Pricing Log in Create free account
Friday 6 November 2026 Export LNC’s income statement to Excel — free account

Lincoln National Corporation

LNC Financial Insurance Life

Lincoln National Corporation’s revenue for fiscal 2025 (year ended December 2025) was $18.2 billion, down 1.25% from fiscal 2024.

Revenue
+20.3%
EPS
+220.9%
Free cash flow
+176.7%
Total debt
+19.0%

Quarter to September 2026, against a year earlier

38.98 0.18 −0.46%
Market cap
$7.5B
P/E
2.4×
Fwd P/E
4.5×
Dividend yield
4.56%
F-score
3/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Lincoln National Corporation (LNC) Book value per share

Alert me on Book value per share

Lincoln National Corporation's book value per share at the end of fiscal 2025 was 59.7×, up 23.2% from 48.5× in fiscal 2024. At the end of the quarter to 30 September 2026 it was 48.9×. Over the past ten years it has ranged from 29.8× (fiscal 2022) to 117× (fiscal 2020); the current reading is higher than 45% of that period. Lincoln National Corporation ranks 7th of 17 Insurance Life companies by book value per share.

Book value per share, annual

Embed this chart

Annual newest first

Period Book value per share Change
FY2025 59.7× 23.17%
FY2024 48.5× 19.24%
FY2023 40.7× 36.28%
FY2022 29.8× (73.07%)
FY2021 111× (5.52%)
FY2020 117× 19.46%
FY2019 98.1× 47.69%
FY2018 66.5× (14.78%)
FY2017 78.0× 26.14%
FY2016 61.8× 13.79%

Quarterly newest first

Period Book value per share Change
Sep 2026 48.9× (16.87%)
Jun 2026 58.8× 10.57%
Mar 2026 53.2× (10.86%)
Dec 2025 59.7× 9.00%
43 more quarters

Against its own ten years

Low 29.8× High 117×
Ten-year median 61.8×
Current reading's percentile 45

Book value per share against peers

Company Book value per share
JXN Jackson Financial Inc. compare 132×
PRI Primerica, Inc. compare 91.8×
BHF Brighthouse Financial, Inc. compare 88.2×
UNM Unum Group compare 67.9×
LNC Lincoln National Corporation 48.9×
FG F&G Annuities & Life, Inc. compare 36.1×
GNW Genworth Financial, Inc. compare 25.7×
CNO CNO Financial Group, Inc. compare 25.2×
GL Globe Life Inc. compare 0.0×

What Book value per share is

BV per Share tells an investor how much of a company’s accounting net worth stands behind each share.

(Shareholders Equity (Total) ÷ Shares (Basic, Weighted))

The full definition of Book value per share →

More on LNC