Lincoln National Revenues And Revenue Growth From 2012 To 2016

This report provides the last five years revenues and revenue growth of Lincoln National Corp (LNC) from 2012 to 2016. Lincoln National generated a total of $13.3 billion revenues during 2016. Lincoln National reported a revenue growth of -1.8% year-over-year during 2016. The revenues and the revenue growth correspond to the fiscal year ending in December.

Lincoln National Revenues From 2012 To 2016

Here are the revenues and the revenue growth details of Lincoln National during the last five years:

  • Lincoln National generated a total of $11.5 billion revenues during 2012. Lincoln National reported a revenue growth of 8.4% year-over-year during 2012.
  • Lincoln National generated a total of $12 billion revenues during 2013. Lincoln National reported a revenue growth of 3.8% year-over-year during 2013.
  • Lincoln National generated a total of $13.6 billion revenues during 2014. Lincoln National reported a revenue growth of 13.2% year-over-year during 2014.
  • Lincoln National generated a total of $13.6 billion revenues during 2015. Lincoln National reported a revenue growth of 0.1% year-over-year during 2015.
  • Lincoln National generated a total of $13.3 billion revenues during 2016. Lincoln National reported a revenue growth of -1.8% year-over-year during 2016.

Why Analyze Revenue Growth?

Revenue growth is the most commonly analyzed financial metric. Revenue Growth is the percent increase (or decrease) of a company's revenue between two time periods. It is computed by using the following formula: ((revenues during the time period two - revenues during the time period one) / revenues during the time period one)*100. If the time periods are two consecutive years, then the revenue growth is referred to as the annual revenue growth year-over-year. If the time periods are two consecutive quarters, then the revenue growth is referred to as the quarterly revenue growth quarter-over-quarter. If the time periods refer to the same quarter in the two consecutive years, then the revenue growth is referred to as quarterly revenue growth year-over-year. In case the time periods are two non-consecutive years, then the revenue CAGR (Commutative Annual Growth Rate) is computed.

Revenue growth analysis is important for a number of reasons. First, it helps in understanding how a business is performing. If the revenue growth rates are positive, it means the business is performing well and the revenues are increasing. If the revenue growth rates are negative, it means the revenues are declining and the company needs to take measures to increase them. If they don't, the company will continue to shrink. Second, a company's historical revenue growth analysis along with the market size and market share analysis helps in forecasting the future revenues of a company. Third, a comparison of a company's growth rates with its competitors helps in determining who is winning more business. A revenue growth higher than the industry average translates into increasing market share. Companies with very high revenue growth rates have the potential to be the industry disrupters.

Lincoln National Ranking

With $13.3 billion revenues, Lincoln National ranked number 210 in the R&P Research list of top-3000 public companies in the US by revenues during 2016. Each one of the top-3000 companies generated more than $50 million of annual revenues during 2016.

The top-20 companies in the US by revenues during 2016 were:

  1. Walmart ($482.1 billion)
  2. ExxonMobil ($226.1 billion)
  3. Berkshire Hathaway ($223.6 billion)
  4. Apple ($215.6 billion)
  5. McKesson ($190.9 billion)
  6. UnitedHealth Group ($184.8 billion)
  7. CVS Health ($177.5 billion)
  8. General Motors ($166.4 billion)
  9. AT&T ($163.8 billion)
  10. Ford Motor ($151.8 billion)
  11. AmerisourceBergen ($146.8 billion)
  12. Amazon ($136 billion)
  13. Verizon ($126 billion)
  14. General Electric ($123.7 billion)
  15. Cardinal Health ($121.5 billion)
  16. Costco ($118.7 billion)
  17. Walgreens Boots Alliance ($117.4 billion)
  18. Chevron ($114.5 billion)
  19. Kroger ($109.8 billion)
  20. Express Scripts Holding ($100.3 billion)

For the purpose of performance benchmarking of a company with a sector or industry average, R&P Research associates every company with one sector and one industry. An industry consists of companies with related/similar business models. A sector comprises of a group of related/similar industries. For high-level analysis purposes, related/similar sectors are grouped into sector groups.

For example, Healthcare sector group is comprised of Life Sciences sector and Healthcare Services sector. Life Sciences sector is comprised of following industries: Pharmaceuticals; Medical Devices; Biotechnology; Diagnostics & Scientific Instruments. Healthcare Services sector is comprised of following industries: Drug Stores, PBM and Distributors; Healthcare Payers; Healthcare Providers; Medical Software; Healthcare Research Services.

Lincoln National is associated with Financials Sector Group, Insurance Sector, and Life Insurance Industry.

With $13.3 billion revenues, Lincoln National ranked number 24 of all the companies in the US Financials sector group. There were a total of 705 public companies in the US Financials sector group that had revenues greater than $50 million during 2016.

