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Lincoln National LNC UL and Other — Net amount at risk

Other product segments

Variable Annuities
$2.65B+5.3%
Fixed Annuities
$425M+66.7%

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$7.86B-4.3%
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$733M-9.4%
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PFGUniversal Life — Policyholder Account Balance Net Amount At Risk
$86B0.0%

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:PolicyholderAccountBalanceNetAmountAtRisk.

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 — net amount at risk?
Lincoln National (LNC) reported UL and other — net amount at risk of $292.05B in Q1 2026.
How has Lincoln National's UL and other — net amount at risk changed year-over-year?
Lincoln National's UL and other — net amount at risk decreased by 2.4% year-over-year, from $299.11B to $292.05B.
What is the long-term trend for Lincoln National's UL and other — net amount at risk?
Over 2 years (2023 to 2025), Lincoln National's UL and other — net amount at risk has grown at a -1.4% compound annual growth rate (CAGR), from $1.21T to $1.18T.
What does UL and other — net amount at risk mean?
The difference between the death benefit payable and the current policyholder account balance, representing the insurer's net exposure to mortality risk. A higher amount at risk indicates greater potential impact from adverse mortality experience.