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Lincoln Financial (LNC)

NYSE Financials Multi-line Insurance S&P SmallCap 600
$40.05
+0.89 (+2.27%)
Close of Nov 06, 2026 · end-of-day data
Source: Lincoln Financial's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$13.33B$14.26B$1.34B$17.26B$17.44B$17.71B$18.81B$11.64B$18.44B$18.21B
Interest expense$331.00M$253.00M$297.00M$326.00M$284.00M$270.00M$283.00M$331.00M$336.00M$227.00M
Pre-tax income$1.46B$1.13B$1.89B$919.00M$423.00M$4.64B$1.73B-$1.15B$4.02B$1.34B
Income tax$266.00M-$949.00M$244.00M$33.00M-$76.00M$865.00M$367.00M-$396.00M$747.00M$161.00M
Net income$1.19B$2.08B$1.64B$886.00M$499.00M$3.78B$1.36B-$752.00M$3.27B$1.18B
EPS (basic)$5.09$9.36$7.60$4.41$2.58$20.17$7.93$-4.92$18.66$5.94
EPS (diluted)$5.03$9.22$7.40$4.38$2.56$19.96$7.78$-4.92$18.41$5.83
Diluted shares236.83M226.22M219.55M202.11M194.47M189.64M172.70M170.74M173.08M186.06M
Net margin8.9%14.6%122.2%5.1%2.9%21.3%7.2%-6.5%17.8%6.5%

Balance sheet

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$2.72B$1.63B$2.35B$2.56B$1.71B$2.61B$3.34B$3.37B$5.80B$9.50B
Goodwill$2.27B$1.37B$1.78B$1.78B$1.78B$1.78B$1.14B$1.14B$1.14B$1.14B
Total assets$261.63B$281.76B$298.15B$334.76B$365.95B$394.75B$334.33B$372.41B$390.83B$417.20B
Short-term debt—$450.00M—$300.00M—$300.00M$500.00M$250.00M$300.00M$400.00M
Long-term debt$5.12B$5.12B$5.69B$6.13B$6.68B$6.62B$6.33B$5.70B$5.86B$5.87B
Total debt$5.12B$5.57B$5.69B$6.43B$6.68B$6.92B$6.83B$5.95B$6.16B$6.27B
Total liabilities$247.15B$264.44B$283.80B$315.07B$343.25B$374.83B$329.23B$365.52B$382.56B$406.30B
Shareholders' equity$14.48B$17.32B$14.35B$19.69B$22.70B$19.91B$5.10B$6.89B$8.27B$10.91B

Cash flow

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$1.27B$788.00M$1.94B-$2.69B$534.00M-$217.00M$3.61B-$2.07B-$2.01B-$167.00M
Free cash flow$1.27B$788.00M$1.94B-$2.69B$534.00M-$217.00M$3.61B-$2.07B-$2.01B-$167.00M
Investing cash flow-$3.67B-$4.19B-$5.82B-$5.50B-$9.48B-$3.58B-$11.65B-$3.33B$821.00M-$4.01B
Financing cash flow$1.97B$2.31B$4.59B$8.40B$8.09B$4.71B$8.77B$5.43B$3.62B$7.88B
Dividends paid$238.00M$262.00M$289.00M$303.00M$311.00M$319.00M$310.00M$305.00M$307.00M$325.00M
Share buybacks$879.00M$725.00M$900.00M$550.00M$275.00M$1.10B$550.00M$0$0—
Stock-based compensation$46.00M$50.00M$52.00M$62.00M$51.00M$61.00M$51.00M$61.00M$64.00M$78.00M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.