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Lincoln National LNC Life Insurance — General and Administrative Expense

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$230M+3.6%

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$134M+12.6%
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CMIDistribution — General and Administrative Expense
$104M+14.3%

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:GeneralAndAdministrativeExpense.

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
remeasurement2497599472,000
Interest credited49529117043999
Commissions339112135291616
General and administrative expenses1331292308963644
Interest and debt expense8181
Other (3)(42)795374101
Total operating expenses9491,5861,4122951994,441
Total federal income tax expense (benefit)591308(31)67

Item 1. Financial Statements

FAQ

What is Lincoln National's life insurance — general and administrative expense?
Lincoln National (LNC) reported life insurance — general and administrative expense of $129M in Q1 2026.
How has Lincoln National's life insurance — general and administrative expense changed year-over-year?
Lincoln National's life insurance — general and administrative expense decreased by 1.5% year-over-year, from $131M to $129M.
What is the long-term trend for Lincoln National's life insurance — general and administrative expense?
Over 3 years (2022 to 2025), Lincoln National's life insurance — general and administrative expense has grown at a -0.7% compound annual growth rate (CAGR), from $554M to $542M.
What does life insurance — general and administrative expense mean?
Covers the overhead costs associated with operating the life insurance segment, including personnel, technology, and facilities. It provides insight into the operational efficiency and cost management discipline of the business unit. Lower relative expenses suggest a more streamlined and scalable administrative infrastructure.

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