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Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The company's Life Insurance segment provides life insurance products, including term insurance, such as single and survivorship versions of universal life insurance; variable universal life insurance; indexed universal life insurance products; and critical illness and long-term care riders. Its Annuities segment offers fixed, variable, and indexed variable annuities. The company's Group Protection segment offers group non-medical insurance products including short and long-term disability, statutory disability and paid family medical leave administration, and absence management services, term life, dental, vision and accident, and critical illness benefits and services to the employer marketplace through various forms of employee-paid and employer-paid plans. Its Retirement Plan Services segment provides employers with retirement plan products and services primarily in the defined contribution retirement plan marketplace; individual and group variable annuities, group fixed annuities, and mutual fund-based programs; and a range of plan services, including plan recordkeeping, compliance testing, participant education, and trust and custodial services. The company distributes its products through consultants, brokers, planners, agents, financial advisors, third-party administrators, and other intermediaries. Lincoln National Corporation was founded in 1905 and is headquartered in Radnor, Pennsylvania.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Lincoln National Corporation is a U.S. life insurer and retirement-services firm providing life insurance, annuities, group protection and retirement-plan solutions. Long-term growth drivers include ageing demographics, rising retirement savings demand and growth in fee-based annuity and wealth-management products, which may benefit investors seeking recurring premium and fee income.
Key risks include sensitivity to interest rates and credit spreads that affect annuity profitability, guarantee and mortality exposures, and regulatory and capital-pressure risks that could constrain earnings.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | -2811.00M | 1638.00M | 423.00M | 919.00M | 1885.00M |
| Net income | -2227.00M | 1405.00M | 499.00M | 886.00M | 1641.00M |
| Selling general administrative | 2754.00M | 2251.00M | 2072.00M | 2210.00M | 1953.00M |
| Gross profit | 18784.00M | 19230.00M | 17439.00M | 17258.00M | 16424.00M |
| Reconciled depreciation | 37.00M | 37.00M | 37.00M | 26.00M | 9.00M |
| Ebit | -2811.00M | 815.00M | -276.00M | 888.00M | 2173.00M |
| Ebitda | 6378.00M | 852.00M | -239.00M | 914.00M | 2182.00M |
| Depreciation and amortization | 37.00M | 37.00M | 37.00M | 26.00M | 9.00M |
| Operating income | -2811.00M | 815.00M | -276.00M | 888.00M | 2182.00M |
| Other operating expenses | 21595.00M | 17592.00M | 17016.00M | 16339.00M | 14539.00M |
| Interest expense | 283.00M | 270.00M | 284.00M | 326.00M | 297.00M |
| Tax provision | -584.00M | 233.00M | -76.00M | 33.00M | 244.00M |
| Interest income | 283.00M | 270.00M | 284.00M | 339.00M | 310.00M |
| Net interest income | -283.00M | -270.00M | -284.00M | -414.00M | -381.00M |
| Extraordinary items | - | - | 37.00M | 17.00M | 19.00M |
| Income tax expense | 584.00M | 233.00M | -76.00M | 33.00M | 244.00M |
| Total revenue | 18784.00M | 19230.00M | 17439.00M | 17258.00M | 16424.00M |
| Total operating expenses | 21595.00M | -18415.00M | -17715.00M | -16370.00M | 14242.00M |
| Cost of revenue | - | 19116.00M | - | 12669.00M | 11257.00M |
| Total other income expense net | 796.00M | 823.00M | 699.00M | 31.00M | 9.00M |
| Net income from continuing ops | -2286.00M | 1405.00M | 560.00M | 858.00M | 1634.00M |
| Net income applicable to common shares | -2227.00M | 1405.00M | 499.00M | 886.00M | 1641.00M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Total assets | 334217.00M | 387301.00M | 365944.00M | 334761.00M | 298147.00M |
