Lincoln National Corporation (LNC) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,6304,776993,2484,4345,0003,919
Cash and cash equivalents   1,6282,7223,1463,919
Short-term investments4,6304,776991,6201,7121,854 
Total current assets:4,6304,776993,2484,4345,0003,919
Noncurrent Assets
Finance lease, right-of-use asset75 
Operating lease, right-of-use asset182233
Intangible assets, net (including goodwill)1,6591,6961,7261,3212,2302,2342,238
Goodwill1,7781,7781,7821,3682,2732,2732,273
Intangible assets, net (excluding goodwill)(119)(82)(56)(47)(43)(39)(35)
Deferred costs229202170182159151 
Total noncurrent assets:2,1452,1311,8961,5032,3892,3852,238
Other undisclosed assets359,173327,854296,152277,012254,804244,552247,220
TOTAL ASSETS:365,948334,761298,147281,763261,627251,937253,377
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 300 450  250
Securities loaned3,9862,9211,3081,5421,5632,1401,494
Total current liabilities:3,9863,2211,3081,9921,5632,1401,744
Noncurrent Liabilities
Other undisclosed liabilities339,263311,851282,489262,449245,586236,180235,893
Total liabilities:343,249315,072283,797264,441247,149238,320237,637
Stockholders' equity
Stockholders' equity attributable to parent, including:22,69919,68914,35017,32214,47813,61715,740
Accumulated other comprehensive income8,9315,6734073,2301,5668453,096
Retained earnings8,6868,8548,5518,3997,0436,4746,022
Other undisclosed stockholders' equity attributable to parent5,0825,1625,3925,6935,8696,2986,622
Total stockholders' equity:22,69919,68914,35017,32214,47813,61715,740
TOTAL LIABILITIES AND EQUITY:365,948334,761298,147281,763261,627251,937253,377

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues17,43917,25816,42414,25713,33013,57213,554
Premiums earned, net5,3725,5134,601
Net investment income5,5105,2235,0854,9904,8744,8274,859
Financial services revenue3,2562,9873,2462,988
Cost of revenue(11,600)(10,660)(9,403)(7,750)(7,256)(7,552)(4,918)
Policyholder benefits and claims incurred, net(8,677)(7,880)(6,786)
Policyholder account balance, interest expense(2,923)(2,780)(2,617)(2,590)(2,564)(2,508)2,532
Financial services costs(5,160)(4,692)(5,044)(4,679)
Gross profit:5,8396,5987,0216,5076,0746,0208,636
Operating expenses(5,064)(5,287)(4,763)(5,081)(4,277)(4,318)(5,765)
Operating income:7751,3112,2581,4261,7971,7022,871
Nonoperating income
(Investment Income, Nonoperating)
      5,077
Interest and debt expense(284)(326)(297)(253)(331)(272)(267)
Other undisclosed loss from continuing operations before equity method investments, income taxes(68)(66)(76)(43)(8) (5,684)
Income from continuing operations before income taxes:4239191,8851,1301,4581,4301,997
Income tax expense (benefit)76(33)(244)949(266)(276)(483)
Net income:4998861,6412,0791,1921,1541,514
Other undisclosed net income attributable to parent      1
Net income available to common stockholders, diluted:4998861,6412,0791,1921,1541,515

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:4998861,6412,0791,1921,1541,514
Other comprehensive income (loss)3,2585,266(3,465)1,664721(2,251)1,533
Comprehensive income (loss):3,7576,152(1,824)3,7431,913(1,097)3,047
Other undisclosed comprehensive income, net of tax, attributable to parent      1
Comprehensive income (loss), net of tax, attributable to parent:3,7576,152(1,824)3,7431,913(1,097)3,048

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.

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: