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    LNC

    LINCOLN NATIONAL CORP

    Company overview

    Market capitalization
    $7.83B
    Employees
    9,423
    Latest publication
    2026-09-29
    About LINCOLN NATIONAL CORP

    Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The Life Insurance segment provides life insurance products, including term insurance, universal life insurance (UL), indexed universal life insurance, variable universal life insurance (VUL), linked-benefit UL and VUL products, and critical illness and long-term care riders. Its Annuities segment offers variable, fixed, and registered index-linked annuities. The Group Protection segment offers group nonmedical insurance products consisting of short and long-term disability and administration services, statutory disability; paid family medical leave administration and absence management services; term life; life; supplemental health insurance; accident, critical illness, and hospital indemnity benefits and dental and vision products to the employer marketplace through various forms of employee-paid and employer-paid plans. Its Retirement Plan Services segment provides employers with retirement plan products and services primarily in the defined contribution retirement plan marketplace; individual and group variable annuities, group fixed annuities, and mutual fund-based programs; and various plan services, including plan recordkeeping, compliance testing, participant education, and trust and custodial services. It distributes its products through consultants, brokers, planners, agents, financial advisors, third-party administrators, financial institutions, and other intermediaries. Lincoln National Corporation was founded in 1905 and is headquartered in Radnor, Pennsylvania.

    Company website

    Financial statements

    Income Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ4 20242024-12-31 · USDQ2 20242024-06-30 · USDQ1 20242024-03-31 · USDQ4 20232023-12-31 · USD
    Total Revenue4,542,000,000USD4,922,000,000USD4,591,000,000USD4,065,000,000USD5,084,000,000USD4,593,000,000USD4,113,000,000USD721,000,000USD
    Other Operating Expenses1,387,000,000USD———————
    Income Before Tax1,643,000,000USD915,000,000USD524,000,000USD848,000,000USD2,100,000,000USD1,096,000,000USD1,528,000,000USD-1,614,000,000USD
    Income Tax Expense311,000,000USD161,000,000USD79,000,000USD149,000,000USD413,000,000USD201,000,000USD306,000,000USD-379,000,000USD
    Net Income1,332,000,000USD754,000,000USD445,000,000USD699,000,000USD1,687,000,000USD895,000,000USD1,222,000,000USD-1,235,000,000USD
    Net Income Applicable To Common Shares1,321,000,000USD745,000,000USD411,000,000USD688,000,000USD1,676,000,000USD———
    Operating Income450,000,000USD915,000,000USD524,000,000USD848,000,000USD2,100,000,000USD1,096,000,000USD1,528,000,000USD-1,614,000,000USD
    Cost Of Revenue—1,927,000,000USD4,295,000,000USD4,149,000,000USD940,000,000USD4,107,000,000USD4,414,000,000USD-1,126,000,000USD
    Gross Profit—2,995,000,000USD296,000,000USD-84,000,000USD4,144,000,000USD486,000,000USD-301,000,000USD1,847,000,000USD
    Unclassified Operating Expenses—2,080,000,000USD-228,000,000USD-932,000,000USD-694,000,000USD-610,000,000USD-1,829,000,000USD392,000,000USD
    Total Operating Expenses—2,080,000,000USD-228,000,000USD-932,000,000USD2,044,000,000USD-610,000,000USD-1,829,000,000USD3,461,000,000USD
    Interest Income—81,000,000USD79,000,000USD13,000,000USD83,000,000USD———
    Interest Expense—81,000,000USD79,000,000USD13,000,000USD83,000,000USD86,000,000USD81,000,000USD81,000,000USD
    Net Interest Income—-262,000,000USD-79,000,000USD13,000,000USD-208,000,000USD-86,000,000USD-81,000,000USD-195,000,000USD
    Tax Provision—161,000,000USD79,000,000USD149,000,000USD413,000,000USD201,000,000USD306,000,000USD-379,000,000USD
    Net Income From Continuing Ops—754,000,000USD445,000,000USD699,000,000USD1,687,000,000USD895,000,000USD1,222,000,000USD-1,235,000,000USD
    Ebitda—996,000,000USD603,000,000USD848,000,000USD2,183,000,000USD1,182,000,000USD1,609,000,000USD-1,533,000,000USD
    Total Other Income Expense Net—199,000,000USD-79,000,000USD13,000,000USD-83,000,000USD486,000,000USD-93,000,000USD-115,000,000USD
    Selling General Administrative————2,738,000,000USD——2,543,000,000USD
    Ebit—————1,085,000,000USD3,247,000,000USD-865,000,000USD
