XML 54 R46.htm IDEA: XBRL DOCUMENT
v3.23.1

Policyholder Account Balances (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Policyholder Account Balance [Abstract] |
Schedule of Policyholder Account Balances |
| As of December 31, |
| 2022 |  | 2021 |
UL and Other | $ | 37,694 |  | $ | 38,200 |
Variable Annuities |  | 22,184 |  |  | 19,148 |
Fixed Annuities |  | 23,365 |  |  | 22,552 |
Retirement Plan Services |  | 25,138 |  |  | 23,579 |
Other (1) |  | 6,054 |  |  | 6,748 |
Total policyholder account balances | $ | 114,435 |  | $ | 110,227 |
(1)Represents policyholder account balances reported primarily in Other Operations attributable to the indemnity reinsurance agreements with Protective ($5.7 billion and $6.3 billion as of December 31, 2022 and December 31, 2021, respectively) that are excluded from the following tables.
Summary of Balances and Changes in Policyholder Account Balances |
| As of or For the Year Ended December 31, 2022 |
|  |  |  |  |  |  | Retirement |
| UL and |  | Variable |  | Fixed |  | Plan |
| Other |  | Annuities |  | Annuities |  | Services |
Balance as of beginning-of-year | $ | 38,200 |  | $ | 19,148 |  | $ | 22,552 |  | $ | 23,579 |
Gross deposits |  | 3,921 |  |  | 5,178 |  |  | 3,284 |  |  | 4,012 |
Withdrawals |  | (1,244 | ) |  | (417 | ) |  | (2,514 | ) |  | (3,579 | )
Policyholder assessments |  | (4,496 | ) |  | (2 | ) |  | (51 | ) |  | (13 | )
Net transfers from (to) separate account |  | 2 |  |  | (492 | ) |  | - |  |  | 510 |
Interest credited |  | 1,494 |  |  | 287 |  |  | 532 |  |  | 629 |
Change in fair value of embedded derivative |  |  |  |  |  |  |  |  |  |  |  |
instruments |  | (183 | ) |  | (1,518 | ) |  | (438 | ) |  | - |
Balance as of end-of-year | $ | 37,694 |  | $ | 22,184 |  | $ | 23,365 |  | $ | 25,138 |
Weighted-average crediting rate |  | 3.9% |  |  | 1.4% |  |  | 2.4% |  |  | 2.6% |
Net amount at risk (1)(2) | $ | 304,348 |  | $ | 7,974 |  | $ | 171 |  | $ | 15 |
Cash surrender value |  | 34,210 |  |  | 21,147 |  |  | 22,529 |  |  | 25,133 |
‎
| As of or For the Year Ended December 31, 2021 |
|  |  |  |  |  |  | Retirement |
| UL and |  | Variable |  | Fixed |  | Plan |
| Other |  | Annuities |  | Annuities |  | Services |
Balance as of beginning-of-year | $ | 38,185 |  | $ | 12,145 |  | $ | 23,168 |  | $ | 22,916 |
Gross deposits |  | 3,942 |  |  | 5,496 |  |  | 1,023 |  |  | 3,121 |
Withdrawals |  | (1,210 | ) |  | (310 | ) |  | (2,381 | ) |  | (3,474 | )
Policyholder assessments |  | (4,457 | ) |  | (2 | ) |  | (84 | ) |  | (14 | )
Net transfers from (to) separate account |  | 117 |  |  | (587 | ) |  | - |  |  | 414 |
Interest credited |  | 1,501 |  |  | 209 |  |  | 508 |  |  | 616 |
Change in fair value of embedded derivative |  |  |  |  |  |  |  |  |  |  |  |
instruments |  | 122 |  |  | 2,197 |  |  | 318 |  |  | - |
Balance as of end-of-year | $ | 38,200 |  | $ | 19,148 |  | $ | 22,552 |  | $ | 23,579 |
Weighted-average crediting rate |  | 3.9% |  |  | 1.3% |  |  | 2.2% |  |  | 2.7% |
Net amount at risk (1)(2) | $ | 299,591 |  | $ | 906 |  | $ | 122 |  | $ | 3 |
Cash surrender value |  | 34,393 |  |  | 18,300 |  |  | 21,744 |  |  | 23,573 |
(1)NAR is the current guaranteed minimum benefit in excess of the current account balance as of the balance sheet date. For GLBs, the guaranteed minimum benefit is calculated based on the present value of GLB payments. Our variable annuity products may offer more than one type of guaranteed benefit rider to a policyholder. In instances where more than one guaranteed benefit rider exists in a contract, the guaranteed benefit rider that provides the highest NAR is used in the calculation. (2)Calculation is based on total account balances and includes both policyholder account balances and separate account balances.
Summary of Policyholder Account Balances by Range |
| As of December 31, 2022
|  |  |  |  |  |  |  |  | Greater |  |  |
|  |  | 1-50 Basis |  | 51-100 |  | 101-150 |  | Than 150 |  |  |
| At |  | Basis |  | Basis |  | Basis |  | Basis |  |  |
Range of Guaranteed | Guaranteed |  | Points |  | Points |  | Points |  | Points |  |  |
Minimum Crediting Rate | Minimum |  | Above |  | Above |  | Above |  | Above |  | Total |
UL and Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Up to 1.00% | $ | 318 |  | $ | - |  | $ | 194 |  | $ | 29 |  | $ | 292 |  | $ | 833 |
1.01% - 2.00% |  | 558 |  |  | - |  |  | - |  |  | - |  |  | 3,282 |  |  | 3,840 |
2.01% - 3.00% |  | 7,218 |  |  | 156 |  |  | - |  |  | - |  |  | - |  |  | 7,374 |
3.01% - 4.00% |  | 16,282 |  |  | - |  |  | 1 |  |  | - |  |  | - |  |  | 16,283 |
4.01% and above |  | 3,824 |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 3,824 |
Other (1) |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 5,540 |
Total | $ | 28,200 |  | $ | 156 |  | $ | 195 |  | $ | 29 |  | $ | 3,574 |  | $ | 37,694 |
Variable Annuities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Up to 1.00% | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | - |
1.01% - 2.00% |  | 4 |  |  | - |  |  | - |  |  | 8 |  |  | - |  |  | 12 |
2.01% - 3.00% |  | 658 |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 658 |
3.01% - 4.00% |  | 1,545 |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 1,545 |
4.01% and above |  | 11 |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 11 |
Other (1) |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 19,958 |
Total | $ | 2,218 |  | $ | - |  | $ | - |  | $ | 8 |  | $ | - |  | $ | 22,184 |
Fixed Annuities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Up to 1.00% | $ | 891 |  | $ | 497 |  | $ | 589 |  | $ | 563 |  | $ | 1,329 |  | $ | 3,869 |
1.01% - 2.00% |  | 544 |  |  | 144 |  |  | 179 |  |  | 492 |  |  | 1,057 |  |  | 2,416 |
2.01% - 3.00% |  | 1,973 |  |  | 5 |  |  | 1 |  |  | - |  |  | - |  |  | 1,979 |
3.01% - 4.00% |  | 1,353 |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 1,353 |
4.01% and above |  | 193 |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 193 |
Other (1) |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 13,555 |
Total | $ | 4,954 |  | $ | 646 |  | $ | 769 |  | $ | 1,055 |  | $ | 2,386 |  | $ | 23,365 |
Retirement Plan Services |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Up to 1.00% | $ | 961 |  | $ | 1,001 |  | $ | 4,304 |  | $ | 1,703 |  | $ | 1,908 |  | $ | 9,877 |
1.01% - 2.00% |  | 1,774 |  |  | 2,197 |  |  | 982 |  |  | 462 |  |  | - |  |  | 5,415 |
2.01% - 3.00% |  | 2,711 |  |  | 1 |  |  | - |  |  | - |  |  | - |  |  | 2,712 |
3.01% - 4.00% |  | 5,622 |  |  | 1 |  |  | - |  |  | - |  |  | - |  |  | 5,623 |
4.01% and above |  | 1,511 |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 1,511 |
Total | $ | 12,579 |  | $ | 3,200 |  | $ | 5,286 |  | $ | 2,165 |  | $ | 1,908 |  | $ | 25,138 |
| As of December 31, 2021
|  |  |  |  |  |  |  |  | Greater |  |  |
|  |  | 1-50 Basis |  | 51-100 |  | 101-150 |  | Than 150 |  |  |
| At |  | Basis |  | Basis |  | Basis |  | Basis |  |  |
Range of Guaranteed | Guaranteed |  | Points |  | Points |  | Points |  | Points |  |  |
Minimum Crediting Rate | Minimum |  | Above |  | Above |  | Above |  | Above |  | Total |
UL and Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Up to 1.00% | $ | 331 |  | $ | - |  | $ | 569 |  | $ | 30 |  | $ | 227 |  | $ | 1,157 |
1.01% - 2.00% |  | 531 |  |  | - |  |  | - |  |  | - |  |  | 3,362 |  |  | 3,893 |
2.01% - 3.00% |  | 7,280 |  |  | 157 |  |  | - |  |  | - |  |  | - |  |  | 7,437 |
3.01% - 4.00% |  | 16,662 |  |  | - |  |  | 1 |  |  | - |  |  | - |  |  | 16,663 |
4.01% and above |  | 3,832 |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 3,832 |
