secwatch.observer — SEC 8-K summary
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Issuer:     LINCOLN NATIONAL CORP (LNC)
CIK:        0000059558
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0000059558-23-000056
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/59558/000005955823000056/0000059558-23-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/59558/000005955823000056/lnc-20231101x8k.htm
  HTML page:      https://secwatch.observer/filing/0000059558-23-000056

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