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Lincoln National LNC UL and Other — Benefit payments

Other segment segments

Group Protection
-$380M-2.4%
Traditional Life
-$199M+15.0%
Payout Annuities
-$55M-12.2%

Similar metrics at other companies

Equitable Holdings logo
EQHUL — Policyholder Account Balance, Benefit Payment
$43M-34.8%
Fidelity National Financial logo
FNFUniversal Life — Policyholder Account Balance, Benefit Payment
$5M-79.2%
Equitable Holdings logo
EQHUL — Liability for Future Policy Benefit, Expected Future Policy Benefit, Benefit Payment
$15M-31.8%
Principal Financial Group logo
PFGUniversal Life — Policyholder Account Balance Surrender Withdrawal And Benefit Payment
$191.7M+17.3%
Ameriprise Financial logo
AMPUniversal Life Insurance — Additional Liability, Long-Duration Insurance, Benefit Payment
$21M-8.7%
Equitable Holdings logo
EQHUL — Other (4)
$0

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:LiabilityForFuturePolicyBenefitsPaymentForBenefits.

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 UL and other — benefit payments?
Lincoln National (LNC) reported UL and other — benefit payments of -$304M in Q1 2026.
How has Lincoln National's UL and other — benefit payments changed year-over-year?
Lincoln National's UL and other — benefit payments decreased by 52.0% year-over-year, from -$200M to -$304M.
What is the long-term trend for Lincoln National's UL and other — benefit payments?
Over 3 years (2022 to 2025), Lincoln National's UL and other — benefit payments has grown at a 19.7% compound annual growth rate (CAGR), from -$628M to -$1.08B.
What does UL and other — benefit payments mean?
Represents the total cash outflows paid to policyholders or beneficiaries for claims, surrenders, or matured policies within the Universal Life and related insurance segments. This metric reflects the actual realization of insurance risk and is a primary driver of liquidity requirements for the segment.