Sifting through countless of stocks in the Insurance industry can be tedious, and sometimes two stocks are just too similar to judge which is the better investment. If you’re on the fence about investing in Aegon Ltd. or Lincoln National Corporation because you’re not sure how they measure up, it’s important to compare them on a few factors before making your decision.

Read on to learn how Aegon Ltd. and Lincoln National Corporation compare based on key financial metrics to determine which better meets your investment needs.

About Aegon Ltd. and Lincoln National Corporation

Aegon Ltd. provides insurance services in the Americas, the Netherlands, the United Kingdom, and internationally. It offers retirement plans, mutual funds, and unit-linked products; and annuities, life, and health insurance. The company provides its products under the Transamerica and World Financial Group brands. Aegon Ltd. was founded in 1844 and is based in Schiphol, the Netherlands.

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The Life Insurance segment provides life insurance products, including term insurance, universal life insurance (UL), indexed universal life insurance, variable universal life insurance (VUL), linked-benefit UL and VUL products, and critical illness and long-term care riders. Its Annuities segment offers variable, fixed, and registered index-linked annuities. The Group Protection segment offers group nonmedical insurance products consisting of short and long-term disability and administration services, statutory disability; paid family medical leave administration and absence management services; term life; life; supplemental health insurance; accident, critical illness, and hospital indemnity benefits and dental and vision products to the employer marketplace through various forms of employee-paid and employer-paid plans. Its Retirement Plan Services segment provides employers with retirement plan products and services primarily in the defined contribution retirement plan marketplace; individual and group variable annuities, group fixed annuities, and mutual fund-based programs; and various plan services, including plan recordkeeping, compliance testing, participant education, and trust and custodial services. It distributes its products through consultants, brokers, planners, agents, financial advisors, third-party administrators, financial institutions, and other intermediaries. Lincoln National Corporation was founded in 1905 and is headquartered in Radnor, Pennsylvania.

Latest Insurance and Aegon Ltd., Lincoln National Corporation Stock News

As of September 14, 2026, Aegon Ltd. had a $13.5 billion market capitalization, compared to the Insurance median of $6.8 million. Aegon Ltd.’s stock is up 17.1% in 2026, down 1% in the previous five trading days and up 18.12% in the past year.

Currently, Aegon Ltd.’s price-earnings ratio is 12.4. Aegon Ltd.’s trailing 12-month revenue is $13.3 billion with a 8.6% net profit margin. Year-over-year quarterly sales growth most recently was -10.7%. There are no analysts providing consensus earnings estimates for the current fiscal year. Aegon Ltd. currently has a 5.4% dividend yield.

As of September 14, 2026, Lincoln National Corporation had a $8.4 billion market cap, putting it in the 75th percentile of all stocks. Lincoln National Corporation’s stock is down 2.4% in 2026, up 0.4% in the previous five trading days and up 4.48% in the past year.

Currently, Lincoln National Corporation’s price-earnings ratio is 3.8. Lincoln National Corporation’s trailing 12-month revenue is $19.4 billion with a 12.2% net profit margin. Year-over-year quarterly sales growth most recently was 12.6%. Analysts expect adjusted earnings to reach $7.899 per share for the current fiscal year. Lincoln National Corporation currently has a 4.1% dividend yield.

How We Compare Aegon Ltd. and Lincoln National Corporation Stock Grades

Stock evaluation requires access to huge amounts of data and the knowledge and time to sift through it all, make sense of financial ratios, read income statements and analyze recent stock movements. AAII created A+ Investor, a robust data suite that condenses data research in an actionable and customizable way suitable for investors of all knowledge levels, to help investors streamline and work through such data.

AAII’s proprietary stock grades come with A+ Investor. These offer intuitive A‐F grades for each of five key investing factors: value, growth, momentum, earnings estimate revisions and quality. Here, we’ll take a closer look at Aegon Ltd. and Lincoln National Corporation’s stock grades to see how they measure up against one another.

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Aegon Ltd. and Lincoln National Corporation Stock Value Grades

Company	Ticker	Value
Aegon Ltd.	AEG	A
Lincoln National Corporation	LNC	A

Successful stock investing involves buying low and selling high, so stock valuation is an important consideration for stock selection.

Buying stocks that are going to go up typically means buying stocks that are undervalued in the first place, although momentum investors may argue that point.

AAII’s A+ Investor Value Grade derives from a stock’s value score. The Value Score is the percentile rank of the average of the percentile ranks of the price-to-sales ratio, price-earnings ratio, enterprise-value-to-EBITDA (EV/EBITDA) ratio, shareholder yield, price-to-book-value ratio and price-to-free-cash-flow ratio. The score is variable, meaning it can consider all six ratios or, should any of the six ratios not be valid, the remaining ratios that are valid. To be assigned a Value Score, stocks must have a valid (non-null) ratio and corresponding ranking for at least two of the six valuation ratios.

Stocks with a Value Score from 81 to 100 are considered deep value, those with a score between 61 and 80 are a good value and so on.

Aegon Ltd. has a Value Score of 88, which is Deep Value. Lincoln National Corporation has a Value Score of 94, which is Deep Value.

