For the year ending 2025-12-31, LNC had $3,701M increase in cash & cash equivalents over the period.
| Cash Flow | 2025-12-31 |
|---|---|
| Net income (loss) | 1,177 |
| Gross gains | 28 |
| Gross losses | 278 |
| Credit loss benefit (expense) | 89 |
| Intent to sell impairments | 0 |
| Realized gain (loss) on equity securities | -1 |
| Credit loss benefit (expense) on mortgage loans on real estate | 37 |
| Credit loss benefit (expense) on reinsurance-related assets | 6 |
| Realized gain (loss) on the market-to-market on certain instruments | -375 |
| Indexed product derivative results | 100 |
| Derivative results | -149 |
| Realized gain (loss) on sale of subsidiaries/businesses | -14 |
| Other realized gain (loss) | 22 |
| Realized (gain) loss | -799 |
| Market risk benefit (gain) loss | 372 |
| Sales and maturities (purchases) of trading securities, net | 367 |
| Net operating cash payments related to closing fortitude re reinsurance transaction | 0 |
| Early extinguishment of debt (gain) loss | 94 |
| Deferred acquisition costs, value of business acquired, deferred sales inducements and deferred front-end loads | 574 |
| Accrued investment income | 28 |
| Insurance liabilities and reinsurance-related balances | 2,688 |
| Accrued expenses | 113 |
| Federal income tax accruals | 77 |
| Other | 92 |
| Net cash provided by (used in) operating activities | -167 |
| Purchases of available-for-sale securities and equity securities | 19,229 |
| Sales of available-for-sale securities and equity securities | 4,317 |
| Maturities of available-for-sale securities | 11,056 |
| Purchases of other investments | 2,109 |
| Sales and repayments of other investments | 1,191 |
| Issuance of mortgage loans on real estate | 4,255 |
| Repayment and maturities of mortgage loans on real estate | 2,871 |
| Repayment (issuance) of policy loans, net | 147 |
| Net change in collateral on investments, certain derivatives and related settlements | 2,176 |
| Cash received from disposition, net of cash transferred | 0 |
| Other | -116 |
| Net cash provided by (used in) investing activities | -4,013 |
| Payment of long-term debt, including current maturities | 300 |
| Issuance of long-term debt, net of issuance costs | 495 |
| Payment related to early extinguishment of debt | 421 |
| Payment related to sale-leaseback transactions | 7 |
| Proceeds from certain financing arrangements | 33 |
| Payment related to certain financing arrangements | 148 |
| Net financing cash proceeds related to closing fortitude re reinsurance transaction | 0 |
| Deposits | 21,109 |
| Withdrawals | 12,499 |
| Transfers from (to) separate accounts, net | 794 |
| Issuance of common stock | 825 |
| Common stock issued for benefit plans | -4 |
| Dividends paid to preferred stockholders | 91 |
| Dividends paid to common stockholders | 325 |
| Net cash provided by (used in) financing activities | 7,881 |
| Net increase (decrease) in cash and invested cash | 3,701 |
| Cash and invested cash as of beginning-of-year | 5,801 |
| Cash and invested cash as of end-of-year | 9,502 |
LINCOLN NATIONAL CORP (LNC)
LINCOLN NATIONAL CORP (LNC)