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-105.0%
5Y-131.0%
10Y-113.0%
3Y-66.0%
5Y-58.0%
10Y+9.0%
3Y-10.0%
5Y-3.0%
10Y+300.0%
LNC

Lincoln National Corporation Cash Conversion Engine

LNC ยท NYSE
Net Income1.18B
Depreciation & Amortization0.00
Stock-Based Compensation0.00
Change in Working Capital-2.04B
Others700.00M
Capital Expenditures0.00
Free Cash Flow-167.00M

Cash Flow Quality Analysis

FCF Conversion Rate

-14.2%

Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.

FCF Growth Trend

+91.7%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

-$2.04B

Significant working capital drain. Growth may be consuming cash through inventory buildup or receivables extensionโ€”monitor closely.

Cash Flow Quality Insight

Cash flow concerns: Despite profitability, the company is burning cash. Review working capital management, CapEx levels, and sustainability of current operations.

Lincoln National Corporation Cash Flow Statement

LNC โ€ข NYSE

Lincoln National Corporation Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
OPERATING ACTIVITIES
1.2B
3.3B
-752M
1.4B
3.8B
499M
886M
1.6B
2.1B
1.2B
1.2B
1.5B
1.2B
1.3B
221M
902M
-485M
57M
1.2B
1.3B
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
-76M
-76M
-83M
61M
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
35M
47M
53M
700M
-3.6B
2B
-2.9B
-3.4B
907M
-1.5B
-179M
1.3B
739M
332M
857M
95M
111M
951M
-43M
2.1B
1.2B
-552M
-406M
(0.0)
(0.0)
(0.0)
(0.0)
(1M)
(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)
-2B
-1.7B
-3.4B
5.1B
-583M
-872M
-2.1B
481M
-2.6B
-659M
757M
154M
-540M
-155M
104M
861M
-643M
24M
1.3B
2B
-167M
-2B
-2.1B
3.6B
-217M
534M
-2.7B
1.9B
788M
1.3B
2.2B
2.5B
799M
1.3B
1.3B
1.7B
937M
1.3B
2B
3.1B
INVESTING ACTIVITIES
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-1.8B
(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)
(619M)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-1.4B
(0.0)
(0.0)
(75M)
(0.0)
(0.0)
(0.0)
(0.0)
(321M)
(327M)
(648M)
(0.0)
(0.0)
-25.6B
-12.8B
-11.8B
-15.5B
-17.7B
-17.2B
-15.8B
-13B
-10.5B
-11.4B
-9.8B
-9B
-13.4B
-13.5B
-14B
-16.6B
-17.8B
-10.3B
-14.9B
-10.5B
21.5B
11.8B
9.8B
8.2B
12.3B
7B
13.5B
9.9B
7.7B
8.6B
5.9B
6.6B
9.8B
9.4B
9.9B
11B
11.5B
9.8B
13.1B
10B
116M
1.3B
-1.4B
-4.4B
1.8B
725M
-3.2B
-1.3B
-1.4B
-812M
-481M
633M
-1B
265M
1.9B
-322M
-1.9B
2.5B
-295M
86M
-4B
(821M)
-3.3B
-11.6B
-3.6B
-9.5B
-5.5B
-5.8B
-4.2B
-3.7B
-4.2B
-1.8B
-4.7B
-3.9B
-2.1B
-5.6B
-7.9B
(2.6B)
-2B
-2.3B
FINANCING ACTIVITIES
825M
0.0
0.0
-550M
-1.1B
-275M
-550M
-900M
-725M
-879M
-900M
-650M
-450M
-492M
-575M
343M
652M
-427M
-888M
166M
188M
145M
-542M
112M
100M
255M
460M
645M
62M
-120M
95M
-417M
393M
-20M
-327M
345M
50M
200M
1B
1.3B
-416M
-398M
-387M
-310M
-319M
-311M
-303M
-289M
-262M
-238M
-204M
-170M
-128M
-91M
-61M
-42M
-79M
-430M
-430M
-385M
(0.0)
(0.0)
(0.0)
-550M
-1.1B
-275M
-550M
-900M
-725M
-879M
-900M
-650M
-450M
-492M
-575M
-25M
(0.0)
-476M
-986M
(0.0)
7.3B
3.9B
6.4B
8.5B
6B
8.4B
8.8B
5.1B
3.2B
3.2B
2.2B
2.1B
2.2B
2.9B
3.6B
2.8B
3.6B
1.1B
338M
-2.6B
7.9B
3.6B
5.4B
8.8B
4.7B
8.1B
8.4B
4.6B
2.3B
2B
1.2B
834M
2B
2.3B
2.6B
2.5B
5.2B
431M
49M
-1.5B
CASH FLOW SUMMARY
3.7B
2.4B
22M
731M
904M
-855M
218M
717M
-1.1B
-424M
-773M
1.6B
-1.9B
-280M
1.8B
-1.4B
-1.7B
4.3B
43M
-691M
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
4.2B
5.9B
1.7B
1.6B
2.3B
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
4.2B
5.9B
1.7B
1.6B
-167M
-2B
-2.1B
3.6B
-217M
534M
-2.7B
1.9B
788M
1.3B
2.2B
2.5B
799M
1.3B
1.3B
1.7B
937M
1.3B
2B
3.1B

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