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Lincoln National LNC Annuities and life insurance — Premiums Earned, Net

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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:PremiumsEarnedNet.

The source filing: Lincoln National’s 10-K, filed February 19, 2026.

Filed
Feb 19, 2026, 5:22 PM EST
Fiscal year
FY2025
Accession
0000059558-26-000016
Column A / DescriptionColumn B / Gross / AmountColumn C / Ceded / to / Other / CompaniesColumn D / Assumed / from / Other / CompaniesColumn E / Net / AmountColumn F / Percentage / of Amount / Assumed / to Net
Individual life insurance in-force (1)$2,075,369$1,221,552$1,426$855,2430.2%
Premiums:
Annuities and life insurance (2)10,6472,319278,3550.3%
Accident and health insurance3,8383323,8070.1%
Total premiums$14,485$2,352$29$12,162
As of or For the Year Ended December 31, 2024
Individual life insurance in-force (1)$2,068,962$1,049,185$5,742$1,025,5190.6%
Premiums:

Item 15. Exhibits and Financial Statement Schedules

FAQ

What is Lincoln National's annuities and life insurance — premiums earned, net?
Lincoln National (LNC) reported annuities and life insurance — premiums earned, net of $2.09B in Q4 2025.
How has Lincoln National's annuities and life insurance — premiums earned, net changed year-over-year?
Lincoln National's annuities and life insurance — premiums earned, net increased by 0.6% year-over-year, from $2.08B to $2.09B.
What is the long-term trend for Lincoln National's annuities and life insurance — premiums earned, net?
Over 4 years (2021 to 2025), Lincoln National's annuities and life insurance — premiums earned, net has grown at a -0.8% compound annual growth rate (CAGR), from $8.64B to $8.36B.
What does annuities and life insurance — premiums earned, net mean?
Net premiums earned represent the total revenue retained by the segment after accounting for both ceded reinsurance and assumed reinsurance activities. This is a critical measure of the core profitability and sustainable revenue generation capacity of the insurance business.

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