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Lincoln National LNC Q2 2025 earnings

Reported July 31, 2025 · Before market open

Revenue$4.1BMiss by $753.7M
EPS$2.36Beat by $0.45
Revenue estimate$4.8B
EPS estimate$1.91

Next report

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

Financials

Q2 2025

Income statement

See full
Revenue$4.0B-21.5%
Net income$699.0M-21.9%
EPS (diluted)$3.80-25.6%

Balance sheet

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Cash & equivalents$7.1B+30.5%
Total debt$5.8B-6.5%
Total equity$9.5B+20.1%
Total assets$399.07B+3.8%

Cash flow

See full
Operating cash flow$1.0B+218%

Valuation & ratios

Valuation

as of 06/30/25
See full
Market cap$5.66B+7.0%
Enterprise value$4.28B-28.4%
P/E+1.9×
P/S0.3×-0.1×

Profitability

See full
Net margin6.3%-5.9pp

Returns & leverage

See full
Return on equity13%-12.2pp
Debt / equity0.6×-0.2×

Segments

By segment

See full
Group Protection$1.5B+6.8%

Versus estimates

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Questions, answered.

When did Lincoln National report Q2 2025 earnings?
Lincoln National (LNC) reported Q2 2025 earnings on July 31, 2025 before market open.
What were Lincoln National's Q2 2025 revenue and EPS?
Lincoln National reported revenue of $4.1B and eps of $2.36 for Q2 2025.
Did Lincoln National beat estimates in Q2 2025?
Revenue missed the consensus estimate of $4.8B by $753.7M. EPS beat the consensus estimate of $1.91 by $0.45.
How did Lincoln National's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 15.7% from $4.8B a year earlier and eps grew 28.3% from $1.84.
Where can I find Lincoln National's Q2 2025 SEC filings?
You can read the 10-Q periodic report (0000059558-25-000082) directly on SEC EDGAR. The filing index links above go to sec.gov.