Lincoln National Debt to Equity Ratio 2012-2025 | LNC

Current and historical debt to equity ratio values for Lincoln National (LNC) over the last 10 years. The debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity. Lincoln National debt/equity for the three months ending September 30, 2025 was 0.61.
Lincoln National Debt/Equity Ratio Historical Data
Date Long Term Debt Shareholder's Equity Debt to Equity Ratio
2025-09-30 $404.82B $10.45B 38.73
2025-06-30 $389.52B $9.55B 40.80
2025-03-31 $374.71B $8.19B 45.74
2024-12-31 $382.56B $8.27B 46.27
2024-09-30 $387.83B $9.01B 43.03
2024-06-30 $376.58B $7.95B 47.38
2024-03-31 $375.84B $7.55B 49.81
2023-12-31 $365.52B $6.89B 53.03
2023-09-30 $335.21B $3.20B 104.79
2023-06-30 $342.79B $5.82B 58.91
2023-03-31 $336.41B $6.73B 49.97
2022-12-31 $329.23B $5.10B 64.53
2022-09-30 $322.47B $2.22B 145.45
2022-06-30 $326.58B $9.19B 35.54
2022-03-31 $351.22B $14.71B 23.87
2021-12-31 $366.19B $20.75B 17.64
2021-09-30 $355.88B $21.17B 16.81
2021-06-30 $358.40B $21.75B 16.48
2021-03-31 $347.17B $19.59B 17.72
2020-12-31 $343.25B $22.70B 15.12
2020-09-30 $326.26B $21.55B 15.14
2020-06-30 $318.93B $20.73B 15.38
2020-03-31 $302.07B $16.58B 18.23
2019-12-31 $315.07B $19.69B 16.00
2019-09-30 $305.28B $20.00B 15.27
2019-06-30 $303.80B $18.46B 16.46
2019-03-31 $297.88B $16.42B 18.15
2018-12-31 $283.80B $14.35B 19.78
2018-09-30 $288.78B $15.07B 19.16
2018-06-30 $283.66B $15.18B 18.69
2018-03-31 $263.25B $15.99B 16.47
2017-12-31 $264.44B $17.32B 15.27
2017-09-30 $260.47B $16.31B 15.97
2017-06-30 $255.66B $16.00B 15.98
2017-03-31 $252.50B $14.97B 16.86
2016-12-31 $247.15B $14.48B 17.07
2016-09-30 $250.28B $16.32B 15.33
2016-06-30 $247.11B $15.92B 15.52
2016-03-31 $241.06B $14.66B 16.45
2015-12-31 $238.29B $13.62B 17.50
2015-09-30 $235.13B $14.40B 16.33
2015-06-30 $240.52B $14.70B 16.36
2015-03-31 $242.26B $16.22B 14.93
2014-12-31 $237.64B $15.74B 15.10
2014-09-30 $232.99B $15.45B 15.08
2014-06-30 $233.67B $15.45B 15.12
2014-03-31 $227.46B $14.49B 15.70
2013-12-31 $223.49B $13.45B 16.61
2013-09-30 $216.54B $13.39B 16.17
2013-06-30 $210.00B $13.32B 15.77
2013-03-31 $209.48B $14.86B 14.10
2012-12-31 $203.90B $14.97B 13.62
2012-09-30 $200.22B $15.24B 13.14
2012-06-30 $196.93B $14.18B 13.89
2012-03-31 $194.76B $13.26B 14.69
2011-12-31 $188.39B $13.10B 14.38
2011-09-30 $182.83B $14.92B 12.26
2011-06-30 $187.97B $13.59B 13.84
2011-03-31 $185.23B $13.09B 14.15
2010-12-31 $181.02B $12.81B 14.14
2010-09-30 $176.93B $13.56B 13.05
2010-06-30 $167.49B $12.64B 13.25
2010-03-31 $169.25B $12.37B 13.69
2009-12-31 $165.73B $11.70B 14.17
2009-09-30 $169.83B $11.66B 14.57
2009-06-30 $157.97B $9.08B 17.41
2009-03-31 $150.10B $7.32B 20.50
2008-12-31 $155.16B $7.98B 19.45
2008-09-30 $163.77B $9.50B 17.24
2008-06-30 $173.78B $10.50B 16.55
2008-03-31 $174.26B $11.09B 15.72
2007-12-31 $179.72B $11.72B 15.34
2007-09-30 $180.25B $11.96B 15.07
2007-06-30 $175.81B $11.84B 14.85
2007-03-31 $169.29B $12.03B 14.07
2006-12-31 $166.29B $12.20B 13.63
2006-09-30 $159.68B $12.04B 13.26
2006-06-30 $155.98B $11.40B 13.68
2006-03-31 $122.06B $6.34B 19.26
2005-12-31 $118.48B $6.38B 18.56
2005-09-30 $115.82B $6.28B 18.43
2005-06-30 $112.59B $6.36B 17.69
2005-03-31 $110.31B $6.04B 18.25
2004-12-31 $110.04B $6.18B 17.82
2004-09-30 $104.41B $5.97B 17.49
2004-06-30 $103.80B $5.52B 18.81
2004-03-31 $103.73B $6.14B 16.88
2003-12-31 $100.93B $5.81B 17.37
2003-09-30 $95.24B $5.59B 17.05
2003-06-30 $93.72B $5.82B 16.11
2003-03-31 $87.05B $5.45B 15.97
2002-12-31 $87.84B $5.35B 16.43
2002-09-30 $85.05B $5.39B 15.78
