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Lincoln National (LNC) Reports Q1 Earnings: What Key Metrics Have to Say

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Lincoln National (LNC - Free Report) reported $4.87 billion in revenue for the quarter ended March 2026, representing a year-over-year increase of 3.9%. EPS of $1.66 for the same period compares to $1.60 a year ago.

The reported revenue represents a surprise of -0.15% over the Zacks Consensus Estimate of $4.88 billion. With the consensus EPS estimate being $1.63, the EPS surprise was +1.59%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Lincoln National performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Loss Ratio - Group Protection: 71.1% compared to the 71.8% average estimate based on two analysts.
  • Net Flows - Annuities: $-2.2 billion compared to the $-1.48 billion average estimate based on two analysts.
  • Net Flows - Life Insurance: $634 million compared to the $740.46 million average estimate based on two analysts.
  • Revenues- Insurance premiums: $1.67 billion versus $1.72 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -0.1% change.
  • Revenues- Net investment income: $1.61 billion compared to the $1.49 billion average estimate based on three analysts. The reported number represents a change of +10.2% year over year.
  • Revenues- Fee income: $1.38 billion compared to the $1.4 billion average estimate based on three analysts. The reported number represents a change of +0.9% year over year.
  • Revenues- Retirement Plan Services- Fee income: $86 million versus $79.21 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +19.4% change.
  • Revenues- Retirement Plan Services- Net investment income: $260 million versus the two-analyst average estimate of $258.21 million. The reported number represents a year-over-year change of +3.6%.
  • Revenues- Life Insurance- Insurance premiums: $256 million compared to the $270.85 million average estimate based on two analysts. The reported number represents a change of -9.5% year over year.
  • Revenues- Life Insurance- Fee income: $677 million versus the two-analyst average estimate of $702.43 million. The reported number represents a year-over-year change of -3%.
  • Revenues- Other Operations: $57 million versus the two-analyst average estimate of $47.94 million. The reported number represents a year-over-year change of +9.6%.
  • Revenues- Group Protection- Insurance premiums: $1.4 billion compared to the $1.42 billion average estimate based on two analysts. The reported number represents a change of +2% year over year.

View all Key Company Metrics for Lincoln National here>>>

Shares of Lincoln National have returned +5.5% over the past month versus the Zacks S&P 500 composite's +11.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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