Lincoln National (LNC)
Market Price (12/26/2025): $45.96 | Market Cap: $8.3 BilSector: Financials | Industry: Multi-line Insurance
Lincoln National (LNC)
Market Price (12/26/2025): $45.96Market Cap: $8.3 BilSector: FinancialsIndustry: Multi-line Insurance
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 29%, Dividend Yield is 3.8%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 25% | Trading close to highsDist 52W High is -0.5%, Dist 3Y High is -0.5% | Key risksLNC key risks include [1] vulnerability to financial strength rating downgrades due to concerns over its capital and RBC ratio, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -340% | ||
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 35% | ||
| Low stock price volatilityVol 12M is 39% | ||
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments, and AI in Financial Services. Themes include Wealth Management Technology, AI for Fraud Detection, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 29%, Dividend Yield is 3.8%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 25% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -340% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 35% |
| Low stock price volatilityVol 12M is 39% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments, and AI in Financial Services. Themes include Wealth Management Technology, AI for Fraud Detection, Show more. |
| Trading close to highsDist 52W High is -0.5%, Dist 3Y High is -0.5% |
| Key risksLNC key risks include [1] vulnerability to financial strength rating downgrades due to concerns over its capital and RBC ratio, Show more. |
Why The Stock Moved
Qualitative Assessment
AI Analysis | Feedback
Here are five key points explaining the movement of Lincoln National (LNC) stock from approximately August 31, 2025, to December 26, 2025: 1. Strong Q3 2025 Earnings Beat: Lincoln National reported its third-quarter 2025 financial results on October 30, 2025, where adjusted operating income available to common stockholders reached $2.04 per diluted share, significantly surpassing Zacks Consensus Estimates of $1.84 to $1.86 per share. This earnings beat, despite a slight revenue miss, led to a positive market reaction, with the stock rising 5.9% in pre-market trading.2. Robust Performance Across Key Business Segments: The company demonstrated broad-based momentum across all its core businesses during Q3 2025. Annuities delivered year-over-year earnings growth driven by higher account balances, reaching a record high of $174 billion, and a 32% increase in sales. Life Insurance posted improved earnings due to stable mortality and operational efficiencies, with sales more than doubling compared to the prior-year quarter. Group Protection and Retirement Plan Services also reported strong performance, with increased premiums and positive net flows, respectively.
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Stock Movement Drivers
Fundamental Drivers
The 15.8% change in LNC stock from 9/25/2025 to 12/25/2025 was primarily driven by a 81.7% change in the company's Net Income Margin (%).| 9252025 | 12252025 | Change | |
|---|---|---|---|
| Stock Price ($) | 39.74 | 46.01 | 15.79% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 18063.00 | 18456.00 | 2.18% |
| Net Income Margin (%) | 6.29% | 11.43% | 81.70% |
| P/E Multiple | 6.20 | 3.92 | -36.69% |
| Shares Outstanding (Mil) | 177.18 | 179.85 | -1.51% |
| Cumulative Contribution | 15.76% |
Market Drivers
9/25/2025 to 12/25/2025| Return | Correlation | |
|---|---|---|
| LNC | 15.8% | |
| Market (SPY) | 4.9% | 51.5% |
| Sector (XLF) | 4.2% | 73.6% |
Fundamental Drivers
The 36.6% change in LNC stock from 6/26/2025 to 12/25/2025 was primarily driven by a 59.5% change in the company's Net Income Margin (%).| 6262025 | 12252025 | Change | |
|---|---|---|---|
| Stock Price ($) | 33.68 | 46.01 | 36.59% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 18591.00 | 18456.00 | -0.73% |
| Net Income Margin (%) | 7.16% | 11.43% | 59.49% |
| P/E Multiple | 4.33 | 3.92 | -9.44% |
| Shares Outstanding (Mil) | 171.32 | 179.85 | -4.98% |
| Cumulative Contribution | 36.25% |
