XML 117 R106.htm IDEA: XBRL DOCUMENT
v3.23.2

Fair Value of Financial Instruments (Fair Value Measured On A Recurring Basis Reconciliation) (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022
Level 3 Unobservable Input Reconciliation |  |  |  |
Beginning Fair Value | $ (840) | $ 3,346 | $ 269 | $ 2,886
Items Included in Net Income | (1,615) | 2,089 | (2,390) | 2,476
Gains (Losses) in OCI and Other | (18) | (692) | 7 | (1,075)
Issuances, Sales, Maturities, Settlements, Calls, Net | (163) | 423 | (357) | 809
Transfers Into or Out of Level 3, Net | 25 | (117) | (140) | (47)
Ending Fair Value | (2,611) | 5,049 | (2,611) | 5,049
Corporate Bonds [Member] |  |  |  |
Level 3 Unobservable Input Reconciliation |  |  |  |
Beginning Fair Value | 2,355 | 5,860 | 2,295 | 5,720
Items Included in Net Income | 4 |  | 5 | 1
Gains (Losses) in OCI and Other | (12) | (657) | 1 | (1,010)
Issuances, Sales, Maturities, Settlements, Calls, Net | (5) | 293 | 25 | 651
Transfers Into or Out of Level 3, Net | 24 | (20) | 40 | 114
Ending Fair Value | 2,366 | 5,476 | 2,366 | 5,476
State And Municipal Bonds [Member] |  |  |  |
Level 3 Unobservable Input Reconciliation |  |  |  |
Beginning Fair Value | 36 |  | 35 |
Items Included in Net Income |  |  |  |
Gains (Losses) in OCI and Other | 1 |  | 2 |
Issuances, Sales, Maturities, Settlements, Calls, Net | (1) |  | (1) |
Transfers Into or Out of Level 3, Net |  |  |  |
Ending Fair Value | 36 |  | 36 |
Foreign Government Bonds [Member] |  |  |  |
Level 3 Unobservable Input Reconciliation |  |  |  |
Beginning Fair Value |  | 40 |  | 41
Gains (Losses) in OCI and Other |  | (3) |  | (4)
Ending Fair Value |  | 37 |  | 37
RMBS [Member] |  |  |  |
Level 3 Unobservable Input Reconciliation |  |  |  |
Beginning Fair Value | 1 | 13 | 1 | 4
Items Included in Net Income |  |  |  |
Gains (Losses) in OCI and Other |  |  |  |
Issuances, Sales, Maturities, Settlements, Calls, Net | 5 |  | 5 | 12
Transfers Into or Out of Level 3, Net |  | (12) |  | (15)
Ending Fair Value | 6 | 1 | 6 | 1
CMBS [Member] |  |  |  |
Level 3 Unobservable Input Reconciliation |  |  |  |
Beginning Fair Value |  | 17 |  |
Items Included in Net Income |  |  |  |
Gains (Losses) in OCI and Other |  |  |  |
Issuances, Sales, Maturities, Settlements, Calls, Net | (4) |  | (4) | 17
Transfers Into or Out of Level 3, Net | 4 | (17) | 4 | (17)
ABS [Member] |  |  |  |
Level 3 Unobservable Input Reconciliation |  |  |  |
Beginning Fair Value | 1,100 | 988 | 1,117 | 870
Items Included in Net Income |  |  |  |
Gains (Losses) in OCI and Other | (6) | (33) | 2 | (60)
Issuances, Sales, Maturities, Settlements, Calls, Net | 152 | 266 | 320 | 453
Transfers Into or Out of Level 3, Net | (38) | (68) | (231) | (110)
Ending Fair Value | 1,208 | 1,153 | 1,208 | 1,153
Hybrid And Redeemable Preferred Securities [Member] |  |  |  |
Level 3 Unobservable Input Reconciliation |  |  |  |
Beginning Fair Value | 59 | 98 | 49 | 93
Items Included in Net Income |  |  |  |
Gains (Losses) in OCI and Other | (3) | 6 | (3) | 11
Issuances, Sales, Maturities, Settlements, Calls, Net |  |  | (2) |
Transfers Into or Out of Level 3, Net | 4 |  | 16 |
Ending Fair Value | 60 | 104 | 60 | 104
Trading Securities [Member] |  |  |  |
Level 3 Unobservable Input Reconciliation |  |  |  |
Beginning Fair Value | 458 | 797 | 581 | 828
Items Included in Net Income | (2) | (29) | 2 | (58)
Gains (Losses) in OCI and Other |  |  |  |
Issuances, Sales, Maturities, Settlements, Calls, Net | (105) | (148) | (232) | (146)
Transfers Into or Out of Level 3, Net |  |  |  | (4)
Ending Fair Value | 351 | 620 | 351 | 620
Equity Securities [Member] |  |  |  |
Level 3 Unobservable Input Reconciliation |  |  |  |
Beginning Fair Value | 137 | 104 | 153 | 95
Items Included in Net Income | (13) | 15 | (29) | 32
Gains (Losses) in OCI and Other |  |  |  |
Issuances, Sales, Maturities, Settlements, Calls, Net | 1 | 26 | 1 | 18
Transfers Into or Out of Level 3, Net |  |  |  |
Ending Fair Value | 125 | 145 | 125 | 145
Mortgage Loans On Real Estate [Member] |  |  |  |
