LINCOLN NATIONAL CORP — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that LINCOLN NATIONAL CORP filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Revenue
Total revenue from all business activities — the top line of the income statement. Represents all money earned before any expenses are deducted.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $18.21B | Feb 19, 2026 |
| FY2025 | Dec 31, 2024 | $18.44B | Feb 19, 2026 |
| FY2025 | Dec 31, 2023 | $11.65B | Feb 19, 2026 |
| FY2022 | Dec 31, 2022 | $4.22B | Mar 30, 2023 |
| FY2022 | Sep 30, 2022 | $4.78B | Mar 30, 2023 |
| FY2022 | Jun 30, 2022 | $5.09B | Mar 30, 2023 |
| FY2022 | Mar 31, 2022 | $4.67B | Mar 30, 2023 |
| FY2022 | Dec 31, 2021 | $5.23B | Mar 30, 2023 |
| FY2022 | Sep 30, 2021 | $5.24B | Mar 30, 2023 |
| FY2022 | Jun 30, 2021 | $4.86B | Mar 30, 2023 |
Revenue
Revenue recognized from contracts with customers under ASC 606, excluding taxes collected on behalf of government authorities. This is the primary revenue concept for many companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2018 | Dec 31, 2018 | $1.34B | Feb 20, 2019 |
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $1.18B | Feb 19, 2026 |
| FY2025 | Dec 31, 2024 | $3.28B | Feb 19, 2026 |
| FY2025 | Dec 31, 2023 | ($752.00M) | Feb 19, 2026 |
| FY2022 | Dec 31, 2022 | $21.00M | Mar 30, 2023 |
| FY2022 | Sep 30, 2022 | ($2.58B) | Mar 30, 2023 |
| FY2022 | Jun 30, 2022 | $228.00M | Mar 30, 2023 |
| FY2022 | Mar 31, 2022 | $92.00M | Mar 30, 2023 |
| FY2022 | Dec 31, 2021 | $708.00M | Mar 30, 2023 |
| FY2022 | Sep 30, 2021 | $316.00M | Mar 30, 2023 |
| FY2022 | Jun 30, 2021 | $645.00M | Mar 30, 2023 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | ($167.00M) | Feb 19, 2026 |
| FY2025 | Dec 31, 2024 | ($2.01B) | Feb 19, 2026 |
| FY2025 | Dec 31, 2023 | ($2.07B) | Feb 19, 2026 |
| FY2024 | Dec 31, 2022 | $3.61B | Feb 21, 2025 |
| FY2022 | Sep 30, 2022 | $3.39B | Mar 30, 2023 |
| FY2022 | Jun 30, 2022 | $2.71B | Mar 30, 2023 |
| FY2022 | Mar 31, 2022 | $752.00M | Mar 30, 2023 |
| FY2023 | Dec 31, 2021 | ($217.00M) | Feb 22, 2024 |
| FY2022 | Sep 30, 2021 | $125.00M | Mar 30, 2023 |
| FY2022 | Jun 30, 2021 | ($213.00M) | Mar 30, 2023 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $417.20B | Feb 19, 2026 |
| FY2025 | Dec 31, 2024 | $390.83B | Feb 19, 2026 |
| FY2024 | Dec 31, 2023 | $372.41B | Feb 21, 2025 |
| FY2023 | Dec 31, 2022 | $334.33B | Feb 22, 2024 |
| FY2022 | Sep 30, 2022 | $324.17B | Mar 30, 2023 |
| FY2022 | Jun 30, 2022 | $335.35B | Mar 30, 2023 |
| FY2022 | Mar 31, 2022 | $365.54B | Mar 30, 2023 |
| FY2022 | Dec 31, 2021 | $386.95B | Mar 30, 2023 |
| FY2022 | Sep 30, 2021 | $376.90B | Mar 30, 2023 |
| FY2022 | Jun 30, 2021 | $379.88B | Mar 30, 2023 |
Total Liabilities
All financial obligations owed to outside parties — including debt, accounts payable, accrued expenses, and deferred revenue. Subtracting liabilities from total assets gives stockholders' equity.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $406.30B | Feb 19, 2026 |
| FY2025 | Dec 31, 2024 | $382.56B | Feb 19, 2026 |
| FY2024 | Dec 31, 2023 | $365.52B | Feb 21, 2025 |
| FY2023 | Dec 31, 2022 | $329.23B | Feb 22, 2024 |
| FY2022 | Sep 30, 2022 | $321.51B | Mar 30, 2023 |
| FY2022 | Jun 30, 2022 | $325.69B | Mar 30, 2023 |
| FY2022 | Mar 31, 2022 | $350.35B | Mar 30, 2023 |
| FY2022 | Dec 31, 2021 | $366.19B | Mar 30, 2023 |
| FY2022 | Sep 30, 2021 | $355.73B | Mar 30, 2023 |
| FY2022 | Jun 30, 2021 | $358.14B | Mar 30, 2023 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $10.91B | Feb 19, 2026 |
| FY2025 | Dec 31, 2024 | $8.27B | Feb 19, 2026 |
| FY2025 | Dec 31, 2023 | $6.89B | Feb 19, 2026 |
| FY2024 | Dec 31, 2022 | $5.10B | Feb 21, 2025 |
| FY2022 | Sep 30, 2022 | $2.67B | Mar 30, 2023 |
| FY2022 | Jun 30, 2022 | $9.65B | Mar 30, 2023 |
| FY2022 | Mar 31, 2022 | $15.18B | Mar 30, 2023 |
| FY2023 | Dec 31, 2021 | $19.92B | Feb 22, 2024 |
| FY2022 | Sep 30, 2021 | $21.17B | Mar 30, 2023 |
| FY2022 | Jun 30, 2021 | $21.74B | Mar 30, 2023 |
Goodwill
An intangible asset representing the premium paid above fair value when acquiring another company. A large goodwill balance signals a history of acquisitions at premium prices.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $1.14B | Feb 19, 2026 |
| FY2025 | Dec 31, 2024 | $1.14B | Feb 19, 2026 |
| FY2025 | Dec 31, 2023 | $1.14B | Feb 19, 2026 |
| FY2024 | Dec 31, 2022 | $1.14B | Feb 21, 2025 |
| FY2022 | Sep 30, 2022 | $1.14B | Mar 30, 2023 |
| FY2022 | Jun 30, 2022 | $1.78B | Mar 30, 2023 |
| FY2022 | Mar 31, 2022 | $1.78B | Mar 30, 2023 |
| FY2023 | Dec 31, 2021 | $1.78B | Feb 22, 2024 |
| FY2022 | Sep 30, 2021 | $1.78B | Mar 30, 2023 |
| FY2022 | Jun 30, 2021 | $1.78B | Mar 30, 2023 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $8.39B | Feb 19, 2026 |
| FY2025 | Dec 31, 2024 | $7.65B | Feb 19, 2026 |
| FY2024 | Dec 31, 2023 | $4.78B | Feb 21, 2025 |
| FY2023 | Dec 31, 2022 | $5.92B | Feb 22, 2024 |
| FY2022 | Sep 30, 2022 | $6.76B | Mar 30, 2023 |
| FY2022 | Jun 30, 2022 | $9.45B | Mar 30, 2023 |
| FY2022 | Mar 31, 2022 | $9.35B | Mar 30, 2023 |
| FY2022 | Dec 31, 2021 | $9.58B | Mar 30, 2023 |
| FY2022 | Sep 30, 2021 | $9.36B | Mar 30, 2023 |
| FY2022 | Jun 30, 2021 | $9.24B | Mar 30, 2023 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2017 | Dec 31, 2017 | $1.63B | Feb 22, 2018 |
| FY2017 | Dec 31, 2016 | $2.72B | Feb 22, 2018 |
| FY2017 | Dec 31, 2015 | $3.15B | Feb 22, 2018 |
| FY2017 | Dec 31, 2014 | $3.92B | Feb 22, 2018 |
| FY2016 | Dec 31, 2013 | $2.36B | Feb 23, 2017 |
| FY2015 | Dec 31, 2012 | $4.23B | Feb 25, 2016 |
| FY2014 | Dec 31, 2011 | $4.51B | Feb 26, 2015 |
| FY2013 | Dec 31, 2010 | $2.74B | Feb 25, 2014 |
| FY2010 | Dec 31, 2009 | $4.03B | Feb 25, 2011 |
