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Lincoln National LNC Variable Annuities — Net transfers from (to) separate account

Other product segments

UL and Other
6,800,000,000%+386%
Fixed Annuities
0%

Similar metrics at other companies

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JXNVariable annuity — Net transfers from (to) separate accounts
$134M+228%
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JXNNet transfers from (to) separate accounts
$5.4B+3.8%
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METFixed Annuity — Net transfers from (to) separate accounts
400,000,000%-2,000,000,000pp
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AMPVariable Annuity — Transfer to (from) Policyholder Account Balance (to) from Separate Account, Net Of Policy Loan Activity
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METAnnuities and Risk Solutions — Net transfers from (to) separate accounts
-600,000,000%-2,100,000,000pp
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PFGVariable Annuity — Transfer To From Policyholder Account Balance To From Separate Account
31,910,000,000%-13,080,000,000pp

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$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:TransferToFromPolicyholderAccountBalanceToFromSeparateAccount.

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 — net transfers from (to) separate account?
Lincoln National (LNC) reported variable annuities — net transfers from (to) separate account of -65,100,000,000% in Q1 2026.
How has Lincoln National's variable annuities — net transfers from (to) separate account changed year-over-year?
Lincoln National's variable annuities — net transfers from (to) separate account decreased by 126.8% year-over-year, from -28,700,000,000% to -65,100,000,000%.
What is the long-term trend for Lincoln National's variable annuities — net transfers from (to) separate account?
Over 3 years (2022 to 2025), Lincoln National's variable annuities — net transfers from (to) separate account has grown at a 45.5% compound annual growth rate (CAGR), from -49,200,000,000% to -151,700,000,000%.
What does variable annuities — net transfers from (to) separate account mean?
The net flow of funds into or out of the separate accounts associated with variable annuity products. Positive net transfers indicate strong investor confidence and new capital inflows, while negative transfers suggest outflows or reallocations to other investment vehicles.