    Depreciation And Amortization—————-357,000,000USD-1,719,000,000USD997,000,000USD
    Selling And Marketing Expenses———————526,000,000USD
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Income Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USDFY 20172017-12-31 · USDFY 20162016-12-31 · USD
    Total Revenue18,212,000,000USD17,989,000,000USD17,605,000,000USD17,579,000,000USD17,255,000,000USD16,424,000,000USD14,257,000,000USD13,330,000,000USD
    Cost Of Revenue7,769,000,000USD13,393,000,000USD13,705,000,000USD14,120,000,000USD13,150,000,000USD11,257,000,000USD9,824,000,000USD9,514,000,000USD
    Gross Profit10,443,000,000USD4,596,000,000USD3,900,000,000USD3,459,000,000USD4,105,000,000USD16,424,000,000USD4,433,000,000USD3,816,000,000USD
    Selling General Administrative2,647,000,000USD2,738,000,000USD2,252,000,000USD2,072,000,000USD2,210,000,000USD1,953,000,000USD1,766,000,000USD1,687,000,000USD
    Unclassified Operating Expenses6,458,000,000USD-2,164,000,000USD-2,995,000,000USD964,000,000USD495,000,000USD11,824,000,000USD1,099,000,000USD253,000,000USD
    Total Operating Expenses9,105,000,000USD574,000,000USD-743,000,000USD3,036,000,000USD3,186,000,000USD14,242,000,000USD3,303,000,000USD2,358,000,000USD
    Operating Income1,338,000,000USD4,022,000,000USD4,643,000,000USD423,000,000USD919,000,000USD2,182,000,000USD1,130,000,000USD1,458,000,000USD
    Interest Income227,000,000USD336,000,000USD270,000,000USD284,000,000USD339,000,000USD310,000,000USD280,000,000USD363,000,000USD
    Interest Expense227,000,000USD336,000,000USD270,000,000USD284,000,000USD326,000,000USD297,000,000USD253,000,000USD331,000,000USD
    Net Interest Income-408,000,000USD-461,000,000USD-270,000,000USD-284,000,000USD-414,000,000USD-381,000,000USD-340,000,000USD-411,000,000USD
    Income Before Tax1,338,000,000USD4,022,000,000USD4,643,000,000USD423,000,000USD919,000,000USD1,885,000,000USD1,130,000,000USD1,458,000,000USD
    Income Tax Expense161,000,000USD747,000,000USD865,000,000USD-76,000,000USD33,000,000USD244,000,000USD-949,000,000USD266,000,000USD
    Tax Provision161,000,000USD747,000,000USD233,000,000USD-76,000,000USD33,000,000USD244,000,000USD-949,000,000USD266,000,000USD
    Net Income1,177,000,000USD3,275,000,000USD3,778,000,000USD499,000,000USD886,000,000USD1,641,000,000USD2,079,000,000USD1,192,000,000USD
    Net Income From Continuing Ops1,177,000,000USD3,275,000,000USD1,405,000,000USD560,000,000USD858,000,000USD1,634,000,000USD2,087,000,000USD1,226,000,000USD
    Ebitda1,565,000,000USD4,454,000,000USD4,963,000,000USD744,000,000USD1,271,000,000USD2,191,000,000USD1,387,000,000USD1,793,000,000USD
    Reconciled Depreciation148,000,000USD96,000,000USD37,000,000USD37,000,000USD26,000,000USD9,000,000USD——
    Total Other Income Expense Net774,000,000USD206,000,000USD-10,250,000,000USD-263,000,000USD-13,648,000,000USD9,000,000USD-10,923,000,000USD266,000,000USD
    Net Income Applicable To Common Shares1,086,000,000USD3,187,000,000USD1,405,000,000USD499,000,000USD886,000,000USD1,641,000,000USD2,079,000,000USD1,192,000,000USD
    Ebit—4,358,000,000USD4,913,000,000USD707,000,000USD1,245,000,000USD2,182,000,000USD1,383,000,000USD1,789,000,000USD
    Depreciation And Amortization—96,000,000USD50,000,000USD37,000,000USD26,000,000USD9,000,000USD4,000,000USD4,000,000USD
    Selling And Marketing Expenses————481,000,000USD465,000,000USD438,000,000USD418,000,000USD
    Research Development—————0USD0USD0USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USD
    Total Assets429,797,000,000USD406,161,000,000USD417,204,000,000USD415,275,000,000USD399,065,000,000USD382,898,000,000USD390,831,000,000USD396,840,000,000USD
    Short Term Investments456,000,000USD37,319,000,000USD36,893,000,000USD35,519,000,000USD33,194,000,000USD22,344,000,000USD20,916,000,000USD21,666,000,000USD
    Total Liabilities418,448,000,000USD———————
    Total Stockholder Equity11,349,000,000USD10,212,000,000USD10,906,000,000USD10,452,000,000USD9,548,000,000USD8,193,000,000USD8,269,000,000USD9,013,000,000USD
    Total Equity Including Noncontrolling Interest11,349,000,000USD———————
    Goodwill1,144,000,000USD———————
    Retained Earnings9,322,000,000USD8,091,000,000USD8,386,000,000USD7,731,000,000USD7,409,000,000USD6,810,000,000USD7,645,000,000USD6,049,000,000USD