Market Drivers
6/26/2025 to 12/25/2025| Return | Correlation | |
|---|---|---|
| LNC | 36.6% | |
| Market (SPY) | 13.1% | 40.6% |
| Sector (XLF) | 8.0% | 54.5% |
Fundamental Drivers
The 52.8% change in LNC stock from 12/25/2024 to 12/25/2025 was primarily driven by a 339.8% change in the company's Net Income Margin (%).| 12252024 | 12252025 | Change | |
|---|---|---|---|
| Stock Price ($) | 30.11 | 46.01 | 52.80% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 13625.00 | 18456.00 | 35.46% |
| Net Income Margin (%) | 2.60% | 11.43% | 339.82% |
| P/E Multiple | 14.53 | 3.92 | -72.99% |
| Shares Outstanding (Mil) | 170.77 | 179.85 | -5.31% |
| Cumulative Contribution | 52.37% |
Market Drivers
12/25/2024 to 12/25/2025| Return | Correlation | |
|---|---|---|
| LNC | 52.8% | |
| Market (SPY) | 15.8% | 71.5% |
| Sector (XLF) | 14.9% | 76.3% |
Fundamental Drivers
The 83.8% change in LNC stock from 12/26/2022 to 12/25/2025 was primarily driven by a 189.9% change in the company's P/E Multiple.| 12262022 | 12252025 | Change | |
|---|---|---|---|
| Stock Price ($) | 25.04 | 46.01 | 83.78% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 18122.00 | 18456.00 | 1.84% |
| Net Income Margin (%) | 17.32% | 11.43% | -34.03% |
| P/E Multiple | 1.35 | 3.92 | 189.88% |
| Shares Outstanding (Mil) | 169.71 | 179.85 | -5.97% |
| Cumulative Contribution | 83.12% |
Market Drivers
12/26/2023 to 12/25/2025| Return | Correlation | |
|---|---|---|
| LNC | 88.5% | |
| Market (SPY) | 48.3% | 60.0% |
| Sector (XLF) | 52.6% | 72.2% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| LNC Return | -11% | 39% | -54% | -6% | 25% | 52% | 3% |
| Peers Return | -3% | 36% | 4% | 8% | 18% | 8% | 89% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 18% | 115% |
Monthly Win Rates [3] | |||||||
| LNC Win Rate | 50% | 67% | 25% | 42% | 58% | 67% | |
| Peers Win Rate | 60% | 63% | 53% | 58% | 57% | 58% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| LNC Max Drawdown | -71% | -9% | -56% | -36% | -3% | -7% | |
| Peers Max Drawdown | -55% | -3% | -15% | -19% | -4% | -14% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: PRU, MET, PFG, EQH, VOYA. See LNC Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/24/2025 (YTD)
How Low Can It Go
| Event | LNC | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -74.9% | -25.4% |
| % Gain to Breakeven | 298.4% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -72.1% | -33.9% |
| % Gain to Breakeven | 258.6% | 51.3% |
| Time to Breakeven | 355 days | 148 days |
| 2018 Correction | ||
| % Loss | -43.2% | -19.8% |
| % Gain to Breakeven | 76.1% | 24.7% |
| Time to Breakeven | Not Fully Recovered days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -93.3% | -56.8% |
| % Gain to Breakeven | 1386.2% | 131.3% |
| Time to Breakeven | 3,132 days | 1,480 days |
Compare to TRV, MET, AIG, PRU, HIG
In The Past
Lincoln National's stock fell -74.9% during the 2022 Inflation Shock from a high on 11/3/2021. A -74.9% loss requires a 298.4% gain to breakeven.
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AI Analysis | Feedback
- A **Prudential Financial** focused on life insurance, annuities, and retirement solutions.
- Similar to **MetLife**, providing life insurance, annuities, and group benefits.
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- Life Insurance: Provides various individual life insurance policies (e.g., term, universal, variable universal) to protect beneficiaries financially upon the policyholder's death.
- Annuities: Offers individual deferred and immediate annuity products designed to provide a steady income stream, often for retirement.
- Group Protection: Provides employers with group insurance products including disability, life, dental, vision, and critical illness coverage for their employees.
AI Analysis | Feedback
Lincoln National Corporation (LNC) is a financial services company that provides a diverse range of insurance and investment products. While it serves both individuals and businesses, its business model is largely centered on meeting the financial needs of individuals, either directly or through employer-sponsored plans.
