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 Restated
	As of or For the Year Ended December 31, 2021
Life Insurance	$	1,672	$	20,389		$	-	$	39,717	$	1,033
Annuities		4,088		4,181			-		41,627		116
Group Protection		171		6,326			-		214		4,450
Retirement Plan Services		152		15			-		23,635		-
Other Operations		-		10,119			-		6,517		18
Total	$	6,083	$	41,030		$	-	$	111,710	$	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 Restated
		As of or For the Year Ended December 31, 2022
Life Insurance		$	2,586	$	8,338		$	623		$	715	$	-
Annuities			1,463		2,478			270			1,562		-
Group Protection			334		3,849			106			1,220		-
Retirement Plan Services			976		633			18			378		-
Other Operations			156		118			-			653		-
Total		$	5,515	$	15,416		$	1,017		$	4,528	$	-
		As Restated
		As of or For the Year Ended December 31, 2021
Life Insurance		$	3,207	$	5,732		$	1,030		$	739	$	-
Annuities			1,400		1,092			462			1,679		-
Group Protection			365		3,895			107			1,154		-
Retirement Plan Services			991		620			32			387		-
Other Operations			148		123			-			568		-
Total		$	6,111	$	11,462		$	1,631		$	4,527	$	-
		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	$	-