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Lincoln National LNC Retirement Plan Services — Net transfers from (to) separate account

Other product segments

Variable Annuities
-65,100,000,000%-127%
UL and Other
6,800,000,000%+386%
Fixed Annuities
0%

Similar metrics at other companies

Jackson Financial logo
JXNNet transfers from (to) separate accounts
$5.4B+3.8%
Apollo Global Management logo
APORetirement Services — Net Transfers In (Out)
-$819M+80.4%
Ameriprise Financial logo
AMPNet transfers from (to) separate accounts
-$39M-8.3%
MetLife logo
METInvestment Product — Net transfers from (to) separate accounts
-1,100,000,000%-462,318,841pp
Jackson Financial logo
JXNNet transfers from (to) separate accounts
$5.4B+3.8%
MetLife logo
METAnnuities and Risk Solutions — Net transfers from (to) separate accounts
-600,000,000%-2,100,000,000pp

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:TransferToFromPolicyholderAccountBalanceToFromSeparateAccount.

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 transfers from (to) separate account?
Lincoln National (LNC) reported retirement plan services — net transfers from (to) separate account of 8,600,000,000% in Q1 2026.
How has Lincoln National's retirement plan services — net transfers from (to) separate account changed year-over-year?
Lincoln National's retirement plan services — net transfers from (to) separate account decreased by 59.2% year-over-year, from 21,100,000,000% to 8,600,000,000%.
What is the long-term trend for Lincoln National's retirement plan services — net transfers from (to) separate account?
Over 3 years (2022 to 2025), Lincoln National's retirement plan services — net transfers from (to) separate account has grown at a 1.9% compound annual growth rate (CAGR), from 51,000,000,000% to 54,000,000,000%.
What does retirement plan services — net transfers from (to) separate account mean?
The net flow of capital into or out of separate accounts, which are segregated from the insurer's general assets to support variable retirement products. Positive net transfers indicate strong investor appetite for market-linked investment options, while negative transfers suggest a flight to safety or reduced interest in variable products. This metric is a key indicator of market-based product demand.