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Lincoln National LNC UL and Other — Policyholder account balances

Other product segments

Variable Annuities
$39.14B+13.9%
Fixed Annuities
$28.97B+11.3%
Other
$8.15B+58.1%

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EQHUL — Policyholders’ account balance reconciliation
$4.89B-2.4%
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CINFUniversal life — Policyholder Account Balance
$449M-1.8%
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EQHUL — Policyholder account value
$4.87B-2.3%
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FNFUniversal Life — Policyholder Account Balance Including Customers With No Guaranteed Credit Rating
$3.43B

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:PolicyholderFunds.

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 — policyholder account balances?
Lincoln National (LNC) reported UL and other — policyholder account balances of $35.72B in Q1 2026.
How has Lincoln National's UL and other — policyholder account balances changed year-over-year?
Lincoln National's UL and other — policyholder account balances decreased by 1.4% year-over-year, from $36.22B to $35.72B.
What is the long-term trend for Lincoln National's UL and other — policyholder account balances?
Over 2 years (2023 to 2025), Lincoln National's UL and other — policyholder account balances has grown at a -1.7% compound annual growth rate (CAGR), from $149.39B to $144.33B.
What does UL and other — policyholder account balances mean?
The total value of funds held by the insurer on behalf of policyholders within the Universal Life and related insurance segments. This balance represents the core liability for the company and reflects the accumulation of premiums, interest credits, and fees over the life of the policies.