← LINCOLN NATIONAL CORP

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $13.3b $14.3b $1.3b $17.3b $17.4b $19.2b $18.8b $11.6b $18.4b $18.2b
Revenues:
Additional Financial Items
Other revenues $491.0m $539.0m $602.0m $604.0m $658.0m $777.0m $722.0m $900.0m $821.0m $774.0m
Other Income $491.0m $539.0m $602.0m $604.0m $658.0m $777.0m $723.0m $900.0m $821.0m $774.0m
Debt and Equity Securities, Realized Gain (Loss) — — — ($610.0m) ($513.0m) ($212.0m) $345.0m ($4.3b) $269.0m ($799.0m)
Debt Securities Available For Sale Excluding Accrued Interest Allowance For Credit Loss Not Previously Recorded — — — — — — — $26.0m $25.0m $65.0m
Equity Securities, FV-NI, Realized Gain (Loss) — — — — $8.0m $43.0m $15.0m ($6.0m) $18.0m ($1.0m)
Goodwill, Impairment Loss — $905.0m — — — — $634.0m $0 $0 $0
Income (Loss) from Continuing Operations, Per Basic Share $5 — — — — — — — — —
Income (Loss) from Continuing Operations, Per Diluted Share $5 — — — — — — — — —
Market Risk Benefit, Change in Fair Value, Gain (Loss) — — — — — — — $2.3b $2.7b $372.0m
Preferred Stock Dividends and Other Adjustments — — — — — — — — $91 $91
Insurance premiums — — — — — $5.6b $6.1b $3.7b $6.4b $6.7b
Fee income $5.2b $5.6b $6.0b $6.5b $6.4b $6.9b $6.1b $5.5b $5.4b $5.5b
Realized gain (loss) — ($170.0m) $141.0m ($610.0m) ($513.0m) ($212.0m) $336.0m ($4.3b) $269.0m ($799.0m)
Benefits $4.7b $5.2b $6.8b $7.9b $8.7b $8.5b $12.5b $6.1b $7.9b $8.0b
Policyholder liability remeasurement (gain) loss — — — — — ($183.0m) $2.8b ($152.0m) ($190.0m) ($191.0m)
Interest credited $2.6b $2.6b $2.6b $2.8b $2.9b $2.9b $2.9b $3.2b $3.4b $3.7b
Market risk benefit (gain) loss — — — — — ($3.8b) ($3.2b) ($2.3b) ($2.7b) ($372.0m)
Income (loss) before taxes $1.5b $1.1b $1.9b $919.0m $423.0m $1.6b ($2.8b) ($1.1b) $4.0b $1.3b
Unrealized investment gain (loss) — — — — — ($3.3b) ($18.1b) $3.7b ($788.0m) $1.6b
Market risk benefit non-performance risk gain (loss) — — — — — ($923.0m) ($210.0m) ($671.0m) ($924.0m) ($408.0m)
Policyholder liability discount rate remeasurement gain (loss) — — — — — $591.0m $2.0b ($160.0m) $157.0m ($264.0m)
Foreign currency translation adjustment ($22.0m) $13.0m ($9.0m) $6.0m $5.0m ($2.0m) ($20.0m) $8.0m ($3.0m) $11.0m
Funded status of employee benefit plans $34.0m $8.0m ($7.0m) ($28.0m) $61.0m $47.0m ($59.0m) ($16.0m) ($2.0m) $1.0m
Comprehensive income (loss) $1.9b $3.7b ($1.8b) $6.2b $3.8b ($1.1b) ($16.3b) $2.1b $1.7b $2.2b
Preferred stock dividends declared — — — — — — $0 ($82.0m) ($91.0m) ($91.0m)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest — — — — — $1.6b ($2.8b) ($1.1b) $4.0b $1.3b
Policyholder Benefits and Claims Incurred, Net $4.7b $5.2b $6.8b $7.9b $8.7b $8.5b $12.5b $6.1b $7.9b $8.0b
