Lincoln Financial Reports Q1 Revenue of $5.31B
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Should l Buy LNC?
Reports Q1 revenue $5.31B, consensus $4.92B. "Our first quarter results reflect continued disciplined execution and consistent, meaningful progress against our strategic priorities," said Ellen Cooper, Chairman, President and CEO of Lincoln Financial. "Group Protection delivered record first quarter earnings, while Life Insurance and Retirement Plan Services generated strong earnings growth. In Annuities, we achieved another quarter of diversification in new business with a more balanced mix and less market sensitivity. The cumulative impact of the actions we've taken - strengthening our capital foundation, optimizing our operating model, and diversifying our business mix - are translating into a more resilient, higher-quality earnings profile. We remain focused on advancing these priorities to further build on this trajectory and create sustainable, long-term value for shareholders."
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Analyst Views on LNC
Wall Street analysts forecast LNC stock price to rise
9 Analyst Rating
3 Buy
5 Hold
1 Sell
Hold
Current: 35.940
Low
41.00
Averages
47.56
High
59.00
Current: 35.940
Low
41.00
Averages
47.56
High
59.00
About LNC
Lincoln National Corporation is a holding company, which operates multiple insurance and retirement businesses through subsidiary companies. The Company operates through four segments, which include Annuities, Life Insurance, Group Protection and Retirement Plan Services. The Annuities segment provides tax-deferred investment growth and lifetime wealth accumulation and protection opportunities for its clients by offering variable annuities, fixed including indexed annuities and registered index-linked annuities (RILA). The Life Insurance segment provides life insurance products, including term insurance, universal life insurance (IUL) and variable universal life insurance (VUL) products, linked-benefit products, and critical illness and long-term care riders. The Group Protection segment offers group non-medical insurance products and services, including short- and long-term disability, statutory disability and paid family medical leave administration.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Lincoln National Corporation Q1 2026 Earnings Call Insights
- Sustained Operating Income Growth: Lincoln National Corporation reported a 16% year-over-year increase in adjusted operating income for Q1, reaching $326 million or $1.66 per diluted share, demonstrating the company's ongoing execution in fortifying its capital foundation and driving profitable growth, despite a GAAP net loss of $211 million reflecting market risk impacts.
- Annuity Sales Dynamics: Total annuity sales for the first quarter were $3.9 billion, with spread-based products accounting for 64%, although variable annuity sales declined year-over-year, aligning with the company's strategic goal to reduce market sensitivity, indicating a shift towards a more balanced business mix.
- Retirement Plan Services Outlook: Management anticipates net outflows in Retirement Plan Services to rise to between $2 billion and $2.5 billion in Q2, primarily due to plan terminations that did not meet profitability targets, highlighting the importance of profitability in the company's short-term cash flow management.
- Life Insurance Business Improvement: The life insurance segment reported operating income of $41 million in Q1, a significant improvement from a loss of $16 million in the prior year, reflecting the ongoing benefits from alternative investment returns and consolidation efforts, although the earnings flow will take time to materialize meaningfully.
See More
Centro Expands API Integration with Lincoln for Enhanced Broker Experience
- API Integration Upgrade: Centro's expansion of its API integration with Lincoln introduces RFP data exchange capabilities, enabling brokers to submit proposals more efficiently while reducing manual entry and enhancing data accuracy, thereby optimizing client service experiences.
- Process Automation: RFP data submitted through the Centro Broker Portal flows directly into Lincoln's systems, eliminating rekeying and minimizing the risk of human error, which is expected to accelerate proposal submission and response times, enhancing overall workflow efficiency.
- Realizing Collaborative Vision: Centro President Treg Balding noted that this partnership reflects the potential of strong partners coming together with a shared vision, leveraging technology to streamline processes, reduce manual touchpoints, and enhance the connection experience between brokers and their clients.
- Commitment to Continuous Innovation: Centro is dedicated to modernizing broker-carrier workflows by continuously integrating leading carriers like Lincoln, enabling brokers to respond more quickly to market demands and create greater value for clients.
