XML 44 R30.htm IDEA: XBRL DOCUMENT
v3.22.0.1

SCHEDULE II - CONDENSED FINANCIAL INFORMATION OF REGISTRANT | 12 Months Ended
--- | ---
Dec. 31, 2021
Condensed Financial Information Of Registrant [Abstract] |
Condensed financial information of registrant | ‎ LINCOLN NATIONAL CORPORATIONSCHEDULE II – CONDENSED FINANCIAL INFORMATION OF REGISTRANTBALANCE SHEETS(Parent Company Only) (in millions, except share data) As of December 31, 2021 2020 ASSETS Investments in subsidiaries (1)$ 24,689 $ 27,677 Other investments 761 933 Cash and invested cash 203 114 Loans and accrued interest to subsidiaries (1) 3,194 2,960 Other assets 159 83 Total assets$ 29,006 $ 31,767 LIABILITIES AND STOCKHOLDERS’ EQUITY Liabilities Common stock dividends payable$ 80 $ 81 Derivative investments liability 425 552 Short-term debt 300 - Long-term debt 6,325 6,682 Loans from subsidiaries (1) 1,247 1,424 Other liabilities 357 329 Total liabilities 8,734 9,068 Contingencies and Commitments Stockholders’ Equity Preferred stock – 10,000,000 shares authorized - - Common stock – 800,000,000 shares authorized 4,735 5,082 Retained earnings 9,096 8,686 Accumulated other comprehensive income (loss) 6,441 8,931 Total stockholders’ equity 20,272 22,699 Total liabilities and stockholders’ equity$ 29,006 $ 31,767 (1)Eliminated in consolidation. ‎ LINCOLN NATIONAL CORPORATIONSCHEDULE II – CONDENSED FINANCIAL INFORMATION OF REGISTRANT (Continued)STATEMENTS OF COMPREHENSIVE INCOME (LOSS)(Parent Company Only) (in millions) For the Years Ended December 31, 2021 2020 2019 Revenues Dividends from subsidiaries (1)$ 2,060 $ 840 $ 830 Interest from subsidiaries (1) 114 127 158 Net investment income 1 4 11 Realized gain (loss) - - 2 Total revenues 2,175 971 1,001 Expenses Operating and administrative expenses 69 50 51 Interest – subsidiaries (1) 10 20 48 Interest – other 263 275 311 Total expenses 342 345 410 Income (loss) before federal income taxes, equity in income (loss) of subsidiaries 1,833 626 591 Federal income tax expense (benefit) (49) (45) (52)Income (loss) before equity in income (loss) of subsidiaries 1,882 671 643 Equity in income (loss) of subsidiaries (477) (172) 243 Net income (loss) 1,405 499 886 Other comprehensive income (loss), net of tax: Unrealized investment gains (losses) (2,535) 3,192 5,288 Foreign currency translation adjustment (2) 5 6 Funded status of employee benefit plans 47 61 (28)Total other comprehensive income (loss), net of tax (2,490) 3,258 5,266 Comprehensive income (loss)$ (1,085)$ 3,757 $ 6,152 (1)Eliminated in consolidation. ‎ LINCOLN NATIONAL CORPORATIONSCHEDULE II – CONDENSED FINANCIAL INFORMATION OF REGISTRANT (Continued)STATEMENTS OF CASH FLOWS(Parent Company Only) (in millions) For the Years Ended December 31, 2021 2020 2019 Net Cash Provided by (Used in) Operating Activities$ 1,860 $ 726 $ 771 Cash Flows from Investing Activities Capital contribution to subsidiaries (1) (65) (518) (50)Net change in collateral on investments, derivatives and related settlements 168 (303) (279)Other (40) - - Net cash provided by (used in) investing activities 63 (821) (329) Cash Flows from Financing Activities Payment of long-term debt, including current maturities - (1,096) (308)Issuance of long-term debt, net of issuance costs - 1,289 744 Payment related to modification or early extinguishment of debt (8) (13) (42)Increase (decrease) in loans from subsidiaries, net (1) (188) 565 264 Increase (decrease) in loans to subsidiaries, net (1) (234) (514) (70)Common stock issued for benefit plans 20 (7) (20)Repurchase of common stock (1,105) (275) (550)Dividends paid to common stockholders (319) (311) (303)Other - (6) - Net cash provided by (used in) financing activities (1,834) (368) (285)Net increase (decrease) in cash, invested cash and restricted cash 89 (463) 157 Cash, invested cash and restricted cash as of beginning-of-year 114 577 420 Cash, invested cash and restricted cash as of end-of-year$ 203 $ 114 $ 577 (1) Eliminated in consolidation.

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

X
- 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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI http://asc.fasb.org/extlink&oid=120391182&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=123454820&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration