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Lincoln National LNC Annuities — Operating revenues

Other segment segments

Group Protection
$1.55B+2.2%

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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 lnc:OperatingRevenues.

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 itemAnnuitiesLife InsuranceGroup ProtectionRetirement Plan ServicesOther OperationsTotal
Operating Revenues (1)$1,283$1,628$1,554$346$57$4,868
Operating Expenses (2)
Benefits and policyholder liability
remeasurement2497599472,000
Interest credited49529117043999
Commissions339112135291616
General and administrative expenses1331292308963644
Interest and debt expense8181

Item 1. Financial Statements

FAQ

What is Lincoln National's annuities — operating revenues?
Lincoln National (LNC) reported annuities — operating revenues of $1.28B in Q1 2026.
How has Lincoln National's annuities — operating revenues changed year-over-year?
Lincoln National's annuities — operating revenues increased by 7.1% year-over-year, from $1.2B to $1.28B.
What is the long-term trend for Lincoln National's annuities — operating revenues?
Over 3 years (2022 to 2025), Lincoln National's annuities — operating revenues has grown at a 3.6% compound annual growth rate (CAGR), from $4.48B to $4.99B.
What does annuities — operating revenues mean?
Represents the total revenue generated by the annuities business segment, primarily derived from fee income, net investment income, and insurance premiums. This metric reflects the scale and top-line performance of the segment's core product offerings, including fixed, indexed, and variable annuities.

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