Lincoln National Q3 net income rises to $411 million, $2.12 a share from a loss
Lincoln National reported third quarter 2025 net income available to common stockholders of $411 million, or $2.12 per diluted share, compared with a loss of $562 million a year earlier. Adjusted operating income was $397 million, or $2.04 per diluted share, slightly below $2.06 a year earlier, and an annual assumption review reduced net income by $50 million in the quarter.
Key points
- Net income available to common stockholders was $411 million, or $2.12 per diluted share, versus a loss of $562 million in Q3 2024.
- Adjusted operating income available to common stockholders was $397 million, or $2.04 per diluted share, versus $2.06 in Q3 2024.
- The annual assumption review cut net income by $50 million in the quarter.
- Annuities sales were $4.5 billion, up 32% year over year, and the company recorded $174 billion in ending account balances, a record high.
The filing
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 October 30, 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.