Lincoln National LNC Effect of changes in instrument-specific credit risk

Effect of changes in instrument-specific credit risk at other companies

Apollo Global ManagementAPO

-$44M-7.3%

Corebridge FinancialCRBG

——

Variable Annuities-$169M+68.6%

Fixed Annuities-$58M-20.8%

Revenue$5.3B+13.1%

Net income-$172.0M+76.2%

EPS (diluted)-$1.10+75.1%

Cash & equivalents$7.3B+71.5%

Total debt$6.4B+8.5%

Total equity$10.2B+24.6%

Total assets$406.16B+6.1%

Operating cash flow$138.0M+151%

Market cap$7.11B+10.3%

Enterprise value$6.13B-25.1%

P/E4.1×-0.7×

P/S0.4×0.0×

Net margin9.2%+2.2pp

Return on equity18.8%+1.8pp

Debt / equity0.6×-0.1×