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Lincoln National LNC Retirement Plan Services — Net amount at risk

Other product segments

UL and Other
$292.05B-2.4%
Variable Annuities
$2.65B+5.3%
Fixed Annuities
$425M+66.7%

Similar metrics at other companies

Prudential Financial logo
PRURetirement — Net amount at risk
$667M
MetLife logo
METAnnuities and Risk Solutions — Net amount at risk
$46.52B+4.1%
Jackson Financial logo
JXNVariable annuity — Net amount at risk
$7.19B-11.3%
Unum logo
UNMVoluntary Benefits — Net Amount at Risk
$3.64B-10.0%
KKR & Co. logo
KKRNet amount at risk
$104.49M-99.9%
Prudential Financial logo
PRUAnnuities — Net amount at risk
$9B-7.4%

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:PolicyholderAccountBalanceNetAmountAtRisk.

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 — net amount at risk?
Lincoln National (LNC) reported retirement plan services — net amount at risk of $3M in Q1 2026.
How has Lincoln National's retirement plan services — net amount at risk changed year-over-year?
Lincoln National's retirement plan services — net amount at risk decreased by 25.0% year-over-year, from $4M to $3M.
What is the long-term trend for Lincoln National's retirement plan services — net amount at risk?
Over 2 years (2023 to 2025), Lincoln National's retirement plan services — net amount at risk has grown at a -40.2% compound annual growth rate (CAGR), from $28M to $10M.
What does retirement plan services — net amount at risk mean?
The difference between the guaranteed death or income benefit and the current account value for policies with specific guarantees. This represents the potential exposure the insurer faces if market conditions deteriorate and policyholders exercise their guarantees. It is a fundamental measure of the insurance risk embedded in the retirement product portfolio.