    Accumulated Other Comprehensive Income-4,578,000,000USD-4,467,000,000USD-4,058,000,000USD-3,839,000,000USD-4,392,000,000USD-4,306,000,000USD-5,036,000,000USD-2,682,000,000USD
    Other Current Assets—-66,177,000,000USD-66,027,000,000USD-51,904,000,000USD-51,376,000,000USD—-55,467,000,000USD11,870,000,000USD
    Total Liab—395,949,000,000USD406,298,000,000USD404,823,000,000USD389,517,000,000USD374,705,000,000USD382,562,000,000USD387,827,000,000USD
    Common Stock—5,602,000,000USD5,592,000,000USD5,574,000,000USD5,545,000,000USD4,703,000,000USD4,674,000,000USD4,660,000,000USD
    Capital Stock—6,588,000,000USD6,578,000,000USD6,560,000,000USD6,531,000,000USD5,689,000,000USD5,660,000,000USD5,646,000,000USD
    Good Will—1,144,000,000USD1,144,000,000USD1,144,000,000USD1,144,000,000USD1,144,000,000USD1,144,000,000USD1,144,000,000USD
    Other Assets—397,672,000,000USD—415,275,000,000USD399,065,000,000USD—390,831,000,000USD389,683,000,000USD
    Cash—7,345,000,000USD9,502,000,000USD10,668,000,000USD7,143,000,000USD4,284,000,000USD5,801,000,000USD6,013,000,000USD
    Cash And Short Term Investments—44,664,000,000USD46,395,000,000USD46,187,000,000USD40,337,000,000USD26,628,000,000USD26,717,000,000USD27,679,000,000USD
    Total Current Assets—7,345,000,000USD75,529,000,000USD76,024,000,000USD69,913,000,000USD55,208,000,000USD55,467,000,000USD56,912,000,000USD
    Total Current Liabilities—400,000,000USD161,988,000,000USD158,131,000,000USD153,028,000,000USD16,838,000,000USD17,207,000,000USD17,895,000,000USD
    Net Debt—-976,000,000USD-3,071,000,000USD-4,896,000,000USD-1,376,000,000USD1,584,000,000USD554,000,000USD-29,000,000USD
    Short Term Debt—400,000,000USD400,000,000USD0USD0USD0USD300,000,000USD300,000,000USD
    Short Long Term Debt—400,000,000USD400,000,000USD0USD0USD0USD300,000,000USD300,000,000USD
    Short Long Term Debt Total—6,369,000,000USD6,431,000,000USD5,772,000,000USD5,767,000,000USD5,868,000,000USD6,355,000,000USD5,984,000,000USD
    Long Term Debt—5,969,000,000USD5,866,000,000USD5,772,000,000USD5,767,000,000USD5,868,000,000USD6,055,000,000USD5,684,000,000USD
    Long Term Investments—96,227,000,000USD95,760,000,000USD93,075,000,000USD91,636,000,000USD90,626,000,000USD89,430,000,000USD93,181,000,000USD
    Net Receivables—28,858,000,000USD29,134,000,000USD29,837,000,000USD29,576,000,000USD28,580,000,000USD28,750,000,000USD29,233,000,000USD
    Common Stock Shares Outstanding—196,297,852shares196,297,852shares194,304,105shares180,602,665shares174,087,020shares174,000,000shares173,600,000shares
    Non Current Assets Total—1,144,000,000USD341,675,000,000USD339,251,000,000USD329,152,000,000USD327,690,000,000USD335,364,000,000USD339,928,000,000USD
    Non Current Liabilities Total—395,549,000,000USD244,310,000,000USD246,692,000,000USD236,489,000,000USD357,867,000,000USD365,355,000,000USD369,932,000,000USD
    Non Currrent Assets Other—-101,418,000,000USD225,689,000,000USD224,843,000,000USD217,454,000,000USD341,041,000,000USD345,459,000,000USD350,928,000,000USD
    Unclassified Current Assets—-66,177,000,000USD—————-11,870,000,000USD
    Unclassified Non Current Assets—-493,899,000,000USD6,255,000,000USD-407,767,000,000USD-392,751,000,000USD-105,121,000,000USD-491,500,000,000USD-495,008,000,000USD
    Unclassified Current Liabilities—-400,000,000USD————-300,000,000USD-300,000,000USD
    Unclassified Non Current Liabilities—389,580,000,000USD238,444,000,000USD240,920,000,000USD230,722,000,000USD351,999,000,000USD359,300,000,000USD364,248,000,000USD
    Unclassified Equity—-5,602,000,000USD-5,592,000,000USD-5,574,000,000USD-5,545,000,000USD-4,703,000,000USD-4,674,000,000USD-4,660,000,000USD
    Intangible Assets——12,827,000,000USD12,681,000,000USD12,604,000,000USD———
    Other Current Liab——161,588,000,000USD158,131,000,000USD153,028,000,000USD16,838,000,000USD16,907,000,000USD17,595,000,000USD
    Cash And Equivalents——9,502,000,000USD10,668,000,000USD7,143,000,000USD4,284,000,000USD5,801,000,000USD6,013,000,000USD
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
    Total Assets417,204,000,000USD390,831,000,000USD372,413,000,000USD334,217,000,000USD387,301,000,000USD365,944,000,000USD334,761,000,000USD298,147,000,000USD
    Intangible Assets12,827,000,000USD977,000,000USD940,000,000USD904,000,000USD560,000,000USD6,408,000,000USD8,327,000,000USD10,923,000,000USD
