---
schema_version: "secwatch.filing_event.v1"
accession: "0000059558-25-000007"
form_type: "8-K"
ticker: "LNC"
cik: "0000059558"
company_name: "LINCOLN NATIONAL CORP"
filed_at: "2025-02-06T23:59:59+00:00"
generated_at: "2026-05-27T02:01:18.055889+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Lincoln Financial Q4 net income $1.7B, adjusted EPS $1.91; RBC ratio >430%

## Summary
- Q4 net income $1.7B ($9.63/diluted share) vs net loss $1.2B in Q4 2023.
- Adjusted operating income $332M ($1.91/diluted share), up from $252M a year ago.
- Annuities operating income $303M (+14% YoY); full-year sales highest since 2019 at $13.7B.
- Group Protection operating income $107M (more than doubled); margin 8.4% (+430 bps).
- Estimated RBC ratio >430% at year-end; holding company liquidity $463M.

## SEC filing metadata
- accession: 0000059558-25-000007
- form_type: 8-K
- ticker: LNC
- cik: 0000059558
- company_name: LINCOLN NATIONAL CORP
- filed_at: 2025-02-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/59558/000005955825000007/0000059558-25-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/59558/000005955825000007/lnc-20250206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000059558-25-000007
- JSON: https://secwatch.observer/filing/0000059558-25-000007.json
- Plain text: https://secwatch.observer/filing/0000059558-25-000007.txt

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