Lincoln(US:LNC)2026-02-12 11:05Financial Performance - Adjusted income from operations available to common stockholders was reported at $X million, reflecting a Y% increase compared to the previous quarter[5] - Adjusted operating revenues reached $X million, which is a Y% increase year-over-year[4] - The company reported a return on equity (ROE) of X%, which is an improvement of Y% compared to the previous quarter[15] - Future guidance indicates expected adjusted income from operations growth of Y% for the next quarter[4] - Net income available to common stockholders for the twelve months ended December 31, 2025, fell by 65.9% to $1,086 million from $3,187 million[21] - Earnings per share (diluted) for the twelve months ended December 31, 2025, decreased by 68.3% to $5.83 compared to $18.41 for the previous year[21] - Net income decreased by 64.1% from $3,275 million to $1,177 million[24] - Adjusted income from operations for the twelve months ended December 31, 2025, increased to $8.23, reflecting a growth of 16.4% from $7.07 in 2024[44] Revenue and Sales Growth - Total operating revenues for the twelve months ended December 31, 2025, increased by 4.1% to $19,085 million from $18,342 million in 2024[28] - Total operating revenues for Lincoln Financial increased by 2.2% to $1,610 million for the three months ended September 30, 2025, compared to $1,608 million for the same period in 2024[31] - Total adjusted operating revenues rose by 5.7% to $4,894 million for the three months ended December 31, 2025, compared to $4,628 million in the same period of 2024[28] - Total Annuities sales increased by 32.5% year-over-year to $4,889 million for the three months ended December 31, 2025, compared to $3,689 million in the same period of 2024[27] - RILA sales grew by 50.7% year-over-year to $1,936 million for the twelve months ended December 31, 2025, up from $4,526 million in 2024[27] Assets and Equity - Total stockholders' equity, excluding AOCI and preferred stock, was $X million, indicating a Y% increase from the previous quarter[8] - Book value per share, excluding AOCI, was calculated at $X, representing a Y% increase from the prior year[10] - Total assets as of December 31, 2025, increased by 6.7% to $417,204 million from $390,831 million as of December 31, 2024[22] - Total liabilities increased by 6.2% from $382,562 million to $406,298 million[23] - Stockholders' equity at the end of December 31, 2025, reached $10,906 million, representing a 31.9% increase from $8,269 million at the end of 2024[47] Investment Performance - Net investment income rose by 9.6% to $6,075 million for the twelve months ended December 31, 2025, up from $5,544 million[21] - The company reported a significant increase in the change in market value and reinvestment, from $11,748 million in 2024 to $14,738 million in 2025, representing a 25.5% increase[41] - The balance of commercial mortgage loans, net of modified coinsurance and funds withheld investments, was $17,482 million as of December 31, 2025, showing a slight increase from $17,422 million in the previous year[41] Expenses and Costs - General and Administrative Expenses for Annuities increased by 8.9% to $122 million for the three months ended December 31, 2025, compared to $112 million in the same period of 2024[28] - Total operating expenses rose by 3.5% to $298 million for the three months ended 12/31/25, up from $288 million in the same period last year[33] - Commissions incurred rose by 19.8% to $689 million for the three months ended December 31, 2025, compared to the previous quarter[29] Market Strategy and Future Outlook - The company plans to expand its market presence through strategic acquisitions and partnerships in the upcoming fiscal year[6] - The company plans to continue focusing on market expansion and new product development to drive future growth[42] Insurance and Annuities - Insurance premiums for the twelve months ended December 31, 2025, increased by 3.8% to $6,666 million compared to $6,425 million for the previous year[21] - Deposits in the Annuities segment surged by 32.4% to $4,890 million for the three months ended December 31, 2025, from $3,692 million in the same quarter of 2024[26] - Life insurance gross deposits in the separate account increased by 78.4% to $2,646 million for the twelve months ended December 31, 2025, compared to $1,483 million in the previous year[37]