secwatch.observer — SEC 8-K summary
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Issuer:     LINCOLN NATIONAL CORP (LNC)
CIK:        0000059558
Form:       8-K
Filed at:   2024-02-08T23:59:59+00:00
Accession:  0000059558-24-000005
Event type: earnings
Sentiment:  negative
Materiality: 0.90
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/59558/000005955824000005/0000059558-24-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/59558/000005955824000005/lnc8kshelllegal.htm
  HTML page:      https://secwatch.observer/filing/0000059558-24-000005

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