| Intangible assets | - | - | - | 633.00M | 664.00M |
| Other current assets | 31038.00M | -134184.00M | -140026.00M | 207611.00M | 3993.00M |
| Total liab | 329115.00M | 367029.00M | 6682.00M | 315072.00M | 283797.00M |
| Total stockholder equity | 5102.00M | 20272.00M | 22699.00M | 19689.00M | 14350.00M |
| Deferred long term liab | 215.00M | 203.00M | 213.00M | 234.00M | 248.00M |
| Other current liab | 250.00M | -300.00M | 392.00M | -300.00M | 277958.00M |
| Common stock | 4544.00M | 4735.00M | 5082.00M | 5162.00M | 5392.00M |
| Capital stock | 5530.00M | 4735.00M | 5082.00M | 5162.00M | 5392.00M |
| Retained earnings | 5924.00M | 9096.00M | 8686.00M | 8854.00M | 8551.00M |
| Other liab | 312098.00M | 357530.00M | 333779.00M | 297243.00M | 269291.00M |
| Good will | 1144.00M | 1778.00M | 1778.00M | 1778.00M | 1782.00M |
| Other assets | 106451.00M | 119744.00M | 94758.00M | 97635.00M | 118680.00M |
| Cash | 3343.00M | 2612.00M | 1708.00M | 2563.00M | 2345.00M |
| Cash and equivalents | 3343.00M | 2612.00M | 1708.00M | 2563.00M | 2345.00M |
| Total current liabilities | 750.00M | 300.00M | 250.00M | 300.00M | 277958.00M |
| Net debt | 3112.00M | 4013.00M | 4974.00M | 3804.00M | 3494.00M |
| Short term debt | 500.00M | 300.00M | 250.00M | 300.00M | 0.00M |
| Short long term debt | 500.00M | 300.00M | 250.00M | 300.00M | 0.00M |
| Short long term debt total | 6455.00M | 6625.00M | 6682.00M | 6367.00M | 5839.00M |
| Other stockholder equity | 5530.00M | 4735.00M | 5082.00M | 5162.00M | 5392.00M |
| Property plant equipment | 154.00M | 184.00M | 257.00M | 361.00M | 12.00M |
| Total current assets | 122961.00M | 142233.00M | 141734.00M | 125372.00M | 118680.00M |
| Long term investments | 133049.00M | 123546.00M | 155213.00M | 134845.00M | 116335.00M |
| Net tangible assets | 1971.00M | 18494.00M | 20921.00M | 17911.00M | 12568.00M |
| Short term investments | 99736.00M | 118746.00M | 123044.00M | 105200.00M | 94024.00M |
| Net receivables | 19443.00M | 20875.00M | 16982.00M | 17609.00M | 18318.00M |
| Long term debt | 5955.00M | 6325.00M | 8628.00M | 7877.00M | 7579.00M |
| Accounts payable | 6712.00M | 2118.00M | 6222.00M | 5082.00M | 4805.00M |
| Accumulated other comprehensive income | -6352.00M | 6441.00M | 8931.00M | 5673.00M | 407.00M |
| Common stock total equity | 4544.00M | 4735.00M | 5082.00M | 5162.00M | 5392.00M |
| Preferred stock total equity | 986.00M | - | - | - | - |
| Retained earnings total equity | 6239.00M | 9096.00M | 8686.00M | 8854.00M | 8551.00M |
| Non currrent assets other | -104805.00M | -125324.00M | -129452.00M | -111754.00M | 81612.00M |
| Non current assets total | 104805.00M | 125324.00M | 129452.00M | 111754.00M | 179467.00M |
| Long term debt total | 5955.00M | 6325.00M | 8628.00M | 7877.00M | 7579.00M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | -9355.00M | -7210.00M | -11357.00M | -1916.00M | -2957.00M |
| Change to liabilities | -619.00M | 621.00M | -116.00M | -1599.00M | -52.00M |
| Total cashflows from investing activities | -11643.00M | -3567.00M | -9481.00M | -5499.00M | -5815.00M |
| Net borrowings | -4.00M | -8.00M | 180.00M | 394.00M | 622.00M |
| Total cash from financing activities | 8341.00M | 4320.00M | 8092.00M | 8403.00M | 4589.00M |
| Change to operating activities | 5915.00M | -1234.00M | -753.00M | -1944.00M | 414.00M |
| Net income | -2227.00M | 1405.00M | 499.00M | 886.00M | 1641.00M |
| Change in cash | 731.00M | 904.00M | -855.00M | 218.00M | 717.00M |
| Begin period cash flow | 2612.00M | 1708.00M | 2563.00M | 2345.00M | 1628.00M |
| End period cash flow | 3343.00M | 2612.00M | 1708.00M | 2563.00M | 2345.00M |
| Total cash from operating activities | 4033.00M | 151.00M | 534.00M | -2686.00M | 1943.00M |
| Issuance of capital stock | 986.00M | - | - | - | - |
| Depreciation | -74.00M | -46.00M | -41.00M | -409.00M | -81.00M |
| Other cashflows from investing activities | -2288.00M | 3643.00M | 1876.00M | -3583.00M | -2858.00M |
