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LINCOLN NATIONAL CORP (LNC)
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| Income Statement |
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Annual | Quarterly | TTM |
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| In millions, except per share items | Jun-30-23 | Mar-31-23 | Dec-31-22 | Sep-30-22 | Jun-30-22 | Mar-31-22 | Dec-31-21 | Sep-30-21 |
| | 10-Q | 10-Q | 8-K | 8-K | 10-Q | 10-Q | 10-K | 10-Q |
| Total revenues | 3,120.0 | 3,045.0 | 3,841.0 | 4,672.0 | 2,896.0 | 2,888.0 | 2,864.0 | 2,970.0 |
| Revenue growth | 7.7% | 5.4% | 34.1% | 57.3% | -2.9% | -1.0% | -0.2% | 8.0% |
| Loss and loss adjustment expenses | 2,192.0 | 2,291.0 | | | 1,954.0 | 2,156.0 | 2,251.0 | 2,122.0 |
| Policy acquisition costs | 247.0 | 245.0 | 744.0 | 726.0 | 241.0 | 239.0 | | |
| Investment expenses | | | | | | | | |
| Other operating expenses | 79.0 | 1,679.0 | 2,035.0 | 6,001.0 | -331.0 | -1,342.0 | 377.0 | 480.0 |
| Equity in earnings | | | | | | | | |
| EBITDA | | | | | | | | |
| Depreciation | | | | | | | | |
| EBIT | 598.0 | -1,197.0 | 1,062.0 | -1,421.0 | 1,027.0 | 1,699.0 | 284.0 | -1,903.0 |
| EBIT margin | 19.2% | -39.3% | 27.6% | -30.4% | 35.5% | 58.8% | 9.9% | -64.1% |
| Interest expense | 0.0 | 0.0 | 77.0 | 71.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Interest expense | | | 77.0 | 71.0 | | | | |
| Other income (expense), net | 4.0 | 27.0 | | | 5.0 | 136.0 | -48.0 | |
| Pre-tax income | 602.0 | -1,170.0 | 985.0 | -2,126.0 | 1,032.0 | 1,835.0 | 236.0 | 368.0 |
| Income taxes | 91.0 | -289.0 | 0.0 | 0.0 | 192.0 | 353.0 | 16.0 | 50.0 |
| Tax rate | 15.1% | 24.7% | 0.0% | 0.0% | 18.6% | 19.2% | 6.8% | 13.6% |
| Net income | 511.0 | -881.0 | 0.0 | 0.0 | 840.0 | 1,482.0 | 220.0 | 318.0 |
| Net margin | 16.4% | -28.9% | 0.0% | 0.0% | 29.0% | 51.3% | 7.7% | 10.7% |
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| Basic EPS | $3.01 | ($5.20) | | | $4.91 | $8.51 | $1.17 | $1.70 |
| Diluted EPS | $3.00 | ($5.17) | | | $4.86 | $8.40 | $1.16 | $1.68 |
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| Shares outstanding (basic) | 169.6 | 169.4 | | | 171.1 | 174.2 | 187.4 | 187.3 |
| Shares outstanding (diluted) | 170.5 | 170.5 | | | 172.7 | 176.4 | 189.1 | 189.1 |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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