XML 95 R84.htm IDEA: XBRL DOCUMENT
v3.21.2

Fair Value of Financial Instruments (Fair Value Measured On A Recurring Basis Reconciliation) (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020
Level 3 Unobservable Input Reconciliation |  |  |  |
Beginning Fair Value | $ 9,413 | $ 2,126 | $ 6,441 | $ 5,141
Items Included in Net Income | (15) | 2,541 | 1,811 | (382)
Gains (Losses) in OCI and Other | (84) | 200 | (131) | 282
Issuances, Sales, Maturities, Settlements, Calls, Net | 252 | (644) | 761 | (847)
Transfers Into or Out of Level 3, Net | (4,493) | (327) | (3,809) | (298)
Ending Fair Value | 5,073 | 3,896 | 5,073 | 3,896
Corporate Bonds [Member] | Fixed Maturity AFS Securities [Member] |  |  |  |
Level 3 Unobservable Input Reconciliation |  |  |  |
Beginning Fair Value | 5,429 | 4,344 | 5,121 | 4,281
Items Included in Net Income | 1 | (7) | 4 | (7)
Gains (Losses) in OCI and Other | (88) | 197 | (139) | 17
Issuances, Sales, Maturities, Settlements, Calls, Net | 55 | 30 | 440 | 181
Transfers Into or Out of Level 3, Net | (25) | (12) | (54) | 80
Ending Fair Value | 5,372 | 4,552 | 5,372 | 4,552
U.S. Government Bonds [Member] | Fixed Maturity AFS Securities [Member] |  |  |  |
Level 3 Unobservable Input Reconciliation |  |  |  |
Beginning Fair Value |  | 5 | 5 | 5
Issuances, Sales, Maturities, Settlements, Calls, Net |  |  | (5) |
Transfers Into or Out of Level 3, Net |  | (5) |  | (5)
Foreign Government Bonds [Member] | Fixed Maturity AFS Securities [Member] |  |  |  |
Level 3 Unobservable Input Reconciliation |  |  |  |
Beginning Fair Value | 43 | 86 | 74 | 90
Items Included in Net Income |  |  |  |
Gains (Losses) in OCI and Other | (3) |  | (11) | (4)
Issuances, Sales, Maturities, Settlements, Calls, Net | 66 | (20) | 80 | (20)
Transfers Into or Out of Level 3, Net |  |  | (37) |
Ending Fair Value | 106 | 66 | 106 | 66
RMBS [Member] | Fixed Maturity AFS Securities [Member] |  |  |  |
Level 3 Unobservable Input Reconciliation |  |  |  |
Beginning Fair Value | 1 | 2 | 2 | 11
Items Included in Net Income |  |  | (1) |
Gains (Losses) in OCI and Other |  |  |  |
Issuances, Sales, Maturities, Settlements, Calls, Net |  |  |  |
Transfers Into or Out of Level 3, Net |  |  |  | (9)
Ending Fair Value | 1 | 2 | 1 | 2
CMBS [Member] | Fixed Maturity AFS Securities [Member] |  |  |  |
Level 3 Unobservable Input Reconciliation |  |  |  |
Beginning Fair Value | 9 | 1 |  | 1
Items Included in Net Income |  |  | 1 |
Gains (Losses) in OCI and Other |  |  |  |
Issuances, Sales, Maturities, Settlements, Calls, Net |  |  | 8 |
Transfers Into or Out of Level 3, Net | (8) |  | (8) |
Ending Fair Value | 1 | 1 | 1 | 1
ABS [Member] | Fixed Maturity AFS Securities [Member] |  |  |  |
Level 3 Unobservable Input Reconciliation |  |  |  |
Beginning Fair Value | 630 | 424 | 570 | 268
Items Included in Net Income |  |  | 1 |
Gains (Losses) in OCI and Other | (2) | 2 | (5) | 3
Issuances, Sales, Maturities, Settlements, Calls, Net | 144 | 60 | 426 | 318
Transfers Into or Out of Level 3, Net | (38) | (73) | (258) | (176)
Ending Fair Value | 734 | 413 | 734 | 413
Hybrid And Redeemable Preferred Securities [Member] | Fixed Maturity AFS Securities [Member] |  |  |  |
Level 3 Unobservable Input Reconciliation |  |  |  |
Beginning Fair Value | 102 | 90 | 104 | 78
Items Included in Net Income |  |  |  |
Gains (Losses) in OCI and Other | 6 | 1 | 18 | (1)
Issuances, Sales, Maturities, Settlements, Calls, Net | (27) | 14 | (41) | 10
Transfers Into or Out of Level 3, Net |  |  |  | 18
