Lincoln National LNC
NYSE LNC
$43.58 +0.03 (+0.08%)
As of: Sep 10, 2026 · 3:59 PM EDT

Lincoln National (LNC) Free Cash Flow (2009 - 2026)

Lincoln National's (LNC) quarterly Free Cash Flow came in at -$558.0 million in Q2 2026, down 155.08% on a YoY basis from $1.0 billion in Q2 2025, and down 504.35% quarter-over-quarter from $138.0 million in Q1 2026.

Analysis

Lincoln National (LNC) Free Cash Flow (2009 - 2026) Analysis & Trends

Lincoln National (LNC) has reported Free Cash Flow for 18 consecutive years, with -$558.0 million the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Free Cash Flow fell 155.08% year-over-year to -$558.0 million; the trailing twelve-month figure through Jun 2026 stood at -$1.3 billion (down 241.88% YoY), and the FY2025 full-year result was -$167.0 million, up 91.68% from the prior year.
  • Free Cash Flow eased to -$558.0 million in Q2 2026 per LNC's latest filing, from $138.0 million in the prior quarter.
  • Across five years, Free Cash Flow topped out at $1.9 billion in Q2 2022 and bottomed at -$1.9 billion in Q4 2023.
  • Historically, Free Cash Flow has averaged -$58.8 million across 5 years, with a median of $92.0 million in 2023.
  • The sharpest annual moves came in 2022 and 2025: Free Cash Flow surged 360.73% in 2022, then plunged 4125.93% in 2025.
  • Over 5 years, Free Cash Flow stood at $594.0 million in 2022, then tumbled by 414.48% to -$1.9 billion in 2023, then surged by 111.88% to $222.0 million in 2024, then climbed by 4.95% to $233.0 million in 2025, then tumbled by 339.48% to -$558.0 million in 2026.
  • According to Business Quant data, Free Cash Flow over the past three periods registered -$558.0 million, $138.0 million, and $233.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Metlife 62.16 Bn 34.84 Bn 7.82 Bn 2.23 Bn
2 Manulife Financial 24.69 Bn 25.90 Bn - 3.00 Bn
3 Equitable Holdings 14.62 Bn -4.31 Bn 1.22 Bn 633.00 Mn
4 Jackson Financial 9.71 Bn 3.72 Bn - 946.00 Mn
5 Corebridge Financial 9.48 Bn -296.14 Bn 2.79 Bn -44.00 Mn
6 Primerica 9.02 Bn 8.38 Bn 717.74 Mn 193.82 Mn
7 Sun Life Financial 8.56 Bn 3.96 Bn - 102.66 Mn
8 Brookfield Wealth Solutions 8.52 Bn -4.26 Bn 1.92 Bn 1.28 Bn
9 Lincoln National 8.41 Bn -3.27 Bn 2.62 Bn -558.00 Mn
10 Prudential Financial 5.23 Bn -26.69 Bn 7.91 Bn 2.35 Bn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -558.00 Mn
Mar 31, 2026 138.00 Mn
Dec 31, 2025 233.00 Mn
Sep 30, 2025 -1.14 Bn
Jun 30, 2025 1.01 Bn
Mar 31, 2025 -272.00 Mn
Dec 31, 2024 222.00 Mn
Sep 30, 2024 -27.00 Mn
Jun 30, 2024 -859.00 Mn
Mar 31, 2024 -1.34 Bn
Dec 31, 2023 -1.87 Bn
Sep 30, 2023 46.00 Mn
Jun 30, 2023 522.00 Mn
Mar 31, 2023 -774.00 Mn
Dec 31, 2022 594.00 Mn
Sep 30, 2022 650.00 Mn
Jun 30, 2022 1.89 Bn
Mar 31, 2022 476.00 Mn
Dec 31, 2021 -342.00 Mn
Sep 30, 2021 338.00 Mn