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Lincoln National LNC Group Protection — Expected future benefit payments

Other segment segments

Traditional Life
$12.89B-8.8%
Payout Annuities
$3.24B-4.8%

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UNMGroup Life and AD&D — Expected future benefit payments
$891.3M-4.2%
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UNMClosed Block — Expected future benefit payments
$68.28B-2.9%
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EQHGroup Pension — Expected future benefit payments and expenses (undiscounted)
$565M-8.3%
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UNMGroup Disability — Expected future benefit payments
$5.57B-5.0%
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KKROther — Liability for Future Policy Benefit, Expected Future Policy Benefit, Benefit Payment
$244.44M+10.4%
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EQHGroup Pension — Expected future benefit payments and expenses (discounted; AOCI basis)
$397M-8.1%

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:LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitUndiscountedBeforeReinsurance.

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 — expected future benefit payments?
Lincoln National (LNC) reported group protection — expected future benefit payments of $7.54B in Q1 2026.
How has Lincoln National's group protection — expected future benefit payments changed year-over-year?
Lincoln National's group protection — expected future benefit payments increased by 1.7% year-over-year, from $7.41B to $7.54B.
What is the long-term trend for Lincoln National's group protection — expected future benefit payments?
Over 2 years (2023 to 2025), Lincoln National's group protection — expected future benefit payments has grown at a 2.2% compound annual growth rate (CAGR), from $28.6B to $29.85B.
What does group protection — expected future benefit payments mean?
An actuarial estimate of the total cash outflows required to satisfy future claims obligations for the current block of business. This forward-looking metric is essential for evaluating long-term solvency and the adequacy of current premium pricing strategies.