XML 114 R99.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Fair Value of Financial Instruments - Fair Value Measured on a Recurring Basis Reconciliation (Details) - USD ($) $ in Millions | 3 Months Ended
--- | ---
Mar. 31, 2024 | Mar. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |  |
Beginning Fair Value | $ (4,458) | $ 269
Items Included in Net Income | (1,548) | (776)
Gains (Losses) in OCI and Other | (8) | 25
Issuances, Sales, Maturities, Settlements, Calls, Net | 72 | (453)
Transfers Into or Out of Level 3, Net | (70) | (165)
Ending Fair Value | (6,012) | (1,100)
Corporate bonds | Fixed maturity AFS securities, at fair value |  |
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |  |
Beginning Fair Value | 2,497 | 2,295
Items Included in Net Income | 2 | 1
Gains (Losses) in OCI and Other | (10) | 13
Issuances, Sales, Maturities, Settlements, Calls, Net | 22 | 30
Transfers Into or Out of Level 3, Net | (22) | 16
Ending Fair Value | 2,489 | 2,355
State and municipal bonds | Fixed maturity AFS securities, at fair value |  |
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |  |
Beginning Fair Value | 5 | 35
Items Included in Net Income | 0 | 0
Gains (Losses) in OCI and Other | 0 | 1
Issuances, Sales, Maturities, Settlements, Calls, Net | 0 | 0
Transfers Into or Out of Level 3, Net | (5) | 0
Ending Fair Value | 0 | 36
RMBS | Fixed maturity AFS securities, at fair value |  |
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |  |
Beginning Fair Value | 13 | 1
Items Included in Net Income | 0 | 0
Gains (Losses) in OCI and Other | (1) | 0
Issuances, Sales, Maturities, Settlements, Calls, Net | 0 | 0
Transfers Into or Out of Level 3, Net | 0 | 0
Ending Fair Value | 12 | 1
CMBS | Fixed maturity AFS securities, at fair value |  |
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |  |
Beginning Fair Value | 8 |
Items Included in Net Income | 0 |
Gains (Losses) in OCI and Other | 0 |
Issuances, Sales, Maturities, Settlements, Calls, Net | 0 |
Transfers Into or Out of Level 3, Net | 0 |
Ending Fair Value | 8 |
ABS | Fixed maturity AFS securities, at fair value |  |
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |  |
Beginning Fair Value | 1,484 | 1,117
Items Included in Net Income | 0 | 0
Gains (Losses) in OCI and Other | (1) | 8
Issuances, Sales, Maturities, Settlements, Calls, Net | 201 | 168
Transfers Into or Out of Level 3, Net | 8 | (193)
Ending Fair Value | 1,692 | 1,100
Hybrid and redeemable preferred securities | Fixed maturity AFS securities, at fair value |  |
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |  |
Beginning Fair Value | 48 | 49
Items Included in Net Income | 0 | 0
Gains (Losses) in OCI and Other | 3 | 0
Issuances, Sales, Maturities, Settlements, Calls, Net | 0 | (2)
Transfers Into or Out of Level 3, Net | 0 | 12
Ending Fair Value | 51 | 59
Trading securities |  |
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |  |
Beginning Fair Value | 284 | 581
Items Included in Net Income | 0 | 4
Gains (Losses) in OCI and Other | 0 | 0
Issuances, Sales, Maturities, Settlements, Calls, Net | (13) | (127)
Transfers Into or Out of Level 3, Net | 0 | 0
Ending Fair Value | 271 | 458
Equity securities |  |
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |  |
Beginning Fair Value | 42 | 153
Items Included in Net Income | (3) | (16)
Gains (Losses) in OCI and Other | 0 | 0
Issuances, Sales, Maturities, Settlements, Calls, Net | 0 | 0
Transfers Into or Out of Level 3, Net | 0 | 0
Ending Fair Value | 39 | 137
Mortgage loans on real estate |  |
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |  |
Beginning Fair Value | 288 | 487
Items Included in Net Income | 0 | 2
Gains (Losses) in OCI and Other | 1 | 3
Issuances, Sales, Maturities, Settlements, Calls, Net | 0 | (2)
Transfers Into or Out of Level 3, Net | 0 | 0
Ending Fair Value | 289 | 490
Derivative investments |  |
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |  |
Beginning Fair Value | 36 | 2
Items Included in Net Income | 12 | (1)
Gains (Losses) in OCI and Other | 0 | 0
Issuances, Sales, Maturities, Settlements, Calls, Net | 4 | 0
Transfers Into or Out of Level 3, Net | (51) | 0
Ending Fair Value | 1 | 1
Ceded MRBs | Other Assets |  |
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |  |
Beginning Fair Value | 2 | 12
Items Included in Net Income | 0 | (6)
Gains (Losses) in OCI and Other | 0 | 0
Issuances, Sales, Maturities, Settlements, Calls, Net | 0 | 0
Transfers Into or Out of Level 3, Net | 0 | 0
Ending Fair Value | 2 | 6
Ceded MRBs | Other Liabilities |  |
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |  |
Beginning Fair Value | (239) | (205)
Items Included in Net Income | (121) | (47)
Gains (Losses) in OCI and Other | 0 | 0
Issuances, Sales, Maturities, Settlements, Calls, Net | 0 | 0
Transfers Into or Out of Level 3, Net | 0 | 0
Ending Fair Value | (360) | (252)
Indexed annuity ceded embedded derivatives | Other Assets |  |
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |  |
Beginning Fair Value | 940 | 525
Items Included in Net Income | 33 | 6
Gains (Losses) in OCI and Other | 0 | 0
Issuances, Sales, Maturities, Settlements, Calls, Net | 0 | (226)
Transfers Into or Out of Level 3, Net | 0 | 0
Ending Fair Value | 973 | 305
RILA, fixed indexed annuity and IUL contracts | Policyholder Account Balances |  |
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |  |
Beginning Fair Value | (9,077) | (4,783)
Items Included in Net Income | (1,677) | (719)
Gains (Losses) in OCI and Other | 0 | 0
Issuances, Sales, Maturities, Settlements, Calls, Net | (142) | (294)
Transfers Into or Out of Level 3, Net | 0 | 0
Ending Fair Value | (10,896) | $ (5,796)
Reinsurance-related embedded derivatives | Other Liabilities |  |
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |  |
Beginning Fair Value | (789) |
Items Included in Net Income | 206 |
Gains (Losses) in OCI and Other | 0 |
Issuances, Sales, Maturities, Settlements, Calls, Net | 0 |
Transfers Into or Out of Level 3, Net | 0 |
Ending Fair Value | $ (583) |

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_InvestmentTypeAxis=us-gaap_FixedMaturitiesMember
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_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_PolicyholderAccountBalancesMember
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: |