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Lincoln National LNC Group Protection — Policyholder Account Balances

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$23.62B-0.7%
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$7.4B+64.2%

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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$8.81B+21.6%
Enterprise value$7.84B+33.5%
P/E5.1×-1.3×
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:SupplementaryInsuranceInformationOtherPolicyClaimsAndBenefitsPayable.

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
Column A / Business Segments and Other OperationsColumn B / DAC / and / VOBAColumn C / Future / Contract / BenefitsColumn D / Unearned / Premiums (1)Column E / Policyholder / Account / BalancesColumn F / Insurance / Premiums / and / Fee Income
Annuities$4,472$2,053$68,788$2,509
Life Insurance7,70424,40236,2153,837
Group Protection1986,4435,490
Retirement Plan Services24223,843301
Other Operations69,1797,39925
Total$12,622$42,077$136,245$12,162
As of or For the Year Ended December 31, 2024
Annuities$4,258$2,019$61,230$2,508

Item 15. Exhibits and Financial Statement Schedules

FAQ

What is Lincoln National's group protection — policyholder account balances?
Lincoln National (LNC) reported group protection — policyholder account balances of $0 in Q4 2025.
What does group protection — policyholder account balances mean?
The total value of funds held on behalf of policyholders within interest-bearing or investment-linked insurance products. This balance represents a significant liability that the company manages through its investment portfolio.

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