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Lincoln National LNC Life Insurance — Future Contract Benefits

Other segment segments

Other Operations
$9.18B+1.2%
Retirement Plan Services
$0

Similar metrics at other companies

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$6.73B+1.4%
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$10.75B+18.6%
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$18.93B+0.9%
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AIGFuture Policy Benefits for Life and Accident and Health Insurance Contracts
$556M-5.9%
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PRITerm Life And Other — Liability For Future Policy Benefits
$6.73B+1.4%

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:SupplementaryInsuranceInformationLiabilityForFuturePolicyBenefitsLossesClaimsAndLossExpenseReserves.

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 life insurance — future contract benefits?
Lincoln National (LNC) reported life insurance — future contract benefits of $24.4B in Q4 2025.
How has Lincoln National's life insurance — future contract benefits changed year-over-year?
Lincoln National's life insurance — future contract benefits increased by 8.4% year-over-year, from $22.51B to $24.4B.
What does life insurance — future contract benefits mean?
Represents the estimated liability for future policyholder benefits, calculated based on actuarial assumptions regarding mortality, morbidity, and policy persistency. This metric is the largest liability on the balance sheet for life insurers and reflects the long-term obligation to pay claims. Changes in this figure indicate shifts in the expected cost of fulfilling insurance promises.