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Lincoln National LNC Payout Annuities — Current discount rate

Other segment segments

Group Protection
5%+2.0%
Traditional Life
4.9%0.0%

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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 us-gaap:LiabilityForFuturePolicyBenefitCurrentWeightedAverageDiscountRate.

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 itemFor the Three Months Ended March 31, 2026For the Three Months Ended March 31, 2025
Payout Annuities
Interest accretion rate4.0%4.0%
Current discount rate5.3%5.2%
Traditional Life
Interest accretion rate5.0%5.0%
Current discount rate4.9%4.9%

Item 1. Financial Statements

FAQ

What is Lincoln National's payout annuities — current discount rate?
Lincoln National (LNC) reported payout annuities — current discount rate of 5.3% in Q1 2026.
How has Lincoln National's payout annuities — current discount rate changed year-over-year?
Lincoln National's payout annuities — current discount rate increased by 1.9% year-over-year, from 5.2% to 5.3%.
What is the long-term trend for Lincoln National's payout annuities — current discount rate?
Over 2 years (2023 to 2025), Lincoln National's payout annuities — current discount rate has grown at a -0.7% compound annual growth rate (CAGR), from 20.8% to 20.5%.
What does payout annuities — current discount rate mean?
The interest rate used to determine the present value of future cash flows for annuity liabilities. Changes in this rate significantly impact the valuation of reserves and the reported financial results. A higher discount rate generally reduces the present value of future liabilities, while a lower rate increases them.

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