Lincoln National (LNC) Invested Capital (2009 - 2026)
Lincoln National's (LNC) quarterly Invested Capital came in at $18.6 billion in Q2 2026, up 21.54% on a YoY basis from $15.3 billion in Q2 2025, and up 9.62% quarter-over-quarter from $17.0 billion in Q1 2026.
Analysis
Lincoln National (LNC) Invested Capital (2009 - 2026) Analysis & Trends
Lincoln National (LNC) has reported Invested Capital for 18 consecutive years, with $18.6 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Invested Capital rose 21.54% year-over-year to $18.6 billion; the trailing twelve-month figure through Jun 2026 stood at $18.6 billion (up 21.54% YoY), and the FY2025 full-year result was $17.6 billion, up 19.33% from the prior year.
- Invested Capital advanced to $18.6 billion in Q2 2026 per LNC's latest filing, from $17.0 billion in the prior quarter.
- Across five years, Invested Capital topped out at $20.8 billion in Q1 2022 and bottomed at $9.1 billion in Q3 2023.
- Historically, Invested Capital has averaged $14.7 billion across 5 years, with a median of $14.6 billion in 2024.
- The sharpest annual moves came in 2022 and 2024: Invested Capital slumped 66.74% in 2022, then soared 70.36% in 2024.
- Over 5 years, Invested Capital stood at $12.6 billion in 2022, then advanced by 4.3% to $13.1 billion in 2023, then grew by 12.47% to $14.7 billion in 2024, then increased by 19.33% to $17.6 billion in 2025, then climbed by 5.93% to $18.6 billion in 2026.
- According to Business Quant data, Invested Capital over the past three periods registered $18.6 billion, $17.0 billion, and $17.6 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Manulife Financial | 75.56 Bn | 76.77 Bn | - | 51.93 Bn |
| 2 | Metlife | 61.89 Bn | 34.88 Bn | 7.82 Bn | 33.81 Bn |
| 3 | Sun Life Financial | 45.01 Bn | 40.41 Bn | - | 27.72 Bn |
| 4 | Globe Life | 16.00 Bn | 15.24 Bn | 801.48 Mn | 9.38 Bn |
| 5 | Equitable Holdings | 14.74 Bn | -2.55 Bn | 1.22 Bn | 4.70 Bn |
| 6 | Brookfield Wealth Solutions | 12.45 Bn | 11.71 Mn | 1.92 Bn | 19.01 Bn |
| 7 | Corebridge Financial | 9.60 Bn | -296.03 Bn | 2.79 Bn | - |
| 8 | Jackson Financial | 9.04 Bn | 3.56 Bn | - | 13.33 Bn |
| 9 | Primerica | 8.98 Bn | 8.35 Bn | 717.74 Mn | 3.68 Bn |
| 10 | Lincoln National | 8.08 Bn | -3.60 Bn | 2.62 Bn | 18.61 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 18.61 Bn |
| Mar 31, 2026 | 16.98 Bn |
| Dec 31, 2025 | 17.57 Bn |
| Sep 30, 2025 | 16.22 Bn |
| Jun 30, 2025 | 15.32 Bn |
| Mar 31, 2025 | 14.06 Bn |
| Dec 31, 2024 | 14.73 Bn |
| Sep 30, 2024 | 15.51 Bn |
| Jun 30, 2024 | 14.57 Bn |
| Mar 31, 2024 | 14.28 Bn |
| Dec 31, 2023 | 13.09 Bn |
| Sep 30, 2023 | 9.10 Bn |
| Jun 30, 2023 | 12.27 Bn |
| Mar 31, 2023 | 13.21 Bn |
| Dec 31, 2022 | 12.55 Bn |
| Sep 30, 2022 | 9.24 Bn |
| Jun 30, 2022 | 15.83 Bn |
| Mar 31, 2022 | 20.82 Bn |
| Dec 31, 2021 | 27.54 Bn |
| Sep 30, 2021 | 27.79 Bn |