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LINCOLN NATIONAL CORP

For the period ended Dec 31, 2024. Filed Feb 21, 2025.

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About this filing

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.

FY2024 · Filed Feb 21, 2025

LNC$42.98+7.3%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits
Contents

Financial Statements and Supplementary Data

Page
Report of Independent Registered Public Accounting Firm (PCAOB ID: 42)107
Consolidated Balance Sheets111
Consolidated Statements of Comprehensive Income (Loss)112
Consolidated Statements of Stockholders’ Equity113
Consolidated Statements of Cash Flows114
Notes to Consolidated Financial Statements:115
Note 1 – Nature of Operations, Basis of Presentation and Summary of Significant Accounting Policies115
Note 2 – New Accounting Standards131
Note 3 – Investments132
Note 4 – Variable Interest Entities142
Note 5 – Derivative Instruments143
Note 6 – DAC, VOBA, DSI and DFEL153
Note 7 – Reinsurance156
Note 8 – Goodwill and Specifically Identifiable Intangible Assets159
Note 9 – MRBs160
Note 10 – Separate Accounts162
Note 11 – Policyholder Account Balances163
Note 12 – Future Contract Benefits167
Note 13 – Short-Term and Long-Term Debt173
Note 14 – Fair Value of Financial Instruments176
Note 15 – Retirement and Deferred Compensation Plans190
Note 16 – Stock-Based Incentive Compensation Plans191
Note 17 – Contingencies and Commitments194
Note 18 – Shares and Stockholders’ Equity200
Note 19 – Segment Information204
Note 20 – Realized Gain (Loss)211
Note 21 – Commissions and Other Expenses212
Note 22 – Federal Income Taxes212
Note 23 – Statutory Information and Restrictions214
Note 24 – Supplemental Disclosures of Cash Flow Data216
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.