Jackson Financial (JXN) vs Lincoln National (LNC)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Jackson Financial (JXN) has outperformed Lincoln National (LNC) over the past year, gaining 31.9% versus a gain of 2.8%. Over five years, JXN leads with a +373.4% price change compared with -43.3% for LNC. Jackson Financial is the larger company by market cap ($8.79 billion vs $7.70 billion), about 1.1 times the size.
On valuation, Jackson Financial trades at a lower forward P/E (4.0x vs 4.6x for Lincoln National). Lincoln National offers the higher dividend yield (4.47% vs 2.62%). Lincoln National converts more of its revenue into profit, with a net margin of 6.5% versus 0.4%.
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 | JXN | LNC |
|---|---|---|
| Share price | $129.71 | $40.23 |
| Market cap | $8.79B | $7.70B |
| 1-day change | -2.52% | -0.76% |
| YTD return | +24.76% | -7.95% |
| 1-year return | +31.89% | +2.78% |
| 5-year return | +373.35% | -43.31% |
| P/E ratio (TTM) | 142.54 | 3.43 |
| Forward P/E | 4.04 | 4.60 |
| EPS (TTM) | $0.91 | $11.73 |
| Dividend yield | 2.62% | 4.47% |
| Annual dividend | $3.40 | $1.80 |
| Revenue (latest FY) | $6.68B | $18.21B |
| Revenue growth (YoY) | +104.31% | -1.25% |
| Net income (latest FY) | $27.00M | $1.18B |
| Net margin | 0.40% | 6.46% |
| 52-week high | $140.90 | $47.67 |
| 52-week low | $89.67 | $32.18 |
| Distance from 52-week high | -7.94% | -15.61% |
| Analyst consensus | buy | hold |
| Avg. price target upside | +14.68% | +19.51% |
| Average volume | 704.18K | 2.06M |
| Shares outstanding | 67.73M | 191.45M |
| Employees | 3,090 | 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
- JXN has outperformed LNC by 29.1 percentage points over the past year.
- Jackson Financial trades at a higher earnings multiple (142.5x vs 3.4x trailing P/E).
- Lincoln National offers a meaningfully higher dividend yield (4.47% vs 2.62%).
- Lincoln National is more profitable, keeping 6.5 cents of every revenue dollar as net income versus 0.4 cents for Jackson Financial.
- Jackson Financial grew revenue faster in its latest fiscal year (+104.31% vs -1.25%).
About Jackson Financial
JXN stock →Jackson Financial Inc., through its subsidiaries, provides suite of annuities to retail investors in the United States. It operates through three segments: Retail Annuities, Institutional Products, and Closed Life and Annuity Blocks.
Finance · Life Insurance · 3,090 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
JXN vs LNC FAQ
Which is bigger, Jackson Financial or Lincoln National?
Jackson Financial (JXN) is larger, with a market capitalization of $8.79B compared with $7.70B for Lincoln National (LNC).
Which stock has performed better over the past year, JXN or LNC?
JXN returned +31.89% over the past 12 months, compared with +2.78% for LNC (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, JXN or LNC?
LNC has the lower trailing P/E at 3.4, versus 142.5 for JXN. 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, Jackson Financial or Lincoln National?
Lincoln National has the higher yield at 4.47%, compared with 2.62% for Jackson Financial.
Are Jackson Financial and Lincoln National in the same industry?
Yes. Both are classified in the Life Insurance industry within the Finance sector.