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Lincoln National LNC Traditional Life — Current discount rate

Other segment segments

Payout Annuities
5.3%+1.9%
Group Protection
5%+2.0%

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FNFTraditional Life — Liability for Future Policy Benefit, Expected Future Policy Benefit, Original Discount Rate, before Cash Flow and Reinsurance
$2.13B-8.7%

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:LiabilityForFuturePolicyBenefitCurrentWeightedAverageDiscountRate.

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 — current discount rate?
Lincoln National (LNC) reported traditional life — current discount rate of 4.9% in Q1 2026.
How has Lincoln National's traditional life — current discount rate changed year-over-year?
Lincoln National's traditional life — current discount rate decreased by 0.0% year-over-year, from 4.9% to 4.9%.
What is the long-term trend for Lincoln National's traditional life — current discount rate?
Over 2 years (2023 to 2025), Lincoln National's traditional life — current discount rate has grown at a -3.0% compound annual growth rate (CAGR), from 20.1% to 18.9%.
What does traditional life — current discount rate mean?
The prevailing market-based discount rate applied to value future insurance policy obligations at the reporting date. Changes in this rate significantly impact the present value of liabilities and are a key driver of volatility in the balance sheet for life insurers.