---
schema_version: "secwatch.filing_event.v1"
accession: "0000059558-24-000022"
form_type: "8-K"
ticker: "LNC"
cik: "0000059558"
company_name: "LINCOLN NATIONAL CORP"
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-03T01:04:42.767866+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lincoln Financial Q1 adj op income $0.41 vs $1.52 prior; legal accrual $90M, severance $39M

## Summary
- Net income available to common $1.2B ($6.93 dil EPS) driven by $1.1B non-economic market risk benefit gain.
- Adjusted operating income $71M ($0.41/share) down from $260M ($1.52) in Q1 2023; included $164M significant items.
- Group Protection operating income $80M (+13% YoY, second highest quarter); margin expanded 60bps to 6.2%.
- Life Insurance operating loss $35M vs loss $13M prior; sales down 30% reflecting shift to capital-efficient mix.
- RBC ratio estimated 400-410% (up from ~380% prior year); holding company liquidity $466M.

## SEC filing metadata
- accession: 0000059558-24-000022
- form_type: 8-K
- ticker: LNC
- cik: 0000059558
- company_name: LINCOLN NATIONAL CORP
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/59558/000005955824000022/0000059558-24-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/59558/000005955824000022/a1q24lnc8kshelllegal.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000059558-24-000022
- JSON: https://secwatch.observer/filing/0000059558-24-000022.json
- Plain text: https://secwatch.observer/filing/0000059558-24-000022.txt

## Key facts
- Earnings Releases
  LINCOLN NATIONAL CORP reported the first quarter ended March 31, 2024 results: net income $1.2 billion, EPS $6.93 per diluted share.
  - Period: the first quarter ended March 31, 2024
  - Net income: $1.2 billion
  - EPS: $6.93 per diluted share
  - Result: reported results
  source text: Lincoln Financial Group (NYSE: LNC) today reported financial results for the first quarter ended March 31, 2024. • Net income available to common stockholders was $1.2 billion, or $6.93 per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/59558/000005955824000022/0000059558-24-000022-index.htm

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