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Lincoln National Corporation

$43.84 -$1.17 (-2.60%)
NYSE · 11 Sep 2026 20:00 UTC
Previous Close
$43.56
Day Range
$42.91$44.5
Year Range
$32.18$47.67
Market Cap
8.39B
AVG Volume
1.91M
Trailing/Forward PE
3.65/5.02
PEG ratio
0.37
Dividend Yield
4.11%
Next Earnings Date
2026-10-29
Primary Exchange
New York Stock ExchangeUS
Revenue (USD)
05B10B15B20B2016201720182019202020212022202320242025
LNC Revenue (USD) by year
PeriodRevenue (USD)
202518.29B
202417.99B
202311.71B
202219.27B
202119.13B
202017.62B
201917.25B
201816.42B
201714.24B
201613.32B
Net Income (USD)
-2B02B4B2016201720182019202020212022202320242025
LNC Net Income (USD) by year
PeriodNet Income (USD)
20251.18B
20243.28B
2023-752M
2022552M
20211.41B
2020499M
2019886M
20181.64B
20172.08B
20161.2B
Operating Income (USD)
-2B02B4B6B2016201720182019202020212022202320242025
LNC Operating Income (USD) by year
PeriodOperating Income (USD)
20251.34B
20244.02B
2023-1.15B
2022706M
20211.64B
2020422M
2019920M
20181.89B
20171.13B
20161.46B
EBITDA (USD)
-2B02B4B6B2016201720182019202020212022202320242025
LNC EBITDA (USD) by year
PeriodEBITDA (USD)
20251.58B
20244.36B
2023-816M
2022989M
20211.91B
2020706M
20191.25B
20182.18B
20171.38B
20161.79B
Cash Flows (USD)
-4B-2B02B4B2016201720182019202020212022202320242025
LNC Cash Flows (USD) by year
PeriodCash Flows (USD)
2025-167M
2024-2.01B
2023-2.07B
20223.65B
2021151M
2020534M
2019-2.69B
20181.94B
2017788M
20161.27B
EPS (USD)
-10010202016201720182019202020212022202320242025
LNC EPS (USD) by year
PeriodEPS (USD)
20255.32
202418.38
2023-4.81
2022-8.33
20217.38
20202.52
20194.36
20187.38
20179.24
20165
Expenses (USD)
-400M-300M-200M-100M02016201720182019202020212022202320242025
LNC Expenses (USD) by year
PeriodExpenses (USD)
20250
20240
20230
20220
20210
20200
20190
2018-357M
20170
20160
Cash & Debt (USD)
050B100B150BCashLong Term DebtShort Term Debt2016201720182019202020212022202320242025
LNC Cash & Debt (USD) by year
PeriodCash & Debt (USD)
202546.4B
202426.72B
202392.1B
2022103.08B
2021121.32B
2020124.75B
2019107.76B
201896.37B
201796.71B
201692.21B
Debt ratios
-40-30-20-10020182019202020212022202320242025
LNC Debt ratios by year
PeriodDebt ratios
2025-6.54
2024-3.16
2023-30.86
2022-19.9
2021-18.98
2020-21.41
2019-15.39
2018-12.83
Margins
-10%0%10%20%30%2016201720182019202020212022202320242025
LNC Margins by year
PeriodMargins
202519.98%
202424.77%
2023-1.9%
202213.43%
202125.59%
202019%
201920.66%
201826.16%
201728.58%
201628.04%
Return on Capital
-20%0%20%40%2016201720182019202020212022202320242025
LNC Return on Capital by year
PeriodReturn on Capital
202510.78%
202439.62%
2023-10.91%
202210.82%
20216.77%
20202.2%
20194.5%
201811.44%
201712%
20168.26%
Shares Outstanding
0100M200M300M2016201720182019202020212022202320242025
LNC Shares Outstanding by year
PeriodShares Outstanding
2025191.07M
2024170.9M
2023169.66M
2022169.22M
2021177.19M
2020192.33M
2019196.67M
