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Lincoln National Corporation LNC · Stock Open Lincoln National Corporation in new tab

40.99 USD
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P/E
3.50
EPS
11.73
Yield
4.32%
Safety Score
60
P/B
0.76
ROE
22.59
Beta
1.15
Target Price
47.67 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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1M 6M YTD 1Y 2Y 5Y Max
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Key Metrics
Earnings dateOct. 29, 2026
P/E3.50
EPS11.73
Book Value54.14
Price to Book0.76
Debt/Equity63.80
% Insiders0.341%
Growth
Revenue Growth0.13%
Earnings Growth0.77%
Estimates
Forward P/E4.68
Forward EPS8.76
Target Mean Price47.67
Dividend
Dividend Yield4.32%
Annual dividends1.80 USD
Ex-Div. DateOct. 9, 2026
Payout17.42%
5y avg Yield4.70%

DCF Valuation

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DCF Result
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Note: historical bars show reported FCF (for context); forward bars show PV of projected FCF; if no per-year data, totals are shown.

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 40.99 USD. Market analysts have a consensus price target of 47.67 USD. This suggests a potential upside from current levels.

In terms of valuation, the stock trades at a P/E ratio of 3.50. 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 Oct. 29, 2026. The market consensus estimate for Forward EPS is 8.76.

For income investors, Lincoln National Corporation pays a dividend yield of 4.32%. With a payout ratio of 17%, the dividend appears sustainable.

Investor FAQ

Does Lincoln National Corporation pay a dividend?

Yes, it pays an annual dividend of 1.80 USD (4.32% 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 Oct. 29, 2026. The company currently has a trailing EPS of 11.73.

