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Lincoln National LNC Payout Annuities — Deferred profit liability

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FNFImmediate annuities — Deferred profit liability
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JXNPayout Annuity — Interest accrual
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JXNPayout Annuities — Liability for Future Policy Benefit, Expected Future Policy Benefit, Benefit Payment
$43M+7.5%

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 lnc:LiabilityForFuturePolicyBenefitDeferredProfitLiability.

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 — deferred profit liability?
Lincoln National (LNC) reported payout annuities — deferred profit liability of $94M in Q1 2026.
How has Lincoln National's payout annuities — deferred profit liability changed year-over-year?
Lincoln National's payout annuities — deferred profit liability increased by 44.6% year-over-year, from $65M to $94M.
What is the long-term trend for Lincoln National's payout annuities — deferred profit liability?
Over 2 years (2023 to 2025), Lincoln National's payout annuities — deferred profit liability has grown at a 28.8% compound annual growth rate (CAGR), from $190M to $315M.
What does payout annuities — deferred profit liability mean?
Represents the unearned profit portion of annuity contracts that is deferred and recognized over the life of the policy. This liability reflects the portion of premiums that will be recognized as revenue in future periods as services are provided. Monitoring this helps investors understand the timing of profit recognition and the long-term earnings potential of the annuity block.