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Lincoln National Corp.

LNC$35.292026-05-29
D
Quality Score
63/100

Life & Annuity Insurance. A spread-and-fee balance sheet: premiums and deposits invested against long-duration policyholder liabilities, plus fee income.

Data: statutory filings · derived · public filings (XBRL) · public filings (10-K) · market data· latest filing 2026-05-07· price 2026-05-29independently sourced

Profile
Market Cap$6.9B
Enterprise Value$5.6B
Total Assets$406.2B
Total Equity$10.2B
Shares Out0.2B
Revenue (TTM)$18.8B
SectorLife & Annuity Insurance
Margins (TTM)
Gross--
EBITDA--
Operating--
Net9.2%
FCF--
Financial Health
Total Cash$7.3B
Total Debt$6.0B
Net Debt$-1.4B
Debt/Equity0.6x
ND/EBITDA--
Valuation (TTM)
P/E88.2x
P/B0.7x
EV/Sales0.3x
P/OCFn/m
P/FCFn/m
EV/EBITn/m

Deep Dive Summary

1

Read an insurer through its balance sheet and investment spread, not a retailer's margin lens: net investment income, reserve adequacy, and capital strength matter more than a single operating-margin number.

2

Regulatory solvency capital — the regulator's lens, normalized cross-regime — is on the **Capital & Ratings** tab.