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Lincoln National LNC Retirement Plan Services — Deferrals

Other segment segments

UL and Other
$106M+12.8%
Group Protection
$30M-6.3%
Traditional Life
$24M+14.3%

Similar metrics at other companies

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VOYARetirement Deferred Group and Individual Annuity — Deferrals of commissions and expenses
$13M-7.1%
Jackson Financial logo
JXNRILA — Deferrals of acquisition costs
$82M+11.6%
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JXNVariable annuity — Deferrals of acquisition costs
$141M+38.2%
Voya Financial logo
VOYABusinesses Exited — Deferrals of commissions and expenses
$0
Voya Financial logo
VOYAHealth Solutions — Deferrals of commissions and expenses
$13M+18.2%
Prudential Financial logo
PRURetirement — Capitalization
$177M-14.1%

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$8.93B+19.5%
Enterprise value$7.96B+30.5%
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:DeferredPolicyAcquisitionCostsAdditions.

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 itemVariable AnnuitiesFixed AnnuitiesTraditional LifeUL and OtherGroup ProtectionRetirement Plan Services
Balance as of beginning-of-year$4,008$452$1,281$6,057$198$242
Deferrals1424624106305
Amortization(108)(19)(35)(83)(32)(4)
Balance as of end-of-period$4,042$479$1,270$6,080$196$243

Item 1. Financial Statements

FAQ

What is Lincoln National's retirement plan services — deferrals?
Lincoln National (LNC) reported retirement plan services — deferrals of $5M in Q1 2026.
How has Lincoln National's retirement plan services — deferrals changed year-over-year?
Lincoln National's retirement plan services — deferrals decreased by 0.0% year-over-year, from $5M to $5M.
What is the long-term trend for Lincoln National's retirement plan services — deferrals?
Over 3 years (2022 to 2025), Lincoln National's retirement plan services — deferrals has grown at a -1.7% compound annual growth rate (CAGR), from $20M to $19M.
What does retirement plan services — deferrals mean?
This represents the periodic additions to capitalized acquisition costs or sales inducements during the reporting period. It reflects the immediate cash outlay for acquiring new business that will be recognized as an expense over future periods. Monitoring this helps investors understand the current pace of business growth and the associated upfront investment costs.

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