Lincoln Financial's earnings call highlighted strong financial performance with significant growth in adjusted operating income and robust results across various business segments, particularly in Group Protection and Annuities. However, challenges remain, particularly in Retirement Plan Services due to stable value outflows and traditional variable annuity outflows. Overall, the positive developments outweigh the challenges, indicating a positive sentiment.

Company Guidance -

Q3 2025

During Lincoln Financial's 2025 Second Quarter Earnings Call, several key metrics were highlighted, reflecting the company's strong performance and strategic progress. Adjusted operating income increased by 32% year-over-year, marking the fourth consecutive quarter of growth. The Group Protection business achieved record earnings and its highest-ever margin, with a 33% increase in earnings year-over-year and a margin improvement of 250 basis points to 12.5%. Annuities recorded robust sales of $4 billion, with a 6% sequential increase, while Retirement Plan Services saw a 10% increase in total deposits. The estimated Risk-Based Capital (RBC) ratio exceeded the 400% target for the seventh consecutive quarter, with a 20 percentage point buffer for the fifth consecutive quarter. These results underscore Lincoln Financial's successful strategic initiatives, including optimizing its operating model and diversifying its product mix for higher margins and more stable cash flows.

Impressive Adjusted Operating Income Growth

Lincoln Financial's adjusted operating income increased by 32% year-over-year, marking the fourth consecutive quarter of growth.

Strong Performance in Group Protection Business

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

Annuities Robust Sales

Annuities generated strong sales of $4 billion, a 6% sequential increase, with fixed annuity sequential growth of 41% and RILA's sequential growth of 12%.

Life Insurance Sales Increase

Life insurance sales increased 15% year-over-year and 25% sequentially, driven by broad-based momentum across products.

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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