    Other Current Assets-29,134,000,000USD—-121,946,000,000USD7,438,000,000USD7,993,000,000USD6,795,000,000USD6,987,000,000USD3,993,000,000USD
    Total Liab406,298,000,000USD382,562,000,000USD365,520,000,000USD329,115,000,000USD367,029,000,000USD6,682,000,000USD315,072,000,000USD283,797,000,000USD
    Total Stockholder Equity10,906,000,000USD8,269,000,000USD6,893,000,000USD5,102,000,000USD20,272,000,000USD359,262,000,000USD19,689,000,000USD14,350,000,000USD
    Other Current Liab161,588,000,000USD16,907,000,000USD-250,000,000USD167,000,000USD-392,000,000USD-10,377,000,000USD-300,000,000USD277,958,000,000USD
    Common Stock5,592,000,000USD4,674,000,000USD4,605,000,000USD4,544,000,000USD4,735,000,000USD5,082,000,000USD5,162,000,000USD5,392,000,000USD
    Capital Stock6,578,000,000USD5,660,000,000USD5,591,000,000USD5,530,000,000USD4,735,000,000USD5,082,000,000USD5,162,000,000USD5,392,000,000USD
    Retained Earnings8,386,000,000USD7,645,000,000USD4,778,000,000USD5,924,000,000USD9,096,000,000USD8,686,000,000USD8,854,000,000USD8,551,000,000USD
    Good Will1,144,000,000USD1,144,000,000USD1,144,000,000USD1,144,000,000USD1,778,000,000USD1,778,000,000USD1,778,000,000USD1,782,000,000USD
    Cash9,502,000,000USD5,801,000,000USD3,365,000,000USD3,343,000,000USD2,612,000,000USD1,708,000,000USD2,563,000,000USD2,345,000,000USD
    Cash And Equivalents9,502,000,000USD5,801,000,000USD3,365,000,000USD3,343,000,000USD2,612,000,000USD1,708,000,000USD2,563,000,000USD2,345,000,000USD
    Cash And Short Term Investments46,395,000,000USD26,717,000,000USD92,103,000,000USD103,079,000,000USD121,358,000,000USD124,752,000,000USD107,763,000,000USD96,369,000,000USD
    Total Current Assets75,529,000,000USD55,467,000,000USD3,365,000,000USD122,961,000,000USD142,233,000,000USD141,734,000,000USD125,372,000,000USD118,680,000,000USD
    Total Current Liabilities161,988,000,000USD17,207,000,000USD-21,376,000,000USD750,000,000USD300,000,000USD-10,127,000,000USD300,000,000USD277,958,000,000USD
    Net Debt-3,071,000,000USD554,000,000USD2,756,000,000USD3,112,000,000USD4,013,000,000USD4,974,000,000USD3,804,000,000USD3,494,000,000USD
    Short Term Debt400,000,000USD300,000,000USD250,000,000USD500,000,000USD550,000,000USD250,000,000USD300,000,000USD0USD
    Short Long Term Debt400,000,000USD300,000,000USD250,000,000USD500,000,000USD300,000,000USD250,000,000USD300,000,000USD0USD
    Short Long Term Debt Total6,431,000,000USD6,355,000,000USD6,121,000,000USD6,632,000,000USD6,625,000,000USD8,878,000,000USD8,177,000,000USD7,579,000,000USD
    Long Term Debt5,866,000,000USD6,055,000,000USD5,699,000,000USD5,955,000,000USD6,325,000,000USD8,628,000,000USD7,877,000,000USD7,579,000,000USD
    Long Term Investments95,760,000,000USD89,430,000,000USD96,418,000,000USD133,049,000,000USD123,546,000,000USD155,213,000,000USD134,845,000,000USD116,335,000,000USD
    Short Term Investments36,893,000,000USD20,916,000,000USD88,738,000,000USD99,736,000,000USD118,746,000,000USD123,044,000,000USD105,200,000,000USD94,024,000,000USD
    Net Receivables29,134,000,000USD28,750,000,000USD29,843,000,000USD19,953,000,000USD20,295,000,000USD16,982,000,000USD17,609,000,000USD18,318,000,000USD
    Property Plant Equipment Net58,000,000USD85,000,000USD118,000,000USD154,000,000USD147,000,000USD182,000,000USD233,000,000USD-1,189,000,000USD
    Accumulated Other Comprehensive Income-4,058,000,000USD-5,036,000,000USD-3,476,000,000USD-6,352,000,000USD6,441,000,000USD8,931,000,000USD5,673,000,000USD407,000,000USD
    Common Stock Shares Outstanding186,062,087shares173,800,000shares169,562,903shares172,700,155shares189,098,767shares194,465,180shares202,105,134shares219,552,106shares
    Non Current Assets Total341,675,000,000USD335,364,000,000USD372,413,000,000USD334,331,000,000USD125,324,000,000USD129,452,000,000USD111,754,000,000USD179,467,000,000USD
    Non Current Liabilities Total244,310,000,000USD365,355,000,000USD368,979,000,000USD750,000,000USD366,191,000,000USD6,682,000,000USD6,067,000,000USD5,839,000,000USD
    Non Currrent Assets Other225,689,000,000USD344,482,000,000USD344,509,000,000USD303,277,000,000USD-4,979,000,000USD-3,153,000,000USD-1,391,000,000USD81,612,000,000USD
    Unclassified Non Current Assets6,197,000,000USD-456,796,000,000USD-443,129,000,000USD-210,648,000,000USD-120,451,000,000USD-128,887,000,000USD-131,064,000,000USD-149,865,000,000USD
