The earnings call reflects a strong performance across several business segments, particularly in Group Protection and Annuities sales. However, there are challenges in Retirement Plan Services earnings due to stable value outflows and ongoing issues with the legacy life portfolio. Overall, the company's strategic initiatives appear to be yielding positive results, with a strong capital position supporting future growth.

Company Guidance

During Lincoln Financial's 2025 Second Quarter Earnings Call, the company reported a robust performance, with a 32% year-over-year increase in adjusted operating income, marking the fourth consecutive quarter of such growth. The estimated RBC ratio exceeded the target of 400% for the seventh quarter in a row, providing a strong capital buffer. The Group Protection business achieved record earnings with a margin of 12.5%, while annuities recorded their third highest sales quarter with a diversified product mix. Retirement Plan Services saw a 10% increase in total deposits, fueled by a nearly 50% rise in first-year sales, and Life Insurance posted positive earnings due to favorable mortality and improved expenses. The company highlighted strategic developments, including optimizing its operating model, launching a Bermuda-based reinsurance subsidiary, and advancing its investment strategy. The focus on a diversified product mix contributed to predictable and resilient cash flows, while strategic initiatives aimed at long-term value creation were underscored by strategic investments, disciplined execution, and market adaptability.

Significant Increase in Adjusted Operating Income

Adjusted operating income increased by 32% year-over-year, marking the fourth consecutive quarter of year-over-year growth.

Strong Performance in Group Protection

The Group Protection business delivered a record quarter for earnings with a 33% increase year-over-year and a margin improvement of 250 basis points to 12.5%.

Annuities Sales Growth

Annuities generated its third highest sales quarter with a 6% sequential increase, supported by a more diverse and balanced product mix.

Increase in Retirement Plan Services Deposits

Retirement Plan Services saw a 10% year-over-year increase in total deposits, driven by strong first-year sales growth.

Launch of Bermuda-based Reinsurance Subsidiary

The company launched its Bermuda-based reinsurance subsidiary, strengthening its ability to deploy capital more effectively.

Lincoln National (LNC) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

LNC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	1.84 / -	2.06	―	―	―
Jul 31, 2025	2025 (Q2)	1.88 / 2.36	1.84	28.26% (+0.52)
May 08, 2025	2025 (Q1)	1.54 / 1.60	0.41	290.24% (+1.19)
Feb 06, 2025	2024 (Q4)	1.76 / 1.91	1.45	31.72% (+0.46)
Oct 31, 2024	2024 (Q3)	1.61 / 2.06	0.23	795.65% (+1.83)
Aug 01, 2024	2024 (Q2)	1.77 / 1.84	2.02	-8.91% (-0.18)
May 02, 2024	2024 (Q1)	1.10 / 0.41	1.52	-73.03% (-1.11)
Feb 08, 2024	2023 (Q4)	1.31 / 1.45	0.97	49.48% (+0.48)
Nov 01, 2023	2023 (Q3)	1.76 / 0.23	-10.23	102.25% (+10.46)	―
Aug 02, 2023	2023 (Q2)	1.85 / 2.02	2.23	-9.42% (-0.21)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

LNC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 31, 2025	$34.20	$38.11	+11.43%
May 08, 2025	$33.54	$32.93	-1.82%
Feb 06, 2025	$32.87	$34.82	+5.93%
Oct 31, 2024	$32.23	$33.34	+3.44%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Lincoln National (LNC) report earnings?

Lincoln National (LNC) is schdueled to report earning on Oct 30, 2025, After Close (Confirmed).

What is Lincoln National (LNC) earnings time?

Lincoln National (LNC) earnings time is at Oct 30, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is LNC EPS forecast?

LNC EPS forecast for the fiscal quarter 2025 (Q3) is 1.84.

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