false--12-31Q20000726865YesYes0000726865cik0000726865:LincolnLifeAnnuityCompanyOfNewYorkMember2022-01-012022-06-300000726865us-gaap:CommonStockMember2021-04-012021-06-300000726865us-gaap:RetainedEarningsMember2022-06-300000726865us-gaap:CommonStockMember2022-06-300000726865us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-06-300000726865us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2022-06-300000726865us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2022-06-300000726865us-gaap:RetainedEarningsMember2022-03-310000726865us-gaap:CommonStockMember2022-03-310000726865us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-03-310000726865us-gaap:RetainedEarningsMember2021-12-310000726865us-gaap:CommonStockMember2021-12-310000726865us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-12-310000726865us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2021-12-310000726865us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2021-12-310000726865us-gaap:RetainedEarningsMember2021-06-300000726865us-gaap:CommonStockMember2021-06-300000726865us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-06-300000726865us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2021-06-300000726865us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2021-06-300000726865us-gaap:RetainedEarningsMember2021-03-310000726865us-gaap:CommonStockMember2021-03-310000726865us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-03-310000726865us-gaap:RetainedEarningsMember2020-12-310000726865us-gaap:CommonStockMember2020-12-310000726865us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-12-310000726865us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2020-12-310000726865us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2020-12-310000726865us-gaap:MaturityOvernightMemberus-gaap:ForeignGovernmentDebtSecuritiesMember2022-06-300000726865us-gaap:MaturityOvernightMemberus-gaap:EquitySecuritiesMember2022-06-300000726865us-gaap:MaturityOvernightMemberus-gaap:CorporateBondSecuritiesMember2022-06-300000726865us-gaap:MaturityOvernightMember2022-06-300000726865us-gaap:MaturityOvernightMemberus-gaap:ForeignGovernmentDebtSecuritiesMember2021-12-310000726865us-gaap:MaturityOvernightMemberus-gaap:EquitySecuritiesMember2021-12-310000726865us-gaap:MaturityOvernightMemberus-gaap:CorporateBondSecuritiesMember2021-12-310000726865us-gaap:MaturityOvernightMember2021-12-310000726865cik0000726865:SegmentExcludedRealizedGainLossPreTaxReconcilingItemsMember2022-04-012022-06-300000726865cik0000726865:SegmentExcludedRealizedGainLossPreTaxReconcilingItemsMember2022-01-012022-06-300000726865cik0000726865:SegmentExcludedRealizedGainLossPreTaxReconcilingItemsMember2021-04-012021-06-300000726865cik0000726865:SegmentExcludedRealizedGainLossPreTaxReconcilingItemsMember2021-01-012021-06-300000726865cik0000726865:ReinsuranceRelatedAssetsMember2022-04-012022-06-300000726865cik0000726865:ReinsuranceRelatedAssetsMember2022-01-012022-06-300000726865cik0000726865:ReinsuranceRelatedAssetsMember2021-04-012021-06-300000726865cik0000726865:ReinsuranceRelatedAssetsMember2021-01-012021-06-300000726865cik0000726865:LimitedPartnershipsAndLimitedLiabilityCompaniesMember2022-06-300000726865cik0000726865:LimitedPartnershipsAndLimitedLiabilityCompaniesMember2021-12-310000726865cik0000726865:AssociatedAmortizationOfDacVobaDsiAndDfelMemberus-gaap:AccumulatedNetGainLossFromCashFlowHedgesIncludingPortionAttributableToNoncontrollingInterestMember2022-01-012022-06-300000726865cik0000726865:AssociatedAmortizationOfDacVobaDsiAndDfelMemberus-gaap:AccumulatedNetGainLossFromCashFlowHedgesIncludingPortionAttributableToNoncontrollingInterestMember2021-01-012021-06-300000726865us-gaap:FixedMaturitiesMember2022-01-012022-06-300000726865us-gaap:FixedMaturitiesMember2021-01-012021-12-310000726865us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-04-012022-06-300000726865us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-01-012022-06-300000726865us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-04-012021-06-300000726865us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-01-012021-06-300000726865cik0000726865:GainsLossesArisingDuringYearMemberus-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2022-01-012022-06-300000726865cik0000726865:GainsLossesArisingDuringYearMembercik0000726865:UnrealizedGainLossOnDerivativeInstrumentsMember2022-01-012022-06-300000726865cik0000726865:ChangeInForeignCurrencyExchangeRateAdjustmentMemberus-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2022-01-012022-06-300000726865cik0000726865:ChangeInForeignCurrencyExchangeRateAdjustmentMembercik0000726865:UnrealizedGainLossOnDerivativeInstrumentsMember2022-01-012022-06-300000726865cik0000726865:ChangeInDeferredInsuranceChargesMemberus-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2022-01-012022-06-300000726865cik0000726865:ChangeInDeferredInsuranceChargesMembercik0000726865:UnrealizedGainLossOnDerivativeInstrumentsMember2022-01-012022-06-300000726865cik0000726865:GainsLossesArisingDuringYearMemberus-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2021-01-012021-06-300000726865cik0000726865:GainsLossesArisingDuringYearMembercik0000726865:UnrealizedGainLossOnDerivativeInstrumentsMember2021-01-012021-06-300000726865cik0000726865:ChangeInForeignCurrencyExchangeRateAdjustmentMemberus-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2021-01-012021-06-300000726865cik0000726865:ChangeInForeignCurrencyExchangeRateAdjustmentMembercik0000726865:UnrealizedGainLossOnDerivativeInstrumentsMember2021-01-012021-06-300000726865cik0000726865:ChangeInDeferredInsuranceChargesMemberus-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2021-01-012021-06-300000726865cik0000726865:ChangeInDeferredInsuranceChargesMembercik0000726865:UnrealizedGainLossOnDerivativeInstrumentsMember2021-01-012021-06-300000726865us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-06-300000726865us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-06-300000726865us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-06-300000726865us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2022-06-300000726865us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-06-300000726865us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2022-06-300000726865us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-06-300000726865us-gaap:FinancingReceivables60To89DaysPastDueMember2022-06-300000726865us-gaap:FinancingReceivables30To59DaysPastDueMember2022-06-300000726865us-gaap:FinancialAssetNotPastDueMember2022-06-300000726865us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-12-310000726865us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-12-310000726865us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2021-12-310000726865us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2021-12-310000726865us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2021-12-310000726865us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2021-12-310000726865us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-12-310000726865us-gaap:FinancingReceivables60To89DaysPastDueMember2021-12-310000726865us-gaap:FinancingReceivables30To59DaysPastDueMember2021-12-310000726865us-gaap:FinancialAssetNotPastDueMember2021-12-310000726865cik0000726865:GrossReclassificationMemberus-gaap:AccumulatedNetGainLossFromCashFlowHedgesIncludingPortionAttributableToNoncontrollingInterestMember2022-01-012022-06-300000726865cik0000726865:GrossReclassificationMemberus-gaap:AccumulatedNetGainLossFromCashFlowHedgesIncludingPortionAttributableToNoncontrollingInterestMember2021-01-012021-06-300000726865us-gaap:InterestRateContractMembercik0000726865:GrossReclassificationMemberus-gaap:AccumulatedNetGainLossFromCashFlowHedgesIncludingPortionAttributableToNoncontrollingInterestMember2022-01-012022-06-300000726865us-gaap:InterestRateContractMembercik0000726865:GrossReclassificationMemberus-gaap:AccumulatedNetGainLossFromCashFlowHedgesIncludingPortionAttributableToNoncontrollingInterestMember2021-01-012021-06-300000726865cik0000726865:SegmentExcludedRealizedGainLossAfterTaxReconcilingItemsMember2022-04-012022-06-300000726865cik0000726865:SegmentBenefitRatioUnlockingAfterTaxReconcilingItemsMember2022-04-012022-06-300000726865cik0000726865:RetirementPlanServicesSegmentMember2022-04-012022-06-300000726865cik0000726865:OtherOperationsMember2022-04-012022-06-300000726865cik0000726865:LifeSegmentMember2022-04-012022-06-300000726865cik0000726865:GroupProtectionSegmentMember2022-04-012022-06-300000726865cik0000726865:AnnuitiesSegmentMember2022-04-012022-06-300000726865cik0000726865:SegmentExcludedRealizedGainLossAfterTaxReconcilingItemsMember2022-01-012022-06-300000726865cik0000726865:SegmentBenefitRatioUnlockingAfterTaxReconcilingItemsMember2022-01-012022-06-300000726865cik0000726865:RetirementPlanServicesSegmentMember2022-01-012022-06-300000726865cik0000726865:OtherOperationsMember2022-01-012022-06-300000726865cik0000726865:LifeSegmentMember2022-01-012022-06-300000726865cik0000726865:GroupProtectionSegmentMember2022-01-012022-06-300000726865cik0000726865:AnnuitiesSegmentMember2022-01-012022-06-300000726865cik0000726865:SegmentExcludedRealizedGainLossAfterTaxReconcilingItemsMember2021-04-012021-06-300000726865cik0000726865:SegmentBenefitRatioUnlockingAfterTaxReconcilingItemsMember2021-04-012021-06-300000726865cik0000726865:RetirementPlanServicesSegmentMember2021-04-012021-06-300000726865cik0000726865:OtherOperationsMember2021-04-012021-06-300000726865cik0000726865:LifeSegmentMember2021-04-012021-06-300000726865cik0000726865:GroupProtectionSegmentMember2021-04-012021-06-300000726865cik0000726865:AnnuitiesSegmentMember2021-04-012021-06-300000726865cik0000726865:SegmentExcludedRealizedGainLossAfterTaxReconcilingItemsMember2021-01-012021-06-300000726865cik0000726865:SegmentBenefitRatioUnlockingAfterTaxReconcilingItemsMember2021-01-012021-06-300000726865cik0000726865:RetirementPlanServicesSegmentMember2021-01-012021-06-300000726865cik0000726865:OtherOperationsMember2021-01-012021-06-300000726865cik0000726865:LifeSegmentMember2021-01-012021-06-300000726865cik0000726865:GroupProtectionSegmentMember2021-01-012021-06-300000726865cik0000726865:AnnuitiesSegmentMember2021-01-012021-06-300000726865cik0000726865:ReturnOfNetDepositsMember2022-01-012022-06-300000726865cik0000726865:MinimumReturnMember2022-01-012022-06-300000726865cik0000726865:AnniversaryContractValueMember2022-01-012022-06-300000726865cik0000726865:ReturnOfNetDepositsMember2021-01-012021-12-310000726865cik0000726865:MinimumReturnMember2021-01-012021-12-310000726865cik0000726865:AnniversaryContractValueMember2021-01-012021-12-310000726865us-gaap:FixedIncomeSecuritiesMember2022-06-300000726865cik0000726865:InternationalEquityMember2022-06-300000726865cik0000726865:DomesticEquityMember2022-06-300000726865us-gaap:FixedIncomeSecuritiesMember2021-12-310000726865cik0000726865:InternationalEquityMember2021-12-310000726865cik0000726865:DomesticEquityMember2021-12-310000726865cik0000726865:ReturnOfNetDepositsMember2022-06-300000726865cik0000726865:AnniversaryContractValueMember2022-06-300000726865cik0000726865:ReturnOfNetDepositsMember2021-12-310000726865cik0000726865:AnniversaryContractValueMember2021-12-310000726865us-gaap:PendingLitigationMember2022-06-300000726865us-gaap:FairValueInputsLevel3Membercik0000726865:GlbDirectEmbeddedDerivativesMemberus-gaap:OtherLiabilitiesMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865us-gaap:FairValueInputsLevel3Membercik0000726865:FutureContractBenefitsIndexedAnnuityEmbeddedDerivativesMembercik0000726865:FutureContractBenefitsMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:DerivativeFinancialInstrumentsLiabilitiesMember2022-06-300000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembercik0000726865:IndexedAnnuityContractsMember2022-06-300000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:DerivativeFinancialInstrumentsLiabilitiesMember2022-06-300000726865us-gaap:FairValueMeasurementsRecurringMemberus-gaap:DerivativeFinancialInstrumentsLiabilitiesMember2022-06-300000726865us-gaap:FairValueMeasurementsRecurringMembercik0000726865:IndexedAnnuityContractsMember2022-06-300000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:DerivativeFinancialInstrumentsLiabilitiesMember2021-12-310000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembercik0000726865:IndexedAnnuityContractsMember2021-12-310000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:DerivativeFinancialInstrumentsLiabilitiesMember2021-12-310000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMembercik0000726865:ReinsuranceRelatedEmbeddedDerivativesMember2021-12-310000726865us-gaap:FairValueMeasurementsRecurringMemberus-gaap:DerivativeFinancialInstrumentsLiabilitiesMember2021-12-310000726865us-gaap:FairValueMeasurementsRecurringMembercik0000726865:ReinsuranceRelatedEmbeddedDerivativesMember2021-12-310000726865us-gaap:FairValueMeasurementsRecurringMembercik0000726865:IndexedAnnuityContractsMember2021-12-310000726865us-gaap:AccumulatedNetGainLossFromCashFlowHedgesIncludingPortionAttributableToNoncontrollingInterestMember2022-01-012022-06-300000726865us-gaap:AccumulatedNetGainLossFromCashFlowHedgesIncludingPortionAttributableToNoncontrollingInterestMember2021-01-012021-06-300000726865us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:MortgagesMember2022-06-300000726865us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:MortgagesMember2021-12-310000726865us-gaap:PerformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMember2021-12-310000726865us-gaap:NonperformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMember2021-12-310000726865us-gaap:PerformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMember2022-06-300000726865us-gaap:NonperformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMember2022-06-300000726865us-gaap:ResidentialPortfolioSegmentMember2022-03-310000726865us-gaap:CommercialRealEstatePortfolioSegmentMember2022-03-310000726865us-gaap:ResidentialPortfolioSegmentMember2021-06-300000726865us-gaap:CommercialRealEstatePortfolioSegmentMember2021-06-300000726865us-gaap:ResidentialPortfolioSegmentMember2021-03-310000726865us-gaap:CommercialRealEstatePortfolioSegmentMember2021-03-310000726865us-gaap:ResidentialPortfolioSegmentMember2020-12-310000726865us-gaap:CommercialRealEstatePortfolioSegmentMember2020-12-310000726865us-gaap:TradingAssetsExcludingDebtAndEquitySecuritiesMember2022-06-300000726865us-gaap:MortgagesMember2022-06-300000726865us-gaap:EquitySecuritiesMember2022-06-300000726865us-gaap:DerivativeFinancialInstrumentsAssetsMember2022-06-300000726865cik0000726865:LprCededDerivativeMember2022-06-300000726865cik0000726865:IndexedAnnuityContractsMember2022-06-300000726865cik0000726865:IndexedAnnuityCededEmbeddedDerivativesMember2022-06-300000726865cik0000726865:GlbDirectEmbeddedDerivativesMember2022-06-300000726865cik0000726865:GlbCededEmbeddedDerivativesOtherLiabilitiesMember2022-06-300000726865cik0000726865:GLBCededEmbeddedDerivativesMember2022-06-300000726865us-gaap:TradingAssetsExcludingDebtAndEquitySecuritiesMember2022-03-310000726865us-gaap:MortgagesMember2022-03-310000726865us-gaap:ForeignGovernmentDebtSecuritiesMember2022-03-310000726865us-gaap:EquitySecuritiesMember2022-03-310000726865us-gaap:DerivativeFinancialInstrumentsAssetsMember2022-03-310000726865us-gaap:CommercialMortgageBackedSecuritiesMember2022-03-310000726865us-gaap:AssetBackedSecuritiesMember2022-03-310000726865cik0000726865:LprCededDerivativeMember2022-03-310000726865cik0000726865:IndexedAnnuityContractsMember2022-03-310000726865cik0000726865:IndexedAnnuityCededEmbeddedDerivativesMember2022-03-310000726865cik0000726865:HybridAndRedeemablePreferredSecuritiesMember2022-03-310000726865cik0000726865:GlbDirectEmbeddedDerivativesMember2022-03-310000726865cik0000726865:GlbCededEmbeddedDerivativesOtherLiabilitiesMember2022-03-310000726865cik0000726865:GLBCededEmbeddedDerivativesMember2022-03-310000726865us-gaap:TradingAssetsExcludingDebtAndEquitySecuritiesMember2021-12-310000726865us-gaap:MortgagesMember2021-12-310000726865us-gaap:EquitySecuritiesMember2021-12-310000726865us-gaap:DerivativeFinancialInstrumentsAssetsMember2021-12-310000726865cik0000726865:LprCededDerivativeMember2021-12-310000726865cik0000726865:IndexedAnnuityContractsMember2021-12-310000726865cik0000726865:IndexedAnnuityCededEmbeddedDerivativesMember2021-12-310000726865cik0000726865:GlbDirectEmbeddedDerivativesMember2021-12-310000726865cik0000726865:GlbCededEmbeddedDerivativesOtherLiabilitiesMember2021-12-310000726865cik0000726865:GLBCededEmbeddedDerivativesMember2021-12-310000726865us-gaap:TradingAssetsExcludingDebtAndEquitySecuritiesMember2021-06-300000726865us-gaap:MortgagesMember2021-06-300000726865us-gaap:ForeignGovernmentDebtSecuritiesMember2021-06-300000726865us-gaap:EquitySecuritiesMember2021-06-300000726865us-gaap:DerivativeFinancialInstrumentsAssetsMember2021-06-300000726865us-gaap:CommercialMortgageBackedSecuritiesMember2021-06-300000726865us-gaap:AssetBackedSecuritiesMember2021-06-300000726865cik0000726865:LprCededDerivativeMember2021-06-300000726865cik0000726865:HybridAndRedeemablePreferredSecuritiesMember2021-06-300000726865cik0000726865:GlbDirectEmbeddedDerivativesMember2021-06-300000726865cik0000726865:GlbCededEmbeddedDerivativesOtherLiabilitiesMember2021-06-300000726865cik0000726865:GLBCededEmbeddedDerivativesMember2021-06-300000726865us-gaap:USGovernmentDebtSecuritiesMember2021-03-310000726865us-gaap:TradingAssetsExcludingDebtAndEquitySecuritiesMember2021-03-310000726865us-gaap:MortgagesMember2021-03-310000726865us-gaap:ForeignGovernmentDebtSecuritiesMember2021-03-310000726865us-gaap:EquitySecuritiesMember2021-03-310000726865us-gaap:DerivativeFinancialInstrumentsAssetsMember2021-03-310000726865us-gaap:CommercialMortgageBackedSecuritiesMember2021-03-310000726865us-gaap:AssetBackedSecuritiesMember2021-03-310000726865cik0000726865:LprCededDerivativeMember2021-03-310000726865cik0000726865:IndexedAnnuityContractsMember2021-03-310000726865cik0000726865:IndexedAnnuityCededEmbeddedDerivativesMember2021-03-310000726865cik0000726865:HybridAndRedeemablePreferredSecuritiesMember2021-03-310000726865cik0000726865:GlbDirectEmbeddedDerivativesMember2021-03-310000726865cik0000726865:GlbCededEmbeddedDerivativesOtherLiabilitiesMember2021-03-310000726865cik0000726865:GLBCededEmbeddedDerivativesMember2021-03-310000726865us-gaap:USGovernmentDebtSecuritiesMember2020-12-310000726865us-gaap:TradingAssetsExcludingDebtAndEquitySecuritiesMember2020-12-310000726865us-gaap:MortgagesMember2020-12-310000726865us-gaap:ForeignGovernmentDebtSecuritiesMember2020-12-310000726865us-gaap:EquitySecuritiesMember2020-12-310000726865us-gaap:DerivativeFinancialInstrumentsAssetsMember2020-12-310000726865us-gaap:CommercialMortgageBackedSecuritiesMember2020-12-310000726865us-gaap:AssetBackedSecuritiesMember2020-12-310000726865cik0000726865:IndexedAnnuityContractsMember2020-12-310000726865cik0000726865:IndexedAnnuityCededEmbeddedDerivativesMember2020-12-310000726865cik0000726865:HybridAndRedeemablePreferredSecuritiesMember2020-12-310000726865cik0000726865:GlbDirectEmbeddedDerivativesMember2020-12-310000726865cik0000726865:GlbCededEmbeddedDerivativesOtherLiabilitiesMember2020-12-310000726865cik0000726865:GLBCededEmbeddedDerivativesMember2020-12-310000726865us-gaap:USGovernmentDebtSecuritiesMember2021-04-012021-06-300000726865us-gaap:CommercialMortgageBackedSecuritiesMember2022-04-012022-06-300000726865cik0000726865:IndexedAnnuityContractsMember2021-04-012021-06-300000726865cik0000726865:IndexedAnnuityCededEmbeddedDerivativesMember2021-04-012021-06-300000726865us-gaap:ResidentialMortgageBackedSecuritiesMember2021-01-012021-06-300000726865cik0000726865:GlbDirectEmbeddedDerivativesMember2022-04-012022-06-300000726865cik0000726865:GlbCededEmbeddedDerivativesOtherLiabilitiesMember2022-04-012022-06-300000726865cik0000726865:GLBCededEmbeddedDerivativesMember2022-04-012022-06-300000726865cik0000726865:GlbDirectEmbeddedDerivativesMember2022-01-012022-06-300000726865cik0000726865:GlbCededEmbeddedDerivativesOtherLiabilitiesMember2022-01-012022-06-300000726865cik0000726865:GLBCededEmbeddedDerivativesMember2022-01-012022-06-300000726865us-gaap:DerivativeFinancialInstrumentsAssetsMember2021-04-012021-06-300000726865cik0000726865:GlbDirectEmbeddedDerivativesMember2021-04-012021-06-300000726865cik0000726865:GlbCededEmbeddedDerivativesOtherLiabilitiesMember2021-04-012021-06-300000726865cik0000726865:GLBCededEmbeddedDerivativesMember2021-04-012021-06-300000726865cik0000726865:GlbDirectEmbeddedDerivativesMember2021-01-012021-06-300000726865cik0000726865:GlbCededEmbeddedDerivativesOtherLiabilitiesMember2021-01-012021-06-300000726865cik0000726865:GLBCededEmbeddedDerivativesMember2021-01-012021-06-300000726865cik0000726865:LprCededDerivativeMemberus-gaap:OtherAssetsMember2022-04-012022-06-300000726865us-gaap:DerivativeFinancialInstrumentsAssetsMember2022-04-012022-06-300000726865cik0000726865:LprCededDerivativeMember2022-04-012022-06-300000726865cik0000726865:GlbDirectAndCededMember2022-04-012022-06-300000726865cik0000726865:LprCededDerivativeMemberus-gaap:OtherAssetsMember2022-01-012022-06-300000726865us-gaap:DerivativeFinancialInstrumentsAssetsMember2022-01-012022-06-300000726865cik0000726865:LprCededDerivativeMember2022-01-012022-06-300000726865cik0000726865:GlbDirectAndCededMember2022-01-012022-06-300000726865cik0000726865:LprCededDerivativeMemberus-gaap:OtherAssetsMember2021-04-012