LINCOLN NATIONAL CORPORATION financials

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LNC CIK 0000059558

Source: EDGAR filings · Built 2026-06-02T03:28:33Z

Key metrics by reporting period

Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.

Derived Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Net Debt -3.17B 444.00M 2.74B 3.25B 4.64B 5.40B
Net Margin 6.46% 17.76% -6.46% 7.22% 21.33% 2.86%
Return on Equity (ROE) 10.79% 39.61% -10.91% 26.62% 18.97% 2.20%
Return on Assets (ROA) 0.28% 0.84% -0.20% 0.41% 0.98% 0.14%
Debt-to-Equity 0.58× 0.76× 0.89× 1.29× 0.36× 0.31×
Effective Tax Rate 12.03% 18.57% 34.49% 21.28% 18.63% -17.97%
Cash Conversion Ratio -0.14× -0.61× 2.76× 2.66× -0.06× 1.07×
Accruals Ratio 0.00× 0.01× 0.00× -0.01× 0.01× -0.00×
SBC % of Revenue 0.43% 0.35% 0.52% 0.27% 0.34% 0.29%

Valuation Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
P/E Trailing (Diluted) 7.64× 1.72× — 3.95× 3.42× 19.65×
P/S 0.46× 0.29× 0.39× 0.28× 0.68× 0.55×
P/B 0.78× 0.65× 0.66× 1.02× 0.61× 0.43×

Income Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenues 18.21B 18.44B 11.64B 18.81B 17.71B 17.44B
Income Tax Expense (Benefit) 161.00M 747.00M -396.00M 367.00M 865.00M -76.00M
Net Income (Loss) Attributable to Parent 1.18B 3.27B -752.00M 1.36B 3.78B 499.00M
Earnings Per Share, Basic $5.94 $18.66 $-4.92 $7.93 $20.17 $2.58
Weighted Average Number of Shares Outstanding, Basic 182.67B 170.60B 169.56B 171.03B 187.36B 193.61B
Earnings Per Share, Diluted $5.83 $18.41 $-4.92 $7.78 $19.96 $2.56
Weighted Average Number of Shares Outstanding, Diluted 186.06B 173.08B 170.74B 172.70B 189.64B 194.47B

Balance Sheet

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Assets 417.20B 390.83B 372.41B 334.33B 386.94B 365.95B
Long-term Debt 5.87B 5.86B 5.70B 6.33B 6.33B 6.33B
Long-term Debt, Excluding Current Maturities — — — — 6.63B 6.68B
Liabilities 406.30B 382.56B 365.52B 329.23B 366.19B 343.25B
Stockholders' Equity Attributable to Parent 10.91B 8.27B 6.89B 5.10B 19.91B 22.70B
Common Stock, Shares, Outstanding 190.05M 170.38M 169.67M 169.22M 177.19M 192.33M

Cash Flow Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Net Cash Provided by (Used in) Operating Activities -167.00M -2.01B -2.07B 3.61B -217.00M 534.00M
Net Cash Provided by (Used in) Investing Activities -4.01B 821.00M -3.33B -11.65B -3.58B -9.48B
Payments for Repurchase of Common Stock — 0 0 550.00M 1.10B 275.00M
Payments of Dividends — — — 310.00M 319.00M 311.00M
Net Cash Provided by (Used in) Financing Activities 7.88B 3.62B 5.43B 8.77B 4.71B 8.09B

Raw XBRL tagging for a single filing

Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.

Most recent filing shown by default.

Compare filings side-by-side

Diff any two filings with deltas and added / removed tags.

Immaterial rows are USD line items under 1% of the period's revenue — the noise floor below which a single tag rarely moves the investment thesis. Revenue is read from the filer's top-line concept (Revenues / RevenueFromContractWithCustomerExcludingAssessedTax, with a fallback chain). Non-USD rows, rows without a numeric value, and every row on a filing with no identifiable revenue anchor stay visible. Flip the switch off to see every tag the filer reported for the period.

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Methodology

All facts on this page come straight from SEC EDGAR XBRL company-facts filings (LNC CIK 0000059558), grouped by financial statement using FASB's base us-gaap presentation taxonomy. Filers may re-parent concepts onto different statements in their own extension taxonomy, so a handful of rows can show up under a different statement than on the actual 10-K / 10-Q; custom concepts and any we couldn't map fall into Other. Hover a cell to see the fully-qualified concept name and the filer's description.

For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.

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