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Lincoln National LNC Group Protection — Other revenues

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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:OtherIncome.

The source filing: Lincoln National’s 10-K, filed February 19, 2026.

Filed
Feb 19, 2026, 5:22 PM EST
Fiscal year
FY2025
Accession
0000059558-26-000016

Other revenues consist primarily of the net settlement related to certain reinsurance-related activity, as net investment income and interest credited are presented gross of reinsurance activity on the Consolidated Statements of Comprehensive Income (Loss), and fees earned from administrative services performed by our Group Protection segment. Administrative services fees are recognized as performance obligations are met over the terms of the underlying agreements, and were $236 million, $224 million and $210 million for the years ended December 31, 2025, 2024 and 2023, respectively.

Item 8. Financial Statements and Supplementary Data

FAQ

What is Lincoln National's group protection — other revenues?
Lincoln National (LNC) reported group protection — other revenues of $59M in Q4 2025.
How has Lincoln National's group protection — other revenues changed year-over-year?
Lincoln National's group protection — other revenues increased by 5.4% year-over-year, from $56M to $59M.
What is the long-term trend for Lincoln National's group protection — other revenues?
Over 4 years (2021 to 2025), Lincoln National's group protection — other revenues has grown at a 7.0% compound annual growth rate (CAGR), from $180M to $236M.
What does group protection — other revenues mean?
Revenue streams within the Group Protection segment that are derived from sources other than core insurance premiums, such as administrative service fees or ancillary product charges. This metric helps identify the diversification of the segment's income and its ability to generate non-premium-based revenue. It provides insight into the segment's broader service capabilities beyond traditional risk underwriting.

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