Skip to content
Screener

Lincoln National LNC Variable Annuities — Less: Ceded MRB assets (liabilities)

Similar metrics at other companies

Horace Mann Educators logo
HMNDeferred variable annuities — Net MRBs
-$11.1M-65.7%
Prudential Financial logo
PRUVariable Annuity — Total MRB liabilities
$4.41B+0.1%
Prudential Financial logo
PRUVariable Annuity — Total MRB assets
$2.33B+0.3%
Prudential Financial logo
PRUAnnuities — Less: Reinsured MRBs
$885M+13.9%
Prudential Financial logo
PRUVariable Annuity — Ceded
$124M-17.3%
Brighthouse Financial logo
BHFVariable Annuities — Separate account liabilities
$75.65B-1.5%

Other financials

Income statement

See full
Revenue$5.3B+13.1%
Net income-$172.0M+76.2%
EPS (diluted)-$1.10+75.1%

Balance sheet

See full
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

See full
Operating cash flow$138.0M+151%

Valuation

See full
Market cap$8.98B+20.1%
Enterprise value$8B+31.2%
P/E5.2×-1.4×
P/S0.5×+0.1×

Profitability

See full
Net margin9.2%+2.2pp

Returns & leverage

See full
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 lnc:CededMarketRiskBenefitAssetsLiabilities.

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 / Fixed AnnuitiesAs 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 / Fixed AnnuitiesAs of or For the Three Months Ended March 31, 2025 / Retirement Plan Services
changes in non-performance risk(3,084)177(41)(2,337)112(37)
Effect of cumulative changes in
non-performance risk(169)(58)(1)(539)(48)(2)
Balance as of end-of-period(3,253)119(42)(2,876)64(39)
Less: Ceded MRB assets (liabilities)(327)(312)
Balance as of end-of-period, net of reinsurance$(2,926)$119$(42)$(2,564)$64$(39)
Weighted-average age of policyholders (years)737164737063
Net amount at risk (2)$2,652$425$3$2,518$255$4

Item 1. Financial Statements

FAQ

What is Lincoln National's variable annuities — less: ceded MRB assets (liabilities)?
Lincoln National (LNC) reported variable annuities — less: ceded MRB assets (liabilities) of -$327M in Q1 2026.
How has Lincoln National's variable annuities — less: ceded MRB assets (liabilities) changed year-over-year?
Lincoln National's variable annuities — less: ceded MRB assets (liabilities) decreased by 4.8% year-over-year, from -$312M to -$327M.
What is the long-term trend for Lincoln National's variable annuities — less: ceded MRB assets (liabilities)?
Over 2 years (2023 to 2025), Lincoln National's variable annuities — less: ceded MRB assets (liabilities) has grown at a 12.1% compound annual growth rate (CAGR), from -$1.08B to -$1.36B.
What does variable annuities — less: ceded MRB assets (liabilities) mean?
Quantifies the value of market risk benefit obligations that have been transferred to third-party reinsurers. This metric is essential for understanding the net exposure the company retains versus the risk mitigated through reinsurance agreements.

Ask your AI about Lincoln National's variable annuities — less: ceded mrb assets (liabilities).

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI
Harbor at dusk
Claude