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AI brief of an SEC Form 8-K · Lincoln Financial (LNC)

Lincoln National adjusted EPS rises to $2.36 but GAAP net income falls to $688 million

Mixed Impact 3 of 5 earnings Written later

Lincoln National reported second quarter 2025 results, with adjusted operating income per diluted share up to $2.36 from $1.87 a year earlier while GAAP net income available to common stockholders fell to $688 million from $884 million. The company said it closed its transaction with Bain Capital, which it expects to support acceleration of strategic priorities. The GAAP decline reflects large non-operating items, including a $0.3 billion net after-tax gain, so shareholders will see the two earnings measures moving in opposite directions.

Key points

  • Net income available to common stockholders was $688 million, or $3.80 per diluted share, versus $884 million, or $5.11, in the prior-year quarter.
  • Adjusted operating income available to common stockholders was $427 million, or $2.36 per diluted share, versus $324 million, or $1.87, a year earlier.
  • Group Protection operating income was $173 million, up 33%, with an operating margin of 12.5%.
  • The company closed its transaction with Bain Capital; the filing gives no deal value or terms.

The filing

CompanyLincoln Financial (LNC)
Form8-K, current report
Filed with the SECJul 31, 2025, 6:09 AM ET
Accession number0000059558-25-000080

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 31, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.