    Unclassified Non Current Liabilities238,444,000,000USD359,300,000,000USD363,280,000,000USD-635,687,000,000USD-347,207,000,000USD-664,337,000,000USD-601,100,000,000USD-542,692,000,000USD
    Unclassified Equity-5,592,000,000USD-4,674,000,000USD-4,605,000,000USD-4,544,000,000USD-4,735,000,000USD331,481,000,000USD-5,162,000,000USD-5,392,000,000USD
    Other Assets—356,042,000,000USD372,413,000,000USD106,451,000,000USD119,744,000,000USD94,758,000,000USD97,635,000,000USD118,680,000,000USD
    Unclassified Current Liabilities—-300,000,000USD-21,876,000,000USD-7,129,000,000USD-2,668,000,000USD-16,849,000,000USD-5,382,000,000USD-4,805,000,000USD
    Inventory——-52,833,000,000USD-7,509,000,000USD-7,413,000,000USD-6,795,000,000USD-6,987,000,000USD—
    Unclassified Current Assets——-118,581,000,000USD-7,509,000,000USD-7,413,000,000USD-6,795,000,000USD-6,987,000,000USD—
    Deferred Long Term Liab———215,000,000USD203,000,000USD213,000,000USD234,000,000USD248,000,000USD
    Other Liab———312,098,000,000USD357,530,000,000USD333,779,000,000USD297,243,000,000USD269,291,000,000USD
    Accounts Payable———6,712,000,000USD2,118,000,000USD6,222,000,000USD5,082,000,000USD4,805,000,000USD
    Non Current Liabilities Other———318,169,000,000USD349,340,000,000USD328,399,000,000USD301,813,000,000USD271,413,000,000USD
    Net Tangible Assets———1,971,000,000USD18,494,000,000USD20,921,000,000USD17,911,000,000USD12,568,000,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow YTD

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USD
    Other Non Cash Items302,000,000USD
    Change To Liabilities-174,000,000USD
    Operating Cash Flow-420,000,000USD
    Net Investments-382,000,000USD
    Other Investing Activities103,000,000USD
    Unclassified Investing Cash Flow-597,000,000USD
    Investing Cash Flow-876,000,000USD
    Net Debt Issuance594,000,000USD
    Common Dividends Paid-172,000,000USD
    Unclassified Financing Cash Flow1,537,000,000USD
    Financing Cash Flow1,959,000,000USD
    Change In Cash663,000,000USD
    End Cash Flow10,165,000,000USD
    SourceDisclosureDeterministicFinal

    Cash flow Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USD
    Net Income-172,000,000USD754,000,000USD446,000,000USD699,000,000USD-722,000,000USD1,687,000,000USD-528,000,000USD894,000,000USD
    Other Non Cash Items624,000,000USD-1,198,000,000USD-1,730,000,000USD-73,000,000USD980,000,000USD-1,821,000,000USD1,033,000,000USD-867,000,000USD
    Change In Working Capital-314,000,000USD677,000,000USD143,000,000USD387,000,000USD-530,000,000USD356,000,000USD-532,000,000USD-886,000,000USD
    Total Cash From Operating Activities138,000,000USD233,000,000USD-1,141,000,000USD1,013,000,000USD-272,000,000USD222,000,000USD-27,000,000USD-859,000,000USD
    Capital Expenditures0USD0USD0USD0USD0USD0USD0USD0USD
    Free Cash Flow138,000,000USD233,000,000USD-1,141,000,000USD1,013,000,000USD-272,000,000USD222,000,000USD-27,000,000USD-859,000,000USD
    Investments-1,895,000,000USD-2,892,000,000USD2,212,000,000USD-266,000,000USD-2,046,000,000USD-717,000,000USD-702,000,000USD601,000,000USD
    Total Cashflows From Investing Activities-3,454,000,000USD-3,913,000,000USD2,212,000,000USD-266,000,000USD-2,046,000,000USD-717,000,000USD-702,000,000USD601,000,000USD
    Net Borrowings84,000,000USD443,000,000USD-99,000,000USD-376,000,000USD-316,000,000USD-39,000,000USD-54,000,000USD—
    Total Cash From Financing Activities1,159,000,000USD2,514,000,000USD2,454,000,000USD2,112,000,000USD801,000,000USD283,000,000USD1,267,000,000USD1,611,000,000USD
    Dividends Paid-120,000,000USD-97,000,000USD-120,000,000USD-88,000,000USD-111,000,000USD-88,000,000USD-111,000,000USD-88,000,000USD
    Sale Purchase Of Stock-23,000,000USD829,000,000USD3,000,000USD818,000,000USD-4,000,000USD4,000,000USD2,000,000USD-1,000,000USD
    Change In Cash-2,157,000,000USD-1,166,000,000USD3,525,000,000USD2,859,000,000USD-1,517,000,000USD-212,000,000USD538,000,000USD1,353,000,000USD
    Begin Period Cash Flow9,502,000,000USD10,668,000,000USD7,143,000,000USD4,284,000,000USD5,801,000,000USD6,013,000,000USD5,475,000,000USD4,122,000,000USD
    End Period Cash Flow7,345,000,000USD9,502,000,000USD10,668,000,000USD7,143,000,000USD4,284,000,000USD5,801,000,000USD6,013,000,000USD5,475,000,000USD
    Other Cashflows From Investing Activities-35,000,000USD-1,021,000,000USD-7,266,000,000USD136,000,000USD-1,338,000,000USD-265,000,000USD-792,000,000USD1,026,000,000USD
