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Lincoln National LNC Separate account assets

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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$8.98B+20.1%
Enterprise value$8B+31.2%
P/E5.2×-1.4×
P/S0.5×+0.1×

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:SeparateAccountAssets.

The source filing: Lincoln National’s 10-Q, filed May 7, 2026.

Filed
May 7, 2026, 4:23 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000059558-26-000035
Line itemAs of / March 31, 2026As of / December 31, 2025
Accrued investment income1,1701,122
Goodwill1,1441,144
Other assets7,2487,154
Separate account assets172,043180,092
Total assets$406,161$417,204
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities
Policyholder account balances$135,683$136,245

Item 1. Financial Statements

FAQ

What is Lincoln National's separate account assets?
Lincoln National (LNC) reported separate account assets of $172.04B in Q1 2026.
How has Lincoln National's separate account assets changed year-over-year?
Lincoln National's separate account assets increased by 5.9% year-over-year, from $162.51B to $172.04B.
What is the long-term trend for Lincoln National's separate account assets?
Over 5 years (2020 to 2025), Lincoln National's separate account assets has grown at a 1.4% compound annual growth rate (CAGR), from $167.97B to $180.09B.
What does separate account assets mean?
Represents assets held in segregated accounts for the benefit of variable life and annuity policyholders, where the investment risk is borne by the policyholder rather than the insurer. Because these assets are legally separated from the general account, they provide a clear view of the scale of the company's fee-based investment products. The balance fluctuates primarily based on market performance and net flows from policyholders.

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