SCHEDULE III – CONDENSED SUPPLEMENTARY INSURANCE INFORMATION

12 Months Ended

Dec. 31, 2022

‎

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 Restated
	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 Restated
	As of or For the Year Ended December 31, 2021
Life Insurance	$	1,514	$	19,929		$	-	$	39,197		$	783
Annuities		4,142		4,180			-		41,620			116
Group Protection		171		6,326			-		214			4,450
Retirement Plan Services		159		15			-		23,635			-
Other Operations		-		9,966			-		6,517			10
Total	$	5,986	$	40,416		$	-	$	111,183		$	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 Restated
		As of or For the Year Ended December 31, 2022
Life Insurance		$	2,464	$	7,877		$	537		$	673	$	-
Annuities			1,386		1,182			249			1,440		-
Group Protection			333		3,847			106			1,219		-
Retirement Plan Services			966		633			17			379		-
Other Operations			125		111			-			347		-
Total		$	5,274	$	13,650		$	909		$	4,058	$	-

		As Restated
		As of or For the Year Ended December 31, 2021
Life Insurance		$	3,054	$	5,327		$	1,029		$	693	$	-
Annuities			1,314		990			433			1,547		-
Group Protection			364		3,896			107			1,154		-
Retirement Plan Services			982		620			31			387		-
Other Operations			125		117			-			254		-
Total		$	5,839	$	10,950		$	1,600		$	4,035	$	-

		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	$	-