Lincoln National posted net income of USD 1.33 billion for the quarter ended June 30, 2026, up 91% from USD 699 million a year earlier.
Annuities operating income was flat at USD 287 million, while Life Insurance rose 78% to USD 57 million and Group Protection fell 15% to USD 147 million.
Retirement Plan Services operating income climbed 32% to USD 49 million; Other Operations operating loss narrowed to USD 90 million from USD 91 million.
Net annuity product features rose to USD 1.5 billion from USD 405 million, while investment losses widened to USD 197 million from USD 81 million.
Reinsurance transaction
Lincoln National entered a reinsurance transaction with Talcott Financial Group on July 30, 2026, aimed at shifting the liability mix and growing sustainable free cash flow.
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