2018205.86M
2017218.09M
2016226.34M
Dividends (USD)
00.511.522017201820192020202120222023202420252026
LNC Dividends (USD) by year
PeriodDividends (USD)
20261.8
20251.8
20241.8
20231.8
20221.8
20211.68
20201.6
20191.48
20181.32
20171.16
Employee Count
05K10K15K2016201720182019202020212022202320242025
LNC Employee Count by year
PeriodEmployee Count
20259.42K
20249.78K
202311.02K
202211.32K
202110.85K
202010.97K
201911.36K
201811.03K
20179.05K
20169.06K
Book Value Per Share (USD)
0501001502016201720182019202020212022202320242025
LNC Book Value Per Share (USD) by year
PeriodBook Value Per Share (USD)
202557.08
202448.39
202340.63
202230.15
2021117.13
2020118.02
2019100.11
201869.71
201779.43
201663.97
Total Assets (USD)
0200B400B600B2016201720182019202020212022202320242025
LNC Total Assets (USD) by year
PeriodTotal Assets (USD)
2025417.2B
2024390.83B
2023372.41B
2022334.22B
2021386.94B
2020365.95B
2019334.76B
2018298.15B
2017281.76B
2016261.63B
PE Ratio
05101520med 4.29Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
LNC PE Ratio by year
PeriodPE Ratio
Sep 263.58
Sep 263.72
Aug 263.54
Aug 263.45
Aug 263.72
Aug 263.76
Jul 263.73
Jul 264.58
Jul 264.68
Jul 264.4
Jul 264.1
Jun 264.06
Jun 264.11
Jun 264.13
Jun 263.85
May 263.91
May 263.99
May 263.8
May 263.96
May 266.1
Apr 266.01
Apr 265.99
Apr 265.56
Apr 265.67
Mar 265.55
Mar 265.49
Mar 265.3
Mar 265.53
Feb 265.57
Feb 266.48
Feb 263.7
Feb 263.65
Jan 263.76
Jan 263.65
Jan 263.7
Jan 263.96
Jan 264.07
Dec 254.14
Dec 254.18
Dec 254.08
Dec 253.87
Nov 253.72
Nov 253.61
Nov 253.71
Nov 253.72
Oct 253.8
Oct 256.23
Oct 256.01
Oct 255.93
Oct 256.41
Sep 256.34
Sep 256.44
Sep 256.57
Sep 256.57
Aug 256.7
Aug 256.54
Aug 256.33
Aug 255.95
Aug 255.75
Jul 254.48
Jul 254.44
Jul 254.38
Jul 254.47
Jun 254.45
Jun 254.25
Jun 254.18
Jun 254.3
May 254.26
May 254.16
May 254.43
May 254.29
May 251.73
Apr 251.66
Apr 251.58
Apr 251.54
Apr 251.56
Mar 251.86
Mar 251.87
Mar 251.88
Mar 251.86
Feb 252.03
Feb 251.96
Feb 2518.86
Feb 2517.87
Jan 2516.96
Jan 2516.04
Jan 2515.98
Jan 2514.5
Jan 2515.62
Dec 2415.36
Dec 2414.96
Dec 2415.9
Dec 2416.55
Nov 2417.15
Nov 2417.05
Nov 2417.06
Nov 2416.82
Nov 2416.17
Oct 243.15
Oct 243.29
Free Cash Flow Yield
-100%-75%-50%-25%0%25%med -2.58%Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
LNC Free Cash Flow Yield by year
PeriodFree Cash Flow Yield
Sep 26-15.71%
Sep 26-15.14%
Aug 26-15.91%
Aug 26-16.34%
Aug 26-15.15%
Aug 26-14.96%
Jul 26-15.1%
Jul 263.07%
Jul 263.01%
Jul 263.2%
Jul 263.44%
Jun 263.46%
Jun 263.42%
Jun 263.41%
Jun 263.66%
May 263.6%
May 263.53%
May 263.7%
May 263.55%
May 26-2.33%
Apr 26-2.36%
Apr 26-2.37%
Apr 26-2.56%
Apr 26-2.51%
Mar 26-2.56%
Mar 26-2.59%
Mar 26-2.68%
Mar 26-2.57%
Feb 26-2.55%
Feb 26-2.19%
Feb 26-2.28%
Feb 26-2.31%
Jan 26-2.24%
Jan 26-2.31%
Jan 26-2.28%
Jan 26-2.13%
Jan 26-2.07%
Dec 25-2.04%
Dec 25-2.02%
Dec 25-2.07%
Dec 25-2.18%
Nov 25-2.27%
Nov 25-2.34%
Nov 25-2.27%
Nov 25-2.27%
Oct 25-2.22%
Oct 2513.23%
Oct 2513.71%
