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Lincoln National LNC UL and Other — Deferrals

Other segment segments

Group Protection
$30M-6.3%
Traditional Life
$24M+14.3%

Similar metrics at other companies

Principal Financial Group logo
PFGUniversal Life — Unearned Revenue Liability Deferrals
$14.2M-3.4%
Fidelity National Financial logo
FNFUniversal Life — Deferred acquisition costs
$1.08B+29.1%
Principal Financial Group logo
PFGUniversal Life — Deferred Policy Acquisition Costs Excluding Short Duration Contracts
$1.51B-1.0%
Cincinnati Financial logo
CINFUniversal life — Capitalized deferred policy acquisition costs
$0-100%
Unum logo
UNMUnum International — Deferral of Acquisition Costs
$9.2M+73.6%
KKR & Co. logo
KKRCertain Universal Life Insurance Products and Preneed Contracts — Deferral
$17.24M+2.2%

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:DeferredPolicyAcquisitionCostsAdditions.

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 — deferrals?
Lincoln National (LNC) reported UL and other — deferrals of $106M in Q1 2026.
How has Lincoln National's UL and other — deferrals changed year-over-year?
Lincoln National's UL and other — deferrals increased by 12.8% year-over-year, from $94M to $106M.
What is the long-term trend for Lincoln National's UL and other — deferrals?
Over 3 years (2022 to 2025), Lincoln National's UL and other — deferrals has grown at a -4.9% compound annual growth rate (CAGR), from $539M to $464M.
What does UL and other — deferrals mean?
This represents the total amount of acquisition-related costs capitalized during a specific period for the Universal Life and related business segments. It reflects the immediate investment made to secure new policyholders and expand the insurance portfolio. High levels of deferrals indicate active business development and growth efforts.