Lincoln National Corporation (LNC) financial statements (2022 and earlier)

Company profile

Business Address 150 N RADNOR CHESTER RD
RADNOR, PA 19087
State of Incorp. IN
Fiscal Year End December 31
SIC 6311 - Life Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,8004,6304,776993,2484,4345,000
Cash and cash equivalents    1,6282,7223,146
Short-term investments4,8004,6304,776991,6201,7121,854
Total current assets:4,8004,6304,776993,2484,4345,000
Noncurrent Assets
Finance lease, right-of-use asset3775 
Operating lease, right-of-use asset147182233
Intangible assets, net (including goodwill)1,6231,6591,6961,7261,3212,2302,234
Goodwill1,7781,7781,7781,7821,3682,2732,273
Intangible assets, net (excluding goodwill)(155)(119)(82)(56)(47)(43)(39)
Deferred costs254229202170182159151
Total noncurrent assets:2,0612,1452,1311,8961,5032,3892,385
Other undisclosed assets380,440359,173327,854296,152277,012254,804244,552
TOTAL ASSETS:387,301365,948334,761298,147281,763261,627251,937
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt300 300 450  
Securities loaned6,5193,9862,9211,3081,5421,5632,140
Total current liabilities:6,8193,9863,2211,3081,9921,5632,140
Noncurrent Liabilities
Other undisclosed liabilities360,210339,263311,851282,489262,449245,586236,180
Total liabilities:367,029343,249315,072283,797264,441247,149238,320
Stockholders' equity
Stockholders' equity attributable to parent, including:20,27222,69919,68914,35017,32214,47813,617
Accumulated other comprehensive income6,4418,9315,6734073,2301,566845
Retained earnings9,0968,6868,8548,5518,3997,0436,474
Other undisclosed stockholders' equity attributable to parent4,7355,0825,1625,3925,6935,8696,298
Total stockholders' equity:20,27222,69919,68914,35017,32214,47813,617
TOTAL LIABILITIES AND EQUITY:387,301365,948334,761298,147281,763261,627251,937

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues19,23017,43917,25816,42414,25713,33013,572
Premiums earned, net5,6175,3725,5134,601
Net investment income6,1155,5105,2235,0854,9904,8744,827
Financial services revenue3,2562,9873,246
Cost of revenue(11,444)(11,600)(10,660)(9,403)(7,750)(7,256)(7,552)
Policyholder benefits and claims incurred, net(8,529)(8,677)(7,880)(6,786)
Policyholder account balance, interest expense(2,915)(2,923)(2,780)(2,617)(2,590)(2,564)(2,508)
Financial services costs(5,160)(4,692)(5,044)
Gross profit:7,7865,8396,5987,0216,5076,0746,020
Operating expenses(5,791)(5,064)(5,287)(4,763)(5,081)(4,277)(4,318)
Operating income:1,9957751,3112,2581,4261,7971,702
Interest and debt expense(270)(284)(326)(297)(253)(331)(272)
Other undisclosed loss from continuing operations before equity method investments, income taxes (68)(66)(76)(43)(8) 
Income from continuing operations before equity method investments, income taxes:1,7254239191,8851,1301,4581,430
Other undisclosed loss from continuing operations before income taxes(87)      
Income from continuing operations before income taxes:1,6384239191,8851,1301,4581,430
Income tax expense (benefit)(233)76(33)(244)949(266)(276)
Net income available to common stockholders, diluted:1,4054998861,6412,0791,1921,154

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:1,4054998861,6412,0791,1921,154
Other comprehensive income (loss)(2,490)3,2585,266(3,465)1,664721(2,251)
Comprehensive income (loss), net of tax, attributable to parent:(1,085)3,7576,152(1,824)3,7431,913(1,097)

Statements sources

The financial statements are based on the company's filings with the 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.

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