Lincoln National Ratios and Metrics

Market cap in millions BRL. Fiscal year is January - December.

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2019 - 2015
Period Ending	Dec '25 Dec 3, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2019 - 2015
Market Capitalization	43,939	33,409	22,203	27,481	68,728	50,494	Upgrade
Market Cap Growth	31.02%	50.47%	-19.21%	-60.01%	36.11%	7.34%	Upgrade
Enterprise Value	33,601	42,408	50,934	60,797	95,550	78,018	Upgrade
PE Ratio	4.08	1.70	-	3.83	3.27	19.49	Upgrade
PS Ratio	0.45	0.30	0.39	0.28	0.70	0.56	Upgrade
PB Ratio	0.79	0.65	0.66	1.02	0.59	0.43	Upgrade
P/OCF Ratio	-	-	-	1.44	-	18.21	Upgrade
EV/Sales Ratio	0.34	0.38	0.90	0.61	0.97	0.86	Upgrade
EV/EBITDA Ratio	4.51	7.16	-	5.26	15.37	18.14	Upgrade
EV/EBIT Ratio	4.63	7.23	-	5.32	15.91	19.39	Upgrade
Debt / Equity Ratio	0.74	0.87	1.12	1.55	0.38	0.36	Upgrade
Debt / EBITDA Ratio	5.64	7.27	-	3.55	6.68	9.23	Upgrade
Quick Ratio	1.20	1.11	1.08	1.13	0.57	0.56	Upgrade
Current Ratio	2.29	2.33	2.35	2.94	3.30	2.90	Upgrade
Asset Turnover	0.05	0.05	0.03	0.05	0.05	0.05	Upgrade
Return on Equity (ROE)	21.68%	43.20%	-12.54%	10.50%	17.39%	2.35%	Upgrade
Return on Assets (ROA)	0.21%	0.15%	-0.57%	0.38%	0.18%	0.14%	Upgrade
Return on Capital (ROIC)	4.97%	3.94%	-14.46%	6.50%	2.27%	1.68%	Upgrade
Earnings Yield	24.49%	60.63%	-16.43%	26.12%	30.63%	5.13%	Upgrade
Dividend Yield	3.00%	5.94%	8.25%	6.79%	2.89%	3.56%	Upgrade
Payout Ratio	19.29%	12.15%	-	22.83%	8.44%	62.32%	Upgrade
Buyback Yield / Dilution	-5.54%	-2.07%	1.82%	8.93%	2.48%	3.78%	Upgrade
Total Shareholder Return	-2.53%	3.87%	10.07%	15.72%	5.37%	7.34%	Upgrade

Source: S&P Capital IQ. Insurance template. Financial Sources.