0000059558-26-000058
SEC filing林肯金融Q2净利大增，调整后运营每股收益2.24美元，各业务线增长强劲。
| 指标 | 本期 (Q2 2026) | 去年同期 (Q2 2025) | 同比 |
|---|---|---|---|
| Revenue | $4,542M | $4,044M | +12.3% |
| Net Income | $1,332M | $699M | +90.6% |
| Net Income Available to Common Stockholders | $1,321M | $688M | +92.0% |
| Diluted EPS (GAAP) | $6.72 | $3.80 | +76.8% |
| Adjusted Income from Operations | $450M | $438M | +2.7% |
| Adjusted Income from Operations Available to Common Stockholders | $439M | $427M | +2.8% |
| Adjusted Diluted EPS (Non-GAAP) | $2.24 | $2.36 | -5.1% |
| Annuities Income from Operations | $287M | $287M | 0.0% |
| Life Insurance Income from Operations | $57M | $32M | +78.1% |
| Group Protection Income from Operations | $147M | $173M | -15.0% |
| Retirement Plan Services Income from Operations | $49M | $37M | +32.4% |
简评
林肯金融2026年第二季度GAAP净利润大幅增长至13.32亿美元（每股6.72美元），主要受市场风险利益（MRB）变动等非经济因素驱动，净收入与调整后运营收入的差异即源于此。调整后运营收入为4.5亿美元（每股2.24美元），同比温和增长2.7%，反映各业务线的持续改善。Life Insurance和Retirement Plan Services分别实现78.1%和32.4%的运营收入同比增长，Annuities保持稳定，Group Protection则因上年同期包含1500万美元经验返还而同比下降15%。
利润率方面，Life Insurance总利润率提升160个基点至3.6%，Group Protection运营利润率10.4%（同比下降210个基点，主要受经验返还确认时点变化影响）。资本与流动性方面，控股公司可用流动性（扣除预融资）增至9.03亿美元，并完成5亿美元次级债发行以支持优先股回购/赎回。管理层强调战略执行取得进展，各业务线均实现盈利增长，Annuities期末账户余额1820亿美元创纪录，Retirement Plan Services期末账户余额1310亿美元亦创历史新高。