LINCOLN NATIONAL CORP
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 09/30/22 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $18.2B | $18.4B | $11.6B | $18.8B | — |
| Pretax income | $1.3B | $4.0B | -$1.1B | $1.7B | — |
| Income tax expense | $161.0M | $747.0M | -$396.0M | $367.0M | — |
| Net income | $1.2B | $3.3B | -$752.0M | $1.4B | — |
| Balance Sheet | |||||
| Total assets | $417.2B | $390.8B | $372.4B | $334.3B | $324.2B |
| Total liabilities | $406.3B | $382.6B | $365.5B | $329.2B | $321.5B |
| Total debt | — | — | $0 | $0 | — |
| Stockholders' equity | $10.9B | $8.3B | $6.9B | $5.1B | $2.7B |
| Cash Flow Statement | |||||
| Cash from operations | -$167.0M | -$2.0B | -$2.1B | $3.6B | — |
| Stock-based compensation | $78.0M | $64.0M | $61.0M | $51.0M | — |
| Dividends paid | $325.0M | $307.0M | $305.0M | $310.0M | — |
| Share repurchases | — | $0 | $0 | $550.0M | — |
| Impairments | $0 | $0 | $0 | $634.0M | — |
Shares outstanding 191.2M · Free float 96.2%
Annual filing data through FY ended December 31, 2025; float as of July 8, 2026.