| FY2009 | Dec 31, 2008 | $5.59B | Feb 25, 2010 |
Long-Term Debt
Debt obligations due more than one year from the balance sheet date — bonds, term loans, and notes payable. High long-term debt relative to equity can signal elevated financial leverage.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $6.26B | Feb 19, 2026 |
| FY2024 | Dec 31, 2024 | $6.08B | Feb 21, 2025 |
| FY2023 | Dec 31, 2023 | $5.83B | Feb 22, 2024 |
| FY2022 | Dec 31, 2022 | $6.33B | Mar 30, 2023 |
| FY2021 | Dec 31, 2021 | $6.33B | Feb 17, 2022 |
| FY2020 | Dec 31, 2020 | $6.33B | Feb 18, 2021 |
| FY2019 | Dec 31, 2019 | $6.13B | Feb 20, 2020 |
| FY2018 | Dec 31, 2018 | $5.69B | Feb 20, 2019 |
| FY2017 | Dec 31, 2017 | $5.12B | Feb 22, 2018 |
| FY2016 | Dec 31, 2016 | $5.12B | Feb 23, 2017 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 5 | Feb 19, 2026 |
| FY2025 | Dec 31, 2024 | 18 | Feb 19, 2026 |
| FY2025 | Dec 31, 2023 | (4) | Feb 19, 2026 |
| FY2022 | Dec 31, 2022 | 0 | Mar 30, 2023 |
| FY2022 | Sep 30, 2022 | (15) | Mar 30, 2023 |
| FY2022 | Jun 30, 2022 | 1 | Mar 30, 2023 |
| FY2022 | Mar 31, 2022 | 0 | Mar 30, 2023 |
| FY2022 | Dec 31, 2021 | 3 | Mar 30, 2023 |
| FY2022 | Sep 30, 2021 | 1 | Mar 30, 2023 |
| FY2022 | Jun 30, 2021 | 3 | Mar 30, 2023 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 5 | Feb 19, 2026 |
| FY2025 | Dec 31, 2024 | 18 | Feb 19, 2026 |
| FY2025 | Dec 31, 2023 | (4) | Feb 19, 2026 |
| FY2022 | Dec 31, 2022 | 0 | Mar 30, 2023 |
| FY2022 | Sep 30, 2022 | (15) | Mar 30, 2023 |
| FY2022 | Jun 30, 2022 | 1 | Mar 30, 2023 |
| FY2022 | Mar 31, 2022 | 0 | Mar 30, 2023 |
| FY2022 | Dec 31, 2021 | 3 | Mar 30, 2023 |
| FY2022 | Sep 30, 2021 | 1 | Mar 30, 2023 |
| FY2022 | Jun 30, 2021 | 3 | Mar 30, 2023 |
Shares Outstanding
Total common shares issued and held by all shareholders, excluding treasury shares. Combined with market price gives market capitalization.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 190.05M | Feb 19, 2026 |
| FY2025 | Dec 31, 2024 | 170.38M | Feb 19, 2026 |
| FY2025 | Dec 31, 2023 | 169.67M | Feb 19, 2026 |
| FY2025 | Dec 31, 2022 | 169.22M | Feb 19, 2026 |
| FY2022 | Sep 30, 2022 | 169.21M | Mar 30, 2023 |
| FY2022 | Jun 30, 2022 | 170.22M | Mar 30, 2023 |
| FY2022 | Mar 31, 2022 | 171.89M | Mar 30, 2023 |
| FY2024 | Dec 31, 2021 | 177.19M | Feb 21, 2025 |
| FY2022 | Sep 30, 2021 | 186.09M | Mar 30, 2023 |
| FY2022 | Jun 30, 2021 | 189.09M | Mar 30, 2023 |
Dividends Paid
Cash dividends distributed to common shareholders during the period. Shown as a positive value despite being a cash outflow in the SEC filing.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $325.00M | Feb 19, 2026 |
| FY2025 | Dec 31, 2024 | $307.00M | Feb 19, 2026 |
| FY2025 | Dec 31, 2023 | $305.00M | Feb 19, 2026 |
| FY2024 | Dec 31, 2022 | $310.00M | Feb 21, 2025 |
| FY2023 | Dec 31, 2021 | $319.00M | Feb 22, 2024 |