Invesaro

Stocks Comparison

Lincoln National vs Reinsurance Group of America: revenue, profit, margins and growth compared

Lincoln National brought in $18.2B of revenue in fiscal 2025, Reinsurance Group of America $23.7B in fiscal 2025. Revenue changed by -1.2% at Lincoln National and +7.2% at Reinsurance Group of America on the year before, so Reinsurance Group of America grew faster. Lincoln National kept 6.5% of its revenue as net profit, Reinsurance Group of America 5.0%.

Side by side, latest fiscal year

LNCRGA
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$18.2B$23.7B
Revenue growth-1.2%+7.2%
Net income$1.2B$1.2B
Net margin6.5%5.0%
Free cash flown/an/a
Free cash flow marginn/an/a
Earnings per share (diluted)$5.83$17.69
Cash$9.5B$4.2B
Debt$5.9B$5.7B
Price to earnings7.214.1
Market value$8B$16.2B
Dividend yield4.32%1.46%
Rank by revenue in sector#35 of 444 · Finance#27 of 444 · Finance

Over the years

Revenue
LNC FY2018: $16.4BLNC FY2019: $17.3BLNC FY2020: $17.4BLNC FY2021: $17.7BLNC FY2022: $18.8BLNC FY2023: $11.6BLNC FY2024: $18.4BLNC FY2025: $18.2BRGA FY2018: $12.9BRGA FY2019: $14.3BRGA FY2020: $14.6BRGA FY2021: $16.7BRGA FY2022: $16.2BRGA FY2023: $18.6BRGA FY2024: $22.1BRGA FY2025: $23.7BFY18FY19FY20FY21FY22FY23FY24FY25
LNC $18.2BRGA $23.7B
Net income
LNC FY2018: $1.6BLNC FY2019: $886MLNC FY2020: $499MLNC FY2021: $3.8BLNC FY2022: $1.4BLNC FY2023: -$752MLNC FY2024: $3.3BLNC FY2025: $1.2BRGA FY2018: $716MRGA FY2019: $870MRGA FY2020: $415MRGA FY2021: $1.2BRGA FY2022: $517MRGA FY2023: $902MRGA FY2024: $717MRGA FY2025: $1.2BFY18FY19FY20FY21FY22FY23FY24FY25
LNC $1.2BRGA $1.2B
Net margin
LNC FY2018: 10.0%LNC FY2019: 5.1%LNC FY2020: 2.9%LNC FY2021: 21.3%LNC FY2022: 7.2%LNC FY2023: -6.5%LNC FY2024: 17.8%LNC FY2025: 6.5%RGA FY2018: 5.6%RGA FY2019: 6.1%RGA FY2020: 2.8%RGA FY2021: 7.0%RGA FY2022: 3.2%RGA FY2023: 4.9%RGA FY2024: 3.2%RGA FY2025: 5.0%FY18FY19FY20FY21FY22FY23FY24FY25
LNC 6.5%RGA 5.0%
Revenue growth
LNC FY2019: +5.1%LNC FY2020: +1.0%LNC FY2021: +1.6%LNC FY2022: +6.2%LNC FY2023: -38.1%LNC FY2024: +58.4%LNC FY2025: -1.2%RGA FY2019: +11.1%RGA FY2020: +2.1%RGA FY2021: +14.2%RGA FY2022: -2.6%RGA FY2023: +14.4%RGA FY2024: +19.1%RGA FY2025: +7.2%FY19FY20FY21FY22FY23FY24FY25
LNC -1.2%RGA +7.2%
Free cash flow
RGA FY2018: $1.6BRGA FY2019: $2.3BRGA FY2020: $3.3BRGA FY2021: $4.2BRGA FY2022: $1.3BFY18FY19FY20FY21FY22
LNCRGA $1.3B

Fiscal years as each company reports them; the two may end in different months.

Questions about Lincoln National and Reinsurance Group of America

Which is bigger by revenue, Lincoln National or Reinsurance Group of America?

Reinsurance Group of America is bigger by revenue: $23.7B in fiscal 2025, against $18.2B for Lincoln National in fiscal 2025.

Which keeps more of its revenue as profit, Lincoln National or Reinsurance Group of America?

Lincoln National had a net margin of 6.5% in fiscal 2025; Reinsurance Group of America had 5.0% in fiscal 2025.

Which grew revenue faster, Lincoln National or Reinsurance Group of America?

In their latest fiscal years revenue changed by -1.2% at Lincoln National and +7.2% at Reinsurance Group of America.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

More comparisons

Compare more companies