Lincoln national corporation (LNC)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09Mar'09Sep'08
Revenues
Insurance premiums

5,440

5,513

5,505

5,503

5,270

4,601

4,139

3,590

3,226

3,256

3,117

3,051

2,978

2,987

3,101

3,218

3,272

3,246

3,150

3,066

3,039

2,988

2,922

2,853

2,772

2,687

2,637

2,571

2,527

2,462

2,398

2,351

2,315

2,294

2,276

2,255

2,212

2,176

2,143

2,096

2,087

2,064

2,056

0

0

0

Fee income

6,561

6,497

6,436

6,052

6,005

5,986

5,947

5,798

5,721

5,619

5,493

5,468

5,363

5,244

5,014

5,107

5,058

5,045

5,155

4,902

4,797

4,673

4,544

4,360

4,209

4,069

3,931

3,889

3,791

3,736

3,633

3,507

3,522

3,437

3,466

3,371

3,264

3,234

3,114

3,111

3,009

2,922

2,912

0

0

0

Net investment income

5,347

5,223

5,190

5,226

5,103

5,085

4,987

4,955

4,985

4,990

4,983

5,003

4,940

4,874

4,829

4,824

4,812

4,827

4,860

4,818

4,838

4,859

4,838

4,806

4,812

4,754

4,732

4,698

4,682

4,698

4,638

4,643

4,627

4,652

4,706

4,687

4,626

4,541

4,481

4,420

4,271

4,178

4,123

0

0

0

Realized gain (loss):
Total other-than-temporary impairment losses on securities

-

30

31

31

28

7

6

13

16

18

48

61

93

145

137

138

116

80

62

45

36

26

39

55

70

80

127

152

182

259

498

407

310

169

-195

-250

-214

-247

-274

-323

-533

-667

-817

0

0

0

Portion of loss recognized in other comprehensive income

-

15

0

0

0

-

-

-

-

-

47

55

63

43

42

28

13

26

-18

-15

-10

-10

-11

-12

-11

-10

-34

-46

-62

-106

-128

-131

-98

-45

11

82

66

87

92

107

210

275

260

0

0

0

Net other-than-temporary impairment losses on securities recognized in earnings

-

15

16

16

13

7

7

13

16

18

41

46

70

102

93

98

77

54

44

30

26

16

28

43

59

70

93

106

120

153

334

276

212

124

-148

-168

-148

-160

-182

-216

-323

-392

-557

0

0

0

Realized gain (loss), excluding other-than-temporary impairment losses on securities

-265

-595

-283

-327

-220

148

-108

-103

-103

-152

-281

-183

-194

-237

-169

-174

-140

-97

-73

-25

-4

16

103

1

-35

-65

35

146

220

227

42

-197

-251

-170

-113

113

107

91

63

-312

-653

-754

-655

0

0

0

Total realized gain (loss)

