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Lincoln National LNC Traditional Life — Issuances

Other segment segments

Group Protection
$377M-6.2%
Payout Annuities
$18M-18.2%

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HMNWhole Life Insurance — Issuances
$2.5M+4.2%
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HMNExperience Life Insurance — Issuances
$0
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HMNLife Contingent SPIA Retirement Insurance — Issuances
$200K-66.7%
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HMNLimited Pay Whole Life Insurance — Issuances
$500K0.0%
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UNMOther Insurance Product Line — Issuances
$19.3M-13.8%

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:LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitIssuance.

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 itemAs of or For the Three Months Ended March 31, 2026 / Payout AnnuitiesAs of or For the Three Months Ended March 31, 2026 / Traditional LifeAs of or For the Three Months Ended March 31, 2025 / Payout AnnuitiesAs of or For the Three Months Ended March 31, 2025 / Traditional Life
Beginning balance at original discount rate (2)2,2199,2502,26010,085
Effect of actual variances from expected experience (1)(3)(31)(1)(55)
Adjusted balance as of beginning-of-year2,2169,2192,25910,030
Issuances18722264
Interest accrual22922299
Benefit payments(55)(199)(49)(234)
Ending balance at original discount rate (2)2,2019,1842,2549,959
Effect of cumulative changes in discount

Item 1. Financial Statements

FAQ

What is Lincoln National's traditional life — issuances?
Lincoln National (LNC) reported traditional life — issuances of $72M in Q1 2026.
How has Lincoln National's traditional life — issuances changed year-over-year?
Lincoln National's traditional life — issuances increased by 12.5% year-over-year, from $64M to $72M.
What is the long-term trend for Lincoln National's traditional life — issuances?
Over 3 years (2022 to 2025), Lincoln National's traditional life — issuances has grown at a -44.6% compound annual growth rate (CAGR), from $1.66B to $282M.
What does traditional life — issuances mean?
Represents the total value of new insurance contracts or policy additions recognized within the traditional life insurance segment during the period. This metric reflects the volume of new business production and the company's ability to attract new policyholders in the traditional life market.

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