---
schema_version: "secwatch.filing_event.v1"
accession: "0000059558-22-000036"
form_type: "8-K"
ticker: "LNC"
cik: "0000059558"
company_name: "LINCOLN NATIONAL CORP"
filed_at: "2022-08-03T23:59:59+00:00"
generated_at: "2026-06-24T05:30:25.496446+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# LNC Q2 net income drops 63% to $238M; adjusted op EPS $2.23, down 30% YoY

## Summary
- Net income $238M ($1.34 diluted EPS) vs $642M ($3.34 EPS) in Q2 2021.
- Adjusted operating income $391M ($2.23 per share) vs $608M ($3.17) YoY.
- BVPS ex-AOCI $79.49, up 5% YoY; BVPS incl. AOCI $53.97, down 53% on higher rates.
- Capital returned $177M including $100M buybacks; share count down 10% YoY.
- Segment: Retirement Plan Services net flows +$913M; Life sales +53%; Group Protection income +28%.

## SEC filing metadata
- accession: 0000059558-22-000036
- form_type: 8-K
- ticker: LNC
- cik: 0000059558
- company_name: LINCOLN NATIONAL CORP
- filed_at: 2022-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/59558/000005955822000036/0000059558-22-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/59558/000005955822000036/lnc-20220803x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000059558-22-000036
- JSON: https://secwatch.observer/filing/0000059558-22-000036.json
- Plain text: https://secwatch.observer/filing/0000059558-22-000036.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.