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Lincoln National LNC Benefits, claims, losses, and settlement expenses

Discontinued — last reported Q4 '25

Benefits, claims, losses, and settlement expenses at other companies

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Segments

By segment

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Retirement Plan Services$675M+1.7%
Other Operations$98M+123%

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:SupplementaryInsuranceInformationBenefitsClaimsLossesAndSettlementExpense.

The official record: Lincoln National’s 10-K, filed February 19, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lincoln National's benefits, claims, losses, and settlement expenses?
Lincoln National (LNC) reported benefits, claims, losses, and settlement expenses of $2.93B in Q4 2025.
How has Lincoln National's benefits, claims, losses, and settlement expenses changed year-over-year?
Lincoln National's benefits, claims, losses, and settlement expenses increased by 3.0% year-over-year, from $2.84B to $2.93B.
What is the long-term trend for Lincoln National's benefits, claims, losses, and settlement expenses?
Over 4 years (2021 to 2025), Lincoln National's benefits, claims, losses, and settlement expenses has grown at a 0.6% compound annual growth rate (CAGR), from $11.43B to $11.7B.
What does benefits, claims, losses, and settlement expenses mean?
The total costs incurred by the company related to policyholder claims, benefit payments, and the associated adjustment expenses. This metric measures the direct cost of the insurance products provided and is a key indicator of underwriting performance and actuarial accuracy. Higher values relative to premiums may indicate adverse loss experience or inadequate pricing.