Oct 2513.89%
Oct 2512.86%
Sep 2512.99%
Sep 2512.8%
Sep 2512.53%
Sep 2512.55%
Aug 2512.31%
Aug 2512.6%
Aug 2513.02%
Aug 2513.84%
Aug 2514.33%
Jul 25-15.69%
Jul 25-15.81%
Jul 25-16.04%
Jul 25-15.71%
Jun 25-15.8%
Jun 25-16.55%
Jun 25-16.83%
Jun 25-16.35%
May 25-16.49%
May 25-16.87%
May 25-15.87%
May 25-16.38%
May 25-35.45%
Apr 25-37.01%
Apr 25-38.8%
Apr 25-39.81%
Apr 25-39.18%
Mar 25-32.91%
Mar 25-32.7%
Mar 25-32.54%
Mar 25-32.99%
Feb 25-30.11%
Feb 25-31.27%
Feb 25-61.36%
Feb 25-64.76%
Jan 25-68.22%
Jan 25-72.14%
Jan 25-72.4%
Jan 25-79.8%
Jan 25-74.1%
Dec 24-75.36%
Dec 24-77.38%
Dec 24-72.8%
Dec 24-69.91%
Nov 24-67.49%
Nov 24-67.88%
Nov 24-67.86%
Nov 24-68.81%
Nov 24-71.56%
Oct 24-73.66%
Oct 24-70.43%
Price to Sales
0.20.30.40.5med 0.4Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
LNC Price to Sales by year
PeriodPrice to Sales
Sep 260.44
Sep 260.45
Aug 260.43
Aug 260.42
Aug 260.45
Aug 260.46
Jul 260.45
Jul 260.42
Jul 260.43
Jul 260.4
Jul 260.37
Jun 260.37
Jun 260.38
Jun 260.38
Jun 260.35
May 260.36
May 260.36
May 260.35
May 260.36
May 260.39
Apr 260.39
Apr 260.39
Apr 260.36
Apr 260.36
Mar 260.36
Mar 260.35
Mar 260.34
Mar 260.36
Feb 260.36
Feb 260.42
Feb 260.42
Feb 260.42
Jan 260.43
Jan 260.42
Jan 260.42
Jan 260.45
Jan 260.47
Dec 250.47
Dec 250.48
Dec 250.47
Dec 250.44
Nov 250.43
Nov 250.41
Nov 250.42
Nov 250.43
Oct 250.43
Oct 250.39
Oct 250.38
Oct 250.37
Oct 250.4
Sep 250.4
Sep 250.4
Sep 250.41
Sep 250.41
Aug 250.42
Aug 250.41
Aug 250.4
Aug 250.37
Aug 250.36
Jul 250.32
Jul 250.32
Jul 250.31
Jul 250.32
Jun 250.32
Jun 250.3
Jun 250.3
Jun 250.31
May 250.31
May 250.3
May 250.32
May 250.31
May 250.31
Apr 250.3
Apr 250.29
Apr 250.28
Apr 250.28
Mar 250.34
Mar 250.34
Mar 250.34
Mar 250.34
Feb 250.37
Feb 250.36
Feb 250.49
Feb 250.46
Jan 250.44
Jan 250.42
Jan 250.42
Jan 250.38
Jan 250.41
Dec 240.4
Dec 240.39
Dec 240.41
Dec 240.43
Nov 240.45
Nov 240.44
Nov 240.44
Nov 240.44
Nov 240.42
Oct 240.4
Oct 240.42
EV/EBITDA
-30-20-100med -13.39Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
LNC EV/EBITDA by year
PeriodEV/EBITDA
Sep 26-11.71
Sep 26-11.61
Aug 26-11.75
Aug 26-11.81
Aug 26-11.61
Aug 26-11.58
Jul 26-11.6
Jul 26-13.32
Jul 26-13.24
Jul 26-13.45
Jul 26-13.68
Jun 26-13.71
Jun 26-13.67
Jun 26-13.66
Jun 26-13.87
May 26-13.83
May 26-13.76
May 26-13.9
May 26-13.78
May 26-20.78
Apr 26-20.85
Apr 26-20.86
Apr 26-21.18
Apr 26-21.1
Mar 26-21.19
Mar 26-21.23
Mar 26-21.38
Mar 26-21.2
Feb 26-21.17
Feb 26-20.49
Feb 26-11.8
Feb 26-11.83
Jan 26-11.74
Jan 26-11.83
Jan 26-11.79
Jan 26-11.6
Jan 26-11.51
Dec 25-11.46
Dec 25-11.43
Dec 25-11.51
Dec 25-11.67
Nov 25-11.78
Nov 25-11.86
Nov 25-11.78
Nov 25-11.78
Oct 25-11.72
Oct 25-17.8
Oct 25-17.96
Oct 25-18.01
Oct 25-17.66
Sep 25-17.71
Sep 25-17.64
Sep 25-17.54
Sep 25-17.55
Aug 25-17.45
Aug 25-17.57
Aug 25-17.72
Aug 25-18
Aug 25-18.15
Jul 25-7.87
Jul 25-7.9
Jul 25-7.94
Jul 25-7.88
Jun 25-7.9
Jun 25-8.04
Jun 25-8.09
Jun 25-8
May 25-8.03
May 25-8.1
May 25-7.91
May 25-8.01
