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Lincoln National LNC UL and Other — Interest credited

Other product segments

Fixed Annuities
$256M+21.9%
Variable Annuities
$230M+15.6%

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$44M-6.4%

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:InterestCreditedToPolicyholdersAccountBalances.

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 itemVariable AnnuitiesFixed AnnuitiesUL and OtherRetirement Plan Services
Withdrawals(920)(616)(403)(1,279)
Policyholder assessments(1)(15)(1,095)(5)
Net transfers from (to) separate account(651)6886
Interest credited230256357169
Change in fair value of embedded derivative
instruments and other(1,444)(97)(27)
Balance as of end-of-period$39,143$28,974$35,723$23,694
Weighted-average crediting rate2.3%3.6%4.0%2.8%

Item 1. Financial Statements

FAQ

What is Lincoln National's UL and other — interest credited?
Lincoln National (LNC) reported UL and other — interest credited of $357M in Q1 2026.
How has Lincoln National's UL and other — interest credited changed year-over-year?
Lincoln National's UL and other — interest credited increased by 0.3% year-over-year, from $356M to $357M.
What is the long-term trend for Lincoln National's UL and other — interest credited?
Over 3 years (2022 to 2025), Lincoln National's UL and other — interest credited has grown at a -1.2% compound annual growth rate (CAGR), from $1.49B to $1.44B.
What does UL and other — interest credited mean?
The total interest expense accrued and credited to policyholder account balances based on the contractual rates or performance of underlying assets. This represents a significant cost of funds for the insurance business.

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