Lincoln National (0JV3) AI Stock Analysis

Lincoln National

(LSE:0JV3)

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Positive Factors

Sustained earnings growthEight consecutive quarters of year-over-year adjusted operating earnings growth indicate improving execution across Lincoln’s businesses. Sustained profitability can support capital flexibility, reinforce distribution investment, and provide a stronger foundation for more predictable earnings over the next several quarters.

Negative Factors

Weak cash conversionNegative operating and free cash flow despite reported profitability raises a fundamental concern about earnings conversion. If this pattern persists, Lincoln may have less internally generated capacity for capital actions, investment, and liability management, increasing reliance on balance-sheet resources.

Lincoln National (0JV3) vs. iShares MSCI United Kingdom ETF (EWC)

Market Cap: $7.85B
Dividend Yield: 4.44%
Average Volume (3M): 373
Price to Earnings (P/E): 3.4
Beta (1Y): 0.96
Revenue Growth: 12.32%
EPS Growth: 97.86%
Country: UK
Employees: 9,423
Sector: Financial
Sector Strength: 68
Industry: Insurance - Life

Lincoln National Business Overview & Revenue Model

Company Description

Lincoln National Corporation (LNC) is a U.S.-based financial services company primarily involved in the insurance and retirement sectors. Operating through various subsidiaries, its operations are structured across four key divisions: Annuities, Reti...

Lincoln National Earnings Call Summary

Earnings Call Date:Jul 29, 2026(Q2-2026)|% Change Since:-2.57%|Next Earnings Date:Nov 04, 2026

Earnings Call SentimentPositive

The call was strongly positive overall. Lincoln reported its eighth consecutive quarter of year-over-year adjusted operating earnings growth, improving results across all four businesses, a major legacy-life reinsurance agreement, stronger capital flexibility, and continued progress toward higher-quality earnings and free cash flow. The main challenges were below-target alternative investment returns, lower Group Protection earnings and margin, continued annuity and Retirement Plan Services outflows, higher expenses, and the absence of announced share-repurchase timing. Highlights significantly outweighed the lowlights.

Positive Updates

Eighth Consecutive Quarter of Operating Earnings Growth

Second-quarter adjusted operating income available to common stockholders was $439 million, up 3% year-over-year, marking Lincoln's eighth consecutive quarter of year-over-year growth.

Negative Updates

Diluted EPS Declined Year-over-Year

Diluted EPS was $2.24, slightly lower than the second quarter of 2025 because of the incremental share count from last year's Bain transaction.

Company Guidance

Management expects Group Protection to deliver a full-year margin within its targeted range of 8%-9%; fixed annuity account values to rise this year and fixed annuity sales to meaningfully increase over the remainder of the year, with FIA sales expected to meaningfully increase in the back half of the year; third-quarter annuity earnings to receive support from higher starting account balances, an additional fee day, and continued spread income growth; third-quarter alternative investment returns to improve meaningfully and run at or above the 10% annualized target; third-quarter life earnings to be in line sequentially; the Talcott transaction to close in the fourth quarter, subject to regulatory approval, and increase ongoing annual free cash flow by approximately $30 million-$40 million a year; subsidiary remittances to be approximately $1.2 billion-$1.3 billion a year; and Lincoln to remain meaningfully above its 420% RBC ratio buffer, with an estimated RBC ratio well above its 400% target and the 20-point buffer it holds on top of it.

Lincoln National Risk Analysis

Lincoln National disclosed 1 risk factors in its most recent earnings report. Lincoln National reported the most risks in the "Legal & Regulatory" category.

Legal & Regulatory - Litigation, compliance, new legislation, and taxation risks

Latest Risks Added

0 New Risks

Lincoln National Peers Comparison

Overall Rating

UnderperformOutperform

Sector (68)

Financial Indicators

GB:0JV3 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CNO	73Outperform	$5.34B	12.87	16.62%	1.21%	1.83%	53.14%
GL	69Neutral	$12.23B	10.45	19.46%	0.79%	5.62%	8.87%
Sector *	68Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
JXN	67Neutral	$9.14B	168.66	1.04%	2.59%	15.09%	―
FG	58Neutral	$2.77B	7.04	8.86%	4.73%	13.68%	16.86%
BHF	56Neutral	$2.53B	3.45	13.17%	―	2.62%	33.55%

* Financial Sector Average

Performance Comparison

GB:0JV3 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
GB:0JV3	Lincoln National	40.58	1.57	4.02%
CNO	CNO Financial Group	57.67	18.69	47.93%
GL	Globe Life Inc.	159.08	29.50	22.76%
BHF	Brighthouse Financial	43.92	-9.66	-18.02%
JXN	Jackson Financial Incorporation Class A	134.93	38.40	39.79%
FG	F&G Annuities & Life Inc	21.13	-6.85	-24.49%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Lincoln National AI Stock Analysis