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Lincoln National Corp
NYSE:LNC

Watchlist Manager
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Lincoln National Corp
NYSE:LNC
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Price: 32.61 USD 0.06% Market Closed
Market Cap: $6.2B
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Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Income Statement
Lincoln National Corp

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Income Statement
Currency: USD
Mar-2002 Jun-2002 Sep-2002 Dec-2002 Mar-2003 Jun-2003 Sep-2003 Dec-2003 Mar-2004 Jun-2004 Sep-2004 Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025 Dec-2025
Revenue
Interest Expense
111
104
98
97
95
93
96
95
95
96
94
100
100
97
477
87
853
1 486
1 783
228
1 488
906
273
284
297
289
289
281
207
202
202
197
265
273
280
291
295
298
303
294
290
285
273
0
199
197
196
265
268
270
270
267
277
287
295
303
302
301
284
373
401
395
406
298
323
325
327
317
292
290
334
339
324
338
289
290
281
262
263
264
264
267
271
283
300
316
329
331
330
332
334
336
335
0
0
0
Gross Premiums Earned
3 329
2 966
2 554
2 283
2 237
2 211
2 249
2 289
2 354
2 461
2 535
2 570
3 161
3 883
4 615
2 776
5 594
6 653
7 700
4 943
10 129
10 350
7 293
5 492
5 177
4 049
5 882
5 629
5 446
5 264
5 428
5 467
5 599
5 725
5 785
5 943
6 022
6 177
6 299
6 283
6 386
6 409
6 588
6 763
6 757
6 903
7 022
7 350
7 588
7 824
8 077
8 695
8 874
9 018
9 343
8 896
8 916
8 885
8 679
8 795
8 911
9 083
9 182
9 437
9 499
9 969
10 689
11 198
11 909
12 186
12 552
12 645
12 643
12 563
12 423
12 442
12 572
12 849
13 155
13 337
13 260
13 069
12 617
12 906
12 578
12 705
12 739
10 077
10 104
10 057
10 026
12 648
12 669
12 730
12 826
12 936
Revenue
5 805
N/A
5 364
-8%
4 918
-8%
4 635
-6%
4 609
-1%
4 665
+1%
4 770
+2%
5 284
+11%
5 444
+3%
5 589
+3%
5 726
+2%
5 351
-7%
5 431
+2%
5 447
+0%
5 436
0%
5 475
+1%
5 578
+2%
6 699
+20%
7 791
+16%
8 879
+14%
10 161
+14%
10 336
+2%
10 450
+1%
9 614
-8%
10 362
+8%
10 184
-2%
10 049
-1%
9 224
-8%
9 910
+7%
9 519
-4%
9 283
-2%
9 166
-1%
9 426
+3%
9 940
+5%
10 422
+5%
10 662
+2%
10 806
+1%
11 044
+2%
10 888
-1%
10 810
-1%
10 750
-1%
10 836
+1%
11 267
+4%
11 688
+4%
11 793
+1%
11 871
+1%
11 913
+0%
12 039
+1%
12 365
+3%
12 632
+2%
13 019
+3%
13 570
+4%
13 721
+1%
13 832
+1%
14 169
+2%
13 657
-4%
13 623
0%
13 573
0%
13 344
-2%
13 452
+1%
13 724
+2%
13 971
+2%
13 979
+0%
14 273
+2%
14 370
+1%
14 805
+3%
15 552
+5%
16 462
+6%
16 821
+2%
17 107
