LINCOLN NATIONAL CORPORATION (LNC) FY2026 Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-04-01 to 2026-06-30

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LINCOLN NATIONAL CORPORATION cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Calculated remaining financing cash flows are purple; remaining operating and investing bundles are gray. Their underlying inflows and outflows are not separately identified. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Read chart description and values below for full signed amounts, including zero items.Deposits → financing reconciliation: $4,748,000,000.00Issuance of long-term debt, net of issuance costs → financing reconciliation: $494,000,000.00financing reconciliation → Net cash from financing activities: $800,000,000.00financing reconciliation → Withdrawals: $3,791,000,000.00financing reconciliation → Transfers from (to) separate accounts, net: $488,000,000.00financing reconciliation → Dividends paid to common stockholders: $86,000,000.00financing reconciliation → Payment related to certain financing arrangements: $60,000,000.00financing reconciliation → Dividends paid to preferred stockholders: $12,000,000.00financing reconciliation → Common stock issued for benefit plans: $4,000,000.00financing reconciliation → Payment related to sale-leaseback transactions: $1,000,000.00Net change in collateral on investments, certain derivatives and related settlements → investing reconciliation: $3,655,000,000.00Remaining investing cash flows, net (calculated) → investing reconciliation: $3,014,000,000.00Repayment and maturities of mortgage loans on real estate → investing reconciliation: $836,000,000.00Sales and repayments of other investments → investing reconciliation: $186,000,000.00Repayment (issuance) of policy loans, net → investing reconciliation: $10,000,000.00investing reconciliation → Net cash from investing activities: $2,578,000,000.00investing reconciliation → Purchases of available-for-sale securities and equity securities: $4,554,000,000.00investing reconciliation → Purchases of other investments: $501,000,000.00investing reconciliation → Other: $68,000,000.00Net cash used in operating activities → operating reconciliation: $558,000,000.00Net income (loss) → operating reconciliation: $1,332,000,000.00Realized (gain) loss → operating reconciliation: $406,000,000.00Federal income tax accruals → operating reconciliation: $295,000,000.00Deferred acquisition costs, value of business acquired, deferred ales inducements and deferred front-end loads → operating reconciliation: $223,000,000.00Sales and maturities (purchases) of trading securities, net → operating reconciliation: $25,000,000.00operating reconciliation → Market risk benefit (gain) loss: $1,460,000,000.00operating reconciliation → Insurance liabilities and reinsurance-related balances: $952,000,000.00operating reconciliation → Other: $337,000,000.00operating reconciliation → Accrued expenses: $76,000,000.00operating reconciliation → Accrued investment income: $14,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $7,345,000,000.00Net cash from financing activities → Cash sources and uses: $800,000,000.00Net cash from investing activities → Cash sources and uses: $2,578,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $10,165,000,000.00Cash sources and uses → Net cash used in operating activities: $558,000,000.00Net income (loss): $1,332,000,000.00Net income (loss)+$1.33 BRealized (gain) loss: $406,000,000.00Realized (gain) loss+$406.00 MMarket risk benefit (gain) loss: -$1,460,000,000.00Market risk benefits, net−$1.46 BSales and maturities (purchases) of trading securities, net: $25,000,000.00Trading sales & purchases, net+$25.00 MEarly extinguishment of debt (gain) loss: $0.00Deferred acquisition costs, value of business acquired, deferred ales inducements and deferred front-end loads: $223,000,000.00Deferred acquisition costs, net+$223.00 MAccrued investment income: -$14,000,000.00Accrued investment income−$14.00 MInsurance liabilities and reinsurance-related balances: -$952,000,000.00Insurance & reinsurance balances−$952.00 MAccrued expenses: -$76,000,000.00Accrued liabilities−$76.00 MFederal income tax accruals: $295,000,000.00Income tax balances+$295.00 MOther: -$337,000,000.00Other non-cash items−$337.00 MNet cash used in operating activities: -$558,000,000.00. Cash required to fund net payments.Operating cash−$558.00 Moperating reconciliation: $2,839,000,000.00Payment of long-term debt, including current maturities: $0.00Issuance of long-term debt, net of issuance costs: $494,000,000.00Long-term debt issued+$494.00 MPayment related to early extinguishment of debt: $0.00Payment related to sale-leaseback transactions: -$1,000,000.00Sale-leaseback payments−$1.00 MProceeds from certain financing arrangements: $0.00Payment related to certain financing arrangements: -$60,000,000.00Financing arrangements paid−$60.00 MDeposits: $4,748,000,000.00Deposits+$4.75 BWithdrawals: -$3,791,000,000.00Withdrawals−$3.79 BTransfers from (to) separate accounts, net: -$488,000,000.00Separate account transfers, net−$488.00 MIssuance of common stock: $0.00Common stock issued for benefit plans: -$4,000,000.00Benefit plan stock issued−$4.00 MDividends paid to preferred stockholders: -$12,000,000.00Preferred dividends paid−$12.00 MDividends paid to common stockholders: -$86,000,000.00Common dividends paid−$86.00 MNet cash from financing activities: $800,000,000.00Financing cash+$800.00 Mfinancing reconciliation: $5,242,000,000.00Purchases of available-for-sale securities and equity securities: -$4,554,000,000.00AFS & equity purchases−$4.55 BPurchases of other investments: -$501,000,000.00Other investment purchases−$501.00 MSales and repayments of other investments: $186,000,000.00Other investment proceeds+$186.00 MRepayment and maturities of mortgage loans on real estate: $836,000,000.00Mortgage loan maturities+$836.00 MRepayment (issuance) of policy loans, net: $10,000,000.00Policy loans, net+$10.00 MNet change in collateral on investments, certain derivatives and related settlements: $3,655,000,000.00Collateral on investments, net+$3.66 BOther: -$68,000,000.00Other investing, net−$68.00 MRemaining investing cash flows, net (calculated): $3,014,000,000.00Remaining investing (calculated)+$3.01 BNet cash from investing activities: $2,578,000,000.00Investing cash+$2.58 Binvesting reconciliation: $7,701,000,000.00Cash sources and uses: $10,723,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $7,345,000,000.00Beginning cash$7.35 BEnding cash: Cash, cash equivalents, and restricted cash: $10,165,000,000.00Ending cash$10.17 BCASH RECONCILIATIONFinancingflowsInvestingflowsOperatingflowsFree cash flowNot availableCash flow / Net income−0.42×Operating cash flow ÷ net incomeNet cash change+$2.82 BEnding cash − beginning cash
Chart details

