Lincoln National Corporation
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Lincoln National Corporation (LNC). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | Q1 2025 | Q2 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|
| Group Protection | $1.52B 32.7% | $1.54B 37.8% | $1.56B 29.6% | $1.57B 34.9% |
| Annuities | $1.39B 30.0% | $684.0M 16.8% | $1.58B 30.0% | $1.38B 30.6% |
| Life Insurance | $1.41B 30.3% | $1.52B 37.5% | $1.79B 33.9% | $1.21B 26.7% |
| Retirement Plan Services | $323.0M 7.0% | $321.0M 7.9% | $343.0M 6.5% | $353.0M 7.8% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | Q1 2025 | Q2 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|
| Group Protection | $101.0M 6.6% | $173.0M 11.2% | $112.0M 7.2% | $147.0M 9.3% |
| Annuities | $290.0M 20.8% | $287.0M 42.0% | $275.0M 17.4% | $287.0M 20.8% |
| Life Insurance | -$16.0M -1.1% | $32.0M 2.1% | $41.0M 2.3% | $57.0M 4.7% |
| Retirement Plan Services | $34.0M 10.5% | $37.0M 11.5% | $43.0M 12.5% | $49.0M 13.9% |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 11, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.