+2%
17 469
+2%
17 273
-1%
17 725
+3%
16 928
-4%
17 649
+4%
17 439
-1%
17 548
+1%
18 882
+8%
18 762
-1%
19 862
+6%
21 406
+8%
21 655
+1%
21 884
+1%
18 766
-14%
17 942
-4%
17 794
-1%
17 955
+1%
13 909
-23%
16 737
+20%
16 490
-1%
14 315
-13%
20 537
+43%
17 912
-13%
18 191
+2%
19 633
+8%
18 598
-5%
Operating Income
Operating Expenses
(5 055)
(4 778)
(4 728)
(4 593)
(4 622)
(4 544)
(4 227)
(4 141)
(4 122)
(4 200)
(4 200)
(4 215)
(4 267)
(4 307)
(3 932)
(4 313)
(4 339)
(3 794)
(4 432)
(6 873)
(7 877)
(8 025)
(8 148)
(7 655)
(8 348)
(8 348)
(8 192)
(8 699)
(8 857)
(8 660)
(8 686)
(8 042)
(8 013)
(8 342)
(8 625)
(8 981)
(8 989)
(9 110)
(9 188)
(9 097)
(9 213)
(9 276)
(9 431)
(9 674)
(9 830)
(9 957)
(9 989)
(10 073)
(10 285)
(10 447)
(10 690)
(11 290)
(11 486)
(11 670)
(12 318)
(11 869)
(11 937)
(11 903)
(11 352)
(11 521)
(11 548)
(11 692)
(11 786)
(11 897)
(12 005)
(12 521)
(13 242)
(14 184)
(14 729)
(15 045)
(16 149)
(15 934)
(16 645)
(16 421)
(16 477)
(16 638)
(16 547)
(16 960)
(16 923)
(17 242)
(17 216)
(17 179)
(19 242)
(20 512)
(19 799)
(20 068)
(17 064)
(14 539)
(14 728)
(14 610)
(14 204)
(16 721)
(16 033)
(16 659)
(16 881)
(16 973)
Selling, General & Administrative
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(1 627)
0
0
0
(1 791)
0
0
0
(1 845)
0
0
0
(1 979)
0
0
0
(2 079)
0
0
0
(2 108)
0
0
0
(2 162)
0
0
0
(2 105)
0
0
0
(2 204)
0
0
0
(2 503)
(13)
(26)
(39)
(2 875)
0
0
0
(2 635)
0
0
0
(2 783)
0
0
0
(2 754)
0
0
0
(2 907)
0
0
0
(2 957)
0
0
0
(2 647)
Depreciation & Amortization
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(4)
0
0
0
(4)
0
0
0
(4)
0
0
0
(4)
0
0
0
(4)
0
0
0
(4)
0
0
0
(4)
0
0
0
(4)
(1)
(2)
(3)
(4)
(3)
(3)
(4)
(9)
(21)
(39)
(52)
(93)
0
0
0
(90)
0
0
0
(75)
0
0
0
(60)
0
0
0
(46)
0
0
0
(96)
0
0
0
(148)
Benefits Claims Loss Adjustment
(5 055)
(4 778)
(4 728)
(4 593)
(4 622)
(4 539)
(4 222)
(4 141)
(4 122)
(4 194)
(4 194)
(4 215)
(4 267)
(2 534)
(1 677)
(4 313)
(832)
(2 109)
(2 500)
(6 873)
(7 938)
(9 392)
(10 878)
(7 655)
(8 348)
(8 348)
(8 192)
(8 699)
(8 857)
(8 660)
(8 686)
(6 404)
(8 013)
(8 342)
(8 625)
(7 152)
(8 989)
(9 110)
(9 188)
(7 201)
(9 213)
(9 276)
(9 431)
(7 635)
(9 830)
(9 957)
(9 989)
(7 926)
(10 285)
(10 447)
(10 690)
(9 110)
(11 486)
(11 670)
(12 318)
(9 630)
(11 937)
(11 903)
(11 352)
(9 332)
(11 547)
(11 690)
(11 783)
(9 602)
(12 002)
(12 518)
(13 238)
(11 588)
(14 695)
(14 980)
(16 058)
(12 878)
(16 556)
(16 364)
(16 448)
(13 913)
(16 547)
(16 960)
(16 923)
(14 282)
(17 210)
