SCHEDULE III - CONSOLIDATED SUPPLEMENTARY INSURANCE INFORMATION

12 Months Ended

Dec. 31, 2019

SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Abstract]

Supplementary Insurance Information

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LINCOLN NATIONAL CORPORATION

SCHEDULE III – CONDENSED SUPPLEMENTARY INSURANCE INFORMATION

(in millions)

Column A	Column B		Column C			Column D		Column E		Column F
								Other
			Future					Contract
	DAC and		Contract			Unearned		Holder		Insurance
Segment	VOBA		Benefits		Premiums (1)			Funds		Premiums
	As of or For the Year Ended December 31, 2019
Annuities	$	3,790	$	3,862		$	-	$	29,493	$	502
Retirement Plan Services		176		9			-		20,553		-
Life Insurance		3,519		16,249			-		39,941		885
Group Protection		209		5,601			-		194		4,113
Other Operations		-		10,699			-		7,837		13
Total	$	7,694	$	36,420		$	-	$	98,018	$	5,513
	As of or For the Year Ended December 31, 2018
Annuities	$	3,660	$	3,509		$	-	$	23,493	$	390
Retirement Plan Services		243		8			-		19,761		-
Life Insurance		6,151		13,139			-		40,997		817
Group Protection		210		5,396			-		197		3,383
Other Operations		-		12,596			-		6,785		11
Total	$	10,264	$	34,648		$	-	$	91,233	$	4,601
	As of or For the Year Ended December 31, 2017
Annuities	$	3,583	$	1,943		$	-	$	21,713	$	475
Retirement Plan Services		194		4			-		18,719		-
Life Insurance		4,446		12,658			-		39,459		773
Group Protection		180		2,262			-		161		1,998
Other Operations		-		6,020			-		157		10
Total	$	8,403	$	22,887		$	-	$	80,209	$	3,256

⁽¹⁾Unearned premiums are included in Column C, future contract benefits.

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LINCOLN NATIONAL CORPORATION

SCHEDULE III – CONDENSED SUPPLEMENTARY INSURANCE INFORMATION (Continued)

(in millions)

Column A		Column G		Column H			Column I			Column J		Column K
				Benefits		Amortization
		Net		and			of DAC			Other
	Investment			Interest			and			Operating		Premiums
Segment		Income		Credited			VOBA		Expenses			Written
		As of or For the Year Ended December 31, 2019
Annuities		$	1,140	$	1,248		$	452		$	1,463	$	-
Retirement Plan Services			924		587			26			392		-
Life Insurance			2,658		5,616			779			737		-
Group Protection			307		3,041			111			1,134		-
Other Operations			194		168			-			626		-
Total		$	5,223	$	10,660		$	1,368		$	4,352	$	-
		As of or For the Year Ended December 31, 2018
Annuities		$	1,005	$	1,465		$	373		$	1,428	$	-
Retirement Plan Services			899		557			28			393		-
Life Insurance			2,697		4,759			711			660		-
Group Protection			260		2,460			92			967		-
Other Operations			224		162			-			507		-
Total		$	5,085	$	9,403		$	1,204		$	3,955	$	-
		As of or For the Year Ended December 31, 2017
Annuities		$	1,038	$	1,084		$	430		$	1,397	$	-
Retirement Plan Services			899		538			27			396		-
Life Insurance			2,643		4,593			468			721		-
Group Protection			168		1,353			79			611		-
Other Operations			242		182			-			343		-
Total		$	4,990	$	7,750		$	1,004		$	3,468	$	-