Premiums Earned, Net $3.0b $3.3b $4.6b $5.5b $5.4b $5.6b $6.1b $9.1b $11.8b $12.2b
Net Investment Income $4.9b $5.0b $5.1b $5.2b $5.5b $6.1b $5.5b $5.9b $5.5b $6.1b
Gain (Loss) on Derivative Instruments, Net, Pretax — — — — — — — ($1.8b) ($438.0m) ($149.0m)
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent $1.2b — — — — — — — — —
Total other comprehensive income (loss), net of tax $721.0m $1.7b ($3.5b) $5.3b $3.3b ($2.5b) ($14.1b) $2.9b ($1.6b) $978.0m
Net Income (Loss) Attributable to Parent $1.2b $2.1b $1.6b $886.0m $499.0m $1.4b ($2.2b) ($752.0m) $3.3b $1.2b
Net Income (Loss) Available to Common Stockholders, Basic $1.2b $2.1b $1.6b $886.0m $499.0m $1.4b ($2.2b) ($752.0m) $3.2b $1.1b
Earnings Per Share, Basic $5.09 $9.36 $7.60 $4.41 $2.58 $7.50 ($13.11) ($4.92) $18.66 $5.94
Earnings Per Share, Diluted $5.03 $9.22 $7.40 $4.38 $2.56 $7.43 ($13.19) ($4.92) $18.41 $5.83
Common Stock, Dividends, Per Share, Declared $1.04 $1.20 $1.36 $1.51 $1.62 $1.71 $1.80 $1.80 $1.80 $1.80
Preferred Stock, Dividends Per Share, Declared $5.09 $9.36 $7.60 $4.41 $2.58 $7.50 ($13.02) $4,098.44 $4,562.50 $4,562.50
Weighted Average Number of Shares Outstanding, Basic 234.2m 222.1m 215.9m 200.6m 193.6m 187.4m 171.0m 169.6m 170.6m 182.7m
Weighted Average Number of Shares Outstanding, Diluted 236.8m 226.2m 219.6m 202.1m 194.5m 189.1m 172.7m 170.7m 173.1m 186.1m
Expenses
General and Administrative Expense $1.7b $1.8b $2.0b $2.2b $2.1b $2.3b $2.2b $2.4b $2.7b $2.6b
Deferred Policy Acquisition Costs, Amortization Expense — — — — — — — $987.0m $1.0b $1.1b
Other Cost and Expense, Operating $4.3b $4.2b $4.8b $5.3b $5.1b $5.8b $5.1b $5.3b $5.6b $5.5b
Cost, Direct Tax and License $248.0m $245.0m $313.0m $343.0m $321.0m $335.0m $342.0m $330.0m $369.0m $344.0m
Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal — — — — — — — $16.0m $88.0m $37.0m
Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims — — $2.4b $3.0b $3.5b $3.9b $3.8b — — —
Commissions and other expenses $4.3b $4.2b $4.8b $5.3b $5.1b $5.8b $5.1b $5.3b $5.6b $5.5b
Interest Expense, Debt $331.0m $253.0m $297.0m $326.0m $284.0m $270.0m $283.0m $331.0m $336.0m $227.0m
Interest and debt expense $331.0m $253.0m $297.0m $326.0m $284.0m $270.0m $283.0m $331.0m $336.0m $227.0m
Federal income tax expense (benefit) $266.0m ($949.0m) $244.0m $33.0m ($76.0m) $233.0m ($584.0m) ($396.0m) $747.0m $161.0m
Benefits, Losses and Expenses $11.9b $13.1b $14.5b $16.3b $17.0b $17.6b $21.6b $12.8b $14.4b $16.9b
Total expenses $11.9b $13.1b $14.5b $16.3b $17.0b $17.6b $21.6b $12.8b $14.4b $16.9b
Income Tax Expense (Benefit) $266.0m ($949.0m) $244.0m $33.0m ($76.0m) $233.0m ($589.0m) ($396.0m) $747.0m $161.0m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.