(17 173)
(19 242)
(17 590)
(19 165)
(19 434)
(17 064)
(11 472)
(14 728)
(14 610)
(14 204)
(13 543)
(16 615)
(16 657)
(16 881)
(13 997)
Other Operating Expenses
0
0
0
0
0
(6)
(6)
0
0
(6)
(6)
0
0
(1 773)
(2 254)
0
(3 508)
(1 686)
(1 932)
0
61
1 367
2 730
0
0
0
0
0
0
0
0
(7)
0
0
0
(34)
0
0
0
(47)
0
0
0
(56)
0
0
0
(64)
0
0
0
(68)
0
0
0
(73)
0
0
0
(80)
0
0
0
(87)
0
0
0
(84)
0
0
0
(88)
(89)
(57)
(29)
0
0
0
0
(102)
(6)
(6)
0
(108)
(634)
(634)
0
(114)
0
0
0
(125)
582
0
0
(181)
Operating Income
750
N/A
586
-22%
190
-68%
43
-77%
(13)
N/A
120
N/A
543
+351%
1 143
+111%
1 321
+16%
1 389
+5%
1 526
+10%
1 136
-26%
1 165
+3%
1 140
-2%
1 504
+32%
1 162
-23%
1 239
+7%
2 905
+134%
3 359
+16%
2 006
-40%
2 284
+14%
2 312
+1%
2 302
0%
1 959
-15%
2 015
+3%
1 837
-9%
1 857
+1%
525
-72%
1 053
+100%
859
-18%
598
-30%
1 124
+88%
1 414
+26%
1 598
+13%
1 797
+12%
1 681
-6%
1 817
+8%
1 934
+6%
1 700
-12%
1 713
+1%
1 537
-10%
1 560
+1%
1 836
+18%
2 014
+10%
1 963
-3%
1 914
-2%
1 924
+1%
1 966
+2%
2 080
+6%
2 185
+5%
2 329
+7%
2 280
-2%
2 235
-2%
2 162
-3%
1 851
-14%
1 788
-3%
1 686
-6%
1 670
-1%
1 992
+19%
1 931
-3%
2 176
+13%
2 279
+5%
2 193
-4%
2 376
+8%
2 365
0%
2 284
-3%
2 310
+1%
2 278
-1%
2 092
-8%
2 062
-1%
1 320
-36%
1 339
+1%
1 080
-19%
507
-53%
1 172
+131%
801
-32%
1 001
+25%
1 922
+92%
1 839
-4%
2 620
+42%
4 190
+60%
4 476
+7%
2 642
-41%
(1 746)
N/A
(1 857)
-6%
(2 274)
-22%
891
N/A
(630)
N/A
2 009
N/A
1 880
-6%
111
-94%
3 816
+3 338%
1 879
-51%
1 532
-18%
2 752
+80%
1 625
-41%
Pre-Tax Income
Interest Income Expense
(111)
(104)
(98)
(97)
(95)
(94)
(96)
(95)
(95)
(96)
(94)
(100)
(100)
(97)
(477)
(87)
(87)
(1 486)
(1 783)
(228)
(264)
(272)
(273)
(284)
(297)
(289)
(289)
(281)
(207)
(202)
(202)
(197)
(265)
(273)
(280)
(291)
(295)
(298)
(303)
(294)
(290)
(285)
(273)
0
(199)
(197)
(196)
(265)
(268)
(270)
(270)
(267)
(277)
(288)
(296)
(304)
(305)
(303)
(286)
(363)
(391)
(385)
(396)
(280)
(305)
(307)
(309)
(310)
(285)
(283)
(325)
(339)
(325)
(339)
(292)
(290)
(281)
(262)
(263)
(264)
(264)
(267)
(271)
(283)
(300)
(316)
(329)
(331)
(330)
(332)
(334)
(336)
(335)
(236)
(229)
(227)
Non-Reccuring Items
0
0
0
0
(6)
0
0
0
(6)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(175)
(570)
(381)
(2 046)
(2 091)
(1 842)
(1 448)
(658)
(450)
(403)
(255)
(208)
(243)
(153)
(916)
(865)
(860)
(884)
(173)
(129)
(106)
(93)
(70)
(59)
(43)
(28)
(16)
(25)
(29)
(43)
(54)
(77)
(98)
(93)
(102)
(71)
(47)
(42)
(923)
(921)
(918)
(912)
(7)
(13)
(16)
(16)
(15)
(7)
(3)
(1)
