secwatch.observer — SEC 8-K summary
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Issuer:     LINCOLN NATIONAL CORP (LNC)
CIK:        0000059558
Form:       8-K
Filed at:   2023-02-08T23:59:59+00:00
Accession:  0000059558-23-000004
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/59558/000005955823000004/0000059558-23-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/59558/000005955823000004/lnc-20230208x8k.htm
  HTML page:      https://secwatch.observer/filing/0000059558-23-000004

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