    Other Cashflows From Financing Activities1,203,000,000USD2,122,000,000USD2,571,000,000USD1,751,000,000USD1,232,000,000USD411,000,000USD1,432,000,000USD1,741,000,000USD
    Unclassified Investing Cash Flow-1,524,000,000USD—7,266,000,000USD-136,000,000USD1,338,000,000USD265,000,000USD792,000,000USD-1,026,000,000USD
    Unclassified Financing Cash Flow15,000,000USD-783,000,000USD99,000,000USD——-5,000,000USD—-41,000,000USD
    Issuance Of Capital Stock—0USD0USD—————
    Depreciation——————-186,000,000USD174,000,000USD
    Unclassified Operating Cash Flow——————186,000,000USD-174,000,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USDFY 20172017-12-31 · USD
    Net Income1,177,000,000USD3,275,000,000USD-752,000,000USD-2,227,000,000USD499,000,000USD886,000,000USD1,641,000,000USD2,079,000,000USD
    Other Non Cash Items700,000,000USD-3,608,000,000USD2,043,000,000USD1,003,000,000USD948,000,000USD-1,097,000,000USD-179,000,000USD1,273,000,000USD
    Change In Working Capital-2,044,000,000USD-1,674,000,000USD-3,365,000,000USD5,331,000,000USD-872,000,000USD-2,066,000,000USD481,000,000USD-2,564,000,000USD
    Total Cash From Operating Activities-167,000,000USD-2,007,000,000USD-2,074,000,000USD4,033,000,000USD534,000,000USD-2,686,000,000USD1,943,000,000USD788,000,000USD
    Capital Expenditures0USD0USD0USD0USD0USD0USD-1,821,000,000USD0USD
    Free Cash Flow-167,000,000USD-2,007,000,000USD-2,074,000,000USD4,033,000,000USD534,000,000USD-2,686,000,000USD1,943,000,000USD788,000,000USD
    Investments-4,774,000,000USD821,000,000USD-4,400,000,000USD-9,355,000,000USD-11,357,000,000USD-1,916,000,000USD-2,957,000,000USD-2,599,000,000USD
    Total Cashflows From Investing Activities-4,013,000,000USD821,000,000USD-3,334,000,000USD-11,643,000,000USD-9,481,000,000USD-5,499,000,000USD-5,815,000,000USD-4,188,000,000USD
    Net Borrowings-348,000,000USD145,000,000USD-542,000,000USD-4,000,000USD180,000,000USD394,000,000USD622,000,000USD62,000,000USD
    Total Cash From Financing Activities7,881,000,000USD3,622,000,000USD5,430,000,000USD8,341,000,000USD8,092,000,000USD8,403,000,000USD4,589,000,000USD2,306,000,000USD
    Dividends Paid-416,000,000USD-398,000,000USD-387,000,000USD-310,000,000USD-311,000,000USD-303,000,000USD-289,000,000USD-262,000,000USD
    Sale Purchase Of Stock829,000,000USD-5,000,000USD-7,000,000USD-550,000,000USD-275,000,000USD-550,000,000USD-900,000,000USD-725,000,000USD
    Issuance Of Capital Stock825,000,000USD0USD0USD986,000,000USD0USD———
    Change In Cash3,701,000,000USD2,436,000,000USD22,000,000USD731,000,000USD-855,000,000USD218,000,000USD717,000,000USD-1,094,000,000USD
    Begin Period Cash Flow5,801,000,000USD3,365,000,000USD3,343,000,000USD2,612,000,000USD2,563,000,000USD2,345,000,000USD1,628,000,000USD2,722,000,000USD
    End Period Cash Flow9,502,000,000USD5,801,000,000USD3,365,000,000USD3,343,000,000USD1,708,000,000USD2,563,000,000USD2,345,000,000USD1,628,000,000USD
    Other Cashflows From Investing Activities116,000,000USD1,275,000,000USD-1,367,000,000USD-2,288,000,000USD1,876,000,000USD-3,583,000,000USD-1,279,000,000USD-1,365,000,000USD
    Other Cashflows From Financing Activities7,284,000,000USD3,875,000,000USD6,359,000,000USD9,587,000,000USD8,430,000,000USD8,816,000,000USD5,133,000,000USD3,231,000,000USD
    Unclassified Investing Cash Flow645,000,000USD-1,275,000,000USD2,433,000,000USD———242,000,000USD-224,000,000USD
    Unclassified Financing Cash Flow532,000,000USD——-382,000,000USD————
    Depreciation——-38,000,000USD-74,000,000USD-41,000,000USD-409,000,000USD-81,000,000USD4,000,000USD
    Stock Based Compensation——85,000,000USD47,000,000USD86,000,000USD90,000,000USD56,000,000USD85,000,000USD
    Unclassified Operating Cash Flow——-47,000,000USD-47,000,000USD-86,000,000USD-90,000,000USD25,000,000USD-89,000,000USD
    Change To Account Receivables———-54,000,000USD-21,000,000USD105,000,000USD-87,000,000USD34,000,000USD
    Change To Liabilities———-619,000,000USD-116,000,000USD-1,599,000,000USD-52,000,000USD-2,839,000,000USD
    Cash And Cash Equivalents Changes———731,000,000USD-855,000,000USD218,000,000USD717,000,000USD-1,094,000,000USD
    Change To Inventory———————0USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Operating metrics

    No operating metrics are currently published for this company.

