Lincoln National Balance Sheet
NYSE: LNCFinanceLife InsuranceUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Lincoln National financial position
At the end of fiscal 2025, Lincoln National reported total assets of $417.20 billion, up 6.7% from a year earlier against total liabilities of $406.30 billion. Shareholders' equity stood at $10.91 billion, or 2.6% of assets. The company held $9.50 billion in cash and equivalents against $6.27 billion of debt, a net cash position of $3.24 billion.
Debt-to-equity was 0.57.
Summary generated from market data by MetaCap's automated system. Methodology
Lincoln National balance sheet (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 9.50B | 5.80B | 3.37B | 3.34B | 2.61B | 1.71B | 2.56B | 2.35B | 1.63B | 2.72B |
| Goodwill | 1.14B | 1.14B | 1.14B | 1.14B | 1.78B | 1.78B | 1.78B | 1.78B | 1.37B | 2.27B |
| Total Assets | 417.20B | 390.83B | 372.41B | 334.33B | 386.94B | 365.95B | 334.76B | 298.15B | 281.76B | 261.63B |
| Short-Term Debt | 400.00M | 300.00M | 250.00M | 500.00M | 300.00M | — | 300.00M | — | 450.00M | — |
| Long-Term Debt | 5.87B | 5.86B | 5.70B | 6.33B | 6.63B | 6.68B | 6.13B | 5.69B | 5.12B | 5.12B |
| Total Liabilities | 406.30B | 382.56B | 365.52B | 329.23B | 366.19B | 343.25B | 315.07B | 283.80B | 264.44B | 247.15B |
| Shareholders' Equity | 10.91B | 8.27B | 6.89B | 5.10B | 19.91B | 22.70B | 19.69B | 14.35B | 17.32B | 14.48B |
| Retained Earnings | 8.39B | 7.64B | 4.78B | 5.92B | 9.58B | 8.69B | 8.85B | 8.55B | 8.40B | 7.04B |
| Total Debt | 6.27B | 6.16B | 5.95B | 6.83B | 6.92B | 6.68B | 6.43B | 5.69B | 5.57B | 5.12B |
| Net Cash (Debt) | 3.24B | -355.00M | -2.58B | -3.49B | -4.31B | -4.97B | -3.86B | -3.34B | -3.94B | -2.40B |
| Shares Outstanding | 190.05M | 170.38M | 169.67M | 169.22M | 177.19M | 192.33M | 196.67M | 205.86M | 218.09M | 226.34M |
This table shows 10 annual periods of Lincoln National's balance sheet, from FY 2025 back to FY 2016, across 11 line items including cash & equivalents, goodwill, total assets. Values in USD; B = billions, M = millions. Fiscal periods follow LNC's reporting calendar. What is a balance sheet?