Ending Fair Value | 81 | 105 | 81 | 105
Mortgage Loans On Real Estate [Member] |  |  |  |
Level 3 Unobservable Input Reconciliation |  |  |  |
Beginning Fair Value | 818 |  | 832 |
Items Included in Net Income | 4 |  | 11 |
Gains (Losses) in OCI and Other | 3 |  | 6 |
Issuances, Sales, Maturities, Settlements, Calls, Net | (33) |  | (57) |
Transfers Into or Out of Level 3, Net |  |  |  |
Ending Fair Value | 792 |  | 792 |
Trading Securities [Member] |  |  |  |
Level 3 Unobservable Input Reconciliation |  |  |  |
Beginning Fair Value | 630 | 673 | 644 | 666
Items Included in Net Income | 3 | 3 | 2 | (1)
Gains (Losses) in OCI and Other |  |  |  |
Issuances, Sales, Maturities, Settlements, Calls, Net | (33) | (120) | (31) | (140)
Transfers Into or Out of Level 3, Net |  | (21) | (15) | 10
Ending Fair Value | 600 | 535 | 600 | 535
Equity Securities [Member] |  |  |  |
Level 3 Unobservable Input Reconciliation |  |  |  |
Beginning Fair Value | 82 | 29 | 59 | 30
Items Included in Net Income | 5 | 2 | 31 | 1
Gains (Losses) in OCI and Other |  |  |  |
Issuances, Sales, Maturities, Settlements, Calls, Net |  | 20 | (3) | 20
Transfers Into or Out of Level 3, Net |  |  |  |
Ending Fair Value | 87 | 51 | 87 | 51
Derivative Investments [Member] |  |  |  |
Level 3 Unobservable Input Reconciliation |  |  |  |
Beginning Fair Value | 1 | 595 | 1,542 | 868
Items Included in Net Income |  | 958 | 1,249 | 555
Gains (Losses) in OCI and Other |  |  |  | 267
Issuances, Sales, Maturities, Settlements, Calls, Net |  | (189) | (132) | (326)
Transfers Into or Out of Level 3, Net |  | (216) | (2,658) | (216)
Ending Fair Value | 1 | 1,148 | 1 | 1,148
GLB Direct Embedded Derivatives [Member] | Other Assets [Member] |  |  |  |
Level 3 Unobservable Input Reconciliation |  |  |  |
Beginning Fair Value | 1,767 |  | 450 | 450
Items Included in Net Income | (69) |  | 1,248 | (450)
Gains (Losses) in OCI and Other |  |  |  |
Issuances, Sales, Maturities, Settlements, Calls, Net |  |  |  |
Transfers Into or Out of Level 3, Net |  |  |  |
Ending Fair Value | 1,698 |  | 1,698 |
GLB Direct Embedded Derivatives [Member] | Other Liabilities [Member] |  |  |  |
Level 3 Unobservable Input Reconciliation |  |  |  |
Beginning Fair Value | (152) | (3,086) |  |
Items Included in Net Income | 6 | 1,980 | (146) | (1,106)
Gains (Losses) in OCI and Other |  |  |  |
Issuances, Sales, Maturities, Settlements, Calls, Net |  |  |  |
Transfers Into or Out of Level 3, Net |  |  |  |
Ending Fair Value | (146) | (1,106) | (146) | (1,106)
GLB Ceded Embedded Derivatives [Member] | Other Assets [Member] |  |  |  |
Level 3 Unobservable Input Reconciliation |  |  |  |
Beginning Fair Value | 53 | 571 | 82 | 60
Items Included in Net Income | 2 | (290) | (27) | 221
Gains (Losses) in OCI and Other |  |  |  |
Issuances, Sales, Maturities, Settlements, Calls, Net |  |  |  |
Transfers Into or Out of Level 3, Net |  |  |  |
Ending Fair Value | 55 | 281 | 55 | 281
GLB Ceded Embedded Derivatives [Member] | Other Liabilities [Member] |  |  |  |
Level 3 Unobservable Input Reconciliation |  |  |  |
Beginning Fair Value |  |  |  | (9)
Items Included in Net Income |  |  |  | 9
Indexed Annuity Ceded Embedded Derivatives [Member] | Other Assets [Member] |  |  |  |
Level 3 Unobservable Input Reconciliation |  |  |  |
Beginning Fair Value |  | 664 | 550 | 927
Items Included in Net Income | (14) | 295 | 17 | 484
Gains (Losses) in OCI and Other |  |  |  |
Issuances, Sales, Maturities, Settlements, Calls, Net | (6) | (423) | (60) | (875)
Transfers Into or Out of Level 3, Net | 515 |  | (12) |
