Lincoln National Corp. (LNC)

NYSE: LNC · Life Insurance · Radnor, PA · filing with the SEC since 1994

Grade3.2

◀ Past 2.6● Present 3.8▶ Future 3.2

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Income statement, as filed

In millions of US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Feb 19, 2026	Feb 21, 2025	Feb 22, 2024	Feb 16, 2023	Feb 17, 2022	Feb 18, 2021	Feb 20, 2020	Feb 20, 2019	Feb 22, 2018	Feb 23, 2017
Revenue	18,212	18,442	11,645	18,810^r	17,715^r	17,439	17,258	16,424	14,257	13,330
For lenders
Provision for credit losses	·	·	·	·	-112	117	1	-2	·	·
For insurers
Premiums earned	12,162	11,827	9,139	11,690^r	11,656^r	5,372	5,513	4,601	3,256	2,987
Net investment income	6,075	5,544^r	5,900^r	5,515^r	6,111^r	5,510	5,223	5,085	4,990	4,874
Benefits, claims and losses	7,960	7,918	6,138	8,479^r	8,503^r	8,677	7,880	6,786	5,160	4,692
Total benefits, losses and expenses	16,874	14,420	12,793	17,085^r	13,072^r	17,016	16,339	14,539	13,127	11,872
General and administrative	2,647	2,738	2,543^r	2,407^r	2,252^r	2,072	2,210	1,953	1,766	1,687
Interest expense	227	336	331	283	270	284	326	297	253	331
Income before income taxes	1,338	4,022	-1,148	1,725^r	4,643^r	423	919	1,885	1,130	1,458
Income tax expense	161	747	-396	367^r	865^r	-76	33	244	-949	266
Income from continuing operations	·	·	·	·	·	·	·	·	·	1,192
Net income	1,177	3,275	-752	1,358^r	3,778^r	499	886	1,641	2,079	1,192
Net income to common shareholders	1,086	3,184	-834	1,358	·	·	·	·	·	·
Earnings per share, basic	5.94	18.66	-4.92	7.93^r	20.17^r	2.58	4.41	7.60	9.36	5.09
Earnings per share, diluted	5.83	18.41	-4.92	7.78^r	19.96^r	2.56	4.38	7.40	9.22	5.03
Weighted average shares, basic	182,674,725	170,597,104	169,562,903	171,034,695	187,359,884	193,610,225	200,608,737	215,936,448	222,128,687	234,181,717
Weighted average shares, diluted	186,062,087	173,080,425	170,738,655	172,700,155	189,637,612^r	194,465,180	202,105,134	219,552,106	226,220,980	236,830,287

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it soldus-gaap:Revenues

Provision for credit losses set aside for loans that may not be repaidus-gaap:ProvisionForLoanLossesExpensed

Premiums earned insurance premiums earned in the periodus-gaap:PremiumsEarnedNet

Net investment income what its investments earnedus-gaap:NetInvestmentIncome

Benefits, claims and losses what it paid or set aside for claimsus-gaap:PolicyholderBenefitsAndClaimsIncurredNet

Total benefits, losses and expenses claims and every other cost togetherus-gaap:BenefitsLossesAndExpenses

General and administrative the cost of running the company itselfus-gaap:GeneralAndAdministrativeExpense

Interest expense what its borrowing costus-gaap:InterestExpenseDebt

Income before income taxes profit before tax

us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Income from continuing operations profit from the businesses it keepsus-gaap:IncomeLossFromContinuingOperations

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton LNC · research, not advice