← 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 TTM
Total Revenue $13.3b
$14.3b +6.95%
$1.3b -90.58%
$17.3b +1185.03%
$17.4b +1.05%
$19.2b +10.27%
$18.8b -2.41%
$11.6b -37.95%
$18.4b +58.37%
$18.2b -1.25%
$19.5b +6.84%
Other revenues $491.0m $539.0m $602.0m $604.0m $658.0m $777.0m $722.0m $900.0m $821.0m $774.0m —
General and Administrative Expense $1.7b $1.8b $2.0b $2.2b $2.1b $2.3b $2.2b $2.4b $2.7b $2.6b $2.6b
Interest Expense, Debt $331.0m $253.0m $297.0m $326.0m $284.0m $270.0m $283.0m $331.0m $336.0m $227.0m $324.0m
Interest and debt expense $331.0m $253.0m $297.0m $326.0m $284.0m $270.0m $283.0m $331.0m $336.0m $227.0m —
Net Investment Income $4.9b $5.0b $5.1b $5.2b $5.5b $6.1b $5.5b $5.9b $5.5b $6.1b $7.0b
Debt and Equity Securities, Realized Gain (Loss) — ($170.0m) $141.0m ($610.0m) ($513.0m) ($212.0m) $345.0m ($4.3b) $269.0m ($799.0m) —
Equity Securities, FV-NI, Realized Gain (Loss) — — — — $8.0m $43.0m $15.0m ($6.0m) $18.0m ($1.0m) —
Market Risk Benefit, Change in Fair Value, Gain (Loss) — — — — — — — $2.3b $2.7b $372.0m —
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) —
Gain (Loss) on Derivative Instruments, Net, Pretax — — — — — — — ($1.8b) ($438.0m) ($149.0m) —
Other Income $491.0m $539.0m $602.0m $604.0m $658.0m $777.0m $723.0m $900.0m $821.0m $774.0m —
Commissions and other expenses $4.3b $4.2b $4.8b $5.3b $5.1b $5.8b $5.1b $5.3b $5.6b $5.5b —
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest — — — — — $1.6b ($2.8b) ($1.1b) $4.0b $1.3b $2.8b
Income Tax Expense (Benefit) $266.0m ($949.0m) $244.0m $33.0m ($76.0m) $233.0m ($589.0m) ($396.0m) $747.0m $161.0m $476.0m
Net Income (Loss) Attributable to Parent $1.2b
$2.1b +74.41%
$1.6b -21.07%
$886.0m -46.01%
$499.0m -43.68%
$1.4b +181.56%
($2.2b) -259.50%
($752.0m) +66.44%
$3.3b +535.51%
$1.2b -64.06%
$2.3b +92.78%
Net Income (Loss) Available to Common Stockholders, Basic $1.2b
$2.1b +74.41%
$1.6b -21.07%
$886.0m -46.01%
$499.0m -43.68%
$1.4b +181.56%
($2.2b) -258.51%
($752.0m) +66.23%
$3.2b +523.40%
$1.1b -65.89%
$2.3b +108.93%
Preferred Stock Dividends and Other Adjustments — — — — — — — — $91 $91 $91.0m
Preferred stock dividends declared — — — — — — $0 ($82.0m) ($91.0m) ($91.0m) $91.0m
Income (Loss) from Continuing Operations, Per Basic Share $5 — — — — — — — — — —
Income (Loss) from Continuing Operations, Per Diluted Share $5 — — — — — — — — — —
Earnings Per Share, Basic $5.09 $9.36 $7.60 $4.41 $2.58 $7.50 ($13.11) ($4.92) $18.66 $5.94 $12.12
Earnings Per Share, Diluted $5.03 $9.22 $7.40 $4.38 $2.56 $7.43 ($13.19) ($4.92) $18.41 $5.83 $11.87
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 $91,000,000.00
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 191.7m
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 195.8m
Additional Financial Items
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 —
Debt Securities Available For Sale Excluding Accrued Interest Allowance For Credit Loss Not Previously Recorded — — — — — — — $26.0m $25.0m $65.0m —
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 —
Goodwill, Impairment Loss — $905.0m — — — — $634.0m $0 $0 $0 $0
Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims — — $2.4b $3.0b $3.5b $3.9b $3.8b — — — —
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 —
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 —
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 —
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 —
Benefits, Losses and Expenses $11.9b $13.1b $14.5b $16.3b $17.0b $17.6b $21.6b $12.8b $14.4b $16.9b —
Premiums Earned, Net $3.0b $3.3b $4.6b $5.5b $5.4b $5.6b $6.1b $9.1b $11.8b $12.2b —
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent $1.2b — — — — — — — — — —
Total expenses $11.9b $13.1b $14.5b $16.3b $17.0b $17.6b $21.6b $12.8b $14.4b $16.9b $16.6b
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 —

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.