LINCOLN NATIONAL CORP
For the period ended Dec 31, 2024. Filed Feb 21, 2025.
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FY2024 · Filed Feb 21, 2025
LNC$42.77-0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Comprehensive Income (Loss)
(in millions, except per share data)
| For the Years Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenues | |||
| Insurance premiums | $6,425 | $3,672 | $6,087 |
| Fee income | 5,402 | 5,467 | 5,603 |
| Net investment income | 5,525 | 5,879 | 5,515 |
| Realized gain (loss) | 269 | (4,311) | 840 |
| Other revenues | 821 | 938 | 765 |
| Total revenues | 18,442 | 11,645 | 18,810 |
| Expenses | |||
| Benefits | 7,918 | 6,138 | 8,479 |
| Interest credited | 3,443 | 3,248 | 2,877 |
| Market risk benefit (gain) loss | (2,677) | (2,264) | (3,246) |
| Policyholder liability remeasurement (gain) loss | (190) | (152) | 2,766 |
| Commissions and other expenses | 5,590 | 5,492 | 5,292 |
| Interest and debt expense | 336 | 331 | 283 |
| Impairment of intangibles | – | – | 634 |
| Total expenses | 14,420 | 12,793 | 17,085 |
| Income (loss) before taxes | 4,022 | (1,148) | 1,725 |
| Federal income tax expense (benefit) | 747 | (396) | 367 |
| Net income (loss) | 3,275 | (752) | 1,358 |
| Other comprehensive income (loss), net of tax: | |||
| Unrealized investment gain (loss) | (788) | 3,715 | (18,059) |
| Market risk benefit non-performance risk gain (loss) | (924) | (671) | (210) |
| Policyholder liability discount rate remeasurement gain (loss) | 157 | (160) | 2,012 |
| Foreign currency translation adjustment | (3) | 8 | (20) |
| Funded status of employee benefit plans | (2) | (16) | (59) |
| Total other comprehensive income (loss), net of tax | (1,560) | 2,876 | (16,336) |
| Comprehensive income (loss) | $1,715 | $2,124 | $(14,978) |
| Net Income (Loss) Available to Common Stockholders | |||
| Net income (loss) | $3,275 | (752) | 1,358 |
| Preferred stock dividends declared | (91) | (82) | – |
| Net income (loss) available to common stockholders | $3,184 | $(834) | $1,358 |
| Net Income (Loss) Per Common Share | |||
| Basic | $18.66 | $(4.92) | $7.93 |
| Diluted | 18.41 | (4.92) | 7.78 |
| Cash Dividends Declared Per Common Share | $1.80 | $1.80 | $1.80 |
See accompanying Notes to Consolidated Financial Statements
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