021-06-300000726865cik0000726865:LprCededDerivativeMember2021-04-012021-06-300000726865cik0000726865:GlbDirectAndCededMember2021-04-012021-06-300000726865cik0000726865:LprCededDerivativeMemberus-gaap:OtherAssetsMember2021-01-012021-06-300000726865cik0000726865:LprCededDerivativeMember2021-01-012021-06-300000726865cik0000726865:GlbDirectAndCededMember2021-01-012021-06-300000726865cik0000726865:InvestedAssetsMemberus-gaap:FederalHomeLoanMortgageCorporationCertificatesAndObligationsFHLMCMemberus-gaap:FixedMaturitiesMember2022-06-300000726865cik0000726865:InvestedAssetsMembercik0000726865:WhiteChapelLlcMemberus-gaap:FixedMaturitiesMember2022-06-300000726865cik0000726865:InvestedAssetsMemberus-gaap:FinancialServiceMember2022-06-300000726865cik0000726865:InvestedAssetsMembercik0000726865:ConsumerNonCyclicalIndustryMember2022-06-300000726865cik0000726865:InvestedAssetsMemberus-gaap:FederalHomeLoanMortgageCorporationCertificatesAndObligationsFHLMCMemberus-gaap:FixedMaturitiesMember2021-12-310000726865cik0000726865:InvestedAssetsMembercik0000726865:WhiteChapelLlcMemberus-gaap:FixedMaturitiesMember2021-12-310000726865cik0000726865:InvestedAssetsMemberus-gaap:FinancialServiceMember2021-12-310000726865cik0000726865:InvestedAssetsMembercik0000726865:ConsumerNonCyclicalIndustryMember2021-12-310000726865us-gaap:ForeignGovernmentDebtSecuritiesMember2022-04-012022-06-300000726865cik0000726865:HybridAndRedeemablePreferredSecuritiesMember2022-04-012022-06-300000726865us-gaap:ForeignGovernmentDebtSecuritiesMember2022-01-012022-06-300000726865cik0000726865:HybridAndRedeemablePreferredSecuritiesMember2022-01-012022-06-300000726865srt:WeightedAverageMemberus-gaap:EquitySecuritiesMemberus-gaap:FairValueInputsLevel3Membercik0000726865:MeasurementInputLiquidityDurationAdjustmentMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865srt:MinimumMemberus-gaap:EquitySecuritiesMemberus-gaap:FairValueInputsLevel3Membercik0000726865:MeasurementInputLiquidityDurationAdjustmentMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865srt:MaximumMemberus-gaap:EquitySecuritiesMemberus-gaap:FairValueInputsLevel3Membercik0000726865:MeasurementInputLiquidityDurationAdjustmentMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865us-gaap:RetainedEarningsMember2022-04-012022-06-300000726865us-gaap:RetainedEarningsMember2022-01-012022-06-300000726865us-gaap:RetainedEarningsMember2021-04-012021-06-300000726865us-gaap:RetainedEarningsMember2021-01-012021-06-300000726865us-gaap:IndexedAnnuityMember2022-01-012022-06-300000726865cik0000726865:DerivativeInvestmentsMemberus-gaap:CreditRiskContractMemberus-gaap:NondesignatedMember2022-06-300000726865cik0000726865:DerivativeInvestmentsMemberus-gaap:CreditRiskContractMemberus-gaap:NondesignatedMember2021-12-310000726865srt:WeightedAverageMemberus-gaap:FairValueInputsLevel3Membercik0000726865:GlbDirectEmbeddedDerivativesMemberus-gaap:OtherLiabilitiesMemberus-gaap:MeasurementInputWithdrawalRateMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865srt:WeightedAverageMemberus-gaap:FairValueInputsLevel3Membercik0000726865:GlbDirectEmbeddedDerivativesMemberus-gaap:OtherLiabilitiesMemberus-gaap:MeasurementInputPriceVolatilityMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865srt:WeightedAverageMemberus-gaap:FairValueInputsLevel3Membercik0000726865:GlbDirectEmbeddedDerivativesMemberus-gaap:OtherLiabilitiesMemberus-gaap:MeasurementInputCreditSpreadMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865srt:MinimumMemberus-gaap:FairValueInputsLevel3Membercik0000726865:GlbDirectEmbeddedDerivativesMemberus-gaap:OtherLiabilitiesMemberus-gaap:MeasurementInputWithdrawalRateMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865srt:MinimumMemberus-gaap:FairValueInputsLevel3Membercik0000726865:GlbDirectEmbeddedDerivativesMemberus-gaap:OtherLiabilitiesMemberus-gaap:MeasurementInputPriceVolatilityMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865srt:MinimumMemberus-gaap:FairValueInputsLevel3Membercik0000726865:GlbDirectEmbeddedDerivativesMemberus-gaap:OtherLiabilitiesMemberus-gaap:MeasurementInputLapseRateMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865srt:MinimumMemberus-gaap:FairValueInputsLevel3Membercik0000726865:GlbDirectEmbeddedDerivativesMemberus-gaap:OtherLiabilitiesMemberus-gaap:MeasurementInputCreditSpreadMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865srt:MinimumMemberus-gaap:FairValueInputsLevel3Membercik0000726865:GlbDirectEmbeddedDerivativesMemberus-gaap:OtherLiabilitiesMembercik0000726865:MeasurementInputPremiumsUtilizationRateMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865srt:MinimumMemberus-gaap:FairValueInputsLevel3Membercik0000726865:GlbDirectEmbeddedDerivativesMemberus-gaap:OtherLiabilitiesMembercik0000726865:MeasurementInputClaimsUtilizationRateMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865srt:MinimumMemberus-gaap:FairValueInputsLevel3Membercik0000726865:FutureContractBenefitsIndexedAnnuityEmbeddedDerivativesMembercik0000726865:FutureContractBenefitsMemberus-gaap:MeasurementInputLapseRateMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865srt:MaximumMemberus-gaap:FairValueInputsLevel3Membercik0000726865:GlbDirectEmbeddedDerivativesMemberus-gaap:OtherLiabilitiesMemberus-gaap:MeasurementInputWithdrawalRateMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865srt:MaximumMemberus-gaap:FairValueInputsLevel3Membercik0000726865:GlbDirectEmbeddedDerivativesMemberus-gaap:OtherLiabilitiesMemberus-gaap:MeasurementInputPriceVolatilityMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865srt:MaximumMemberus-gaap:FairValueInputsLevel3Membercik0000726865:GlbDirectEmbeddedDerivativesMemberus-gaap:OtherLiabilitiesMemberus-gaap:MeasurementInputLapseRateMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865srt:MaximumMemberus-gaap:FairValueInputsLevel3Membercik0000726865:GlbDirectEmbeddedDerivativesMemberus-gaap:OtherLiabilitiesMemberus-gaap:MeasurementInputCreditSpreadMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865srt:MaximumMemberus-gaap:FairValueInputsLevel3Membercik0000726865:GlbDirectEmbeddedDerivativesMemberus-gaap:OtherLiabilitiesMembercik0000726865:MeasurementInputPremiumsUtilizationRateMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865srt:MaximumMemberus-gaap:FairValueInputsLevel3Membercik0000726865:GlbDirectEmbeddedDerivativesMemberus-gaap:OtherLiabilitiesMembercik0000726865:MeasurementInputClaimsUtilizationRateMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865srt:MaximumMemberus-gaap:FairValueInputsLevel3Membercik0000726865:FutureContractBenefitsIndexedAnnuityEmbeddedDerivativesMembercik0000726865:FutureContractBenefitsMemberus-gaap:MeasurementInputLapseRateMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865us-gaap:InterestRateContractMemberus-gaap:NondesignatedMembercik0000726865:RealizedGainLossMember2022-04-012022-06-300000726865us-gaap:ForeignExchangeContractMemberus-gaap:NondesignatedMembercik0000726865:RealizedGainLossMember2022-04-012022-06-300000726865us-gaap:EquityContractMemberus-gaap:NondesignatedMembercik0000726865:RealizedGainLossMember2022-04-012022-06-300000726865us-gaap:CommodityMemberus-gaap:NondesignatedMembercik0000726865:RealizedGainLossMember2022-04-012022-06-300000726865cik0000726865:ReinsuranceRelatedMemberus-gaap:NondesignatedMembercik0000726865:RealizedGainLossMember2022-04-012022-06-300000726865cik0000726865:LprCededDerivativeMemberus-gaap:NondesignatedMembercik0000726865:BenefitsExpenseMember2022-04-012022-06-300000726865cik0000726865:IndexedAnnuityContractsMemberus-gaap:NondesignatedMembercik0000726865:RealizedGainLossMember2022-04-012022-06-300000726865cik0000726865:GuaranteedLivingBenefitsEmbeddedDerivativeReservesMemberus-gaap:NondesignatedMembercik0000726865:RealizedGainLossMember2022-04-012022-06-300000726865us-gaap:InterestRateContractMemberus-gaap:NondesignatedMembercik0000726865:RealizedGainLossMember2022-01-012022-06-300000726865us-gaap:ForeignExchangeContractMemberus-gaap:NondesignatedMembercik0000726865:RealizedGainLossMember2022-01-012022-06-300000726865us-gaap:EquityContractMemberus-gaap:NondesignatedMembercik0000726865:RealizedGainLossMember2022-01-012022-06-300000726865us-gaap:CommodityMemberus-gaap:NondesignatedMembercik0000726865:RealizedGainLossMember2022-01-012022-06-300000726865cik0000726865:ReinsuranceRelatedMemberus-gaap:NondesignatedMembercik0000726865:RealizedGainLossMember2022-01-012022-06-300000726865cik0000726865:LprCededDerivativeMemberus-gaap:NondesignatedMembercik0000726865:BenefitsExpenseMember2022-01-012022-06-300000726865cik0000726865:IndexedAnnuityContractsMemberus-gaap:NondesignatedMembercik0000726865:RealizedGainLossMember2022-01-012022-06-300000726865us-gaap:InterestRateContractMemberus-gaap:NondesignatedMembercik0000726865:RealizedGainLossMember2021-04-012021-06-300000726865us-gaap:ForeignExchangeContractMemberus-gaap:NondesignatedMembercik0000726865:RealizedGainLossMember2021-04-012021-06-300000726865us-gaap:EquityContractMemberus-gaap:NondesignatedMembercik0000726865:RealizedGainLossMember2021-04-012021-06-300000726865cik0000726865:ReinsuranceRelatedMemberus-gaap:NondesignatedMembercik0000726865:RealizedGainLossMember2021-04-012021-06-300000726865cik0000726865:LprCededDerivativeMemberus-gaap:NondesignatedMembercik0000726865:BenefitsExpenseMember2021-04-012021-06-300000726865cik0000726865:IndexedAnnuityContractsMemberus-gaap:NondesignatedMembercik0000726865:RealizedGainLossMember2021-04-012021-06-300000726865us-gaap:InterestRateContractMemberus-gaap:NondesignatedMembercik0000726865:RealizedGainLossMember2021-01-012021-06-300000726865us-gaap:ForeignExchangeContractMemberus-gaap:NondesignatedMembercik0000726865:RealizedGainLossMember2021-01-012021-06-300000726865us-gaap:EquityContractMemberus-gaap:NondesignatedMembercik0000726865:RealizedGainLossMember2021-01-012021-06-300000726865cik0000726865:ReinsuranceRelatedMemberus-gaap:NondesignatedMembercik0000726865:RealizedGainLossMember2021-01-012021-06-300000726865cik0000726865:LprCededDerivativeMemberus-gaap:NondesignatedMembercik0000726865:BenefitsExpenseMember2021-01-012021-06-300000726865cik0000726865:IndexedAnnuityContractsMemberus-gaap:NondesignatedMembercik0000726865:RealizedGainLossMember2021-01-012021-06-300000726865cik0000726865:GuaranteedLivingBenefitsEmbeddedDerivativeReservesMemberus-gaap:NondesignatedMembercik0000726865:RealizedGainLossMember2021-01-012021-06-300000726865us-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMembercik0000726865:RealizedGainLossMember2022-04-012022-06-300000726865us-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMembercik0000726865:NetInvestmentIncomeMember2022-04-012022-06-300000726865us-gaap:InterestRateContractMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMembercik0000726865:NetInvestmentIncomeMember2022-01-012022-06-300000726865us-gaap:ForeignExchangeContractMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMembercik0000726865:RealizedGainLossMember2022-01-012022-06-300000726865us-gaap:ForeignExchangeContractMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMembercik0000726865:NetInvestmentIncomeMember2022-01-012022-06-300000726865us-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMembercik0000726865:NetInvestmentIncomeMember2021-04-012021-06-300000726865us-gaap:InterestRateContractMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMembercik0000726865:NetInvestmentIncomeMember2021-01-012021-06-300000726865us-gaap:ForeignExchangeContractMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMembercik0000726865:RealizedGainLossMember2021-01-012021-06-300000726865us-gaap:ForeignExchangeContractMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMembercik0000726865:NetInvestmentIncomeMember2021-01-012021-06-300000726865cik0000726865:DerivativeInvestmentsMemberus-gaap:InterestRateContractMemberus-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2022-06-300000726865cik0000726865:DerivativeInvestmentsMemberus-gaap:InterestRateContractMemberus-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-12-310000726865cik0000726865:ReinsuranceRelatedEmbeddedDerivativesMembercik0000726865:ReinsuranceRelatedMemberus-gaap:NondesignatedMember2021-12-310000726865us-gaap:OtherAssetsMember2021-12-310000726865cik0000726865:DerivativeInvestmentsMemberus-gaap:InterestRateContractMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2022-06-300000726865cik0000726865:DerivativeInvestmentsMemberus-gaap:ForeignExchangeContractMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2022-06-300000726865us-gaap:OtherLiabilitiesMembercik0000726865:GLBCededEmbeddedDerivativesMemberus-gaap:NondesignatedMember2022-06-300000726865us-gaap:OtherAssetsMembercik0000726865:LprCededDerivativeMemberus-gaap:NondesignatedMember2022-06-300000726865us-gaap:OtherAssetsMembercik0000726865:GlbDirectEmbeddedDerivativesMemberus-gaap:NondesignatedMember2022-06-300000726865cik0000726865:ReinsuranceRelatedEmbeddedDerivativesMembercik0000726865:ReinsuranceRelatedMemberus-gaap:NondesignatedMember2022-06-300000726865cik0000726865:FutureContractBenefitsMembercik0000726865:IndexedAnnuityContractsMemberus-gaap:NondesignatedMember2022-06-300000726865cik0000726865:DerivativeInvestmentsMemberus-gaap:InterestRateContractMemberus-gaap:NondesignatedMember2022-06-300000726865cik0000726865:DerivativeInvestmentsMemberus-gaap:ForeignExchangeContractMemberus-gaap:NondesignatedMember2022-06-300000726865cik0000726865:DerivativeInvestmentsMemberus-gaap:EquityContractMemberus-gaap:NondesignatedMember2022-06-300000726865cik0000726865:DerivativeInvestmentsMemberus-gaap:CommodityMemberus-gaap:NondesignatedMember2022-06-300000726865cik0000726865:DerivativeInvestmentsMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2022-06-300000726865cik0000726865:TotalDerivativeInstrumentsMember2022-06-300000726865cik0000726865:DerivativeInvestmentsMemberus-gaap:InterestRateContractMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-12-310000726865cik0000726865:DerivativeInvestmentsMemberus-gaap:ForeignExchangeContractMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-12-310000726865us-gaap:OtherLiabilitiesMembercik0000726865:GLBCededEmbeddedDerivativesMemberus-gaap:NondesignatedMember2021-12-310000726865us-gaap:OtherAssetsMembercik0000726865:LprCededDerivativeMemberus-gaap:NondesignatedMember2021-12-310000726865us-gaap:OtherAssetsMembercik0000726865:GlbDirectEmbeddedDerivativesMemberus-gaap:NondesignatedMember2021-12-310000726865cik0000726865:FutureContractBenefitsMembercik0000726865:IndexedAnnuityContractsMemberus-gaap:NondesignatedMember2021-12-310000726865cik0000726865:DerivativeInvestmentsMemberus-gaap:InterestRateContractMemberus-gaap:NondesignatedMember2021-12-310000726865cik0000726865:DerivativeInvestmentsMemberus-gaap:ForeignExchangeContractMemberus-gaap:NondesignatedMember2021-12-310000726865cik0000726865:DerivativeInvestmentsMemberus-gaap:EquityContractMemberus-gaap:NondesignatedMember2021-12-310000726865cik0000726865:DerivativeInvestmentsMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-12-310000726865cik0000726865:TotalDerivativeInstrumentsMember2021-12-310000726865srt:StandardPoorsARatingMember2022-06-300000726865srt:StandardPoorsAPlusRatingMember2022-06-300000726865srt:StandardPoorsAAMinusRatingMember2022-06-300000726865srt:StandardPoorsARatingMember2021-12-310000726865srt:StandardPoorsAPlusRatingMember2021-12-310000726865srt:StandardPoorsAAMinusRatingMember2021-12-310000726865us-gaap:OtherLiabilitiesMember2022-06-300000726865srt:WeightedAverageMembercik0000726865:LprCededDerivativeMemberus-gaap:FairValueInputsLevel3Memberus-gaap:OtherAssetsMemberus-gaap:MeasurementInputCreditSpreadMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865srt:WeightedAverageMembercik0000726865:GLBCededEmbeddedDerivativesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:OtherAssetsMemberus-gaap:MeasurementInputWithdrawalRateMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865srt:WeightedAverageMembercik0000726865:GLBCededEmbeddedDerivativesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:OtherAssetsMemberus-gaap:MeasurementInputPriceVolatilityMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865srt:WeightedAverageMembercik0000726865:GLBCededEmbeddedDerivativesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:OtherAssetsMemberus-gaap:MeasurementInputCreditSpreadMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865srt:MinimumMembercik0000726865:LprCededDerivativeMemberus-gaap:FairValueInputsLevel3Memberus-gaap:OtherAssetsMemberus-gaap:MeasurementInputLapseRateMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865srt:MinimumMembercik0000726865:LprCededDerivativeMemberus-gaap:FairValueInputsLevel3Memberus-gaap:OtherAssetsMemberus-gaap:MeasurementInputCreditSpreadMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865srt:MinimumMembercik0000726865:IndexedAnnuityCededEmbeddedDerivativesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:OtherAssetsMemberus-gaap:MeasurementInputLapseRateMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865srt:MinimumMembercik0000726865:GlbDirectAndCededEmbeddedDerivativesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:OtherAssetsMemberus-gaap:MeasurementInputWithdrawalRateMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865srt:MinimumMembercik0000726865:GlbDirectAndCededEmbeddedDerivativesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:OtherAssetsMemberus-gaap:MeasurementInputPriceVolatilityMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865srt:MinimumMembercik0000726865:GlbDirectAndCededEmbeddedDerivativesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:OtherAssetsMemberus-gaap:MeasurementInputLapseRateMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865srt:MinimumMembercik0000726865:GlbDirectAndCededEmbeddedDerivativesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:OtherAssetsMemberus-gaap:MeasurementInputCreditSpreadMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865srt:MinimumMembercik0000726865:GlbDirectAndCededEmbeddedDerivativesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:OtherAssetsMembercik0000726865:MeasurementInputPremiumsUtilizationRateMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865srt:MinimumMembercik0000726865:GlbDirectAndCededEmbeddedDerivativesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:OtherAssetsMembercik0000726865:MeasurementInputClaimsUtilizationRateMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865srt:MaximumMembercik0000726865:LprCededDerivativeMemberus-gaap:FairValueInputsLevel3Memberus-gaap:OtherAssetsMemberus-gaap:MeasurementInputLapseRateMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865srt:MaximumMembercik0000726865:LprCededDerivativeMemberus-gaap:FairValueInputsLevel3Memberus-gaap:OtherAssetsMemberus-gaap:MeasurementInputCreditSpreadMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865srt:MaximumMembercik0000726865:IndexedAnnuityCededEmbeddedDerivativesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:OtherAssetsMemberus-gaap:MeasurementInputLapseRateMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865srt:MaximumMembercik0000726865:GlbDirectAndCededEmbeddedDerivativesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:OtherAssetsMemberus-gaap:MeasurementInputWithdrawalRateMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865srt:MaximumMembercik0000726865:GlbDirectAndCededEmbeddedDerivativesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:OtherAssetsMemberus-gaap:MeasurementInputPriceVolatilityMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865srt:MaximumMembercik0000726865:GlbDirectAndCededEmbeddedDerivativesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:OtherAssetsMemberus-gaap:MeasurementInputLapseRateMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865srt:MaximumMembercik0000726865:GlbDirectAndCededEmbeddedDerivativesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:OtherAssetsMemberus-gaap:MeasurementInputCreditSpreadMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865srt:MaximumMembercik0000726865:GlbDirectAndCededEmbeddedDerivativesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:OtherAssetsMembercik0000726865:MeasurementInputPremiumsUtilizationRateMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865srt:MaximumMembercik0000726865:GlbDirectAndCededEmbeddedDerivativesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:OtherAssetsMembercik0000726865:MeasurementInputClaimsUtilizationRateMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865us-gaap:FixedMaturitiesMember2022-04-012022-06-300000726865us-gaap:FixedMaturitiesMember2022-01-012022-06-300000726865us-gaap:FixedMaturitiesMember2021-04-012021-06-300000726865us-gaap:FixedMaturitiesMember2021-01-012021-06-300000726865us-gaap:OtherDebtSecuritiesMember2022-01-012022-06-300000726865us-gaap:OtherDebtSecuritiesMember2022-06-300000726865us-gaap:ResidentialMortgageBackedSecuritiesMember2022-03-310000726865us-gaap:OtherDebtSecuritiesMember2022-03-310000726865us-gaap:CorporateBondSecuritiesMember2022-03-3100007268652022-03-310000726865us-gaap:OtherDebtSecuritiesMember2021-12-310000726865us-gaap:ResidentialMortgageBackedSecuritiesMember2021-06-300000726865us-gaap:CorporateBondSecuritiesMember2021-06-300000726865us-gaap:ResidentialMortgageBackedSecuritiesMember2021-03-310000726865us-gaap:CorporateBondSecuritiesMember2021-03-3100007268652021-03-310000726865us-gaap:ResidentialMortgageBackedSecuritiesMember2020-12-310000726865us-gaap:CorporateBondSecuritiesMember2020-12-310000726865us-gaap:ForeignExchangeContractMembercik0000726865:GrossReclassificationMemberus-gaap:AccumulatedNetGainLossFromCashFlowHedgesIncludingPortionAttributableToNoncontrollingInterestMember2022-01-012022-06-300000726865cik0000726865:GrossReclassificationMemberus-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2022-01-012022-06-300000726865cik0000726865:AssociatedAmortizationOfDacVobaDsiAndDfelMemberus-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2022-01-012022-06-300000726865us-gaap:ForeignExchangeContractMembercik0000726865:GrossReclassificationMemberus-gaap:AccumulatedNetGainLossFromCashFlowHedgesIncludingPortionAttributableToNoncontrollingInterestMember2021-01-012021-06-300000726865cik0000726865:GrossReclassificationMemberus-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2021-01-012021-06-300000726865cik0000726865:AssociatedAmortizationOfDacVobaDsiAndDfelMemberus-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2021-01-012021-06-300000726865srt:StandardPoorsBBBPlusRatingMemberus-gaap:CreditDefaultSwapSellingProtectionMembercik0000726865:MaturityBMember2022-06-300000726865stpr:FLcik0000726865:GeographicConcentrationMemberus-gaap:MortgagesMemberus-gaap:ResidentialPortfolioSegmentMember2022-01-012022-06-300000726865stpr:CAcik0000726865:GeographicConcentrationMemberus-gaap:MortgagesMemberus-gaap:ResidentialPortfolioSegmentMember2022-01-012022-06-300000726865stpr:CAcik0000726865:GeographicConcentrationMemberus-gaap:MortgagesMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-01-012022-06-300000726865cik0000726865:InvestedAssetsMemberus-gaap:FinancialServiceMemberus-gaap:FixedMaturitiesMember2022-01-012022-06-300000726865cik0000726865:InvestedAssetsMemberus-gaap:FederalHomeLoanMortgageCorporationCertificatesAndObligationsFHLMCMemberus-gaap:FixedMaturitiesMember2022-01-012022-06-300000726865cik0000726865:InvestedAssetsMembercik0000726865:WhiteChapelLlcMemberus-gaap:FixedMaturitiesMember2022-01-012022-06-300000726865cik0000726865:InvestedAssetsMembercik0000726865:ConsumerNonCyclicalIndustryMemberus-gaap:FixedMaturitiesMember2022-01-012022-06-300000726865stpr:TXcik0000726865:GeographicConcentrationMemberus-gaap:MortgagesMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-01-012022-06-300000726865stpr:FLcik0000726865:GeographicConcentrationMemberus-gaap:MortgagesMemberus-gaap:ResidentialPortfolioSegmentMember2021-01-012021-12-310000726865stpr:CAcik0000726865:GeographicConcentrationMemberus-gaap:MortgagesMemberus-gaap:ResidentialPortfolioSegmentMember2021-01-012021-12-310000726865stpr:CAcik0000726865:GeographicConcentrationMemberus-gaap:MortgagesMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-01-012021-12-310000726865cik0000726865:InvestedAssetsMemberus-gaap:FinancialServiceMemberus-gaap:FixedMaturitiesMember2021-01-012021-12-310000726865cik0000726865:InvestedAssetsMemberus-gaap:FederalHomeLoanMortgageCorporationCertificatesAndObligationsFHLMCMemberus-gaap:FixedMaturitiesMember2021-01-012021-12-310000726865cik0000726865:InvestedAssetsMembercik0000726865:WhiteChapelLlcMemberus-gaap:FixedMaturitiesMember2021-01-012021-12-310000726865cik0000726865:InvestedAssetsMembercik0000726865:ConsumerNonCyclicalIndustryMemberus-gaap:FixedMaturitiesMember2021-01-012021-12-310000726865us-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMembercik0000726865:NetInvestmentIncomeMember2022-04-012022-06-300000726865us-gaap:InterestRateContractMemberus-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMembercik0000726865:NetInvestmentIncomeMember2022-01-012022-06-300000726865us-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMembercik0000726865:NetInvestmentIncomeMember2021-04-012021-06-300000726865us-gaap:InterestRateContractMemberus-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMembercik0000726865:NetInvestmentIncomeMember2021-01-012021-06-3000007268652021-06-3000007268652020-12-310000726865us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FixedMaturitiesMember2022-06-300000726865us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:FixedMaturitiesMember2022-06-300000726865cik0000726865:StructuredSecuritiesMember2022-06-300000726865us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FixedMaturitiesMember2021-12-310000726865us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:FixedMaturitiesMember2021-12-310000726865cik0000726865:FixedMaturityAfsSecuritiesOtherThanStructuredSecuritiesMember2022-06-300000726865us-gaap:USStatesAndPoliticalSubdivisionsMember2022-06-300000726865us-gaap:USGovernmentDebtSecuritiesMember2022-06-300000726865us-gaap:ResidentialMortgageBackedSecuritiesMember2022-06-300000726865us-gaap:ForeignGovernmentDebtSecuritiesMember2022-06-300000726865us-gaap:CorporateBondSecuritiesMember2022-06-300000726865us-gaap:CommercialMortgageBackedSecuritiesMember2022-06-300000726865us-gaap:AssetBackedSecuritiesMember2022-06-300000726865cik0000726865:HybridAndRedeemablePreferredSecuritiesMember2022-06-300000726865us-gaap:USStatesAndPoliticalSubdivisionsMember2021-12-310000726865us-gaap:USGovernmentDebtSecuritiesMember2021-12-310000726865us-gaap:ResidentialMortgageBackedSecuritiesMember2021-12-310000726865us-gaap:ForeignGovernmentDebtSecuritiesMember2021-12-310000726865us-gaap:CorporateBondSecuritiesMember2021-12-310000726865us-gaap:CommercialMortgageBackedSecuritiesMember2021-12-310000726865us-gaap:AssetBackedSecuritiesMember2021-12-310000726865cik0000726865:HybridAndRedeemablePreferredSecuritiesMember2021-12-310000726865us-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FixedMaturitiesMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865us-gaap:CorporateBondSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FixedMaturitiesMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865us-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FixedMaturitiesMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865cik0000726865:LprCededDerivativeMemberus-gaap:FairValueInputsLevel3Memberus-gaap:OtherAssetsMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865cik0000726865:IndexedAnnuityCededEmbeddedDerivativesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:OtherAssetsMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865cik0000726865:HybridAndRedeemablePreferredSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FixedMaturitiesMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865cik0000726865:GlbDirectAndCededEmbeddedDerivativesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:OtherAssetsMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:TradingAssetsExcludingDebtAndEquitySecuritiesMember2022-06-300000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialMortgageBackedSecuritiesMember2022-06-300000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgagesMember2022-06-300000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ForeignGovernmentDebtSecuritiesMember2022-06-300000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMember2022-06-300000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:DerivativeFinancialInstrumentsAssetsMember2022-06-300000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateBondSecuritiesMember2022-06-300000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:AssetBackedSecuritiesMember2022-06-300000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembercik0000726865:LprCededDerivativeMember2022-06-300000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembercik0000726865:IndexedAnnuityCededEmbeddedDerivativesMember2022-06-300000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembercik0000726865:HybridAndRedeemablePreferredSecuritiesMember2022-06-300000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembercik0000726865:GlbDirectEmbeddedDerivativesMember2022-06-300000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembercik0000726865:GLBCededEmbeddedDerivativesMember2022-06-300000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2022-06-300000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentDebtSecuritiesMember2022-06-300000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:TradingAssetsExcludingDebtAndEquitySecuritiesMember2022-06-300000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialMortgageBackedSecuritiesMember2022-06-300000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:OtherInvestmentsMember2022-06-300000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ForeignGovernmentDebtSecuritiesMember2022-06-300000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMember2022-06-300000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:DerivativeFinancialInstrumentsAssetsMember2022-06-300000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateBondSecuritiesMember2022-06-300000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialMortgageBackedSecuritiesMember2022-06-300000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CashAndCashEquivalentsMember2022-06-300000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:AssetBackedSecuritiesMember2022-06-300000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMembercik0000726865:SeperateAccountAssetsMember2022-06-300000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMembercik0000726865:ReinsuranceRelatedEmbeddedDerivativesMember2022-06-300000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMembercik0000726865:HybridAndRedeemablePreferredSecuritiesMember2022-06-300000726865us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentDebtSecuritiesMember2022-06-300000726865us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMember2022-06-300000726865us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMembercik0000726865:SeperateAccountAssetsMember2022-06-300000726865us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMembercik0000726865:HybridAndRedeemablePreferredSecuritiesMember2022-06-300000726865us-gaap:EquitySecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2022-06-300000726865us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentDebtSecuritiesMember2022-06-300000726865us-gaap:FairValueMeasurementsRecurringMemberus-gaap:TradingAssetsExcludingDebtAndEquitySecuritiesMember2022-06-300000726865us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialMortgageBackedSecuritiesMember2022-06-300000726865us-gaap:FairValueMeasurementsRecurringMemberus-gaap:OtherInvestmentsMember2022-06-300000726865us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgagesMember2022-06-300000726865us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ForeignGovernmentDebtSecuritiesMember2022-06-300000726865us-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMember2022-06-300000726865us-gaap:FairValueMeasurementsRecurringMemberus-gaap:DerivativeFinancialInstrumentsAssetsMember2022-06-300000726865us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateBondSecuritiesMember2022-06-300000726865us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialMortgageBackedSecuritiesMember2022-06-300000726865us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CashAndCashEquivalentsMember2022-06-300000726865us-gaap:FairValueMeasurementsRecurringMemberus-gaap:AssetBackedSecuritiesMember2022-06-300000726865us-gaap:FairValueMeasurementsRecurringMembercik0000726865:SeperateAccountAssetsMember2022-06-300000726865us-gaap:FairValueMeasurementsRecurringMembercik0000726865:ReinsuranceRelatedEmbeddedDerivativesMember2022-06-300000726865us-gaap:FairValueMeasurementsRecurringMembercik0000726865:LprCededDerivativeMember2022-06-300000726865us-gaap:FairValueMeasurementsRecurringMembercik0000726865:IndexedAnnuityCededEmbeddedDerivativesMember2022-06-300000726865us-gaap:FairValueMeasurementsRecurringMembercik0000726865:HybridAndRedeemablePreferredSecuritiesMember2022-06-300000726865us-gaap:FairValueMeasurementsRecurringMembercik0000726865:GlbDirectEmbeddedDerivativesMember2022-06-300000726865us-gaap:FairValueMeasurementsRecurringMembercik0000726865:GLBCededEmbeddedDerivativesMember2022-06-300000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2022-06-300000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2022-06-300000726865us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2022-06-300000726865us-gaap:FairValueMeasurementsRecurringMember2022-06-300000726865us-gaap:FairValueMeasurementsNonrecurringMember2022-06-300000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:TradingAssetsExcludingDebtAndEquitySecuritiesMember2021-12-310000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialMortgageBackedSecuritiesMember2021-12-310000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgagesMember2021-12-310000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ForeignGovernmentDebtSecuritiesMember2021-12-310000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMember2021-12-310000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:DerivativeFinancialInstrumentsAssetsMember2021-12-310000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateBondSecuritiesMember2021-12-310000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:AssetBackedSecuritiesMember2021-12-310000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembercik0000726865:LprCededDerivativeMember2021-12-310000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembercik0000726865:IndexedAnnuityCededEmbeddedDerivativesMember2021-12-310000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembercik0000726865:HybridAndRedeemablePreferredSecuritiesMember2021-12-310000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembercik0000726865:GlbDirectEmbeddedDerivativesMember2021-12-310000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembercik0000726865:GLBCededEmbeddedDerivativesMember2021-12-310000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2021-12-310000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentDebtSecuritiesMember2021-12-310000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:TradingAssetsExcludingDebtAndEquitySecuritiesMember2021-12-310000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialMortgageBackedSecuritiesMember2021-12-310000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:OtherInvestmentsMember2021-12-310000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ForeignGovernmentDebtSecuritiesMember2021-12-310000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMember2021-12-310000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:DerivativeFinancialInstrumentsAssetsMember2021-12-310000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateBondSecuritiesMember2021-12-310000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialMortgageBackedSecuritiesMember2021-12-310000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CashAndCashEquivalentsMember2021-12-310000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:AssetBackedSecuritiesMember2021-12-310000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMembercik0000726865:SeperateAccountAssetsMember2021-12-310000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMembercik0000726865:HybridAndRedeemablePreferredSecuritiesMember2021-12-310000726865us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentDebtSecuritiesMember2021-12-310000726865us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:TradingAssetsExcludingDebtAndEquitySecuritiesMember2021-12-310000726865us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMember2021-12-310000726865us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMembercik0000726865:SeperateAccountAssetsMember2021-12-310000726865us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMembercik0000726865:HybridAndRedeemablePreferredSecuritiesMember2021-12-310000726865us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2021-12-310000726865us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentDebtSecuritiesMember2021-12-310000726865us-gaap:FairValueMeasurementsRecurringMemberus-gaap:TradingAssetsExcludingDebtAndEquitySecuritiesMember2021-12-310000726865us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialMortgageBackedSecuritiesMember2021-12-310000726865us-gaap:FairValueMeasurementsRecurringMemberus-gaap:OtherInvestmentsMember2021-12-310000726865us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgagesMember2021-12-310000726865us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ForeignGovernmentDebtSecuritiesMember2021-12-310000726865us-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMember2021-12-310000726865us-gaap:FairValueMeasurementsRecurringMemberus-gaap:DerivativeFinancialInstrumentsAssetsMember2021-12-310000726865us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateBondSecuritiesMember2021-12-310000726865us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialMortgageBackedSecuritiesMember2021-12-310000726865us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CashAndCashEquivalentsMember2021-12-310000726865us-gaap:FairValueMeasurementsRecurringMemberus-gaap:AssetBackedSecuritiesMember2021-12-310000726865us-gaap:FairValueMeasurementsRecurringMembercik0000726865:SeperateAccountAssetsMember2021-12-310000726865us-gaap:FairValueMeasurementsRecurringMembercik0000726865:LprCededDerivativeMember2021-12-310000726865us-gaap:FairValueMeasurementsRecurringMembercik0000726865:IndexedAnnuityCededEmbeddedDerivativesMember2021-12-310000726865us-gaap:FairValueMeasurementsRecurringMembercik0000726865:HybridAndRedeemablePreferredSecuritiesMember2021-12-310000726865us-gaap:FairValueMeasurementsRecurringMembercik0000726865:GlbDirectEmbeddedDerivativesMember2021-12-310000726865us-gaap:FairValueMeasurementsRecurringMembercik0000726865:GLBCededEmbeddedDerivativesMember2021-12-310000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000726865us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000726865us-gaap:FairValueMeasurementsRecurringMember2021-12-310000726865us-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000726865cik0000726865:UnrealizedGainLossOnDerivativeInstrumentsMember2022-06-300000726865cik0000726865:UnrealizedGainLossOnDerivativeInstrumentsMember2021-12-310000726865cik0000726865:UnrealizedGainLossOnDerivativeInstrumentsMember2021-06-300000726865cik0000726865:UnrealizedGainLossOnDerivativeInstrumentsMember2020-12-3100007268652022-08-080000726865us-gaap:CommonStockMember2022-04-012022-06-300000726865us-gaap:CommonStockMember2022-01-012022-06-300000726865us-gaap:CommonStockMember2021-01-012021-06-300000726865us-gaap:CommodityMember2022-06-300000726865us-gaap:CreditRiskContractMember2022-06-300000726865us-gaap:InterestRateContractMember2022-06-300000726865us-gaap:ForeignExchangeContractMember2022-06-300000726865us-gaap:EquityContractMember2022-06-300000726865us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2022-01-012022-06-300000726865us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2021-01-012021-06-300000726865us-gaap:MortgagesMember2022-04-012022-06-300000726865us-gaap:MortgagesMember2022-01-012022-06-300000726865us-gaap:MortgagesMember2021-04-012021-06-300000726865us-gaap:MortgagesMember2021-01-012021-06-300000726865us-gaap:UnfundedLoanCommitmentMember2022-04-012022-06-300000726865us-gaap:ResidentialPortfolioSegmentMember2022-04-012022-06-300000726865us-gaap:UnfundedLoanCommitmentMember2022-01-012022-06-300000726865us-gaap:ResidentialPortfolioSegmentMember2022-01-012022-06-300000726865us-gaap:UnfundedLoanCommitmentMember2021-04-012021-06-300000726865us-gaap:ResidentialPortfolioSegmentMember2021-04-012021-06-300000726865us-gaap:UnfundedLoanCommitmentMember2021-01-012021-06-300000726865us-gaap:ResidentialPortfolioSegmentMember2021-01-012021-06-300000726865us-gaap:EstimateOfFairValueFairValueDisclosureMembercik0000726865:LprCededDerivativeMember2022-06-300000726865us-gaap:EstimateOfFairValueFairValueDisclosureMembercik0000726865:GlbDirectEmbeddedDerivativesMember2022-06-300000726865us-gaap:EstimateOfFairValueFairValueDisclosureMembercik0000726865:GLBCededEmbeddedDerivativesMember2022-06-300000726865us-gaap:CarryingReportedAmountFairValueDisclosureMembercik0000726865:LprCededDerivativeMember2022-06-300000726865us-gaap:CarryingReportedAmountFairValueDisclosureMembercik0000726865:GlbDirectEmbeddedDerivativesMember2022-06-300000726865us-gaap:CarryingReportedAmountFairValueDisclosureMembercik0000726865:GLBCededEmbeddedDerivativesMember2022-06-300000726865us-gaap:EstimateOfFairValueFairValueDisclosureMembercik0000726865:LprCededDerivativeMember2021-12-310000726865us-gaap:EstimateOfFairValueFairValueDisclosureMembercik0000726865:GlbDirectEmbeddedDerivativesMember2021-12-310000726865us-gaap:EstimateOfFairValueFairValueDisclosureMembercik0000726865:GLBCededEmbeddedDerivativesMember2021-12-310000726865us-gaap:CarryingReportedAmountFairValueDisclosureMembercik0000726865:LprCededDerivativeMember2021-12-310000726865us-gaap:CarryingReportedAmountFairValueDisclosureMembercik0000726865:GlbDirectEmbeddedDerivativesMember2021-12-310000726865us-gaap:CarryingReportedAmountFairValueDisclosureMembercik0000726865:GLBCededEmbeddedDerivativesMember2021-12-310000726865us-gaap:ResidentialPortfolioSegmentMember2022-06-300000726865us-gaap:CommercialRealEstatePortfolioSegmentMember2022-06-300000726865us-gaap:ResidentialPortfolioSegmentMember2021-12-310000726865us-gaap:CommercialRealEstatePortfolioSegmentMember2021-12-310000726865cik0000726865:MinimumReturnMember2022-06-300000726865cik0000726865:MinimumReturnMember2021-12-310000726865us-gaap:EstimateOfFairValueFairValueDisclosureMember2022-06-300000726865us-gaap:CarryingReportedAmountFairValueDisclosureMember2022