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Lincoln National LNC Other investments

Other investments at other companies

Coastal Financial logo
Coastal FinancialCCB
$14.18M+13.2%
Coastal Financial logo
Coastal FinancialCCB
$14.18M+13.2%
Ivanhoe Electric logo
Ivanhoe ElectricIE
$1.36M-50.8%
Valley National Bank logo
Valley National BankVLY
$27.37M+60.2%
The Carlyle Group logo
The Carlyle GroupCG
$233.6M-0.9%
The Carlyle Group logo
The Carlyle GroupCG
$233.6M-0.9%

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$8.81B+21.6%
Enterprise value$7.84B+33.5%
P/E5.1×-1.3×
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 lnc:GrossInvestmentIncomeIncludingDerivativesOperating.

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 itemFor the Years Ended December 31, 2025For the Years Ended December 31, 2024For the Years Ended December 31, 2023
Policy loans10495103
Cash and invested cash287194129
Commercial mortgage loan prepayment
and bond make-whole premiums231510
Other investments522308234
Investment income6,3825,8606,224
Investment expense(307)(316)(324)
Net investment income$6,075$5,544$5,900

Item 8. Financial Statements and Supplementary Data

FAQ

What is Lincoln National's other investments?
Lincoln National (LNC) reported other investments of $130.5M in Q4 2025.
How has Lincoln National's other investments changed year-over-year?
Lincoln National's other investments increased by 69.5% year-over-year, from $77M to $130.5M.
What is the long-term trend for Lincoln National's other investments?
Over 4 years (2021 to 2025), Lincoln National's other investments has grown at a 69.0% compound annual growth rate (CAGR), from $64M to $522M.
What does other investments mean?
Captures the total income generated from the company's investment portfolio, including interest, dividends, and derivative-related gains before deducting investment expenses. It serves as a primary indicator of the portfolio's ability to support insurance liabilities and generate core earnings.

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