secwatch.observer — SEC 8-K summary
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Issuer:     LINCOLN NATIONAL CORP (LNC)
CIK:        0000059558
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0000059558-22-000041
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/59558/000005955822000041/0000059558-22-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/59558/000005955822000041/lnc-20221102x8k.htm
  HTML page:      https://secwatch.observer/filing/0000059558-22-000041

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