Lincoln National (LNC) revenue breakdown
By segment, Group Protection is the largest at 34% of fiscal 2025 revenue, growing 12% a year over 9 years.
Revenue by segment
Fiscal years, as Lincoln National reports them in its 10-K filings; fiscal 2025 total $18.2B.
| Segments | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Group Protection | $2.1B | $2.2B | $3.8B | $4.6B | $4.8B | $5.0B | $5.3B | $5.6B | $5.7B | $6.1B | 34% |
| Life Insurance | $6.2B | $6.6B | $6.9B | $7.4B | $7.5B | $7.4B | $6.7B | $4.9B | $6.3B | $5.9B | 32% |
| Annuities | $4.0B | $4.4B | $4.4B | $4.6B | $4.5B | $4.7B | $5.5B | $732M | $4.7B | $4.9B | 27% |
| Retirement Plan Services | $1.1B | $1.2B | $1.2B | $1.2B | $1.2B | $1.3B | $1.3B | $1.3B | $1.3B | $1.3B | 7% |
| Amortization of deferred gain arising from reserve changes on business sold through reinsurance, pre-tax | $3M | — | — | — | — | — | — | — | — | — | — |
| Amortization of deferred gain arising from reserve changes on business sold through reinsurance, pre-tax | — | $1M | — | — | — | — | — | — | — | — | — |
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In fiscal 2025, by segment: Group Protection $6.1B, Life Insurance $5.9B, Annuities $4.9B, Retirement Plan Services $1.3B.
From Lincoln National's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.