Lincoln National Corp.

NYSE:LNC   3:59:59 PM EDT
75.51
-0.21 (-0.28%)
Debt Financing / Related, Earnings Announcements

Lincoln Financial Group Reports Reinsurance Transaction With Resolution Life and Significant Capital Deployment

Published: 09/17/2021 13:23 GMT
Lincoln National Corp. (LNC) - Lincoln Financial Group Announces Reinsurance Transaction With Resolution Life and Significant Capital Deployment.
Lincoln National Corp - Transaction Will Generate Approximately $1.2 Billion in Capital.
Lincoln National Corp - Transaction Expected to Be Approximately 5% Accretive to Adjusted Operating Eps.
Lincoln National- About $900 Million of Proceeds to Be Used for Incremental Share Repurchases and Remainder Expected to Be Used Primarily to Pay Down Debt.
Lincoln National Corp - Under Terms of Reinsurance Agreement, Lincoln Financial Will Retain Account Administration and Recordkeeping of Policies.
Lincoln National Corp - Transaction Will Have No Impact on Lincoln Financial's Relationship With Its Distribution Partners and Policyholders.
Revenue is expected to be $4.76 Billion
Adjusted EPS is expected to be $2.64

Next Quarter Revenue Guidance is expected to be $4.65 Billion
Next Quarter EPS Guidance is expected to be $2.54

More details on our Analysts Page.