Lincoln National Reports Strong Q4 and 2025 Results
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An update from Lincoln National ( (LNC) ) is now available.
Lincoln Financial on February 12, 2026 reported fourth-quarter and full-year 2025 results, highlighting strong momentum across all business segments and improved profitability versus the prior year. Fourth-quarter net income available to common shareholders was $745 million, or $3.80 per diluted share, while adjusted operating income was $434 million, or $2.21 per diluted share, with the gap largely driven by non-economic changes in market risk benefits.
Management cited disciplined capital management and a more efficient operating model, with holding company liquidity rising to $655 million at year-end 2025. Annuities posted record-high account balances of $175 billion and a 33% sales increase, life insurance swung to higher earnings on better mortality and investment returns, group protection grew premiums 8% despite lower sales off a record 2024 quarter, and retirement plan services increased operating income and deposits even as net outflows widened, underscoring a more resilient but still evolving earnings profile for investors and policyholders.
The most recent analyst rating on (LNC) stock is a Hold with a $43.00 price target. To see the full list of analyst forecasts on Lincoln National stock, see the LNC Stock Forecast page.
Spark’s Take on LNC Stock
According to Spark, TipRanks’ AI Analyst, LNC is a Outperform.
Lincoln National’s overall stock score reflects a balance of strong valuation and technical indicators, supported by positive earnings call insights and strategic corporate events. However, financial performance concerns, particularly in cash flow, temper the score. The company’s ability to address these challenges will be crucial for future performance.
To see Spark’s full report on LNC stock, click here.
More about Lincoln National
Lincoln Financial Group (NYSE: LNC) is a U.S.-based provider of insurance and retirement solutions, operating across life insurance, annuities, group protection and retirement plan services. The company focuses on both retail and workplace markets, emphasizing spread-based annuity products, accumulation-focused life policies, group benefits, and retirement plans, with a strategy centered on profitable growth, capital discipline and franchise strengths.
Average Trading Volume: 1,620,409
Technical Sentiment Signal: Buy
Current Market Cap: $7.47B
Find detailed analytics on LNC stock on TipRanks’ Stock Analysis page.
