AON vs. LNC: Aon vs. Lincoln National Stock Comparison
This page compares Aon (AON) with Lincoln National (LNC) using performance and risk, profitability, financial strength, growth, dividends, and valuation metrics.
Performance
Cumulative Growth
Trailing Returns
Performance at a Glance
| Metric | AON | LNC |
|---|---|---|
| 1-Year Return | -5.31% | 18.10% |
Risk
Drawdown
Risk at a Glance
| Metric | AON | LNC |
|---|---|---|
| 1-Year Volatility | 23.52% | 33.46% |
| Beta | 0.70 | 1.17 |
| 3-Month Avg. Volume | 1.42M | 1.93M |
Company Profile
Aon (AON) and Lincoln National (LNC) both belong to the Insurance industry, though AON is classified under Insurance Brokers while LNC falls under Life & Health Insurance.
| Profile Item | AON | LNC |
|---|---|---|
| Name | Aon plc | Lincoln National Corporation |
| Country/Region | Ireland | United States |
| GICS Sector | Financials | Financials |
| GICS Industry Group | Insurance | Insurance |
| GICS Industry | Insurance | Insurance |
| GICS Sub-Industry | Insurance Brokers | Life & Health Insurance |
| Market Capitalization | 71.61 billion USD | 7.13 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | June 2, 1980 | March 17, 1980 |
| Security Type | Common Stock | Common Stock |
Valuation
Price-to-Earnings Ratio (TTM)
Lincoln National (LNC) at 4.08 sits in the cheaper P/E ratio quartile, while Aon (AON) at 18.41 sits in the richer quartile — a clear split in what investors pay for each dollar of trailing earnings.
AON
Insurance industry group
18.41
- Max
- 25.24
- AON
- 18.41
- Q3
- 16.46
- Median
- 12.28
- Q1
- 8.66
- Min
- 3.44
LNC
Insurance industry group
4.08
- Max
- 25.24
- Q3
- 16.46
- Median
- 12.28
- Q1
- 8.66
- LNC
- 4.08
- Min
- 3.44
Price-to-Sales Ratio (TTM)
Lincoln National (LNC) at 0.38 sits in the cheaper P/S ratio quartile while Aon (AON) at 4.10 prices above its industry range — a wide gap in sales valuation between them.
AON
Insurance industry group
4.10
- AON
- 4.10
- Max
- 3.96
- Q3
- 2.13
- Median
- 1.17
- Q1
- 0.82
- Min
- 0.13
LNC
Insurance industry group
0.38
- Max
- 3.96
- Q3
- 2.13
- Median
- 1.17
- Q1
- 0.82
- LNC
- 0.38
- Min
- 0.13
Price-to-Book Ratio (MRQ)
Lincoln National (LNC) at 0.77 sits in the lower P/B ratio quartile relative to book while Aon (AON) at 7.28 prices above its industry range — a wide valuation gap against assets.
AON
Insurance industry group
7.28
- AON
- 7.28
- Max
- 3.70
- Q3
- 2.21
- Median
- 1.61
- Q1
- 1.12
- Min
- -0.14
LNC
Insurance industry group
0.77
- Max
- 3.70
- Q3
- 2.21
- Median
- 1.61
- Q1
- 1.12
- LNC
- 0.77
- Min
- -0.14
Valuation at a Glance
| Metric | AON | LNC |
|---|---|---|
| Price-to-Earnings Ratio (TTM) | 18.41 | 4.08 |
| Price-to-Sales Ratio (TTM) | 4.10 | 0.38 |
| Price-to-Book Ratio (MRQ) | 7.28 | 0.77 |
| Free Cash Flow Yield | -- | -- |
Profitability
Return on Equity (TTM)
Aon (AON) at 46.45% clears its industry range for ROE, a sharper capital-efficiency signal than Lincoln National (LNC) at 18.77%, which is closer to a typical peer reading.