See More
Lincoln National Q1 Earnings Exceed Expectations
- Strong Earnings Performance: Lincoln National reported a Q1 non-GAAP EPS of $1.66, beating expectations by $0.06, which reflects the company's robust profitability and boosts investor confidence.
- Significant Revenue Growth: The company achieved revenues of $5.31 billion in Q1, representing a 13.2% year-over-year increase and exceeding expectations by $370 million, indicating a strong business growth momentum that solidifies its market position.
- Capital Allocation Strategy: Lincoln National's strategic positioning in high yield and capital appreciation enables it to effectively navigate challenges posed by rising private credit risks, showcasing its resilience in uncertain market conditions.
- Valuation and Fundamentals Alignment: The company's valuation remains in sync with its fundamentals, and despite technical caution in the market, its strong financial performance and solid fundamentals lay a foundation for future growth.
See More
Lincoln National Set to Announce Q1 Earnings on May 7
- Earnings Announcement: Lincoln National is set to release its Q1 2023 earnings on May 7 before market open, with consensus EPS estimate at $1.60 (flat YoY) and revenue estimate at $4.94B (+5.3% YoY), providing critical performance indicators for investors.
- Historical Performance: Over the past two years, Lincoln National has beaten EPS estimates 100% of the time and revenue estimates 50% of the time, indicating the company's stability in profitability and market confidence.
- Estimate Revisions: In the last three months, there have been no upward revisions to EPS estimates, with 8 downward revisions, while revenue estimates also saw no upward revisions and 3 downward revisions, reflecting a cautious market outlook on the company's future performance.
- Risk Management Strategy: Lincoln National is seeking a deal to lower life insurance risk, and the U.S. Treasury is consulting insurance regulators on rising private credit risks, indicating the company's proactive strategies in addressing market challenges.
See More
Lincoln Financial Declares Quarterly Dividend
- Quarterly Dividend Announcement: Lincoln National Corporation's board declared a quarterly dividend of $562.50 per share on its 9.000% Non-Cumulative Preferred Stock, Series D, demonstrating the company's ongoing commitment to shareholder returns.
- Dividend Payment Details: The dividend will be payable on June 1, 2026, to holders of record on May 15, 2026, ensuring timely benefits for shareholders and enhancing investor confidence.
- Robust Customer Base: As of December 31, 2025, Lincoln Financial serves approximately 17 million customers across its core businesses, including annuities, life insurance, group protection, and retirement plan services, showcasing its extensive influence in the financial services sector.
- Asset Growth: The company reported $349 billion in end-of-period account balances as of December 31, 2025, net of reinsurance, reflecting its strong financial health and competitive position in the market.
See More
LINCOLN INTERNATIONAL INC - DECLARES INITIAL PUBLIC OFFERING OF CLASS A COMMON STOCK - SEC FILING
Initial Public Offering Announcement: Lincoln International has announced the initial public offering (IPO) of its Class A common stock.
Securities Filing: The announcement includes details regarding the filing of a registration statement with the SEC for the offering.
See More
Lincoln National Corporation Q1 2026 Earnings Call Insights
- Sustained Operating Income Growth: Lincoln National Corporation reported a 16% year-over-year increase in adjusted operating income for Q1, reaching $326 million or $1.66 per diluted share, demonstrating the company's ongoing execution in fortifying its capital foundation and driving profitable growth, despite a GAAP net loss of $211 million reflecting market risk impacts.
- Annuity Sales Dynamics: Total annuity sales for the first quarter were $3.9 billion, with spread-based products accounting for 64%, although variable annuity sales declined year-over-year, aligning with the company's strategic goal to reduce market sensitivity, indicating a shift towards a more balanced business mix.
- Retirement Plan Services Outlook: Management anticipates net outflows in Retirement Plan Services to rise to between $2 billion and $2.5 billion in Q2, primarily due to plan terminations that did not meet profitability targets, highlighting the importance of profitability in the company's short-term cash flow management.
- Life Insurance Business Improvement: The life insurance segment reported operating income of $41 million in Q1, a significant improvement from a loss of $16 million in the prior year, reflecting the ongoing benefits from alternative investment returns and consolidation efforts, although the earnings flow will take time to materialize meaningfully.
