Lincoln National Corporation

NYSE:LNC Stock Report

Market Cap: US$5.5b

Lincoln National Past Earnings Performance

Past criteria checks 4/6

Lincoln National has been growing earnings at an average annual rate of 1.3%, while the Insurance industry saw earnings growing at 12.5% annually. Revenues have been declining at an average rate of 4.9% per year. Lincoln National's return on equity is 39.6%, and it has net margins of 17.7%.

Key information

1.3%

Earnings growth rate

3.6%

EPS growth rate

Insurance Industry Growth8.0%
Revenue growth rate-4.9%
Return on equity39.6%
Net Margin17.7%
Next Earnings Update08 May 2025

Recent past performance updates

Recent updates

Lincoln National: Insurance And Annuities Could Drive Business And Sustain Dividends

Mar 19

Lincoln National: We Have A Significant Potential Upside Going Into 2025-2027

Jan 13

Lincoln National (NYSE:LNC) Is Paying Out A Dividend Of $0.45

Dec 02
Lincoln National (NYSE:LNC) Is Paying Out A Dividend Of $0.45

Lincoln National (NYSE:LNC) Will Pay A Dividend Of $0.45

Nov 18
Lincoln National (NYSE:LNC) Will Pay A Dividend Of $0.45

Why Lincoln National Remains Interesting And Why Q3 2024 Matters Only A Little

Oct 31
author-image

Critical Shifts And Operational Cuts Threaten Long-term Growth And Competitiveness

Aug 29 Strategic focus on capital efficiency and reinsurance may improve cash flow but risk limiting investment in growth and innovation, impacting long-term competitiveness.

Lincoln National: Despite Progress On Capital, Patience Is Required (Rating Upgrade)

Aug 14

Lincoln: The Upside Is Not Yet Over

Jul 08

Lincoln National: Surging Industry Annuity Sales A Boon, Q1 Results Mask Positive Trends

May 27

Lincoln National Q4: Long Turnaround May Leave Shares Languishing

Mar 07

Lincoln National: High Yield, Weak Flows Amid Shifting Market Interest Rates

Nov 16

Poor Capital Management Leaves Lincoln National Negatively Positioned

Sep 07

Revenue & Expenses Breakdown

How Lincoln National makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:LNC Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 2417,9683,1842,9570
30 Sep 2413,5452622,9160
30 Jun 2413,5861,6422,9160
31 Mar 2411,9401,2582,9160
31 Dec 2311,702-8343,0690
30 Sep 2314,8231,2332,7760
30 Jun 2315,267-1,3622,7760
31 Mar 2317,909-1,0302,7760
31 Dec 2218,9251,3582,9430
30 Sep 2220,2041,23900
30 Jun 2220,7733,33400
31 Mar 2220,0483,14400
31 Dec 2117,7153,7782,8220
30 Sep 2118,7631,3282,5650
30 Jun 2118,8831,4082,5650
31 Mar 2117,5486722,5650
31 Dec 2017,43949900
30 Sep 2017,6487882,6910
30 Jun 2016,9252282,6910
31 Mar 2017,7186862,6910
31 Dec 1917,2588862,6910
30 Sep 1917,4448532,4180
30 Jun 1917,0701,5052,4180
31 Mar 1916,7801,5262,4180
31 Dec 1816,4241,6412,4180
30 Sep 1815,5622,0572,2040
30 Jun 1814,8091,9852,2040
31 Mar 1814,3662,0112,2040
31 Dec 1714,2572,0792,2040
30 Sep 1713,8421,4542,1050
30 Jun 1713,8561,5022,1050
31 Mar 1713,5871,4162,1050
31 Dec 1613,3301,1922,1050
30 Sep 1613,2481,2852,1620
30 Jun 1613,4381,0462,1620
31 Mar 1613,5111,0652,1620
31 Dec 1513,5721,1542,1620
30 Sep 1514,0851,2192,1080
30 Jun 1513,7821,4312,1080
31 Mar 1513,6821,4852,1080
31 Dec 1413,5541,5142,1080
30 Sep 1412,9911,5172,0790
30 Jun 1412,5881,4152,0790

Quality Earnings: LNC has high quality earnings.

Growing Profit Margin: LNC became profitable in the past.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: LNC's earnings have grown by 1.3% per year over the past 5 years.

Accelerating Growth: LNC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: LNC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Insurance industry (9.2%).

Return on Equity

High ROE: LNC's Return on Equity (39.6%) is considered high.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/02 03:39
End of Day Share Price 2025/05/02 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Lincoln National Corporation is covered by 30 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullArgus Research Company
Taylor ScottBarclays
Jay GelbBarclays