Filing Flows › Comparisons › LNC vs ATH-PA
Lincoln National vs Athene Holding: LNC and ATH-PA compared
Lincoln National is the larger company: $5.5B of revenue in its latest quarter (Q3 2026) against $3.1B for Athene Holding (Q3 2026). Lincoln National is growing faster (+20% against -62% a year earlier). Lincoln National is more profitable, with an operating margin of 31.7% against -56.7%.
Where the money goes: LNC and ATH-PA
Lincoln National (LNC) · Q3 2026
Lincoln National, Q3 2026: revenue $5.5B (+20% year over year), operating margin 31.7%, net earnings $1.4B, operating cash flow $875M. The chart follows the revenue to costs, profit and cash.
Athene Holding (ATH-PA) · Q3 2026
Athene Holding, Q3 2026: revenue $3.1B (-62% year over year), operating margin -56.7%, net loss $1.3B, operating cash flow $827M. The chart follows the revenue to costs, profit and cash.
| Lincoln National (LNC) | Athene Holding (ATH-PA) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $5.5B | $3.1B |
| Revenue growth, Y/Y | +20% | -62% |
| Operating margin | 31.7% | -56.7% |
| Net earnings | $1.4B | −$1.3B |
| Net margin | 25.5% | -43.1% |
| Operating cash flow | $875M | $827M |
| Market value | $7.7B | $4.5B |
| P/E | 2.3× | — |
| Analysts’ mean target | $48.08 | — |
Questions
Which is bigger, Lincoln National or Athene Holding?
Lincoln National is the larger company: $5.5B of revenue in its latest quarter (Q3 2026) against $3.1B for Athene Holding (Q3 2026).
Is Lincoln National or Athene Holding growing faster?
Lincoln National is growing faster (+20% against -62% a year earlier).
Which is more profitable, Lincoln National or Athene Holding?
Lincoln National is more profitable, with an operating margin of 31.7% against -56.7%.
More: Lincoln National earnings · how Lincoln National makes money · Athene Holding earnings · how Athene Holding makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.