For the quarter ending 2026-03-31, LNC had -$2,157M decrease in cash & cash equivalents over the period.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Operating revenues | -9,322 | - | 14,190 | - |
| Benefits and policyholder liability remeasurement (gain) loss | -3,847 | - | 5,847 | - |
| Interest credited | -1,760 | - | 2,759 | - |
| Commissions | -1,122 | - | 1,738 | - |
| General and administrative expenses | -1,248 | - | 1,892 | - |
| Annuities Segment-Operating Segments | 0 | - | 0 | - |
| Life Segment-Operating Segments | 0 | - | 0 | - |
| Group Protection Segment-Operating Segments | 0 | - | 0 | - |
| Operating Segments-Retirement Plan Services Segment | 0 | - | 0 | - |
| Corporate Non Segment | -159 | - | 240 | - |
| Interest and debt expense | -159 | - | 240 | - |
| Other | -227 | - | 328 | - |
| Total operating expenses | -8,363 | - | 12,804 | - |
| Annuities Segment-Operating Segments | - | - | 160 | - |
| Life Segment-Operating Segments | - | - | -14 | - |
| Group Protection Segment-Operating Segments | - | - | 113 | - |
| Operating Segments-Retirement Plan Services Segment | - | - | 18 | - |
| Corporate Non Segment | - | - | -74 | - |
| Total federal income tax expense (benefit) | -136 | - | 203 | - |
| Total income (loss) from operations | 360 | - | 431 | - |
| Net annuity product features, pre-tax | -695 | - | 410 | - |
| Net life insurance product features, pre-tax | 22 | - | -22 | - |
| Credit loss-related adjustments, pre-tax | - | - | -38 | - |
| Investment gains (losses), pre-tax | - | - | -35 | - |
| Changes in the fair value of reinsurance-related embedded derivatives, trading securities and certain mortgage loans, pre-tax | - | - | -190 | - |
| Other items, pre-tax | - | - | -105 | - |
| Income tax benefit (expense) related to the above pre-tax items | 141 | - | -5 | - |
| Net operating cash payments related to closing fortitude re reinsurance transaction | - | 0 | - | - |
| Net income (loss) | -172 | 754 | 446 | -23 |
| Early extinguishment of debt (gain) loss | - | 0 | 0 | 94 |
| Gross gains | 2 | 11 | 11 | - |
| Gross losses | 17 | 88 | 339 | - |
| Credit loss benefit (expense) | 24 | 24 | 112 | - |
| Intent to sell impairments | - | 0 | - | - |
| Realized gain (loss) on equity securities | 2 | 1 | -1 | - |
| Credit loss benefit (expense) on mortgage loans on real estate | -2 | 21 | 26 | - |
| Credit loss benefit (expense) on reinsurance-related assets | -2 | -3 | 4 | - |
| Realized gain (loss) on the market-to-market on certain instruments | 226 | 31 | -253 | - |
| Indexed product derivative results | 96 | 72 | 30 | - |
| Derivative results | 178 | 67 | 68 | - |
| Realized gain (loss) on sale of subsidiaries/businesses | - | -14 | 0 | - |
| Realized gain (loss) on other non-financial assets | -6 | - | - | - |
| Other realized gain (loss) | 5 | 10 | 8 | - |
| Realized (gain) loss | 466 | 48 | -216 | -631 |
| Market risk benefit (gain) loss | -987 | 382 | 343 | -353 |
| Sales and maturities (purchases) of trading securities, net | 103 | -286 | 70 | 583 |
| Deferred acquisition costs, value of business acquired, deferred ales inducements and deferred front-end loads | 163 | 92 | 156 | 326 |
| Accrued investment income | 33 | -20 | 12 | 36 |
| Insurance liabilities and reinsurance-related balances | 307 | 1,136 | 1,398 | 154 |
| Accrued expenses | -98 | 97 | 172 | -156 |
| Federal income tax accruals | -74 | 133 | 67 | -123 |
| Other | -35 | -989 | 515 | 566 |
| Net cash provided by (used in) operating activities | 138 | 233 | -1,141 | 741 |
| Purchases of available-for-sale securities and equity securities | 4,847 | 7,037 | 12,192 | - |
| Sales of available-for-sale securities and equity securities | 424 | 1,722 | 1,005 | 1,590 |
| Maturities of available-for-sale securities | 2,595 | 2,643 | 3,216 | 5,197 |
| Purchases of other investments | 417 | 553 | 1,556 | - |
| Sales and repayments of other investments | 350 | 333 | 858 | - |
| Cash received from disposition, net of cash transferred | - | 0 | 0 | 0 |
| Issuance of mortgage loans on real estate | 1,384 | 1,450 | 799 | 2,006 |
| Sales and repayments of alternative investments | - | - | - | 574 |
| Purchases of available-for-sale securities and equity securities | - | - | - | 7,785 |
| Repayment and maturities of mortgage loans on real estate | 811 | 1,093 | 630 | 1,148 |
| Purchases of alternative investments | - | - | - | 686 |
| Repayment (issuance) of policy loans, net | -20 | 39 | 32 | 76 |
| Net change in collateral on investments, certain derivatives and related settlements | -971 | -625 | 3,107 | -306 |
| Other | 35 | 0 | -78 | -38 |
| Net cash provided by (used in) investing activities | -3,454 | -3,913 | 2,212 | -2,312 |
| Payment of long-term debt, including current maturities | 150 | 0 | 0 | 300 |
| Issuance of long-term debt, net of issuance costs | 250 | 495 | 0 | 0 |
| Proceeds from certain financing arrangements | - | 0 | 0 | 33 |
| Payment related to early extinguishment of debt | - | 0 | 0 | 421 |
| Payment related to sale-leaseback transactions | 1 | 2 | 1 | 4 |
| Payment related to certain financing arrangements | 15 | 50 | 14 | 84 |
| Net financing cash proceeds related to closing fortitude re reinsurance transaction | - | 0 | - | - |
| Deposits | 4,947 | 5,715 | 5,771 | 9,623 |
| Withdrawals | 3,232 | 3,243 | 3,006 | 6,250 |
| Transfers from (to) separate accounts, net | 497 | 304 | 187 | 303 |
| Issuance of common stock | - | 0 | 0 | 825 |
| Common stock issued for benefit plans | 23 | 0 | -11 | 7 |
| Dividends paid to preferred stockholders | 34 | 11 | 34 | 46 |
| Dividends paid to common stockholders | 86 | 86 | 86 | 153 |
| Net cash provided by (used in) financing activities | 1,159 | 2,514 | 2,454 | 2,913 |
| Net increase (decrease) in cash and invested cash | -2,157 | -1,166 | 3,525 | 1,342 |
| Cash and invested cash as of beginning-of-year | 9,502 | -4,867 | 5,801 | - |
| Cash and invested cash as of end-of-period | 7,345 | -1,166 | 10,668 | - |
LINCOLN NATIONAL CORP (LNC)
LINCOLN NATIONAL CORP (LNC)