---
schema_version: "secwatch.filing_event.v1"
accession: "0000059558-26-000007"
form_type: "8-K"
ticker: "LNC"
cik: "0000059558"
company_name: "LINCOLN NATIONAL CORP"
filed_at: "2026-02-12T23:59:59+00:00"
generated_at: "2026-05-16T03:09:15.201935+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lincoln Financial Q4 adjusted EPS $2.21 vs $1.91 YoY; net income falls to $745M

## Summary
- Q4 adjusted operating income available to common $434M ($2.21/diluted share), up from $332M ($1.91) YoY.
- Net income available to common $745M ($3.80/sh) vs $1,675M ($9.63) in Q4 2024 due to non-economic market risk benefit changes.
- Life Insurance operating income $77M, a $92M improvement YoY, driven by improved mortality and alternative investment income.
- Annuities operating income $311M (+3% YoY) on record account balances of $175B; sales up 33% to $4.9B.
- Holding company liquidity net of prefunding $655M at year-end; RBC ratio >420%.

## SEC filing metadata
- accession: 0000059558-26-000007
- form_type: 8-K
- ticker: LNC
- cik: 0000059558
- company_name: LINCOLN NATIONAL CORP
- filed_at: 2026-02-12T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/59558/000005955826000007/0000059558-26-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/59558/000005955826000007/lnc-20260212.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000059558-26-000007
- JSON: https://secwatch.observer/filing/0000059558-26-000007.json
- Plain text: https://secwatch.observer/filing/0000059558-26-000007.txt

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