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Company Analysis

Lincoln National Corporation LNC

A comprehensive view of key metrics, scores, and financial health for Lincoln National Corporation

Overview of Lincoln National Corporation

LNC NYQ
Financial Services Insurance - Life Framework: Insurance & Reinsurance Mid Cap
Lincoln National Corporation (LNC), is a Mid Cap company, in the Insurance - Life industry, last closed at $41.63, about 31.2% undervalued vs fair value, +1.9% 1Y return, placing in the top 10% of its sector.
Metrics P/E 7.7× Rev Growth 2.0% ROE 12.3% Gross Margin 56.9% Div Yield 4.92%
USD 41.63
1.51%
(Delayed)
• Vol 90d: 33.0%
52-Week Range
Market Cap
$7.97B
Enterprise Value
$5.66B
Overall Score
View breakdown
Overall
Growth
Fair
Profitability
Fair
Health
Weak
Efficiency
Fair
Valuation
Weak
Growth
Fair
Profitability
Fair
Health
Weak
Efficiency
Fair
Valuation
Weak
Completeness: 88%
Confidence: 93%
Updated: Oct 31
Top Beats

Quick Facts

Website https://www.lincolnfinancial.c...
HQ Radnor, PA
Employees 9,423
Fiscal year Dec 31

Next Events

Dividend Nov 2
Earnings Nov 5 Call: Nov 5

Fair Value Snapshot

Bear Base Bull
$30
$55
$102
Current: $41.63 +31% vs base

Engine Room Money Flow™

Mid Cap

Insurance & Reinsurance - Where revenue goes and how value is created

Flow Steps
Total Revenue
$18.3B
2%%
Claims & Losses
-$7.8B
-42%%
Acquisition & Admin Expenses
$2.6B
Underwriting Result
$1.3B
-66.7%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Insurance & Reinsurance

Quality & Reliability Indicators

Loss Ratio
42.4%
Excellent

Claims & Losses / Revenue — core underwriting discipline metric; lower is better

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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

$398.0M
12.2% of Net Income

Where It Leaks

Cash Flow Health critical
Significant cash flow inefficiencies identified. Multiple high-impact leaks require attention.
1
Active Leaks
0/1
Improving
0
High Impact
1
Critical
Moat Analysis Insurance & Reinsurance

Competitive Advantage Assessment

Evaluating Lincoln National Corporation's durable competitive advantages across 6 defense dimensions

Overall Moat Strength
56
/100
Moderate
Scores based on quantitative metrics and qualitative factors
Full moat analysis

Key strengths

  • Strong Return on Equity ROE signal is strong (score 0.82), with ROE at 12.3% — indicating efficient capital deployment.
  • Consistent Investment Income Investment consistency is high (score 0.68), reflecting a stable portfolio with predictable float income.

Key risks

  • Volatile Capital Returns Signal Cat Exposure Capital adequacy stability is low (score 0.32), indicating elevated catastrophe or reserve cycle exposure.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Underwriting Discipline

Moderate
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Signals, strengths and risks for Underwriting Discipline

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Signals, strengths and risks for Float Investment Quality

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Signals, strengths and risks for Pricing Power

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Signals, strengths and risks for Capital Strength & Solvency

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Signals, strengths and risks for Operational Efficiency

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Signals, strengths and risks for Scale & Diversification

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Insurance (Life, P&C, Reinsurance) vs Industry Peers 100% Coverage
Trade-Off Triangle Visualization A ternary plot showing LNC's balance between Growth (41.3%), Profitability (44.5%), and Safety (14.3%). Growth 41% Safety 14% Profitability 44%

Click axes to expand details. Marker shows current allocation.

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Growth

33th percentile vs peers
34
Key Signals
Equity Growth YoY 36.2% 86p Rev Growth YoY 2.0% 25p Revenue CAGR 3Y -1.0% 15p Asset Growth YoY 6.8% 51p EPS Growth YoY -68.4% 7p
Strengths
  • Equity Growth YoY in top 20% of peers (36.2%, 86th percentile)
Risks
  • EPS Growth YoY in bottom 20% of peers (-68.4%)

Profitability

36th percentile vs peers
36
Key Signals
Strengths
Risks
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Safety

11th percentile vs peers
12
Key Signals
Strengths
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Two Futures

Scenario-based fair value ranges for Lincoln National Corporation.

Loading valuation model...
Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

  • Recently listed companies (IPOs, SPACs)
  • Shell companies or holding companies
  • Companies that haven't filed recent financials
  • Foreign companies with limited data coverage
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Bear
-
- - -
- upside
-
Base
$54.62
- - -
+31.2% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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