    Revenue breakdown

    PeriodDimensionBusiness / regionRevenueCurrencySource
    Q2 2026Quarterly · 2026-06-30SegmentAnnuities1,383,000,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30SegmentGroup Protection1,574,000,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30SegmentLife1,205,000,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30SegmentOther27,000,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30SegmentRetirement Plan Services353,000,000USDDisclosure
    Q1 2026Quarterly · 2026-03-31SegmentAnnuities1,576,000,000USD0000059558-26-000035
    Q1 2026Quarterly · 2026-03-31SegmentGroup Protection1,555,000,000USD0000059558-26-000035
    Q1 2026Quarterly · 2026-03-31SegmentLife1,785,000,000USD0000059558-26-000035
    Q1 2026Quarterly · 2026-03-31SegmentOther47,000,000USD0000059558-26-000035
    Q1 2026Quarterly · 2026-03-31SegmentRetirement Plan Services343,000,000USD0000059558-26-000035
    FY 2025Yearly · 2025-12-31SegmentAnnuities4,859,000,000USD0000059558-26-000016
    FY 2025Yearly · 2025-12-31SegmentGroup Protection6,099,000,000USD0000059558-26-000016
    FY 2025Yearly · 2025-12-31SegmentLife5,899,000,000USD0000059558-26-000016
    FY 2025Yearly · 2025-12-31SegmentOther24,000,000USD0000059558-26-000016
    FY 2025Yearly · 2025-12-31SegmentRetirement Plan Services1,331,000,000USD0000059558-26-000016
    Q3 2025Quarterly · 2025-09-30SegmentAnnuities1,355,000,000USD0000059558-25-000093
    Q3 2025Quarterly · 2025-09-30SegmentGroup Protection1,504,000,000USD0000059558-25-000093
    Q3 2025Quarterly · 2025-09-30SegmentLife1,349,000,000USD0000059558-25-000093
    Q3 2025Quarterly · 2025-09-30SegmentOther5,000,000USD0000059558-25-000093
    Q3 2025Quarterly · 2025-09-30SegmentRetirement Plan Services342,000,000USD0000059558-25-000093
    Q2 2025Quarterly · 2025-06-30SegmentAnnuities684,000,000USD0000059558-25-000082
    Q2 2025Quarterly · 2025-06-30SegmentGroup Protection1,538,000,000USD0000059558-25-000082
    Q2 2025Quarterly · 2025-06-30SegmentLife1,524,000,000USD0000059558-25-000082
    Q2 2025Quarterly · 2025-06-30SegmentRetirement Plan Services321,000,000USD0000059558-25-000082
    Q1 2025Quarterly · 2025-03-31SegmentAnnuities1,394,000,000USD0000059558-26-000035
    Q1 2025Quarterly · 2025-03-31SegmentGroup Protection1,519,000,000USD0000059558-26-000035
    Q1 2025Quarterly · 2025-03-31SegmentLife1,408,000,000USD0000059558-26-000035
    Q1 2025Quarterly · 2025-03-31SegmentOther47,000,000USD0000059558-26-000035
    Q1 2025Quarterly · 2025-03-31SegmentRetirement Plan Services323,000,000USD0000059558-26-000035
    FY 2024Yearly · 2024-12-31SegmentAnnuities4,702,000,000USD0000059558-26-000016
    FY 2024Yearly · 2024-12-31SegmentGroup Protection5,711,000,000USD0000059558-26-000016
    FY 2024Yearly · 2024-12-31SegmentLife6,288,000,000USD0000059558-26-000016
    FY 2024Yearly · 2024-12-31SegmentOther463,000,000USD0000059558-26-000016
    FY 2024Yearly · 2024-12-31SegmentRetirement Plan Services1,278,000,000USD0000059558-26-000016
    Q3 2024Quarterly · 2024-09-30SegmentAnnuities1,386,000,000USD0000059558-25-000093
    Q3 2024Quarterly · 2024-09-30SegmentGroup Protection1,429,000,000USD0000059558-25-000093
    Q3 2024Quarterly · 2024-09-30SegmentLife966,000,000USD0000059558-25-000093
    Q3 2024Quarterly · 2024-09-30SegmentOther15,000,000USD0000059558-25-000093
    Q3 2024Quarterly · 2024-09-30SegmentRetirement Plan Services315,000,000USD0000059558-25-000093
    Q2 2024Quarterly · 2024-06-30SegmentAnnuities1,325,000,000USD0000059558-25-000082
    Q2 2024Quarterly · 2024-06-30SegmentGroup Protection1,440,000,000USD0000059558-25-000082
    Q2 2024Quarterly · 2024-06-30SegmentLife1,582,000,000USD0000059558-25-000082
    Q2 2024Quarterly · 2024-06-30SegmentOther492,000,000USD0000059558-25-000082
    Q2 2024Quarterly · 2024-06-30SegmentRetirement Plan Services314,000,000USD0000059558-25-000082
    Q4 2022Quarterly · 2022-12-31SegmentAnnuities1,125,000,000USDLegacy provider
    Q4 2022Quarterly · 2022-12-31SegmentGroup Protection1,345,000,000USDLegacy provider
    Q4 2022Quarterly · 2022-12-31SegmentLife1,690,000,000USDLegacy provider
    Q4 2022Quarterly · 2022-12-31SegmentOther Operations0USDLegacy provider
    Q4 2022Quarterly · 2022-12-31SegmentRetirement Plan Services325,000,000USDLegacy provider
    FY 2022Yearly · 2022-12-31SegmentAnnuities4,482,000,000USD0000059558-24-000013
    FY 2022Yearly · 2022-12-31SegmentGroup Protection5,304,000,000USD0000059558-24-000013
    FY 2022Yearly · 2022-12-31SegmentLife6,747,000,000USD0000059558-24-000013
    FY 2022Yearly · 2022-12-31SegmentOther959,000,000USD0000059558-24-000013
