L
LNC
LNCUnverified5 segments tracked|7 years of data|Annual (10-K)
Total Revenue
$14.1B3.5%
FY2024
Operating Segments
5Active segments
Blended Margin
12.0%Operating margin
Highest Margin
149.9%Annuities
Segment Shift
Annuities has grown from 47.0% to 5.5% of total revenue since FY2018, with 149.9% operating margins.
Segment Revenue Over Time
Revenue Mix
Segment Breakdown — FY2024
| Segment | Revenue | Op. Income | Margin | % of Total | YoY |
|---|---|---|---|---|---|
| Life | $6.3B | $-63M | -1.0% | 44.7% | -9.0% |
| Group Protection | $5.7B | $425M | 7.4% | 40.6% | +2.7% |
| Retirement Plan Services | $1.3B | $163M | 12.8% | 9.1% | -2.4% |
| Annuities | $774M | $1.2B | 149.9% | 5.5% | +8.3% |
| Other Operations | $4M | $0 | 0.0% | 0.0% | +0.0% |
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