LINCOLN NATIONAL CORP (LNC): auditor change — Lincoln National restates FY21-22 financials due to accounting error on reinsurance gain recognition

on March 21, 2023, the Board of Directors of the Company, after discussion with the Audit Committee, our senior leadership and independent registered public accounting firm, Ernst & Young LLP ("EY"), determined that our audited consolidated financial statements as of and for the annual periods ended December 31, 2021 and December 31, 2022 and for the quarterly periods ended March 31, June 30 and September 30, 2022 (together, the "Prior Financial Statements") included in the associated Form 10-K filings and Form 10-Q filings with the Securities and Exchange Commission ("SEC"), should no longer be relied upon solely as a result of the above-described accounting treatment with respect to timing for the recognition of investment gains related to the reinsurance transaction with Resolution Life and will require restatement, and EY concurred.

Item 2.02. Results of Operations and Financial Condition. The preliminary financial information in the section Preliminary Estimated Impact of the Reinsurance Transaction Restatement in Item 7.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.02. Company Confirms 2023 Outlook The restatement and other matters discussed in Item 4.02 of this Current Report on Form 8-K do not affect our previously communicated 2023 outlook.