AON
Insurance industry group
46.45%
- AON
- 46.45%
- Max
- 38.88%
- Q3
- 22.34%
- Median
- 14.13%
- Q1
- 9.51%
- Min
- -6.23%
LNC
Insurance industry group
18.77%
- Max
- 38.88%
- Q3
- 22.34%
- LNC
- 18.77%
- Median
- 14.13%
- Q1
- 9.51%
- Min
- -6.23%
Net Profit Margin (TTM)
Aon (AON) at 22.54% retains a top-quartile share of revenue as profit, ahead of Lincoln National (LNC) at 9.17%, which keeps about the industry-typical share.
AON
Insurance industry group
22.54%
- Max
- 38.86%
- AON
- 22.54%
- Q3
- 19.36%
- Median
- 11.07%
- Q1
- 5.09%
- Min
- -2.80%
LNC
Insurance industry group
9.17%
- Max
- 38.86%
- Q3
- 19.36%
- Median
- 11.07%
- LNC
- 9.17%
- Q1
- 5.09%
- Min
- -2.80%
Operating Profit Margin (TTM)
Neither side reports a meaningful operating margin: for Aon (AON) in Insurance and Lincoln National (LNC) in Insurance, funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.
Profitability at a Glance
| Metric | AON | LNC |
|---|---|---|
| Return on Equity (TTM) | 46.45% | 18.77% |
| Return on Assets (TTM) | 6.05% | 0.28% |
| Net Profit Margin (TTM) | 22.54% | 9.17% |
| Operating Profit Margin (TTM) | -- | -- |
| Gross Profit Margin (TTM) | -- | -- |
Growth
Revenue Growth
Revenue Growth at a Glance
| Metric | AON | LNC |
|---|---|---|
| 1-Year Revenue Growth | 9.45% | 1.96% |
| 3-Year Revenue CAGR | 11.25% | -1.04% |
EPS Growth
EPS Growth at a Glance
| Metric | AON | LNC |
|---|---|---|
| 1-Year EPS Growth | 36.27% | -68.33% |
| 3-Year EPS CAGR | 11.92% | -9.17% |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: Aon (AON) in Insurance and Lincoln National (LNC) in Insurance both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.
Debt-to-Equity Ratio (MRQ)
debt-to-equity ratio is set aside for both: Aon (AON) in Insurance and Lincoln National (LNC) in Insurance run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.
Financial Strength at a Glance
| Metric | AON | LNC |
|---|---|---|
| Current Ratio (MRQ) | -- | -- |
| Debt-to-Equity Ratio (MRQ) | -- | -- |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
Lincoln National (LNC) at 4.83% delivers top-quartile income for its industry, while Aon (AON) at 0.98% pays a more typical yield — both are credible income propositions, LNC the richer one.
AON
Insurance industry group
0.98%
- Max
- 5.43%
- Q3
- 2.64%
- Median
- 1.35%
- AON
- 0.98%
- Q1
- 0.00%
- Min
- 0.00%
LNC
Insurance industry group
4.83%
- Max
- 5.43%
- LNC
- 4.83%
- Q3
- 2.64%
- Median
- 1.35%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Both Aon (AON) at 16.36% and Lincoln National (LNC) at 19.69% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.
AON
Insurance industry group
16.36%
- Max
- 86.52%
- Q3
- 35.43%
- AON
- 16.36%
- Median
- 14.92%
- Q1
- 0.00%
- Min
- 0.00%
LNC
Insurance industry group
19.69%
- Max
- 86.52%
- Q3
- 35.43%
- LNC
- 19.69%
- Median
- 14.92%
- Q1
- 0.00%
- Min
- 0.00%
Dividends at a Glance
| Metric | AON | LNC |
|---|---|---|
| Dividend Yield (TTM) | 0.98% | 4.83% |
| Dividend Payout Ratio (TTM) | 16.36% | 19.69% |