| Dividends paid | -310.00M | -319.00M | -311.00M | -303.00M | 289.00M |
| Change to account receivables | -54.00M | -93.00M | -21.00M | 105.00M | -87.00M |
| Sale purchase of stock | -550.00M | -1105.00M | -275.00M | -550.00M | -900.00M |
| Other cashflows from financing activities | 9587.00M | 5624.00M | 8430.00M | 8816.00M | 6321.00M |
| Change to netincome | 1339.00M | -325.00M | 435.00M | -2085.00M | -29.00M |
| Capital expenditures | 0.00M | 0.00M | 0.00M | 0.00M | 1821.00M |
| Change receivables | -121.00M | -77.00M | -105.00M | 76.00M | -104.00M |
| Cash flows other operating | 5661.00M | -1473.00M | -179.00M | 36.00M | 487.00M |
| Cash and cash equivalents changes | 731.00M | 904.00M | -855.00M | 218.00M | 717.00M |
| Change in working capital | 5331.00M | -1095.00M | -872.00M | -2066.00M | 481.00M |
| Other non cash items | 1003.00M | -113.00M | 948.00M | -1097.00M | -98.00M |
| Free cash flow | 4033.00M | 151.00M | 534.00M | -2686.00M | 122.00M |
Sector: Financial Services Industry: Insurance - Life
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
|---|---|---|---|---|---|---|---|
| LNC Lincoln National Corporation |
-0.36 0.88% |
41.01 | - | 3.65 | 0.31 | 2.07 | 0.60 |
| PIAIF Ping An Insurance |
- -% |
5.96 | 5.78 | 5.15 | 0.13 | 0.85 | 1.31 |
| CILJF China Life Insurance Co Ltd |
-0.08 2.55% |
3.06 | 2.96 | 5.06 | 0.23 | 1.11 | 1.10 |
| AAGIY AIA Group Ltd ADR |
1.93 5.26% |
38.64 | 12.84 | 11.34 | 3.88 | 2.47 | 2.22 |
| AAIGF AIA Group Ltd |
- -% |
9.46 | 12.45 | 10.93 | 3.86 | 2.38 | 2.21 |
Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The company's Life Insurance segment provides life insurance products, including term insurance, such as single and survivorship versions of universal life insurance; variable universal life insurance; indexed universal life insurance products; and critical illness and long-term care riders. Its Annuities segment offers fixed, variable, and indexed variable annuities. The company's Group Protection segment offers group non-medical insurance products including short and long-term disability, statutory disability and paid family medical leave administration, and absence management services, term life, dental, vision and accident, and critical illness benefits and services to the employer marketplace through various forms of employee-paid and employer-paid plans. Its Retirement Plan Services segment provides employers with retirement plan products and services primarily in the defined contribution retirement plan marketplace; individual and group variable annuities, group fixed annuities, and mutual fund-based programs; and a range of plan services, including plan recordkeeping, compliance testing, participant education, and trust and custodial services. The company distributes its products through consultants, brokers, planners, agents, financial advisors, third-party administrators, and other intermediaries. Lincoln National Corporation was founded in 1905 and is headquartered in Radnor, Pennsylvania.
150 North Radnor-Chester Road, Radnor, PA, United States, 19087
484 583 1400
11316
| Name | Title | Year Born |
|---|---|---|
| Ms. Ellen Gail Cooper C.F.A., F.S.A. | Pres, CEO & Director | 1964 |
| Mr. Randal Jay Freitag FSA | Exec. VP, CFO & Head of Individual Life | 1963 |
| Mr. Kenneth Steven Solon | Exec. VP, Chief Information Officer and Head of Digital, IT & Enterprise Services | 1961 |
| Mr. Jayson Reagan Bronchetti C.A.I.A., C.F.A. | Exec. VP, Chief Investment Officer and Head of Risk & Sustainability | 1979 |
| Mr. Adam Cohen | Chief Accounting Officer | NA |
| Ms. Lucy Denise Gase | Sr. VP and Head of Admin. Services & Strategic Support | NA |
| Mr. Al Copersino | VP & Head of Investor Relations | NA |
| Mr. Steve Harris | Chief Ethics & Compliance Officer and Sr. VP | NA |
| Mr. Craig Todd Beazer | Exec. VP & Gen. Counsel | 1968 |
| Ms. Kristen Phillips | Head of Corp. Marketing and Enterprise Communications | NA |
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