Lincoln National Corporation (LNC) AI Stock Analysis

Lincoln National Corporation operates within the insurance and retirement sectors across four distinct segments: Annuities, Retirement Plan Services, Life Insurance, and Group Protection. The Annuities segment offers fixed, variable, and indexed variable annuities for retirement income solutions. The Retirement Plan Services segment provides defined contribution retirement plan products, recordkeeping, compliance testing, and custodial services to employers. The Life Insurance segment delivers term, universal, variable, and indexed universal life policies alongside riders for critical illness and long-term care. Group Protection provides non-medical coverages including disability, dental, vision, accident, and critical illness.

Revenue increased from $17.61B in FY2021 to $18.21B in FY2025, reflecting a 5-year revenue CAGR of 0.7%. After experiencing net losses of -$2.23B in FY2022 and -$752.0M in FY2023, net income rebounded to $3.27B in FY2024 and reached $1.18B in FY2025, producing a net margin of 6.5%. In the latest quarter ending June 30, 2026, quarterly revenue grew 12.6% year-over-year while quarterly earnings expanded 76.8%. Over the trailing twelve months, total revenue was $19.39B with an operating margin of 4.6% and a profit margin of 12.2%, generating an EPS of $11.73.

As of June 30, 2026, Lincoln National Corporation held $52.32B in cash and short-term investments against $6.87B in total debt, resulting in net cash of $45.45B. The company reported shareholders' equity of $11.35B and total assets of $429.80B, with a debt-to-equity ratio of 0.60 and a current ratio of 25.41. In FY2025, operating cash flow and free cash flow stood at -$167.0M. During FY2025, cash deployment included $416.0M in dividends paid alongside $829.0M from share issuance.

At a last close of $39.83 on October 16, 2026, Lincoln National Corporation carries a market capitalization of $7.63B. The stock trades at a trailing P/E of 3.4x and a forward P/E of 5.2x, below the median of its US-listed Financial Services peers at 12.1x and 10.8x, respectively. Its price-to-sales ratio is 0.4x compared to the peer median of 3.2x. Over the past year, the stock returned 9.6% compared to 16.8% for the S&P 500, while its 5-year return of -28.3% trailed the index return of 83.0%.

The company pays a quarterly dividend totaling an annual forward payout of $1.80 per share, representing a dividend yield of 4.52%. Lincoln National Corporation has maintained consecutive dividend payments for 42 years, supported by a payout ratio of 22.1% and a 5-year annualized dividend growth rate of 2.4%. Its last ex-dividend date was October 9, 2026.

Wall Street coverage consists of 3 Strong Buy, 3 Buy, 5 Hold, 1 Sell, and 1 Strong Sell recommendations. The mean price target of $47.83 implies an upside of 20.1% from the last close of $39.83. For the fiscal year ending December 31, 2026, analysts estimate EPS of $7.90 and revenue of $19.79B. The company beat EPS estimates in each of the last 4 quarters, with next earnings scheduled for November 5, 2026.

This page is an AI-written research summary of Lincoln National Corporation (LNC). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: LNC income statement, LNC balance sheet, LNC key metrics, LNC analyst forecast, LNC chart. See the LNC stock overview for the latest quote and news.