The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

LNC

Concerning the House

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.

United States · www.lincolnfinancial.com

The Long Run

FY 2009–2025 · 17 years

LineLatestCAGRTrend
Revenue$11.64B+2.0%
Net income-$752.00M+25.4%
Cash from ops-$2.01B+4.5%
Quotation

$45.28

+1.18 (+2.7%)

52w hi$47.00
52w lo$31.80
Vol1.11M
As ofAug 13
The Verdict

Hold

Our score +0.42

Short+0.18
Medium+0.50
Long+0.74

computed 2026-08-13

By the Numbers

Lincoln National Corporation

Financial Services · Insurance - Life

Market cap$8.67B
Enterprise value-$28.88B
Trailing P/E3.81x
Forward P/E5.25x
EV / EBITDA
P / S (ttm)0.45x
Profit margin12.2%
Return on equity22.6%
Revenue growth+12.6%
Earnings growth+76.8%
Debt / equity63.80
Risk Metrics
Beta vs SPX1.38
Corr SPX0.59
Annual vol38.0%
Annual ret+29.2%
Sharpe0.77
Max DD-29.9%

Window: 504 trading days (504 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.44
Sector+0.09
Technical+0.20
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$44.50$45.31$44.30$45.281.11M
Aug 12$44.68$45.04$43.66$44.101.84M
Aug 11$45.51$45.62$44.42$44.432.32M
Aug 10$44.90$46.21$44.85$45.682.06M
Aug 7$46.48$46.69$45.77$46.031.57M