Level 3 Unobservable Input Reconciliation |  |  |  |
Beginning Fair Value | 490 | 537 | 487 | 739
Items Included in Net Income | (4) | (12) | (2) | (15)
Gains (Losses) in OCI and Other | 2 | (5) | 5 | (6)
Issuances, Sales, Maturities, Settlements, Calls, Net | (84) | 8 | (86) | (190)
Transfers Into or Out of Level 3, Net |  |  |  |
Ending Fair Value | 404 | 528 | 404 | 528
Derivative Investments [Member] |  |  |  |
Level 3 Unobservable Input Reconciliation |  |  |  |
Beginning Fair Value | 1 | 3 | 2 | 21
Items Included in Net Income | (1) |  | (2) | 3
Gains (Losses) in OCI and Other |  |  |  | (6)
Issuances, Sales, Maturities, Settlements, Calls, Net |  |  |  |
Transfers Into or Out of Level 3, Net | 31 |  | 31 | (15)
Ending Fair Value | 31 | 3 | 31 | 3
Ceded MRBs [Member] | Other Assets [Member] |  |  |  |
Level 3 Unobservable Input Reconciliation |  |  |  |
Beginning Fair Value | 6 | 21 | 12 | 95
Items Included in Net Income | (4) | 2 | (10) | (72)
Gains (Losses) in OCI and Other |  |  |  |
Issuances, Sales, Maturities, Settlements, Calls, Net |  |  |  |
Transfers Into or Out of Level 3, Net |  |  |  |
Ending Fair Value | 2 | 23 | 2 | 23
Ceded MRBs [Member] | Other Liabilities [Member] |  |  |  |
Level 3 Unobservable Input Reconciliation |  |  |  |
Beginning Fair Value | (252) | (51) | (205) | (17)
Items Included in Net Income | (41) | (64) | (88) | (98)
Gains (Losses) in OCI and Other |  |  |  |
Issuances, Sales, Maturities, Settlements, Calls, Net |  |  |  |
Transfers Into or Out of Level 3, Net |  |  |  |
Ending Fair Value | (293) | (115) | (293) | (115)
Indexed Annuity Ceded Embedded Derivatives [Member] | Other Assets [Member] |  |  |  |
Level 3 Unobservable Input Reconciliation |  |  |  |
Beginning Fair Value | 565 | 493 | 525 | 528
Items Included in Net Income | 4 | (113) | 11 | (166)
Gains (Losses) in OCI and Other |  |  |  |
Issuances, Sales, Maturities, Settlements, Calls, Net | 34 | 60 | 67 | 78
Transfers Into or Out of Level 3, Net |  |  |  |
Ending Fair Value | 603 | 440 | 603 | 440
Indexed Annuity And IUL Contracts [Member] | Other Assets [Member] |  |  |  |
Level 3 Unobservable Input Reconciliation |  |  |  |
Beginning Fair Value |  |  | (4,783) | (6,131)
Items Included in Net Income |  |  | (2,277) | 2,849
Issuances, Sales, Maturities, Settlements, Calls, Net |  |  | (450) | (84)
Ending Fair Value | (7,510) | (3,366) | (7,510) | (3,366)
Indexed Annuity And IUL Contracts [Member] | Future Contract Benefits [Member] |  |  |  |
Level 3 Unobservable Input Reconciliation |  |  |  |
Beginning Fair Value | (5,796) | (5,574) |  |
Items Included in Net Income | (1,558) | 2,290 |  |
Gains (Losses) in OCI and Other |  |  |  |
Issuances, Sales, Maturities, Settlements, Calls, Net | (156) | (82) |  |
Transfers Into or Out of Level 3, Net |  |  |  |
Ending Fair Value | $ (7,510) | $ (3,366) | $ (7,510) | $ (3,366)

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 -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + 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 -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + 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 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -SubTopic 10 -Topic 820 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-3 + 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 -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-3 + 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 -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -SubTopic 10 -Topic 820 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-3 + 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_FinancialInstrumentAxis=us-gaap_USStatesAndPoliticalSubdivisionsMember
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=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=lnc_MortgageLoansOnRealEstateMember
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_CededMrbsMember
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_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: |