SCHEDULE III - CONSOLIDATED SUPPLEMENTARY INSURANCE INFORMATION

12 Months Ended

Dec. 31, 2020

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, 2020
Annuities	$	3,782	$	4,183		$	-	$	35,218	$	121
Retirement Plan Services		120		11			-		22,912		-
Life Insurance		1,723		20,127			-		39,797		950
Group Protection		187		5,986			-		213		4,280
Other Operations		-		10,507			-		7,265		21
Total	$	5,812	$	40,814		$	-	$	105,405	$	5,372
	As of or For the Year Ended December 31, 2019
Annuities	$	3,790	$	3,862		$	-	$	29,493	$	502
Retirement Plan Services		176		9			-		20,553		-
Life Insurance		3,519		16,249			-		39,941		885
Group Protection		209		5,601			-		194		4,113
Other Operations		-		10,699			-		7,837		13
Total	$	7,694	$	36,420		$	-	$	98,018	$	5,513
	As of or For the Year Ended December 31, 2018
Annuities	$	3,660	$	3,509		$	-	$	23,493	$	390
Retirement Plan Services		243		8			-		19,761		-
Life Insurance		6,151		13,139			-		40,997		817
Group Protection		210		5,396			-		197		3,383
Other Operations		-		12,596			-		6,785		11
Total	$	10,264	$	34,648		$	-	$	91,233	$	4,601

⁽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 of or For the Year Ended December 31, 2020
Annuities		$	1,272	$	1,245		$	365		$	1,467	$	-
Retirement Plan Services			933		617			29			375		-
Life Insurance			2,823		6,077			786			720		-
Group Protection			330		3,505			114			1,120		-
Other Operations			152		156			-			456		-
Total		$	5,510	$	11,600		$	1,294		$	4,138	$	-
		As of or For the Year Ended December 31, 2019
Annuities		$	1,140	$	1,248		$	452		$	1,463	$	-
Retirement Plan Services			924		587			26			392		-
Life Insurance			2,658		5,616			779			737		-
Group Protection			307		3,041			111			1,134		-
Other Operations			194		168			-			626		-
Total		$	5,223	$	10,660		$	1,368		$	4,352	$	-
		As of or For the Year Ended December 31, 2018
Annuities		$	1,005	$	1,465		$	373		$	1,428	$	-
Retirement Plan Services			899		557			28			393		-
Life Insurance			2,697		4,759			711			660		-
Group Protection			260		2,460			92			967		-
Other Operations			224		162			-			507		-
Total		$	5,085	$	9,403		$	1,204		$	3,955	$	-