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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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JXNPayout Annuities — Current discount rate
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APOPayout Annuities with Life Contingencies — Weighted-average current discount rate
5.5%+0.1pp
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KKRPayout Annuities — Weighted-Average Interest Rates, Current Discount Rate
5.4%+0.1pp
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KKRPayout Annuities — Expected Future Benefit Payments, Discounted (Current Discount Rate)
$22.69B+17.1%
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KKRPayout Annuities — Effect of Changes in Discount Rate Assumptions
-$2.69B+3.4%
Fidelity National Financial logo
FNFImmediate annuities — Current discount rate
5.6%+0.2pp

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:LiabilityForFuturePolicyBenefitCurrentWeightedAverageDiscountRate.

The official record: Lincoln National’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

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.