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Lincoln National LNC Life Insurance — Other Operating Expense

Other segment segments

Other Operations
$597M-32.3%
Retirement Plan Services
$441M+3.3%

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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$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:SupplementaryInsuranceInformationOtherOperatingExpense.

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 — other operating expense?
Lincoln National (LNC) reported life insurance — other operating expense of $214M in Q4 2025.
How has Lincoln National's life insurance — other operating expense changed year-over-year?
Lincoln National's life insurance — other operating expense increased by 12.2% year-over-year, from $190.75M to $214M.
What is the long-term trend for Lincoln National's life insurance — other operating expense?
Over 4 years (2021 to 2025), Lincoln National's life insurance — other operating expense has grown at a 3.7% compound annual growth rate (CAGR), from $739M to $856M.
What does life insurance — other operating expense mean?
General administrative, overhead, and operational costs required to support the life insurance business segment. Monitoring this helps assess the company's ability to manage its cost structure relative to its insurance operations.