LNC · Lincoln National Corp
$43.48
-1.60 (-3.55%)
At close · Aug 19
Market Cap
$8.55B
Shares
191.45M
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$43.48
Open$45.00
Day$43.36–45.32
52W close$32.59–47.00
Avg vol 30d2.1M
Short int10.5M · 5.5% float · 4.6d
Short vol57%
Last earningsJul 30, 2026
DataJan 2020–Aug 2026
Filing10-Q · Jul 30
Up next
Next earnings call
Oct 26, 2026
Est · unconfirmed
· in 10 wks
FQ3-26 quarter ends
~Sep 30, 2026
Est
filed Jul 30, 2026
AI Brief
TL;DR.
Bullish
Bearish
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Ask ALVIS about this →Equibles Rating
blended score · not investment adviceOverall
Neutral
SellHoldBuy
Technical
Neutral
Momentum
Strong
Sentiment
Bullish
Fundamentals
Weak
Quant / Vol
Moderate
Market backdrop
VIX 14.9 · calm
Equity put/call 0.52
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
+11%
above
Price vs 50-day avg
+6%
above
RSI (14)
50
neutral
MACD trend
Negative
52-week position
76%
mid-range
Volume (OBV)
Bearish div.
distributing
Momentum
relative strength
1-month return
+4%
trailing
6-month return
+18%
trailing
YTD return
−2%
this year
Relative strength
+6%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $41 › 200d $39 — 50d above 200d
Institutional flow
Accumulating
+0% holders QoQ · +83 funds added
Insider flow
Distributing
Net -$2.8M over 90 days · 100% sells
Short interest
Falling
5.50% of float · ▼ -0.4% MoM · 4.6 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
621 holders — near 3-yr high, broad support
Squeeze score
60
elevated · 0–100
Fundamentals
Revenue growth
−1%
Y/Y
EPS growth
−68%
Y/Y
Buyback
$714.0M
remaining
Balance sheet
$5.4B
net debt
Quant / Vol
risk profile
Volatility
34%
annualized · 1-yr
Max drawdown
−30%
past year
ATR
3.1%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the 8-K filed Feb 12, 2026
Premium Growth
· Medium Term
3% – 6%
Supplemental Health as % of Premium
· Medium Term
6% – 8%
Spread-based Average Account Balance Mix
· Medium Term
30% – 35%
Small Market as % of Average Account Balance
· Medium Term
19% – 20%
Unallocated Net G&A Expense
· Medium Term
$220M – $240M
Reserve Growth
· Medium Term
-5% – 5%
SGUL as % of Reserve
· Medium Term
15% – 20%
FABN Issuance
· Medium Term
$750M – $2B
Subsidiary Remittances
· Medium Term
$1.2B – $1.3B
Prior guidance
period ended
· from the Earnings Call filed Sep 30, 2023
Group margin
· full year 2023
5%
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Neutral
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
+11%
Bullish
Price vs 50-day avg
+6%
Bullish
RSI (14)
50
Neutral
MACD trend
Negative
Bearish
52-week position
76%
Neutral
Volume (OBV)
Bearish div.
Bearish
Market signals — smart money & positioning
Bullish · 3 of 6
Trend (MA cross)
No cross
50d $41 › 200d $39 — 50d above 200d
Institutional flow
Accumulating
+0% holders QoQ · +83 funds added
Insider flow
Distributing
Net -$2.8M over 90 days · 100% sells
Short interest
Falling
5.50% of float · ▼ -0.4% MoM · 4.6 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
621 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $33
Now $43 · 76%
Range high $47
vs 200-day avg +11%
vs 50-day avg +6%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted average stockholders' equity non-GAAP | 14.98B | 6/30/26 | — |
| Adjusted book value per share non-GAAP | $79.45 | 6/30/26 | — |
| Adjusted income (loss) from operations (diluted) non-GAAP | $2.24 | Three Months Ended 6/30/26 | — |
| Adjusted Income (Loss) from Operations Available to Common Stockholders non-GAAP | $439M | Q2 FY2026 | — |
GAAP → non-GAAP reconciliationGAAP Adjusted Income (Loss) from Operations 450M
-11M Preferred stock dividends declared
= Adjusted Income (Loss) from Operations Available to Common Stockholders 439M
|
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| Adjusted income (loss) from operations available to common stockholders, excluding AOCI and pref non-GAAP | 12.3% | Three Months Ended 6/30/26 | — |
| Adjusted income (loss) from operations per diluted share non-GAAP | $3.89 | Six months ended 6/30/2026 | — |
| Adjusted income from operations non-GAAP | $450M | For the Three Months Ended 6/30/26 | — |
| Adjusted income from operations available to common stockholders non-GAAP | $439M | For the Three Months Ended 6/30/26 | — |
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| Adjusted income from operations per diluted share available to common stockholders non-GAAP | $3.89 | Six Months Ended 6/30/26 | — |
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| Adjusted stockholders' equity non-GAAP | 15.34B | 6/30/26 | — |
| Alternative Investment Income Returns (quarterly, unannualized) | 1.2% | 2Q26 | — |
| Annualized consolidated alternative investment income returns | 4.9% | 2Q26 | — |
