Lincoln National annual return on equity
2008
2009
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2020
2021
2022
2023
2024
2025
Lincoln National Return on Equity (ROE) Growth & History (LNC)
Lincoln National's return on equity was 12.28% for fiscal 2025.
View full Lincoln National company overviewLincoln National annual return on equity history
| Fiscal year | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 12.28% | −30.92 pp |
| 2024 | 2024-12-31 | 43.20% | +55.74 pp |
| 2023 | 2023-12-31 | −12.54% | −23.40 pp |
| 2022 | 2022-12-31 | 10.86% | −6.87 pp |
| 2021 | 2021-12-31 | 17.73% | +15.38 pp |
| 2020 | 2020-12-31 | 2.35% | −2.85 pp |
| 2019 | 2019-12-31 | 5.21% | −5.16 pp |
| 2018 | 2018-12-31 | 10.36% | −2.71 pp |
| 2017 | 2017-12-31 | 13.08% | +4.59 pp |
| 2016 | 2016-12-31 | 8.49% | +0.62 pp |
| 2015 | 2015-12-31 | 7.86% | −2.52 pp |
| 2014 | 2014-12-31 | 10.38% | +1.63 pp |
| 2013 | 2013-12-31 | 8.75% | −0.60 pp |
| 2012 | 2012-12-31 | 9.35% | +7.57 pp |
| 2011 | 2011-12-31 | 1.78% | −14.01 pp |
| 2010 | 2010-12-31 | 15.79% | +28.36 pp |
| 2009 | 2009-12-31 | −12.57% | −13.15 pp |
| 2008 | 2008-12-31 | 0.58% | — |
Lincoln National quarterly return on equity
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| Fiscal quarter | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 12.36% | +4.48 pp |
| Q1 2026 | 2026-03-31 | −1.63% | +7.14 pp |
| Q4 2025 | 2025-12-31 | 7.07% | −12.44 pp |
| Q3 2025 | 2025-09-30 | 4.45% | +10.68 pp |
| Q2 2025 | 2025-06-30 | 7.88% | −3.67 pp |
| Q1 2025 | 2025-03-31 | −8.77% | −25.70 pp |
| Q4 2024 | 2024-12-31 | 19.51% | +43.99 pp |
| Q3 2024 | 2024-09-30 | −6.23% | −25.14 pp |
| Q2 2024 | 2024-06-30 | 11.55% | +3.41 pp |
| Q1 2024 | 2024-03-31 | 16.93% | +31.82 pp |
| Q4 2023 | 2023-12-31 | −24.47% | −45.07 pp |
| Q3 2023 | 2023-09-30 | 18.92% | +48.24 pp |
| Q2 2023 | 2023-06-30 | 8.14% | +1.02 pp |
| Q1 2023 | 2023-03-31 | −14.89% | −23.56 pp |
| Q4 2022 | 2022-12-31 | 20.60% | +17.15 pp |
| Q3 2022 | 2022-09-30 | −29.32% | −30.79 pp |
| Q2 2022 | 2022-06-30 | 7.12% | +4.00 pp |
| Q1 2022 | 2022-03-31 | 8.67% | +7.64 pp |
| Q4 2021 | 2021-12-31 | 3.45% | +2.80 pp |
| Q3 2021 | 2021-09-30 | 1.47% | −0.41 pp |
| Q2 2021 | 2021-06-30 | 3.12% | +3.62 pp |
| Q1 2021 | 2021-03-31 | 1.04% | +0.75 pp |
| Q4 2020 | 2020-12-31 | 0.65% | −1.53 pp |
| Q3 2020 | 2020-09-30 | 1.88% | +2.72 pp |
| Q2 2020 | 2020-06-30 | −0.50% | −2.59 pp |
| Q1 2020 | 2020-03-31 | 0.29% | −1.35 pp |
| Q4 2019 | 2019-12-31 | 2.17% | −0.54 pp |
| Q3 2019 | 2019-09-30 | −0.84% | −4.08 pp |
| Q2 2019 | 2019-06-30 | 2.08% | −0.39 pp |
| Q1 2019 | 2019-03-31 | 1.64% | −0.57 pp |
| Q4 2018 | 2018-12-31 | 2.71% | −2.14 pp |
| Q3 2018 | 2018-09-30 | 3.24% | +0.65 pp |
| Q2 2018 | 2018-06-30 | 2.47% | −0.18 pp |
| Q1 2018 | 2018-03-31 | 2.20% | −0.75 pp |
| Q4 2017 | 2017-12-31 | 4.85% | +3.62 pp |
| Q3 2017 | 2017-09-30 | 2.59% | −0.31 pp |
| Q2 2017 | 2017-06-30 | 2.65% | +0.53 pp |
| Q1 2017 | 2017-03-31 | 2.95% | +1.46 pp |
| Q4 2016 | 2016-12-31 | 1.23% | −0.79 pp |
| Q3 2016 | 2016-09-30 | 2.90% | +1.34 pp |
| Q2 2016 | 2016-06-30 | 2.13% | −0.10 pp |
| Q1 2016 | 2016-03-31 | 1.49% | −0.38 pp |
| Q4 2015 | 2015-12-31 | 2.02% | −0.22 pp |
| Q3 2015 | 2015-09-30 | 1.56% | −1.28 pp |
| Q2 2015 | 2015-06-30 | 2.22% | −0.43 pp |
| Q1 2015 | 2015-03-31 | 1.88% | −0.48 pp |
| Q4 2014 | 2014-12-31 | 2.24% | −0.38 pp |
| Q3 2014 | 2014-09-30 | 2.84% | +0.32 pp |
| Q2 2014 | 2014-06-30 | 2.66% | +0.41 pp |
| Q1 2014 | 2014-03-31 | 2.36% | +0.75 pp |
| Q4 2013 | 2013-12-31 | 2.62% | +0.49 pp |
| Q3 2013 | 2013-09-30 | 2.52% | −0.41 pp |
| Q2 2013 | 2013-06-30 | 2.25% | −0.12 pp |
| Q1 2013 | 2013-03-31 | 1.60% | −0.25 pp |
| Q4 2012 | 2012-12-31 | 2.13% | +6.12 pp |
| Q3 2012 | 2012-09-30 | 2.94% | +1.81 pp |
| Q2 2012 | 2012-06-30 | 2.37% | −0.07 pp |
| Q1 2012 | 2012-03-31 | 1.85% | −0.77 pp |
| Q4 2011 | 2011-12-31 | −3.99% | −5.55 pp |
| Q3 2011 | 2011-09-30 | 1.13% | −0.75 pp |
| Q2 2011 | 2011-06-30 | 2.45% | +0.41 pp |
| Q1 2011 | 2011-03-31 | 2.62% | −2.06 pp |
| Q4 2010 | 2010-12-31 | 1.55% | −0.24 pp |
| Q3 2010 | 2010-09-30 | 1.88% | +0.40 pp |
| Q2 2010 | 2010-06-30 | 2.04% | +3.93 pp |
| Q1 2010 | 2010-03-31 | 4.68% | — |
| Q4 2009 | 2009-12-31 | 1.79% | — |
| Q3 2009 | 2009-09-30 | 1.48% | — |
| Q2 2009 | 2009-06-30 | −1.89% | — |
Lincoln National return on equity trends
Over the last five fiscal years, Lincoln National's return on equity increased from 2.35% to 12.28%, a change of +9.92 percentage points. The latest reported quarter, Q2 2026, shows 12.36%.
About the metric
What return on equity (ROE) means
Return on equity (ROE) measures how much net income a company generates relative to shareholders’ equity. It can help evaluate how efficiently equity capital is used, but unusually high or negative values may reflect leverage, losses, or a small equity base.
Calculation and source
How return on equity is calculated
TickerStat calculates ROE as SEC-reported net income divided by average stockholders’ equity at the beginning and end of the fiscal period. Periods with missing or non-positive average equity are omitted. Quarterly ROE uses quarterly net income and is not annualized. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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