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Lincoln National LNC Variable Annuities — Deferred policy acquisition costs, amortization expense

Other product segments

Fixed Annuities
$19M+18.8%

Similar metrics at other companies

Jackson Financial logo
JXNVariable annuity — Deferred Policy Acquisition Costs, Amortization Expense
$255M-1.9%
Principal Financial Group logo
PFGVariable Annuity — Deferred Policy Acquisition Cost Amortization Expense
$9.6M+17.1%
Ameriprise Financial logo
AMPVariable Annuity — Amortization of deferred acquisition costs
$27M-3.6%
Cincinnati Financial logo
CINFDeferred Fixed Annuity — Deferred Policy Acquisition Costs, Amortization Expense
$0
Prudential Financial logo
PRUAnnuities — Amortization of deferred policy acquisition costs
$58M-4.9%
KKR & Co. logo
KKRFixed Rate Annuities — Deferred Policy Acquisition Costs, Amortization Expense
$31.78M+6.5%

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:DeferredPolicyAcquisitionCostAmortizationExpense.

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 variable annuities — deferred policy acquisition costs, amortization expense?
Lincoln National (LNC) reported variable annuities — deferred policy acquisition costs, amortization expense of $108M in Q1 2026.
How has Lincoln National's variable annuities — deferred policy acquisition costs, amortization expense changed year-over-year?
Lincoln National's variable annuities — deferred policy acquisition costs, amortization expense increased by 11.3% year-over-year, from $97M to $108M.
What is the long-term trend for Lincoln National's variable annuities — deferred policy acquisition costs, amortization expense?
Over 3 years (2022 to 2025), Lincoln National's variable annuities — deferred policy acquisition costs, amortization expense has grown at a 5.0% compound annual growth rate (CAGR), from $357M to $413M.
What does variable annuities — deferred policy acquisition costs, amortization expense mean?
This is the periodic expense recognized in the income statement as capitalized acquisition costs are systematically written down over the life of the insurance contracts. High amortization relative to the asset balance may indicate shorter policy lives or higher-than-expected lapses. It is a critical component in evaluating the underlying profitability and margin profile of the insurance segment.