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NYSE · Finance

LINCOLN NATL CORP IND LNC

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The Life Insurance segment provides life insurance products, including term insurance, universal life insurance (UL), indexed universal life insurance, variable universal life insurance (VUL), linked-benefit UL and VUL products, and critical illness and long-term care riders.

Sources StockAnalysis company profile stockanalysis.com
Life Insurance

Company profile

Business mix

  • It operates through four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services.
  • The Life Insurance segment provides life insurance products, including term insurance, universal life insurance (UL), indexed universal life insurance, variable universal life insurance (VUL), linked-benefit UL and VUL products.
  • Its Annuities segment offers variable, fixed, and registered index-linked annuities.
  • Its Retirement Plan Services segment provides employers with retirement plan products and services primarily in the defined contribution retirement plan marketplace.

Current key questions

  • Can asset growth, client flows, fee rates, credit quality, or spread income support durable earnings in insurance - life?
  • How sensitive are margins and returns to interest rates, market levels, funding costs, and regulation?
  • Do capital allocation, risk controls, and balance-sheet quality improve long-term per-share value?
Holders 1 Current sample portfolio
Public mentions 0 Videos / interviews / letters
Valuation snapshot
PE 4.06 FCF N/A Buyback -10.55%
2026-06-07

Current firm holders

Firm Weight Value Filing period
Miller Value Partners Bill Miller 5.3% $20.3M 2026-03-31

Recent trading changes over the last 2 quarters

Last 1 quarters Last 2 quarters Last 3 quarters Last 4 quarters
Net buyers 1 Last 2 13F filing periods
Net reducers 0 Last 2 13F filing periods
Unchanged holders 0 Share count unchanged
Increase amount $1.8M Estimated from net added shares
Reduction amount $0 Estimated from net reduced shares
Net share change / base shares +9.6% +50,014 / 520,676
Miller Value Partners Bill Miller 2 filing periods
13F 2025-12-31 Filed 2026-02-17
Minor reduction Shares -3.1% 13F value change +$1.5M
13F 2026-03-31 Filed 2026-05-15
Minor increase Shares 13.1% 13F value change -$2.2M
Settlement As of 13F 2026-03-31 · Filed 2026-05-15
Base shares 520,676 Last 2 periods +50,014 (+9.6%) Total shares 570,690 Value $20.3M

Recent mentions

No public mentions.