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Lincoln National LNC Retirement Plan Services — Separate account liabilities

Other product segments

Variable Annuities
11,671,600,000,000%+2.7%
UL and Other
3,323,700,000,000%+18.3%
Other
5,900,000,000%+3.5%

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PFGGroup Retirement Contracts Product — Separate Accounts Liability
13,096,440,000,000%+911,270,000,000pp
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PFGSeparate account liabilities
$185.79B+8.5%
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EQHRetirement — Separate Accounts assets
$80.41B
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CBSeparate account liabilities
$6.72B+6.9%

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:SeparateAccountsLiability.

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 — separate account liabilities?
Lincoln National (LNC) reported retirement plan services — separate account liabilities of 2,203,100,000,000% in Q1 2026.
How has Lincoln National's retirement plan services — separate account liabilities changed year-over-year?
Lincoln National's retirement plan services — separate account liabilities increased by 6.4% year-over-year, from 2,070,800,000,000% to 2,203,100,000,000%.
What is the long-term trend for Lincoln National's retirement plan services — separate account liabilities?
Over 2 years (2023 to 2025), Lincoln National's retirement plan services — separate account liabilities has grown at a 9.5% compound annual growth rate (CAGR), from 7,429,200,000,000% to 8,909,400,000,000%.
What does retirement plan services — separate account liabilities mean?
Represents the total value of assets held in separate accounts that are legally segregated from the company's general account to support specific policyholder obligations. This metric reflects the scale of the segment's variable annuity and retirement plan assets where the investment risk is primarily borne by the policyholder.