Lincoln National (LNC-PD) Debt to Equity (2009 - 2026)

Lincoln National (LNC-PD) reported Debt to Equity of $0.04 for Q1 2026, down 93.18% quarter-over-quarter from $0.57 in Q4 2025.

Lincoln National (LNC-PD) Debt to Equity (2009 - 2026) Analysis & Trends

Lincoln National has reported Debt to Equity for 18 years, with the latest figure at $0.04 in Q1 2026.

  • For the quarter ending Q1 2026, Debt to Equity changed N/A year-over-year to $0.04; the trailing twelve-month figure through Mar 2026 stood at $0.04 (changed N/A YoY), and the FY2025 full-year result was $0.57, up 147.0% from the prior year.
  • Debt to Equity for Q1 2026 stood at $0.04, down from $0.57 in the prior quarter.
  • The five-year high for Debt to Equity was $2.32 in Q3 2022, with the low at -$189.85 in Q4 2022.
  • Historically, Debt to Equity has averaged -$13.1 across 5 years, with a median of $0.33 in 2024.
  • The largest YoY upside for Debt to Equity was 641.68% in 2022 against a maximum downside of 57170.51% in 2022.
  • Lincoln National's Debt to Equity stood at -$189.85 in 2022, then soared by 100.45% to $0.86 in 2023, then plunged by 241.64% to -$1.22 in 2024, then jumped by 147.0% to $0.57 in 2025, then tumbled by 93.18% to $0.04 in 2026.
  • The last three Debt to Equity figures came in at $0.04 (Q1 2026), $0.57 (Q4 2025), and -$1.22 (Q4 2024), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Manulife Financial 568.62 Bn 568.62 Bn - 0.12
2 Aflac 59.20 Bn 53.55 Bn 1.48 Bn -
3 Metlife 55.45 Bn 39.51 Bn 256.00 Mn 0.20
4 Unum 14.44 Bn 4.48 Bn 1.40 Bn 0.35
5 Globe Life 12.48 Bn 11.80 Bn 1.45 Bn 0.46
6 Primerica 8.62 Bn 8.62 Bn 770.81 Mn -
7 Jackson Financial 7.51 Bn 1.67 Bn - 0.05
8 Lincoln National 6.79 Bn -8.89 Bn 3.25 Bn 0.04
9 CNO Financial 4.58 Bn 4.24 Bn 754.30 Mn -
10 Lincoln National - - 3.25 Bn 0.04

Historic Data

Download Data
DateValue
Mar 31, 2026 0.04
Dec 31, 2025 0.57
Dec 31, 2024 -1.22
Sep 30, 2024 0.03
Jun 30, 2024 0.07
Mar 31, 2024 0.09
Dec 31, 2023 0.86
Sep 30, 2023 1.85
Jun 30, 2023 -1.26
Mar 31, 2023 1.42
Dec 31, 2022 -189.85
Sep 30, 2022 2.32
Jun 30, 2022 0.92
Mar 31, 2022 0.70
Dec 31, 2021 0.33
Sep 30, 2021 0.31
Jun 30, 2021 0.31
Mar 31, 2021 0.34
Sep 30, 2020 0.31
Jun 30, 2020 0.92