Bill Miller built his reputation at Legg Mason by beating the S&P 500 for 15 consecutive years using a concentrated, contrarian, value approach.

Lincoln National Corporation (LNC) stock price & volume — 10-year historical chart
Investment Thesis • Updated 2026Q1
the company's reliance on non-recurring accounting adjustments and the persistent drag of legacy reserve strengthening, which saw claims reach $4.4 billion in 2024Q1, suggest significant downside risk to long-term valuation.
Lincoln National Corporation (LNC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Lincoln National Corporation (LNC) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 7, 2026 | $1.66vs $1.58+5.1% | $5.3Bvs $4.9B+7.5% |
| Q1 2026 | Feb 12, 2026 | $2.21vs $1.86+18.8% | $4.9Bvs $4.8B+1.1% |
| Q4 2025 | Oct 30, 2025 | $2.04vs $1.84+10.9% | $4.6Bvs $4.9B-5.4% |
| Q3 2025 | Jul 31, 2025 | $2.36vs $1.91+23.6% | $4.1Bvs $4.8B-15.6% |
Recent stock market news and headlines for Lincoln National Corporation (LNC)
Bill Miller built his reputation at Legg Mason by beating the S&P 500 for 15 consecutive years using a concentrated, contrarian, value approach.

RADNOR, Pa.--(BUSINESS WIRE)--Lincoln Financial (NYSE:LNC) announced today that it will report its results for the second quarter ended June 30, 2026, at 6:00 a.m. Eastern Time on Thursday, July 30, 2026. A conference call is scheduled for 8:00 a.m. Eastern Time on the same day. Earnings materials, including the 2026 second quarter Earnings Release, Earnings Supplement, and Statistical Supplement, will be available on the company's Investor Relations web page at www.lincolnfinancial.com/investo.

LNC's shift to spread-based annuities, rising life sales and capital strength support growth, though leverage remains a key risk.

Key metrics vs top competitors for Lincoln National Corporation (LNC)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $39.19 | $7.49B | 6.71 | 1.24% | 6.46% | 12.28% | 4.46% | |
| $115.47 | $40.16B | 11.30 | -14.01% | 5.62% | 10.26% | — | |
| $91.67 | $59.77B | 19.10 | 10.22% | 4.7% | 12.72% | — | |
| $89.20 | $14.41B | 20.84 | 2.07% | 5.87% | 7.07% | — | |
| $112.88 | $24.38B | 21.50 | -3.11% | 10.03% | 12.72% | — | |
| $176.67 | $13.72B | 12.57 | 3.82% | 19.37% | 20.32% | — |
Lincoln National Corporation (LNC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Lincoln National Corporation (LNC) SEC filings — annual & quarterly reports (10-K, 10-Q)
May 7, 2026·SEC
Apr 16, 2026·SEC
Mar 31, 2026·SEC
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Lincoln National Corporation (LNC) stock FAQ — growth, dividends, profitability & financials explained
Lincoln National Corporation (LNC) grew revenue by 1.2% over the past year. Growth has been modest.
Yes, Lincoln National Corporation (LNC) is profitable, generating $1.73B in net income for fiscal year 2025 (6.5% net margin).
Yes, Lincoln National Corporation (LNC) pays a dividend with a yield of 4.46%. This makes it attractive for income-focused investors.
Lincoln National Corporation (LNC) has a return on equity (ROE) of 12.3%. This is reasonable for most industries.
Lincoln National Corporation (LNC) has a combined ratio of 92.7%. A ratio below 100% indicates underwriting profitability.