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Lincoln National LNC Group Protection — Interest accretion

Other segment segments

UL and Other
$248M+8.8%
Traditional Life
$36M-2.7%
Payout Annuities
$22M0.0%

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CNOOther annuities — Interest accretion
$3.1M-6.1%
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CNOSupplemental health — Interest accretion
$43M+1.7%
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CNOTraditional life — Interest accretion
$29.7M+2.8%
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CNOLong-term care — Interest accretion
$43.7M-0.2%
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EQHGroup Pension — Interest Accretion
$4M0.0%

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$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:LiabilityForFuturePolicyBenefitInterestExpense.

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 itemFor the Three Months Ended March 31, 2026For the Three Months Ended March 31, 2025
Group Protection
Gross premiums$914$933
Interest accretion5550

Item 1. Financial Statements

FAQ

What is Lincoln National's group protection — interest accretion?
Lincoln National (LNC) reported group protection — interest accretion of $55M in Q1 2026.
How has Lincoln National's group protection — interest accretion changed year-over-year?
Lincoln National's group protection — interest accretion increased by 10.0% year-over-year, from $50M to $55M.
What is the long-term trend for Lincoln National's group protection — interest accretion?
Over 4 years (2021 to 2025), Lincoln National's group protection — interest accretion has grown at a 7.7% compound annual growth rate (CAGR), from $145M to $195M.
What does group protection — interest accretion mean?
The non-cash expense recognized as the present value of future policy benefit liabilities increases over time as the expected payment date approaches. This metric is a fundamental measure of the time-value-of-money impact on long-duration insurance liabilities.

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