Lincoln National Corporation
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Financial Performance
Revenue
$18.212B
Market Cap
$5.8B
Net Income
$1.2B
Employees
11,200
Lincoln National is fighting a brutal battle to stabilize its volatile life insurance and annuities portfolio following catastrophic pandemic-era mortality losses. Under CEO Ellen Cooper, the US insurer generated exactly $18.6 billion in revenue and maintains a $5.8 billion market cap with exactly 11200 employees. The financial narrative in 2026 is entirely defined by desperate capital preservation; fighting punitive regulatory capital requirements, Lincoln National is frantically offloading blocks of legacy life insurance to private equity-backed reinsurers to totally de-risk its battered balance sheet.
Revenue Trend Analysis
YoY Change
-1.2%
2-Year CAGR
+25.1%
Peak Year
2024
Trend
Mostly Growing
Lincoln National Corporation has reported revenue across 3 fiscal years, compounding at +25.1% annually over 2 years. The most recent year saw a 1.2% decline versus the prior year. Revenue peaked in 2024 at $18.4B. Out of 2 reported periods, 1 showed growth and 1 showed a decline.
| Fiscal Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2025 | $18.2B | $1.2B | -1.2% |
| FY2024 | $18.4B | $3.3B | +58.4% |
| FY2023 | $11.6B | N/A | — |
Source: SEC EDGAR filings, annual earnings releases, and verified financial disclosures.
Click any row to see year details.
Lincoln National Corporation reported approximately $18.6B in fiscal year 2025 with a team of 11,200 employees worldwide.
Lincoln National Corporation strategically balances reinvestment into core R&D with operational cost discipline, focusing on workflow automation to expand operating margins in 2026.
Financial performance in Life Insurance, Annuities, and Retirement Services is driven by steady cash generation and pricing power, enabling Lincoln National Corporation to reinvest in high-return strategic initiatives.
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Lincoln National Corporation Revenue & Financials." CorpDigest, https://corpdigest.com/company/lincoln-national/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Lincoln National Corporation reported $18B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/lincoln-national/financials" target="_blank" rel="noopener">CorpDigest — Lincoln National Corporation financials</a></div>