Lincoln Financial strikes reinsurance deal with Talcott for $5.8B

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Go back to Lincoln Financial strikes reinsurance deal with Talcott for $5.8B

Lincoln Financial Announces Reinsurance Transaction with Talcott

July 30, 2026 7:10 AM EDT

Transaction reinsures approximately $5.8 billion of guaranteed universal life statutory reserves, further shifting our liability mix and increasing ongoing free cash flow

Risk transfer transaction encompassing approximately 37% of Lincolns remaining in-force guaranteed universal life (GUL) block Further reduces Lincolns 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... More