Lincoln National Corporation (LNC) Financial Statements (2024 and earlier)

Company Profile

Business Address 150 N RADNOR CHESTER RD
RADNOR, PA 19087
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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,9254,8004,6304,776993,248
Cash and cash equivalents      1,628
Short-term investments3,9254,8004,6304,776991,620
Total current assets:3,9254,8004,6304,776993,248
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 143775 
Operating lease, right-of-use asset 140147182233
Intangible assets, net (including goodwill)9521,6231,6591,6961,7261,321
Goodwill1,1441,7781,7781,7781,7821,368
Intangible assets, net (excluding goodwill) (192)(155)(119)(82)(56)(47)
Deferred costs 206254229202170182
Total noncurrent assets:1,3122,0612,1452,1311,8961,503
Other undisclosed assets329,871380,440359,173327,854296,152277,012
TOTAL ASSETS:335,108387,301365,948334,761298,147281,763
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 500300 300 450
Securities loaned4,9506,5193,9862,9211,3081,542
Total current liabilities:5,4506,8193,9863,2211,3081,992
Noncurrent Liabilities
Other undisclosed liabilities325,089360,210339,263311,851282,489262,449
Total liabilities:330,539367,029343,249315,072283,797264,441
Equity
Equity, attributable to parent, including:4,56920,27222,69919,68914,35017,322
Accumulated other comprehensive income (loss)(7,668)6,4418,9315,6734073,230
Retained earnings6,7079,0968,6868,8548,5518,399
Other undisclosed equity, attributable to parent5,5304,7355,0825,1625,3925,693
Total equity:4,56920,27222,69919,68914,35017,322
TOTAL LIABILITIES AND EQUITY:335,108387,301365,948334,761298,147281,763

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues18,76619,23017,43917,25816,42414,257
Gain (loss) on disposition of assets for financial service operations345(212)(513)(610) 
Premiums earned, net6,0875,6175,3725,5134,601
Net investment income5,5156,1155,5105,2235,0854,990
Financial services revenue3,256
Cost of revenue(15,416)(11,444)(11,600)(10,660)(9,403)(7,750)
Policyholder benefits and claims incurred, net(12,546)(8,529)(8,677)(7,880)(6,786)
Policyholder account balance, interest expense(2,870)(2,915)(2,923)(2,780)(2,617)(2,590)
Financial services costs(5,160)
Gross profit:3,3507,7865,8396,5987,0216,507
Operating expenses(5,730)(5,791)(5,064)(5,287)(4,763)(5,081)
Operating income (loss):(2,380)1,9957751,3112,2581,426
Interest and debt expense(283)(270)(284)(326)(297)(253)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (68)(66)(76)(43)
Income (loss) from continuing operations before equity method investments, income taxes:(2,663)1,7254239191,8851,130
Other undisclosed income (loss) from continuing operations before income taxes(167)(87)    
Income (loss) from continuing operations before income taxes:(2,830)1,6384239191,8851,130
Income tax expense (benefit)589(233)76(33)(244)949
Income (loss) from continuing operations:(2,241)1,4054998861,6412,079
Income before gain (loss) on sale of properties:1,4054998861,6412,079
Net income (loss) attributable to parent:(2,241)1,4054998861,6412,079
Preferred stock dividends and other adjustments      
Undistributed earnings (loss) allocated to participating securities, basic      
Net income (loss) available to common stockholders, diluted:(2,241)1,4054998861,6412,079

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(2,241)1,4054998861,6412,079
Other comprehensive income (loss)(14,109)(2,490)3,2585,266(3,465)1,664
Comprehensive income (loss), net of tax, attributable to parent:(16,350)(1,085)3,7576,152(1,824)3,743

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: