NYSE · LIFE INSURANCE · LARGE CAP
Lincoln National Corp. LNC
19 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$18.2B
▼ 1.2% vs FY2024
EPS · FY25
$5.83
Dividend / sh · FY25
$1.80
Payout · FY25
28%
ROE · FY25
12.3%
Net margin · FY25
6.5%
Dividend coverage
3.2×
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Result
USD 18.2B
Revenue, FY2025 · full 19-year series below
Revenue
Net income
6 cents of every revenue dollar became profit this year.
Per share
USD 5.83
Diluted EPS, FY2025
EPS
Dividend
Earnings covered the dividend 3.2 times — the rest stayed in the company.
Profitability
12.3%
Return on equity, FY2025
ROE
Operating margin7.3%
Net margin6.5%
Return on assets0.3%
Each USD of equity produced 12 cents of profit this year.
Returned to shareholders
USD 325.0M
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 325.0M
Net buybacks—
Share of profit27.6%
Consecutive raises—
USD 325.0M in dividends — 28% of the year's profit went back to shareholders.
Growth
+0.9% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
−1.1%
+0.9%
+3.0%
+3.8%
Net income
−4.7%
+18.7%
+0.2%
+1.8%
EPS, diluted
−9.2%
+17.9%
+2.6%
+6.4%
Dividend / share
+0.0%
+2.1%
+7.8%
+23.1%
Returned to shareholders
−27.7%
−11.1%
−11.5%
+14.6%
Compound annual rates per period — left blank where the series crosses a loss.
Share base
0.19B
Shares outstanding, FY2025
Change, 5 years−1.2%
Change, 10 years−22.1%
The share count shrank 1% in five years — the same company, cut into fewer, larger slices.
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Balance sheet
USD 417.2B
total assets, end of FY2025
Total assetsUSD 417.2B
EquityUSD 10.9B
CashUSD 9.5B
Gross debtUSD 6.7B
Net debtUSD -2.8B
The company holds more cash than debt.
History
19 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
Revenue $B
18.2
18.4
11.6
18.8
17.7
17.4
17.3
16.4
14.3
13.3
13.6
13.6
12.0
11.5
10.6
10.4
8.5
9.2
9.6
Operating income $B
1.3
4.0
−1.1
1.7
4.6
0.4
0.9
·
·
·
·
·
·
·
·
·
·
·
·
EBITDA $B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Income tax $B
0.2
0.7
−0.4
0.4
0.9
−0.1
0.0
0.2
−0.9
0.3
0.3
0.5
0.4
0.3
0.3
0.3
−0.1
−0.1
0.5
Net income $B
1.2
3.3
−0.8
1.4
3.8
0.5
0.9
1.6
2.1
1.2
1.2
1.5
1.2
1.3
0.2
0.9
−0.5
0.1
1.2
EPS, diluted $
5.83
18.41
−4.92
7.78
19.96
2.56
4.38
7.40
9.22
5.03
4.51
5.67
4.52
4.56
0.69
2.30
−1.85
0.22
4.43
Dividend / sh $
1.80
1.80
1.80
1.80
1.71
1.62
1.51
1.36
1.20
1.04
0.85
0.68
0.52
0.36
0.23
0.08
0.04
1.46
1.60
Payout %
28
9
−41
23
8
62
34
18
13
20
18
11
10
7
28
5
−16
754
35
ROE %
12.3
43.2
−12.5
10.9
17.7
2.4
5.2
10.4
13.1
8.5
7.9
10.4
8.8
9.4
1.8
15.8
−12.6
0.6
10.4
Shares out B
0.19
0.17
0.17
0.17
0.18
0.19
0.20
0.21
0.22
0.23
0.24
0.26
0.26
0.27
0.29
0.32
·
·
·
Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.
How we verifyAUDITED
36 of 36
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity
Every figure was compared against the original statement: 0 failures and 0 presentation gaps.
What we don’t show
We’d rather say what’s missing than fill the gap with an estimate.
P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed