Flash FinanceUS
Pre-market S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026
AI brief of an SEC Form 8-K · Lincoln Financial (LNC)

Lincoln National Q4 adjusted EPS rises to $2.21; GAAP EPS falls to $3.80

Mixed Impact 3 of 5 earnings Written later

Lincoln National reported fourth-quarter 2025 net income available to common stockholders of $745 million, or $3.80 per diluted share, down from $1,675 million, or $9.63, a year earlier. Adjusted operating income available to common stockholders rose to $434 million, or $2.21 per diluted share, from $332 million, or $1.91, and the company attributed the gap mainly to the non-economic impact of changes in market risk benefits. Holding company available liquidity was $655 million at year-end, net of prefunding.

Key points

  • Q4 2025 net income available to common stockholders was $745 million ($3.80 per diluted share), versus $1,675 million ($9.63) in Q4 2024.
  • Q4 2025 adjusted operating income available to common stockholders was $434 million ($2.21 per diluted share), versus $332 million ($1.91) a year earlier.
  • Full-year 2025 net income available to common stockholders was $1,086 million ($5.83 per diluted share), versus $3,187 million ($18.41) in 2024; full-year adjusted per-share income was $8.23, versus $7.07.
  • Book value per share including AOCI was $51.88 at December 31, 2025, versus $42.60 at December 31, 2024.

The filing

CompanyLincoln Financial (LNC)
Form8-K, current report
Filed with the SECFeb 12, 2026, 6:05 AM ET
Accession number0000059558-26-000007

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 February 12, 2026.

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.