---
schema_version: "secwatch.filing_event.v1"
accession: "0000059558-24-000005"
form_type: "8-K"
ticker: "LNC"
cik: "0000059558"
company_name: "LINCOLN NATIONAL CORP"
filed_at: "2024-02-08T23:59:59+00:00"
generated_at: "2026-06-06T06:01:31.649820+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Lincoln National Q4 net loss $1.2B / $7.35 EPS; adj op income $246M; RBC ratio 400-410%

## Summary
- Net loss available to common stockholders $(1.2B) ($7.35/diluted share); adjusted operating income $246M ($1.45/share).
- Year-end RBC ratio expected 400-410%, up from 375-385% at Q3 2023, above 400% target.
- Record annuity sales $4.4B in Q4 (+36% YoY); Group Protection full-year margin 5.5% (ex-assumption review), up 400+ bps.
- Closed Fortitude Re reinsurance transaction; announced sale of wealth management business to Osaic with at least $700M capital benefit expected H1 2024.
- Life Insurance sales down 23% YoY from strategic shift; Retirement Plan Services net outflows $332M in Q4.

## SEC filing metadata
- accession: 0000059558-24-000005
- form_type: 8-K
- ticker: LNC
- cik: 0000059558
- company_name: LINCOLN NATIONAL CORP
- filed_at: 2024-02-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/59558/000005955824000005/0000059558-24-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/59558/000005955824000005/lnc8kshelllegal.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000059558-24-000005
- JSON: https://secwatch.observer/filing/0000059558-24-000005.json
- Plain text: https://secwatch.observer/filing/0000059558-24-000005.txt

## Key facts
- Earnings Releases
  LINCOLN NATIONAL CORP reported the fourth quarter ended December 31, 2023 results: net income $(1.2) billion, or $(7.35) per diluted share, EPS $(7.35) per diluted share.
  - Period: the fourth quarter ended December 31, 2023
  - Net income: $(1.2) billion, or $(7.35) per diluted share
  - EPS: $(7.35) per diluted share
  - Result: reported results
  source text: Net loss available to common stockholders was $(1.2) billion, or $(7.35) per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/59558/000005955824000005/0000059558-24-000005-index.htm
- Earnings Releases
  LINCOLN NATIONAL CORP reported financial results for the full year ended December 31, 2023.
  - Period: the full year ended December 31, 2023
  - Result: reported results
  source text: Lincoln National Corporation (the “Company”) issued a press release announcing its financial results for the quarter and full year ended December 31, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/59558/000005955824000005/0000059558-24-000005-index.htm

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