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Lincoln National LNC Life Insurance — Benefits and Interest Credited

Other segment segments

Retirement Plan Services
$675M+1.7%
Other Operations
$98M+123%

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PRITerm Life Insurance — Supplementary Insurance Information Benefits Claims Losses And Settlement Expense
$162.89M+2.5%

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$8.93B+19.5%
Enterprise value$7.96B+30.5%
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:SupplementaryInsuranceInformationBenefitsClaimsLossesAndSettlementExpense.

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 G / Net / Investment / IncomeColumn H / Benefits / and / Interest / CreditedColumn I / Amortization / of DAC / and / VOBAColumn J / Other / Operating / ExpensesColumn K / Premiums / Written
Annuities$1,894$1,944$479$1,205
Life Insurance2,6364,851511856
Group Protection3764,1181221,490
Retirement Plan Services1,02269219455
Other Operations14798597
Total$6,075$11,703$1,131$4,603
As of or For the Year Ended December 31, 2024
Annuities$1,636$1,711$427$1,411

Item 15. Exhibits and Financial Statement Schedules

FAQ

What is Lincoln National's life insurance — benefits and interest credited?
Lincoln National (LNC) reported life insurance — benefits and interest credited of $1.21B in Q4 2025.
How has Lincoln National's life insurance — benefits and interest credited changed year-over-year?
Lincoln National's life insurance — benefits and interest credited decreased by 0.7% year-over-year, from $1.22B to $1.21B.
What is the long-term trend for Lincoln National's life insurance — benefits and interest credited?
Over 4 years (2021 to 2025), Lincoln National's life insurance — benefits and interest credited has grown at a -3.5% compound annual growth rate (CAGR), from $5.59B to $4.85B.
What does life insurance — benefits and interest credited mean?
The total cost incurred by the insurer for policyholder claims, death benefits, and interest credited to policyholder account balances. This represents the primary direct cost of providing life insurance and retirement protection services.

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