Lincoln National LNC Fixed Annuities — Reinsurance recoverables
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Where this comes from
Reported directly by Lincoln National in its filing.
Tagged under the XBRL concept us-gaap:ReinsuranceRecoverablesGross.
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
The first agreement was structured as a coinsurance treaty between us and Fortitude Re for the ULSG and fixed annuities blocks. As significant insurance risk was transferred for ULSG products and life-contingent annuities, amounts recoverable from Fortitude Re were $10.5 billion and $10.6 billion as of March 31, 2026, and December 31, 2025, respectively. We reported a deferred loss on the transaction of $2.5 billion as of March 31, 2026, and December 31, 2025. We amortized $24 million and $23 million of the deferred loss during the three months ended March 31, 2026 and 2025, respectively. Annuities that are not life-contingent do not contain significant insurance risk; therefore, we reported deposit assets for these contracts of $2.3 billion and $2.4 billion as of March 31, 2026, and December 31, 2025, respectively.
Item 1. Financial Statements
FAQ
- What is Lincoln National's fixed annuities — reinsurance recoverables?
- Lincoln National (LNC) reported fixed annuities — reinsurance recoverables of $10.5B in Q1 2026.
- How has Lincoln National's fixed annuities — reinsurance recoverables changed year-over-year?
- Lincoln National's fixed annuities — reinsurance recoverables decreased by 0.9% year-over-year, from $10.6B to $10.5B.
- What does fixed annuities — reinsurance recoverables mean?
- This represents the total amount of claims and benefits that the company expects to recover from third-party reinsurers for the fixed annuity segment. It serves as a measure of the company's risk mitigation strategy and the credit exposure to its reinsurance partners. A higher balance indicates a greater reliance on reinsurance to manage insurance liabilities.
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