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Lincoln National LNC Fixed Annuities — Cash surrender value

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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:CashSurrenderValueDuePolicyholdersAmount.

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 itemVariable AnnuitiesFixed AnnuitiesUL and OtherRetirement Plan Services
Net transfers from (to) separate account(651)6886
Interest credited230256357169
Change in fair value of embedded derivative
instruments and other(1,444)(97)(27)
Balance as of end-of-period$39,143$28,974$35,723$23,694
Weighted-average crediting rate2.3%3.6%4.0%2.8%
Net amount at risk (1)(2)$2,652$425$292,048$3
Cash surrender value37,75727,66932,38523,657

Item 1. Financial Statements

FAQ

What is Lincoln National's fixed annuities — cash surrender value?
Lincoln National (LNC) reported fixed annuities — cash surrender value of $27.67B in Q1 2026.
How has Lincoln National's fixed annuities — cash surrender value changed year-over-year?
Lincoln National's fixed annuities — cash surrender value increased by 11.0% year-over-year, from $24.94B to $27.67B.
What is the long-term trend for Lincoln National's fixed annuities — cash surrender value?
Over 2 years (2023 to 2025), Lincoln National's fixed annuities — cash surrender value has grown at a 6.0% compound annual growth rate (CAGR), from $93.17B to $104.66B.
What does fixed annuities — cash surrender value mean?
The total amount payable to policyholders if they choose to terminate their annuity contracts before maturity, typically net of surrender charges. This metric provides insight into the liquidity risk and potential cash outflows associated with the annuity block.

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