LINCOLN NATIONAL LIFE INSURANCE CO /IN/ Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1301 SOUTH HARRISON STREET FORT WAYNE, IN 46802 |
| State of Incorp. | IN |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6311 - Life Insurance (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 2,627 | 3,873 | 4,741 | 4,569 | 4,705 | 99 | |||
| Short-term investments | 2,627 | 3,873 | 4,741 | 4,569 | 4,705 | 99 | |||
| Total current assets: | 2,627 | 3,873 | 4,741 | 4,569 | 4,705 | 99 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 5 | 14 | 37 | 75 | ✕ | ||||
| Operating lease, right-of-use asset | 80 | 0 | 134 | 162 | 202 | ✕ | |||
| Intangible assets, net (including goodwill) | 916 | 952 | 1,623 | 1,659 | 1,696 | 1,726 | |||
| Goodwill | 1,144 | 1,144 | 1,778 | 1,778 | 1,778 | 1,782 | |||
| Intangible assets, net (excluding goodwill) | (228) | (192) | (155) | (119) | (82) | (56) | |||
| Deferred costs | 233 | 206 | 254 | 229 | 202 | 170 | |||
| Total noncurrent assets: | 1,234 | 1,172 | 2,048 | 2,125 | 2,100 | 1,896 | |||
| Other undisclosed assets | 370,115 | 333,221 | 385,226 | 361,625 | 329,211 | 297,150 | |||
| TOTAL ASSETS: | 373,976 | 338,266 | 392,015 | 368,319 | 336,016 | 299,145 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 840 | 562 | 1,084 | 497 | 609 | 288 | |||
| Securities loaned | 6,504 | 8,724 | 4,665 | 3,470 | 1,501 | ||||
| Total current liabilities: | 840 | 7,066 | 9,808 | 5,162 | 4,079 | 1,789 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 2,195 | 2,269 | 2,334 | 2,412 | 2,414 | 2,401 | |||
| Long-term debt, excluding current maturities | 2,195 | 2,269 | 2,334 | 2,412 | 2,414 | 2,401 | |||
| Total noncurrent liabilities: | 2,195 | 2,269 | 2,334 | 2,412 | 2,414 | 2,401 | |||
| Other undisclosed liabilities | 360,434 | 320,665 | 357,493 | 335,704 | 307,938 | 278,636 | |||
| Total liabilities: | 363,469 | 330,000 | 369,635 | 343,278 | 314,431 | 282,826 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 10,507 | 8,266 | 22,380 | 25,041 | 21,585 | 16,319 | |||
| Accumulated other comprehensive income (loss) | (1,585) | (7,073) | 6,544 | 9,021 | 5,836 | 659 | |||
| Retained earnings (accumulated deficit) | (869) | 2,436 | 3,886 | 4,167 | 4,437 | 4,423 | |||
| Other undisclosed equity, attributable to parent | 12,961 | 12,903 | 11,950 | 11,853 | 11,312 | 11,237 | |||
| Total equity: | 10,507 | 8,266 | 22,380 | 25,041 | 21,585 | 16,319 | |||
| TOTAL LIABILITIES AND EQUITY: | 373,976 | 338,266 | 392,015 | 368,319 | 336,016 | 299,145 | |||
Income Statement (P&L) ($ in millions)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 10,059 | 17,770 | 18,601 | 16,566 | 16,192 | 15,358 | ||
| Insurance commissions and fees | 5,168 | |||||||
| Gain (loss) on disposition of assets for financial service operations | (4,934) | 214 | 89 | (526) | (828) | |||
| Premiums earned, net | 5,841 | 5,359 | 5,122 | 5,277 | 4,362 | |||
| Net investment income | 5,712 | 5,274 | 5,844 | 5,264 | 4,962 | 4,844 | ||
| Cost of revenue | (8,230) | (13,650) | (10,932) | (10,949) | (10,339) | (8,733) | ||
| Policyholder benefits and claims incurred, net | (5,028) | (10,801) | (8,039) | (8,050) | (7,585) | (6,144) | ||
| Policyholder account balance, interest expense | (3,202) | (2,849) | (2,893) | (2,899) | (2,754) | (2,589) | ||
| Gross profit: | 1,829 | 4,120 | 7,669 | 5,617 | 5,853 | 6,625 | ||
| Operating expenses | (5,249) | (5,433) | (5,546) | (4,889) | (5,065) | (4,583) | ||
| Operating income (loss): | (3,420) | (1,313) | 2,123 | 728 | 788 | 2,042 | ||
| Interest and debt expense | (190) | (137) | (114) | (125) | (145) | (136) | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (68) | (66) | (76) | |||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (3,610) | (1,450) | 2,009 | 535 | 577 | 1,830 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 1,149 | (167) | (87) | |||||
| Income (loss) from continuing operations before income taxes: | (2,461) | (1,617) | 1,922 | 535 | 577 | 1,830 | ||
| Income tax expense (benefit) | 673 | 332 | (293) | 56 | 37 | (257) | ||
| Income (loss) from continuing operations: | (1,788) | (1,285) | 1,629 | 591 | 614 | 1,573 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 1,629 | 591 | 614 | 1,573 | |
| Net income (loss) available to common stockholders, diluted: | (1,788) | (1,285) | 1,629 | 591 | 614 | 1,573 | ||
Comprehensive Income ($ in millions)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (1,788) | (1,285) | 1,629 | 591 | 614 | 1,573 | ||
| Other comprehensive income (loss) | (670) | (13,617) | (2,477) | 3,185 | 5,177 | (3,312) | ||
| Comprehensive income (loss): | (2,458) | (14,902) | (848) | 3,776 | 5,791 | (1,739) | ||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 4,798 | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 2,340 | (14,902) | (848) | 3,776 | 5,791 | (1,739) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.