2002-06-30 $89.76B $5.31B 16.91
2002-03-31 $92.72B $5.13B 18.07
2001-12-31 $92.74B $5.26B 17.62
2001-09-30 $84.84B $5.37B 15.80
2001-06-30 $91.38B $5.06B 18.07
2001-03-31 $89.03B $5.10B 17.47
2000-12-31 $94.89B $4.95B 19.15
2000-09-30 $98.70B $4.54B 21.75
2000-06-30 $99.63B $4.22B 23.59
2000-03-31 $102.00B $4.34B 23.50
1999-12-31 $98.83B $4.26B 23.18
1999-09-30 $91.84B $4.66B 19.70
1999-06-30 $93.44B $4.82B 19.40
1999-03-31 $90.24B $5.11B 17.67
1998-12-31 $88.45B $5.39B 16.42
1998-09-30 $79.08B $5.53B 14.31
1998-06-30 $83.21B $5.15B 16.16
1998-03-31 $82.83B $5.05B 16.39
1997-12-31 $72.19B $4.98B 14.49
1997-09-30 $75.32B $4.64B 16.23
1997-06-30 $72.31B $4.49B 16.12
1997-03-31 $67.72B $4.28B 15.82
1996-12-31 $67.24B $4.47B 15.04
1996-09-30 $62.95B $4.29B 14.68
1996-06-30 $61.90B $4.18B 14.80
1996-03-31 $60.12B $4.15B 14.50
1995-12-31 $58.75B $4.38B 13.42
1995-09-30 $56.33B $4.35B 12.95
1995-06-30 $53.96B $4.19B 12.89
1995-03-31 $48.68B $3.65B 13.33
1994-12-31 $46.29B $3.04B 15.22
1994-09-30 $45.92B $3.32B 13.82
1994-06-30 $44.47B $3.35B 13.28
1994-03-31 $43.14B $3.60B 11.97
1993-12-31 $44.31B $4.07B 10.88
1993-09-30 $43.27B $3.37B 12.83
1993-06-30 $40.13B $3.24B 12.39
1993-03-31 $39.25B $3.18B 12.36
1992-12-31 $36.72B $2.83B 12.99
1992-09-30 $35.63B $2.91B 12.26
1992-06-30 $34.15B $2.79B 12.26
1992-03-31 $32.83B $2.73B 12.01
1991-12-31 $31.31B $2.78B 11.28
1991-09-30 $29.99B $2.68B 11.18
1991-06-30 $28.30B $2.61B 10.86
1991-03-31 $27.03B $2.46B 10.98
1990-12-31 $25.18B $2.39B 10.52
1990-09-30 $24.41B $2.31B 10.57
1990-06-30 $23.73B $2.35B 10.12
1990-03-31 $23.55B $2.36B 9.96
1989-12-31 $22.65B $2.39B 9.47
1989-09-30 $22.31B $2.35B 9.51
1989-06-30 $20.98B $2.27B 9.25
1989-03-31 $19.81B $2.23B 8.90
1988-12-31 $19.02B $2.18B 8.72
1988-09-30 $18.43B $2.21B 8.34
1988-06-30 $17.29B $2.26B 7.65
1988-03-31 $16.40B $2.23B 7.35
1987-12-31 $15.79B $2.20B 7.19
1987-09-30 $0.02B $0.00B 0.00
1987-06-30 $15.23B $2.29B 6.65
1987-03-31 $14.78B $2.31B 6.40
1986-12-31 $14.03B $2.20B 6.39
Sector Industry Market Cap Revenue
Finance Life Insurance Providers $7.656B $18.442B
Lincoln National Corp. is a diversified life insurance and investment management company. Operating under the name of Lincoln Financial Group, the company's primary subsidiaries are Lincoln National Life Insurance Company (LNL), First Penn-Pacific Life Insurance Company, Lincoln Life & Annuity Company of New York, Delaware Management Holdings Inc., Lincoln National (U.K.) Plc, Lincoln Financial Advisors (LFA), and Lincoln Financial Distributors (LFD).
Stock Name Country Market Cap PE Ratio
AIA (AAGIY) Hong Kong, SAR China $115.389B 0.00
Manulife Financial Corp (MFC) Canada $63.800B 12.85
Sun Life Financial (SLF) Canada $36.113B 12.76
Aviva (AVVIY) United Kingdom $27.413B 0.00
NN Group (NNGRY) Netherlands $21.311B 0.00
Reinsurance Group Of America (RGA) United States $14.809B 9.20
Primerica (PRI) United States $8.805B 12.63
Jackson Financial (JXN) United States $8.135B 5.76
Voya Financial (VOYA) United States $7.223B 8.49
F&G Annuities & Life (FG) United States $3.821B 7.41
Brighthouse Financial (BHF) United States $3.644B 3.54
Genworth Financial (GNW) United States $3.606B 25.08
Baldwin Insurance (BWIN) United States $2.322B 16.87
Abacus Life (ABL) United States $0.828B 11.15
Kansas City Life Insurance (KCLI) United States $0.317B 0.00
Citizens (CIA) United States $0.300B 20.62
Security National Financial (SNFCA) United States $0.232B 12.19
UTG (UTGN) United States $0.164B 5.73
GoHealth (GOCO) United States $0.057B 3.83