Lincoln National Corporation logo

Lincoln National Corporation

LNC

NYSEFinancial ServicesInsurance - Life

Previous close

$42.15

+$0.17 · +0.40%

Aug 21, 4:00 PM ET

LNC company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

96

Deep Value

Momentum

56

Neutral

Sentiment

73

Bullish

Risk resilience

67

Moderate Risk

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Company profile

Company website

Lincoln National Corporation (LNC) is a U.S.-based financial services company primarily involved in the insurance and retirement sectors. Operating through various subsidiaries, its operations are structured across four key divisions: Annuities, Retirement Plan Services, Life Insurance, and Group Protection. The Annuities division provides a range of annuity products, including fixed, variable, and indexed variable options. Its Retirement Plan Services segment caters to employers, focusing predominantly on the defined contribution market. This unit delivers a suite of retirement solutions, encompassing individual and group variable and fixed annuities, alongside mutual fund-based programs. Furthermore, it offers comprehensive plan administration services such as recordkeeping, compliance verification, participant education, and trust and custodial support. The Life Insurance segment delivers various life coverage options, from term insurance to universal life products, specifically single and survivorship universal life, variable universal life, and indexed universal life policies. It also makes available critical illness and long-term care riders to enhance these plans. Finally, the Group Protection segment focuses on providing non-medical group insurance benefits and services to the employer sector. Its offerings include short-term and long-term disability, statutory disability, paid family medical leave administration, and absence management. Additionally, it offers group term life, dental, vision, accident, and critical illness coverage, all available through both employee-contributed and employer-funded schemes. Lincoln National distributes its financial products and services through an extensive network of consultants, brokers, planners, agents, financial advisors, third-party administrators, and other intermediary partners. Established in 1905, Lincoln National Corporation maintains its headquarters in Radnor, Pennsylvania.

Industry
Insurance - Life
Sector
Financial Services
Headquarters
US
CEO
Ellen R. Gail Cooper
Listed since
Mar 17, 1980
Employees
9,423

Market position

Day range

Current $42.15

52-week range

Current $42.15

Open
$42.70
Previous close
$41.98
Volume
1.64M
0.87× average
Average volume
1.88M
Average daily volume
Market cap
8.07B USD
Beta
1.13
Market reference 1
50-day average
$41.1292
+2.48% above average
200-day average
$39.2901
+7.28% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
3.51×
P/B (TTM)
0.72×
P/S (TTM)
0.42×
Dividend yield
4.27%

Profitability & efficiency

Gross margin
57.49%
Operating margin
14.65%
Net margin
12.18%

Financial health

Debt / equity
0.6×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends64%37%10%-17%Gross margin, FY2021: 22.15%Gross margin, FY2022: 12.86%Gross margin, FY2023: 0.43%Gross margin, FY2024: 25.55%Gross margin, FY2025: 57.34%Operating margin, FY2021: 26.37%Operating margin, FY2022: 9.11%Operating margin, FY2023: -9.80%Operating margin, FY2024: 22.36%Operating margin, FY2025: 7.35%Net margin, FY2021: 21.46%Net margin, FY2022: 7.17%Net margin, FY2023: -6.42%Net margin, FY2024: 18.21%Net margin, FY2025: 6.46%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 22.15%. Gross margin FY2022 12.86%. Gross margin FY2023 0.43%. Gross margin FY2024 25.55%. Gross margin FY2025 57.34%. Operating margin FY2021 26.37%. Operating margin FY2022 9.11%. Operating margin FY2023 -9.80%. Operating margin FY2024 22.36%. Operating margin FY2025 7.35%. Net margin FY2021 21.46%. Net margin FY2022 7.17%. Net margin FY2023 -6.42%. Net margin FY2024 18.21%. Net margin FY2025 6.46%.

Income trends

Revenue

18.21B USD+1.24%

Operating income

1.34B USD-66.73%

Net income

1.18B USD-64.06%
Income trends across reported periods20.94B USD12.91B USD4.88B USD−3.16B USDRevenue, FY2021: 17.61B USDRevenue, FY2022: 18.93B USDRevenue, FY2023: 11.71B USDRevenue, FY2024: 17.99B USDRevenue, FY2025: 18.21B USDOperating income, FY2021: 4.64B USDOperating income, FY2022: 1.73B USDOperating income, FY2023: −1.15B USDOperating income, FY2024: 4.02B USDOperating income, FY2025: 1.34B USDNet income, FY2021: 3.78B USDNet income, FY2022: 1.36B USDNet income, FY2023: −752M USDNet income, FY2024: 3.28B USDNet income, FY2025: 1.18B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 17.61B USD. Revenue FY2022 18.93B USD. Revenue FY2023 11.71B USD. Revenue FY2024 17.99B USD. Revenue FY2025 18.21B USD. Operating income FY2021 4.64B USD. Operating income FY2022 1.73B USD. Operating income FY2023 −1.15B USD. Operating income FY2024 4.02B USD. Operating income FY2025 1.34B USD. Net income FY2021 3.78B USD. Net income FY2022 1.36B USD. Net income FY2023 −752M USD. Net income FY2024 3.28B USD. Net income FY2025 1.18B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue18.21B USD17.99B USD11.71B USD18.93B USD17.61B USD
Cost of goods sold7.77B USD13.39B USD11.66B USD16.5B USD13.71B USD
Gross profit10.44B USD4.6B USD50M USD2.43B USD3.9B USD
Selling, general, and administrative2.74B USD2.54B USD2.41B USD2.25B USD
Operating expenses9.11B USD574M USD1.2B USD709M USD−743M USD
Interest expense227M USD336M USD331M USD283M USD270M USD
Depreciation and amortization96M USD44M USD65M USD50M USD
Operating income1.34B USD4.02B USD−1.15B USD1.73B USD4.64B USD
Net income1.18B USD3.28B USD−752M USD1.36B USD3.78B USD

Company facts updated Aug 24, 2026.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

28 ratings
Strong buy14%
Buy1139%
Hold1450%
Sell27%
Strong sell00%

LNC news

LNC peers

ETFs holding LNC

Funds reporting this stock among their holdings, ordered by reported position size.

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