(20)
0
0
(6)
(20)
0
0
(634)
(634)
0
0
0
(34)
0
584
582
542
0
0
0
(60)
Total Other Income
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(273)
(70)
(70)
(70)
0
0
0
0
0
0
0
0
0
0
0
0
(8)
(17)
(31)
(41)
(43)
(49)
(51)
(59)
(76)
(76)
(75)
(73)
(66)
(62)
(61)
(65)
(68)
(70)
(77)
(79)
(87)
(104)
(127)
(149)
(167)
(161)
(158)
(150)
(153)
(129)
(88)
(52)
0
0
0
0
0
Pre-Tax Income
639
N/A
482
-25%
91
-81%
(54)
N/A
(114)
-111%
27
N/A
446
+1 565%
1 048
+135%
1 221
+16%
1 293
+6%
1 432
+11%
1 036
-28%
1 065
+3%
1 043
-2%
1 028
-1%
1 075
+5%
1 152
+7%
1 419
+23%
1 576
+11%
1 778
+13%
2 020
+14%
2 040
+1%
2 029
-1%
1 675
-17%
1 718
+3%
1 373
-20%
998
-27%
(137)
N/A
(1 200)
-776%
(1 434)
-19%
(1 446)
-1%
(521)
+64%
490
N/A
875
+78%
1 115
+28%
1 135
+2%
1 315
+16%
1 393
+6%
1 244
-11%
503
-60%
382
-24%
415
+9%
679
+64%
1 568
+131%
1 565
0%
1 541
-2%
1 565
+2%
1 631
+4%
1 753
+7%
1 872
+7%
2 031
+8%
1 997
-2%
1 933
-3%
1 845
-5%
1 512
-18%
1 430
-5%
1 304
-9%
1 269
-3%
1 613
+27%
1 458
-10%
1 697
+16%
1 816
+7%
1 714
-6%
1 130
-34%
1 090
-4%
1 008
-8%
1 030
+2%
1 885
+83%
1 718
-9%
1 688
-2%
906
-46%
919
+1%
686
-25%
104
-85%
814
+683%
423
-48%
650
+54%
1 583
+144%
1 491
-6%
2 249
+51%
3 822
+70%
4 082
+7%
1 588
-61%
(2 830)
N/A
(2 318)
+18%
(2 748)
-19%
412
N/A
(1 148)
N/A
1 550
N/A
2 044
+32%
307
-85%
4 022
+1 210%
1 544
-62%
1 296
-16%
2 523
+95%
1 338
-47%
Net Income
Tax Provision
(112)
(59)
76
103
119
72
(78)
(280)
(340)
(368)
(441)
(304)
(310)
(277)
(232)
(244)
(279)
(395)
(417)
(483)
(558)
(557)
(587)
(476)
(503)
(416)
(265)
127
322
437
430
106
(63)
(187)
(261)
(262)
(306)
(333)
(279)
(274)
(222)
(238)
(255)
(282)
(284)
(264)
(351)
(387)
(419)
(457)
(514)
(483)
(448)
(414)
(293)
(276)
(242)
(226)
(330)
(266)
(277)
(310)
(257)
(351)
(392)
(336)
(254)
(263)
(198)
(190)
(91)
(50)
(17)
108
(43)
39
(15)
(212)
(200)
(362)
(678)
(740)
(340)
589
493
594
63
396
(199)
(309)
47
(747)
(212)
(160)
(414)
(161)
Income from Continuing Operations
527
422
167
49
5
99
369
767
881
925
991
732
756
766
795
831
873
1 024
1 160
1 295
1 462
1 483
1 442
1 199
1 215
957
733
(10)
(878)
(998)
(1 016)
(415)
427
688
854
873
1 009
1 060
966
229
160
177
424
1 286
1 281
1 277
1 214
1 244
1 334
1 415
1 517
1 514
1 485
1 431
1 219
1 154
1 062
1 043
1 283
1 192
1 420
1 506
1 457
779
698
672
776
1 622
1 520
1 498
815
869
669
212
771
462
635
1 371
1 291
1 887
3 144
3 342
1 248
(2 241)
(1 825)
(2 154)
475
(752)
1 351
1 735
354
3 275
1 332
1 136
2 109
1 177