    FY 2022Yearly · 2022-12-31SegmentRetirement Plan Services1,274,000,000USD0000059558-24-000013
    FY 2021Yearly · 2021-12-31SegmentAnnuities4,691,000,000USD0000059558-24-000013
    FY 2021Yearly · 2021-12-31SegmentGroup Protection4,995,000,000USD0000059558-24-000013
    FY 2021Yearly · 2021-12-31SegmentLife7,387,000,000USD0000059558-24-000013
    FY 2021Yearly · 2021-12-31SegmentOther1,467,000,000USD0000059558-24-000013
    FY 2021Yearly · 2021-12-31SegmentRetirement Plan Services1,322,000,000USD0000059558-24-000013
    FY 2019Yearly · 2019-12-31SegmentAmortization Of Dfel Associated With Benefit Ratio Unlocking Pre Tax6,000,000USD0000059558-20-000012
    FY 2019Yearly · 2019-12-31SegmentAnnuities4,600,000,000USD0000059558-20-000012
    FY 2019Yearly · 2019-12-31SegmentExcluded Realized Gain Loss Pre Tax Reconciling Item-794,000,000USD0000059558-20-000012
    FY 2019Yearly · 2019-12-31SegmentGroup Protection4,588,000,000USD0000059558-20-000012
    FY 2019Yearly · 2019-12-31SegmentLife7,438,000,000USD0000059558-20-000012
    FY 2019Yearly · 2019-12-31SegmentOther Operations220,000,000USD0000059558-20-000012
    FY 2019Yearly · 2019-12-31SegmentRetirement Plan Services1,200,000,000USD0000059558-20-000012
    FY 2018Yearly · 2018-12-31SegmentAmortization Of Dfel Associated With Benefit Ratio Unlocking Pre Tax-5,000,000USD0000059558-20-000012
    FY 2018Yearly · 2018-12-31SegmentAnnuities4,383,000,000USD0000059558-20-000012
    FY 2018Yearly · 2018-12-31SegmentExcluded Realized Gain Loss Pre Tax Reconciling Item-46,000,000USD0000059558-20-000012
    FY 2018Yearly · 2018-12-31SegmentGroup Protection3,757,000,000USD0000059558-20-000012
    FY 2018Yearly · 2018-12-31SegmentLife6,922,000,000USD0000059558-20-000012
    FY 2018Yearly · 2018-12-31SegmentOther Operations235,000,000USD0000059558-20-000012
    FY 2018Yearly · 2018-12-31SegmentRetirement Plan Services1,178,000,000USD0000059558-20-000012
    FY 2018Yearly · 2018-12-31ProductFee Income723,000,000USD0000059558-19-000010
    FY 2018Yearly · 2018-12-31ProductOther Revenues620,000,000USD0000059558-19-000010
    Q4 2018Quarterly · 2018-12-31ProductFee Income177,000,000USDLegacy provider
    Q4 2018Quarterly · 2018-12-31ProductOther Revenues167,000,000USDLegacy provider
    Q3 2018Quarterly · 2018-09-30ProductFee Income185,000,000USD0000059558-18-000037
    Q3 2018Quarterly · 2018-09-30ProductOther Revenues168,000,000USD0000059558-18-000037
    Q2 2018Quarterly · 2018-06-30ProductFee Income181,000,000USD0000059558-18-000031
    Q2 2018Quarterly · 2018-06-30ProductOther Revenues153,000,000USD0000059558-18-000031
    Q1 2018Quarterly · 2018-03-31ProductFee Income180,000,000USD0000059558-18-000016
    Q1 2018Quarterly · 2018-03-31ProductOther Revenues132,000,000USD0000059558-18-000016
    FY 2017Yearly · 2017-12-31SegmentAmortization Of Deferred Gain Arising From Reserve Changes On Business Sold Through Reinsurance Pre Tax1,000,000USD0000059558-20-000012
    FY 2017Yearly · 2017-12-31SegmentAmortization Of Dfel Associated With Benefit Ratio Unlocking Pre Tax3,000,000USD0000059558-20-000012
    FY 2017Yearly · 2017-12-31SegmentAnnuities4,378,000,000USD0000059558-20-000012
    FY 2017Yearly · 2017-12-31SegmentExcluded Realized Gain Loss Pre Tax Reconciling Item-336,000,000USD0000059558-20-000012
    FY 2017Yearly · 2017-12-31SegmentGroup Protection2,201,000,000USD0000059558-20-000012
    FY 2017Yearly · 2017-12-31SegmentLife6,558,000,000USD0000059558-20-000012
    FY 2017Yearly · 2017-12-31SegmentOther Operations287,000,000USD0000059558-20-000012
    FY 2017Yearly · 2017-12-31SegmentRetirement Plan Services1,165,000,000USD0000059558-20-000012
    FY 2016Yearly · 2016-12-31SegmentAmortization Of Deferred Gain Arising From Reserve Changes On Business Sold Through Reinsurance Pre Tax3,000,000USD0000059558-19-000010
    FY 2016Yearly · 2016-12-31SegmentAmortization Of Dfel Associated With Benefit Ratio Unlocking Pre Tax1,000,000USD0000059558-19-000010
    FY 2016Yearly · 2016-12-31SegmentAnnuities4,033,000,000USD0000059558-19-000010
    FY 2016Yearly · 2016-12-31SegmentExcluded Realized Gain Loss Pre Tax Reconciling Item-518,000,000USD0000059558-19-000010
    FY 2016Yearly · 2016-12-31SegmentGroup Protection2,130,000,000USD0000059558-19-000010
    FY 2016Yearly · 2016-12-31SegmentLife6,246,000,000USD0000059558-19-000010
    FY 2016Yearly · 2016-12-31SegmentOther Operations332,000,000USD0000059558-19-000010
    FY 2016Yearly · 2016-12-31SegmentRetirement Plan Services1,103,000,000USD0000059558-19-000010

    Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.