---
schema_version: "secwatch.filing_event.v1"
accession: "0000059558-23-000056"
form_type: "8-K"
ticker: "LNC"
cik: "0000059558"
company_name: "LINCOLN NATIONAL CORP"
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T03:30:09.206308+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Lincoln Financial Q3 adjusted EPS $0.23; net income $4.79 on hedging gains; expenses up

## Summary
- Net income available to common $819M ($4.79/diluted) vs net loss $1.8B a year ago; adjusted operating income $39M ($0.23).
- Adjusted results include $0.84/share unfavorable from annual reserve review, $0.41/share from alternative investments, unclaimed property, surrender program, and legal accruals.
- Segment: Annuities income $248M (-10% YoY); Life Insurance loss $173M; Group Protection income $68M (up from $12M); Retirement Plan Services income $43M (-9%).
- Annuities sales $2.7B (-16% YoY, +6% sequentially); Life sales $144M (-16% YoY, +17% sequentially); Group Protection premiums $1.3B (+4%).
- Estimated RBC ratio 375-385%; holding co liquidity $455M; progress on Fortitude Re close; BVPS ex-AOCI $63.03 (+10% YoY).

## SEC filing metadata
- accession: 0000059558-23-000056
- form_type: 8-K
- ticker: LNC
- cik: 0000059558
- company_name: LINCOLN NATIONAL CORP
- filed_at: 2023-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/59558/000005955823000056/0000059558-23-000056-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/59558/000005955823000056/lnc-20231101x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000059558-23-000056
- JSON: https://secwatch.observer/filing/0000059558-23-000056.json
- Plain text: https://secwatch.observer/filing/0000059558-23-000056.txt

## Key facts
- Earnings Releases
  LINCOLN NATIONAL CORP reported financial results for the quarter ended September 30, 2023.
  - Period: the quarter ended September 30, 2023
  - Result: reported results
  source text: On November 1, 2023, Lincoln National Corporation (the “Company”) issued a press release announcing its financial results for the quarter ended September 30, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/59558/000005955823000056/0000059558-23-000056-index.htm

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