Given the structure of its product offerings and the highly diversified nature of its business-to-business clients (employers for group benefits and retirement plans), Lincoln National primarily sells to individuals. Therefore, the major customers can be categorized as follows:
- Individuals Seeking Long-Term Financial Security and Retirement Income: This category includes individuals who are accumulating wealth for retirement, seeking stable income streams in their later years, or protecting their retirement savings. This covers customers purchasing individual annuities and participants in employer-sponsored defined contribution plans (e.g., 401(k)s, 403(b)s).
- Individuals and Families Seeking Financial Protection: This category encompasses customers looking to protect their loved ones and their financial well-being against life's uncertainties. This includes individuals purchasing life insurance to provide for dependents, as well as individuals covered by employer-sponsored group benefits such as life, disability, dental, and vision insurance.
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- Reinsurance Group of America (RGA)
- PricewaterhouseCoopers LLP (No symbol)
- Microsoft (MSFT)
- Amazon (AMZN)
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Ellen Cooper, Chairman, President and Chief Executive Officer
Ellen Cooper joined Lincoln National in 2012 as Executive Vice President and Chief Investment Officer. She became President, CEO, and Director in May 2022, and Chairman in May 2023. Prior to Lincoln, Cooper served as Managing Director and Global Head of Insurance Strategy for Goldman Sachs Asset Management from 2008 to 2012. Her earlier career also includes roles as Chief Risk Officer for Aegon USA (2006-2008), Principal at Ernst & Young LLP (2005-2006), and Senior Manager at Ernst & Young LLP (2000-2005).
Christopher Neczypor, Executive Vice President, Chief Financial Officer
Christopher Neczypor was appointed Executive Vice President and Chief Financial Officer of Lincoln National in February 2023. Before this, he served as Executive Vice President and Chief Strategy Officer from November 2021 to February 2023. He joined Lincoln Financial in 2018 as Head of Investment Risk and Strategy. Prior to Lincoln, Neczypor held portfolio management and investment roles at Kingdon Capital Management and Emrys Partners, a hedge fund manager. He was also the senior sell-side analyst for insurance at Goldman Sachs from 2006 to 2012 and began his career as a Certified Public Accountant at PricewaterhouseCoopers (PwC), auditing global insurance clients.
Jennifer Charters, Executive Vice President, Chief Information Officer
Jennifer Charters joined Lincoln Financial as Executive Vice President and Chief Information Officer in November 2024. Before her role at Lincoln, she served as Executive Vice President and Chief Information Officer at Flagstar Bank since 2018. She was also Chief Information Officer of Corporate Technology at Ally Financial. Charters started her career at Accenture, where she focused on large-scale systems development, process improvement, and change-enablement solutions for various organizations, including those in financial services, insurance, and telecommunications.
Andrew D. Rallis, Executive Vice President, Chief Risk Officer
Andrew D. Rallis was appointed Executive Vice President and Chief Risk Officer at Lincoln Financial in May 2023. He possesses over 40 years of experience in risk management within the insurance industry. Prior to joining Lincoln, Rallis served as Executive Vice President, Global Chief Actuary at MetLife. He has also been a longstanding volunteer with the Society of Actuaries (SOA), including serving as its President from 2019-2020, and was a founder and the inaugural President of the Chief Actuaries Forum.
John G. Morriss, Executive Vice President, Chief Investment Officer
John G. Morriss was appointed Executive Vice President and Chief Investment Officer for Lincoln Financial, effective October 2025. With over 30 years of investment experience, Morriss previously served as Senior Vice President, Head of Public and Private Fixed Income at Fortitude Re for four years. He also held a senior investment leadership role at Lincoln prior to his time at Fortitude Re. His career includes 18 years at TIAA, where he held leadership positions in structured finance research, international and high-yield credit, portfolio management, and fixed income research. Morriss began his career as a currency trader at Chase Manhattan Bank.
AI Analysis | Feedback
Key Risks to Lincoln National (LNC)- Market Volatility and Interest Rate Sensitivity: Lincoln National's financial performance is highly susceptible to fluctuations in market interest rates and overall market volatility. The company holds a substantial portfolio of fixed-income securities, and increases in market interest rates can materially decrease the value of this investment portfolio and adversely affect its capital position. For instance, a 40-50 basis point increase in the 10-year Treasury rate could significantly impact Lincoln National's tangible book value. This market sensitivity also impacts the profitability of products with guaranteed benefits.