The top-10 companies in the US Financials sector group by revenues during 2016 were:

  1. Berkshire Hathaway ($223.6 billion)
  2. JPMorgan Chase ($95.7 billion)
  3. Wells Fargo ($84.5 billion)
  4. Bank of America ($83.7 billion)
  5. Citigroup ($69.9 billion)
  6. MetLife ($63.5 billion)
  7. Prudential Financial ($58.8 billion)
  8. AIG ($52.4 billion)
  9. Allstate ($36.5 billion)
  10. Morgan Stanley ($34.6 billion)

Financials sector group is comprised of the following sectors: Banking; Insurance; Financial Services; Real Estate & REITs.

With $13.3 billion revenues, Lincoln National ranked number 11 of all the companies in the US Insurance sector. There were a total of 101 public companies in the US Insurance sector that had revenues greater than $50 million during 2016.

The top-10 companies in the US Insurance sector by revenues during 2016 were:

  1. Berkshire Hathaway ($223.6 billion)
  2. MetLife ($63.5 billion)
  3. Prudential Financial ($58.8 billion)
  4. AIG ($52.4 billion)
  5. Allstate ($36.5 billion)
  6. Chubb ($31.5 billion)
  7. Travelers Companies ($27.6 billion)
  8. Progressive ($23.4 billion)
  9. Aflac ($22.6 billion)
  10. Hartford Financial Services Group ($18.3 billion)

Insurance sector is comprised of the following industries: Life Insurance; Property & Casualty Insurance; Surety & Title Insurance; Insurance Brokerage; Diversified Insurance. The definitions for each of the industries is as follows:

  • Life Insurance industry includes companies engaged principally in life insurance.
  • Property & Casualty Insurance industry includes companies engaged principally in accident, fire, automotive, marine, malpractice and other classes of non-life insurance.
  • Surety & Title Insurance industry includes companies providing title & surety insurance.
  • Insurance Brokerage industry includes insurance brokers and agencies.
  • Diversified Insurance industry includes companies with life, health, property & casualty, and reinsurance interests, none of which predominates.

With $13.3 billion revenues, Lincoln National ranked number 3 of all the companies in the US Life Insurance industry. There were a total of 14 public companies in the US Life Insurance industry that had revenues greater than $50 million during 2016.

The top-10 companies in the US Life Insurance industry by revenues during 2016 were:

  1. MetLife ($63.5 billion)
  2. Prudential Financial ($58.8 billion)
  3. Lincoln National ($13.3 billion)
  4. Reinsurance Group Of America ($11.5 billion)
  5. Voya Financial ($10.8 billion)
  6. Genworth Financial ($8.4 billion)
  7. Torchmark ($3.9 billion)
  8. American National Insurance ($3.2 billion)
  9. American Equity Investment Life ($2.2 billion)
  10. Primerica ($1.5 billion)

Companies Segmentation

To identify and analyze high/low growth or most/least profitable similar-size companies in different sectors or industries, R&P research classifies all companies into different segments based upon their revenues, revenue growth, and net profit margins.

Based upon their annual revenues, the companies are classified into one of the following four segments:

  1. Mega companies, having revenues greater than $50 billion.
  2. Very Large companies, having revenues between $10 billion and $50 billion.
  3. Large companies, having revenues between $1 billion and $10 billion.
  4. Mid-size companies, having revenues between $50 million and $1 billion.

With $13.3 billion revenues, Lincoln National was in the Very Large companies revenue segment during 2016. There were a total of 239 companies in the Very Large companies revenue segment during 2016.

Based upon their annual revenue growth, the companies are classified into one of the following eight segments:

  1. Very High positive growth companies, having annual revenue growth greater than 50%.
  2. High positive growth companies, having annual revenue growth between 20% and 50%.
  3. Medium positive growth companies, having annual revenue growth between 5% and 20%.
  4. Low positive growth companies, having annual revenue growth between 0% and 5%.
  5. Low negative growth companies, having annual revenue growth between -5% and 0%.
  6. Medium negative growth companies, having annual revenue growth between -20% and -5%.
  7. High negative growth companies, having annual revenue growth between -50% and -20%.
  8. Very High negative growth companies, having annual revenue growth less than -50%.

With -1.8% revenue growth year-over-year, Lincoln National was in the Low negative revenue growth segment during 2016. There were a total of 384 companies in the Low negative revenue growth segment during 2016. Of the US top-3000 companies, 1985 (nearly two-third of the total) had positive revenue growth and 1015 (nearly one-third of the total) had negative revenue growth during 2016.

