FINANCIAL STRENGTH RATINGS The Nationally Recognized Statistical Ratings Organizations rate the financial strength of our insurance subsidiaries. Rating agencies rate insurance companies based on financial strength and the ability to pay obligations under insurance policies and contracts, factors more relevant to policyholders than investors. We believe that the ratings assigned by nationally recognized, independent rating agencies are material to our operations. There may be other rating agencies that also rate our insurance companies that we do not disclose in our reports.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 18.2B | 18.2B | 18.4B | 11.6B | 18.8B | 17.7B |
| Net Income | 1.1B | 1.1B | 3.2B | -834M | 1.4B | 3.8B |
| EPS | $5.83 | $5.83 | $18.41 | $-4.92 | $7.78 | $19.96 |
| Free Cash Flow | -167M | -167M | -2.0B | -2.1B | 3.6B | -217M |
| ROIC | 14.4% | 6.9% | 23.5% | -6.9% | 7.2% | 13.7% |
| Gross Margin | 7.3% | 7.3% | 21.8% | -9.9% | 1.1% | 3.2% |
| Debt/Equity | 0.61 | 0.61 | 1.23 | 1.44 | 2.20 | 0.55 |
| Dividends/Share | $1.74 | $1.80 | $1.80 | $1.80 | $1.80 | $1.71 |
| Operating Income | 1.3B | 1.3B | 4.0B | -1.1B | 1.7B | 4.6B |
| Operating Margin | 7.3% | 7.3% | 21.8% | -9.9% | 9.2% | 26.2% |
| ROE | 10.0% | 11.3% | 42.0% | -13.9% | 10.9% | 17.7% |
| Shares Outstanding | 186M | 186M | 173M | 170M | 175M | 189M |
LINCOLN NATIONAL CORP passes 4 of 9 quality checks, suggesting mixed fundamentals.
LINCOLN NATIONAL CORP trades at 6.1x trailing earnings, compared to its 15-year median P/E of 6.0x, suggesting it is currently Fair relative to its historical range. The company's 5-year average ROIC is 8.9% with a gross margin of 4.7%. Total shareholder yield (dividends) is 4.9%. At current prices, the estimated annualized return to fair value is +13.9%.
LINCOLN NATIONAL CORP (LNC) has a current P/E ratio of 6.1, compared to its historical median P/E of 6.0. The stock is currently considered Fair based on its historical valuation range.
LINCOLN NATIONAL CORP (LNC) has a 5-year average return on invested capital (ROIC) of 8.9%. This is below average and may indicate limited pricing power.
LINCOLN NATIONAL CORP (LNC) has a market capitalization of $6.6B. It is classified as a mid-cap stock.
Yes, LINCOLN NATIONAL CORP (LNC) pays a dividend with a trailing twelve-month yield of 4.94%.
Based on historical P/E analysis, LINCOLN NATIONAL CORP (LNC) appears fair. The current P/E of 6.1 is 2% above its historical median of 6.0. The estimated fair value CAGR (P/E method) is 5.5%.
LINCOLN NATIONAL CORP (LNC) operates in the Life Insurance industry, within the Financials sector.
LINCOLN NATIONAL CORP (LNC) reported annual revenue of $18.2 billion in its most recent fiscal year, based on SEC EDGAR filings.
LINCOLN NATIONAL CORP (LNC) has a net profit margin of 6.0%. This is a modest margin.
LINCOLN NATIONAL CORP (LNC) generated $-167 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
LINCOLN NATIONAL CORP (LNC) has a debt-to-equity ratio of 0.61. This indicates moderate leverage.
LINCOLN NATIONAL CORP (LNC) reported earnings per share (EPS) of $5.83 in its most recent fiscal year.
LINCOLN NATIONAL CORP (LNC) has a return on equity (ROE) of 11.3%. This indicates moderate shareholder returns.
LINCOLN NATIONAL CORP (LNC) has a 5-year average gross margin of 4.7%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 17 years of financial data for LINCOLN NATIONAL CORP (LNC), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
LINCOLN NATIONAL CORP (LNC) has a book value per share of $58.55, based on its most recent annual SEC filing.
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