F&G Annuities & Life (FG) vs Lincoln National (LNC)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Lincoln National (LNC) has outperformed F&G Annuities & Life (FG) over the past year, gaining 2.3% versus a loss of 34.6%. Lincoln National is the larger company by market cap ($7.87 billion vs $2.56 billion), about 3.1 times the size, while F&G Annuities & Life is growing revenue faster (-0.2% vs -1.2%). On valuation, F&G Annuities & Life trades at a lower forward P/E (4.2x vs 4.7x for Lincoln National).
F&G Annuities & Life offers the higher dividend yield (5.12% vs 4.38%). Lincoln National converts more of its revenue into profit, with a net margin of 6.5% versus 4.6%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | FG | LNC |
|---|---|---|
| Share price | $19.54 | $41.11 |
| Market cap | $2.56B | $7.87B |
| 1-day change | -1.79% | +0.27% |
| YTD return | -35.53% | -7.93% |
| 1-year return | -34.59% | +2.35% |
| 5-year return | — | -43.29% |
| P/E ratio (TTM) | 6.45 | 3.50 |
| Forward P/E | 4.22 | 4.69 |
| EPS (TTM) | $3.03 | $11.73 |
| Dividend yield | 5.12% | 4.38% |
| Annual dividend | $1.00 | $1.80 |
| Revenue (latest FY) | $5.73B | $18.21B |
| Revenue growth (YoY) | -0.23% | -1.25% |
| Net income (latest FY) | $265.00M | $1.18B |
| Net margin | 4.62% | 6.46% |
| 52-week high | $35.33 | $47.67 |
| 52-week low | $19.26 | $32.18 |
| Distance from 52-week high | -44.71% | -13.76% |
| Analyst consensus | hold | hold |
| Avg. price target upside | +22.86% | +16.95% |
| Average volume | 668.83K | 2.04M |
| Shares outstanding | 130.94M | 191.45M |
| Employees | 1,173 | 9,423 |
| Sector | Finance | Finance |
| Industry | Life Insurance | Life Insurance |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Lincoln National is about 3.1 times larger than F&G Annuities & Life by market value ($7.87B vs $2.56B).
- LNC has outperformed FG by 36.9 percentage points over the past year.
- F&G Annuities & Life trades at a higher earnings multiple (6.4x vs 3.5x trailing P/E).
About F&G Annuities & Life
FG stock →F&G Annuities & Life, Inc., together with its subsidiaries, provides annuity and life insurance products in the United States. It offers fixed indexed annuities registered index-linked annuities, pension risk transfer and indexed universal life, and multi-year guarantee annuities; immediate annuities; indexed universal life insurance; pension risk transfer solutions; and institutional funding agreements.
Finance · Life Insurance · 1,173 employees
About Lincoln National
LNC stock →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.
Finance · Life Insurance · 9,423 employees
FG vs LNC FAQ
Which is bigger, F&G Annuities & Life or Lincoln National?
Lincoln National (LNC) is larger, with a market capitalization of $7.87B compared with $2.56B for F&G Annuities & Life (FG).
Which stock has performed better over the past year, FG or LNC?
LNC returned +2.35% over the past 12 months, compared with -34.59% for FG (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, FG or LNC?
LNC has the lower trailing P/E at 3.5, versus 6.4 for FG. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, F&G Annuities & Life or Lincoln National?
F&G Annuities & Life has the higher yield at 5.12%, compared with 4.38% for Lincoln National.
Are F&G Annuities & Life and Lincoln National in the same industry?
Yes. Both are classified in the Life Insurance industry within the Finance sector.