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 F&G Annuities & Life, Inc. 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 F&G Annuities & Life, Inc. and Lincoln National Corporation compare based on key financial metrics to determine which better meets your investment needs.

About F&G Annuities & Life, Inc. and Lincoln National Corporation

F&G Annuities & Life, Inc., together with its subsidiaries, provides annuity and life insurance products in the United States. It offers fixed indexed annuities registered index-linked annuities, pension risk transfer and indexed universal life, and multi-year guarantee annuities; immediate annuities; indexed universal life insurance; pension risk transfer solutions; and institutional funding agreements. The company distributes its products through independent agents, banks, and broker-dealers to retail annuity and life customers, as well as institutional clients. The company was founded in 1959 and is headquartered in Des Moines, Iowa. F&G Annuities & Life, Inc. operates as a subsidiary of Fidelity National Financial, Inc.

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 F&G Annuities & Life, Inc., Lincoln National Corporation Stock News

As of August 20, 2026, F&G Annuities & Life, Inc. had a $3.0 billion market capitalization, compared to the Insurance median of $6.4 million. F&G Annuities & Life, Inc.’s stock is down 26.6% in 2026, down 17.4% in the previous five trading days and down 33.59% in the past year.

Currently, F&G Annuities & Life, Inc.’s price-earnings ratio is 7.5. F&G Annuities & Life, Inc.’s trailing 12-month revenue is $6.1 billion with a 6.9% net profit margin. Year-over-year quarterly sales growth most recently was 4.2%. Analysts expect adjusted earnings to reach $3.453 per share for the current fiscal year. F&G Annuities & Life, Inc. currently has a 4.4% dividend yield.

As of August 20, 2026, Lincoln National Corporation had a $8.0 billion market cap, putting it in the 74th percentile of all stocks. Lincoln National Corporation’s stock is down 5.7% in 2026, down 7.7% in the previous five trading days and up 3.45% in the past year.

Currently, Lincoln National Corporation’s price-earnings ratio is 3.7. 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 $7.872 per share for the current fiscal year. Lincoln National Corporation currently has a 4.3% dividend yield.

How We Compare F&G Annuities & Life, Inc. 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 F&G Annuities & Life, Inc. and Lincoln National Corporation’s stock grades to see how they measure up against one another.

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F&G Annuities & Life, Inc. and Lincoln National Corporation Growth Grades

Company	Ticker	Growth
F&G Annuities & Life, Inc.	FG	C
Lincoln National Corporation	LNC	D

The foundation of growth investing is seeking out stocks of companies exhibiting strong, consistent and prolonged growth that is expected to continue into the future.

In order to compute the growth score and assign it a letter grade, the percentile ranks for each of three components‐consistency of annual sales growth, five-year sales growth rankings adjusted for extreme levels, and consistency of positive annual cash from operations‐must be determined. These three rank figures are added together, and the sum is ranked against the entire stock universe to arrive at a company’s Growth Score to create an equal distribution of grades.

The companies in the bottom 20% of the stock universe receive Growth Grades of F, considered to be very weak, while those in the top 20% receive A grades, which are considered very strong.

F&G Annuities & Life, Inc. has a Growth Score of 44, which is Average. Lincoln National Corporation has a Growth Score of 30, which is Weak.

The Growth Stock Winner: No Clear Winner

Neither F&G Annuities & Life, Inc. or Lincoln National Corporation has a high enough Growth Grade to be considered a “winner.” Investors who are 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 F&G Annuities & Life, Inc. or Lincoln National Corporation is the better investment when it comes to sustainable growth.

F&G Annuities & Life, Inc. and Lincoln National Corporation’s Quality Grades

Company	Ticker	Quality
F&G Annuities & Life, Inc.	FG	C
Lincoln National Corporation	LNC	F

Like the Value Grade, AAII’s A+ Investor Quality Grade comes from the percentile rank of key metrics. Specifically, the Quality Score is the percentile rank of the average of the percentile ranks 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 the F-Score.

The score is variable, meaning it can consider all eight measures or, should any of the eight measures not be valid, the remaining measures that are valid. To be assigned a Quality Score, stocks must have a valid (non-null) measure and corresponding ranking for at least four of the eight quality measures.

The Quality Score is used to assess the underlying “quality” of a particular stock. A higher-quality stock possesses traits associated with upside potential and reduced downside risk. Backtesting of the Quality Grade shows that stocks with higher grades, on average, outperformed stocks with lower grades over the period of 1998 through 2019.

Stocks receive better grades (higher scores) for having higher scores for the quality subcomponents and worse grades (lower scores) for lower scores for the subcomponents.

F&G Annuities & Life, Inc. has a Quality Score of 42, which is Average. Lincoln National Corporation has a Quality Score of 16, which is Very Weak.

The Quality Stock Winner: No Clear Winner

Neither F&G Annuities & Life, Inc. or Lincoln National Corporation has a high enough Quality Grade to be considered a “winner.” Investors who are 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 F&G Annuities & Life, Inc. or Lincoln National Corporation is the better investment when it comes to quality.

F&G Annuities & Life, Inc. and Lincoln National Corporation’s Momentum Grades

Company	Ticker	Momentum
F&G Annuities & Life, Inc.	FG	F
Lincoln National Corporation	LNC	C

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%.

F&G Annuities & Life, Inc. has a Momentum Score of 16, which is Very Weak. Lincoln National Corporation has a Momentum Score of 52, which is Average.

The Momentum Stock Winner: No Clear Winner

Neither F&G Annuities & Life, Inc. or Lincoln National Corporation has a strong enough Momentum Grade to 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 F&G Annuities & Life, Inc. or Lincoln National Corporation is the better investment when it comes to momentum.

Other F&G Annuities & Life, Inc. and Lincoln National Corporation Grades

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

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

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.

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 F&G Annuities & Life, Inc. 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, F&G Annuities & Life, Inc. or Lincoln National Corporation Stock?

Overall, F&G Annuities & Life, Inc. stock has a Growth Score of 44, Momentum Score of 16 and Quality Score of 42.

Lincoln National Corporation stock has a Growth Score of 30, Momentum Score of 52 and Quality Score of 16.

Comparing F&G Annuities & Life, Inc. 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.