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| Annuities Average account balances, net of reinsurance | 178.81B | Three Months Ended 6/30/26 | — |
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| Annuities earnings | 287M | 2Q26 | — |
| Annuities ending account balances, net of reinsurance | $182B | 2Q26 | — |
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| Annuities Net flows | -2.92B | Three Months Ended 6/30/26 | — |
| Annuities sales | 3.5B | 2Q26 | — |
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| Average account balances | $128.34B | Q2 FY2026 | — |
| Book value per share | $53.68 | 6/30/26 | — |
| Cash Returned to Common Stockholders – Common Dividends | 86M | Three Months Ended 6/30/26 | — |
| Consolidated Net flows | -4.21B | Three Months Ended 6/30/26 | — |
| Deposits | $3.74B | Q2 FY2026 | — |
| End-of-period account balances, net of reinsurance | $366B | As of 6/30/2026 | — |
| Ending account balances | 182B | 2Q26 | — |
| Ending account balances, net of reinsurance | $182B | As of 6/30/26 | — |
| Group Protection earnings | 147M | 2Q26 | — |
| Group Protection margin | 10.4% | 2Q26 | — |
| Group Protection Operating Income non-GAAP | $147M | 2Q26 | — |
| Holding company available liquidity | 900M | 2Q26 | — |
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| Holding Company Available Liquidity, Net of Prefunding | 903M | 6/30/26 | — |
| Investment Portfolio | 137B | 2Q26 | — |
| Leverage ratio | 25% | 2Q26 | — |
| Life Insurance Average account balances, net of reinsurance | 50.98B | Three Months Ended 6/30/26 | — |
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| Life Insurance Deposits | 1.67B | Three Months Ended 6/30/26 | — |
| Life Insurance earnings | 57M | 2Q26 | — |
| Life Insurance Margin non-GAAP | 3.6% | 2Q26 | — |
| Life Insurance Operating Income non-GAAP | $57M | 2Q26 | — |
| Life Insurance sales | 216M | 2Q26 | — |
| Life Insurance total sales | $216M | 2Q26 | — |
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| Net flows | -$2.43B | Q2 FY2026 | — |
| Net outflows | $2.4B | For the Three Months Ended 6/30/26 | — |
| New Money Yield | 5.9% | 2Q26 | — |
| Operating margin | 10.4% | Q2 FY2026 | — |
| Portfolio Yield | 4.73% | 2Q26 | — |
| Prefunded preferred stock repurchase | 500M | 2Q26 | — |
| Retirement Plan Services Average account balances | 128.34B | Three Months Ended 6/30/26 | — |
| Retirement Plan Services ending account balances | 131B | 2Q26 | — |
| Retirement Plan Services First-year Sales | 1.1B | 2Q26 | — |
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| Retirement Plan Services Net flows | -2.43B | Three Months Ended 6/30/26 | — |
| Retirement Plan Services Operating Income non-GAAP | $49M | 2Q26 | — |
| Return on Average Account Balances | 0.64% | 2Q26 | — |
| Return on average account balances (bps), excluding impact of annual assumption review non-GAAP | 64 | Q2 FY2026 | — |
| Total deposits | $3.7B | For the Three Months Ended 6/30/26 | — |
| Total loss ratio | 68.4% | Q2 FY2026 | — |
| Total sales | $345M | Six months ended 6/30/2026 | — |
| Adjusted operating income available to common stockholders non-GAAP | 326M | Q1 2026 | — |
| Adjusted operating income per diluted share available to common stockholders non-GAAP | $1.66 | Q1 2026 | — |
| Group Protection sales | 150M | Q1 2026 | — |
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| Retirement Plan Services net outflows | -0.2B | Q1 2026 | — |
| Retirement Plan Services total deposits | 4.1B | Q1 2026 | — |
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| Life Insurance annualized alternative investment income returns | 11.9% | Q4 FY2025 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Insurance - Life — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
LNC
this stock
Lincoln National Corp
|
$8.55B | -2.4% | -1.2% | — | 5.5% |
|
CILJF
China Life Insurance Co Ltd
|
$97.80B | +0.4% | — | — | 0.0% |
|
MFC
Manulife Financial Corp
|
$73.51B | +19.7% | — | — | 0.8% |
|
MET
Metlife Inc
|
$61.44B | +20.5% | +8.6% | 18.5 | 1.8% |
|
AFL
Aflac Inc
|
$61.03B | +5.7% | -9.3% | 13.1 | 2.5% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Earnings & Events
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| LNC | -1.4% | +4.3% | +17.9% | -4.7% | -2.4% |
| SPY | -0.4% | +2.9% | +11.6% | +3.0% | +12.8% |
| vs SPY | -1.0% | +1.4% | +6.4% | -7.6% | -15.1% |
Capital returns
Latest dividend
$0.45
/ share · ex Jul 10, 2026
Declared · upcoming
$0.45
/ share · ex Oct 9, 2026
Paid (TTM)
$1.80
/ share · 4 payouts
Dividend yield (TTM, derived)
4.14%
Buyback program
· as of Jun 30, 2026
Authorized
$1.50B
Spent (derived)
$786.00M
Remaining
$714.00M
Spent
Remaining
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.
Key facts
CIK
59558
CUSIP
534187109
13F (30d)
570 filings
541 filers
Visit website
Investor relations