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
Trades
Dividend Yield
4.32%
5y avg 4.70%
Annual Dividends
1.80USD
Next Ex. Div Date
Oct. 9, 2026
Payout Ratio
17.42%
Dividend History paid per year (USD)
Historical Dividends
Year Total Dividends
▸2027
1.39 USD
Aug. 2, 2027 (estimated) 0.4637
May 3, 2027 (estimated) 0.4637
Feb. 1, 2027 (estimated) 0.4637
▸2026
1.80 USD
Nov. 2, 2026 0.4500
Aug. 3, 2026 0.4500
May 1, 2026 0.4500
Feb. 2, 2026 0.4500
▸2025
1.80 USD
Nov. 3, 2025 0.4500
Aug. 1, 2025 0.4500
May 1, 2025 0.4500
Feb. 3, 2025 0.4500
▸2024
1.80 USD
Nov. 1, 2024 0.4500
Aug. 1, 2024 0.4500
May 1, 2024 0.4500
Feb. 1, 2024 0.4500
▸2023
1.80 USD
Nov. 1, 2023 0.4500
Aug. 1, 2023 0.4500
May 1, 2023 0.4500
Feb. 1, 2023 0.4500
▸2022
1.80 USD
Nov. 1, 2022 0.4500
Aug. 1, 2022 0.4500
May 2, 2022 0.4500
Feb. 1, 2022 0.4500
▸2021
1.68 USD
Nov. 1, 2021 0.4200
Aug. 2, 2021 0.4200
May 3, 2021 0.4200
Feb. 1, 2021 0.4200
▸2020
1.60 USD
Nov. 1, 2020 0.4000
Aug. 1, 2020 0.4000
May 1, 2020 0.4000
Feb. 1, 2020 0.4000
▸2019
1.48 USD
Nov. 1, 2019 0.3700
Aug. 1, 2019 0.3700
May 1, 2019 0.3700
Feb. 1, 2019 0.3700
▸2018
1.32 USD
Nov. 1, 2018 0.3300
Aug. 1, 2018 0.3300
May 1, 2018 0.3300
Feb. 1, 2018 0.3300
▸2017
1.16 USD
Nov. 1, 2017 0.2900
Aug. 1, 2017 0.2900
May 1, 2017 0.2900
Feb. 1, 2017 0.2900
▸2016
1.00 USD
Nov. 1, 2016 0.2500
Aug. 1, 2016 0.2500
May 2, 2016 0.2500
Feb. 1, 2016 0.2500
▸2015
0.80 USD
Nov. 1, 2015 0.2000
Aug. 1, 2015 0.2000
May 1, 2015 0.2000
Feb. 1, 2015 0.2000
▸2014
0.64 USD
Nov. 1, 2014 0.1600
Aug. 1, 2014 0.1600
May 1, 2014 0.1600
Feb. 1, 2014 0.1600
▸2013
0.48 USD
Nov. 1, 2013 0.1200
Aug. 1, 2013 0.1200
May 1, 2013 0.1200
Feb. 1, 2013 0.1200
▸2012
0.32 USD
Nov. 1, 2012 0.0800
Aug. 1, 2012 0.0800
May 1, 2012 0.0800
Feb. 1, 2012 0.0800
▸2011
0.20 USD
Nov. 1, 2011 0.0500
Aug. 1, 2011 0.0500
May 1, 2011 0.0500
Feb. 1, 2011 0.0500
▸2010
0.04 USD
Nov. 1, 2010 0.0100
Aug. 1, 2010 0.0100
May 1, 2010 0.0100
Feb. 1, 2010 0.0100
▸2009
0.24 USD
Nov. 1, 2009 0.0100
Aug. 1, 2009 0.0100
May 1, 2009 0.0100
Feb. 1, 2009 0.2100
▸2008
1.66 USD
Nov. 1, 2008 0.4150
Aug. 1, 2008 0.4150
May 1, 2008 0.4150
Feb. 1, 2008 0.4150
▸2007
1.58 USD
Nov. 1, 2007 0.3950
Aug. 1, 2007 0.3950
May 1, 2007 0.3950
Feb. 1, 2007 0.3950
▸2006
1.52 USD
Nov. 1, 2006 0.3800
Aug. 1, 2006 0.3800
May 1, 2006 0.3800
Feb. 1, 2006 0.3800
▸2005
1.46 USD
Nov. 1, 2005 0.3650
Aug. 1, 2005 0.3650
May 1, 2005 0.3650
Feb. 1, 2005 0.3650
▸2004
1.40 USD
Nov. 1, 2004 0.3500
Aug. 1, 2004 0.3500
May 1, 2004 0.3500
Feb. 1, 2004 0.3500
▸2003
1.34 USD
Nov. 1, 2003 0.3350
Aug. 1, 2003 0.3350
May 1, 2003 0.3350
Feb. 1, 2003 0.3350
▸2002
1.28 USD
Nov. 1, 2002 0.3200
Aug. 1, 2002 0.3200
May 1, 2002 0.3200
Feb. 1, 2002 0.3200
▸2001
1.22 USD
Nov. 1, 2001 0.3050
Aug. 1, 2001 0.3050
May 1, 2001 0.3050
Feb. 1, 2001 0.3050
▸2000
1.16 USD
Nov. 1, 2000 0.2900
Aug. 1, 2000 0.2900
May 1, 2000 0.2900
Feb. 1, 2000 0.2900
▸1999
1.10 USD
Nov. 1, 1999 0.2750
Aug. 1, 1999 0.2760
May 1, 1999 0.2750
Feb. 1, 1999 0.2750
▸1998
1.04 USD
Nov. 1, 1998 0.2600
Aug. 1, 1998 0.2600
May 1, 1998 0.2600
Feb. 1, 1998 0.2600
▸1997
0.98 USD
Nov. 1, 1997 0.2450
Aug. 1, 1997 0.2450
May 1, 1997 0.2450
Feb. 1, 1997 0.2450
▸1996
0.92 USD
Nov. 1, 1996 0.2300
Aug. 1, 1996 0.2300
May 1, 1996 0.2300
Feb. 1, 1996 0.2300
▸1995
0.86 USD
Nov. 1, 1995 0.2150
Aug. 1, 1995 0.2150
May 1, 1995 0.2150
Feb. 1, 1995 0.2150
▸1994
0.82 USD
Nov. 1, 1994 0.2050
Aug. 1, 1994 0.2050
May 1, 1994 0.2050
Feb. 1, 1994 0.2050
▸1993
0.76 USD
Nov. 1, 1993 0.1900
Aug. 1, 1993 0.1900
May 1, 1993 0.1900
Feb. 1, 1993 0.1900
▸1992
0.73 USD
Nov. 1, 1992 0.1825
Aug. 1, 1992 0.1825
May 1, 1992 0.1825
Feb. 1, 1992 0.1825
▸1991
0.68 USD
Nov. 1, 1991 0.1700
Aug. 1, 1991 0.1700
May 1, 1991 0.1700
Feb. 1, 1991 0.1700
▸1990
0.65 USD
Nov. 1, 1990 0.1625
Aug. 1, 1990 0.1625
May 1, 1990 0.1625
Feb. 1, 1990 0.1625
▸1989
0.62 USD
Nov. 1, 1989 0.1550
Aug. 1, 1989 0.1550
May 1, 1989 0.1550
Feb. 1, 1989 0.1550
▸1988
0.59 USD
Nov. 1, 1988 0.1475
Aug. 1, 1988 0.1475
May 1, 1988 0.1475
Feb. 1, 1988 0.1475
▸1987
0.95 USD
Nov. 1, 1987 0.5400
Aug. 1, 1987 0.1350
May 1, 1987 0.1350
Feb. 1, 1987 0.1350
▸1986
0.50 USD
Oct. 6, 1986 0.1250
July 3, 1986 0.1250
April 4, 1986 0.1250
Jan. 6, 1986 0.1250
▸1985
0.46 USD
Oct. 4, 1985 0.1150
July 3, 1985 0.1150
April 3, 1985 0.1150
Jan. 4, 1985 0.1150
Upcoming Dividends
Name Payment Date Status Amount
Lincoln National Corporation Nov 02, 2026 Upcoming 0.45 USD
Lincoln National Corporation Aug 03, 2026 0.45 USD
Lincoln National Corporation May 01, 2026 0.45 USD
Lincoln National Corporation Feb 02, 2026 0.45 USD
Lincoln National Corporation Nov 03, 2025 0.45 USD
Stock Splits
Split Date Split Ratio to 1
June 28, 1993 2:1
June 22, 1999 2:1
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