LINCOLN NATIONAL CORP
About LINCOLN NATIONAL CORP
Lincoln National Corp operates multiple insurance and retirement businesses. The company's operating segment includes Annuities; Retirement Plan Services; Life Insurance and Group Protection. Its products include fixed and indexed annuities, variable annuities, universal life insurance (UL), variable universal life insurance (VUL), linked-benefit UL and VUL, indexed universal life insurance (IUL), term life insurance, employer-sponsored retirement plans and services, and group life, disability, and dental.
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Financial summary
- Revenue FY2025
- $18.2B
- Net income
- $1.2B
- Total assets
- $417.2B
- Market cap
- $6.6B
- Operating margin
- 7.3%
- Net margin
- 6.5%
Source: SEC EDGAR · updated Jun 8, 2026
Revenue & profit trend
Financial statements
Income statement
- Revenue
- $18.2B
- Operating expenses
- $16.9B
- Operating income
- $1.3B
- Income tax
- $161.0M
- Net income
- $1.2B
- EPS (basic)
- $5.94
- EPS (diluted)
- $5.83
Balance sheet
- Total assets
- $417.2B
- Current assets
- $417.2B
- Total liabilities
- $406.3B
- Current liabilities
- $406.3B
- Shareholders’ equity
- $10.9B
Cash flow
- Operating cash flow
- -$167.0M
- Investing cash flow
- -$4.0B
- Financing cash flow
- $7.9B
- Net cash flow
- $3.7B
Statements via Polygon.io (SEC filings)
15-minute delayed · data by Polygon.io
Past year
52-week range
- Market cap
- $6.6B
- P/E ratio
- 6.0
- EPS (diluted)
- $5.83
- Dividend yield
- 5.14%
- Shares outstanding
- 189.5M
- Open
- —
- Day range
- –
- Prev close
- —
- Volume
- —
- IPO date
- Aug 20, 1969
Market data by Polygon.io · prices are 15-minute delayed
At a glance
- Profitable — net income of $1.2B in FY2025.
- Revenue declined 5% from FY2021 to FY2025.
- Trading 25% below its 52-week high.
- Pays a dividend yielding about 5.14% annually.
- Valued at a price-to-earnings (P/E) ratio of 6.0.
Automatically generated from public filings and market data. Informational only — not investment advice or a recommendation to buy or sell any security.
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