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
	DAC		Future					Policyholder
	and		Contract			Unearned		Account		Insurance
Segment	VOBA		Benefits		Premiums (1)			Balances (2)		Premiums
	As of or For the Year Ended December 31, 2022
Life Insurance	$	7,453	$	20,953		$	-	$	37,959	$	1,146
Annuities		4,207		2,005			-		45,549		165
Group Protection		141		6,086			-		-		4,768
Retirement Plan Services		236		-			-		25,138		-
Other Operations		-		9,782			-		5,789		8
Total	$	12,037	$	38,826		$	-	$	114,435	$	6,087
	As of or For the Year Ended December 31, 2021
Life Insurance	$	7,125	$	19,564		$	-	$	38,475	$	1,033
Annuities		4,185		2,511			-		41,700		116
Group Protection		140		6,604			-		-		4,450
Retirement Plan Services		235		-			-		23,579		-
Other Operations		-		12,746			-		6,473		18
Total	$	11,685	$	41,425		$	-	$	110,227	$	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.

⁽²⁾Amounts presented as other contract holder funds as of December 31, 2020 have been reclassified to policyholder account balances.

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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		$	2,587	$	5,381		$	478		$	715	$	-
Annuities			1,463		1,204			429			1,587		-
Group Protection			334		4,039			97			1,219		-
Retirement Plan Services			976		629			18			379		-
Other Operations			155		103			-			653		-
Total		$	5,515	$	11,356		$	1,022		$	4,553	$	-
		As of or For the Year Ended December 31, 2021
Life Insurance		$	3,207	$	5,593		$	476		$	739	$	-
Annuities			1,400		1,030			403			1,699		-
Group Protection			365		4,075			139			1,153		-
Retirement Plan Services			991		616			19			387		-
Other Operations			148		118			-			561		-
Total		$	6,111	$	11,432		$	1,037		$	4,539	$	-
		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	$	-