The financials
Lincoln National Corporation by the numbers
Lincoln National Corporation (LNC) reported revenue of $5.31B in Q1 2026 (quarter ended March 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 2026-Q1 was Life at $1.78B, 34% of the disclosed total, just ahead of Annuities at 30%.
| 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 |
|---|---|---|
| Life | $1.78B | 34% |
| Annuities | $1.58B | 30% |
| Group Protection | $1.55B | 30% |
| Retirement Plan Services | $343M | 6.5% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q1 2026Total $5.26B (+16%)
Life grew +27% year on yearGroup Protection +2.4% year on year
Segment Latestquarter on quarteryear on year
- Life$1.78B$1.78BQoQ +32%year on year +27%+32%+27%
- Annuities$1.58B$1.58BQoQ +16%year on year +13%+16%+13%
- Group Protection$1.55B$1.55BQoQ +3.4%year on year +2.4%+3.4%+2.4%
- Retirement Plan Services$343.0M$343.0MQoQ +0.29%year on year +6.2%+0.29%+6.2%