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Lincoln National LNC Traditional Life — Deferred Policy Acquisition Cost

Other segment segments

UL and Other
$6.08B+2.5%
Group Protection
$181M
Other Operations
$6M

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PRUIndividual Life — Deferred Policy Acquisition Costs
$7.59B+7.0%
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CINFTerm Life Insurance — Deferred policy acquisition costs
$260M+4.8%
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PRUTerm Life Insurance — Deferred Policy Acquisition Cost
$2.2B-0.5%
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GLLife — Deferred Policy Acquisition Costs, Amortization Expense
$102.69M+13.3%
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PRITerm Life — Deferred Policy Acquisition Costs
$3.89B+5.8%
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PFGTerm Life Insurance — Deferred Policy Acquisition Cost Amortization Expense
$16M+2.6%

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:DeferredPolicyAcquisitionCosts.

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 — deferred policy acquisition cost?
Lincoln National (LNC) reported traditional life — deferred policy acquisition cost of $1.27B in Q1 2026.
How has Lincoln National's traditional life — deferred policy acquisition cost changed year-over-year?
Lincoln National's traditional life — deferred policy acquisition cost decreased by 3.7% year-over-year, from $1.32B to $1.27B.
What is the long-term trend for Lincoln National's traditional life — deferred policy acquisition cost?
Over 2 years (2023 to 2025), Lincoln National's traditional life — deferred policy acquisition cost has grown at a -2.4% compound annual growth rate (CAGR), from $5.47B to $5.2B.
What does traditional life — deferred policy acquisition cost mean?
This represents the capitalized costs directly related to the successful acquisition of new insurance policies, such as commissions and underwriting expenses. These costs are deferred and amortized over the expected life of the policies to match expenses with related revenues. It serves as a key indicator of the company's investment in business growth and future profitability.