LINCOLN NATIONAL CORP FILES (8-K) Disclosing Results of Operations and Financial Condition, Regulation FD Disclosure, Other Events, Financial Statements and Exhibits

Item 2.02. Results of Operations and Financial Condition

On May 2, 2023, Lincoln National Corporation (the "Company") issued a press
release announcing preliminary estimates for its first quarter 2023 results. A
copy of the press release is attached hereto as Exhibit 99.1 and is incorporated
herein by reference.

The information, including Exhibit 99.1, furnished under this Item 2.02 shall
not be deemed "filed" for the purposes of Section 18 of the Securities Exchange
Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the
liabilities of that Section. The information in this Item 2.02 shall not be
incorporated by reference into any registration statement or other document
pursuant to the Securities Act of 1933, as amended (the "Securities Act"),
except as otherwise expressly stated in such filing.

Item 7.01. Regulation FD Disclosure.

On May 2, 2023, in the same press release described above under Item 2.02, the
Company (together with its affiliates, "Lincoln") announced the entry into a
reinsurance agreement (the "Transaction") with Fortitude Reinsurance Company
Ltd. ("Fortitude Re") and made available on its website a presentation to be
used in connection with the Company's conference call to discuss the
Transaction. The Transaction is discussed below under Item 8.01. A copy of the
press release and the presentation are attached hereto as Exhibits 99.1 and 99.2
and are incorporated herein by reference.

The conference call to discuss the Transaction is being held on Tuesday, May 2,
2023, at 4:30 p.m. Eastern Time, and will be broadcast live through the Company
website at www.lincolnfinancial.com/webcast. Please log on to the webcast at
least 15 minutes prior to the start of the conference call to download and
install any necessary streaming media software. A replay of the call will be
available by 8:00 p.m. Eastern Time on May 2, 2023 at
www.lincolnfinancial.com/webcast.

The information, including exhibits attached hereto, furnished under this Item
7.01 shall not be deemed "filed" for the purposes of Section 18 of the Exchange
Act, or otherwise subject to the liabilities of that Section. The information in
this Item 7.01 shall not be incorporated by reference into any registration
statement or other document pursuant to the Securities Act, except as otherwise
expressly stated in such filing.

Item 8.01. Other Events.

On May 2, 2023, Lincoln entered into a reinsurance agreement with Fortitude Re.
Pursuant to the agreement, Lincoln will cede approximately $28 billion of
in-force universal life with secondary guarantees ("ULSG"), MoneyGuard® and
fixed annuity statutory reserves to Fortitude Re.

The Transaction is structured as a coinsurance treaty between Lincoln and
Fortitude Re for the ULSG and fixed annuity blocks, and as coinsurance with
funds withheld for the MoneyGuard block, with counterparty protections including
a comfort trust established by Fortitude Re subject to investment guidelines to
meet Lincoln's risk management objectives. Fortitude Re is an authorized Bermuda
reinsurer with reciprocal jurisdiction reinsurer status in Indiana. Under the
terms of the reinsurance agreement, Lincoln will retain account administration
and recordkeeping of the policies including claims management.

The transaction is subject to customary closing conditions, including regulatory
approvals, and is anticipated to close in the second quarter of 2023 with an
effective date of April 1, 2023.

Item 9.01. Financial Statements and Exhibits.

The following exhibits are being furnished on this Form 8-K.

  (d) Exhibits.




Exhibit
Number              Description
99.1      Press Release dated May 2, 2023.

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99.2 Block Reinsurance Transaction presentation, dated May 2, 2023.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

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