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Lincoln National LNC UL and Other — Separate Account, Liability, Withdrawal

Other product segments

Variable Annuities
460,000,000,000%+17.5%

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23,900,000,000%+4,200,000,000pp

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:SeparateAccountLiabilityWithdrawal.

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 itemAs of or For the Three Months Ended March 31, 2026 / Variable AnnuitiesAs of or For the Three Months Ended March 31, 2026 / UL and OtherAs of or For the Three Months Ended March 31, 2026 / Retirement Plan ServicesAs of or For the Three Months Ended March 31, 2025 / Variable AnnuitiesAs of or For the Three Months Ended March 31, 2025 / UL and OtherAs of or For the Three Months Ended March 31, 2025 / Retirement Plan Services
Balance as of beginning-of-year$122,945$34,038$23,047$117,998$28,841$21,541
Gross deposits1,3544165601,557353627
Withdrawals(4,600)(216)(1,002)(3,915)(204)(902)
Policyholder assessments(667)(252)(49)(656)(246)(46)
Change in market performance(3,140)(681)(518)(1,798)(624)(478)
Net transfers from (to) general account824(68)(7)449(14)(34)
Balance as of end-of-period$116,716$33,237$22,031$113,635$28,106$20,708
Cash surrender value$115,301$30,835$22,018$112,239$23,577$20,695

Item 1. Financial Statements

FAQ

What is Lincoln National's UL and other — separate account, liability, withdrawal?
Lincoln National (LNC) reported UL and other — separate account, liability, withdrawal of 21,600,000,000% in Q1 2026.
How has Lincoln National's UL and other — separate account, liability, withdrawal changed year-over-year?
Lincoln National's UL and other — separate account, liability, withdrawal increased by 5.9% year-over-year, from 20,400,000,000% to 21,600,000,000%.
What is the long-term trend for Lincoln National's UL and other — separate account, liability, withdrawal?
Over 3 years (2022 to 2025), Lincoln National's UL and other — separate account, liability, withdrawal has grown at a 24.1% compound annual growth rate (CAGR), from 45,400,000,000% to 86,700,000,000%.
What does UL and other — separate account, liability, withdrawal mean?
Reflects the total value of assets withdrawn by policyholders from their separate account balances during the period. High levels of withdrawals can indicate increased policyholder churn or a shift in investment preferences, impacting the company's assets under management.

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