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Lincoln National LNC Deferred policy acquisition costs

Discontinued — last reported Q3 '23

Deferred policy acquisition costs at other companies

Aflac logo
AflacAFL
$8.98B-1.2%
MetLife logo
MetLifeMET
$21.27B+5.5%
Prudential Financial logo
Prudential FinancialPRU
$21.73B+4.5%
Jackson Financial logo
Jackson FinancialJXN
$11.63B-1.2%
Equitable Holdings logo
Equitable HoldingsEQH
Corebridge Financial logo
Corebridge FinancialCRBG

Segments

By segment

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UL and Other$6.08B+2.5%
Traditional Life$1.27B-3.7%
Group Protection$181M
Other Operations$6M

By product

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Variable Annuities$4.04B+3.9%
Fixed Annuities$479M+23.5%

Other financials

Income statement

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Revenue$5.3B+13.1%
Net income-$172.0M+76.2%
EPS (diluted)-$1.10+75.1%

Balance sheet

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Cash & equivalents$7.3B+71.5%
Total debt$6.4B+8.5%
Total equity$10.2B+24.6%
Total assets$406.16B+6.1%

Cash flow

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Operating cash flow$138.0M+151%

Valuation

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Market cap$7.11B+10.3%
Enterprise value$6.13B-25.1%
P/E4.1×-0.7×
P/S0.4×0.0×

Profitability

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Net margin9.2%+2.2pp

Returns & leverage

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Return on equity18.8%+1.8pp
Debt / equity0.6×-0.1×

Where this comes from

Reported directly by Lincoln National in its filing.

Tagged under the XBRL concept us-gaap:DeferredPolicyAcquisitionCostsAndValueOfBusinessAcquired.

The official record: Lincoln National’s 10-Q, filed November 2, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lincoln National's deferred policy acquisition costs?
Lincoln National (LNC) reported deferred policy acquisition costs of $12.34B in Q3 2023.
How has Lincoln National's deferred policy acquisition costs changed year-over-year?
Lincoln National's deferred policy acquisition costs decreased by 9.8% year-over-year, from $13.68B to $12.34B.
What is the long-term trend for Lincoln National's deferred policy acquisition costs?
Over 2 years (2020 to 2022), Lincoln National's deferred policy acquisition costs has grown at a 45.1% compound annual growth rate (CAGR), from $5.81B to $12.24B.