Pulling SEC filings + quote and writing the call…
Pulling SEC filings + quote and writing the call…

LINCOLN NATIONAL CORP
Next earnings Jul 29, 2026 (before open) · consensus $2.05 EPS, $4.97B rev
Last earnings -4.5% on 2026-05-07
Lincoln looks cheap at 6.4x and 0.4x sales, but wildly volatile GAAP earnings, 37x leverage and dilution make it a high-uncertainty value name.
Sources: SEC EDGAR (CIK 0000059558, latest 10-Q filed 2026-05-07) · EODHD · analysis by claude-code · as of 6/21/2026, 8:55:12 PM.
Research and education only — not financial advice. Calls are generated from SEC filings and a delayed/third-party price feed, may be wrong or out of date, and are not a recommendation to buy or sell any security. Do your own research.
Middling fundamentals offset by an attractive price (~20% below fair value) — worth a look on the value angle.
Lincoln National is a large US life insurer (annuities, life, group protection, retirement) trading at deep-value multiples — 6.4x earnings, 0.4x sales, and well below the $10.9B of book equity. FY2025 net income of $1.18B (EPS $5.83) and a 10.8% ROE look reasonable in isolation, and the balance sheet is rebuilding: equity grew 31.9%, cash rose 63.8% to $9.50B, and retained earnings climbed 9.7%. The dividend was maintained and raised modestly to $325M (+5.9%).
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $17.7B | $18.8B | $11.6B | $18.4B | $18.2B |
| Gross profit | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Net income | $3.78B | $1.36B | -$752M | $3.27B | $1.18B |
| Diluted EPS | $19.96 | $7.78 | -$4.92 | $18.41 | $5.83 |
| Net margin | 21.3% | 7.2% | -6.5% | 17.8% | 6.5% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
1482 tracked peers · median
Source: EODHD. Yield = trailing-12-month dividends ÷ price.
Disclosed under the STOCK Act
Self-reported periodic transaction reports (STOCK Act). Amounts are disclosed ranges; a trade may be a spouse's. Disclosures lag the trade by up to ~45 days. Source: House Clerk + Senate eFD.
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
Last 90 days: 0 open-market buys · 2 sales
| 2026-06-05 | Beazer CraigT T EVP & General Counsel | Sell | 30.0K @ $34.45 | $1.03M |
| 2026-06-01 | Woodroffe Sean EVP, Ch Ppl Comms Ent Srvc Off | Sell | 25.0K @ $34.75 | $869K |
| 2026-06-01 | Rallis Andrew EVP, Chief Risk Officer | Tax | 20.1K @ $34.63 | $694K |
| 2026-05-24 | Rallis Andrew EVP, Chief Risk Officer | Tax | 32.3K @ $36.03 | $1.16M |
| 2026-05-24 | Woodroffe Sean EVP, Ch Ppl Comms Ent Srvc Off | Tax | 45.1K @ $36.03 | $1.63M |
| 2026-05-24 | Kennedy John Christopher EVP, Chief Dist. & Brand Off | Tax | 23.8K @ $36.03 | $858K |