$33.53
+0.10%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.
Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.
Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.
Significant working capital drain. Growth may be consuming cash through inventory buildup or receivables extensionโmonitor closely.
Cash flow concerns: Despite profitability, the company is burning cash. Review working capital management, CapEx levels, and sustainability of current operations.
LNC โข NYSE
| Lincoln National Corporation Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 | Dec 2007 | Dec 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 |
LNC - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
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 |
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