XML 94 R83.htm IDEA: XBRL DOCUMENT
v3.21.2

Fair Value of Financial Instruments (Fair Value of Assets and Liabilities on a Recurring Basis) (Details) - USD ($) $ in Millions | Sep. 30, 2021 | Dec. 31, 2020
--- | --- | ---
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Assets measured at fair value | $ 314,686 | $ 304,561
Liabilities measured at fair value | (7,765) | (7,091)
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Assets measured at fair value | 1,098 | 1,160
Significant Observable Inputs (Level 2) [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Assets measured at fair value | 303,397 | 291,333
Liabilities measured at fair value | (2,647) | (1,464)
Significant Unobservable Inputs (Level 3) [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Assets measured at fair value | 10,191 | 12,068
Liabilities measured at fair value | (5,118) | (5,627)
Corporate Bonds [Member] | Fixed Maturity AFS Securities [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Assets measured at fair value | 100,862 | 102,789
Corporate Bonds [Member] | Significant Observable Inputs (Level 2) [Member] | Fixed Maturity AFS Securities [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Assets measured at fair value | 95,490 | 97,668
Corporate Bonds [Member] | Significant Unobservable Inputs (Level 3) [Member] | Fixed Maturity AFS Securities [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Assets measured at fair value | 5,372 | 5,121
ABS [Member] | Fixed Maturity AFS Securities [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Assets measured at fair value | 8,303 | 7,184
ABS [Member] | Significant Observable Inputs (Level 2) [Member] | Fixed Maturity AFS Securities [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Assets measured at fair value | 7,569 | 6,614
ABS [Member] | Significant Unobservable Inputs (Level 3) [Member] | Fixed Maturity AFS Securities [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Assets measured at fair value | 734 | 570
U.S. Government Bonds [Member] | Fixed Maturity AFS Securities [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Assets measured at fair value | 443 | 484
U.S. Government Bonds [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Fixed Maturity AFS Securities [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Assets measured at fair value | 438 | 473
U.S. Government Bonds [Member] | Significant Observable Inputs (Level 2) [Member] | Fixed Maturity AFS Securities [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Assets measured at fair value | 5 | 6
U.S. Government Bonds [Member] | Significant Unobservable Inputs (Level 3) [Member] | Fixed Maturity AFS Securities [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Assets measured at fair value |  | 5
Foreign Government Bonds [Member] | Fixed Maturity AFS Securities [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Assets measured at fair value | 512 | 470
Foreign Government Bonds [Member] | Significant Observable Inputs (Level 2) [Member] | Fixed Maturity AFS Securities [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Assets measured at fair value | 406 | 396
Foreign Government Bonds [Member] | Significant Unobservable Inputs (Level 3) [Member] | Fixed Maturity AFS Securities [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Assets measured at fair value | 106 | 74
RMBS [Member] | Fixed Maturity AFS Securities [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Assets measured at fair value | 2,935 | 3,076
RMBS [Member] | Significant Observable Inputs (Level 2) [Member] | Fixed Maturity AFS Securities [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Assets measured at fair value | 2,934 | 3,074
RMBS [Member] | Significant Unobservable Inputs (Level 3) [Member] | Fixed Maturity AFS Securities [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Assets measured at fair value | 1 | 2
CMBS [Member] | Fixed Maturity AFS Securities [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Assets measured at fair value | 1,594 | 1,505
CMBS [Member] | Significant Observable Inputs (Level 2) [Member] | Fixed Maturity AFS Securities [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Assets measured at fair value | 1,593 | 1,505
CMBS [Member] | Significant Unobservable Inputs (Level 3) [Member] | Fixed Maturity AFS Securities [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Assets measured at fair value | 1 |
State And Municipal Bonds [Member] | Fixed Maturity AFS Securities [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Assets measured at fair value | 6,901 | 6,921
State And Municipal Bonds [Member] | Significant Observable Inputs (Level 2) [Member] | Fixed Maturity AFS Securities [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Assets measured at fair value | 6,901 | 6,921
Hybrid And Redeemable Preferred Securities [Member] | Fixed Maturity AFS Securities [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Assets measured at fair value | 535 | 615
Hybrid And Redeemable Preferred Securities [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Fixed Maturity AFS Securities [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Assets measured at fair value | 56 | 54
Hybrid And Redeemable Preferred Securities [Member] | Significant Observable Inputs (Level 2) [Member] | Fixed Maturity AFS Securities [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Assets measured at fair value | 398 | 457
Hybrid And Redeemable Preferred Securities [Member] | Significant Unobservable Inputs (Level 3) [Member] | Fixed Maturity AFS Securities [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Assets measured at fair value | 81 | 104
Mortgage Loans On Real Estate [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Assets measured at fair value | 792 | 832
Mortgage Loans On Real Estate [Member] | Significant Unobservable Inputs (Level 3) [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Assets measured at fair value | 792 | 832
Trading Securities [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Assets measured at fair value | 4,191 | 4,501
Trading Securities [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Assets measured at fair value | 32 | 5
