Lincoln National (LNC) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - Lincoln National (LNC) reported $4.73 billion in revenue for Q2 2025, a year-over-year increase of 4.4% and an EPS of $2.36 compared to $1.84 a year ago, exceeding Zacks Consensus Estimates for both revenue and EPS [1] Financial Performance - Revenue of $4.73 billion surpassed the Zacks Consensus Estimate of $4.67 billion, resulting in a surprise of +1.23% [1] - EPS of $2.36 exceeded the consensus estimate of $1.91, delivering a surprise of +23.56% [1] Key Metrics - Net Flows - Life Insurance: $633 million, exceeding the estimate of $622.2 million [4] - Net Flows - Retirement Plan Services: $-585 million, worse than the estimate of $-140.99 million [4] - Loss Ratio - Group Protection: 65.9%, better than the estimate of 70.5% [4] - Net Flows - Annuities: $-1.16 billion, matching the average estimate [4] - Fee Income: $1.34 billion, slightly below the estimate of $1.35 billion, with a year-over-year change of +0.1% [4] - Insurance Premiums: $1.68 billion, in line with the estimate, reflecting a year-over-year change of +3.5% [4] - Net Investment Income: $1.47 billion, exceeding the estimate of $1.39 billion, with a year-over-year change of +10.1% [4] - Life Insurance Revenue: $1.6 billion, surpassing the estimate of $1.58 billion, with a year-over-year change of +6% [4] - Group Protection Revenue: $1.54 billion, exceeding the estimate of $1.52 billion, with a year-over-year change of +6.7% [4] - Other Operations Revenue: $41 million, below the estimate of $53.37 million, with a year-over-year change of +5.1% [4] - Retirement Plan Services Revenue: $331 million, slightly above the estimate of $327.13 million, with a year-over-year change of +1.2% [4] - Annuities Revenue: $1.21 billion, below the estimate of $1.23 billion, with a year-over-year change of +0.4% [4] Stock Performance - Lincoln National shares have returned -2.2% over the past month, while the Zacks S&P 500 composite has changed by +2.7% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]