Ending Fair Value | 495 | 536 | 495 | 536
Indexed Annuity And IUL Contracts [Member] | Future Contract Benefits [Member] |  |  |  |
Level 3 Unobservable Input Reconciliation |  |  |  |
Beginning Fair Value |  | (2,272) | (3,594) | (2,585)
Items Included in Net Income | 47 | (400) | (579) | (88)
Gains (Losses) in OCI and Other |  |  |  |
Issuances, Sales, Maturities, Settlements, Calls, Net | 86 | (16) | 136 | (15)
Transfers Into or Out of Level 3, Net | (4,937) |  | (767) |
Ending Fair Value | $ (4,804) | $ (2,688) | $ (4,804) | $ (2,688)

X
- References No definition available. + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of gain (loss) recognized in income from asset measured at fair value on recurring basis using unobservable input (level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of gain (loss) recognized in other comprehensive income (OCI) from asset measured at fair value on recurring basis using unobservable input (level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of purchases, (sales), issuances and (settlements) of financial instrument classified as a derivative asset (liability) after deduction of derivative liability (asset), measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19279-110258 + Details
Name: | us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchasesSalesIssuesSettlements
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of transfers of financial instrument classified as a derivative asset (liability) after deduction of derivative liability (asset) into (out of) level 3 of the fair value hierarchy. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19279-110258 + Details
Name: | us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Fair value of financial instrument classified as derivative asset (liability) after deduction of derivative liability (asset), measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19279-110258 + Details
Name: | us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_CorporateBondSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_InvestmentTypeAxis=us-gaap_FixedMaturitiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_USGovernmentDebtSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_ForeignGovernmentDebtSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_ResidentialMortgageBackedSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_AssetBackedSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=lnc_HybridAndRedeemablePreferredSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=lnc_MortgageLoansOnRealEstateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_TradingAssetsExcludingDebtAndEquitySecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_EquitySecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_DerivativeFinancialInstrumentsAssetsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=lnc_GLBDirectEmbeddedDerivativesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_InvestmentTypeAxis=us-gaap_OtherAssetsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_InvestmentTypeAxis=us-gaap_OtherLiabilitiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=lnc_GLBCededEmbeddedDerivativesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=lnc_IndexedAnnuityCededEmbeddedDerivativesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=lnc_IndexedAnnuityContractsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_InvestmentTypeAxis=lnc_FutureContractBenefitsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |