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Lincoln National LNC Capitalization

Discontinued — last reported Q4 '22

Capitalization at other companies

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Segments

By segment

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UL and Other$106M+12.8%
Group Protection$30M-6.3%
Traditional Life$24M+14.3%

By product

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Variable Annuities$142M+4.4%
Fixed Annuities$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$8.98B+20.1%
Enterprise value$8B+31.2%
P/E5.2×-1.4×
P/S0.5×+0.1×

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:DeferredPolicyAcquisitionCostsAdditions.

The source filing: Lincoln National’s 10-K/A, filed March 30, 2023.

Filed
Mar 30, 2023
Fiscal year
FY2022
Accession
0000059558-23-000019
Line itemAs Restated / For the Years Ended / December 31, 2022As Restated / For the Years Ended / December 31, 2021For the / Year Ended / December 31, 2020
Cumulative effect from adoption of new accounting
standard--5
Business acquired (sold) through reinsurance-(362)(10)
Deferrals1,3721,3721,446
Amortization, net of interest:
Amortization, excluding unlocking, net of interest(814)(997)(796)
Unlocking(210)(565)(231)
Adjustment related to realized (gains) losses(128)85(19)

Item 8. Financial Statements and Supplementary Data

FAQ

What is Lincoln National's capitalization?
Lincoln National (LNC) reported capitalization of $343M in Q4 2022.
How has Lincoln National's capitalization changed year-over-year?
Lincoln National's capitalization decreased by 0.0% year-over-year, from $343M to $343M.

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