Lincoln National (LNC) Revenue & Revenue Breakdown

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Lincoln National Revenue Highlights

Latest Revenue (Y)

$11.64B

Latest Revenue (Q)

$4.11B

Main Segment (Y)

Group Protection Segment

Main Geography (Y)

Life Segment

Lincoln National Revenue by Period

Lincoln National Revenue by Year

Date	Revenue	Change
2023-12-31	$11.64B	-38.09%
2022-12-31	$18.81B	-2.18%
2021-12-31	$19.23B	10.27%
2020-12-31	$17.44B	1.05%
2019-12-31	$17.26B	5.08%
2018-12-31	$16.42B	15.20%
2017-12-31	$14.26B	6.95%
2016-12-31	$13.33B	-1.78%
2015-12-31	$13.57B	0.13%
2014-12-31	$13.55B	13.24%
2013-12-31	$11.97B	3.79%
2012-12-31	$11.53B	8.43%
2011-12-31	$10.64B	2.20%
2010-12-31	$10.41B	22.45%
2009-12-31	$8.50B	-14.01%
2008-12-31	$9.88B	-6.71%
2007-12-31	$10.59B	16.89%
2006-12-31	$9.06B	65.14%
2005-12-31	$5.49B	2.17%
2004-12-31	$5.37B	1.65%
2003-12-31	$5.28B	13.99%
2002-12-31	$4.64B	-27.35%
2001-12-31	$6.38B	-6.87%
2000-12-31	$6.85B	0.70%
1999-12-31	$6.80B	11.77%
1998-12-31	$6.09B	24.26%
1997-12-31	$4.90B	-27.12%
1996-12-31	$6.72B	1.33%
1995-12-31	$6.63B	-5.03%
1994-12-31	$6.98B	-15.75%
1993-12-31	$8.29B	-

Lincoln National generated $11.64B in revenue during NA 2023, up -38.09% compared to the previous quarter, and up 70.90% compared to the same period a year ago.

Lincoln National Revenue by Quarter

Date	Revenue	Change
2024-09-30	$4.11B	-14.74%
2024-06-30	$4.82B	17.15%
2024-03-31	$4.12B	1841.51%
2023-12-31	$212.00M	-94.96%
2023-09-30	$4.20B	43.20%
2023-06-30	$2.94B	-23.05%
2023-03-31	$3.81B	-0.70%
2022-12-31	$3.84B	-19.95%
2022-09-30	$4.80B	-6.00%
2022-06-30	$5.10B	8.90%
2022-03-31	$4.69B	1.80%
2021-12-31	$4.60B	-12.15%
2021-09-30	$5.24B	8.04%
2021-06-30	$4.85B	6.99%
2021-03-31	$4.53B	9.65%
2020-12-31	$4.13B	-22.87%
2020-09-30	$5.36B	52.43%
2020-06-30	$3.52B	-20.52%
2020-03-31	$4.42B	1.86%
2019-12-31	$4.34B	-6.34%
2019-09-30	$4.64B	7.61%
2019-06-30	$4.31B	8.70%
2019-03-31	$3.96B	-12.49%
2018-12-31	$4.53B	6.26%
2018-09-30	$4.26B	6.07%
2018-06-30	$4.02B	11.39%
2018-03-31	$3.61B	-1.64%
2017-12-31	$3.67B	4.50%
2017-09-30	$3.51B	-1.85%
2017-06-30	$3.58B	2.20%
2017-03-31	$3.50B	7.56%
2016-12-31	$3.25B	-7.69%
2016-09-30	$3.52B	6.59%
2016-06-30	$3.31B	1.97%
2016-03-31	$3.24B	2.24%
2015-12-31	$3.17B	-14.64%
2015-09-30	$3.72B	9.91%
2015-06-30	$3.38B	2.33%
2015-03-31	$3.30B	-10.36%
2014-12-31	$3.69B	8.06%
2014-09-30	$3.41B	3.93%
2014-06-30	$3.28B	3.34%
2014-03-31	$3.18B	1.73%
2013-12-31	$3.12B	3.76%
2013-09-30	$3.01B	0.33%
2013-06-30	$3.00B	5.45%
2013-03-31	$2.84B	-4.05%
2012-12-31	$2.96B	0.34%
2012-09-30	$2.95B	1.90%
2012-06-30	$2.90B	6.82%
2012-03-31	$2.71B	5.56%
2011-12-31	$2.57B	0.91%
2011-09-30	$2.55B	-9.13%
2011-06-30	$2.80B	3.31%
2011-03-31	$2.71B	1.95%
2010-12-31	$2.66B	1.88%
2010-09-30	$2.61B	0.32%
2010-06-30	$2.60B	3.05%
2010-03-31	$2.53B	5.35%
2009-12-31	$2.40B	15.28%
2009-09-30	$2.08B	6.62%
2009-06-30	$1.95B	-13.06%
2009-03-31	$2.25B	-1.23%
2008-12-31	$2.27B	-6.69%
2008-09-30	$2.44B	-5.65%
2008-06-30	$2.58B	2.30%
2008-03-31	$2.52B	0.88%
2007-12-31	$2.50B	-

Lincoln National generated $4.11B in revenue during Q3 2024, up -14.74% compared to the previous quarter, and up 140.07% compared to the same period a year ago.