May 25-3.37
Apr 25-3.43
Apr 25-3.49
Apr 25-3.52
Apr 25-3.5
Mar 25-3.27
Mar 25-3.26
Mar 25-3.26
Mar 25-3.28
Feb 25-3.14
Feb 25-3.2
Feb 25-23.43
Feb 25-23.98
Jan 25-24.48
Jan 25-24.99
Jan 25-25.02
Jan 25-25.84
Jan 25-25.22
Dec 24-25.36
Dec 24-25.59
Dec 24-25.07
Dec 24-24.7
Nov 24-24.38
Nov 24-24.43
Nov 24-24.43
Nov 24-24.56
Nov 24-24.91
Oct 24-6.31
Oct 24-6.2
Price/Operating Cashflow
010203040med 3.9Nov 22Mar 23Jun 23Sep 23Jan 24Oct 25Jul 26
LNC Price/Operating Cashflow by year
PeriodPrice/Operating Cashflow
Jul 2632.52
Jul 2633.21
Jul 2631.24
Jul 2629.09
Jun 2628.87
Jun 2629.23
Jun 2629.33
Jun 2627.32
May 2627.75
May 2628.33
May 2627.02
May 2628.15
Oct 257.56
Oct 257.3
Oct 257.2
Oct 257.78
Sep 257.7
Sep 257.81
Sep 257.98
Sep 257.97
Aug 258.13
Aug 257.94
Aug 257.68
Aug 257.22
Aug 256.98
Feb 2410.72
Feb 2410.05
Feb 2410.46
Jan 2411.12
Jan 2410.77
Jan 2410.88
Jan 2411.03
Dec 2310.57
Dec 2310.67
Dec 2310.9
Dec 239.53
Dec 239.45
Nov 239.43
Nov 239.32
Nov 238.62
Nov 239.62
Oct 233.49
Oct 233.6
Oct 233.78
Oct 233.78
Sep 234.04
Sep 234.03
Sep 234.26
Sep 234.2
Sep 234.29
Aug 234.17
Aug 234.21
Aug 234.38
Aug 234.4
Jul 231.96
Jul 231.91
Jul 231.86
Jul 231.84
Jun 231.81
Jun 231.68
Jun 231.72
Jun 231.63
Jun 231.58
May 231.51
May 231.48
May 231.35
May 230.95
Apr 231.01
Apr 230.97
Apr 230.97
Apr 230.95
Mar 231.04
Mar 231.15
Mar 231.12
Mar 231.42
Mar 231.74
Feb 231.76
Feb 231.87
Feb 231.87
Feb 231.95
Jan 231.9
Jan 231.76
Jan 231.74
Jan 231.77
Dec 221.7
Dec 221.67
Dec 221.61
Dec 221.75
Dec 222.15
Nov 222.15
Nov 222.09
Nov 221.95
Nov 221.9
Oct 223.37
Oct 223.14
Oct 222.97
Oct 222.92
Sep 222.74
Sep 222.78
Sep 222.99
Price to Book
0.50.60.70.80.9med 0.71Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
LNC Price to Book by year
PeriodPrice to Book
Sep 260.75
Sep 260.77
Aug 260.74
Aug 260.72
Aug 260.77
Aug 260.78
Jul 260.78
Jul 260.77
Jul 260.79
Jul 260.74
Jul 260.69
Jun 260.69
Jun 260.7
Jun 260.7
Jun 260.65
May 260.66
May 260.67
May 260.64
May 260.67
May 260.66
Apr 260.65
Apr 260.65
Apr 260.6
Apr 260.61
Mar 260.6
Mar 260.59
Mar 260.57
Mar 260.6
Feb 260.6
Feb 260.7
Feb 260.75
Feb 260.74
Jan 260.76
Jan 260.74
Jan 260.75
Jan 260.8
Jan 260.82
Dec 250.84
Dec 250.84
Dec 250.82
Dec 250.78
Nov 250.75
Nov 250.73
Nov 250.75
Nov 250.75
Oct 250.77
Oct 250.74
Oct 250.72
Oct 250.71
Oct 250.76
Sep 250.75
Sep 250.77
Sep 250.78
Sep 250.78
Aug 250.8
Aug 250.78
Aug 250.75
Aug 250.71
Aug 250.68
Jul 250.73
Jul 250.72
Jul 250.71
Jul 250.73
Jun 250.72
Jun 250.69
Jun 250.68
Jun 250.7
May 250.69
May 250.68
May 250.72
May 250.7
May 250.68
Apr 250.66
Apr 250.63
Apr 250.61
Apr 250.62
Mar 250.74
Mar 250.74
Mar 250.75
Mar 250.74
Feb 250.81
Feb 250.78
Feb 250.74
Feb 250.7
Jan 250.67
Jan 250.63
Jan 250.63
Jan 250.57
Jan 250.61
Dec 240.6
Dec 240.59
Dec 240.62
Dec 240.65
Nov 240.67
Nov 240.67
Nov 240.67
Nov 240.66
Nov 240.64
Oct 240.69
Oct 240.72
Lincoln National Corporation
LNC
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News: LNC

