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SCHEDULE II - CONDENSED FINANCIAL INFORMATION OF REGISTRANT | 12 Months Ended
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Dec. 31, 2017
Condensed Financial Information Of Registrant [Abstract] |
Condensed financial information of registrant | LINCOLN NATIONAL CORPORATION SCHEDULE II – CONDENSED FINANCIAL INFORMATION OF REGISTRANT BALANCE SHEETS (Parent Company Only) (in millions, except share data) ﻿
﻿ |  |  |  |  |  |
﻿ |  |  |  |  |  |
﻿ | As of December 31, |
﻿ | 2017 |  | 2016 |
﻿ |  |  |  |  |  |
﻿ASSETS |  |  |  |  |  |
﻿Investments in subsidiaries (1) | $ | 20,488 |  | $ | 17,576 |
﻿Derivative investments |  | 187 |  |  | 213 |
﻿Other investments |  | 77 |  |  | 51 |
﻿Cash and invested cash |  | 620 |  |  | 611 |
﻿Loans and accrued interest to subsidiaries (1) |  | 2,328 |  |  | 2,542 |
﻿Other assets |  | 16 |  |  | 27 |
﻿Total assets | $ | 23,716 |  | $ | 21,020 |
﻿ |  |  |  |  |  |
﻿LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |
﻿Liabilities |  |  |  |  |  |
﻿Common dividends payable | $ | 72 |  | $ | 66 |
﻿Short-term debt |  | 450 |  |  | - |
﻿Long-term debt |  | 4,894 |  |  | 5,343 |
﻿Loans from subsidiaries (1) |  | 476 |  |  | 625 |
﻿Payables for collateral on investments |  | 65 |  |  | 81 |
﻿Other liabilities |  | 437 |  |  | 427 |
﻿Total liabilities |  | 6,394 |  |  | 6,542 |
﻿ |  |  |  |  |  |
﻿Contingencies and Commitments |  |  |  |  |  |
﻿ |  |  |  |  |  |
﻿Stockholders’ Equity |  |  |  |  |  |
﻿Preferred stock – 10,000,000 shares authorized |  | - |  |  | - |
﻿Common stock – 800,000,000 shares authorized |  | 5,693 |  |  | 5,869 |
﻿Retained earnings |  | 8,399 |  |  | 7,043 |
﻿Accumulated other comprehensive income (loss) |  | 3,230 |  |  | 1,566 |
﻿Total stockholders’ equity |  | 17,322 |  |  | 14,478 |
﻿Total liabilities and stockholders’ equity | $ | 23,716 |  | $ | 21,020 |
﻿
| (1) |  | Eliminated in consolidation.
﻿ LINCOLN NATIONAL CORPORATION SCHEDULE II – CONDENSED FINANCIAL INFORMATION OF REGISTRANT (Continued) STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parent Company Only) (in millions) ﻿
﻿ |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |
﻿ | For the Years Ended December 31, |
﻿ | 2017 |  | 2016 |  | 2015 |
﻿Revenues |  |  |  |  |  |  |  |  |
﻿Dividends from subsidiaries (1) | $ | 1,069 |  | $ | 1,035 |  | $ | 1,175 |
﻿Interest from subsidiaries (1) |  | 133 |  |  | 123 |  |  | 111 |
﻿Net investment income |  | 2 |  |  | 3 |  |  | - |
﻿Realized gain (loss) |  | (3 | ) |  | - |  |  | - |
﻿Other revenues |  | - |  |  | - |  |  | 25 |
﻿Total revenues |  | 1,201 |  |  | 1,161 |  |  | 1,311 |
﻿Expenses |  |  |  |  |  |  |  |  |
﻿Operating and administrative expenses |  | 40 |  |  | 46 |  |  | 38 |
﻿Interest – subsidiaries (1) |  | 21 |  |  | 16 |  |  | 7 |
﻿Interest – other |  | 247 |  |  | 327 |  |  | 270 |
﻿Total expenses |  | 308 |  |  | 389 |  |  | 315 |
﻿Income (loss) before federal income taxes, equity in income (loss) of |  |  |  |  |  |  |  |  |
﻿subsidiaries, less dividends |  | 893 |  |  | 772 |  |  | 996 |
﻿Federal income tax expense (benefit) |  | (20 | ) |  | (95 | ) |  | (66 | )
﻿Income (loss) before equity in income (loss) of subsidiaries, less dividends |  | 913 |  |  | 867 |  |  | 1,062 |
﻿Equity in income (loss) of subsidiaries, less dividends |  | 1,166 |  |  | 325 |  |  | 92 |
﻿Net income (loss) |  | 2,079 |  |  | 1,192 |  |  | 1,154 |
﻿Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |  |
﻿ Unrealized investment gains (losses) |  | 1,643 |  |  | 709 |  |  | (2,229 | )
﻿Foreign currency translation adjustment |  | 13 |  |  | (22 | ) |  | (2 | )
﻿Funded status of employee benefit plans |  | 8 |  |  | 34 |  |  | (20 | )
﻿Total other comprehensive income (loss), net of tax |  | 1,664 |  |  | 721 |  |  | (2,251 | )
﻿Comprehensive income (loss) | $ | 3,743 |  | $ | 1,913 |  | $ | (1,097 | )
﻿ ﻿ ﻿
| (1) |  | Eliminated in consolidation.
