---
schema_version: "secwatch.filing_event.v1"
accession: "0000059558-25-000080"
form_type: "8-K"
ticker: "LNC"
cik: "0000059558"
company_name: "LINCOLN NATIONAL CORP"
filed_at: "2025-07-31T23:59:59+00:00"
generated_at: "2026-05-17T22:33:40.380514+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Lincoln Financial Q2 adjusted op income $427M ($2.36/share); Group Protection record margin 12.5%

## Summary
- Net income $688M ($3.80 diluted) vs $884M ($5.11) a year ago; adjusted operating income $427M ($2.36) up from $324M ($1.87).
- Group Protection operating income $173M (+33% YoY), margin 12.5% (record); premiums up 7%, sales up 16%.
- Annuities sales $4.0B (+5%), operating income $287M (-3%); Life Insurance returned to profit $32M vs loss $35M.
- Total liquidity $314.4M, net debt leverage 3.5x, RBC >420%.
- Closed Bain Capital partnership to accelerate strategic priorities.

## SEC filing metadata
- accession: 0000059558-25-000080
- form_type: 8-K
- ticker: LNC
- cik: 0000059558
- company_name: LINCOLN NATIONAL CORP
- filed_at: 2025-07-31T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/59558/000005955825000080/0000059558-25-000080-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/59558/000005955825000080/lnc-20250731.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000059558-25-000080
- JSON: https://secwatch.observer/filing/0000059558-25-000080.json
- Plain text: https://secwatch.observer/filing/0000059558-25-000080.txt

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