The Lincoln National Life Insurance Company (“LNL” or the “Company,” which also may be referred to as “we,” “our” or “us”) is a wholly-owned subsidiary of Lincoln National Corporation (“LNC” or the “Parent Company”). We own 100% of the outstanding common stock of our insurance company subsidiaries, Lincoln Life & Annuity Company of New York (“LLANY”) and Lincoln Life Assurance Company of Boston (“LLACB”). See “Acquisitions and Dispositions” below for more information on our 2018 acquisition of LLACB. We also own several non-insurance companies including Lincoln Financial Distributors Inc. (“LFD”), our wholesale distributor, and Lincoln Financial Advisors Corporation, part of LNC’s retail distributor, Lincoln Financial Network (“LFN”). LNL’s principal businesses consist of underwriting annuities, deposit-type contracts and life insurance through multiple distribution channels. LNL is licensed and sells its products throughout the U.S. and several U.S. territories. As of December 31, 2019, LNL had consolidated assets of $336.0 billion and consolidated stockholder’s equity of $21.6 billion.
Company profile
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Latest filings (excl ownership)
10-K
2023 FY
Annual report
15 Mar 24
POS AM
Prospectus update (post-effective amendment)
19 Jan 24
424B3
Prospectus supplement
18 Dec 23
EFFECT
Notice of effectiveness
18 Dec 23
S-3/A
Shelf registration (amended)
11 Dec 23
424B3
Prospectus supplement
17 Nov 23
10-Q
2023 Q3
Quarterly report
7 Nov 23
424B3
Prospectus supplement
27 Sep 23
424B3
Prospectus supplement
27 Sep 23
424B3
Prospectus supplement
27 Sep 23
Latest ownership filings
Financial summary
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Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
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Cash on hand (at last report) | 2.29 bn | 2.29 bn | 2.29 bn | 2.29 bn | 2.29 bn | 2.29 bn |
Cash burn (monthly) | 199.33 mm | (no burn) | (no burn) | 170.17 mm | (no burn) | (no burn) |
Cash used (since last report) | 1.33 bn | n/a | n/a | 1.14 bn | n/a | n/a |
Cash remaining | 954.54 mm | n/a | n/a | 1.15 bn | n/a | n/a |
Runway (months of cash) | 4.8 | n/a | n/a | 6.8 | n/a | n/a |