LINCOLN NATIONAL LIFE INSURANCE CO /IN/
Financials · Life Insurance · IN · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $15.03B | $12.29B | $10.06B | $17.56B | $18.51B | $16.57B |
| Operating income | — | — | — | — | — | — |
| Net income | $965.0M | $2.13B | −$1.79B | −$1.68B | $3.30B | $591.0M |
| Total assets | $432.99B | $405.43B | $373.98B | $335.58B | $392.01B | $368.32B |
| Total liabilities | $421.01B | $394.91B | $363.47B | $326.98B | $369.63B | $343.28B |
| Equity | $11.99B | $10.51B | $10.51B | $8.60B | $25.93B | $25.04B |
| EPS (diluted) | — | — | — | — | — | — |
| Shares out. | 10.0M | 10.0M | 10.0M | 10.0M | 10.0M | 10.0M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- —
- Net margin
- 6.4%
- Return on equity
- 8.1%
- Return on assets
- 0.2%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 97.2%
- Debt / equity
- 35.12×
- Book value / share
- $1198.60
- Revenue growth (YoY)
- 22.3%
- Net income growth (YoY)
- −54.7%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Accruals / assets
- 0.1%clean
- Piotroski F-Score
- 5/7mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 1 warning● 3 good- High leverage (liabilities > 70% of assets)
- Revenue is growing year-over-year
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Material events
SEC Form 8-K · most recent- Other material eventMay 23, 2023
- Prior financials not reliable (restatement)Mar 27, 2023
- Entered a material agreementJan 23, 2018
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.