- Financial Strength Ratings and Regulatory Capital (RBC Ratio): A downgrade in Lincoln National's financial strength ratings can severely impede its ability to market products, increase policy surrenders, and damage relationships with creditors. The company's Risk-Based Capital (RBC) ratio is a crucial factor in determining these ratings. Concerns over decreases in statutory capital and RBC ratio have led to downgrades in financial strength ratings by agencies like AM Best.
- Rising Expenses and Significant Debt: Lincoln National has experienced escalating total expenses over recent years, primarily due to increasing benefits expenses. These costs have shown significant year-over-year increases, impacting future margins. Additionally, the company carries a substantial total debt, which stood at $5.9 billion at the end of the first quarter of 2025, resulting in a debt-to-capitalization ratio significantly higher than the industry average.
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The emergence and growth of digital-first competitors and business models, particularly in the insurtech and wealth management sectors, are clear emerging threats. These companies leverage advanced analytics, artificial intelligence, and streamlined digital platforms to offer simplified, faster, and often more cost-effective insurance products (e.g., life insurance, annuities) and wealth management services (e.g., automated investment advice, low-cost digital retirement planning). This trend directly challenges Lincoln National's traditional distribution models, underwriting processes, and advisory services by capturing market share, influencing customer expectations towards digital-first experiences, and pressuring pricing and operational efficiency.
AI Analysis | Feedback
Lincoln National Corporation (LNC) operates in several key markets within the United States, offering annuities, life insurance, group protection, and retirement plan services.
- Annuities: The U.S. annuity market's value is projected to reach approximately $388.42 billion by 2029, with a compound annual growth rate (CAGR) of 5.98%. Total U.S. annuity sales reached $432.6 billion in 2024, and are expected to exceed $400 billion in 2025.
- Life Insurance: The U.S. life insurance market was valued at an estimated $1.93 trillion in 2024 and is forecast to grow to about $4.74 trillion by 2034, demonstrating a CAGR of 9.40% from 2025 to 2034. The broader U.S. market size for life insurance and annuities combined is $1.0 trillion in 2025.
- Group Protection: Specifically focusing on group level term insurance, the U.S. market size was an estimated $7.32 billion in 2024, with projections to reach $7.73 billion in 2025. This market is expected to grow at a CAGR of 6.5% from 2025 to 2030. In 2022, the market value was $6.63 billion.
- Retirement Plan Services: The U.S. retirement market holds substantial assets, with approximately $30 trillion in retirement-related accounts. As of the first quarter of 2024, total retirement market assets in the U.S. were just under $40 trillion. The U.S. Pension Fund Market, a significant component of retirement services, was valued at $6.12 trillion in 2024 and is anticipated to grow to $10.24 trillion by 2030, at a CAGR of 9.02%. The Retirement & Pension Plans industry in the U.S. is estimated to be $449.5 billion in 2025.
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Here are the expected drivers of future revenue growth for Lincoln National (LNC) over the next 2-3 years:
- Growth in Annuities Business: Lincoln National anticipates continued momentum and success in its Annuities business, particularly through increased sales of fixed annuities and RILA (Registered Index-Linked Annuities) products. This growth is supported by higher account balances and increased spread income. The company is focused on diversifying its new business mix, leveraging foundational capabilities, enhancing investment strategies, expanding distribution, and optimizing its mix of internal and external reinsurance to accelerate profitability.
- Strategic Realignment and Improvement in Life Insurance: The company is strategically shifting its Life Insurance business towards products that are expected to deliver more stable cash flows and higher risk-adjusted returns, such as accumulation products and life insurance risk-sharing products. This strategic realignment, coupled with disciplined pricing and product diversification, is aimed at attracting more volume and ensuring high policyholder retention, contributing to improved earnings and sales growth over time.
