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Lincoln National LNC Traditional Life — Benefit payments

Other segment segments

Group Protection
-$380M-2.4%
UL and Other
-$304M-52.0%
Payout Annuities
-$55M-12.2%

Similar metrics at other companies

Fidelity National Financial logo
FNFTraditional Life — Expected future benefit payments
$1.79B-7.4%
MetLife logo
METWhole and Term Life & Endowments — Benefit payments
-$256M-4.9%
Apollo Global Management logo
APOWhole Life — Benefit payments
$88M+300%
Fidelity National Financial logo
FNFTraditional Life — Future policy benefits
$1.23B-5.9%
Fidelity National Financial logo
FNFTraditional Life — Liability for Future Policy Benefit, Expected Future Policy Benefit, Benefit Payment
$50M-12.3%
Prudential Financial logo
PRUTerm Life — Benefit payments
-$375M+4.3%

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:LiabilityForFuturePolicyBenefitsPaymentForBenefits.

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 traditional life — benefit payments?
Lincoln National (LNC) reported traditional life — benefit payments of -$199M in Q1 2026.
How has Lincoln National's traditional life — benefit payments changed year-over-year?
Lincoln National's traditional life — benefit payments increased by 15.0% year-over-year, from -$234M to -$199M.
What is the long-term trend for Lincoln National's traditional life — benefit payments?
Over 3 years (2022 to 2025), Lincoln National's traditional life — benefit payments has grown at a 4.0% compound annual growth rate (CAGR), from -$755M to -$849M.
What does traditional life — benefit payments mean?
The total cash outflows paid to policyholders or beneficiaries for claims, surrenders, or matured policies within the traditional life segment. Monitoring this helps assess the actual cash impact of mortality and policyholder activity against actuarial expectations.