Every 8-K that Lincoln Natl Corp Ind (LNC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow LNC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full LNC filings page.
Lincoln National Corporation reported a planned finance leadership change. Executive Vice President and CFO Chris Neczypor informed the company on August 6, 2026, that he will leave to pursue another opportunity outside the industry; the company stated his decision is not related to financial or operating results or to any disagreements over financial or reporting matters. He will remain through the end of August to support the transition.
Adam M. Cohen, currently Senior Vice President, Chief Accounting Officer and Treasurer, has been appointed Interim Chief Financial Officer, effective immediately, while a comprehensive internal and external search is conducted. Cohen will receive an annual base salary of $550,000, a target annual incentive opportunity equal to 300% of base salary (pro-rated for 2026), a $1.6 million target award under the long-term incentive program (pro-rated for 2026), and a $1 million retention grant, all subject to Compensation Committee approval and tied to pre-established performance goals. As of June 30, 2026, Lincoln reported $366 billion in end-of-period account balances and serves about 17 million customers.
Lincoln National Corporation reported second quarter 2026 results with net income available to common stockholders of $1.3 billion, or $6.72 per diluted share, up from $688 million and $3.80 a year earlier. Adjusted operating income available to common stockholders was $439 million, or $2.24 per diluted share, compared with $427 million and $2.36, as the gap between GAAP and adjusted results mainly reflected the non-economic impact of changes in market risk benefits. Total revenues were $4,542 million, a 12.3% increase year over year.
Segment results were mixed. Annuities generated $287 million of operating income, in line with the prior year, with record-high ending account balances of $182 billion but lower sales of $3.5 billion and net outflows of about $2.9 billion. Life Insurance operating income rose to $57 million from $32 million, with sales up 79% to $216 million. Group Protection operating income declined to $147 million and operating margin to 10.4%, influenced partly by experience refund timing and a higher disability loss ratio, while Retirement Plan Services operating income increased to $49 million on higher spread income despite $2.4 billion of net outflows.
Capital and liquidity metrics improved. Holding company available liquidity was $1,803 million, or $903 million net of prefunding, and the company completed a $500 million subordinated debt issuance to support potential repurchase or redemption of preferred stock. The estimated RBC ratio remained above 420%. Book value per share including AOCI rose to $53.68, with adjusted book value per share at $79.45. Net unrealized loss on available-for-sale securities was $8.5 billion pre-tax, versus $9.1 billion a year earlier.
Lincoln National Corporation completed a registered public offering of $500 million aggregate principal amount of 6.800% Fixed-to-Fixed Reset Rate Subordinated Notes due 2056. The notes were priced at 100.000% of principal and sold to underwriters at a 1.000% underwriting discount.
The notes pay interest at 6.800% annually until July 15, 2036, then reset every five years to the five-year U.S. Treasury rate plus 2.400%, with interest paid semi-annually on January 15 and July 15, starting January 15, 2027. They are unsecured subordinated obligations, ranking junior to senior indebtedness and pari passu with existing subordinated debt.
The company intends to use net proceeds for general corporate purposes, which may include repurchasing or redeeming up to $500 million of 9.250% Preferred Stock, Series C, and/or $500 million of 9.000% Preferred Stock, Series D, both first redeemable on or after December 1, 2027. The notes are callable at par during defined par call periods and at a make-whole price otherwise, and may be redeemed upon certain tax, rating agency, or regulatory capital events. Lincoln may defer interest for up to five years per deferral period, during which interest compounds and the company faces restrictions on payments on parity or junior securities. Events of default are limited to specified bankruptcy, insolvency, or receivership events.
Lincoln National Corporation reported the results of its 2026 Annual Meeting of Shareholders. All ten director nominees were elected to terms expiring at the 2027 annual meeting, each receiving over 135 million votes in favor, with broker non-votes of 27,410,909 on each director item.
Shareholders approved the ratification of Ernst & Young LLP as the independent auditor for 2026, with 167,591,614 votes for, 3,365,510 against, and 506,522 abstentions. An advisory resolution on executive compensation was also approved, receiving 101,944,594 votes for, 41,153,657 against, 954,486 abstentions, and 27,410,909 broker non-votes.