- Expansion in Group Protection: Lincoln National expects revenue growth from its Group Protection business, driven by consistent premium growth and strong sales, particularly in supplemental health products. The strategy in Group Protection includes diversifying the business across products and market segments, with an emphasis on expanding its presence in the small market, and achieving sustainable target margins through disciplined pricing and operational performance.
- Increased Deposits and Positive Flows in Retirement Plan Services: The Retirement Plan Services segment is positioned for continued earnings growth due to higher ending account balances, increased deposits, and positive net flows. The company is focused on strengthening its operational and service capabilities to build sustainable and profitable growth in this business, leveraging a robust new business pipeline.
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Share Repurchases
- Lincoln National executed over $1.1 billion in share repurchases in 2021.
- In November 2021, the company's board of directors authorized an increase to its securities repurchase program, bringing the total aggregate authorization to $1.5 billion.
- Share repurchases declined and were halted entirely in 2023.
Share Issuance
- In April 2025, Lincoln National sold approximately 18.8 million shares of its common stock to Bain Capital for $44.00 per share, totaling $825 million.
Inbound Investments
- In April 2025, Lincoln Financial announced an $825 million strategic growth investment from Bain Capital, which acquired a 9.9% ownership stake in Lincoln.
- As part of this partnership, Bain Capital became a strategic asset management partner across various asset classes, including private credit, structured assets, mortgage loans, and private equity.
Latest Trefis Analyses
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| ARTICLES |
Trade Ideas
Select ideas related to LNC. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | WU | Western Union | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 13.8% | 13.8% | -0.4% |
| 11212025 | COIN | Coinbase Global | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -0.3% | -0.3% | -0.5% |
| 11142025 | PYPL | PayPal | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -4.4% | -4.4% | -7.5% |
| 11142025 | V | Visa | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 7.6% | 7.6% | -2.7% |
| 11072025 | WD | Walker & Dunlop | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -11.2% | -11.2% | -12.1% |
Research & Analysis
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Peer Comparisons for Lincoln National
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 78.30 |
| Mkt Cap | 17.2 |
| Rev LTM | 17,128 |
| Op Inc LTM | - |
| FCF LTM | 2,682 |
| FCF 3Y Avg | 2,405 |
| CFO LTM | 2,760 |
| CFO 3Y Avg | 2,513 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 5.9% |
| Rev Chg 3Y Avg | 2.5% |
| Rev Chg Q | -0.1% |
| QoQ Delta Rev Chg LTM | -0.1% |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 9.8% |
| CFO/Rev 3Y Avg | 9.4% |
| FCF/Rev LTM | 9.5% |
| FCF/Rev 3Y Avg | 9.4% |
Segment Financials
Assets by Segment| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Annuities | 185,599 | 167,210 | 201,732 | 184,678 | 167,443 |
| Life Insurance | 108,932 | 95,413 | 105,208 | 101,941 | 92,561 |
| Retirement Plan Services | 46,793 | 41,887 | 47,625 | 45,372 | 40,184 |
| Other Operations | 21,375 | 20,796 | 22,214 | 23,756 | 25,106 |
| Group Protection | 9,714 | 9,802 | 10,522 | 10,201 | 9,467 |
| Total | 372,413 | 335,108 | 387,301 | 365,948 | 334,761 |
Price Behavior
| Market Price | $46.01 | |
| Market Cap ($ Bil) | 8.3 | |
| First Trading Date | 10/05/1984 | |
| Distance from 52W High | -0.5% | |
| 50 Days | 200 Days | |
| DMA Price | $41.72 | $36.98 |
