---
schema_version: "secwatch.filing_event.v1"
accession: "0000059558-23-000004"
form_type: "8-K"
ticker: "LNC"
cik: "0000059558"
company_name: "LINCOLN NATIONAL CORP"
filed_at: "2023-02-08T23:59:59+00:00"
generated_at: "2026-06-19T22:06:59.861386+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Lincoln National Q4 net income $6M, adjusted EPS $0.97; full-year net loss $(2.2)B

## Summary
- Q4 net income per diluted share $0.01 vs $1.20 in prior year; adjusted operating EPS $0.97 vs $1.56.
- Full-year net loss $(2.2)B ($13.10 per share); adjusted operating loss $(880)M ($5.22 per share).
- Notable items: Q4 includes $0.68/sh unfavorable legal expenses; full year includes $12.21/sh net unfavorable items from DAC/reserve review.
- Book value per share ex-AOCI fell to $63.73 from $78.05 a year ago; share buyback of 8.7M shares for $550M.
- Segment: Life Insurance income down 42% to $46M; Group Protection loss ratio improved to 79% from 96%.

## SEC filing metadata
- accession: 0000059558-23-000004
- form_type: 8-K
- ticker: LNC
- cik: 0000059558
- company_name: LINCOLN NATIONAL CORP
- filed_at: 2023-02-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/59558/000005955823000004/0000059558-23-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/59558/000005955823000004/lnc-20230208x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000059558-23-000004
- JSON: https://secwatch.observer/filing/0000059558-23-000004.json
- Plain text: https://secwatch.observer/filing/0000059558-23-000004.txt

## Key facts
- Earnings Releases
  LINCOLN NATIONAL CORP reported financial results for the quarter and full year ended December 31, 2022.
  - Period: the quarter and full year ended December 31, 2022
  - Result: reported results
  source text: On February 8, 2023, Lincoln National Corporation (the “Company”) issued a press release announcing its financial results for the quarter and full year ended December 31, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/59558/000005955823000004/0000059558-23-000004-index.htm

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