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Lincoln National LNC Life Insurance — Credit loss-related adjustments

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$1M+150%

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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 lnc:CreditLossRelatedAdjustments.

The source filing: Lincoln National’s 10-Q, filed May 7, 2026.

Filed
May 7, 2026, 4:23 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000059558-26-000035
Line itemAnnuitiesLife InsuranceGroup ProtectionRetirement Plan ServicesOther OperationsTotal
Operating revenues$1,283$1,628$1,554$346$57$4,868
Revenue adjustments from annuity and life
insurance product features30225327
Credit loss-related adjustments(4)(1)1(2)(14)(20)
Investment gains (losses)(4)(51)(1)14(42)
Changes in the fair value of reinsurance-
related embedded derivatives, trading
securities and certain mortgage loans(1)184(4)179

Item 1. Financial Statements

FAQ

What is Lincoln National's life insurance — credit loss-related adjustments?
Lincoln National (LNC) reported life insurance — credit loss-related adjustments of -$1M in Q1 2026.
How has Lincoln National's life insurance — credit loss-related adjustments changed year-over-year?
Lincoln National's life insurance — credit loss-related adjustments decreased by 200.0% year-over-year, from $1M to -$1M.
What is the long-term trend for Lincoln National's life insurance — credit loss-related adjustments?
Over 3 years (2022 to 2025), Lincoln National's life insurance — credit loss-related adjustments has grown at a -47.4% compound annual growth rate (CAGR), from -$124M to -$18M.
What does life insurance — credit loss-related adjustments mean?
Reflects the impact of expected credit losses on the valuation of financial assets held within the life insurance investment portfolio. This metric captures the anticipated shortfall in cash flows from fixed-income securities or loans due to credit deterioration. It serves as a key indicator of asset quality and risk management effectiveness within the insurance segment.

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