Lincoln National Q1 net loss narrows to $211 million; adjusted operating income rises to $326 million
Lincoln National Corporation reported a first-quarter 2026 net loss available to common stockholders of $211 million, or $1.10 per diluted share, compared with a loss of $756 million, or $4.41 per share, a year earlier. Adjusted operating income rose to $326 million, or $1.66 per diluted share, from $280 million, or $1.60 per share, and the company said holding company available liquidity, net of prefunding, increased to $805 million.
Key points
- Net loss available to common stockholders was $211 million, or $1.10 per diluted share, versus $756 million, or $4.41 per share, in the first quarter of 2025.
- Adjusted operating income available to common stockholders was $326 million, or $1.66 per diluted share, up from $280 million, or $1.60 per share.
- Holding company available liquidity, net of prefunding, rose to $805 million from $466 million at March 31, 2025.
- Annuities operating income fell 5% to $275 million, while Retirement Plan Services operating income rose 26% to $43 million.
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 May 07, 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.