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Lincoln National LNC Retirement Plan Services — Insurance Commissions

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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:InsuranceCommissions.

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 itemAnnuitiesLife InsuranceGroup ProtectionRetirement Plan ServicesOther OperationsTotal
Benefits and policyholder liability
remeasurement2497599472,000
Interest credited49529117043999
Commissions339112135291616
General and administrative expenses1331292308963644
Interest and debt expense8181
Other (3)(42)795374101
Total operating expenses9491,5861,4122951994,441

Item 1. Financial Statements

FAQ

What is Lincoln National's retirement plan services — insurance commissions?
Lincoln National (LNC) reported retirement plan services — insurance commissions of $29M in Q1 2026.
How has Lincoln National's retirement plan services — insurance commissions changed year-over-year?
Lincoln National's retirement plan services — insurance commissions increased by 7.4% year-over-year, from $27M to $29M.
What is the long-term trend for Lincoln National's retirement plan services — insurance commissions?
Over 3 years (2022 to 2025), Lincoln National's retirement plan services — insurance commissions has grown at a 13.7% compound annual growth rate (CAGR), from $79M to $116M.
What does retirement plan services — insurance commissions mean?
This represents the compensation paid to agents, brokers, and financial advisors for the sale and distribution of retirement and insurance products. It is a primary variable cost component of the segment's distribution strategy. Analyzing this relative to new business volume helps investors evaluate the efficiency of the company's sales and distribution channels.

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