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Lincoln National LNC Retirement Plan Services — Cash surrender value

Other product segments

Variable Annuities
$37.76B+14.0%
UL and Other
$32.39B-0.8%

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$79.74B+32.4%
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UNMVoluntary Benefits — Cash surrender value
$530.7M-4.4%
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$109.05M-99.9%
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METStable Value and Risk Solutions — Cash Surrender Value
3,443,100,000,000%+35,400,000,000pp
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SCICash Surrender Value of Life Insurance, Retirement Plans
$30.8M+2.3%
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GLOther — Cash surrender value
$576.45M+24.5%

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 us-gaap:CashSurrenderValueDuePolicyholdersAmount.

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 retirement plan services — cash surrender value?
Lincoln National (LNC) reported retirement plan services — cash surrender value of $23.66B in Q1 2026.
How has Lincoln National's retirement plan services — cash surrender value changed year-over-year?
Lincoln National's retirement plan services — cash surrender value increased by 0.9% year-over-year, from $23.44B to $23.66B.
What is the long-term trend for Lincoln National's retirement plan services — cash surrender value?
Over 2 years (2023 to 2025), Lincoln National's retirement plan services — cash surrender value has grown at a -1.3% compound annual growth rate (CAGR), from $97.27B to $94.73B.
What does retirement plan services — cash surrender value mean?
The total amount payable to policyholders upon the voluntary termination of their retirement contracts before maturity. This metric represents the immediate liquidity obligation the insurer faces if a significant portion of the policyholder base chooses to exit their plans. It is a critical measure of potential cash outflow risk and policyholder retention stability.