XML 102 R74.htm IDEA: XBRL DOCUMENT v2.4.1.9
Fair Value of Financial Instruments (Carrying and Estimated Fair Values of Financial Instruments) (Details) (USD $)
In Millions, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
AFS securities:    
AFS Fixed Maturity Securities $ 88,813us-gaap_AvailableForSaleSecuritiesDebtSecurities $ 86,240us-gaap_AvailableForSaleSecuritiesDebtSecurities
AFS Equity securities 210us-gaap_AvailableForSaleSecuritiesEquitySecurities 231us-gaap_AvailableForSaleSecuritiesEquitySecurities
Trading securities 2,077us-gaap_TradingSecurities 2,065us-gaap_TradingSecurities
Mortgage loans on real estate 7,654us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet 7,574us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet
Derivative investments 2,095us-gaap_DerivativeAssets 1,860us-gaap_DerivativeAssets
Other investments 1,885us-gaap_OtherInvestments 1,709us-gaap_OtherInvestments
Carrying Value [Member]    
AFS securities:    
AFS Equity securities 210us-gaap_AvailableForSaleSecuritiesEquitySecurities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
231us-gaap_AvailableForSaleSecuritiesEquitySecurities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
Trading securities 2,077us-gaap_TradingSecurities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
2,065us-gaap_TradingSecurities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
Mortgage loans on real estate 7,654us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
7,574us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
Derivative investments 2,095us-gaap_DerivativeAssets
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
[1] 1,860us-gaap_DerivativeAssets
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
[1]
Other investments 1,885us-gaap_OtherInvestments
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
1,709us-gaap_OtherInvestments
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
Cash and invested cash 3,487us-gaap_CashAndCashEquivalentsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
3,919us-gaap_CashAndCashEquivalentsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
Other assets - reinsurance recoverable 204us-gaap_ReinsuranceRecoverableGuaranteeBenefits
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
154us-gaap_ReinsuranceRecoverableGuaranteeBenefits
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
Separate account assets 127,828lnc_SeparateAccountAssetsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
125,265lnc_SeparateAccountAssetsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
Future contract benefits:    
Indexed annuity and IUL contracts embedded derivatives (1,180)lnc_FutureContractBenefitsIndexedAnnuityContractsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
(1,170)lnc_FutureContractBenefitsIndexedAnnuityContractsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
Other contract holder funds:    
Remaining guaranteed interest and similar contracts (687)lnc_OtherContractHolderFundsRemainingGuaranteedInterestAndSimilarContractsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
(699)lnc_OtherContractHolderFundsRemainingGuaranteedInterestAndSimilarContractsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
Account values of certain investment contracts (29,990)lnc_OtherContractHolderFundsAccountValueOfCertainInvestmentContractsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
(29,156)lnc_OtherContractHolderFundsAccountValueOfCertainInvestmentContractsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
Short-term debt (250)lnc_ShortTermDebtFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
(250)lnc_ShortTermDebtFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
Long-term debt (5,627)lnc_LongTermDebtFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
(5,270)lnc_LongTermDebtFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
Reinsurance related embedded derivatives (165)lnc_ReinsuranceRelatedEmbeddedDerivativesFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
(150)lnc_ReinsuranceRelatedEmbeddedDerivativesFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
VIEs' liabilities - derivative instruments (5)lnc_VariableInterestEntitiesLiabilitiesFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
(13)lnc_VariableInterestEntitiesLiabilitiesFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
Other liabilities - credit default swaps (3)lnc_OtherLiabilitiesCreditDefaultSwapsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
(3)lnc_OtherLiabilitiesCreditDefaultSwapsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
Other liabilities - derivative Liabilities (92)us-gaap_DerivativeLiabilities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
[1] (77)us-gaap_DerivativeLiabilities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
[1]
Other liabilities - GLB reserves embedded derivatives (552)lnc_OtherLiabilitiesGuaranteedLivingBenefitsEmbeddedDerivativesReservesFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
[2] (174)lnc_OtherLiabilitiesGuaranteedLivingBenefitsEmbeddedDerivativesReservesFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
[2]
Fair Value [Member]    
AFS securities:    
AFS Equity securities 210us-gaap_AvailableForSaleSecuritiesEquitySecurities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
231us-gaap_AvailableForSaleSecuritiesEquitySecurities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
Trading securities 2,077us-gaap_TradingSecurities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
2,065us-gaap_TradingSecurities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
Mortgage loans on real estate 8,172us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
8,038us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
Derivative investments 2,095us-gaap_DerivativeAssets
