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34.88 USD
P/E
5.86
EPS
5.83
Yield
5.16%
Safety Score
60
P/B
0.65
ROE
12.28
Beta
1.29
Target Price
45.46 USD
Lincoln National Corporation logo

Lincoln National Corporation

🧾 Earnings Recap – Q3 2025

Lincoln Financial delivered robust financial results in Q3 2025, marking its fifth consecutive quarter of year-over-year growth in adjusted operating income, driven by strategic execution across its four business segments.

  • Annuities segment posted $4.5 billion in sales, achieving a 36% increase in fixed annuity sales year-over-year.
  • Life Insurance and Group Protection divisions saw improved earnings due to operational efficiencies and healthy premium growth.
  • Retirement Plan Services reported positive net flows and higher earnings, fueled by increased account balances.
  • The annual assumption review yielded favorable adjustments, aligning underlying experience with future expectations.
  • Enhanced operational efficiency and a strong capital position with well above the 20 percentage point RBC buffer solidify Lincoln's growth strategy.
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Key Metrics
Earnings dateMay 14, 2026
P/E5.86
EPS5.83
Book Value52.20
Price to Book0.65
Debt/Equity64.67
% Insiders0.478%
Growth
Revenue Growth-0.03%
Earnings Growth-0.61%
Estimates
Forward P/E3.95
Forward EPS8.65
Target Mean Price45.46
Dividend
Dividend Yield5.16%
Annual dividends1.80 USD
Ex-Div. DateApril 10, 2026
Payout35.37%
5y avg Yield4.70%

DCF Valuation

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DCF Result

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Lincoln National Corporation Logo Lincoln National Corporation Analysis (LNC)

United States Financials Official Website Stock

Is Lincoln National Corporation a good investment? Lincoln National Corporation (LNC) is currently trading at 34.88 USD. Market analysts have a consensus price target of 45.46 USD. This suggests a potential upside from current levels.

In terms of valuation, the stock trades at a P/E ratio of 5.86. This relatively low multiple may signal that Lincoln National Corporation is undervalued compared to historical market norms.

Earnings Schedule: Lincoln National Corporation is expected to release its next earnings report on May 14, 2026. The market consensus estimate for Forward EPS is 8.65.

For income investors, Lincoln National Corporation pays a dividend yield of 5.16%. With a payout ratio of 35%, the dividend appears sustainable.

Investor FAQ

Does Lincoln National Corporation pay a dividend?

Yes, it pays an annual dividend of 1.80 USD (5.16% yield).

What asset class is Lincoln National Corporation?

Lincoln National Corporation is classified as a Stock. You can compare it against 4 other assets in the "Related Symbols" list on this page.

When is the next earnings date?

The next earnings date is projected to be May 14, 2026. The company currently has a trailing EPS of 5.83.

Company Profile

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.

Exchange Ticker
NYQ (United States) LNC
SAO (Brazil) L1NC34.SA
FRA (Germany) LCO.F
LSE (United Kingdom) 0JV3.L
Dividend Yield

5.16% (5y avg: 4.70%)

Annual Dividends

1.80 USD

Next ex. div date

April 10, 2026

Payout Ratio

35.37%

Historical Dividends
Year Total Dividends
2027 0.46 USD
2026 1.83 USD
2025 1.80 USD
2024 1.80 USD
2023 1.80 USD
2022 1.80 USD
2021 1.68 USD
2020 1.60 USD
2019 1.48 USD
2018 1.32 USD
2017 1.16 USD
2016 1.00 USD
2015 0.80 USD
2014 0.64 USD
2013 0.48 USD
2012 0.32 USD
2011 0.20 USD
2010 0.04 USD
2009 0.24 USD
2008 1.66 USD
2007 1.58 USD
2006 1.52 USD
2005 1.46 USD
2004 1.40 USD
2003 1.34 USD
2002 1.28 USD
2001 1.22 USD
2000 1.16 USD
1999 1.65 USD
1998 2.08 USD
1997 1.96 USD
1996 1.84 USD
1995 1.72 USD
1994 1.64 USD
1993 2.28 USD
1992 2.92 USD
1991 2.72 USD
1990 2.60 USD
1989 2.48 USD
1988 2.36 USD
1987 2.16 USD
1986 2.00 USD
1985 1.84 USD

Yearly aggregated dividends

Dividends

Lincoln National Corporation
May 01, 2026 Upcoming
Dividend
0.45 USD
Lincoln National Corporation
Feb 02, 2026 Paid
Dividend
0.45 USD
Lincoln National Corporation
Nov 03, 2025 Paid
Dividend
0.45 USD
Lincoln National Corporation
Aug 01, 2025 Paid
Dividend
0.45 USD
Lincoln National Corporation
May 01, 2025 Paid
Dividend
0.45 USD

Historical Split Corporate Actions

Split Date Split Ratio to 1
June 22, 1999 2.000000
June 28, 1993 2.000000
Feb. 1, 1984 2.000000
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