The financials
Lincoln National Corporation by the numbers
Lincoln National Corporation (LNC) reported revenue of $5.31B in Q1 2026 (quarter ended Mar 31, 2026), up 13% from the same quarter a year earlier. That came with net loss of $172M. For the full year FY2025, revenue was $18.2B (−1.2% year on year) and net income $1.18B. Its largest segment in Jun 2026 was Group Protection at $1.57B, 35% of the disclosed total, just ahead of Annuities at 31%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $5.31B | $4.69B | +13% |
| Net income | −$172M | −$722M | n/a |
| Diluted EPS | −$1.10 | −$4.41 | n/a |
| Operating | Revenue | Share |
|---|---|---|
| Group Protection | $1.57B | 35% |
| Annuities | $1.38B | 31% |
| Life | $1.21B | 27% |
| Retirement Plan Services | $353M | 7.8% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Jun 2026Total $4.51B (-14%)
Annuities grew +102% year on yearLife -21% year on year
Segment Latestquarter on quarteryear on year
- Group Protection$1.57B$1.57BQoQ +1.2%year on year +2.3%+1.2%+2.3%
- Annuities$1.38B$1.38BQoQ -12%year on year +102%-12%+102%
- Life$1.21B$1.21BQoQ -32%year on year -21%-32%-21%
- Retirement Plan Services$353.0M$353.0MQoQ +2.9%year on year +10.0%+2.9%+10.0%