Lincoln National Q2 earnings beat estimates on higher investment gains and lower costs

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Summary · why it matters

Lincoln National Corporation reported second-quarter 2026 adjusted earnings per share of $2.24, surpassing the Zacks Consensus Estimate by 12%. Adjusted operating revenues grew 4.2% year over year to $4.93 billion, also beating estimates. The results were driven by higher net investment income, lower expenses, and improved profitability in the Life Insurance and Retirement Plan Services segments, though partly offset by lower sales in Annuities and Group Protection. Net income surged 90.6% to $1.3 billion, and the estimated RBC ratio remained above 420%.

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