secwatch.observer — SEC 8-K summary
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Issuer:     LINCOLN NATIONAL CORP (LNC)
CIK:        0000059558
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0000059558-23-000045
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/59558/000005955823000045/0000059558-23-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/59558/000005955823000045/lnc-20230802x8k.htm
  HTML page:      https://secwatch.observer/filing/0000059558-23-000045

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