See More
Centro Expands API Integration with Lincoln for Enhanced Broker Experience
- API Integration Upgrade: Centro's expansion of its API integration with Lincoln introduces RFP data exchange capabilities, enabling brokers to submit proposals more efficiently while reducing manual entry and enhancing data accuracy, thereby optimizing client service experiences.
- Process Automation: RFP data submitted through the Centro Broker Portal flows directly into Lincoln's systems, eliminating rekeying and minimizing the risk of human error, which is expected to accelerate proposal submission and response times, enhancing overall workflow efficiency.
- Realizing Collaborative Vision: Centro President Treg Balding noted that this partnership reflects the potential of strong partners coming together with a shared vision, leveraging technology to streamline processes, reduce manual touchpoints, and enhance the connection experience between brokers and their clients.
- Commitment to Continuous Innovation: Centro is dedicated to modernizing broker-carrier workflows by continuously integrating leading carriers like Lincoln, enabling brokers to respond more quickly to market demands and create greater value for clients.
See More
Lincoln National Q1 Earnings Exceed Expectations
- Strong Earnings Performance: Lincoln National reported a Q1 non-GAAP EPS of $1.66, beating expectations by $0.06, which reflects the company's robust profitability and boosts investor confidence.
- Significant Revenue Growth: The company achieved revenues of $5.31 billion in Q1, representing a 13.2% year-over-year increase and exceeding expectations by $370 million, indicating a strong business growth momentum that solidifies its market position.
- Capital Allocation Strategy: Lincoln National's strategic positioning in high yield and capital appreciation enables it to effectively navigate challenges posed by rising private credit risks, showcasing its resilience in uncertain market conditions.
- Valuation and Fundamentals Alignment: The company's valuation remains in sync with its fundamentals, and despite technical caution in the market, its strong financial performance and solid fundamentals lay a foundation for future growth.
See More
Lincoln National Set to Announce Q1 Earnings on May 7
- Earnings Announcement: Lincoln National is set to release its Q1 2023 earnings on May 7 before market open, with consensus EPS estimate at $1.60 (flat YoY) and revenue estimate at $4.94B (+5.3% YoY), providing critical performance indicators for investors.
- Historical Performance: Over the past two years, Lincoln National has beaten EPS estimates 100% of the time and revenue estimates 50% of the time, indicating the company's stability in profitability and market confidence.
- Estimate Revisions: In the last three months, there have been no upward revisions to EPS estimates, with 8 downward revisions, while revenue estimates also saw no upward revisions and 3 downward revisions, reflecting a cautious market outlook on the company's future performance.
- Risk Management Strategy: Lincoln National is seeking a deal to lower life insurance risk, and the U.S. Treasury is consulting insurance regulators on rising private credit risks, indicating the company's proactive strategies in addressing market challenges.
See More
Lincoln Financial Declares Quarterly Dividend
- Quarterly Dividend Announcement: Lincoln National Corporation's board declared a quarterly dividend of $562.50 per share on its 9.000% Non-Cumulative Preferred Stock, Series D, demonstrating the company's ongoing commitment to shareholder returns.
- Dividend Payment Details: The dividend will be payable on June 1, 2026, to holders of record on May 15, 2026, ensuring timely benefits for shareholders and enhancing investor confidence.
- Robust Customer Base: As of December 31, 2025, Lincoln Financial serves approximately 17 million customers across its core businesses, including annuities, life insurance, group protection, and retirement plan services, showcasing its extensive influence in the financial services sector.
- Asset Growth: The company reported $349 billion in end-of-period account balances as of December 31, 2025, net of reinsurance, reflecting its strong financial health and competitive position in the market.
See More
LINCOLN INTERNATIONAL INC - DECLARES INITIAL PUBLIC OFFERING OF CLASS A COMMON STOCK - SEC FILING
Initial Public Offering Announcement: Lincoln International has announced the initial public offering (IPO) of its Class A common stock.
Securities Filing: The announcement includes details regarding the filing of a registration statement with the SEC for the offering.
See More
