---
schema_version: "secwatch.filing_event.v1"
accession: "0000059558-23-000045"
form_type: "8-K"
ticker: "LNC"
cik: "0000059558"
company_name: "LINCOLN NATIONAL CORP"
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T15:20:52.392719+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Lincoln Q2 net income $502M ($2.94 EPS); adjusted ops $343M ($2.02); group protection improves

## Summary
- Q2 2023 net income available to common $502M ($2.94/diluted) vs $833M ($4.83) YoY.
- Adjusted ops income $343M ($2.02/diluted) vs $367M ($2.13) YoY.
- Annuities income $271M (-8% YoY); Life Insurance $33M (down from $63M); Group Protection $109M (up from $49M).
- Recognized $493M impairment on fixed maturity AFS securities due to intent to sell as part of Fortitude Re reinsurance transaction.
- Net unrealized loss on AFS securities $10.4B pre-tax vs $6.3B a year ago.

## SEC filing metadata
- accession: 0000059558-23-000045
- form_type: 8-K
- ticker: LNC
- cik: 0000059558
- company_name: LINCOLN NATIONAL CORP
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/59558/000005955823000045/0000059558-23-000045-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/59558/000005955823000045/lnc-20230802x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000059558-23-000045
- JSON: https://secwatch.observer/filing/0000059558-23-000045.json
- Plain text: https://secwatch.observer/filing/0000059558-23-000045.txt

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