LINCOLN NATIONAL CORP [LNC] Filings |
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10-Q | [2022-05-05] |
10-K | [2022-02-17] |
10-Q | [2021-11-04] |
10-Q | [2021-08-05] |
10-Q | [2021-05-06] |
10-K | [2021-02-18] |
10-Q | [2020-11-05] |
10-Q | [2020-08-06] |
10-Q | [2020-05-07] |
10-K | [2020-02-20] |
10-Q | [2019-10-31] |
10-Q | [2019-08-01] |
10-Q | [2019-05-02] |
10-K | [2019-02-20] |
10-Q | [2018-11-02] |
10-Q | [2018-08-02] |
10-Q | [2018-05-03] |
10-K | [2018-02-22] |
10-Q | [2017-11-02] |
10-Q | [2017-08-03] |
10-Q | [2017-05-04] |
10-K | [2017-02-23] |
10-Q | [2016-11-03] |
10-Q | [2016-08-04] |
10-Q | [2016-05-05] |
10-K | [2016-02-25] |
10-Q | [2015-10-29] |
10-Q | [2015-07-30] |
10-Q | [2015-04-30] |
10-K | [2015-02-26] |
10-Q | [2014-10-30] |
10-Q | [2014-07-31] |
10-Q | [2014-05-01] |
10-K | [2014-02-25] |
10-Q | [2013-11-01] |
10-Q | [2013-08-01] |
10-Q | [2013-05-02] |
10-K | [2013-03-01] |
10-Q | [2012-11-07] |
10-Q | [2012-08-02] |
10-Q | [2012-05-03] |
10-K | [2012-02-23] |
__________________________________________________________________________________________________________
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_________________
FORM
_________________
(Mark One)
For the quarterly period ended
OR
For the transition period from ______ to ______
Commission File Number:
_________________
(Exact name of registrant as specified in its charter)
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(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |
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(Address of principal executive offices) | (Zip Code) |
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(Registrant’s telephone number, including area code)
Not Applicable
(Former name, former address and former fiscal year, if changed since last report)
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Securities registered pursuant to Section 12(b) of the Act:
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Title of each class | Trading symbol(s) | Name of each exchange on which registered |
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Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
Yes x No ¨
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).
Yes x No ¨
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
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| Accelerated Filer | | |
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| Smaller Reporting Company | |
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| Emerging Growth Company |
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
Yes ¨No
As of May 2, 2022, there were
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Lincoln National Corporation
Table of Contents
PART I – FINANCIAL INFORMATION
Item 1. Financial Statements
LINCOLN NATIONAL CORPORATION
CONSOLIDATED BALANCE SHEETS
(in millions, except share data)
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| As of |
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| As of |
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| March 31, | December 31, | ||||||
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| 2022 |
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| 2021 |
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ASSETS |
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Investments: |
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Fixed maturity available-for-sale securities, at fair value |
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(amortized cost: 2022 - $ |
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Trading securities |
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Equity securities |
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Mortgage loans on real estate, net of allowance for credit losses |
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(portion at fair value: 2022 - $ |
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Policy loans |
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Derivative investments |
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Other investments |
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Total investments |
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Cash and invested cash |
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Deferred acquisition costs and value of business acquired |
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Premiums and fees receivable |
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Accrued investment income |
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Reinsurance recoverables, net of allowance for credit losses |
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Funds withheld reinsurance assets |
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Goodwill |
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Other assets |
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Separate account assets |
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Total assets |
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LIABILITIES AND STOCKHOLDERS’ EQUITY |
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Liabilities |
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Future contract benefits |
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Other contract holder funds |
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Short-term debt |
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| - |
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Long-term debt |
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Reinsurance-related embedded derivatives |
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| - |
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Funds withheld reinsurance liabilities |
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Payables for collateral on investments |
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Other liabilities |
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Separate account liabilities |
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Total liabilities |
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Contingencies and Commitments (See Note 10) |
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Stockholders’ Equity |
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Preferred stock – |
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Common stock – |
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issued and outstanding as of March 31, 2022, and December 31, 2021, respectively |
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Retained earnings |
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Accumulated other comprehensive income (loss) |
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Total stockholders’ equity |
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Total liabilities and stockholders’ equity |
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LINCOLN NATIONAL CORPORATION
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
(Unaudited, in millions, except per share data)
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| For the Three |
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| Months Ended |
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| March 31, |
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| 2022 |
| 2021 |
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Revenues |
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Insurance premiums | $ | |
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Fee income |
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Net investment income |
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Realized gain (loss) |
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Amortization of deferred gain on business sold through reinsurance |
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Other revenues |
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Total revenues |
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Expenses |
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Interest credited |
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Benefits |
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Commissions and other expenses |
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Interest and debt expense |
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Spark program expense |
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Total expenses |
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Income (loss) before taxes |
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Federal income tax expense (benefit) |
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Net income (loss) |
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Other comprehensive income (loss), net of tax |
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Comprehensive income (loss) | $ | ( | ) | $ | ( | ) |
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