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Lincoln National LNC Traditional Life — Deferrals

Other segment segments

UL and Other
$106M+12.8%
Group Protection
$30M-6.3%

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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:DeferredPolicyAcquisitionCostsAdditions.

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 AnnuitiesTraditional LifeUL and OtherGroup ProtectionRetirement Plan Services
Balance as of beginning-of-year$4,008$452$1,281$6,057$198$242
Deferrals1424624106305
Amortization(108)(19)(35)(83)(32)(4)
Balance as of end-of-period$4,042$479$1,270$6,080$196$243

Item 1. Financial Statements

FAQ

What is Lincoln National's traditional life — deferrals?
Lincoln National (LNC) reported traditional life — deferrals of $24M in Q1 2026.
How has Lincoln National's traditional life — deferrals changed year-over-year?
Lincoln National's traditional life — deferrals increased by 14.3% year-over-year, from $21M to $24M.
What does traditional life — deferrals mean?
This metric tracks the current period additions to deferred acquisition costs or other capitalized policy-related expenses. It indicates the level of new business activity and the associated upfront costs incurred during the reporting period. High levels of deferrals suggest active sales growth, while low levels may indicate a slowdown in new policy acquisition.

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