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

Similar metrics at other companies

Prudential Financial logo
PRUVariable Annuity — Total MRB liabilities
$4.41B+0.1%
Jackson Financial logo
JXNVariable annuity — Net MRB balance, end of period, net of reinsurance
-$2.98B+10.4%
Prudential Financial logo
PRUVariable Annuity — Total MRB assets
$2.33B+0.3%
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JXNVariable annuity — Market Risk Benefit, before Reinsurance and Cumulative Increase (Decrease) from Instrument-Specific Credit Risk Change
-$2.63B0.0%
Prudential Financial logo
PRUAnnuities — Less: Reinsured MRBs
$870M+18.4%
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PRURetirement — Less: Reinsured MRBs
$0

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 lnc:CededMarketRiskBenefitAssetsLiabilities.

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 — 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.