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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,776993,2484,4345,0003,9192,364
Cash and cash equivalents  1,6282,7223,1463,9192,364
Short-term investments4,776991,6201,7121,854  
Total current assets:4,776993,2484,4345,0003,9192,364
Noncurrent Assets
Operating lease, right-of-use asset233
Intangible assets, net (including goodwill)1,6961,7261,3212,2302,2342,2382,239
Goodwill1,7781,7821,3682,2732,2732,2732,273
Intangible assets, net (excluding goodwill)(82)(56)(47)(43)(39)(35)(34)
Deferred costs202170182159151  
Total noncurrent assets:2,1311,8961,5032,3892,3852,2382,239
Other undisclosed assets327,854296,152277,012254,804244,552247,220232,342
TOTAL ASSETS:334,761298,147281,763261,627251,937253,377236,945
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt300 450  250501
Securities loaned2,9211,3081,5421,5632,1401,4941,156
Total current liabilities:3,2211,3081,9921,5632,1401,7441,657
Noncurrent Liabilities
Other undisclosed liabilities311,851282,489262,449245,586236,180235,893221,836
Total liabilities:315,072283,797264,441247,149238,320237,637223,493
Stockholders' equity
Stockholders' equity attributable to parent, including:19,68914,35017,32214,47813,61715,74013,452
Accumulated other comprehensive income5,6734073,2301,5668453,0961,563
Retained earnings8,8548,5518,3997,0436,4746,0225,013
Other undisclosed stockholders' equity attributable to parent5,1625,3925,6935,8696,2986,6226,876
Total stockholders' equity:19,68914,35017,32214,47813,61715,74013,452
TOTAL LIABILITIES AND EQUITY:334,761298,147281,763261,627251,937253,377236,945

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues17,25816,42414,25713,33013,57213,55411,969
Premiums earned, net5,5134,601
Net investment income5,2235,0854,9904,8744,8274,8594,754
Financial services revenue3,2562,9873,2462,9882,687
Cost of revenue(10,660)(9,403)(7,750)(7,256)(7,552)(4,918)(4,094)
Policyholder benefits and claims incurred, net(7,880)(6,786)
Policyholder account balance, interest expense(2,780)(2,617)(2,590)(2,564)(2,508)2,5322,510
Financial services costs(5,160)(4,692)(5,044)(4,679)(3,862)
Gross profit:6,5987,0216,5076,0746,0208,6367,875
Operating expenses(5,287)(4,763)(5,081)(4,277)(4,318)(5,765)(5,331)
Operating income:1,3112,2581,4261,7971,7022,8712,544
Nonoperating income
(Investment Income, Nonoperating)
     5,0774,928
Interest and debt expense(326)(297)(253)(331)(272)(267)(265)
Other undisclosed loss from continuing operations before equity method investments, income taxes(66)(76)(43)(8) (5,684)(5,576)
Income from continuing operations before equity method investments, income taxes:9191,8851,1301,4581,4301,9971,631
Loss from equity method investments      (86)
Income from continuing operations before income taxes:9191,8851,1301,4581,4301,9971,545
Income tax expense (benefit)(33)(244)949(266)(276)(483)(387)
Net income:8861,6412,0791,1921,1541,5141,158
Other undisclosed net income attributable to parent     186
Net income available to common stockholders, diluted:8861,6412,0791,1921,1541,5151,244

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:8861,6412,0791,1921,1541,5141,158
Other comprehensive income (loss)5,266(3,465)1,664721(2,251)1,533(2,245)
Comprehensive income (loss):6,152(1,824)3,7431,913(1,097)3,047(1,087)
Other undisclosed comprehensive income, net of tax, attributable to parent     186
Comprehensive income (loss), net of tax, attributable to parent:6,152(1,824)3,7431,913(1,097)3,048(1,001)

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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