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Lincoln National LNC Fixed Annuities — Reinsurance recoverables on unpaid losses

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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$7.11B+10.3%
Enterprise value$6.13B-25.1%
P/E4.1×-0.7×
P/S0.4×0.0×

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:ReinsuranceRecoverablesOnUnpaidLossesGross.

The official record: Lincoln National’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lincoln National's fixed annuities — reinsurance recoverables on unpaid losses?
Lincoln National (LNC) reported fixed annuities — reinsurance recoverables on unpaid losses of $2.5B in Q1 2026.
How has Lincoln National's fixed annuities — reinsurance recoverables on unpaid losses changed year-over-year?
Lincoln National's fixed annuities — reinsurance recoverables on unpaid losses decreased by 3.8% year-over-year, from $2.6B to $2.5B.
What does fixed annuities — reinsurance recoverables on unpaid losses mean?
This represents the portion of the reinsurance recoverable balance specifically tied to claims that have been incurred but not yet paid. It highlights the company's ability to transfer the financial burden of future claim payments to reinsurers. This is a key metric for assessing the effectiveness of risk transfer in the annuity business.