Lincoln National Corporation reported fourth quarter 2025 net income available to common stockholders of $745 million ($3.80 per diluted share) and adjusted operating income of $434 million ($2.21 per diluted share). The company cited strong performance across business segments, with notable year-over-year earnings improvement in Life Insurance.
Key takeaways
Fourth quarter 2025 net income available to common stockholders was $745 million, or $3.80 per diluted share.
Fourth quarter 2025 adjusted operating income available to common stockholders was $434 million, or $2.21 per diluted share.
Life Insurance operating income was $77 million for Q4 2025, a $92 million increase from the prior-year quarter.
Annuities operating income was $311 million, with total sales of $4.9 billion, up 33% year over year.
Holding company available liquidity increased to $655 million at year-end 2025, net of prefunding amounts.
RBC ratio was estimated at >420% as of December 31, 2025.