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Lincoln National LNC Group Protection — Less: Reinsurance recoverables

Other segment segments

UL and Other
$5.58B+5.0%
Payout Annuities
$1.39B-6.0%
Traditional Life
$261M-27.5%

Similar metrics at other companies

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UNMGroup Disability — Less: Reinsurance recoverable related to future policy benefits
$23.8M-6.7%
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AFLLife insurance — Less: reinsurance recoverable
$342M+1,610%
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UNMGroup Life and AD&D — Less: Reinsurance recoverable related to future policy benefits
$7.3M+17.7%
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HIGGroup Insurance Policy — Reinsurance Recoverables, Gross
$311M+4.7%
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HIGGroup Insurance Policy — Reinsurance and other recoverables
$290M+0.7%
KKR & Co. logo
KKRLess: Reinsurance Recoverable, End of Period
$1.79B+10.1%

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:LiabilityForFuturePolicyBenefitReinsuranceRecoverableAfterAllowance.

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 — less: reinsurance recoverables?
Lincoln National (LNC) reported group protection — less: reinsurance recoverables of $123M in Q1 2026.
How has Lincoln National's group protection — less: reinsurance recoverables changed year-over-year?
Lincoln National's group protection — less: reinsurance recoverables increased by 1.7% year-over-year, from $121M to $123M.
What is the long-term trend for Lincoln National's group protection — less: reinsurance recoverables?
Over 2 years (2023 to 2025), Lincoln National's group protection — less: reinsurance recoverables has grown at a 0.6% compound annual growth rate (CAGR), from $487M to $493M.
What does group protection — less: reinsurance recoverables mean?
Represents the amount of insurance risk transferred to third-party reinsurers, which is deducted from the gross liability for future policy benefits. This metric indicates the company's reliance on reinsurance to mitigate exposure to large claims or catastrophic events.