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Lincoln National (LNC) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

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Lincoln National (LNC - Free Report) reported $4.93 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 4.2%. EPS of $2.24 for the same period compares to $2.36 a year ago.

The reported revenue represents a surprise of +1.4% over the Zacks Consensus Estimate of $4.86 billion. With the consensus EPS estimate being $2.00, the EPS surprise was +12%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

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: 68.4% versus the two-analyst average estimate of 69%.
  • Net Flows - Annuities: $-2.92 billion versus the two-analyst average estimate of $-1.73 billion.
  • Net Flows - Life Insurance: $1.13 billion versus the two-analyst average estimate of $715.51 million.
  • Net Flows - Retirement Plan Services: $-2.43 billion versus $-2.23 billion estimated by two analysts on average.
  • Revenues- Insurance premiums: $1.72 billion versus the three-analyst average estimate of $1.72 billion. The reported number represents a year-over-year change of +2%.
  • Revenues- Net investment income: $1.63 billion versus the three-analyst average estimate of $1.47 billion. The reported number represents a year-over-year change of +10.9%.
  • Revenues- Fee income: $1.41 billion versus the three-analyst average estimate of $1.41 billion. The reported number represents a year-over-year change of +4.9%.
  • Revenues- Retirement Plan Services- Fee income: $93 million compared to the $84.25 million average estimate based on two analysts. The reported number represents a change of +29.2% year over year.
  • Revenues- Retirement Plan Services- Net investment income: $260 million versus the two-analyst average estimate of $253.69 million. The reported number represents a year-over-year change of +3.2%.
  • Revenues- Life Insurance- Insurance premiums: $258 million versus the two-analyst average estimate of $270.64 million. The reported number represents a year-over-year change of -3.4%.
  • Revenues- Life Insurance- Fee income: $683 million compared to the $699.24 million average estimate based on two analysts. The reported number represents a change of -0.7% year over year.
  • Revenues- Other Operations: $84 million compared to the $51.57 million average estimate based on two analysts. The reported number represents a change of +104.9% year over year.

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

Shares of Lincoln National have returned +14.4% over the past month versus the Zacks S&P 500 composite's -1.5% 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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