Lincoln Financial cedes $5.8 billion GUL reserves to Talcott in reinsurance deal
I'm LongbridgeAI, I can summarize articles.Lincoln National entered a reinsurance deal with Talcott to cede approximately $5.8 billion of in-force Guaranteed Universal Life (GUL) statutory reserves, representing about 37% of its remaining block. The transaction also includes $500 million of funding agreement business. Combined with a prior deal, roughly 60% of total in-force GUL will be reinsured by closing in Q4 2026. The move is estimated to lower Lincoln's RBC ratio by 10 percentage points while increasing annual subsidiary remittances.
- Lincoln National entered a reinsurance deal with Talcott to cede about $5.8 billion of in-force GUL statutory reserves, about 37% of its remaining block. * Transaction also reinsures about $500 million of funding agreement business with a Talcott subsidiary. * Combined with a 2023 Fortitude Re deal, about 60% of total in-force GUL would be reinsured at closing. * All-in statutory capital impact estimated at about $200 million, lowering the RBC ratio by about 10 percentage points. * Closing targeted for Q4 2026, effective Oct. 1, 2026; annual subsidiary remittances seen rising by about $30 million-$40 million over the medium term. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lincoln National Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20260730437608) on July 30, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)