SCHEDULE III - CONSOLIDATED SUPPLEMENTARY INSURANCE INFORMATION

12 Months Ended

Dec. 31, 2022

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, 2022
Life Insurance	$	8,419	$	20,208		$	-	$	44,129	$	1,146
Annuities		4,704		5,556			-		45,487		165
Group Protection		164		6,580			-		213		4,768
Retirement Plan Services		301		18			-		25,133		-
Other Operations		-		9,789			-		5,838		8
Total	$	13,588	$	42,151		$	-	$	120,800	$	6,087
	As of or For the Year Ended December 31, 2021
Life Insurance	$	1,672	$	20,389		$	-	$	39,717	$	1,033
Annuities		4,086		4,181			-		41,619		116
Group Protection		171		6,326			-		214		4,450
Retirement Plan Services		152		15			-		23,635		-
Other Operations		-		10,119			-		6,517		18
Total	$	6,081	$	41,030		$	-	$	111,702	$	5,617
	As of or For the Year Ended December 31, 2020
Life Insurance	$	1,723	$	20,127		$	-	$	39,797	$	950
Annuities		3,782		4,183			-		35,218		121
Group Protection		187		5,986			-		213		4,280
Retirement Plan Services		120		11			-		22,912		-
Other Operations		-		10,507			-		7,265		21
Total	$	5,812	$	40,814		$	-	$	105,405	$	5,372

⁽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, 2022
Life Insurance		$	2,585	$	8,338		$	623		$	716	$	-
Annuities			1,461		2,480			267			1,564		-
Group Protection			333		3,849			106			1,220		-
Retirement Plan Services			975		633			18			378		-
Other Operations			157		116			-			653		-
Total		$	5,511	$	15,416		$	1,014		$	4,531	$	-
		As of or For the Year Ended December 31, 2021
Life Insurance		$	3,209	$	5,714		$	1,030		$	735	$	-
Annuities			1,401		1,091			465			1,677		-
Group Protection			366		3,896			107			1,154		-
Retirement Plan Services			992		620			32			388		-
Other Operations			147		123			-			568		-
Total		$	6,115	$	11,444		$	1,634		$	4,522	$	-
		As of or For the Year Ended December 31, 2020
Life Insurance		$	2,823	$	6,077		$	786		$	720	$	-
Annuities			1,272		1,245			365			1,467		-
Group Protection			330		3,505			114			1,120		-
Retirement Plan Services			933		617			29			375		-
Other Operations			152		156			-			456		-
Total		$	5,510	$	11,600		$	1,294		$	4,138	$	-