LNC - Public offerings

Fortitude Reinsurance Company Ltd., ("Fortitude Re") today announced the closing of its $28 billion reinsurance agreement with The Lincoln National Life Insurance Company, a subsidiary of Lincoln National Corporation (NYSE:LNC) and its affiliates ("Lincoln"). Consistent with the agreement announced May 2, 2023, Lincoln will reinsure a significant portion of its universal life insurance and fixed annuity business to Fortitude Re. To ensure a consistent experience for customers, Lincoln will continue to service and administer the reinsured policies. Debevoise & Plimpton LLP served as legal counsel to Fortitude Re. About Fortitude Re  The Fortitude Re Group manages approximately $71 bill

Lincoln Financial Group (NYSE:LNC) ("Lincoln" or the "Company") announced today that it has priced two underwritten public offerings: an offering of 500,000 depositary shares, each representing a 1/25th interest in a share of its 9.250% Fixed Rate Reset Non-Cumulative Preferred Stock, Series C, $25,000 liquidation preference per share (equivalent to $1,000.00 per depositary share) (the "Series C Preferred Stock") as well as an offering of 20 million depositary shares, each representing a 1/1,000th interest in a share of its 9.000% Non-Cumulative Preferred Stock, Series D, $25,000 liquidation preference per share (equivalent to $25.00 per depositary share) (the "Series D Preferred Stock") (t