Inside the research
Lincoln National Corporation
LNC Research profile · latest available data
Price overview
$41.69
▲ +0.30 (+0.7%)
| 52w hi | $47.00 |
|---|---|
| 52w lo | $31.80 |
| Vol | 1.12M |
| As of | 25 Sep 2026 |
The Verdict
Our score +0.40
| Short | +0.23 |
|---|---|
| Medium | +0.44 |
| Long | +0.65 |
computed 2026-09-27
Key fundamentals
Lincoln National Corporation
Financial Services · Insurance - Life
| Market cap | $7.98B |
|---|---|
| Enterprise value | -$29.34B |
| Trailing P/E | 3.51x |
| Forward P/E | 4.79x |
| P / S (ttm) | 0.41x |
| Profit margin | 12.2% |
| Return on equity | 22.6% |
| Revenue growth | +12.6% |
| Earnings growth | +76.8% |
| Debt / equity | 63.80 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.44 | |
| Sector | +0.02 | |
| Technical | +0.20 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-09-27
Business overview
Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The Life Insurance segment provides life insurance products, including term insurance, universal life insurance (UL), indexed universal life insurance, variable universal life insurance (VUL), linked-benefit UL and VUL products, and critical illness and long-term care riders. Its Annuities segment offers variable, fixed, and registered index-linked annuities. The Group Protection segment offers group nonmedical insurance products consisting of short and long-term disability and administration services, statutory disability; paid family medical leave administration and absence management services; term life; life; supplemental health insurance; accident, critical illness, and hospital indemnity benefits and dental and vision products to the employer marketplace through various forms of employee-paid and employer-paid plans. Its Retirement Plan Services segment provides employers with retirement plan products and services primarily in the defined contribution retirement plan marketplace; individual and group variable annuities, group fixed annuities, and mutual fund-based programs; and various plan services, including plan recordkeeping, compliance testing, participant education, and trust and custodial services. It distributes its products through consultants, brokers, planners, agents, financial advisors, third-party administrators, financial institutions, and other intermediaries. Lincoln National Corporation was founded in 1905 and is headquartered in Radnor, Pennsylvania.
Risk Metrics
| Beta vs SPX | 1.38 |
|---|---|
| Corr SPX | 0.58 |
| Annual vol | 37.9% |
| Annual ret | +20.5% |
| Sharpe | 0.54 |
| Max DD | -29.9% |
Window: 504 trading days (504 obs)
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-08-10 | Officer / Director Change, Reg FD Disclosure… | read |
| 2026-07-30 | Earnings Release, Reg FD Disclosure… | read |
| 2026-06-29 | Other Material Event, Exhibits | read |
| 2026-06-01 | Shareholder Vote | read |
| 2026-05-07 | Earnings Release, Reg FD Disclosure… | read |
| 2026-04-16 | Officer / Director Change | read |
| 2026-03-31 | Material Agreement, Exhibits | read |
| 2026-02-12 | Earnings Release, Reg FD Disclosure… | read |
| 2025-11-10 | Other Material Event, Exhibits | read |
| 2025-10-30 | Earnings Release, Reg FD Disclosure… | read |
| 2025-07-31 | Earnings Release, Reg FD Disclosure… | read |
| 2025-05-27 | Other Material Event, Exhibits | read |
Dividends
| Yield (TTM) | 3.24% |
|---|---|
| $ / share (TTM) | $1.35 |
| 5y CAGR | +2.4% |
Annual dividend per share
| 2021 | $1.68 |
|---|---|
| 2022 | $1.80 |
| 2023 | $1.80 |
| 2024 | $1.80 |
| 2025 | $1.80 |
| 2026 | $0.90 |
SEC Filings
The Long Run
FY 2009–2025 · 17 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $11.64B | +2.0% | |
| Net income | -$752.00M | +25.4% | |
| Cash from ops | -$2.01B | +4.5% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $41.79 | $41.99 | $41.18 | $41.69 | 1.12M |
| Sep 24 | $41.05 | $41.54 | $40.78 | $41.39 | 1.60M |
| Sep 23 | $40.75 | $41.61 | $40.72 | $41.08 | 1.52M |
| Sep 22 | $42.01 | $42.02 | $40.59 | $41.01 | 1.88M |
| Sep 21 | $42.60 | $42.68 | $41.63 | $41.68 | 1.77M |
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