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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

Corebridge Financial logo
CRBGGroup Retirement — Net transfers from (to) separate account
$1.21B+13.5%
Corebridge Financial logo
CRBGIndividual Retirement — Net transfers from (to) separate account
$0
Brighthouse Financial logo
BHFULSG — Net transfers from (to) separate account
$0
Brighthouse Financial logo
BHFVariable Annuities — Net transfers from (to) separate account
$42M+35.5%
Brighthouse Financial logo
BHFFixed Rate Annuities — Net transfers from (to) separate account
$0
Brighthouse Financial logo
BHFIndex-linked Annuities — Net transfers from (to) separate account
$0

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:TransferToFromPolicyholderAccountBalanceToFromSeparateAccount.

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 AnnuitiesUL and OtherRetirement Plan Services
Gross deposits1,869718837880
Withdrawals(920)(616)(403)(1,279)
Policyholder assessments(1)(15)(1,095)(5)
Net transfers from (to) separate account(651)6886
Interest credited230256357169
Change in fair value of embedded derivative
instruments and other(1,444)(97)(27)
Balance as of end-of-period$39,143$28,974$35,723$23,694

Item 1. Financial Statements

FAQ

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.

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