XML 50 R36.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Separate Accounts (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
Separate Accounts Disclosure [Abstract] |
Schedule of Fair Value of Separate Account Assets | The following table presents the fair value of separate account assets (in millions) reported on the Consolidated Balance Sheets by major investment category:
| As of June 30, |  | As of December 31,
| 2024 |  | 2023
Mutual funds and collective investment trusts | $ | 164,537 |  |  | $ | 157,578 |
Exchange-traded funds | 345 |  |  | 350 |
Fixed maturity AFS securities | 162 |  |  | 167 |
Cash and invested cash | 4 |  |  | 25 |
Other investments | 151 |  |  | 137 |
Total separate account assets | $ | 165,199 |  |  | $ | 158,257 |
Schedule of Reconciliation of Separate Account Liabilities | The following table reconciles separate account liabilities (in millions) to the Consolidated Balance Sheets:
| As of June 30, |  | As of December 31,
| 2024 |  | 2023
Variable Annuities | $ | 116,770 |  |  | $ | 113,356 |
UL and Other | 27,381 |  |  | 25,150 |
Retirement Plan Services | 20,993 |  |  | 19,699 |
Other Operations (1) | 55 |  |  | 52 |
Total separate account liabilities | $ | 165,199 |  |  | $ | 158,257 |
(1) Represents separate account liabilities reported in Other Operations primarily attributable to the indemnity reinsurance agreements with Protective ($48 million and $46 million as of June 30, 2024, and December 31, 2023, respectively) that are excluded from the following tables.
Summary of Balances and changes in Separate Account Liabilities | The following table summarizes the balances of and changes in separate account liabilities (in millions):
| As of or For the Six Months Ended June 30, 2024 |  | As of or For the Six Months Ended June 30, 2023
| Variable Annuities |  | UL and Other |  | Retirement Plan Services |  | Variable Annuities |  | UL and Other |  | Retirement Plan Services
Balance as of beginning-of-year | $ | 113,356 |  |  | $ | 25,150 |  |  | $ | 19,699 |  |  | $ | 105,573 |  |  | $ | 20,920 |  |  | $ | 16,996 |
Gross deposits | 1,925 |  |  | 695 |  |  | 1,105 |  |  | 1,367 |  |  | 821 |  |  | 1,078 |
Withdrawals | (6,604) |  |  | (193) |  |  | (1,514) |  |  | (4,915) |  |  | (154) |  |  | (1,123) |
Policyholder assessments | (1,301) |  |  | (493) |  |  | (89) |  |  | (1,251) |  |  | (476) |  |  | (79) |
Change in market performance | 9,026 |  |  | 2,335 |  |  | 1,802 |  |  | 9,950 |  |  | 2,374 |  |  | 1,953 |
Net transfers from (to) general account | 368 |  |  | (113) |  |  | (10) |  |  | 274 |  |  | (76) |  |  | (36) |
Balance as of end-of-period | $ | 116,770 |  |  | $ | 27,381 |  |  | $ | 20,993 |  |  | $ | 110,998 |  |  | $ | 23,409 |  |  | $ | 18,789 |
Cash surrender value | $ | 115,389 |  |  | $ | 24,979 |  |  | $ | 20,979 |  |  | $ | 109,501 |  |  | $ | 21,080 |  |  | $ | 18,774 |

X
- Definition Schedule of Reconciliation of Separate Account Liabilities [Table Text Block]. + References No definition available. + Details
Name: | lnc_ScheduleOfReconciliationOfSeparateAccountLiabilitiesTableTextBlock
Namespace Prefix: | lnc_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of fair value of asset supporting separate account. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 944 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479808/944-20-55-15 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 944 -SubTopic 80 -Name Accounting Standards Codification -Section 55 -Paragraph 17 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480078/944-80-55-17 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 80 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480109/944-80-50-1 + Details
Name: | us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information about separate account liability, including, but not limited to change in liability and related cash surrender value. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 944 -SubTopic 80 -Name Accounting Standards Codification -Section 55 -Paragraph 18 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480078/944-80-55-18 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 80 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480109/944-80-50-2 + Details
Name: | us-gaap_SeparateAccountLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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