-06-300000726865us-gaap:EstimateOfFairValueFairValueDisclosureMember2021-12-310000726865us-gaap:CarryingReportedAmountFairValueDisclosureMember2021-12-310000726865us-gaap:ResidentialPortfolioSegmentMemberus-gaap:MortgagesMember2022-06-300000726865us-gaap:ResidentialPortfolioSegmentMemberus-gaap:MortgagesMember2021-12-310000726865us-gaap:TradingAssetsExcludingDebtAndEquitySecuritiesMember2022-04-012022-06-300000726865us-gaap:MortgagesMember2022-04-012022-06-300000726865us-gaap:EquitySecuritiesMember2022-04-012022-06-300000726865us-gaap:AssetBackedSecuritiesMember2022-04-012022-06-300000726865cik0000726865:IndexedAnnuityContractsMember2022-04-012022-06-300000726865cik0000726865:IndexedAnnuityCededEmbeddedDerivativesMember2022-04-012022-06-300000726865us-gaap:TradingAssetsExcludingDebtAndEquitySecuritiesMember2022-01-012022-06-300000726865us-gaap:MortgagesMember2022-01-012022-06-300000726865us-gaap:EquitySecuritiesMember2022-01-012022-06-300000726865us-gaap:CommercialMortgageBackedSecuritiesMember2022-01-012022-06-300000726865cik0000726865:IndexedAnnuityContractsMember2022-01-012022-06-300000726865cik0000726865:IndexedAnnuityCededEmbeddedDerivativesMember2022-01-012022-06-300000726865us-gaap:TradingAssetsExcludingDebtAndEquitySecuritiesMember2021-04-012021-06-300000726865us-gaap:ForeignGovernmentDebtSecuritiesMember2021-04-012021-06-300000726865us-gaap:EquitySecuritiesMember2021-04-012021-06-300000726865us-gaap:CommercialMortgageBackedSecuritiesMember2021-04-012021-06-300000726865us-gaap:AssetBackedSecuritiesMember2021-04-012021-06-300000726865cik0000726865:HybridAndRedeemablePreferredSecuritiesMember2021-04-012021-06-300000726865us-gaap:TradingAssetsExcludingDebtAndEquitySecuritiesMember2021-01-012021-06-300000726865us-gaap:ForeignGovernmentDebtSecuritiesMember2021-01-012021-06-300000726865us-gaap:EquitySecuritiesMember2021-01-012021-06-300000726865us-gaap:CommercialMortgageBackedSecuritiesMember2021-01-012021-06-300000726865us-gaap:AssetBackedSecuritiesMember2021-01-012021-06-300000726865cik0000726865:IndexedAnnuityContractsMember2021-01-012021-06-300000726865cik0000726865:IndexedAnnuityCededEmbeddedDerivativesMember2021-01-012021-06-300000726865cik0000726865:HybridAndRedeemablePreferredSecuritiesMember2021-01-012021-06-300000726865us-gaap:MortgagesMember2021-04-012021-06-300000726865us-gaap:USGovernmentDebtSecuritiesMember2021-01-012021-06-300000726865us-gaap:MortgagesMember2021-01-012021-06-300000726865us-gaap:DerivativeFinancialInstrumentsAssetsMember2021-01-012021-06-300000726865us-gaap:InterestRateContractMemberus-gaap:CashFlowHedgingMembercik0000726865:UnrealizedGainLossOnDerivativeInstrumentsMember2022-01-012022-06-300000726865us-gaap:ForeignExchangeContractMemberus-gaap:CashFlowHedgingMembercik0000726865:UnrealizedGainLossOnDerivativeInstrumentsMember2022-01-012022-06-300000726865us-gaap:InterestRateContractMemberus-gaap:CashFlowHedgingMembercik0000726865:UnrealizedGainLossOnDerivativeInstrumentsMember2021-01-012021-06-300000726865us-gaap:ForeignExchangeContractMemberus-gaap:CashFlowHedgingMembercik0000726865:UnrealizedGainLossOnDerivativeInstrumentsMember2021-01-012021-06-300000726865us-gaap:InterestRateContractMemberus-gaap:CashFlowHedgingMembercik0000726865:NetInvestmentIncomeMembercik0000726865:UnrealizedGainLossOnDerivativeInstrumentsMember2022-01-012022-06-300000726865us-gaap:ForeignExchangeContractMemberus-gaap:CashFlowHedgingMembercik0000726865:RealizedGainLossMembercik0000726865:UnrealizedGainLossOnDerivativeInstrumentsMember2022-01-012022-06-300000726865us-gaap:ForeignExchangeContractMemberus-gaap:CashFlowHedgingMembercik0000726865:NetInvestmentIncomeMembercik0000726865:UnrealizedGainLossOnDerivativeInstrumentsMember2022-01-012022-06-300000726865us-gaap:InterestRateContractMemberus-gaap:CashFlowHedgingMembercik0000726865:NetInvestmentIncomeMembercik0000726865:UnrealizedGainLossOnDerivativeInstrumentsMember2021-01-012021-06-300000726865us-gaap:ForeignExchangeContractMemberus-gaap:CashFlowHedgingMembercik0000726865:RealizedGainLossMembercik0000726865:UnrealizedGainLossOnDerivativeInstrumentsMember2021-01-012021-06-300000726865us-gaap:ForeignExchangeContractMemberus-gaap:CashFlowHedgingMembercik0000726865:NetInvestmentIncomeMembercik0000726865:UnrealizedGainLossOnDerivativeInstrumentsMember2021-01-012021-06-300000726865us-gaap:CommercialRealEstatePortfolioSegmentMembercik0000726865:LoanToValueRatioSeventySixToOneHundredMember2022-06-300000726865us-gaap:CommercialRealEstatePortfolioSegmentMembercik0000726865:LoanToValueRatioSeventySixToOneHundredMember2021-12-310000726865us-gaap:CommercialRealEstatePortfolioSegmentMembercik0000726865:LoanToValueRatioSixtyFiveToSeventyFiveMember2022-06-300000726865us-gaap:CommercialRealEstatePortfolioSegmentMembercik0000726865:LoanToValueRatioLessThanSixtyFiveMember2022-06-300000726865us-gaap:CommercialRealEstatePortfolioSegmentMembercik0000726865:LoanToValueRatioSixtyFiveToSeventyFiveMember2021-12-310000726865us-gaap:CommercialRealEstatePortfolioSegmentMembercik0000726865:LoanToValueRatioLessThanSixtyFiveMember2021-12-310000726865srt:WeightedAverageMemberus-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FixedMaturitiesMembercik0000726865:MeasurementInputLiquidityDurationAdjustmentMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865srt:WeightedAverageMemberus-gaap:CorporateBondSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FixedMaturitiesMembercik0000726865:MeasurementInputLiquidityDurationAdjustmentMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865srt:WeightedAverageMemberus-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FixedMaturitiesMembercik0000726865:MeasurementInputLiquidityDurationAdjustmentMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865srt:WeightedAverageMembercik0000726865:HybridAndRedeemablePreferredSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FixedMaturitiesMembercik0000726865:MeasurementInputLiquidityDurationAdjustmentMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865srt:MinimumMemberus-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FixedMaturitiesMembercik0000726865:MeasurementInputLiquidityDurationAdjustmentMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865srt:MinimumMemberus-gaap:CorporateBondSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FixedMaturitiesMembercik0000726865:MeasurementInputLiquidityDurationAdjustmentMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865srt:MinimumMemberus-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FixedMaturitiesMembercik0000726865:MeasurementInputLiquidityDurationAdjustmentMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865srt:MinimumMembercik0000726865:HybridAndRedeemablePreferredSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FixedMaturitiesMembercik0000726865:MeasurementInputLiquidityDurationAdjustmentMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865srt:MaximumMemberus-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FixedMaturitiesMembercik0000726865:MeasurementInputLiquidityDurationAdjustmentMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865srt:MaximumMemberus-gaap:CorporateBondSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FixedMaturitiesMembercik0000726865:MeasurementInputLiquidityDurationAdjustmentMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865srt:MaximumMemberus-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FixedMaturitiesMembercik0000726865:MeasurementInputLiquidityDurationAdjustmentMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865srt:MaximumMembercik0000726865:HybridAndRedeemablePreferredSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FixedMaturitiesMembercik0000726865:MeasurementInputLiquidityDurationAdjustmentMemberus-gaap:IncomeApproachValuationTechniqueMember2022-06-300000726865us-gaap:ResidentialMortgageBackedSecuritiesMember2022-04-012022-06-300000726865us-gaap:CorporateBondSecuritiesMember2022-04-012022-06-300000726865us-gaap:ResidentialMortgageBackedSecuritiesMember2022-01-012022-06-300000726865us-gaap:CorporateBondSecuritiesMember2022-01-012022-06-300000726865us-gaap:AssetBackedSecuritiesMember2022-01-012022-06-300000726865us-gaap:CorporateBondSecuritiesMember2021-04-012021-06-300000726865us-gaap:CorporateBondSecuritiesMember2021-01-012021-06-300000726865us-gaap:CreditDefaultSwapSellingProtectionMember2022-06-3000007268652021-12-3100007268652022-06-300000726865srt:MinimumMember2022-01-012022-06-300000726865srt:MaximumMember2022-01-012022-06-300000726865srt:MinimumMember2022-06-300000726865srt:MaximumMember2022-06-300000726865us-gaap:CommercialRealEstatePortfolioSegmentMember2022-04-012022-06-300000726865us-gaap:CommercialRealEstatePortfolioSegmentMember2022-01-012022-06-300000726865us-gaap:CommercialRealEstatePortfolioSegmentMember2021-04-012021-06-300000726865us-gaap:CommercialRealEstatePortfolioSegmentMember2021-01-012021-06-300000726865cik0000726865:FairValueDeclineGreaterThanTwentyPercentMember2021-12-310000726865cik0000726865:FairValueDeclineGreaterThanTwentyPercentMember2022-06-300000726865cik0000726865:UnrealizedGainLossOnDerivativeInstrumentsMember2022-01-012022-06-300000726865cik0000726865:UnrealizedGainLossOnDerivativeInstrumentsMember2021-01-012021-06-300000726865us-gaap:DesignatedAsHedgingInstrumentMembercik0000726865:RealizedGainLossMember2022-04-012022-06-300000726865us-gaap:DesignatedAsHedgingInstrumentMembercik0000726865:NetInvestmentIncomeMember2022-04-012022-06-300000726865us-gaap:DesignatedAsHedgingInstrumentMembercik0000726865:BenefitsExpenseMember2022-04-012022-06-300000726865cik0000726865:RealizedGainLossMember2022-01-012022-06-300000726865cik0000726865:NetInvestmentIncomeMember2022-01-012022-06-300000726865cik0000726865:BenefitsExpenseMember2022-01-012022-06-300000726865us-gaap:DesignatedAsHedgingInstrumentMembercik0000726865:RealizedGainLossMember2021-04-012021-06-300000726865us-gaap:DesignatedAsHedgingInstrumentMembercik0000726865:NetInvestmentIncomeMember2021-04-012021-06-300000726865us-gaap:DesignatedAsHedgingInstrumentMembercik0000726865:BenefitsExpenseMember2021-04-012021-06-300000726865cik0000726865:RealizedGainLossMember2021-01-012021-06-300000726865cik0000726865:NetInvestmentIncomeMember2021-01-012021-06-300000726865cik0000726865:BenefitsExpenseMember2021-01-012021-06-300000726865us-gaap:CorporateBondSecuritiesMember2022-06-300000726865us-gaap:CorporateBondSecuritiesMember2021-12-310000726865us-gaap:FixedMaturitiesMember2022-06-300000726865us-gaap:FixedMaturitiesMember2021-12-3100007268652022-04-012022-06-3000007268652021-04-012021-06-3000007268652021-01-012021-06-3000007268652021-01-012021-12-3100007268652022-01-012022-06-30xbrli:sharescik0000726865:loancik0000726865:itemcik0000726865:securityiso4217:USDxbrli:pure

