Lincoln National Q1 revenue rises 13%, beats estimates

Lincoln National

07/05/2026 11:10

Overview

US insurance and retirement provider's Q1 revenue rose and beat analyst expectations

Adjusted operating income for Q1 improved from prior year, driven by segment growth

Company reported narrower net loss, with difference from adjusted operating income mainly due to non-economic market risk benefit changes

Outlook

Company did not provide specific financial guidance for the current qtr or full yr

Result Drivers

GROUP PROTECTION - Q1 earnings driven by favorable life experience, with premiums up year over year, though sales declined due to a large case lapse

LIFE INSURANCE - Earnings increased due to strong alternative investment income and impact of captive consolidation; sales rose across product lines, especially Executive Benefits

RETIREMENT PLAN SERVICES - Operating income rose on spread expansion and favorable equity markets, partly offset by outflows; net outflows narrowed significantly from prior year

Company press release: ID:nBw64qFLKa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$5.31 bln
$4.93 bln (6 Analysts)
Q1 EPS
-$1.10
Q1 Net Income
-$172 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 7 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the life & health insurance peer group is "buy."

Wall Street's median 12-month price target for Lincoln National Corp is $42.50, about 13% above its May 6 closing price of $37.62

The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 5 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)