Lincoln National Q4 net income rises on strong segment performance

Lincoln National

12/02/2026 11:07

Overview

U.S. financial services firm's Q4 net income was $745 mln, with strong segment performance

Adjusted operating income for Q4 was $434 mln, driven by broad-based execution

Life Insurance segment saw significant earnings improvement due to better mortality and returns

Outlook

Company did not provide specific forward-looking guidance

Result Drivers

LIFE INSURANCE - Significant earnings improvement due to improved mortality and higher investment returns

ANNUITIES - Earnings growth driven by favorable equity markets and favorable mortality experience

GROUP PROTECTION - Premium growth due to strong sales and persistency

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Net Income
$754 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 8 "hold" and 3 "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 $44.00, about 14.3% above its February 11 closing price of $38.50

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

Press Release: ID:nBw7n2M5Va

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(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.)