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Lincoln National LNC Other Operations — Policyholder Account Balances

Other segment segments

Retirement Plan Services
$23.62B-0.7%

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$4.11B+0.7%

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:SupplementaryInsuranceInformationOtherPolicyClaimsAndBenefitsPayable.

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 other operations — policyholder account balances?
Lincoln National (LNC) reported other operations — policyholder account balances of $7.4B in Q4 2025.
How has Lincoln National's other operations — policyholder account balances changed year-over-year?
Lincoln National's other operations — policyholder account balances increased by 64.2% year-over-year, from $4.51B to $7.4B.
What does other operations — policyholder account balances mean?
This metric reflects the total funds held by the company on behalf of policyholders, typically associated with interest-sensitive products like universal life or annuities. It represents a significant liability that the company must manage through investment returns and crediting rates.