Lincoln National Corp. (LNC) Financial Statements
Historical financial data — 42 statements covering FY2016–FY2025
Lincoln National Corp operates multiple insurance and retirement businesses. The company's operating segment includes Annuities; Retirement Plan Services; Life Insurance and Group Protection. Its p...
Lincoln National Corp.'s revenue decreased 1.2% year over year, from $18.44B to $18.21B.
Net income decreased 64.1% over the same period, from $3.27B to $1.18B.
Over the 9-year period from FY2016 to FY2025, revenue grew by 37% in total.
Total debt increased by 33.3% to $400.0M.
The debt-to-equity ratio stands at 0.04, indicating a conservative leverage profile.
Operating cash flow grew 91.7% to $-167.0M.
Lincoln National Corp. maintains a moderate net profit margin of 6.5%.
Recent Financial Statements
Quarterly figures are standalone quarters, de-cumulated from YTD filings (Q4 = FY − Q3 YTD when not reported).
| Period | Revenue | Net Income | EBIT | Op. Cash Flow | Total Assets | Total Debt | Equity |
|---|---|---|---|---|---|---|---|
| Q3 FY2024 | $4.11B-20.2% | $-528.0M | $-703.0M | $-27.0M | $396.84B | $6.20B | $9.01B |
| Q4 FY2024 | $5.06B+23.1% | $1.69B | $-973.0M | $222.0M | $390.83B | $300.0M | $8.27B |
| Q1 FY2025 | $4.69B-7.3% | $-722.0M | $366.0M | $-272.0M | $382.90B | $5.87B | $8.19B |
| Q2 FY2025 | $4.04B-13.8% | $699.0M | $-193.0M | $1.01B | $399.06B | $5.77B | $9.55B |
| Q3 FY2025 | $4.55B+12.6% | $446.0M | $250.0M | $-1.14B | $415.27B | $5.77B | $10.45B |
| Q4 FY2025 | $4.92B+8.1% | $754.0M | $915.0M | $233.0M | $417.20B | $400.0M | $10.91B |
| Q1 FY2026 | $5.31B+7.8% | $-172.0M | $783.0M | $138.0M | $406.16B | $6.71B | $10.21B |
| Q2 FY2026 | $4.54B-14.4% | $1.33B | $211.0M | $-558.0M | $429.80B | $7.24B | $11.35B |
Balance Sheet Summary (Q2 FY2026)
Lincoln National Corp. (LNC) Financial Statements & Revenue History
Lincoln National Corp. (LNC) is a US-listed stock operating in the Financial Services sector, specifically the Life Insurance industry trading at $39.90 with a market capitalization of $8. This page provides 42 historical financial statements for Lincoln National Corp., including income statement, balance sheet, and cash flow data across multiple reporting periods. Most recently, Lincoln National Corp. reported revenue of $18.2 billion, a 1.2% decline from the prior year. The net profit margin of 6.5% indicates moderate profitability. The debt-to-equity ratio of 0.04 shows conservative leverage.
LNC Income Statement, Balance Sheet & Cash Flow
The financial statements table above shows Lincoln National Corp.'s revenue, net income, gross profit, EBIT, operating cash flow, total assets, total debt, and shareholders' equity across the most recent reporting periods. Year-over-year growth rates help identify whether LNC is accelerating or decelerating in terms of top-line revenue and bottom-line profitability.
- Revenue trend: Track LNC's top-line growth across quarters and fiscal years to identify acceleration or deceleration in the business.
- Profitability: Net income and gross profit margins reveal how efficiently Lincoln National Corp. converts revenue into earnings.
- Balance sheet health: Total assets, liabilities, debt, and equity provide a snapshot of LNC's financial position and leverage.
- Cash flow: Operating cash flow shows how much cash the business generates from its core operations, which is critical for funding dividends, buybacks, and growth.
How to Use LNC Financial Data
Investors use Lincoln National Corp.'s financial statements to assess the company's financial health, growth trajectory, and valuation. Key metrics to focus on include:
- Revenue growth rate: Consistent double-digit revenue growth suggests a strong business; declining revenue may signal competitive pressure.
- Net profit margin: Higher margins indicate a more efficient business with pricing power. Compare LNC's margins to sector peers for context.
- Debt levels: High debt-to-equity ratios increase financial risk, especially in rising-rate environments. Low debt provides flexibility.
- Valuation multiples: See how LNC's P/E, P/S, and EV/EBITDA ratios compare to historical levels.
- Full analysis: View LNC's financial health score, earnings, and pre-market pricing.
Financial data is sourced from Lincoln National Corp.'s SEC filings (10-K, 10-Q) via Polygon.io and Finnhub.LNC trades on NYSE. This page is for informational purposes only and is not financial advice.