LINCOLN NATIONAL CORPORATION cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026

Cash flows for Apr 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Mar 31, 2026. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Mar 31, 2026
7,345,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
negative 558,000,000 US dollars. Net cash used.
Net income (loss)
1,332,000,000 US dollars
Realized (gain) loss
406,000,000 US dollars
Market risk benefit (gain) loss
negative 1,460,000,000 US dollars
Sales and maturities (purchases) of trading securities, net
25,000,000 US dollars
Early extinguishment of debt (gain) loss
0 US dollars
Deferred acquisition costs, value of business acquired, deferred ales inducements and deferred front-end loads
223,000,000 US dollars
Accrued investment income
negative 14,000,000 US dollars
Insurance liabilities and reinsurance-related balances
negative 952,000,000 US dollars
Accrued expenses
negative 76,000,000 US dollars
Federal income tax accruals
295,000,000 US dollars
Other
negative 337,000,000 US dollars
Investing activities
2,578,000,000 US dollars. Net cash provided. The remaining amount is calculated by subtracting the other displayed items from the investing total. This quarter is the year to date less the prior quarter's year to date. The prior quarter reported part of this section under different lines (Issuance of mortgage loans on real estate, Sales of available-for-sale securities and equity securities and Maturities of available-for-sale securities), so Sales and maturities of available-for-sale securities and equity securities and Issuance of mortgage loans on real estate cannot be separated for this quarter. It may combine inflows and outflows.
Purchases of available-for-sale securities and equity securities
negative 4,554,000,000 US dollars
Purchases of other investments
negative 501,000,000 US dollars
Sales and repayments of other investments
186,000,000 US dollars
Repayment and maturities of mortgage loans on real estate
836,000,000 US dollars
Repayment (issuance) of policy loans, net
10,000,000 US dollars
Net change in collateral on investments, certain derivatives and related settlements
3,655,000,000 US dollars
Other
negative 68,000,000 US dollars
Remaining investing cash flows, net (calculated)
3,014,000,000 US dollars
Financing activities
800,000,000 US dollars. Net cash provided.
Payment of long-term debt, including current maturities
0 US dollars
Issuance of long-term debt, net of issuance costs
494,000,000 US dollars
Payment related to early extinguishment of debt
0 US dollars
Payment related to sale-leaseback transactions
negative 1,000,000 US dollars
Proceeds from certain financing arrangements
0 US dollars
Payment related to certain financing arrangements
negative 60,000,000 US dollars
Deposits
4,748,000,000 US dollars
Withdrawals
negative 3,791,000,000 US dollars
Transfers from (to) separate accounts, net
negative 488,000,000 US dollars
Issuance of common stock
0 US dollars
Common stock issued for benefit plans
negative 4,000,000 US dollars
Dividends paid to preferred stockholders
negative 12,000,000 US dollars
Dividends paid to common stockholders
negative 86,000,000 US dollars
Operating adjustment reconciliation
2,839,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
5,242,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing displayed reconciliation
7,701,000,000 US dollars. Intermediate calculation joining the displayed items and the calculated net remainder. It does not establish gross cash receipts or payments and is not an additional cash flow.
Exchange-rate effect
0 US dollars
Ending cash on Jun 30, 2026
10,165,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
10,723,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
2,820,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
−0.42×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income or operating cash is negative. The full signed reconciliation is retained: losses remain deductions, and any negative operating-cash total enters the junction from the cash pool. No positive direct-income connection is implied.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
LINCOLN NATIONAL CORPORATION (LNC) FY2026 Q2 Statement of Cash Flows Sankey chart
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