---
schema_version: "secwatch.filing_event.v1"
accession: "0000059558-22-000041"
form_type: "8-K"
ticker: "LNC"
cik: "0000059558"
company_name: "LINCOLN NATIONAL CORP"
filed_at: "2022-11-02T23:59:59+00:00"
generated_at: "2026-06-22T15:50:01.447190+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Lincoln National posts Q3 net loss of $2.6B; $15.17 EPS loss on $634M goodwill impairment and $2.0B DAC charge

## Summary
- Net loss of $2.6B ($15.17 diluted EPS); adjusted operating loss of $1.7B ($10.23 per share).
- Includes $634M goodwill impairment and $2.0B net unfavorable notable items from annual assumption review, primarily guaranteed universal life.
- Estimated $550M statutory capital impact, 22-point RBC decline; dividend maintained at $0.45/share payable Feb 1, 2023.
- Life Insurance segment lost $2.2B from operations; Annuities income up 33% to $449M; Group Protection swung to $37M profit.
- Book value per share (ex AOCI) fell 17% to $64.09; average diluted share count down 10% YoY from repurchases.

## SEC filing metadata
- accession: 0000059558-22-000041
- form_type: 8-K
- ticker: LNC
- cik: 0000059558
- company_name: LINCOLN NATIONAL CORP
- filed_at: 2022-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/59558/000005955822000041/0000059558-22-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/59558/000005955822000041/lnc-20221102x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000059558-22-000041
- JSON: https://secwatch.observer/filing/0000059558-22-000041.json
- Plain text: https://secwatch.observer/filing/0000059558-22-000041.txt

## Key facts
- Earnings Releases
  LINCOLN NATIONAL CORP reported quarter ended September 30, 2022 results: net income Net loss per share of $(15.17), EPS $(15.17) per diluted share available to common stockholders.
  - Period: quarter ended September 30, 2022
  - Net income: Net loss per share of $(15.17)
  - EPS: $(15.17) per diluted share available to common stockholders
  - Result: reported results
  source text: Lincoln Financial Group reports THIRD Quarter 2022 Results
  evidence_url: https://www.sec.gov/Archives/edgar/data/59558/000005955822000041/0000059558-22-000041-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.