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Lincoln National LNC Retirement Plan Services — Goodwill, Impairment Loss

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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$8.98B+20.1%
Enterprise value$8B+31.2%
P/E5.2×-1.4×
P/S0.5×+0.1×

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:GoodwillImpairmentLoss.

The source filing: Lincoln National’s 10-K, filed February 19, 2026.

Filed
Feb 19, 2026, 5:22 PM EST
Fiscal year
FY2025
Accession
0000059558-26-000016
Line itemGross Goodwillas of Beginning-of-YearAccumulated Impairmentas of Beginning-of-YearFor the Year Ended December 31, 2025 / Net Goodwillas of Beginning-of-YearFor the Year Ended December 31, 2025 / ImpairmentFor the Year Ended December 31, 2025 / Net Goodwill asof End-of-Year
Annuities$1,040$(600)$440$440
Group Protection684684684
Retirement Plan Services202020
Total goodwill$1,744$(600)$1,144$1,144

Item 8. Financial Statements and Supplementary Data

FAQ

What is Lincoln National's retirement plan services — goodwill, impairment loss?
Lincoln National (LNC) reported retirement plan services — goodwill, impairment loss of $0 in Q4 2025.
What does retirement plan services — goodwill, impairment loss mean?
The specific expense recognized during the period when the carrying amount of goodwill in the retirement services segment exceeds its implied fair value. This serves as a key indicator of potential deterioration in the competitive position or profitability of acquired business operations.

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