Other (1) |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 5,218 |
Total | $ | 28,636 |  | $ | 157 |  | $ | 570 |  | $ | 30 |  | $ | 3,589 |  | $ | 38,200 |
Variable Annuities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Up to 1.00% | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | - |
1.01% - 2.00% |  | 5 |  |  | - |  |  | - |  |  | 9 |  |  | - |  |  | 14 |
2.01% - 3.00% |  | 687 |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 687 |
3.01% - 4.00% |  | 1,576 |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 1,576 |
4.01% and above |  | 12 |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 12 |
Other (1) |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 16,859 |
Total | $ | 2,280 |  | $ | - |  | $ | - |  | $ | 9 |  | $ | - |  | $ | 19,148 |
Fixed Annuities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Up to 1.00% | $ | 656 |  | $ | 710 |  | $ | 869 |  | $ | 921 |  | $ | 568 |  | $ | 3,724 |
1.01% - 2.00% |  | 594 |  |  | 32 |  |  | 156 |  |  | 469 |  |  | 1,026 |  |  | 2,277 |
2.01% - 3.00% |  | 2,214 |  |  | 17 |  |  | 12 |  |  | 6 |  |  | - |  |  | 2,249 |
3.01% - 4.00% |  | 1,220 |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 1,220 |
4.01% and above |  | 200 |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 200 |
Other (1) |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 12,882 |
Total | $ | 4,884 |  | $ | 759 |  | $ | 1,037 |  | $ | 1,396 |  | $ | 1,594 |  | $ | 22,552 |
Retirement Plan Services |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Up to 1.00% | $ | 1,054 |  | $ | 2,613 |  | $ | 1,683 |  | $ | 813 |  | $ | 1,929 |  | $ | 8,092 |
1.01% - 2.00% |  | 2,736 |  |  | 1,031 |  |  | 795 |  |  | 465 |  |  | - |  |  | 5,027 |
2.01% - 3.00% |  | 2,891 |  |  | 1 |  |  | - |  |  | - |  |  | - |  |  | 2,892 |
3.01% - 4.00% |  | 5,927 |  |  | 1 |  |  | - |  |  | - |  |  | - |  |  | 5,928 |
4.01% and above |  | 1,640 |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 1,640 |
Total | $ | 14,248 |  | $ | 3,646 |  | $ | 2,478 |  | $ | 1,278 |  | $ | 1,929 |  | $ | 23,579 |
(1)Consists of indexed account balances that include the fair value of embedded derivative instruments, payout annuity account balances, short-term dollar cost averaging annuities business and policy loans.

X
- Definition Schedule of Policyholder Account Balances [Table TextBlock]. + References No definition available. + Details
Name: | lnc_ScheduleOfPolicyholderAccountBalancesTableTextblock
Namespace Prefix: | lnc_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of policyholder account balance by range of guaranteed minimum crediting rate and related range of difference between rate being credited to policyholder and respective guaranteed minimum. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 40 -Section 55 -Paragraph 29F -URI https://asc.fasb.org/extlink&oid=126561865&loc=SL117819544-158441 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 40 -Section 50 -Paragraph 7A -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=124506351&loc=SL117782755-158439 + Details
Name: | us-gaap_PolicyholderAccountBalanceGuaranteedMinimumCreditingRateTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information about policyholder account balance, including, but not limited to change in liability and related cash surrender value. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 40 -Section 55 -Paragraph 29F -URI https://asc.fasb.org/extlink&oid=126561865&loc=SL117819544-158441 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 40 -Section 50 -Paragraph 7A -URI https://asc.fasb.org/extlink&oid=124506351&loc=SL117782755-158439 + Details
Name: | us-gaap_PolicyholderAccountBalanceTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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