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Lincoln National LNC UL and Other — Deferred Policy Acquisition Cost

Other segment segments

Traditional Life
$1.27B-3.7%
Group Protection
$181M
Other Operations
$6M

Similar metrics at other companies

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EQHUL — Deferred policy acquisition costs
$165M-4.1%
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EQHUL — Deferred Policy Acquisition Costs Recovery of Acquisition Cost
$1M
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EQHUL — Deferred Policy Acquisition Costs, Amortization Expense
$3M0.0%
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CINFUniversal life — Deferred policy acquisition costs
$49M-3.9%
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PFGUniversal Life — Deferred Policy Acquisition Cost Amortization Expense
$23.6M-0.8%
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AXSDeferred Policy Acquisition Costs, Amortization Expense
$304.26M+15.0%

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: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 UL and other — deferred policy acquisition cost?
Lincoln National (LNC) reported UL and other — deferred policy acquisition cost of $6.08B in Q1 2026.
How has Lincoln National's UL and other — deferred policy acquisition cost changed year-over-year?
Lincoln National's UL and other — deferred policy acquisition cost increased by 2.5% year-over-year, from $5.93B to $6.08B.
What is the long-term trend for Lincoln National's UL and other — deferred policy acquisition cost?
Over 2 years (2023 to 2025), Lincoln National's UL and other — deferred policy acquisition cost has grown at a 2.3% compound annual growth rate (CAGR), from $22.87B to $23.94B.
What does UL and other — 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 is a key indicator of the company's investment in business growth and long-term profitability.