Lincoln National Corporation

Lincoln National Corporation

LNCยทNYSE

$33.53

+0.10%
Financial ServicesInsurance - Life

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Annuities, Retirement Plan Services, Life Insurance, and Group Protection. The Annuities segment offers fixed, variable, and indexed variable annuities. The Retirement Plan Services segment provides employers with retirement plan products and services primarily in the defined contribution retirement plan marketplace. This segment offers individual and group variable annuities, group fixed annuities, and mutual fund-based programs; and a range of plan services, including plan recordkeeping, compliance testing, participant education, and trust and custodial services. The Life Insurance segment provides life insurance products, including term insurance, such as single and survivorship versions of universal life insurance; variable universal life insurance; indexed universal life insurance products; and critical illness and long-term care riders. The Group Protection segment offers group non-medical insurance products comprising short and long-term disability, statutory disability and paid family medical leave administration and absence management services, term life, dental, vision and accident, and critical illness benefits and services to the employer marketplace through various forms of employee-paid and employer-paid plans. The company distributes its products through consultants, brokers, planners, agents, financial advisors, third-party administrators, and other intermediaries. Lincoln National Corporation was founded in 1905 and is based in Radnor, Pennsylvania.

At a Glance

Live Snapshot
Market Cap$6.41B
EPS5.9500
P/E Ratio5.64
Earnings Date07/30/2026
3Y+25.0%
5Y+14.0%
10Y+59.0%
3Y+23.0%
5Y+18.0%
10Y+64.0%
3Y+114.0%
5Y-52.0%
10Y-25.0%
lnc

Lincoln National Corporation Funding & Solvency Profile

LNC ยท NYSE
Cash & Cash Equivalents9.50B
Net Receivables29.13B
Inventory0.00
Other Current Assets0.00
Total Current Assets76 B
Property, Plant & Equipment0.00
Goodwill & Intangible Assets13.97B
Long-Term Investments102.02B
Other Non-Current Assets225.69B
Total Non-Current Assets328 B
Total Assets
417.20B

Financial Health Analysis

Current Ratio

0.47x

Warning: Liquidity concerns. Current assets may not be sufficient to cover short-term obligations.

Debt-to-Equity Ratio

37.25x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

-86459000000

Negative working capital indicates short-term liabilities exceed short-term assetsโ€”potential liquidity stress.

Asset Composition

18% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Financial stress indicators: Both liquidity and leverage metrics raise concerns. The company may face challenges meeting obligations and should focus on strengthening its balance sheet.

