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Lincoln National LNC Group Protection — Deferrals

Other segment segments

UL and Other
$106M+12.8%
Traditional Life
$24M+14.3%

Similar metrics at other companies

Globe Life logo
GLDeferral Of Policy Acquisition Costs, Gross
$235.48M+3.1%
Unum logo
UNMGroup Disability — Deferred Acquisition Costs
$66M-1.2%
Unum logo
UNMDeferral of Acquisition Costs
$190.6M+10.4%
Prudential Financial logo
PRUGroup Insurance — Deferred Policy Acquisition Costs
$154M-3.1%
Unum logo
UNMGroup Life and AD&D — Deferred Acquisition Costs
$61.2M+8.1%
Allstate logo
ALLProtection Services — Deferred policy acquisition costs
$3.23B+2.6%

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:DeferredPolicyAcquisitionCostsAdditions.

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 — deferrals?
Lincoln National (LNC) reported group protection — deferrals of $30M in Q1 2026.
How has Lincoln National's group protection — deferrals changed year-over-year?
Lincoln National's group protection — deferrals decreased by 6.3% year-over-year, from $32M to $30M.
What is the long-term trend for Lincoln National's group protection — deferrals?
Over 3 years (2022 to 2025), Lincoln National's group protection — deferrals has grown at a 13.2% compound annual growth rate (CAGR), from $98M to $142M.
What does group protection — deferrals mean?
This represents the amount of acquisition-related costs capitalized during a specific period rather than being expensed immediately. It reflects the volume of new business production and the associated upfront costs incurred to generate future premiums. Monitoring this helps investors understand the current pace of business growth and the impact of acquisition spending on short-term earnings.