A non-binding shareholder proposal to require an independent board chair did not pass, with 40,910,999 votes for, 102,198,953 against, 942,785 abstentions, and 27,410,909 broker non-votes.
Lincoln Financial reported a smaller net loss in the first quarter of 2026 while core earnings improved. Net loss available to common stockholders was $(211) million, or $(1.10) per diluted share, compared with $(756) million a year earlier. Adjusted operating income available to common stockholders rose to $326 million, or $1.66 per diluted share, from $280 million, or $1.60 per share, reflecting stronger underlying performance after excluding market-driven and other non-core items.
Total revenues increased to $5.3 billion, up 13.1% year over year. Group Protection delivered $112 million of operating income, Life Insurance returned to a $41 million profit from a prior loss, and Retirement Plan Services generated $43 million, up 26% year over year. Annuities produced $275 million of operating income, modestly below last year, with higher spread income but larger variable annuity outflows. Holding-company available liquidity reached $1.2 billion, or $805 million net of prefunding, while the RBC ratio remained above 420% and adjusted book value per share increased to $77.77.
Lincoln National Corporation announced that Brian Kroll, Executive Vice President and Head of Retail Life and Annuity Solutions, plans to retire. He notified the company of his intention to retire effective June 1, 2026. The company describes this retirement as part of a planned succession for its Retail Life and Annuities businesses.
Lincoln National Corporation entered into a Third Amended and Restated Credit Agreement with a bank syndicate led by Bank of America. The unsecured facility supports letters of credit and borrowing of up to $2.0 billion and now runs until March 27, 2031, extending the company’s committed liquidity.
Fees include a 1.0% per annum charge on syndicated letters of credit and a 0.125% per annum facility fee on the aggregate commitment, with both fees adjusting automatically if credit ratings change. The agreement keeps customary covenants, such as limits on liens, mergers where Lincoln National is not the survivor, and major asset sales.
Financial covenants require minimum consolidated net worth of $9.932 billion plus a portion of future equity issuance proceeds, a maximum debt-to-capital ratio of 0.35 to 1.00, and a 7.5% cap on certain secured and subsidiary non-operating debt relative to total capitalization. Standard events of default can lead to termination of commitments and acceleration of outstanding amounts.
Lincoln National Corporation reported solid fourth quarter and full-year 2025 results, highlighting broad-based momentum across its businesses. Fourth quarter net income available to common stockholders was $745 million, or $3.80 per diluted share. Adjusted operating income available to common stockholders was $434 million, or $2.21 per diluted share, reflecting underlying operating performance after market-related items.
For 2025, adjusted operating income available to common stockholders rose to $1.54 billion, or $8.23 per diluted share. Annuities posted record-high ending account balances of $175 billion and sales of $4.9 billion, up 33% year over year. Life Insurance swung to $77 million of quarterly operating income, driven by improved mortality and strong alternative investment income.
Group Protection delivered quarterly operating income of $109 million with insurance premiums up 8%, while Retirement Plan Services generated $46 million of operating income and 13% deposit growth. Holding company available liquidity, net of prefunding, increased to $655 million at year-end, and book value per share excluding AOCI improved to $73.10.
Lincoln National Corporation completed a registered public offering of $500 million aggregate principal amount of 5.350% Senior Notes due 2035. The notes were sold at a price to the public of 99.922% with an underwriting discount of 0.65%.
The company intends to use a portion of the net proceeds to repay its 3.625% Senior Notes due 2026, of which $400 million was outstanding, and the remainder for general corporate purposes, which may include other debt repayment. The notes are senior unsecured obligations, pay interest semi-annually on May 15 and November 15 beginning May 15, 2026, and mature on November 15, 2035.
Lincoln may redeem the notes at its option before August 15, 2035 at a make-whole price based on the Treasury Rate plus 20 bps, and at 100% of principal on or after that date, in each case plus accrued and unpaid interest.
Lincoln National Corporation furnished materials related to its third quarter results. On October 30, 2025, the company announced financial results for the quarter ended September 30, 2025 and provided supporting documents.
The package includes a press release (Exhibit 99.1), a statistical supplement (Exhibit 99.2), and an earnings supplement presentation (Exhibit 99.3) made available in connection with the earnings call scheduled for October 30, 2025. These materials are furnished, not filed, under the Exchange Act.