Lincoln National Corporation (LNC) saw its stock soaring 5.29% in pre-market trading on Thursday following the release of its impressive second-quarter 2025 financial results. The company's performance significantly exceeded analyst expectations, demonstrating robust growth across several key metrics.

Lincoln National reported a net income of $688 million, or $3.80 per diluted share, for the quarter ended June 30, 2025. This figure substantially surpassed the mean expectation of $348.6 million from analysts polled by IBES. The company's adjusted operating income available to common stockholders stood at $427 million, or $2.36 per diluted share, markedly higher than the $1.89 per share consensus forecast by Wall Street analysts.

While the company's revenue for the quarter decreased to $4.04 billion from $5.15 billion a year earlier, investors appeared to focus on the strong bottom-line performance. The positive results were driven by several factors, including a record quarter for earnings in the Group Protection segment and the highest-ever margin in this division. Additionally, the Annuities segment reported sales of $4.0 billion, marking a 5% increase year over year, with spread-based products accounting for 66% of total sales. The company also highlighted a recently closed transaction with Bain Capital, which is expected to accelerate Lincoln's strategic priorities and contribute to long-term value creation.