WinstonWınston
Back
Stock

Lincoln National Corporation

LNC
64
Insurance - Life · Financial Services
Also trades as: 0JV3.L GBP 0.41 (+1.50%)
Price
$41.11
+0.72 (+1.78%)
pre-market:$40.31-1.95%
Market Cap
$7.87B
Winston Score
64
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Oct 23, 2026 · filings through Jun 30, 2026

§How the score breaks down

Quality
Exceptional
27/30
Growth
Good
11/20
Cash Flow
Weak
0/10
Stability
Strong
7/10
Valuation
Good
6/10
Ownership
Good
10/15
Dividends
Good
3/5

64 of 100 counted points = Winston Score 64.

Track this stock — start free trial

Share count falling — buybacks

−1.6% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 189.1M (2021) → 186.1M (2025)

§Winston Score History

The full picture

Lincoln National Corporation sells life insurance, annuities, and retirement savings products to individuals and employers across the United States. Its main products include term and universal life insurance policies, variable and fixed annuities, and group benefits like disability insurance sold through workplace plans. The company is one of the larger life insurers in the U.S. and owns the well-known Lincoln Financial brand.

Lincoln National makes money by collecting premiums and fees from policyholders, then investing those funds to earn returns that exceed what it pays out in claims. It operates almost entirely in the United States and has roughly $6.4 billion in market value. Its competitive position depends on its distribution network of financial advisors and employer relationships, which are hard to replace quickly. The main risk the company faces is rising claims costs or poor investment returns, both of which can squeeze profits when interest rates shift or markets become volatile.

Politician Trades

2 trades / 12mo

1 Congressional buy and 1 sell on LNC in the last 12 months.

Unlock the full Smart Money Map — every trade plotted on the price chart with politicians, amounts and returns since each trade. Founder's Deal is $57/mo locked for life.

Unlock politician trades

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+11.7% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+76.5% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (7%)

Research and development spending

Insider Activity

10.3%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

5+ years

$153.5B cash & investments at current burn rate

Growth context

Lincoln National Corporation is growing revenue at 12% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
100.0%
Premium pricing power — 100.0% gross margin
Profit after running costs
Operating Margin
36.2%
Excellent — 36.2% operating margin
Return on the money invested
ROCE
15.6%
Strong — 15.6% return on capital

ROIC between 15% and 25%. Every dollar invested in the business earns 15 to 25 cents back per year.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth
Sales YoY
+7.2%
Steady sales growth (+7.2% YoY)
Profit growth
EPS YoY
+100.7%
Earnings growing fast (+100.7% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
4/8 quarters
Earnings inconsistent quarter-to-quarter

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash
Cash Conversion
-56%
Weak — only -56% of profit becomes cash
Spare cash per sale
FCF Margin
-6.9%
Burning cash (-6.9%)

Free cash flow is negative. They are burning cash, not generating it.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns
Debt / Equity
0.60
Moderate — manageable debt (0.60)
Covers its interest
Interest Cover
8.78x
Comfortably covers interest (8.8x)

Interest coverage above 8. Profits cover interest many times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit
P/E Ratio (TTM)
3.4x
Attractive valuation — P/E 3.4

P/E under 10. The price tag is small relative to last year's profit.

Cheaper or dearer next year
P/E vs Forward
-1.4
SLOWING
Earnings expected to fall — forward P/E higher than today

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend
Dividend Yield
4.32%
Healthy income — 4.32% yield

Generous yield. Worth checking whether the payout is sustainable.

Dividend record
Dividend Growth
+0.0%
Dividend flat
Payout Ratio
17%
no trend
Pays out a modest share of profit and keeps the rest to reinvest. Room to keep paying through a weak year.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free
🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.
Start free trial