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Lincoln National LNC Deferred Policy Acquisition Costs, Amortization Expense

Discontinued — last reported Q1 '26

Deferred Policy Acquisition Costs, Amortization Expense at other companies

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Segments

By segment

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UL and Other$83M+5.1%
Traditional Life$35M-5.4%
Group Protection$32M+10.3%

By product

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Variable Annuities$108M+11.3%
Fixed Annuities$19M+18.8%

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:DeferredPolicyAcquisitionCostAmortizationExpense.

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 deferred policy acquisition costs, amortization expense?
Lincoln National (LNC) reported deferred policy acquisition costs, amortization expense of $281M in Q1 2026.
How has Lincoln National's deferred policy acquisition costs, amortization expense changed year-over-year?
Lincoln National's deferred policy acquisition costs, amortization expense increased by 6.8% year-over-year, from $263M to $281M.
What is the long-term trend for Lincoln National's deferred policy acquisition costs, amortization expense?
Over 4 years (2021 to 2025), Lincoln National's deferred policy acquisition costs, amortization expense has grown at a 3.5% compound annual growth rate (CAGR), from $958M to $1.1B.
What does deferred policy acquisition costs, amortization expense mean?
The periodic expense recognized to amortize costs that were capitalized because they were directly related to the successful acquisition of new insurance contracts. This reflects the matching of acquisition expenses over the expected life of the policies.