| DMA Trend | up | up |
| Distance from DMA | 10.3% | 24.4% |
| 3M | 1YR | |
| Volatility | 27.2% | 38.7% |
| Downside Capture | 61.88 | 107.71 |
| Upside Capture | 116.58 | 134.18 |
| Correlation (SPY) | 52.1% | 71.6% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.87 | 1.06 | 1.08 | 1.16 | 1.42 | 1.53 |
| Up Beta | 0.21 | 1.11 | 1.03 | 1.43 | 1.41 | 1.56 |
| Down Beta | 0.82 | 2.00 | 1.44 | 1.49 | 1.78 | 1.72 |
| Up Capture | 110% | 71% | 68% | 111% | 137% | 244% |
| Bmk +ve Days | 13 | 26 | 39 | 74 | 142 | 427 |
| Stock +ve Days | 12 | 23 | 29 | 66 | 130 | 393 |
| Down Capture | 102% | 64% | 114% | 82% | 110% | 108% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 8 | 19 | 33 | 59 | 118 | 351 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of LNC With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| LNC | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 58.0% | 18.3% | 19.2% | 71.9% | 8.9% | 6.0% | -10.1% |
| Annualized Volatility | 38.5% | 19.0% | 19.5% | 19.3% | 15.3% | 17.1% | 35.0% |
| Sharpe Ratio | 1.27 | 0.75 | 0.78 | 2.69 | 0.36 | 0.18 | -0.12 |
| Correlation With Other Assets | 76.2% | 71.5% | -4.2% | 25.6% | 54.3% | 26.0% | |
ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Comparison of LNC With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| LNC | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 3.2% | 16.3% | 14.9% | 18.7% | 11.7% | 4.8% | 32.7% |
| Annualized Volatility | 43.0% | 18.9% | 17.1% | 15.5% | 18.7% | 18.9% | 48.7% |
| Sharpe Ratio | 0.22 | 0.72 | 0.70 | 0.97 | 0.51 | 0.17 | 0.60 |
| Correlation With Other Assets | 73.7% | 59.1% | -2.0% | 18.8% | 47.1% | 21.7% | |
ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Comparison of LNC With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| LNC | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 2.5% | 13.0% | 14.7% | 14.9% | 6.9% | 5.2% | 69.3% |
| Annualized Volatility | 46.9% | 22.3% | 18.0% | 14.8% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | 0.23 | 0.54 | 0.70 | 0.83 | 0.31 | 0.22 | 0.90 |
| Correlation With Other Assets | 82.9% | 68.5% | -7.3% | 29.3% | 55.7% | 16.5% | |
ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/30/2025 | 1.6% | 1.9% | 2.0% |
| 7/31/2025 | 11.4% | 15.3% | 25.1% |
| 5/8/2025 | -1.8% | 1.5% | -1.7% |
| 2/6/2025 | 5.9% | 15.3% | 5.4% |
| 10/31/2024 | 3.5% | 9.7% | 5.8% |
| 8/1/2024 | 2.3% | -13.2% | -3.5% |
| 5/2/2024 | -2.7% | 5.8% | 19.1% |
| 2/8/2024 | -2.5% | 0.6% | -0.0% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 16 | 12 |
| # Negative | 11 | 8 | 12 |
| Median Positive | 3.4% | 5.2% | 11.9% |
| Median Negative | -5.7% | -6.0% | -12.5% |
| Max Positive | 16.2% | 17.9% | 58.0% |
| Max Negative | -33.1% | -37.0% | -34.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 10302025 | 10-Q 9/30/2025 |
| 6302025 | 7312025 | 10-Q 6/30/2025 |
| 3312025 | 5082025 | 10-Q 3/31/2025 |
| 12312024 | 2212025 | 10-K 12/31/2024 |
| 9302024 | 10312024 | 10-Q 9/30/2024 |
| 6302024 | 8012024 | 10-Q 6/30/2024 |
| 3312024 | 5022024 | 10-Q 3/31/2024 |
| 12312023 | 2222024 | 10-K 12/31/2023 |
| 9302023 | 11022023 | 10-Q 9/30/2023 |
| 6302023 | 8032023 | 10-Q 6/30/2023 |
| 3312023 | 5102023 | 10-Q 3/31/2023 |
| 12312022 | 2162023 | 10-K 12/31/2022 |
| 9302022 | 11032022 | 10-Q 9/30/2022 |
| 6302022 | 8042022 | 10-Q 6/30/2022 |
| 3312022 | 5052022 | 10-Q 3/31/2022 |
| 12312021 | 2172022 | 10-K 12/31/2021 |
Industry Resources
| Financials Resources |
| Federal Reserve Economic Data |
| Federal Reserve |
| FDIC Data |
| American Banker |
| The Banker |
| Banking Technology |
| Multi-line Insurance Resources |
| Insurance Business America |
| A.M. Best |
| National Underwriter |
| Insurance News |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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