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Lincoln National LNC Group Protection — Other Operating Expense

Other segment segments

Other Operations
$597M-32.3%
Retirement Plan Services
$441M+3.3%

Similar metrics at other companies

Prudential Financial logo
PRUGroup Insurance — Other Operating Expenses
$306.5M+6.0%
Prudential Financial logo
PRUGroup Insurance — Other Expenses
$0
Allstate logo
ALLProtection Services — Other operating costs and expenses
$318.25M+11.9%
MetLife logo
METGroup Benefits — Other segment expenses (2)
$568M+4.8%
Everest Group logo
EGOther — Other Operating Expenses
$4.25M-48.5%
Jackson Financial logo
JXNOther operating expenses
$699.25M-1.0%

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:SupplementaryInsuranceInformationOtherOperatingExpense.

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 — other operating expense?
Lincoln National (LNC) reported group protection — other operating expense of $372.5M in Q4 2025.
How has Lincoln National's group protection — other operating expense changed year-over-year?
Lincoln National's group protection — other operating expense increased by 8.8% year-over-year, from $342.5M to $372.5M.
What is the long-term trend for Lincoln National's group protection — other operating expense?
Over 4 years (2021 to 2025), Lincoln National's group protection — other operating expense has grown at a 6.6% compound annual growth rate (CAGR), from $1.15B to $1.49B.
What does group protection — other operating expense mean?
Represents the aggregate of non-commission and non-acquisition related administrative costs incurred to support the operations of the group insurance segment. This includes overhead, technology, and personnel expenses necessary to manage employer-sponsored benefit plans.