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Lincoln National LNC Traditional Life — Impact on net premiums, mortality

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FNFTraditional Life — Gross premiums
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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$8.93B+19.5%
Enterprise value$7.96B+30.5%
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 lnc:LiabilityForFuturePolicyBenefitExpectedNetPremiumMortality.

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

(1) For the three months ended March 31, 2026, the Traditional Life actual to expected reserve impact on expected net premiums was attributable primarily to mortality, which unfavorably impacted the liability by $7 million; and the actual to expected reserve impact on expected future policy benefits was attributable primarily to mortality and policyholder behavior, which favorably impacted the liability by $23 million and $8 million, respectively. For the three months ended March 31, 2025, the Traditional Life actual to expected reserve impact on expected net premiums was attributable primarily to policyholder behavior and mortality, which unfavorably impacted the liability by $43 million and $5 million, respectively; and the actual to expected reserve impact on expected future policy benefits was attributable primarily to policyholder behavior, which favorably impacted the liability by $58 million, which was partially offset by $3 million primarily related to mortality. For the three months ended March 31, 2026 and 2025, Payout Annuities did not have any significantly different actual experience compared to expected.

Item 1. Financial Statements

FAQ

What is Lincoln National's traditional life — impact on net premiums, mortality?
Lincoln National (LNC) reported traditional life — impact on net premiums, mortality of $7M in Q1 2026.
How has Lincoln National's traditional life — impact on net premiums, mortality changed year-over-year?
Lincoln National's traditional life — impact on net premiums, mortality increased by 240.0% year-over-year, from -$5M to $7M.
What does traditional life — impact on net premiums, mortality mean?
Quantifies the adjustment to net premium revenue resulting from variances between actual mortality experience and the actuarial assumptions used to price policies. This reflects the sensitivity of the segment's profitability to changes in policyholder death rates.

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