Lincoln Financial Announces Expiration and Results of Cash Tender Offers for Its Series C and Series D Depositary Shares

businesswire.com · 9 Sep 2026

Lincoln Financial Announces Expiration and Results of Cash Tender Offers for Its Series C and Series D Depositary Shares

RADNOR, Pa.--(BUSINESS WIRE)--Lincoln Financial (NYSE: LNC) today announced the expiration and results of the previously announced concurrent but separate tender offers (each, an “Offer” and, together, the “Offers”) by Lincoln National Corporation (the “Company”) to purchase for cash up to $500 million in aggregate Liquidation Preference (as defined below) (such amount, the “Maximum Aggregate Liquidation Preference”) of its outstanding depositary shares, representing fractional interests in cer.

Is Lincoln National Corp (LNC) a Bargain After 4.7% Drop? GF Value Says Undervalued

gurufocus.com · 8 Sep 2026

Is Lincoln National Corp (LNC) a Bargain After 4.7% Drop? GF Value Says Undervalued

On September 08, 2026, Lincoln National Corp (LNC) shares fell 4.7% to $43.32, reflecting a challenging market environment amid a 52-week trading range of $32.1

Lincoln Financial Research Finds 78% of Families Haven't Discussed Life Insurance

gurufocus.com · 1 Sep 2026

Lincoln Financial Research Finds 78% of Families Haven't Discussed Life Insurance

For September's Life Insurance Awareness Month, Lincoln Financial has released [url="]new research[/url] that outlines key conversations adult children and agin

Lincoln Financial Research Finds 78% of Families Haven't Discussed Life Insurance

businesswire.com · 1 Sep 2026

Lincoln Financial Research Finds 78% of Families Haven't Discussed Life Insurance

RADNOR, Pa.--(BUSINESS WIRE)--For September's Life Insurance Awareness Month, Lincoln Financial has released new research that outlines key conversations adult children and aging parents may not be having related to coverage and family financial conversations. According to Lincoln Financial's Consumer Sentiment Tracker, 78% of families surveyed have not had an in-depth conversation about life insurance. Additionally, 60% of adult children believe their parents have life insurance coverage in pl.

Lincoln National Stock Gains 25% in 3 Months: Hold or Fold?

zacks.com · 31 Aug 2026

Lincoln National Stock Gains 25% in 3 Months: Hold or Fold?

LNC's 25% three-month gain reflects stronger annuity sales, improving Life Insurance results and capital strength, but market risks remain.

Zacks Industry Outlook Aviva, Reinsurance, Primerica, Voya and Lincoln National

zacks.com · 26 Aug 2026

Zacks Industry Outlook Aviva, Reinsurance, Primerica, Voya and Lincoln National

Aviva, Reinsurance, Primerica, Voya and Lincoln National have been highlighted in this Industry Outlook article.

5 Life Insurance Stocks to Watch Despite Low-Interest Rate Environment

zacks.com · 25 Aug 2026

5 Life Insurance Stocks to Watch Despite Low-Interest Rate Environment

Redesigning and repricing of products and services amid a low-rate environment are likely to help Zacks Life Insurance industry players like AVVIY, RGA, PRI, VOYA and LNC. These companies are investing heavily in digitization.

Americans Ready to Take Control of Financial Stress, Lincoln Financial Research Finds

gurufocus.com · 25 Aug 2026

Americans Ready to Take Control of Financial Stress, Lincoln Financial Research Finds

[url="]New research[/url] from Lincoln Financial (NYSE: LNC) shows that while more than half of Americans surveyed identify finances as a leading or major stres

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