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StockVS

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.

Last Updated: October 21, 2026

LNC

$40.39

+$0.84 (+2.12%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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LNC Key Statistics

As of Oct 21, 2026
Trading
Open
$39.87
Previous Close
$39.55
Day's Range
39.56–40.58
52-Week Range
32.18–47.67
Volume
2.12M
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.
1.15
Valuation
Market Cap
$7.73B
P/E Ratio
3.44
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
4.63
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.
0.40
EPS (ttm)Profit attributable to each share over the last twelve months.
11.73
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
+5.28%
Dividend and dates
Dividend
$1.80+4.55%
Ex-Dividend Date
October 9, 2026
Earnings Date
November 5, 2026
Avg Volume
2.01M

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

Key facts

As of October 21, 2026, LNC closed at $40.39, +5.28% over 1 year.

Lincoln National Corporation (LNC) has a market capitalization of $7.73B.

In fiscal 2025, LNC reported revenue of $18.34B.

LNC Stock Return by Calendar Year

Lincoln National Corporation (LNC) 10-year return: what $10,000 became

1 year
$10,000 $10,528
+5.28%
5 years
$10,000 $6,954
−30.46%
10 years
$10,000 $12,218
+22.18%

If you had invested $10,000 in Lincoln National Corporation (LNC) 10 years ago, at the close on October 21, 2016, it would have been worth $12,218 at the close on October 21, 2026: +22.18% in total, +2.02% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

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

YearReturn
2026 (partial year)−6.09%
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 October 21, 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—

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 22 stocks
MetricLNCInsurance - Life medianvs median
P/E3.4412.180.3x the median
P/S ratio0.401.1064% below
Profit margin12.17%8.74%3.4 pts above

Medians across 22 Insurance - Life stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

All 20 articles ↓

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

Analysis

Data-derived

Company Overview

The market values Lincoln National Corporation (LNC) at $7.73B. 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 $40.39, dated October 21, 2026. That is +$0.84 (+2.12%) against the previous close. The latest close sits 25.51% 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 3.4 percentage points above the Insurance - Life median of 8.74%. Trailing earnings per share are 11.73.

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 3.44. That is 0.3 times the Insurance - Life median of 12.18. On forward earnings the ratio is 4.63. The PEG ratio, which sets the P/E against expected earnings growth, reads 1.01. The price-to-sales ratio is 0.4. On price-to-sales that is 63.81% below the Insurance - Life median of 1.1. The medians here are taken across 22 Insurance - Life companies that report the metric.

Over the trailing twelve months the total return is +5.28%. Across 10 years the annualized return works out at +2.02%. Beta against the wider market is reported at 1.15. Annualized volatility over the trailing 10 years is 46.65%.

Growth & Income

LNC pays a dividend yielding 4.55%. That is 2.2 percentage points above the Insurance - Life median yield of 2.38%. The indicated annual rate is $1.80 a share. The ex-dividend date on file is October 9, 2026. Dividends are recorded for 10 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 total return is −6.09% 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 $7.73B 3.4
Great-West Lifeco Inc. GWO.TO CA$82.20B 18.9
Manulife Financial Corporation MFC $74.87B 17.0
MetLife, Inc. MET $64.93B 19.6

Market caps are shown in each company's own trading currency, without conversion, and the peers are listed in order of these unconverted figures.

The Insurance - Life industry average P/E ratio is 12.2x. Lincoln National Corporation trades at a P/E of 3.4.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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 POW.TO

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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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