Lincoln National Revenue Breakdown

Lincoln National Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Life Segment	$1.16B	$7.16B	$8.14B	$7.52B	$7.44B
Retirement Plan Services Segment	-	$1.27B	$1.32B	$1.21B	$1.20B
Annuities Segment	$-1.58B	$4.77B	$5.00B	$4.46B	$4.60B
Group Protection Segment	$5.01B	$5.30B	$5.00B	$4.79B	$4.59B
Other Operations	$-920.00M	$159.00M	$180.00M	$185.00M	$220.00M
Excluded Realized Gain Loss Pre Tax Reconciling Item	-	-	-	-	$-794.00M
Amortization Of Dfel Associated With Benefit Ratio Unlocking Pre Tax	-	-	-	-	$6.00M

Lincoln National's latest annual revenue breakdown by segment (product or service), as of Dec 23: Group Protection Segment (136.55%), Life Segment (31.64%), Other Operations (-25.05%), and Annuities Segment (-43.14%).

Quarterly Revenue by Product

Product/Service	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19
Group Protection Segment	$1.43B	$1.44B	$1.43B	$838.00M	$1.39B	$1.40B	$1.39B	$1.34B	$1.33B	$1.32B	$1.30B	$1.25B	$1.24B	$1.25B	$1.25B	$1.19B	$1.18B	$1.20B	$1.22B	$1.16B
Retirement Plan Services Segment	$335.00M	$327.00M	$322.00M	-	$327.00M	$334.00M	$328.00M	$324.00M	$316.00M	$315.00M	$318.00M	$335.00M	$328.00M	$333.00M	$327.00M	$324.00M	$311.00M	$282.00M	$297.00M	$310.00M
Annuities Segment	$1.20B	$1.21B	$1.27B	-	$1.20B	$1.19B	$1.14B	$1.19B	$1.18B	$1.17B	$1.23B	$1.28B	$1.27B	$1.25B	$1.20B	$1.16B	$1.13B	$1.04B	$1.13B	$1.15B
Life Segment	$1.59B	$1.51B	$1.54B	-	$1.72B	$1.76B	$1.76B	$1.77B	$1.76B	$1.80B	$1.82B	$1.84B	$2.33B	$2.03B	$1.94B	$1.93B	$2.13B	$1.64B	$1.82B	$1.84B
Other Operations	-	-	-	-	$38.00M	$46.00M	$43.00M	$48.00M	$36.00M	$34.00M	$40.00M	$55.00M	$42.00M	$45.00M	$38.00M	$54.00M	$40.00M	$52.00M	$38.00M	$54.00M

Lincoln National's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Life Segment (34.92%), Group Protection Segment (31.47%), Annuities Segment (26.26%), and Retirement Plan Services Segment (7.36%).

Lincoln National Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 22	Dec 21	Dec 20	Dec 19	Dec 18
Retirement Plan Services Segment	$1.27B	$1.32B	$1.21B	$1.20B	$1.18B
Annuities Segment	$4.77B	$5.00B	$4.46B	$4.60B	$4.38B
Group Protection Segment	$5.30B	$5.00B	$4.79B	$4.59B	$3.76B
Life Segment	$7.16B	$8.14B	$7.52B	$7.44B	$6.92B
Other Operations	$159.00M	$180.00M	$185.00M	$220.00M	$235.00M
Excluded Realized Gain Loss Pre Tax Reconciling Item	-	-	-	$-794.00M	$-46.00M
Amortization Of Dfel Associated With Benefit Ratio Unlocking Pre Tax	-	-	-	$6.00M	$-5.00M

Lincoln National's latest annual revenue breakdown by geography, as of Dec 22: Life Segment (38.34%), Group Protection Segment (28.41%), Annuities Segment (25.58%), Retirement Plan Services Segment (6.82%), and Other Operations (0.85%).

Lincoln National Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
MET	MetLife	$66.41B	$18.44B
MFC	Manulife Financial	$42.31B	$12.55B
AFL	Aflac	$18.70B	$2.95B
UNM	Unum Group	$12.39B	$3.22B
LNC	Lincoln National	$11.64B	$4.11B
PUK	Prudential	$10.86B	$5.37B
BHF	Brighthouse Financial	$4.12B	$2.02B
JXN	Jackson Financial	$3.16B	$1.25B
PRU	Prudential Financial	$-3.17B	$19.49B

LNC Revenue FAQ

What is Lincoln National’s yearly revenue?

Lincoln National's yearly revenue for 2023 was $11.64B, representing a decrease of -38.09% compared to 2022. The company's yearly revenue for 2022 was $18.81B, representing a decrease of -2.18% compared to 2021. LNC's yearly revenue for 2021 was $19.23B, representing an increase of 10.27% compared to 2020.

What is Lincoln National’s quarterly revenue?

Lincoln National's quarterly revenue for Q3 2024 was $4.11B, a -14.74% decrease from the previous quarter (Q2 2024), and a -2.19% decrease year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $4.82B, a 17.15% increase from the previous quarter (Q1 2024), and a 64.29% increase year-over-year (Q2 2023). LNC's quarterly revenue for Q1 2024 was $4.12B, a 1841.51% increase from the previous quarter (Q4 2023), and a 7.92% increase year-over-year (Q1 2023).

What is Lincoln National’s revenue growth rate?

Lincoln National's revenue growth rate for the last 3 years (2021-2023) was -39.44%, and for the last 5 years (2019-2023) was -32.52%.

What are Lincoln National’s revenue streams?

Lincoln National's revenue streams in c 23 are Life Segment, Annuities Segment, Group Protection Segment, and Other Operations. Life Segment generated $1.16B in revenue, accounting 31.64% of the company's total revenue, down -83.76% year-over-year. Annuities Segment generated $-1.584B in revenue, accounting -43.14% of the company's total revenue, down -133.18% year-over-year. Group Protection Segment generated $5.01B in revenue, accounting 136.55% of the company's total revenue, down -5.45% year-over-year. Other Operations generated $-920M in revenue, accounting -25.05% of the company's total revenue, down -678.62% year-over-year.

What is Lincoln National’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Lincoln National was Group Protection Segment. This segment made a revenue of $5.01B, representing 136.55% of the company's total revenue.