Fundamental analysis · SEC EDGAR · TTM through 30/06/2026

Fundamental analysis of Lincoln National Corp

LNC · NYSE · Financial

Fundamental quality

ATTRACTIVE

77

out of 100

Lincoln National Corp is a mature, stable business: it earns money solidly (net margin 12.2%) but grows slowly (1.9% a year). On fundamental quality it scores 77 out of 100, profiling it as a company with solid fundamentals. Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

Lincoln National is an American life and annuity insurer with a president's name: life insurance, retirement plans and employee benefits. It has spent years repairing a balance sheet damaged by old guarantees costlier than expected.

What will shape its future

  • Capital rebuilding, the task dominating its recent story.
  • Interest rates, relief for its old guarantees and engine of its annuities.
  • Annuity sales and its repositioning toward lower-risk products.

Breakdown by area

I.Growth
77

EPS growth: 32.2% · Revenue growth: 1.9%

II.Profitability
77

Net margin: 12.2% · ROE: 20.8%

Source: SEC EDGAR · TTM through 30/06/2026

The score combines growth, profitability and financial strength, and here its pillars hold up evenly.

Versus its sector

Percentile against the other 71 Financial companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 33%
ROEbeats 77%
Growthbeats 7%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

Lincoln National Corp strengths

  • Growing earnings per share (32.2% annualized).
  • Strong return on equity (ROE of 20.8%): it puts shareholder capital to good use.
  • Solid net margin (12.2%): the business is clearly profitable.
  • It has cut its net debt over the period.

Lincoln National Corp risks and weaknesses

  • Weak revenue growth (1.9% annualized).

Lincoln National Corp historical evolution

YearRevenueNet incomeFree cash flowNet debt
202017,4394994,974
202117,7153,7784,313
202218,8101,3583,488
202311,645-7522,584
202418,4423,275355
202518,2121,177-3,236

Between 2020 and 2025, revenue went from $17,439M to $18,212M (+4%) and net income went from $499M to $1,177M (+136%). Meanwhile, its margins have widened (from 3% to 6%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the half-year ended June 30, 2026, versus the half-year ended June 30, 2025 (SEC filings):

  • Revenue+12.7%

What changed with the June 30, 2026 results

Compared with the previous close (March 31, 2026), this is what moved in its accounts:

  • Quality score7177
  • Net margin9.2%12.2%
  • ROE16.9%20.8%

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

$1.8

per share, yearly

27.6% of earnings

Payout

The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →

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Is Lincoln National Corp cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

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Frequently asked questions

Is Lincoln National Corp a good company to invest in?

In terms of business quality, Lincoln National Corp scores 77 out of 100 in our analysis, placing it as a company of high fundamental quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is Lincoln National Corp a profitable company?

Yes. Lincoln National Corp shows a net margin of 12.2% and an ROE of 20.8%, a sign of a profitable business.

Is Lincoln National Corp growing?

Its revenue has grown 1.9% annualized in recent years and its earnings per share 32.2%.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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