Lincoln National

Q2 FY2026 EarningsQ2 FY26 adjusted operating income of $2.24 per diluted share beat consensus of $1.96 by 14.3%, despite a slight revenue miss ($4.54B vs. $4.88B). Strong performance in Life Insurance and Retirement Plan Services, driven by favorable mortality and equity market growth, offset higher disability loss ratios in Group Protection. Holding company liquidity reached $903M (net of prefunding), and the adjusted book value per share rose to $79.45, reflecting solid capital execution.