Income to Minority Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(0)
(0)
(0)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Net Income (Common)
516
N/A
422
-18%
167
-60%
49
-71%
5
-90%
99
+2 004%
369
+273%
512
+39%
601
+17%
645
+7%
711
+10%
707
-1%
756
+7%
766
+1%
795
+4%
831
+4%
873
+5%
1 024
+17%
1 160
+13%
1 316
+13%
1 491
+13%
1 518
+2%
1 484
-2%
1 215
-18%
1 108
-9%
857
-23%
674
-21%
57
-92%
(812)
N/A
(1 098)
-35%
(1 109)
-1%
(520)
+53%
325
N/A
591
+82%
699
+18%
735
+5%
859
+17%
1 058
+23%
958
-9%
221
-77%
150
-32%
168
+12%
451
+168%
1 313
+191%
1 309
0%
1 305
0%
1 214
-7%
1 244
+2%
1 334
+7%
1 415
+6%
1 517
+7%
1 515
0%
1 486
-2%
1 432
-4%
1 220
-15%
1 154
-5%
1 062
-8%
1 043
-2%
1 283
+23%
1 192
-7%
1 420
+19%
1 506
+6%
1 457
-3%
2 079
+43%
2 011
-3%
1 985
-1%
2 057
+4%
1 641
-20%
1 526
-7%
1 504
-1%
853
-43%
886
+4%
686
-23%
229
-67%
788
+244%
499
-37%
672
+35%
1 408
+110%
1 328
-6%
1 887
+42%
3 143
+67%
3 334
+6%
1 239
-63%
(2 241)
N/A
(1 861)
+17%
(2 192)
-18%
404
N/A
(835)
N/A
1 267
N/A
1 649
+30%
268
-84%
3 187
+1 089%
1 242
-61%
1 046
-16%
2 019
+93%
1 086
-46%
EPS (Diluted)
2.71
N/A
2.24
-17%
0.92
-59%
0.26
-72%
0.03
-88%
0.57
+1 800%
2.06
+261%
2.86
+39%
3.31
+16%
3.57
+8%
4
+12%
3.94
-2%
4.28
+9%
4.3
+0%
4.51
+5%
4.72
+5%
4.9
+4%
3.59
-27%
4.1
+14%
5.14
+25%
5.33
+4%
5.53
+4%
5.34
-3%
4.43
-17%
4.21
-5%
3.29
-22%
2.73
-17%
0.22
-92%
-3.17
N/A
-4.22
-33%
-3.57
+15%
-1.85
+48%
1.04
N/A
1.87
+80%
2.14
+14%
2.3
+7%
2.65
+15%
3.3
+25%
2.66
-19%
0.7
-74%
0.5
-29%
0.56
+12%
1.58
+182%
4.55
+188%
4.69
+3%
4.76
+1%
4.43
-7%
4.52
+2%
4.89
+8%
5.26
+8%
5.68
+8%
5.65
-1%
5.7
+1%
5.61
-2%
4.81
-14%
4.53
-6%
4.33
-4%
4.34
+0%
5.49
+26%
5.03
-8%
6.17
+23%
6.62
+7%
6.5
-2%
9.19
+41%
9.04
-2%
8.95
-1%
9.41
+5%
7.45
-21%
7.4
-1%
7.41
+0%
4.28
-42%
4.38
+2%
3.47
-21%
1.18
-66%
4.03
+242%
2.57
-36%
3.48
+35%
7.32
+110%
7.02
-4%
9.98
+42%
17.8
+78%
19.32
+9%
7.29
-62%
-13.1
N/A
-10.95
+16%
-12.84
-17%
2.36
N/A
-4.92
N/A
7.37
N/A
9.53
+29%
1.56
-84%
18.41
+1 080%
7.24
-61%
5.79
-20%
10.39
+79%
5.84
-44%

See Also

Summary
LNC intrinsic value, competitors valuation, and company profile.
DCF Valuation
LNC stock valuation using Discount Cash Flow valuation method.
Relative Valuation
LNC stock valuation using valuation multiples.
Wall Street Estimates
LNC price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
LNC stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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