-272

-610

-299

-343

-233

141

-115

-116

-119

-170

-322

-229

-264

-339

-262

-272

-217

-151

0

0

0

-

75

-42

-94

-135

-58

40

100

74

-436

-343

-377

-294

261

55

41

69

1,397

1,806

1,368

1,146

-480

0

0

0

Amortization of deferred gain on business sold through reinsurance

34

31

0

0

0

-

-

-

-

23

41

59

73

73

74

74

74

74

73

73

73

74

72

73

74

74

74

74

74

74

189

151

113

75

-75

-75

-75

-75

-152

-151

-114

-76

38

0

0

0

Other revenues

608

604

579

607

618

602

603

581

548

539

531

505

497

491

490

486

512

531

965

977

965

960

540

539

533

520

504

493

490

491

483

477

475

477

480

475

470

458

450

440

427

405

414

0

0

0

Total revenues

17,718

17,258

17,444

17,070

16,780

16,424

15,562

14,809

14,366

14,257

13,843

13,857

13,587

13,330

13,246

13,437

13,511

13,572

14,086

13,781

13,682

13,554

12,991

12,589

12,306

11,969

11,820

11,765

11,664

11,535

0

0

0

-

-

10,808

10,606

10,415

10,147

9,616

8,894

8,499

8,367

0

0

0

Expenses
Interest credited

2,827

2,780

2,728

2,675

2,642

2,617

2,602

2,597

2,596

2,590

2,590

2,585

2,578

2,564

2,546

2,526

2,516

2,508

2,508

2,517

2,524

2,532

2,539

2,535

2,526

2,510

2,488

2,472

2,462

2,470

2,477

2,491

2,499

2,488

2,497

2,495

2,484

2,488

2,472

2,463

2,456

2,465

2,473

0

0

0

Benefits

8,624

7,880

8,252

7,376

7,185

6,786

5,967

5,602

5,228

5,160

5,069

4,730

4,651

4,692

4,722

5,127

5,139

5,044

5,188

4,978

4,837

4,679

4,242

4,070

3,982

3,862

3,829

3,694

3,646

3,541

3,425

3,279

3,363

3,345

3,312

3,572

3,383

3,327

3,302

2,955

2,692

2,834

2,886

0

0

0

Commissions and other expenses

5,196

5,287

5,162

4,977

4,882

4,763

4,708

4,361

4,218

4,176

4,109

4,372

4,316

4,277

4,096

4,245

4,281

4,318

4,609

4,172

4,121

4,079

3,909

3,842

3,777

3,701

3,673

3,792

3,722

3,683

3,529

3,506

3,352

3,264

3,483

3,148

3,228

3,174

2,852

2,925

2,865

2,794

2,741

0

0

0

Interest and debt expense

323

326

323

279

277

297

291

285

280

253

319

322

327

331

270

271

272

272

270

270

268

267

270

270

268

265

265

266

269

273

275

286

290

294

303

298

295

291

279

273

265

197

198

0

0

0

Strategic digitization expense

63

66

73

75

76

76

59

51

49

43

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of intangibles

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

730

602

0

0

0

Total expenses

17,033

16,339

16,538

15,382

15,062

14,539

14,532

13,801

13,276

13,127

12,128

12,040

11,889

11,872

11,634

12,169

12,208

12,142

12,575

11,937

11,750

11,557

10,960

10,717

10,553

10,338

10,255

10,224

10,099

9,967

10,453

10,309

10,251

10,138

9,595

9,513

9,390

9,280

9,033

8,743

8,404

9,020

8,900

0

0

0

Income (loss) before taxes

685

919

906

1,688

1,718

1,885

1,030

1,008

1,090

1,130

1,715

1,817

1,698

1,458

1,612

1,268

1,303

1,430

1,511

1,844

1,932

1,997

2,031

1,872

1,753

1,631

1,565

1,541

1,565

1,568

678

415

382

503

1,147

1,295

1,216

1,135

1,114

873

490

-521

-533

0

0

0

Federal income tax expense (benefit)

-1

33

53

184

192

244

-1,027

-977

-921

-949

262

315

282

266

326

222

238

276

292

413

447

483

514

457

419

387

351

264

284

282

263

239

223

274

250

311

284

262

261

187

63

-106

-149

0

0

0

Income (loss) from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,286

415

176

159

229

897

984

932

873

853

686

427

-415

-384

0

0

0

Income (loss) from discontinued operations, net of federal income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

27

27

-9

-9

-8

-8

-2

1

29

33

107

-50

-70

-55

0

0

0

Net income (loss)

686

886

853

1,504

1,526

1,641

2,057

1,985

2,011

2,079

1,453

1,502

1,416

1,192

1,286

1,046

1,065

1,154

1,220

1,432

1,486

1,515

1,517

1,415

1,334

1,244

1,214

1,305

1,309

1,313

442

167

150

221

889

982

933

902

886

793

377

-485

-439

0

0

0

Other comprehensive income (loss), net of tax
Other comprehensive income (loss), net of tax

551

5,266

5,412

3,135

220

-3,465

-2,665

-2,152

-256

1,664

-518

-484

-84

721

1,714

1,251

-1,722

-2,251

-1,259

-1,255

1,200

1,533

1,172

1,306

-1,128

-2,245

-2,401

-1,487

958

1,128

1,487

2,153

1,750

1,829

0

0

0

-

-

-

-

-

-

-

-

-

Comprehensive income (loss)

1,237

6,152

6,265

4,639

1,746

-1,824

-608

-167

1,755

3,743

935

1,018

1,332

1,913

3,000

2,297

-657

-1,097

-39

177

2,686

3,048

2,689

2,721

206

-1,001

-1,187

-182

2,267

2,441

1,929

2,320

1,900

2,050

0

0

0

-

-

-

-

-

-

-

-

-

Net Income (Loss) Per Common Share - Basic
Preferred stock dividends and accretion of discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-167

-186

-202

-53

-35

-16

0

0

0

Net income (loss) available to common stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

735

700

591

324

-520

-455

0

0

0

Income (loss) from continuing operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1.16

1.44

1.14

0.84

-1.76

0.53

0.98

1.00

0.36

0.79

0.34

0.79

0.52

0.21

-0.03

-2.30

0.51

Income (loss) from discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.10

0.00

0.00

0.00

-0.03

0.00

0.00

0.00

-0.01

0.01

0.09

0.07

0.24

-0.59

0.03

0.07

Basic (in dollars per share)

0.27

2.19

-0.81

1.80

1.23

1.89

2.27

1.76

1.68

3.70

1.89

1.84

1.93

0.83

2.02

1.37

0.87

1.15

0.91

1.37

1.17

1.35

1.69

1.52

1.25

1.32

1.28

1.19

0.89

1.16

1.54

1.14

0.84

-1.76

0.50

0.98

1.00

0.36

0.78

0.35

0.88

0.59

0.45

-0.62

-2.27

0.58

Net Income (Loss) Per Common Share - Diluted
Income (loss) from continuing operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1.15

1.41

1.09

0.82

-1.70

0.50

0.95

0.97

0.37

0.76

0.32

0.76

0.52

0.21

-0.03

-2.30

0.51

Income (loss) from discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.01

0.10

0.00

0.00

0.00

-0.03

0.00

0.00

0.00

-0.01

0.01

0.09

0.08

0.23

-0.59

0.03

0.07

Diluted (in dollars per share)

0.15

2.20

-0.83

1.79

1.22

1.82

2.24

1.70

1.64

3.65

1.87

1.81

1.89

0.85

2.00

1.35

0.83

1.14

0.87

1.35

1.15

1.33

1.65

1.48

1.21

1.28

1.23

1.15

0.86

1.14

1.51

1.09

0.82

-1.70

0.47

0.95

0.97

0.37

0.75

0.33

0.85

0.60

0.44

-0.62

-2.27

0.58

Cash Dividends Declared Per Common Share

0.40

0.40

0.37

0.37

0.37

0.37

0.33

0.33

0.33

0.33

0.29

0.29

0.29

0.29

0.25

0.25

0.25

0.25

0.20

0.20

0.20

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-