﻿ ﻿ ﻿ LINCOLN NATIONAL CORPORATION SCHEDULE II – CONDENSED FINANCIAL INFORMATION OF REGISTRANT (Continued) STATEMENTS OF CASH FLOWS (Parent Company Only) (in millions) ﻿
﻿ |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |
﻿ | For the Years Ended December 31, |
﻿ | 2017 |  | 2016 |  | 2015 |
﻿Cash Flows from Operating Activities |  |  |  |  |  |  |  |  |
﻿Net income (loss) | $ | 2,079 |  | $ | 1,192 |  | $ | 1,154 |
﻿Adjustments to reconcile net income (loss) to net cash provided by |  |  |  |  |  |  |  |  |
﻿operating activities: |  |  |  |  |  |  |  |  |
﻿Equity in (income) loss of subsidiaries greater than distributions (1) |  | (1,166 | ) |  | (325 | ) |  | (92 | )
﻿Realized (gain) loss |  | 3 |  |  | - |  |  | - |
﻿Change in federal income tax accruals |  | 107 |  |  | 120 |  |  | 106 |
﻿Other |  | 20 |  |  | 54 |  |  | (74 | )
﻿Net cash provided by (used in) operating activities |  | 1,043 |  |  | 1,041 |  |  | 1,094 |
﻿ |  |  |  |  |  |  |  |  |
﻿Cash Flows from Investing Activities |  |  |  |  |  |  |  |  |
﻿Net change in collateral on derivatives |  | 3 |  |  | - |  |  | - |
﻿Capital contribution to subsidiaries (1) |  | (60 | ) |  | - |  |  | (75 | )
﻿Increase (decrease) in collateral on investments |  | (45 | ) |  | (23 | ) |  | (38 | )
﻿Net cash provided by (used in) investing activities |  | (102 | ) |  | (23 | ) |  | (113 | )
﻿ |  |  |  |  |  |  |  |  |
﻿Cash Flows from Financing Activities |  |  |  |  |  |  |  |  |
﻿Payment of long-term debt, including current maturities |  | - |  |  | (350 | ) |  | (250 | )
﻿Issuance of long-term debt, net of issuance costs |  | - |  |  | 395 |  |  | 300 |
﻿Payment related to early extinguishment of debt |  | - |  |  | (59 | ) |  | - |
﻿Increase (decrease) in loans from subsidiaries, net (1) |  | (230 | ) |  | 37 |  |  | 68 |
﻿Increase (decrease) in loans to subsidiaries, net (1) |  | 239 |  |  | (20 | ) |  | (27 | )
﻿Common stock issued for benefit plans |  | 46 |  |  | 26 |  |  | 47 |
﻿Repurchase of common stock |  | (725 | ) |  | (879 | ) |  | (900 | )
﻿Dividends paid to common stockholders |  | (262 | ) |  | (238 | ) |  | (204 | )
﻿Net cash provided by (used in) financing activities |  | (932 | ) |  | (1,088 | ) |  | (966 | )
﻿Net increase (decrease) in cash and invested cash |  | 9 |  |  | (70 | ) |  | 15 |
﻿Cash and invested cash as of beginning-of-year |  | 611 |  |  | 681 |  |  | 666 |
﻿Cash and invested cash as of end-of-year | $ | 620 |  | $ | 611 |  | $ | 681 |
﻿ |  |  |  |  |  |  |  |  |
﻿
| (1) |  | Eliminated in consolidation.
﻿

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.7-05(c)(Schedule II)) -URI http://asc.fasb.org/extlink&oid=6879921&loc=d3e569147-122900 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=96868048&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 235 -Section S99 -Paragraph 2 -Subparagraph (SX 210.9-06) -URI http://asc.fasb.org/extlink&oid=6882215&loc=d3e537971-122884 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(c)(Schedule I)) -URI http://asc.fasb.org/extlink&oid=27047687&loc=d3e5864-122674 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 + Details
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