Business Segments Lincoln National Corporation

Stocks

LNC

US5341871094

Life & Health Insurance

Real-time Estimate Cboe BZX Other stock markets 17:05:58 09/06/2026 BST			5-day change	1st Jan Change
34.84 ^USD	-0.58%		-0.20%	-21.78%

06-01	Lincoln National Corporation Announces Management Changes	CI
06-01	Declaration of Voting Results by Lincoln National Corporation	CI

Sales 2025 by Business Segment

Sales 2025 by Geography

Historical Breakdown of Revenue by Business Segments

Net Income: Breakdown by Business Segment

Breakdown by Business Segment (USD)

Fiscal Period: December	2021	2022	2023	2024	2025
Life Insurance
Group Protection	5B	5.3B	5.56B	5.71B	6.1B
Total Assets	10.52B	9.8B	9.71B	-	-
Income Tax Expense	-33M	27M	80M	113M	141M
EBT	-160M	129M	379M	538M	673M
D&A	107M	106M	-	-	-
Net Income	-127M	102M	299M	425M	532M
Life Insurance	8.14B	7.16B	6.91B	6.29B	5.9B
Total Assets	105B	95.41B	109B	-	-
Income Tax Expense	122M	-546M	-72M	-42M	-3M
EBT	657M	-2.49B	-231M	-105M	114M
D&A	1.03B	623M	-	-	-
Net Income	535M	-1.94B	-159M	-63M	117M
Annuities	5B	4.77B	3B	4.7B	4.86B
Total Assets	202B	167B	186B	-	-
Income Tax Expense	241M	207M	140M	228M	217M
EBT	1.52B	1.45B	1.21B	1.39B	1.42B
D&A	442M	396M	-	-	-
Net Income	1.28B	1.24B	1.07B	1.16B	1.2B
Retirement Plan Services	1.32B	1.27B	1.31B	1.28B	1.33B
Total Assets	47.62B	41.89B	46.79B	-	-
Income Tax Expense	49M	35M	30M	23M	25M
EBT	284M	244M	201M	186M	188M
D&A	32M	18M	-	-	-
Net Income	235M	209M	171M	163M	163M
Casualty
Other Operations	180M	159M	-755M	463M	24M
Total Assets	22.21B	21.13B	21.38B	-	-
Interest Expense	-262M	-283M	-331M	-336M	-321M
Income Tax Expense	-106M	-117M	-115M	-96M	-99M
EBT	-481M	-612M	-526M	-466M	-481M
Net Income	-375M	-495M	-411M	-370M	-382M
Unallocated Revenue Adjustments from Annuity and Life Insurance Product Features	-	-	-2.54B	-	-
Net Income	-	-	-	-270M	-92M
Net Income	-	-	-	582M	-14M
Income Tax Expense	-	-	-	553M	113M
Net Income	-	-	-	-553M	113M
Unallocated Credit Loss-Related Adjustments, Pre-Tax	-	-	-80M	-	-
Income Tax Expense	-	-	-17M	-	-
Net Income	-	-	-63M	-152M	-134M
Income Tax Expense	-	-	-83M	-	-
Net Income	-	-	-310M	-207M	-42M
Income Tax Expense	-	-	14M	-	-
Net Income	-	-	52M	2.51B	238M
Unallocated Changes in The Fair Value of Reinsurance-Related Embedded Derivatives, Trading Securities and Certain Mortgage Loans, Pre-Tax	-	-	-802M	-	-
Income Tax Expense	-	-	-168M	-	-
Net Income	-	-	-633M	535M	-201M
Unallocated Investment Gains (Losses)	-	-	-959M	-	-
Income Tax Expense	-	-	-198M	-	-
Net Income	-	-	-744M	-483M	-319M
Unallocated Amortization of Deferred Gains Arising from Reserve Changes on Business Sold through Reinsurance	-	-	-	-	-
Income Tax Expense	-2M	-	-	-	-
Net Income	-6M	-	-	-	-
Income Tax Expense	-	-	-	-	-
Net Income	-	-	-	-	-
Income Tax Expense	52M	-218M	-	-	-
Net Income	196M	-820M	-	-	-
Net Income	-	-634M	-	-	-
Income Tax Expense	-	-	-	-	-
Net Income	-	-	-	-	-
Income Tax Expense	-4M	-	-7M	-	-
Net Income	-11M	-	-27M	-	-
Unallocated Amortization of DFEL Associated with Benefit Ratio Unlocking, Pre-Tax	2M	-16M	-	-	-
Unallocated Excluded Realized Gain (Loss)	-411M	135M	-	-	-
Income Tax Expense	-86M	28M	-	-	-
Net Income	-325M	107M	-	-	-

Geographical Revenue Distribution History

Geographical breakdown of sales (USD)

Fiscal Period: December	2021	2022	2023	2024	2025
United States	19.23B	18.78B	11.64B	17.97B	18.27B
Total Assets	387B	335B	372B	391B	417B
Interest Expense	-270M	-283M	-331M	-336M	-227M
Income Tax Expense	233M	-584M	-396M	747M	161M
D&A	38M	27M	9M	-	-
Net Income	1.4B	-2.23B	-752M	3.28B	1.18B
EBT	1.64B	-2.81B	-1.15B	4.02B	1.34B