Lincoln National Corporation (LNC)
NYSE: LNC · Real-Time Price · USD
34.00
-0.04 (-0.12%)
At close: Mar 9, 2026, 4:00 PM EDT
33.60
-0.40 (-1.18%)
After-hours: Mar 9, 2026, 7:00 PM EDT
Lincoln National Balance Sheet
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | 2020 - 2016 |
|---|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | 2020 - 2016 |
| Investments in Debt Securities | 93,193 | 86,857 | 88,491 | 99,377 | 118,242 | Upgrade
|
| Investments in Equity & Preferred Securities | 1,275 | 919 | 905 | 1,123 | 1,155 | Upgrade
|
| Policy Loans | 2,626 | 2,476 | 2,476 | 2,359 | 2,364 | Upgrade
|
| Other Investments | 40,221 | 36,993 | 33,910 | 15,030 | 3,977 | Upgrade
|
| Total Investments | 161,463 | 150,353 | 147,104 | 139,688 | 148,189 | Upgrade
|
| Cash & Equivalents | 9,502 | 5,801 | 3,365 | 3,343 | 2,612 | Upgrade
|
| Reinsurance Recoverable | 28,012 | 28,750 | 29,843 | 19,953 | 20,295 | Upgrade
|
| Other Receivables | 1,208 | 1,207 | 1,114 | 1,253 | 1,189 | Upgrade
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| Deferred Policy Acquisition Cost | 12,238 | 11,916 | 11,732 | 11,505 | 5,890 | Upgrade
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| Separate Account Assets | 180,092 | 168,438 | 158,257 | 143,536 | 182,583 | Upgrade
|
| Property, Plant & Equipment | 58 | 85 | 118 | 154 | 184 | Upgrade
|
| Goodwill | 1,144 | 1,144 | 1,144 | 1,144 | 1,778 | Upgrade
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| Other Intangible Assets | 26 | 30 | 34 | 38 | 42 | Upgrade
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| Other Current Assets | 13,016 | 12,894 | 10,116 | 8,347 | 13,248 | Upgrade
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| Long-Term Deferred Charges | 211 | 198 | 195 | 198 | 203 | Upgrade
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| Other Long-Term Assets | 10,234 | 10,015 | 9,391 | 5,172 | 10,732 | Upgrade
|
| Total Assets | 417,204 | 390,831 | 372,413 | 334,331 | 386,945 | Upgrade
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| Insurance & Annuity Liabilities | 157,494 | 148,045 | 145,958 | 143,143 | 140,329 | Upgrade
|
| Unpaid Claims | 5,713 | 5,510 | 5,566 | 5,335 | 6,280 | Upgrade
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| Reinsurance Payable | 17,922 | 16,907 | 17,641 | 5,740 | - | Upgrade
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| Current Portion of Long-Term Debt | 400 | 300 | 250 | 500 | 300 | Upgrade
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| Current Portion of Leases | 26 | - | - | - | - | Upgrade
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| Long-Term Debt | 6,590 | 6,838 | 7,359 | 7,166 | 7,150 | Upgrade
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| Long-Term Leases | 37 | 89 | 129 | 258 | 332 | Upgrade
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| Separate Account Liability | 180,092 | 168,438 | 158,257 | 143,536 | 182,583 | Upgrade
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| Other Current Liabilities | 15,115 | 12,449 | 9,077 | 4,783 | 6,131 | Upgrade
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| Other Long-Term Liabilities | 22,909 | 23,986 | 21,283 | 18,677 | 22,964 | Upgrade
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| Total Liabilities | 406,298 | 382,562 | 365,520 | 329,229 | 366,191 | Upgrade
|
| Preferred Stock, Redeemable | 986 | 986 | 986 | 986 | - | Upgrade
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| Common Stock | 5,592 | 4,674 | 4,605 | 4,544 | 4,735 | Upgrade
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| Retained Earnings | 8,386 | 7,645 | 4,778 | 5,924 | 9,578 | Upgrade
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| Comprehensive Income & Other | -4,058 | -5,036 | -3,476 | -6,352 | 6,441 | Upgrade
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| Total Common Equity | 9,920 | 7,283 | 5,907 | 4,116 | 20,754 | Upgrade
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| Shareholders' Equity | 10,906 | 8,269 | 6,893 | 5,102 | 20,754 | Upgrade
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| Total Liabilities & Equity | 417,204 | 390,831 | 372,413 | 334,331 | 386,945 | Upgrade
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| Filing Date Shares Outstanding | 190.09 | 170.4 | 169.67 | 169.22 | 172.45 | Upgrade
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| Total Common Shares Outstanding | 190.05 | 170.38 | 169.67 | 169.22 | 177.19 | Upgrade
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| Total Debt | 7,053 | 7,227 | 7,738 | 7,924 | 7,782 | Upgrade
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| Net Cash (Debt) | 2,449 | -1,426 | -4,373 | -4,581 | -5,170 | Upgrade
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| Net Cash Per Share | 13.16 | -8.24 | -25.79 | -26.53 | -27.26 | Upgrade
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| Book Value Per Share | 52.20 | 42.75 | 34.82 | 24.32 | 117.13 | Upgrade
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| Tangible Book Value | 8,750 | 6,109 | 4,729 | 2,934 | 18,934 | Upgrade
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| Tangible Book Value Per Share | 46.04 | 35.86 | 27.87 | 17.34 | 106.85 | Upgrade
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Source: S&P Capital IQ. Insurance template. Financial Sources.