LINCOLN NATIONAL CORP (LNC) Form 10-Q — Nov 5, 2026
Lincoln National reported a sharp earnings rebound: Q3 2026 net income was $1,399 million ($6.77 diluted EPS) versus $445 million ($2.12) a year ago, helped by favorable market risk benefit gains and higher net investment income. The quarter was clouded by litigation: the Second Circuit reversed final approval of the $147.5 million pre-tax Glover cost-of-insurance class settlement, and the parties filed an amended settlement in September 2026 that remains subject to objections.
Key figures
- Eps
- 6.77
- Revenue
- 5481000000
- Net Income
- 1399000000
- Total Debt
- 6440000000
- Revenue Yoy
- Q3 revenue $5,481M vs $4,555M prior year (+20%)
- Total Assets
- 418695000000
- Cash Position
- 9791000000
- Shares Outstanding
- 190423066
- Aoci
- negative $7,278M as of Sept 30, 2026
- Credit facility
- $2.0 billion revolving, $91M LOCs issued, none drawn
- Talcott reinsurance
- $5.8 billion guaranteed universal life statutory reserves ceded effective Oct 1, 2026
- Preferred repurchase
- $462 million total cash consideration for Series C and D depositary shares
- Gross annual dividend
- $0.45 per common share per quarter declared
- Nine month net income
- $2,559M vs $423M prior year
- Total stockholders equity
- $9,424M vs $10,906M at year-end 2025
AI analysis
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