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Lincoln National LNC Group Protection — Insurance Commissions

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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$8.98B+20.1%
Enterprise value$8B+31.2%
P/E5.2×-1.4×
P/S0.5×+0.1×

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:InsuranceCommissions.

The source filing: Lincoln National’s 10-Q, filed May 7, 2026.

Filed
May 7, 2026, 4:23 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000059558-26-000035
Line itemAnnuitiesLife InsuranceGroup ProtectionRetirement Plan ServicesOther OperationsTotal
Benefits and policyholder liability
remeasurement2497599472,000
Interest credited49529117043999
Commissions339112135291616
General and administrative expenses1331292308963644
Interest and debt expense8181
Other (3)(42)795374101
Total operating expenses9491,5861,4122951994,441

Item 1. Financial Statements

FAQ

What is Lincoln National's group protection — insurance commissions?
Lincoln National (LNC) reported group protection — insurance commissions of $135M in Q1 2026.
How has Lincoln National's group protection — insurance commissions changed year-over-year?
Lincoln National's group protection — insurance commissions increased by 1.5% year-over-year, from $133M to $135M.
What is the long-term trend for Lincoln National's group protection — insurance commissions?
Over 3 years (2022 to 2025), Lincoln National's group protection — insurance commissions has grown at a 11.1% compound annual growth rate (CAGR), from $394M to $541M.
What does group protection — insurance commissions mean?
The fees paid to brokers, agents, and distribution partners for the acquisition and renewal of group insurance contracts. This metric is a primary component of acquisition costs and reflects the competitive environment for securing employer-sponsored benefit plans.

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