The Value Stock Winner: It’s a Tie!

Looking at the Value Grade breakdown above, both Aegon Ltd. and Lincoln National Corporation have a Value Grade of A. For investors who focus solely on a company’s valuation, you will need to conduct further research into both of these companies’ other metrics to see if they could be good additions to your portfolio. It’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Aegon Ltd. and Lincoln National Corporation’s Momentum Grades

Company	Ticker	Momentum
Aegon Ltd.	AEG	C
Lincoln National Corporation	LNC	B

Momentum grades help to uncover stocks experiencing anomalously high rates of return; research finds that stocks with high relative levels of momentum tend to outperform, whereas those with low levels of momentum tend to continue underperforming. Momentum is based on the price change of a stock over a specified period relative to all other stocks.

Typically, AAII looks at the weighted relative strength over the trailing four quarters. The weighted four-quarter relative strength rank is the relative price change for each of the past four quarters. The most recent quarterly price change is given a weight of 40% and each of the three previous quarters are given a weighting of 20%.

Aegon Ltd. has a Momentum Score of 59, which is Average. Lincoln National Corporation has a Momentum Score of 62, which is Strong.

The Momentum Grade Winner: Lincoln National Corporation

As you can clearly see from the Momentum Grade breakdown above, Lincoln National Corporation is considered to have stronger momentum compared to Aegon Ltd.. For those specifically looking for companies that have stronger momentum compared to other companies in the same industry, Lincoln National Corporation could be a good stock to invest in. However, it’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Aegon Ltd. and Lincoln National Corporation’s Estimate Revisions Grades

Company	Ticker	Earnings Estimate
Aegon Ltd.	AEG	na
Lincoln National Corporation	LNC	C

Earnings estimate revisions scores consider the magnitude of a company’s earnings surprise in its last two reported fiscal quarters. Often, positive surprises beget further positive surprises‐or at least continued sales growth (the exact opposite is generally true, too).

Estimate revisions offer an indication of what analysts are thinking about the short-term prospects of a firm. Estimate revisions are based on the statistical significance of a firm’s last two quarterly earnings surprises and the percentage change in its consensus estimate for the current fiscal year over the past month and past three months.

Aegon Ltd. does not have a meaningful Earnings Estimate Score. Lincoln National Corporation has a Earnings Estimate Score of 60, which is Neutral.

The Earnings Estimate Revisions Stock Winner: No Clear Winner

Neither Aegon Ltd. or Lincoln National Corporation has an Earnings Estimate Revisions Grade that could be considered a “winner.” Investors considering these companies should do additional due diligence and research to see if either could be a good addition to their portfolios. It’s important to look at a wide range of financial metrics in order to determine if Aegon Ltd. or Lincoln National Corporation is the better investment when it comes to estimate revisions.

Other Aegon Ltd. and Lincoln National Corporation Grades

In addition to Estimate Revisions, Momentum and Value, A+ Investor also provides grades for Growth and Quality.

Growth investing builds on the idea that stocks of companies exhibiting strong, consistent and prolonged growth outperform those of slower-growth companies. AAII measures growth through consistency of annual sales growth, five-year sales growth rankings adjusted for extreme levels, and consistency of positive annual cash from operations.

AAII’s A+ Investor Quality Grade comes from the ranking of key metrics. Specifically, the quality grade is the percentile rank of the composite of return on assets (ROA), return on invested capital (ROIC), gross profit relative to assets, buyback yield, change in total liabilities to assets, accruals, Z double prime bankruptcy risk (Z) score and F-Score.

These 2 key factors, when combined with the above, provide a holistic view into a particular stock. Further, by joining A+ Investor you can see whether Aegon Ltd. and Lincoln National Corporation pass any of our 60+ stock screens that have outperformed the market since their creation.

So, Which Is the Better Investment, Aegon Ltd. or Lincoln National Corporation Stock?

Overall, Aegon Ltd. stock has a Value Score of 88, Momentum Score of 59 and Estimate Revisions Score of .

Lincoln National Corporation stock has a Value Score of 94, Momentum Score of 62 and Estimate Revisions Score of 60.

Comparing Aegon Ltd. and Lincoln National Corporation’s grades, scores and metrics can act as a solid basis to determine whether they may be a good investment or not. You’ll also want to look at your portfolio’s asset allocation as well as your risk tolerance and financial goals to see if either of these stocks would make a good fit for you. AAII can help you figure out which investments align with your individual needs and preferences.

Investors are encouraged to do their own due diligence and research. In this way, individuals can effectively become managers of their own assets‐without having to rely on others for financial independence. You can count on AAII for timeless articles on financial planning and stock-picking, unbiased research and actionable analysis.

A+ Investor adds to our qualitative teaching with a powerful data suite to help you whittle down investment choices to find stocks, exchange-traded funds (ETFs) or mutual funds that meet your needs.

AAII Disclaimer

We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown, because past, hypothetical or simulated performance is not necessarily indicative of future results. Before making an investment decision, you should consider your circumstances and whether the information on our content is applicable to your situation. This information was prepared in good faith, and we accept no liability for any errors or omissions. The full disclaimer can be read here.