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NYSE · Insurance - Life · USD

Lincoln National Corporation (LNC) Stock Analysis

Lincoln National Corporation (LNC) is a Insurance - Life stock listed on NYSE and quoted in US Dollar.

LNC

$45.47

−$0.19 (−0.42%)

Sep 4, 2026 · Market close

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Price History

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LNC Key Statistics

As of Sep 4, 2026
Trading
Open
$45.27
Previous Close
$45.66
Day's Range
45.15–45.90
52-Week Range
32.18–47.67
Volume
1.67M
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
1.11
Valuation
Market Cap
$8.71B
P/E Ratio
3.83
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
5.24
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
1.01
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
0.45
EPS (ttm)Profit attributable to each share over the last twelve months.
11.87
Financials (FY)
Revenue (FY)
$18.34B+1.96%
Net Income (FY)
$1.18B−64.06%
Profit marginThe share of revenue left as profit after all costs and taxes.
12.17%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
191.45M
1-Year Return
+10.17%
Dividend and dates
Dividend
$1.80+3.94%
Ex-Dividend Date
October 9, 2026
Earnings Date
October 29, 2026estimated
Avg Volume
1.92M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

LNC Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+5.72%
2025+48.02%
2024+24.78%
2023−5.55%
2022−53.53%
2021+39.49%
2020−11.08%
2019+17.95%
2018−31.98%
2017+17.98%
2016 (partial year)+44.38%

As of September 4, 2026.

LNC Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$18.34B$1.18B6.4%
2024$17.99B$3.28B18.2%
2023$11.71B−$752.00M−6.4%
2022$18.93B$1.36B7.2%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$18.34B$1.18B6.4%
2024$17.99B$3.28B18.2%
2023$11.71B−$752.00M−6.4%
2022$18.93B$1.36B7.2%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

LNC Dividend History

$1.80+0.0% vs 2024

Dividends per share, 2025 · 4 payments

YearDividends per sharePaymentsChange
2026*$1.353
2025$1.804+0.0%
2024$1.804+0.0%
2023$1.804+0.0%
YearDividends per sharePaymentsChange
2026 (partial year)$1.353
2025$1.804+0.0%
2024$1.804+0.0%
2023$1.804+0.0%
2022$1.804+7.1%
2021$1.684+5.0%
2020$1.604+8.1%
2019$1.484+12.1%
2018$1.324+13.8%
2017$1.164+364.0%
2016$0.251

Most recent payment: $0.45 per share, ex-dividend July 10, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

LNC Valuation vs Insurance - Life Median

Median of 26 stocks
MetricLNCInsurance - Life medianvs median
P/E3.8311.4066% below
P/S ratio0.451.1360% below
Profit margin12.17%11.35%0.8 pts above

Medians across 26 Insurance - Life stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Recent News

All 11 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

The market values Lincoln National Corporation (LNC) at $8.71B. The company sits in the Financial Services sector, in the Insurance - Life industry. The company reports 9,423 employees.

The 52-week range on file runs from $32.18 to $47.67. The most recent close on file for LNC is $45.47, dated September 4, 2026. That is −$0.19 (−0.42%) against the previous close. The latest close sits 41.3% above that 52-week low.

Financial Health

In fiscal 2025, Lincoln National Corporation reported revenue of $18.34B. That is +1.96% against the prior fiscal year, when revenue was $17.99B. Net income for the same year was $1.18B. That is −64.06% against the prior fiscal year. Profit margin runs at 12.17%. That is 0.8 percentage points above the Insurance - Life median of 11.35%. Trailing earnings per share are 11.87.

Across the 4 fiscal years on file, revenue moves from $18.93B in 2022 to $18.34B in 2025. Of those 4 years, 3 report positive net income.

Valuation Assessment

The trailing P/E ratio stands at 3.83. That is 66.4% below the Insurance - Life median of 11.4. On forward earnings the ratio is 5.24. The PEG ratio, which sets the P/E against expected earnings growth, reads 1.01. The price-to-sales ratio is 0.45. On price-to-sales that is 60.4% below the Insurance - Life median of 1.13. The medians here are taken across 26 Insurance - Life companies that report the metric.

Over the trailing twelve months the price has returned +10.17%. Across 10 years the annualized return works out at +3.38%. Beta against the wider market is reported at 1.11. Annualized volatility over the trailing 10 years is 46.62%.

Growth & Income

LNC pays a dividend yielding 3.94%. That is 1.3 percentage points above the Insurance - Life median yield of 2.68%. The indicated annual rate is $1.80 a share. The ex-dividend date on file is October 9, 2026. Dividends are recorded for 11 calendar years; 2026 shows 3 payments totalling $1.35 a share. The year before, 2025, totalled $1.80 a share.

2026 is still running; the price is +5.72% year to date. Across the complete calendar years on file, 2025 returned +48.02% and 2022 returned −53.53%. Of the 9 complete calendar years on file, 5 finished higher.

Peer Comparison

Lincoln National Corporation (LNC) operates in the Insurance - Life industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Lincoln National Corporation LNC $8.71B 3.8
Great-West Lifeco Inc. GWO.TO $82.89B 19.1
Manulife Financial Corporation MFC $73.57B 16.8
MetLife, Inc. MET $62.04B 19.0

The Insurance - Life industry average P/E ratio is 11.4x. Lincoln National Corporation trades at a P/E of 3.8.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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About Lincoln National Corporation

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The Life Insurance segment provides life insurance products, including term insurance, universal life insurance (UL), indexed universal life insurance, variable universal life insurance (VUL), linked-benefit UL and VUL products, and critical illness and long-term care riders. Its Annuities segment offers variable, fixed, and registered index-linked annuities. The Group Protection segment offers group nonmedical insurance products consisting of short and long-term disability and administration services, statutory disability; paid family medical leave administration and absence management services; term life; life; supplemental health insurance; accident, critical illness, and hospital indemnity benefits and dental and vision products to the employer marketplace through various forms of employee-paid and employer-paid plans. Its Retirement Plan Services segment provides employers with retirement plan products and services primarily in the defined contribution retirement plan marketplace; individual and group variable annuities, group fixed annuities, and mutual fund-based programs; and various plan services, including plan recordkeeping, compliance testing, participant education, and trust and custodial services. It distributes its products through consultants, brokers, planners, agents, financial advisors, third-party administrators, financial institutions, and other intermediaries. Lincoln National Corporation was founded in 1905 and is headquartered in Radnor, Pennsylvania.

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