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

39.47 2.13 −5.12%
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

Lincoln National Corporation (LNC) Return on equity

Alert me on Return on equity

Lincoln National Corporation's return on equity over the twelve months to 30 September 2026 was 0.00%, down 12.6 percentage points from fiscal 2025 (12.6%). Over the past ten years it has ranged from −16.6% (fiscal 2023) to 48.3% (fiscal 2024); the current reading is higher than 73% of that period. That is below the Insurance Life industry median of 8.47% and below the Financial sector median of 9.01%.

Return on equity, annual

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Annual newest first

Period Return on equity Change (points)
FY2025 12.6% (35.65)
FY2024 48.3% 64.92
FY2023 −16.6% (27.56)
FY2022 10.9% (6.47)
FY2021 17.4% 15.04
FY2020 2.35% (2.86)
FY2019 5.21% (5.15)
FY2018 10.4% (2.72)
FY2017 13.1% 4.59
FY2016 8.49% 0.63

Against its own ten years

Low −16.6% High 48.3%
Ten-year median 10.4%
Current reading's percentile 73

Return on equity against peers

Company Return on equity
PRI Primerica, Inc. compare 31.2%
CNO CNO Financial Group, Inc. compare 16.9%
BHF Brighthouse Financial, Inc. compare 10.1%
JXN Jackson Financial Inc. compare 9.12%
FG F&G Annuities & Life, Inc. compare 8.67%
UNM Unum Group compare 2.25%
GNW Genworth Financial, Inc. compare 0.57%
GL Globe Life Inc. compare 0.00%
LNC Lincoln National Corporation 0.00%
Insurance Life industry median 8.47%
Financial sector median 9.01%
Market median 0.51%

What Return on equity is

ROE shows how much profit a company earns for its shareholders on the equity they have in the business.

Annual: Net Income Allotted to Shareholders ÷ Average Common Equity; TTM: Net Income Allotted to Shareholders ÷ Average Common Equity (latest quarter)

The full definition of Return on equity →

More on LNC