What does group protection — future contract benefits mean?

The estimated liability representing the present value of future benefit payments to policyholders, adjusted for expected future premiums. It is a core actuarial reserve that ensures the company can meet its long-term obligations to group insurance participants.

Lincoln National LNC Group Protection — Future Contract Benefits

Other segment segments

Other Operations

$9.18B+1.2%

Retirement Plan Services

$0—

Similar metrics at other companies

EQHGroup Pension — Future policy benefits and other policyholders’ liabilities

$417M-8.1%

PRUGroup Insurance — Future Policy Benefits, Losses, Claims Expenses

$5.61B+3.4%

EQHGroup Pension — Liability for Future Policy Benefit, after Reinsurance

$417M-8.1%

METGroup Benefits — Supplementary Insurance Information Future Policy Benefits Other Policy Related Balances And Policyholder Dividend Obligation

$18.76B+3.0%

UNMGroup Life and AD&D — Liability for Future Policy Benefit, Expected Future Policy Benefit, before Reinsurance, after Discount Rate Change

77,830,000,000%-2,770,000,000pp

EQHGroup Pension — Liability for Future Policy Benefit, Expected Net Premium, Interest Income

$0—

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:SupplementaryInsuranceInformationLiabilityForFuturePolicyBenefitsLossesClaimsAndLossExpenseReserves.

The official record: Lincoln National’s 10-K, filed February 19, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lincoln National's group protection — future contract benefits?: Lincoln National (LNC) reported group protection — future contract benefits of $6.44B in Q4 2025.
How has Lincoln National's group protection — future contract benefits changed year-over-year?: Lincoln National's group protection — future contract benefits increased by 3.8% year-over-year, from $6.21B to $6.44B.
What does group protection — future contract benefits mean?: The estimated liability representing the present value of future benefit payments to policyholders, adjusted for expected future premiums. It is a core actuarial reserve that ensures the company can meet its long-term obligations to group insurance participants.