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Lincoln National LNC Retirement Plan Services — Net investment income

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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$8.93B+19.5%
Enterprise value$7.96B+30.5%
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:NetInvestmentIncome.

The source filing: Lincoln National’s 10-Q, filed May 7, 2026.

Filed
May 7, 2026, 4:23 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000059558-26-000035
Line itemFor the Three Months Ended March 31, 20262025
Net Investment Income
Annuities$538$452
Life Insurance659626
Group Protection9689
Retirement Plan Services260251
Other Operations5244
Total net investment income$1,605$1,462

Item 1. Financial Statements

FAQ

What is Lincoln National's retirement plan services — net investment income?
Lincoln National (LNC) reported retirement plan services — net investment income of $260M in Q1 2026.
How has Lincoln National's retirement plan services — net investment income changed year-over-year?
Lincoln National's retirement plan services — net investment income increased by 3.6% year-over-year, from $251M to $260M.
What is the long-term trend for Lincoln National's retirement plan services — net investment income?
Over 4 years (2021 to 2025), Lincoln National's retirement plan services — net investment income has grown at a 0.8% compound annual growth rate (CAGR), from $991M to $1.02B.
What does retirement plan services — net investment income mean?
The income earned from the investment portfolio supporting the retirement plan services segment's liabilities, primarily derived from interest, dividends, and other investment returns. It is a critical indicator of the segment's ability to generate yield on assets held to meet long-term obligations to plan participants.

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