Based upon their annual net profit margin, the companies are classified into one of the following eight segments:

  1. Very High positive margin companies, having net profit margin greater than 50%.
  2. High positive margin companies, having net profit margin between 20% and 50%.
  3. Medium positive margin companies, having net profit margin between 5% and 20%.
  4. Low positive margin companies, having net profit margin between 0% and 5%.
  5. Low negative margin companies, having net profit margin between -5% and 0%.
  6. Medium negative margin companies, having net profit margin between -20% and -5%.
  7. High negative margin companies, having net profit margin between -50% and -20%.
  8. Very High negative margin companies, having net profit margin less than -50%.

With a net margin of 8.9%, Lincoln National was in the Medium positive net profit margin segment during 2016. There were a total of 1086 companies in the Medium positive net profit margin segment during 2016. Of the US top-3000 companies, 2244 (nearly three-fourth of the total) had positive net profit margin and 756 (nearly one-fourth of the total) had negative net profit margin during 2016.

Company Business Summary

Lincoln National Corporation, through its subsidiaries, engages in the multiple insurance and retirement businesses in the United States. It operates through four segments: Annuities, Retirement Plan Services, Life Insurance, and Group Protection. The company sells a range of wealth protection, accumulation, and retirement income products and solutions. The company's products include fixed and indexed annuities, variable annuities, universal life insurance (UL), variable universal life insurance (VUL), linked-benefit UL, term life insurance, indexed universal life insurance, and employer-sponsored retirement plans and services, as well as group life, disability, and dental products. It also provides various plan investment vehicles, including individual and group variable annuities, group fixed annuities, and mutual fund-based programs; single and survivorship versions of UL and VUL, including corporate-owned UL and VUL, and bank-owned UL and VUL insurance products; and group non-medical insurance products, principally term life, universal life, disability, dental, vision, accident, and critical illness insurance to the employer market place through various forms of contributory and non-contributory plans. The company distributes its products through consultants, brokers, planners, agents, financial advisors, third-party administrators, and other intermediaries. Lincoln National Corporation was founded in 1904 and is headquartered in Radnor, Pennsylvania.

Data Source

The chart and the data on this page are sourced from the R&P Research Industry Intelligence Platform. The platform provides the key financial metrics for all the public companies in the United States. The platform empowers users to compare last five or 15 years financial data of a company with the other companies or the industry averages. This benchmarking exercise yields powerful insights that can drive better business decisions.


Industry Peers and Competitors of Lincoln National

MetLife (MET) Business Analysis – Analyze Historical Performance, Strategic Priorities, And...

MetLife Inc with $63 billion revenues in the year 2016 was the number 1 Life Insurance company. Read this report to know the top competitors of MetLife and identify growth and cost optimization opportunities of MetLife

Prudential Financial (PRU) Business Analysis – Analyze Historical Performance, Strategic Priorities,...

Prudential Financial Inc with $59 billion revenues in the year 2016 was the number 2 Life Insurance company. Read this report to know the top competitors of Prudential Financial and identify growth and cost optimization opportunities of Prudential Financial

Reinsurance Group Of America (RGA) Business Analysis – Analyze Historical Performance,...

Reinsurance Group Of America Inc with $12 billion revenues in the year 2016 was the number 4 Life Insurance company. Read this report to know the top competitors of Reinsurance Group Of America and identify growth and cost optimization opportunities of Reinsurance Group Of America

Voya Financial (VOYA) Business Analysis – Analyze Historical Performance, Strategic Priorities,...

Voya Financial, Inc. with $11 billion revenues in the year 2016 was the number 5 Life Insurance company. Read this report to know the top competitors of Voya Financial and identify growth and cost optimization opportunities of Voya Financial

Genworth Financial (GNW) Business Analysis – Analyze Historical Performance, Strategic Priorities,...

Genworth Financial Inc with $8 billion revenues in the year 2016 was the number 6 Life Insurance company. Read this report to know the top competitors of Genworth Financial and identify growth and cost optimization opportunities of Genworth Financial

Torchmark (TMK) Business Analysis – Analyze Historical Performance, Strategic Priorities, And...

Torchmark Corp with $4 billion revenues in the year 2016 was the number 7 Life Insurance company. Read this report to know the top competitors of Torchmark and identify growth and cost optimization opportunities of Torchmark

Revenues Analysis

Lincoln National (LNC) Revenues And Revenue Growth From 2012 To 2016

This report provides the last five years revenues and revenue growth of Lincoln National Corp (LNC) from 2012 to 2016. Lincoln National generated a total of $13.3 billion revenues during 2016. Lincoln National reported a revenue growth of -1.8% year-over-year during 2016. The revenues and the revenue growth correspond to the fiscal year ending in December.

