secwatch.observer — SEC 8-K summary
======================================

Issuer:     LINCOLN NATIONAL CORP (LNC)
CIK:        0000059558
Form:       8-K
Filed at:   2023-12-14T23:59:59+00:00
Accession:  0001193125-23-295483
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lincoln National sells wealth management business to Osaic for ~$700M capital benefit
--------------------------------------------------------------------------------

- Sale includes Lincoln Financial Advisors and Lincoln Financial Securities with ~1,450 financial professionals.
- Expected ~$700M capital benefit primarily to increase risk-based capital ratio and reduce leverage.
- Transaction expected to close first half of 2024, subject to customary regulatory approvals.
- Lincoln retains Lincoln Financial Distributors (LFD) wholesale distribution franchise and independent agents.
- No material impact on ongoing free cash flow or earnings anticipated from the sale.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/59558/000119312523295483/0001193125-23-295483-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/59558/000119312523295483/d591735d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-295483

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer