LINCOLN NATIONAL CORP
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 22, 2024
LNC$40.05+2.3%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Financial Statements and Supplementary Data
Item 8. Financial Statements and Supplementary Data
Consolidated Financial Statements
| Page | |
|---|---|
| Report of Independent Registered Public Accounting Firm (PCAOB ID: 42) | 103 |
| Consolidated Balance Sheets | 107 |
| Consolidated Statements of Comprehensive Income (Loss) | 108 |
| Consolidated Statements of Stockholders’ Equity | 109 |
| Consolidated Statements of Cash Flows | 110 |
| Notes to Consolidated Financial Statements: | 111 |
| Note 1 – Nature of Operations, Basis of Presentation and Summary of Significant Accounting Policies | 111 |
| Note 2 – New Accounting Standards | 127 |
| Note 3 – Adoption of ASU 2018-12 | 128 |
| Note 4 – Investments | 136 |
| Note 5 – Variable Interest Entities | 146 |
| Note 6 – Derivative Instruments | 148 |
| Note 7 – DAC, VOBA, DSI and DFEL | 157 |
| Note 8 – Reinsurance | 160 |
| Note 9 – Goodwill and Specifically Identifiable Intangible Assets | 163 |
| Note 10 – MRBs | 164 |
| Note 11 – Separate Accounts | 166 |
| Note 12 – Policyholder Account Balances | 167 |
| Note 13 – Future Contract Benefits | 171 |
| Note 14 – Short-Term and Long-Term Debt | 177 |
| Note 15 – Fair Value of Financial Instruments | 180 |
| Note 16 – Retirement and Deferred Compensation Plans | 193 |
| Note 17 – Stock-Based Incentive Compensation Plans | 195 |
| Note 18 – Contingencies and Commitments | 198 |
| Note 19 – Shares and Stockholders’ Equity | 204 |
| Note 20 – Segment Information | 208 |
| Note 21 – Realized Gain (Loss) | 212 |
| Note 22 – Commissions and Other Expenses | 213 |
| Note 23 – Federal Income Taxes | 213 |
| Note 24 – Statutory Information and Restrictions | 215 |
| Note 25 – Supplemental Disclosures of Cash Flow Data | 217 |
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