Lincoln National Corporation Balance Sheet

LNC โ€ข NYSE

Lincoln National Corporation Balance SheetDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
ASSETS
CURRENT ASSETS
9.5B
5.8B
3.4B
3.3B
2.6B
1.7B
2.6B
2.3B
1.6B
2.7B
3.1B
3.9B
2.4B
4.2B
4.5B
2.7B
4B
5.9B
1.7B
1.6B
36.9B
20.9B
88.7B
99.7B
118.7B
123B
105.2B
94B
95.1B
89.5B
85.8B
87.1B
81B
82.9B
1.1B
1B
1.1B
1.6B
1.1B
0.0
46.4B
26.7B
92.1B
103.1B
121.4B
124.8B
107.8B
96.4B
96.7B
92.2B
88.9B
91B
83.3B
87.1B
5.6B
3.8B
5.1B
7.6B
2.7B
1.6B
29.1B
28.8B
29.8B
20B
20.3B
17B
17.6B
18.3B
5.3B
5.7B
6B
6.2B
6.5B
6.8B
407.5M
335M
320.9M
481M
401M
356M
28B
28.8B
29.8B
20B
20.3B
17B
17.6B
18.3B
5.3B
5.7B
6B
6.2B
6.5B
6.8B
407.5M
335M
320.9M
481M
401M
356M
1.1B
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-7.5B
-7.4B
0.0
-7B
0.0
0.0
0.0
0.0
0.0
0.0
0.0
700K
0.0
200K
-1M
0.0
0.0
0.0
0.0
-121.9B
7.4B
8B
-141.7B
7B
4B
13.8B
12.6B
11.5B
10.7B
8.9B
8.5B
74B
66.7B
169B
151.2B
184.2B
172B
75.5B
55.5B
0.0
123B
142.2B
0.0
125.4B
118.7B
115.8B
110.5B
106.4B
107.9B
98.7B
86.3B
79.9B
70.8B
174.4B
159.2B
187.3B
174B
NON-CURRENT ASSETS
0.0
0.0
0.0
154M
147M
0.0
233M
-1.2B
-1.1B
-1.8B
-2.1B
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
1.1B
1.1B
1.1B
1.1B
1.8B
1.8B
1.8B
1.8B
1.4B
2.3B
2.3B
2.3B
2.3B
2.3B
2.3B
3B
3B
0.0
4.1B
4.5B
12.8B
977M
0.0
904M
560M
0.0
633M
771M
152M
148M
144M
140M
274M
268M
0.0
0.0
0.0
3.9B
0.0
0.0
14B
2.1B
1.1B
2B
2.3B
1.8B
2.4B
2.6B
1.5B
2.4B
2.4B
2.4B
2.5B
2.5B
2.3B
3B
3B
3.9B
4.1B
4.5B
102B
-11.2B
26.8B
24.8B
123.5B
127.7B
110B
96.1B
96.7B
91.2B
87.7B
89.1B
83.3B
85.5B
80B
72.4B
64.7B
4B
60.6B
56.6B
0.0
0.0
0.0
4B
4.3B
0.0
-361M
1.2B
1.1B
1.8B
2.1B
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
225.7B
344.5B
344.5B
303.3B
-5B
-129.5B
-505M
81.6B
67.9B
57.6B
55.6B
54B
52.7B
44.9B
40.7B
47.6B
-64.7B
-4B
-60.6B
-56.6B
341.7B
335.4B
372.4B
334.3B
125.3B
0.0
111.8B
179.5B
166B
151.1B
145.5B
145.4B
138.3B
132.6B
123B
123.1B
3B
3.9B
4.1B
4.5B
0.0
0.0
372.4B
106.5B
119.7B
365.9B
97.6B
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-500K
0.0
300K
-200K
0.0
0.0
417.2B
390.8B
372.4B
334.2B
387.3B
365.9B
334.8B
298.1B
281.8B
261.6B
251.9B
253.4B
236.9B
218.9B
202.9B
193.8B
177.4B
163.1B
191.4B
178.5B
LIABILITIES
CURRENT LIABILITIES
0.0
10B
8.1B
6.7B
8.9B
6.2B
5.1B
4.8B
4.4B
5B
4.7B
4.4B
3.2B
4.2B
3.7B
2.8B
3.2B
3.7B
1.1B
2.1B
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
1B
1.1B
1.3B
0.0
505M
2.1B
0.0
10B
8.1B
6.7B
8.9B
6.2B
17.6B
4.8B
5.3B
5B
4.7B
6.2B
6.5B
4.2B
2.7B
1.7B
1.9B
3.7B
630M
0.0
400M
300M
250M
500M
550M
250M
300M
0.0
450M
0.0
0.0
250M
501M
200M
300M
351M
350M
815M
550M
658M
0.0
0.0
0.0
83M
142M
0.0
60M
24M
35M
4M
136M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
5M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
100K
0.0
500K
0.0
0.0
0.0
161.6B
6.9B
-8.4B
-6.5B
-9.2B
-6.5B
-5.1B
-4.8B
-4.9B
-5B
-4.7B
-4.7B
-3.7B
194.1B
179.3B
172.5B
157.2B
145.9B
173.4B
160.1B
162B
17.2B
0.0
750M
300M
0.0
300M
278B
259.5B
241.8B
232.7B
232.4B
219.4B
198.5B
183.4B
175.6B
160.7B
150.4B
175.1B
162.8B
NON-CURRENT LIABILITIES
6B
6.1B
5.9B
6.1B
6.1B
6.4B
6.1B
5.8B
4.9B
5.3B
5.6B
5.3B
5.3B
5.4B
5.4B
5.4B
5.1B
4.7B
4.6B
3.5B
7.6B
6.7B
5.9B
5.1B
-7.1B
0.0
9.7B
-148.6B
1M
24M
98M
171M
245M
319M
394M
468M
543M
619M
0.0
760M
0.0
0.0
0.0
-2.4B
7.1B
0.0
-3.6B
-2.3B
-3.2B
-4.3B
-3.9B
0.0
0.0
0.0
1.1B
0.0
-400K
0.0
0.0
0.0
230.7B
352.6B
358.2B
322.1B
357.4B
-6.4B
0.0
278B
-4.9B
-24M
-98M
231.9B
217.4B
197.9B
-5.8B
174.8B
-5.1B
149.6B
174.5B
0.0
244.3B
365.4B
369B
750M
366.2B
0.0
6.1B
5.8B
4.9B
5.3B
5.6B
5.3B
4.1B
5.4B
5.4B
5.4B
5.1B
4.7B
4.6B
3.5B
0.0
0.0
365.5B
327.6B
0.0
343.2B
308.7B
0.0
0.0
0.0
29M
0.0
-1M
0.0
-200K
0.0
100K
0.0
0.0
0.0
0.0
0.0
129M
152M
0.0
0.0
240M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
406.3B
382.6B
365.5B
329.1B
367B
343.2B
315.1B
283.8B
264.4B
247.1B
238.3B
237.6B
223.5B
203.9B
188.7B
181B
165.7B
155.2B
179.7B
166.3B
SHAREHOLDERS' EQUITY
986M
986M
986M
986M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
400K
0.0
806.7M
400K
0.0
1M
5.6B
4.7B
4.6B
4.5B
4.7B
5.1B
5.2B
5.4B
5.7B
5.9B
6.3B
6.6B
6.9B
7.1B
7.6B
8.1B
7.8B
7B
7.2B
7.4B
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
7.1B
7.6B
0.0
0.0
0.0
0.0
0.0
8.4B
7.6B
4.8B
5.9B
9.1B
8.7B
8.9B
8.6B
8.4B
7B
6.5B
6B
5B
4B
4.1B
3.9B
3.3B
3.7B
4.3B
4.1B
-4.1B
-5B
-3.5B
-6.4B
6.4B
8.9B
5.7B
407M
3.2B
1.6B
845M
3.1B
1.6B
3.8B
2.4B
748M
-261.4M
6.3M
225M
613M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-7.1B
-7.4B
0.0
0.0
0.0
0.0
0.0
10.9B
8.3B
6.9B
5.1B
20.3B
22.7B
19.7B
14.4B
17.3B
14.5B
13.6B
15.7B
13.5B
15B
14.2B
12.8B
11.7B
8B
11.7B
12.2B
10.9B
8.3B
6.9B
5.1B
20.3B
22.7B
19.7B
14.4B
17.3B
14.5B
13.6B
15.7B
13.5B
15B
14.2B
12.8B
11.7B
8B
11.7B
12.2B
SUMMARY
417.2B
390.8B
372.4B
334.2B
387.3B
365.9B
334.8B
298.1B
281.8B
261.6B
251.9B
253.4B
236.9B
218.9B
202.9B
193.8B
177.4B
163.1B
191.4B
178.5B
138.9B
9.7B
124.3B
131.7B
242.3B
154B
215.2B
190.1B
191.8B
180.7B
173.5B
176.2B
164.2B
99.1B
81.1B
73.5B
65.7B
5.6B
61.7B
56.6B
6.4B
6.4B
6.1B
6.6B
6.6B
6.7B
6.4B
5.8B
5.3B
5.3B
5.6B
5.5B
5.8B
5.6B
4.6B
5.8B
5.4B
5.5B
5.2B
4.1B
-3.1B
554M
2.8B
3.1B
4B
4.9B
3.8B
3.5B
3.7B
2.6B
2.4B
1.6B
3.5B
1.4B
58.8M
3B
1.4B
-380.7M
3.5B
2.5B
189,939,050
189,939,050
189,939,050
189,939,050
189,939,050
189,939,050
189,939,050
189,939,050
189,939,050
189,939,050
189,939,050
189,939,050
189,939,050
189,939,050
189,939,050
189,939,050
189,939,050
189,939,050
189,939,050
189,939,050

SEC Filings

LNC - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

June 01, 2026
May 28, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 07, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 07, 2026
May 07, 2026
2026
8-K

8-K 2026

N/A

April 16, 2026
April 16, 2026
2026
DEF 14A

DEF 14A 2026

N/A

April 16, 2026
May 28, 2026
2026
8-K

8-K 2026

N/A

March 31, 2026
March 27, 2026
2026
S-4

S-4

N/A

February 20, 2026
February 20, 2026
ย 
10-K

10-K 2025 FY

FY

February 19, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 12, 2026
February 12, 2026
2026
8-K

8-K 2025

N/A

November 10, 2025
November 10, 2025
2025
Showing 1 to 10 of 568 filings