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Lincoln National LNC Annuities and life insurance — Premiums Earned, Net

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Other financials

Income statement

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

Balance sheet

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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

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Operating cash flow$138.0M+151%

Valuation

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Market cap$7.11B+10.3%
Enterprise value$6.13B-25.1%
P/E4.1×-0.7×
P/S0.4×0.0×

Profitability

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Net margin9.2%+2.2pp

Returns & leverage

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

Where this comes from

Reported directly by Lincoln National in its filing.

Tagged under the XBRL concept us-gaap:PremiumsEarnedNet.

The official record: Lincoln National’s 10-K, filed February 19, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lincoln National's annuities and life insurance — premiums earned, net?
Lincoln National (LNC) reported annuities and life insurance — premiums earned, net of $2.09B in Q4 2025.
How has Lincoln National's annuities and life insurance — premiums earned, net changed year-over-year?
Lincoln National's annuities and life insurance — premiums earned, net increased by 0.6% year-over-year, from $2.08B to $2.09B.
What is the long-term trend for Lincoln National's annuities and life insurance — premiums earned, net?
Over 4 years (2021 to 2025), Lincoln National's annuities and life insurance — premiums earned, net has grown at a -0.8% compound annual growth rate (CAGR), from $8.64B to $8.36B.
What does annuities and life insurance — premiums earned, net mean?
Net premiums earned represent the total revenue retained by the segment after accounting for both ceded reinsurance and assumed reinsurance activities. This is a critical measure of the core profitability and sustainable revenue generation capacity of the insurance business.