• Lincoln National average return on tangible equity for 2023 was -11.23, a 138.63% decline from 2022.
• Lincoln National average return on tangible equity for 2022 was 29.07, a 211.58% decline from 2021.
• Lincoln National average return on tangible equity for 2021 was 9.33, a 199.04% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.