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

_________________

FORM 10-Q

_______________

(Mark One)

Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the quarterly period ended June 30, 2022

OR

Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the transition period from ____________ to____________

 

Commission File Number: 000-55871  

_________________

THE LINCOLN NATIONAL LIFE INSURANCE COMPANY

(Exact name of registrant as specified in its charter)

_________________

                Indiana

35-0472300

(State or other jurisdiction of incorporation or organization)

(I.R.S. Employer Identification No.)

1301 South Harrison Street, Fort Wayne, Indiana

46802

(Address of principal executive offices)

(Zip Code)

(260) 455-2000

(Registrant’s telephone number, including area code)

_________________

Securities registered pursuant to Section 12(b) of the Act: None

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes      No  

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes      No  

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large Accelerated Filer

Accelerated Filer

Non-accelerated Filer

Smaller Reporting Company

Emerging Growth Company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section13(a) of the Exchange Act. ¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes      No  

As of August 8, 2022, 10,000,000 shares of common stock of the registrant ($2.50 par value) were outstanding, all of which were directly owned by Lincoln National Corporation.

THE REGISTRANT MEETS THE CONDITIONS SET FORTH IN GENERAL INSTRUCTIONS H(1)(a) AND (b) OF

FORM 10-Q AND IS THEREFORE FILING THIS FORM 10-Q WITH THE REDUCED DISCLOSURE FORMAT.


The Lincoln National Life Insurance Company

 

Table of Contents

Page

PART I

Item 1.

Financial Statements:

Consolidated Balance Sheets as of June 30, 2022 (Unaudited) and December 31, 2021

1

Unaudited Consolidated Statements of Comprehensive Income (Loss) for the three and six months ended

June 30, 2022 and 2021

2

Unaudited Consolidated Statements of Stockholder’s Equity for the three and six months ended

June 30, 2022 and 2021

3

Unaudited Consolidated Statements of Cash Flows for the six months ended June 30, 2022 and 2021

4

Notes to Unaudited Consolidated Financial Statements:

Note 1 – Nature of Operations and Basis of Presentation

5

Note 2 – New Accounting Standards

6

Note 3 – Variable Interest Entities

8

Note 4 – Investments

9

Note 5 – Derivatives

19

Note 6 – Federal Income Taxes

29

Note 7 – Guaranteed Benefit Features

30

Note 8 – Liability for Unpaid Claims

31

Note 9 – Contingencies and Commitments

31

Note 10 – Shares and Stockholder’s Equity

34

Note 11 – Realized Gain (Loss)

36

Note 12 – Fair Value of Financial Instruments

37

Note 13 – Segment Information

51

Item 2.

Management’s Narrative Analysis of the Results of Operations

53

Item 3.

Quantitative and Qualitative Disclosures About Market Risk

67

Item 4.

Controls and Procedures

67

PART II

Item 1.

Legal Proceedings

68

Item 1A.

Risk Factors

68

Item 2.

Unregistered Sales of Equity Securities and Use of Proceeds

68

Item 6.

Exhibits

68

Exhibit Index for the Report on Form 10-Q

69

Signatures

70


 Table of Contents

 

PART I – FINANCIAL INFORMATION

Item 1. Financial Statements

THE LINCOLN NATIONAL LIFE INSURANCE COMPANY

CONSOLIDATED BALANCE SHEETS

(in millions, except share data)

As of

As of

June 30,

December 31,

2022

2021

(Unaudited)

ASSETS

Investments:

Fixed maturity available-for-sale securities, at fair value

(amortized cost: 2022 - $109,019; 2021 - $104,526; allowance for credit losses: 2022 - $12; 2021 - $19)

$

103,002

$

117,511

Trading securities

3,778

4,427

Equity securities

345

314

Mortgage loans on real estate, net of allowance for credit losses

(portion at fair value: 2022 - $528; 2021 - $739)

17,830

17,893

Policy loans

2,355

2,349

Derivative investments

3,370

5,437

Other investments

3,758

3,449

Total investments

134,438

151,380

Cash and invested cash

1,277

2,331

Deferred acquisition costs and value of business acquired

11,832

5,985

Premiums and fees receivable

651

580

Accrued investment income

1,196

1,157

Reinsurance recoverables, net of allowance for credit losses

23,554

22,755

Funds withheld reinsurance assets

506

517

Goodwill

1,778

1,778

Other assets

19,412

22,949

Separate account assets

145,791

182,583

Total assets

$

340,435

$

392,015

LIABILITIES AND STOCKHOLDER’S EQUITY

Liabilities

Future contract benefits

$

38,735

$

40,416

Other contract holder funds

114,634

111,174

Short-term debt

698

1,084

Long-term debt

2,267

2,334

Reinsurance-related embedded derivatives

-

578

Funds withheld reinsurance liabilities

6,433

7,089

Payables for collateral on investments

7,525

8,936

Other liabilities

11,725

15,441

Separate account liabilities

145,791

182,583

Total liabilities

327,808

369,635

Contingencies and Commitments (See Note 9)

 

 

Stockholder’s Equity

Common stock – 10,000,000 shares authorized, issued and outstanding

12,020

11,950

Retained earnings

4,506

3,886

Accumulated other comprehensive income (loss)

(3,899

)

6,544

Total stockholder’s equity

12,627

22,380

Total liabilities and stockholder’s equity

$

340,435

$

392,015


See accompanying Notes to Consolidated Financial Statements

1


 Table of Contents

 

THE LINCOLN NATIONAL LIFE INSURANCE COMPANY

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

(Unaudited, in millions)

For the Three

For the Six

Months Ended

Months Ended

June 30,

June 30,

2022

2021

2022

2021

Revenues

Insurance premiums

$

1,436

$

1,328

$

2,842

$

2,658

Fee income

1,446

1,600

2,949

3,124

Net investment income

1,309

1,510

2,661

2,957

Realized gain (loss)

82

(172

)

347

39

Amortization of deferred gain (loss) on business sold through reinsurance

18

7

35

14

Other revenues

163

162

316

332

Total revenues

4,454

4,435

9,150