Lincoln National CorpLNC

NYSEFinanceLife Insurance
Price (close)
$41.39
Market cap
$7.9B
P/E
3.4x
Revenue (TTM)
$19.3B
Net income
$2.4B
Dividend yield
4.35%
1-year total return
7.8%
Net margin
12.2%
Revenue growth
7.9%
Debt / equity
0.60x

What Lincoln National Corp does.

Lincoln National Corporation (“LNC,” which also may be referred to as “Lincoln,” “we,” “our” or “us”) is a holding company that operates multiple insurance and retirement businesses through subsidiary companies. Through our business segments, we sell a wide range of wealth accumulation, wealth protection, group protection and retirement income products and solutions. LNC was organized under the laws of the state of Indiana in 1968. We currently maintain our principal executive offices in Radnor, Pennsylvania. “Lincoln Financial” is the marketing name for LNC and its subsidiary companies.

We also have Other Operations, which includes the financial results for operations that are not directly related to the business segments.

The results of Lincoln Financial Distributors (“LFD”), our wholesale distributor, are included in the segments for which it distributes products. LFD distributes our individual life insurance and annuity products, retirement plan products and services and corporate-owned universal life insurance and variable universal life insurance (“COLI”) and bank-owned universal life insurance and variable universal life insurance (“BOLI”) products and services. The distribution occurs through financial intermediaries, including consultants, brokers, planners, agents, financial advisers, third-party administrators (“TPAs”), financial institutions and other intermediaries. Group Protection distributes its products and services primarily through employee benefit brokers, TPAs and other employee benefit firms. As of December 31, 2025, LFD had approximately 450 internal and external wholesalers (including sales and relationship managers).

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue$17.4B$17.7B$18.8B$11.6B$18.4B$18.2B
Net income$499.0M$3.8B$1.4B-$752.0M$3.3B$1.2B

More on LNC.

Figures from Lincoln National Corp's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.