Trading Securities [Member] | Significant Observable Inputs (Level 2) [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Assets measured at fair value | 3,559 | 3,852
Trading Securities [Member] | Significant Unobservable Inputs (Level 3) [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Assets measured at fair value | 600 | 644
Equity Securities [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Assets measured at fair value | 243 | 129
Equity Securities [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Assets measured at fair value | 11 | 22
Equity Securities [Member] | Significant Observable Inputs (Level 2) [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Assets measured at fair value | 145 | 48
Equity Securities [Member] | Significant Unobservable Inputs (Level 3) [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Assets measured at fair value | 87 | 59
Derivative Investments [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Assets measured at fair value | 6,746 | 5,308
Derivative Investments [Member] | Significant Observable Inputs (Level 2) [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Assets measured at fair value | 6,577 | 1,733
Derivative Investments [Member] | Significant Unobservable Inputs (Level 3) [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Assets measured at fair value | 169 | 3,575
Other Investments [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Assets measured at fair value | 108 |
Other Investments [Member] | Significant Observable Inputs (Level 2) [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Assets measured at fair value | 108 |
Invested Cash [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Assets measured at fair value | 2,614 | 1,708
Invested Cash [Member] | Significant Observable Inputs (Level 2) [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Assets measured at fair value | 2,614 | 1,708
Reinsurance Related Embedded Derivatives [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Liabilities measured at fair value | (304) | (392)
Reinsurance Related Embedded Derivatives [Member] | Significant Observable Inputs (Level 2) [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Liabilities measured at fair value | (304) | (392)
GLB Direct Embedded Derivatives [Member] | Other Assets [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Assets measured at fair value | 1,698 | 450
GLB Direct Embedded Derivatives [Member] | Significant Unobservable Inputs (Level 3) [Member] | Other Assets [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Assets measured at fair value | 1,698 | 450
GLB Ceded Embedded Derivatives [Member] | Other Assets [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Assets measured at fair value | 55 | 82
GLB Ceded Embedded Derivatives [Member] | Other Liabilities [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Liabilities measured at fair value | (146) |
GLB Ceded Embedded Derivatives [Member] | Significant Unobservable Inputs (Level 3) [Member] | Other Assets [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Assets measured at fair value | 55 | 82
GLB Ceded Embedded Derivatives [Member] | Significant Unobservable Inputs (Level 3) [Member] | Other Liabilities [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Liabilities measured at fair value | (146) |
Indexed Annuity And IUL Contracts [Member] | Other Assets [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Assets measured at fair value | 495 | 550
Indexed Annuity And IUL Contracts [Member] | Future Contract Benefits [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Liabilities measured at fair value | (4,804) | (3,594)
Indexed Annuity And IUL Contracts [Member] | Significant Unobservable Inputs (Level 3) [Member] | Other Assets [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Assets measured at fair value | 495 | 550
Indexed Annuity And IUL Contracts [Member] | Significant Unobservable Inputs (Level 3) [Member] | Future Contract Benefits [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Liabilities measured at fair value | (4,804) | (3,594)
Separate Account Assets [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Assets measured at fair value | 175,659 | 167,957
Separate Account Assets [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Assets measured at fair value | 561 | 606
Separate Account Assets [Member] | Significant Observable Inputs (Level 2) [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Assets measured at fair value | 175,098 | 167,351
Derivative Liabilities [Member] | Other Liabilities [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Liabilities measured at fair value | (2,511) | (3,105)
Derivative Liabilities [Member] | Significant Observable Inputs (Level 2) [Member] | Other Liabilities [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Liabilities measured at fair value | (2,343) | (1,072)
Derivative Liabilities [Member] | Significant Unobservable Inputs (Level 3) [Member] | Other Liabilities [Member] |  |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] |  |
Liabilities measured at fair value | $ (168) | $ (2,033)

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

X
- Definition Fair value portion of probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. + 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 + Details
Name: | us-gaap_AssetsFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair value of financial and nonfinancial obligations. + 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 + Details
Name: | us-gaap_LiabilitiesFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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_AssetBackedSecuritiesMember
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_USStatesAndPoliticalSubdivisionsMember
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=us-gaap_OtherInvestmentsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=lnc_ReinsuranceRelatedEmbeddedDerivativesMember
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_FinancialInstrumentAxis=lnc_GLBCededEmbeddedDerivativesMember
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_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: |

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

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