Lincoln National (LNC) Free Cash Flow (2009 - 2026)
Lincoln National (LNC) posted Free Cash Flow of $138.0 million for Q1 2026, down 40.77% on a QoQ basis from $233.0 million in Q4 2025, and up 150.74% year-over-year from $55.0 million in Q1 2025.
Lincoln National (LNC) Free Cash Flow (2009 - 2026) Analysis & Trends
Lincoln National's Free Cash Flow history runs 18 years deep, the most recent figure standing at $138.0 million for Q1 2026.
- Quarterly Free Cash Flow rose 150.74% year-over-year to $138.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $243.0 million (up 125.96% YoY) and the FY2025 annual result came in at -$167.0 million, up 91.68% from the prior year.
- Free Cash Flow was $138.0 million for Q1 2026 at Lincoln National, down from $233.0 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.
- A 5-year average of -$29.5 million and a median of $138.0 million in 2026 frame the typical range for Free Cash Flow.
- Annual changes were most pronounced in 2022 — Free Cash Flow jumped 360.73% — and 2025, when it slumped 4125.93%.
- Lincoln National's 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 plunged by 40.77% to $138.0 million in 2026.
- Business Quant data shows LNC's Free Cash Flow at $138.0 million in Q1 2026, $233.0 million in Q4 2025, and -$1.1 billion in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Prudential | 75.05 Bn | 67.97 Bn | - | 104.00 Mn |
| 2 | Aflac | 63.80 Bn | 58.14 Bn | 2.51 Bn | 968.00 Mn |
| 3 | Metlife | 60.34 Bn | 44.39 Bn | 256.00 Mn | 2.69 Bn |
| 4 | Manulife Financial | 52.65 Bn | 53.78 Bn | - | 3.02 Bn |
| 5 | Unum | 14.19 Bn | 4.23 Bn | 1.40 Bn | 301.20 Mn |
| 6 | Primerica | 9.76 Bn | 9.08 Bn | 770.81 Mn | 156.79 Mn |
| 7 | Jackson Financial | 8.17 Bn | 3.03 Bn | - | 321.00 Mn |
| 8 | Lincoln National | 7.81 Bn | -1.09 Bn | 3.25 Bn | 138.00 Mn |
| 9 | F&G Annuities & Life | 3.87 Bn | 1.67 Bn | 1.15 Bn | 741.00 Mn |
| 10 | Genworth Financial | 3.84 Bn | 2.75 Bn | 553.00 Mn | 91.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 138.00 Mn |
| Mar 31, 2026 | 138.00 Mn |
| Dec 31, 2025 | 233.00 Mn |
| Dec 31, 2025 | 233.00 Mn |
| Sep 30, 2025 | -1.14 Bn |
| Sep 30, 2025 | -1.14 Bn |
| Jun 30, 2025 | 1.01 Bn |
| Jun 30, 2025 | 1.01 Bn |
| Mar 31, 2025 | -272.00 Mn |
| Mar 31, 2025 | -272.00 Mn |
| Dec 31, 2024 | 222.00 Mn |
| Dec 31, 2024 | 222.00 Mn |
| Sep 30, 2024 | -27.00 Mn |
| Sep 30, 2024 | -27.00 Mn |
| Jun 30, 2024 | -859.00 Mn |
| Jun 30, 2024 | -859.00 Mn |
| Mar 31, 2024 | -1.34 Bn |
| Mar 31, 2024 | -1.34 Bn |
| Dec 31, 2023 | -1.87 Bn |
| Dec 31, 2023 | -1.87 Bn |