LNC NYSE
Lincoln National Corporation
1W: +2.1%
1M: -0.1%
3M: -2.5%
YTD: -9.4%
1Y: +1.1%
3Y: +105.4%
5Y: -32.1%
$40.38
+0.21 (+0.52%)
After Hours: $40.09 (-0.30, -0.73%)
Weekly Expected Move ±3.6%
$37
$38
$40
$41
$43
Credit Risk of going bust: not rated, financial company (lending is its business) Bonds: $280.1M held by 362 funds, 113 bp over Treasuries → details ▾
Not rated: lending and leverage are a financial company's business, which the model misreads.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
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Financials
Income Statement
Cash Flow
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Earnings
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Institutions
ETF Exposure
Dark Pool
Short Interest
Supply Chain
Cash Flow Trends
Operating Cash Flow
-$167M
+91.7% ▲
Capital Expenditures
$0
+0.0% ▲
Free Cash Flow
-$167M
+91.7% ▲
Dividends Paid
$416M
-4.5% ▼
Buybacks
$0
+0.0% ▲
Net Change in Cash
$3.7B
+51.9% ▲
Cash Flow Composition
Year-over-Year Growth
View Full Cash Flow Statement
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| — Operating Activities — | |||||
| Net Income | $3.8B | $1.4B | -$752M | $3.3B | $1.2B |
| Depreciation & Amort. | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Comp. | $0 | $0 | $0 | $0 | $0 |
| Change in Working Capital | -$583M | $5.1B | -$3.4B | -$1.7B | -$2.0B |
| Other Non-Cash Items | -$3.4B | -$2.9B | $2.0B | -$3.6B | $700M |
| Operating Cash Flow | -$217M | $3.6B | -$2.1B | -$2.0B | -$167M |
| — Investing Activities — | |||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 |
| Acquisitions (Net) | $0 | $0 | $0 | $619M | $0 |
| Investment Purchases | -$17.7B | -$15.5B | -$11.8B | -$12.8B | -$25.6B |
| Investment Sales | $12.3B | $8.2B | $9.8B | $11.8B | $21.5B |
| Other Investing | $1.8B | -$4.4B | -$1.4B | $1.3B | $116M |
| Investing Cash Flow | -$3.6B | -$11.6B | -$3.3B | $821M | -$4.0B |
| — Financing Activities — | |||||
| Net Debt Issuance | $100M | $112M | -$542M | $145M | $188M |
| Stock Repurchased | -$1.1B | -$550M | $0 | $0 | $0 |
| Dividends Paid | -$319M | -$310M | -$387M | -$398M | -$416M |
| Other Financing | $6.0B | $8.5B | $6.4B | $3.9B | $7.3B |
| Financing Cash Flow | $4.7B | $8.8B | $5.4B | $3.6B | $7.9B |
| Net Change in Cash | $904M | $731M | $22M | $2.4B | $3.7B |
| Cash End of Period | $2.6B | $3.3B | $3.4B | $5.8B | $9.5B |
| Free Cash Flow | -$217M | $3.6B | -$2.1B | -$2.0B | -$167M |