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
[1] 1,860us-gaap_DerivativeAssets
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
[1]
Other investments 1,885us-gaap_OtherInvestments
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
1,709us-gaap_OtherInvestments
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
Cash and invested cash 3,487us-gaap_CashAndCashEquivalentsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
3,919us-gaap_CashAndCashEquivalentsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
Other assets - reinsurance recoverable 204us-gaap_ReinsuranceRecoverableGuaranteeBenefits
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
154us-gaap_ReinsuranceRecoverableGuaranteeBenefits
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
Separate account assets 127,828lnc_SeparateAccountAssetsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
125,265lnc_SeparateAccountAssetsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
Future contract benefits:    
Indexed annuity and IUL contracts embedded derivatives (1,180)lnc_FutureContractBenefitsIndexedAnnuityContractsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
(1,170)lnc_FutureContractBenefitsIndexedAnnuityContractsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
Other contract holder funds:    
Remaining guaranteed interest and similar contracts (687)lnc_OtherContractHolderFundsRemainingGuaranteedInterestAndSimilarContractsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
(699)lnc_OtherContractHolderFundsRemainingGuaranteedInterestAndSimilarContractsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
Account values of certain investment contracts (34,666)lnc_OtherContractHolderFundsAccountValueOfCertainInvestmentContractsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
(33,079)lnc_OtherContractHolderFundsAccountValueOfCertainInvestmentContractsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
Short-term debt (252)lnc_ShortTermDebtFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
(253)lnc_ShortTermDebtFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
Long-term debt (6,035)lnc_LongTermDebtFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
(5,707)lnc_LongTermDebtFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
Reinsurance related embedded derivatives (165)lnc_ReinsuranceRelatedEmbeddedDerivativesFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
(150)lnc_ReinsuranceRelatedEmbeddedDerivativesFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
VIEs' liabilities - derivative instruments (5)lnc_VariableInterestEntitiesLiabilitiesFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
(13)lnc_VariableInterestEntitiesLiabilitiesFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
Other liabilities - credit default swaps (3)lnc_OtherLiabilitiesCreditDefaultSwapsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
(3)lnc_OtherLiabilitiesCreditDefaultSwapsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
Other liabilities - derivative Liabilities (92)us-gaap_DerivativeLiabilities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
[1] (77)us-gaap_DerivativeLiabilities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
[1]
Other liabilities - GLB reserves embedded derivatives (552)lnc_OtherLiabilitiesGuaranteedLivingBenefitsEmbeddedDerivativesReservesFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
[2] (174)lnc_OtherLiabilitiesGuaranteedLivingBenefitsEmbeddedDerivativesReservesFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
[2]
VIEs' Fixed Maturity Securities [Member] | Carrying Value [Member]    
AFS securities:    
AFS Fixed Maturity Securities 598us-gaap_AvailableForSaleSecuritiesDebtSecurities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FinancialInstrumentAxis
= lnc_VariableInterestEntitiesFixedMaturitySecuritiesMember
598us-gaap_AvailableForSaleSecuritiesDebtSecurities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FinancialInstrumentAxis
= lnc_VariableInterestEntitiesFixedMaturitySecuritiesMember
VIEs' Fixed Maturity Securities [Member] | Fair Value [Member]    
AFS securities:    
AFS Fixed Maturity Securities 598us-gaap_AvailableForSaleSecuritiesDebtSecurities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
/ us-gaap_FinancialInstrumentAxis
= lnc_VariableInterestEntitiesFixedMaturitySecuritiesMember
598us-gaap_AvailableForSaleSecuritiesDebtSecurities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
/ us-gaap_FinancialInstrumentAxis
= lnc_VariableInterestEntitiesFixedMaturitySecuritiesMember
Fixed Maturity AFS Securities [Member] | Carrying Value [Member]    
AFS securities:    
AFS Fixed Maturity Securities 88,813us-gaap_AvailableForSaleSecuritiesDebtSecurities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FinancialInstrumentAxis
= us-gaap_FixedMaturitiesMember
86,240us-gaap_AvailableForSaleSecuritiesDebtSecurities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FinancialInstrumentAxis
= us-gaap_FixedMaturitiesMember
Fixed Maturity AFS Securities [Member] | Fair Value [Member]    
AFS securities:    
AFS Fixed Maturity Securities $ 88,813us-gaap_AvailableForSaleSecuritiesDebtSecurities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
/ us-gaap_FinancialInstrumentAxis
= us-gaap_FixedMaturitiesMember
$ 86,240us-gaap_AvailableForSaleSecuritiesDebtSecurities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
/ us-gaap_FinancialInstrumentAxis
= us-gaap_FixedMaturitiesMember
[1] We have master netting agreements with each of our derivative counterparties, which allow for the netting of our derivative asset and liability positions by counterparty.
[2] Portions of our GLB reserves embedded derivatives are ceded to third-party reinsurance counterparties. Refer to Note 5 for additional detail.