SCHEDULE III – CONDENSED SUPPLEMENTARY INSURANCE INFORMATION

12 Months Ended

Dec. 31, 2022

SCHEDULE III – CONDENSED SUPPLEMENTARY INSURANCE INFORMATION [Abstract]

SCHEDULE III – CONDENSED SUPPLEMENTARY INSURANCE INFORMATION

THE LINCOLN NATIONAL LIFE INSURANCE COMPANY

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 (2)
	As of or For the Year Ended December 31, 2022
Life Insurance	$	8,346	$	19,797		$	-	$	43,684		$	908
Annuities		4,796		5,556			-		45,493			165
Group Protection		164		6,580			-		213			4,768
Retirement Plan Services		309		18			-		25,133			-
Other Operations		-		9,647			-		5,837			-
Total	$	13,615	$	41,598		$	-	$	120,360		$	5,841
	As of or For the Year Ended December 31, 2021
Life Insurance	$	1,515	$	19,929		$	-	$	39,197		$	783
Annuities		4,140		4,180			-		41,611			116
Group Protection		171		6,326			-		214			4,450
Retirement Plan Services		159		15			-		23,635			-
Other Operations		-		9,966			-		6,517			10
Total	$	5,985	$	40,416		$	-	$	111,174		$	5,359
	As of or For the Year Ended December 31, 2020
Life Insurance	$	1,572	$	19,621		$	-	$	39,233		$	711
Annuities		3,939		4,183			-		35,234			121
Group Protection		187		5,986			-		213			4,280
Retirement Plan Services		126		11			-		22,912			-
Other Operations		-		10,345			-		7,266			10
Total	$	5,824	$	40,146		$	-	$	104,858		$	5,122

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

⁽²⁾Includes amounts ceded to LNBAR.

‎

THE LINCOLN NATIONAL LIFE INSURANCE COMPANY

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		$	2,462	$	7,877		$	537		$	673	$	-
Annuities			1,385		1,182			246			1,442		-
Group Protection			332		3,849			106			1,219		-
Retirement Plan Services			965		633			17			379		-
Other Operations			126		109			-			347		-
Total		$	5,270	$	13,650		$	906		$	4,060	$	-
		As of or For the Year Ended December 31, 2021
Life Insurance		$	3,056	$	5,309		$	1,029		$	691	$	-
Annuities			1,316		991			436			1,544		-
Group Protection			365		3,896			107			1,154		-
Retirement Plan Services			983		620			31			387		-
Other Operations			124		116			-			254		-
Total		$	5,844	$	10,932		$	1,603		$	4,030	$	-
		As of or For the Year Ended December 31, 2020
Life Insurance		$	2,689	$	5,668		$	768		$	690	$	-
Annuities			1,192		1,026			376			1,350		-
Group Protection			329		3,505			114			1,120		-
Retirement Plan Services			924		617			28			374		-
Other Operations			130		133			-			140		-
Total		$	5,264	$	10,949		$	1,286		$	3,674	$	-