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Lincoln National LNC Group Protection — Benefit payments

Other segment segments

UL and Other
-$304M-52.0%
Traditional Life
-$199M+15.0%
Payout Annuities
-$55M-12.2%

Similar metrics at other companies

Prudential Financial logo
PRUGroup Insurance — Policyholders’ benefits
$1.32B+1.7%
Unum logo
UNMGroup Life and AD&D — Liability for Future Policy Benefit, Expected Future Policy Benefit, Benefit Payment
$195.9M-11.3%
MetLife logo
METGroup Life — Policyholder Account Balance, Benefit Payment
$3M-25.0%
MetLife logo
METGroup Benefits — Policyholder Benefits And Claims Incurred Net And Policyholder Dividends
$5.15B-0.7%
MetLife logo
METGroup Benefits — Policyholder account balances
$11.01B+44.2%
Unum logo
UNMGroup Disability — Liability for Future Policy Benefit, Expected Future Policy Benefit, Benefit Payment
$460.1M+1.7%

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:LiabilityForFuturePolicyBenefitsPaymentForBenefits.

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 group protection — benefit payments?
Lincoln National (LNC) reported group protection — benefit payments of -$380M in Q1 2026.
How has Lincoln National's group protection — benefit payments changed year-over-year?
Lincoln National's group protection — benefit payments decreased by 2.4% year-over-year, from -$371M to -$380M.
What is the long-term trend for Lincoln National's group protection — benefit payments?
Over 3 years (2022 to 2025), Lincoln National's group protection — benefit payments has grown at a 0.2% compound annual growth rate (CAGR), from -$1.43B to -$1.44B.
What does group protection — benefit payments mean?
The total cash outflows paid to policyholders or beneficiaries for claims incurred under group insurance contracts. Monitoring this metric helps assess the actual loss experience relative to premiums earned and the adequacy of existing reserves.