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Lincoln National LNC Payout Annuities — Interest accretion

Other segment segments

UL and Other
$248M+8.8%
Group Protection
$55M+10.0%
Traditional Life
$36M-2.7%

Similar metrics at other companies

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CNOOther annuities — Interest accretion
$3.1M-6.1%
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CNOMedicare supplement — Interest accretion
$2.5M-3.8%
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CNOSupplemental health — Interest accretion
$43M+1.7%
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CNOTraditional life — Interest accretion
$29.7M+2.8%
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CNOLong-term care — Interest accretion
$43.7M-0.2%
Equitable Holdings logo
EQHPayout — Interest Accretion
$56M+7.7%

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$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:LiabilityForFuturePolicyBenefitInterestExpense.

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
Gross premiums$17$23
Interest accretion2222
Traditional Life
Gross premiums303314
Interest accretion3637

Item 1. Financial Statements

FAQ

What is Lincoln National's payout annuities — interest accretion?
Lincoln National (LNC) reported payout annuities — interest accretion of $22M in Q1 2026.
How has Lincoln National's payout annuities — interest accretion changed year-over-year?
Lincoln National's payout annuities — interest accretion decreased by 0.0% year-over-year, from $22M to $22M.
What is the long-term trend for Lincoln National's payout annuities — interest accretion?
Over 4 years (2021 to 2025), Lincoln National's payout annuities — interest accretion has grown at a 1.2% compound annual growth rate (CAGR), from $84M to $88M.
What does payout annuities — interest accretion mean?
The periodic increase in the liability for future policy benefits resulting from the passage of time, calculated based on the discount rate applied to the reserves. This reflects the cost of carrying long-term insurance liabilities. It is a critical component of the interest-adjusted expense structure for annuity products.

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