Lincoln National Corporation is expected to report third-quarter 2026 revenue of approximately $4.98 billion, a 9.3% increase year-over-year, alongside a consensus EPS estimate of $1.96. The stock is currently trading around $41.63, roughly 12% below the average analyst price target of $47.25.
Investors are primarily focused on the operating margins of the Group Protection segment and the company's Risk-Based Capital (RBC) ratio following the October 1st closure of a major $5.8 billion reinsurance transaction. Recent results have been strong, with the company maintaining an eight-quarter streak of earnings beats as it executes a strategic pivot toward spread-based products and capital de-risking.
Analysts will also scrutinize management's updated outlook for free cash flow and subsidiary remittances following recent divestitures and reinsurance partnerships.