{"schema_version":"secwatch.filing_event.v1","accession":"0001564590-23-006854","form_type":"8-K","ticker":"LNC","cik":"0000059558","company_name":"LINCOLN NATIONAL CORP","filed_at":"2023-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.910951+00:00","generated_at":"2026-06-16T04:05:06.339999+00:00","sec_items":["2.02","7.01","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Lincoln cedes $28B in reserves to Fortitude Re; preliminary Q1 net loss up to $919M","bullets":["Cedes ~$28B in ULSG, MoneyGuard, fixed annuity reserves; expected close Q2 2023, effective Apr 1.","Transaction expected to improve RBC ratio by ~15 points and add >$100M annual free cash flow.","GAAP quarterly dilution of ($35-40)M; Q1 Life Insurance operating loss ($8-23)M.","Preliminary Q1 net loss ($904-919)M or ($5.34-5.43)/diluted share; adjusted ops income $250-265M.","Estimated Q1 RBC ratio 377-380% (flat YoY); 2023 distributable earnings outlook unchanged."],"urls":{"canonical":"https://secwatch.observer/filing/0001564590-23-006854","json":"https://secwatch.observer/filing/0001564590-23-006854.json","markdown":"https://secwatch.observer/filing/0001564590-23-006854.md","text":"https://secwatch.observer/filing/0001564590-23-006854.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/59558/000156459023006854/0001564590-23-006854-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/59558/000156459023006854/lnc-8k_20230502.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T04:05:06.339999+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"006cdd6f03b17da6bdc0e5aca585bb6ed50e5c12","claim":"LINCOLN NATIONAL CORP reported first quarter 2023 results: net income between $250 and $265 million, EPS $1.47 to $1.56 per diluted share.","evidence_excerpt":"Estimated net loss available to common stockholders of between ($919) and ($904) million, or ($5.43) to ($5.34) per diluted share.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/59558/000156459023006854/0001564590-23-006854-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter 2023"},{"label":"Net income","value":"between $250 and $265 million"},{"label":"EPS","value":"$1.47 to $1.56 per diluted share"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"},{"claim_id":"006cdd6f03b17da6bdc0e5aca585bb6ed50e5c12","claim":"LINCOLN NATIONAL CORP reported first quarter 2023 results: net income between $250 and $265 million, EPS $1.47 to $1.56 per diluted share.","evidence_excerpt":"Estimated adjusted income from operations available to common stockholders of between $250 and $265 million, or $1.47 to $1.56 per diluted share.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/59558/000156459023006854/0001564590-23-006854-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter 2023"},{"label":"Net income","value":"between $250 and $265 million"},{"label":"EPS","value":"$1.47 to $1.56 per diluted share"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}