XML 50 R33.htm IDEA: XBRL DOCUMENT
v3.25.1

DAC, VOBA, DSI and DFEL (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
Deferred Policy Acquisition Costs and Present Value of Future Insurance Profits, Net [Abstract] |
Reconciliation of DAC, VOBA and DSI | The following table reconciles deferred acquisition costs (“DAC”), value of business acquired (“VOBA”) and deferred sales inducements (“DSI”) (in millions) to the Consolidated Balance Sheets:
| As of March 31, |  | As of December 31,
| 2025 |  | 2024
DAC, VOBA and DSI |  |  |
Variable Annuities | $ | 4,001 |  |  | $ | 3,964 |
Fixed Annuities | 416 |  |  | 423 |
Traditional Life | 1,352 |  |  | 1,370 |
UL and Other | 6,323 |  |  | 6,318 |
Group Protection | 181 |  |  | 178 |
Retirement Plan Services | 288 |  |  | 284 |
Other Operations | 2 |  |  | – |
Total DAC, VOBA and DSI | $ | 12,563 |  |  | $ | 12,537 |
Reconciliation of DFEL | The following table reconciles deferred front-end loads (“DFEL”) (in millions) to the Consolidated Balance Sheets:
| As of March 31, |  | As of December 31,
| 2025 |  | 2024
DFEL |  |  |
Variable Annuities | $ | 270 |  |  | $ | 273 |
UL and Other | 6,587 |  |  | 6,406 |
Other Operations (1) | 53 |  |  | 51 |
Total DFEL | $ | 6,910 |  |  | $ | 6,730 |
(1) Represents DFEL reported in Other Operations attributable to the indemnity reinsurance agreement with Protective that is excluded from the following tables. We reported $53 million and $51 million of ceded DFEL in reinsurance recoverables on the Consolidated Balance Sheets as of March 31, 2025, and December 31, 2024, respectively.
DAC | The following tables summarize the changes in DAC (in millions):
| For the Three Months Ended March 31, 2025
| Variable Annuities |  | Fixed Annuities |  | Traditional Life |  | UL and Other |  | Group Protection |  | Retirement Plan Services
Balance as of beginning-of-year | $ | 3,851 |  |  | $ | 394 |  |  | $ | 1,335 |  |  | $ | 5,916 |  |  | $ | 178 |  |  | $ | 242 |
Deferrals | 136 |  |  | 10 |  |  | 21 |  |  | 94 |  |  | 32 |  |  | 5 |
Amortization | (97) |  |  | (16) |  |  | (37) |  |  | (79) |  |  | (29) |  |  | (5) |
Balance as of end-of-period | $ | 3,890 |  |  | $ | 388 |  |  | $ | 1,319 |  |  | $ | 5,931 |  |  | $ | 181 |  |  | $ | 242 |
| For the Three Months Ended March 31, 2024
| Variable Annuities |  | Fixed Annuities |  | Traditional Life |  | UL and Other |  | Group Protection |  | Retirement Plan Services
Balance as of beginning-of-year | $ | 3,751 |  |  | $ | 421 |  |  | $ | 1,376 |  |  | $ | 5,791 |  |  | $ | 154 |  |  | $ | 239 |
Deferrals | 89 |  |  | 9 |  |  | 32 |  |  | 100 |  |  | 29 |  |  | 5 |
Amortization | (89) |  |  | (16) |  |  | (37) |  |  | (76) |  |  | (26) |  |  | (5) |
Balance as of end-of-period | $ | 3,751 |  |  | $ | 414 |  |  | $ | 1,371 |  |  | $ | 5,815 |  |  | $ | 157 |  |  | $ | 239 |
VOBA | The following tables summarize the changes in VOBA (in millions):
| For the Three Months Ended March 31, 2025
| Fixed Annuities |  | Traditional Life |  | UL and Other
Balance as of beginning-of-year | $ | 13 |  |  | $ | 35 |  |  | $ | 375 |
Amortization | (1) |  |  | (2) |  |  | (9) |
Balance as of end-of-period | $ | 12 |  |  | $ | 33 |  |  | $ | 366 |
| For the Three Months Ended March 31, 2024
| Fixed Annuities |  | Traditional Life |  | UL and Other
Balance as of beginning-of-year | $ | 15 |  |  | $ | 42 |  |  | $ | 413 |
Amortization | (1) |  |  | (2) |  |  | (10) |
Balance as of end-of-period | $ | 14 |  |  | $ | 40 |  |  | $ | 403 |
DSI | The following tables summarize the changes in DSI (in millions):
| For the Three Months Ended March 31, 2025
