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Lincoln National LNC Variable Annuities — Gross deposits

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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:SeparateAccountLiabilityDeposit.

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 variable annuities — gross deposits?
Lincoln National (LNC) reported variable annuities — gross deposits of 135,400,000,000% in Q1 2026.
How has Lincoln National's variable annuities — gross deposits changed year-over-year?
Lincoln National's variable annuities — gross deposits decreased by 13.0% year-over-year, from 155,700,000,000% to 135,400,000,000%.
What is the long-term trend for Lincoln National's variable annuities — gross deposits?
Over 3 years (2022 to 2025), Lincoln National's variable annuities — gross deposits has grown at a 21.4% compound annual growth rate (CAGR), from 337,100,000,000% to 603,400,000,000%.
What does variable annuities — gross deposits mean?
The total dollar amount of new premiums and contributions received from customers for variable annuity products before any deductions. It serves as a key performance indicator for sales momentum and the company's ability to attract new capital into its annuity business.

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