Lincoln National (LNC) Revenues And Revenue Growth From 2002 To 2016

This report provides the last fifteen years revenues and revenue growth of Lincoln National Corp (LNC) from 2002 to 2016. Lincoln National generated a total of $13.3 billion revenues during 2016. Lincoln National reported a revenue growth of -1.8% year-over-year during 2016. The revenues and the revenue growth correspond to the fiscal year ending in December.

Lincoln National (LNC) Revenue Growth Comparison With Industry Growth From 2012...

This report provides a comparison of Lincoln National Corp (LNC) revenue growth with Life Insurance industry growth during the last five years from 2012 to 2016. Lincoln National reported a revenue growth of -1.8% year-over-year during 2016. The Life Insurance industry growth was -1.7% year-over-year during 2016. Lincoln National growth was slower than the industry during 2016.

Profit Analysis

Lincoln National (LNC) Net Profit And Net Margin From 2012 To...

This report provides the last five years net profit and net margin of Lincoln National Corp (LNC) from 2012 to 2016. Lincoln National reported a total net income of $1.2 billion during 2016. Lincoln National generated a total of $13.3 billion revenues during 2016. Lincoln National net profit margin was 8.9% during 2016. The net profit and the net profit margin correspond to the fiscal year ending in December.

Lincoln National (LNC) Net Profit And Net Margin From 2002 To...

This report provides the last fifteen years net profit and net margin of Lincoln National Corp (LNC) from 2002 to 2016. Lincoln National reported a total net income of $1.2 billion during 2016. Lincoln National generated a total of $13.3 billion revenues during 2016. Lincoln National net profit margin was 8.9% during 2016. The net profit and the net profit margin correspond to the fiscal year ending in December.

Lincoln National (LNC) Net Profit Margin Comparison With Industry From 2012...

This report provides a comparison of Lincoln National Corp (LNC) net profit margin with Life Insurance industry net profit margin during the last five years from 2012 to 2016. Lincoln National reported a net profit margin of 8.9% during 2016. The Life Insurance industry net profit margin was 4.3% during 2016. Lincoln National was more profitable than the industry during 2016.

Cost & Expenses Analysis

Lincoln National (LNC) Cost of Sales (COGS) Analysis From 2012 To...

This report provides the last five years cost of sales (COGS) analysis of Lincoln National Corp (LNC) from 2012 to 2016. Lincoln National spent a total of $11.5 billion on COGS during 2016. Lincoln National generated a total of $13.3 billion revenues during 2016. As a percentage of revenues, Lincoln National spent 86.5% of its total revenues on COGS during 2016. The cost of sales (COGS) numbers are for the fiscal year ending in December.

Lincoln National (LNC) Research & Development (R&D) Spending Analysis 2016

R&D spending analysis for Lincoln National is not available because either the company does not provide the data or we don't have it.

Lincoln National (LNC) Sales, Marketing, General & Administrative (SG&A) Spending Analysis...

SG&A spending analysis for Lincoln National is not available because either the company does not provide the data or we don't have it.

Working Capital Analysis

Lincoln National (LNC) Inventory Spending Analysis 2016

Inventory spending analysis for Lincoln National is not available because either the company does not provide the data or we don't have it.

Lincoln National (LNC) Accounts Receivable (A/R) Analysis From 2012 To 2016

This report provides the last five years Accounts Receivable (A/R) analysis of Lincoln National Corp (LNC) from 2012 to 2016. Lincoln National invested a total of $5.7 billion on accounts receivable during 2016. Lincoln National generated a total of $13.3 billion revenues during 2016. As a percentage of revenues, Lincoln National invested 42.7% of its total revenues on accounts receivable during 2016. The accounts receivable numbers are for the fiscal year ending in December.

Lincoln National (LNC) Accounts Payable (A/P) Analysis From 2012 To 2016

This report provides the last five years Accounts Payable (A/P) analysis of Lincoln National Corp (LNC) from 2012 to 2016. Lincoln National invested a total of $5 billion on accounts payable during 2016. Lincoln National generated a total of $13.3 billion revenues during 2016. As a percentage of revenues, Lincoln National invested 37.5% of its total revenues on accounts payable activities during 2016. The accounts payable numbers are for the fiscal year ending in December.

Asset Management Analysis

Lincoln National (LNC) Property, Plant & Equipment (PP&E) Investment Analysis 2016

PPE Investment analysis for Lincoln National is not available because either the company does not provide the data or we don't have it.

Lincoln National (LNC) Intangible Assets Analysis From 2012 To 2016

This report provides the last five years Intangible assets analysis of Lincoln National Corp (LNC) from 2012 to 2016. Lincoln National invested a total of $2.3 billion on Intangible assets during 2016. Lincoln National generated a total of $13.3 billion revenues during 2016. As a percentage of revenues, Lincoln National invested 17.1% of its total revenues on intangible assets during 2016. The Intangible asset numbers are for the fiscal year ending in December.

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