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Lincoln National LNC Operating revenues

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Segments

By segment

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Group Protection$1.55B+2.2%

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 lnc:OperatingRevenues.

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 itemAnnuitiesLife InsuranceGroup ProtectionRetirement Plan ServicesOther OperationsTotal
Operating revenues$1,283$1,628$1,554$346$57$4,868
Revenue adjustments from annuity and life
insurance product features30225327
Credit loss-related adjustments(4)(1)1(2)(14)(20)
Investment gains (losses)(4)(51)(1)14(42)
Changes in the fair value of reinsurance-
related embedded derivatives, trading
securities and certain mortgage loans(1)184(4)179

Item 1. Financial Statements

FAQ

What is Lincoln National's operating revenues?
Lincoln National (LNC) reported operating revenues of $4.87B in Q1 2026.
How has Lincoln National's operating revenues changed year-over-year?
Lincoln National's operating revenues increased by 3.9% year-over-year, from $4.69B to $4.87B.
What is the long-term trend for Lincoln National's operating revenues?
Over 3 years (2022 to 2025), Lincoln National's operating revenues has grown at a 2.0% compound annual growth rate (CAGR), from $17.96B to $19.09B.
What does operating revenues mean?
Represents the total revenue generated from core insurance and retirement business activities, excluding non-operating items like investment gains or losses. This metric serves as a primary indicator of the company's ability to generate top-line growth through its core product offerings.

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