Lincoln Financial To Cede ~$5.8B Of In-Force Guaranteed Universal Life Statutory Reserves To Talcott Financial; Will Also Reinsure ~$500M Of Funding Agreement Business With Talcott
لينكولن ناشونال كورب
Lincoln National Corp LNC | 0.00 |
- Risk transfer transaction encompassing approximately 37% of Lincoln’s remaining in-force guaranteed universal life ("GUL") block
- Further reduces Lincoln’s exposure to long-term mortality, lapse, and interest rate risk on a legacy, capital-intensive block
- Represents an all-in statutory capital impact of approximately $200 million
- Strengthens free cash flow1 and shareholder value, with an expected $30–$40 million increase in annual subsidiary remittances over the medium term
- Advances our strategy to shift our liability mix and grow sustainable free cash flow while improving risk-adjusted returns on capital and reducing earnings volatility.
