 7,265 | 7,350 | 11,841 | |||||
Separate Accounts Liability | 188,252 | 172,043 | 180,092 | 179,860 | 172,942 | 162,506 | 168,438 | 171,483 | 165,199 | 166,225 | 158,257 | 145,810 | |||||
Common Stock Value Outstanding | 5,619 | 5,602 | 5,592 | 5,574 | 5,545 | 4,703 | 4,674 | 4,660 | 4,641 | 4,624 | 4,605 | 4,591 | |||||
Retained Earnings Accumulated Deficit | 9,322 | 8,091 | 8,386 | 7,731 | 7,409 | 6,810 | 7,645 | 6,049 | 6,691 | 5,887 | 4,778 | 6,102 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -4,578 | -4,467 | -4,058 | -3,839 | -4,392 | -4,306 | -5,036 | -2,682 | -4,369 | -3,951 | -3,476 | -8,480 | |||||
Stockholders Equity | 11,349 | 10,212 | 10,906 | 10,452 | 9,548 | 8,193 | 8,269 | 9,013 | 7,949 | 7,546 | 6,893 | 3,199 | |||||
Available For Sale Debt Securities Amortized Cost … | - | - | - | - | - | - | - | - | - | - | - | 112,034 | |||||
Debt Securities Available For Sale Allowance For C… | - | - | - | - | - | - | - | - | - | - | - | 21 | |||||
Liabilities And Stockholders Equity | 429,797 | 406,161 | 417,204 | 415,275 | 399,065 | 382,898 | 390,831 | 396,840 | 384,533 | 383,381 | 372,413 | 338,411 | |||||
Available For Sale Securi… | |||||||||||||||||
Investments | |||||||||||||||||
Debt Securities Available… | |||||||||||||||||
Debt Securities Available For Sale Amortized Cost … | 103,761 | 103,424 | 101,462 | 98,632 | 98,529 | 97,795 | 97,415 | 97,688 | 97,723 | 97,546 | 97,433 | - | |||||
Debt Securities Available For Sale Amortized Cost … | 139 | 111 | 110 | 97 | 85 | 74 | 46 | 48 | 39 | 21 | 19 | 21 | |||||
Receivables Fair Value Di… | |||||||||||||||||
Loans Receivable Fair Value Disclosure | 195 | 198 | 199 | 230 | 232 | 232 | 232 | 263 | 258 | 289 | 288 | 315 | |||||
Preferred Stock Shares Authorized | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | |||||
Preferred Stock Shares Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Preferred Stock Shares Outstanding | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Shares Authorized | 800 | 800 | 800 | 800 | 800 | 800 | 800 | 800 | 800 | 800 | 800 | 800 | |||||
Common Stock Shares Issued | 191 | 191 | 190 | 190 | 190 | 171 | 170 | 170 | 170 | 170 | 170 | 170 | |||||
Shares Outstanding | 191 | 191 | 190 | 190 | 190 | 171 | 170 | 170 | 170 | 170 | 170 | 170 | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.81% | 2.17% | 16.41% | - | - | - | - | - | - | - | - | - |
| 2025 | -0.69% | 3.60% | 5.76% | 10.05% | 8.27% | 2.28% | -1.87% | 13.57% | 1.56% | -18.68% | -13.60% | -9.56% |
| 2024 | 21.28% | 18.72% | 20.25% | -7.14% | -6.23% | -0.24% | 1.70% | -10.79% | -3.28% | -3.89% | -20.35% | -9.96% |
| 2023 | - | - | - | -9.03% | -12.00% | -19.94% | 4.07% | 17.78% | 20.85% | 0.15% | 6.09% | 9.96% |
Earnings Market Reaction data beyond 3 years is for subscribers only. Unlock the full earnings market reaction history Start 7-day free trial | ||||||||||||
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Performance and Valuation Metrics
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Metrics | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Metric history beyond 3 years is for subscribers only. Unlock 17+ years of history across 90+ calculated metrics Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Leverage & Debt | |||||||||||||||||
| Interest Coverage TTM | - | - | 16.59 | 16.28 | 6.21 | 5.61 | 12.97 | 1.90 | 7.15 | 5.69 | -2.47 | -8.54 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 11.72 | 8.50 | 5.84 | 10.67 | 6.28 | 7.65 | 18.92 | 2.00 | 9.99 | 7.83 | -4.40 | -13.69 | |||||
| Free Cash Flow Per Share TTM | -6.89 | 1.27 | -0.91 | -0.93 | 5.28 | -5.46 | -11.76 | -23.99 | -23.58 | -15.54 | -12.23 | 4.80 | |||||
| Dividend Per Share TTM | 1.78 | 1.74 | 1.78 | 1.66 | 1.73 | 1.79 | 1.80 | 1.79 | 1.79 | 1.79 | 1.80 | 1.80 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 59.26% | 57.79% | 56.29% | 56.64% | 55.50% | 58.02% | 57.07% | 61.28% | 60.02% | 51.03% | 47.29% | 12.35% | |||||
| Operating Profit Margin TTM | 14.68% | 10.84% | 7.35% | 13.75% | 7.24% | 8.12% | 21.81% | 2.18% | 14.42% | 12.97% | -9.86% | -21.06% | |||||
| Net Profit Margin TTM | 11.92% | 8.87% | 5.96% | 11.30% | 6.34% | 7.00% | 17.76% | 2.46% | 12.19% | 11.26% | -6.46% | -15.87% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 7.91% | -1.00% | -1.25% | 30.35% | 26.37% | 59.18% | 58.37% | -4.50% | -6.84% | -33.11% | -37.95% | -27.03% | |||||
| Net Income Growth (1Y) | 102.91% | 25.47% | -66.84% | 499.42% | -34.28% | -1.04% | -535.51% | -114.79% | -134.76% | -129.04% | -66.44% | -287.72% | |||||
| EPS Growth (1Y) | 86.40% | 12.02% | -69.03% | 436.43% | -36.71% | -1.78% | -532.87% | -114.69% | -134.54% | -128.93% | -66.15% | -287.79% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 2.93 | 3.98 | 7.23 | 3.54 | 5.09 | 4.30 | 1.51 | 14.05 | 2.74 | 3.54 | -5.25 | -1.52 | |||||
| P/B TTM | 0.59 | 0.65 | 0.72 | 0.70 | 0.61 | 0.70 | 0.60 | 0.54 | 0.59 | 0.63 | 0.57 | 1.11 | |||||
| P/S TTM | 0.35 | 0.35 | 0.43 | 0.40 | 0.32 | 0.30 | 0.27 | 0.35 | 0.33 | 0.40 | 0.34 | 0.24 | |||||
| Market Cap | 6.74B | 6.65B | 7.86B | 7.35B | 5.78B | 5.72B | 4.96B | 4.86B | 4.72B | 4.76B | 3.95B | 3.55B | |||||
| Enterprise Value | 3.44B | 5.67B | -1.25B | 2.45B | 4.40B | 7.30B | -544.23M | 5.05B | 5.41B | 6.87B | 833.22M | 1.02B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | -1.33B | 243.00M | -167.00M | -178.00M | 936.00M | -936.00M | -2.01B | -4.10B | -4.02B | -2.64B | -2.07B | 815.00M | |||||
| Net Debt | -3.30B | -976.00M | -9.10B | -4.90B | -1.38B | 1.58B | -5.50B | 184.00M | 691.00M | 2.11B | -3.12B | -2.53B | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
| NCAV | |||||||||||||||||
| NCAV Per Share TTM | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| PEG Ratio | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
| EV Revenue TTM | |||||||||||||||||
| EV FCF TTM | |||||||||||||||||
| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
2026-06-05Sale
Owner: Beazer, Craigt T
Title: EVP & General Counsel
Shares: 30,000
Price/Share: $34.45
Value: $1,033,500.00
Shares Owned: 103,906
Relationship: Officer
Ownership: Direct
2026-06-01Sale
Owner: Woodroffe, Sean
Title: EVP, Ch Ppl Comms Ent Srvc Off
Shares: 25,000
Price/Share: $34.75
Value: $868,750.00
Shares Owned: 130,189
Relationship: Officer
Ownership: Direct
2026-03-13Purchase
Owner: Charters, Jennifer
Title: EVP, Chief Information Officer
Shares: 300
Price/Share: $32.61
Value: $9,783.00
Shares Owned: 37,796
Relationship: Officer
Ownership: Direct
2026-03-09Sale
Owner: Woodroffe, Sean
Title: EVP, Ch Ppl Comms Ent Srvc Off
Shares: 8,000
Price/Share: $32.74
Value: $261,920.00
Shares Owned: 198,159
Relationship: Officer
Ownership: Direct
2026-03-02Sale
Owner: Woodroffe, Sean
Title: EVP, Ch Ppl Comms Ent Srvc Off
Shares: 10,000
Price/Share: $34.46
Value: $344,600.00
Shares Owned: 206,159
Relationship: Officer
Ownership: Direct
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Institutional Ownership
No data available for chart
2026-03-31
76.36%
Inst. Shares: 146,520,215
Shares Outstanding: 191,891,461
2025-12-31
79.75%
Inst. Shares: 145,676,494
Shares Outstanding: 182,674,725
2025-09-30
64.86%
Inst. Shares: 123,777,955
Shares Outstanding: 190,826,396
2025-06-30
68.82%
Inst. Shares: 121,927,762
Shares Outstanding: 177,175,326
2025-03-31
70.26%
Inst. Shares: 120,365,279
Shares Outstanding: 171,321,440
LINCOLN NATIONAL CORP (LNC) — SEC Financial Statements & Analysis
LINCOLN NATIONAL CORP (LNC) is a life insurance company, incorporated in IN. LINCOLN NATIONAL CORP trades on NYSE as: LNC, LNC-PD. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), LINCOLN NATIONAL CORP reported a 7.91% year-over-year revenue growth, a Gross Profit Margin of 59.26% (TTM), a Price-to-Sales (P/S) ratio of 0.35x (TTM), a Price-to-Book (P/B) ratio of 0.59x (TTM), at a market cap of $6.74B. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 7.91%
- Gross Profit Margin TTM
- 59.26%
- P/S TTM
- 0.35x
- P/B TTM
- 0.59x
- Market Cap
- $6.74B
Data as of 2026-06-30 · Source: SEC EDGAR
Frequently Asked Questions
What industry is LINCOLN NATIONAL CORP in?
LINCOLN NATIONAL CORP (LNC) operates in the Life Insurance industry.
What is LNC's market cap?
LINCOLN NATIONAL CORP (LNC) has a market capitalization of $6.74B as of 2026-06-30.
What is LNC's P/E ratio?
LINCOLN NATIONAL CORP (LNC)'s trailing twelve month P/E ratio is 2.93x as of 2026-06-30.
What exchange does LNC trade on?
LINCOLN NATIONAL CORP (LNC) trades on the NYSE.
Where is LINCOLN NATIONAL CORP incorporated?
LINCOLN NATIONAL CORP is incorporated in IN.