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Lincoln National LNC UL and Other — Interest accretion

Other segment segments

Group Protection
$55M+10.0%
Traditional Life
$36M-2.7%
Payout Annuities
$22M0.0%

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$2.5M-3.8%
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CNOSupplemental health — Interest accretion
$43M+1.7%
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CNOTraditional life — Interest accretion
$29.7M+2.8%
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CNOLong-term care — Interest accretion
$43.7M-0.2%
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EQHHealth — Interest Accretion
$12M-7.7%

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:LiabilityForFuturePolicyBenefitInterestExpense.

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 itemFor the Three Months Ended March 31, 2026For the Three Months Ended March 31, 2025
UL and Other
Gross assessments$781$700
Interest accretion248228

Item 1. Financial Statements

FAQ

What is Lincoln National's UL and other — interest accretion?
Lincoln National (LNC) reported UL and other — interest accretion of $248M in Q1 2026.
How has Lincoln National's UL and other — interest accretion changed year-over-year?
Lincoln National's UL and other — interest accretion increased by 8.8% year-over-year, from $228M to $248M.
What is the long-term trend for Lincoln National's UL and other — interest accretion?
Over 4 years (2021 to 2025), Lincoln National's UL and other — interest accretion has grown at a 17.2% compound annual growth rate (CAGR), from $498M to $941M.
What does UL and other — interest accretion mean?
The periodic increase in the liability for future policy benefits due to the passage of time, reflecting the unwinding of the discount rate applied to future obligations. It is a fundamental component of the cost of insurance and reflects the interest-sensitive nature of the segment's liabilities.

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