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Corebridge Financial vs Lincoln National

Corebridge Financial and Lincoln National are similar in size: $18.48bn and $18.21bn of revenue in their latest fiscal years. Corebridge Financial grew faster (-1.2% against -1.2%). Lincoln National kept more of each dollar of sales as profit: a net margin of 6.5% against -2.0%. Lincoln National carries less debt relative to equity (57.5% against 82.6%).

Latest fiscal yearCorebridge FinancialCRBG, 2025Lincoln NationalLNC, 2025
Revenue $18.48bn $18.21bn
Revenue growth -1.2% -1.2%
Net income −$366m $1.18bn
Operating margin — —
Net margin -2.0% 6.5%
Return on equity -3.0% 12.3%
Free cash flow — —
Cash $453m $9.50bn
Total debt $10.91bn $6.27bn
Debt to equity 82.6% 57.5%
Dividend per share — $1.80
Dividend yield 3.0% —
Share buybacks $2.12bn —
Employees 4,800 9,423
Market value $16.03bn $8.08bn
Price vs our value range — —
Moat score — 21 (Weak)
Insider trades, 12 months 43 buys, 6 sales 4 buys, 8 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.