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Lincoln National

LNC

Lincoln National Corporation is a financial services holding company that operates multiple insurance and retirement businesses under the marketing name Lincoln Financial.

Market cap
$7.88B+34.9%
Revenue$18.8B-1.0%
Net income$1.7B+29.6%
EPS (diluted)$8.78+24.2%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 30, 2026 (Tomorrow)
Revenue estimate$4.9B
EPS estimate$2.00

Financials

Q1 2026

Income statement

See full
Revenue$5.3B+13.1%
Net income-$172.0M+76.2%
EPS (diluted)-$1.10+75.1%

Balance sheet

See full
Cash & equivalents$7.3B+71.5%
Total debt$6.4B+8.5%
Total equity$10.2B+24.6%
Total assets$406.16B+6.1%

Cash flow

See full
Operating cash flow$138.0M+151%

Valuation & ratios

Valuation

See full
Market cap$7.88B+34.9%
Enterprise value$6.9B+49.7%
P/E4.6×-0.7×
P/S0.4×+0.1×

Profitability

See full
Net margin9.2%+2.2pp

Returns & leverage

See full
Return on equity18.8%+1.8pp
Debt / equity0.6×-0.1×

Segments

By segment

See full
Group Protection$1.6B+2.4%

Competitors

Profile

Lincoln National Corporation is a financial services holding company that operates multiple insurance and retirement businesses under the marketing name Lincoln Financial. The company provides a broad suite of wealth accumulation, wealth protection, group protection, and retirement income solutions. Its core value proposition centers on helping customers manage market volatility and secure lifetime income through diversified insurance and investment products.

Competitive position

A leading provider in the U.S. annuities and life insurance markets with a strong emphasis on wholesale distribution and product innovation in guaranteed income.

GeographiesUnited States, Bermuda, Barbados
Customer segmentsRetail consumers, Enterprise employers, Financial institutions
Business modelB2B2C, Asset-based fees, Spread-based lending, Insurance premiums
SuppliersCapital markets, Technology providers, Medical data providers, Actuarial data
CustomersIndividual policyholders, Corporate employees, Institutional investors, Plan sponsors
Listed1969
Employees11.0K
CEOEllen R. Gail Cooper
FilingsSEC EDGAR

Questions, answered.

What is Lincoln National's market cap?
Lincoln National (LNC) has a market capitalization of $7.9B and trades on NYSE.
What is Lincoln National's revenue and profitability?
Lincoln National generated $18.8B in trailing twelve-month revenue with net income of $1.7B, representing a net margin of 9.2%. These figures are based on the Q1 2026 filing.
Who are Lincoln National's competitors?
Lincoln National's key competitors include MetLife, Prudential Financial, Equitable Holdings, and others. These companies compete in similar markets and product categories.
Who does Lincoln National partner with?
Lincoln National's notable partners include S&P Global, BlackRock, Fidelity Investments, and others.
What subsidiaries does Lincoln National have?
Lincoln National's subsidiaries include The Lincoln National Life Insurance Company, Lincoln Financial Distributors, Lincoln Pinehurst Reinsurance Company, and others.
Where is Lincoln National headquartered?
Lincoln National is headquartered in United States of America and employs approximately 11,024 people. It has been publicly traded since 1969.