| Variable Annuities |  | Fixed Annuities |  | UL and Other |  | Retirement Plan Services
Balance as of beginning-of-year | $ | 113 |  |  | $ | 16 |  |  | $ | 27 |  |  | $ | 42 |
Deferrals | – |  |  | – |  |  | – |  |  | 4 |
Amortization | (2) |  |  | – |  |  | (1) |  |  | – |
Balance as of end-of-period | $ | 111 |  |  | $ | 16 |  |  | $ | 26 |  |  | $ | 46 |
| For the Three Months Ended March 31, 2024
| Variable Annuities |  | Fixed Annuities |  | UL and Other |  | Retirement Plan Services
Balance as of beginning-of-year | $ | 122 |  |  | $ | 19 |  |  | $ | 28 |  |  | $ | 26 |
Deferrals | 1 |  |  | – |  |  | – |  |  | 8 |
Amortization | (3) |  |  | – |  |  | – |  |  | – |
Balance as of end-of-period | $ | 120 |  |  | $ | 19 |  |  | $ | 28 |  |  | $ | 34 |
DFEL | The following tables summarize the changes in DFEL (in millions):
| For the Three Months Ended March 31, 2025 |  | For the Three Months Ended March 31, 2024
| Variable Annuities |  | UL and Other |  | Variable Annuities |  | UL and Other
Balance as of beginning-of-year | $ | 273 |  |  | $ | 6,406 |  |  | $ | 278 |  |  | $ | 5,579 |
Deferrals | 3 |  |  | 279 |  |  | 5 |  |  | 267 |
Amortization | (6) |  |  | (98) |  |  | (6) |  |  | (68) |
Balance as of end-of-period | 270 |  |  | 6,587 |  |  | 277 |  |  | 5,778 |
Less: Ceded DFEL | – |  |  | 237 |  |  | – |  |  | 258 |
Balance as of end-of-period, net of reinsurance | $ | 270 |  |  | $ | 6,350 |  |  | $ | 277 |  |  | $ | 5,520 |

X
- Definition This element may be used as a single block of text to encapsulate the entire disclosure, including data and tables, pertaining to the nature and amount of deferred front end loads associated with insurance contracts. + References No definition available. + Details
Name: | lnc_DeferredFrontEndLoadsTableTextBlock
Namespace Prefix: | lnc_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition This element may be used as a single block of text to encapsulate the entire disclosure, including data and tables, pertaining to the nature and amount of deferred sales inducements associated with insurance contracts. + References No definition available. + Details
Name: | lnc_DeferredSalesInducementsDisclosureTableTextBlock
Namespace Prefix: | lnc_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Reconciliation of DAC, VOBA and DSI [Table Text Block]. + References No definition available. + Details
Name: | lnc_ReconciliationOfDACVOBAAndDSITableTextBlock
Namespace Prefix: | lnc_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Reconciliation of Deferred Front End Loads Disclosure [Table TextBlock]. + References No definition available. + Details
Name: | lnc_ReconciliationOfDeferredFrontEndLoadsTableTextBlock
Namespace Prefix: | lnc_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of the movement in deferred policy acquisition costs. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (g)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480016/944-40-65-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2B -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479432/944-30-50-2B Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479432/944-30-50-2B Reference 4: http://www.xbrl.org/2003/role/exampleRef -Topic 944 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479401/944-30-55-2 + Details
Name: | us-gaap_DeferredPolicyAcquisitionCostsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of present value of future profits of insurance contract acquired in business combination. + References No definition available. + Details
Name: | us-gaap_PresentValueOfFutureInsuranceProfitsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration