Every material Form 8-K Lincoln Financial filed with the SEC in 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Lincoln Financial reported third quarter 2026 net income available to common stockholders of $1.3 billion, or $6.77 per diluted share, up from $411 million, or $2.12, a year earlier. Adjusted operating income available to common stockholders fell to $339 million, or $1.72 per diluted share, from $397 million, or $2.04, and both figures include an unfavorable annual assumption review impact. The company also resumed share repurchases and reported higher holding company liquidity, though Group Protection results fell short of its expectations.
Net income available to common stockholders was $1.3 billion, or $6.77 per diluted share, versus $411 million, or $2.12, a year earlier; the annual assumption review reduced it by $0.47 per diluted share.
Adjusted operating income available to common stockholders was $339 million, or $1.72 per diluted share, versus $397 million, or $2.04, a year earlier.
Group Protection operating margin was 5.5% excluding the assumption review, down 260 basis points year over year; operating income was $77 million before the review.
Holding company available liquidity, net of prefunding, rose to $1.0 billion; the company repurchased $50 million of common stock and retired $437 million of preferred stock.
Lincoln National's chief financial officer, Christopher Neczypor, is leaving the company to pursue another opportunity outside the industry, and the company says the departure is not related to its financial or operating results. Adam Cohen, the company's chief accounting officer and treasurer, takes over as interim CFO while Lincoln searches for a permanent successor.
Neczypor notified the company on August 6, 2026, and will remain through the end of August to help with the transition.
Cohen, age 41, joined Lincoln in March 2022 and became treasurer in February 2024.
Cohen's interim pay includes a $550,000 base salary, a 300% target annual incentive, a $1,600,000 pro-rated LTIP target and a $1,000,000 retention grant, subject to Compensation Committee approval.
Lincoln National reported second-quarter 2026 net income available to common stockholders of $1.3 billion, or $6.72 per diluted share, up from $688 million, or $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, or $2.36, in the prior-year quarter, and the company attributed the gap between the two measures mainly to non-economic changes in market risk benefits.
Net income available to common stockholders: $1.3 billion, or $6.72 per diluted share, versus $688 million, or $3.80, a year earlier
Adjusted operating income available to common stockholders: $439 million, or $2.24 per diluted share, versus $427 million, or $2.36, a year earlier
Holding company available liquidity, net of prefunding, rose to $903 million; the company completed a $500 million subordinated debt issuance
Group Protection operating margin fell to 10.4% from 12.5% a year earlier, partly due to a $15 million prior-year experience refund
Lincoln National Corporation reported a first-quarter 2026 net loss available to common stockholders of $211 million, or $1.10 per diluted share, compared with a loss of $756 million, or $4.41 per share, a year earlier. Adjusted operating income rose to $326 million, or $1.66 per diluted share, from $280 million, or $1.60 per share, and the company said holding company available liquidity, net of prefunding, increased to $805 million.
Net loss available to common stockholders was $211 million, or $1.10 per diluted share, versus $756 million, or $4.41 per share, in the first quarter of 2025.
Adjusted operating income available to common stockholders was $326 million, or $1.66 per diluted share, up from $280 million, or $1.60 per share.
Holding company available liquidity, net of prefunding, rose to $805 million from $466 million at March 31, 2025.
Annuities operating income fell 5% to $275 million, while Retirement Plan Services operating income rose 26% to $43 million.
Lincoln National said Brian Kroll, Executive Vice President and Head of Retail Life and Annuity Solutions, intends to retire effective June 1, 2026. The company described the move as part of a planned succession for its Retail Life and Annuities businesses, and the filing gives no financial figures.
Brian Kroll, Executive Vice President and Head of Retail Life and Annuity Solutions, is a named executive officer.
Retirement is effective June 1, 2026.
Company says the change is part of a planned succession for the Retail Life and Annuities businesses.
Notice was filed April 16, 2026, and signed by Senior Vice President and Secretary Nancy A. Smith.
Lincoln National Corporation entered into a Third Amended and Restated Credit Agreement on March 27, 2026, with Bank of America, N.A. as administrative agent. The unsecured facility allows letters of credit and borrowing of up to $2.0 billion and replaces the agreement dated December 21, 2023. The filing describes it as containing customary terms and covenants, and the company's financing capacity is governed by these terms.
Facility allows borrowing and letters of credit of up to $2.0 billion, unsecured
Commitment termination date is March 27, 2031
Letter of credit fee of 1.0% per annum and facility fee of 0.125% per annum, both adjusting with credit ratings
Minimum consolidated net worth covenant set at $9,932,000,000 plus 50% of net equity issuance proceeds received after December 31, 2025
Lincoln National reported fourth-quarter 2025 net income available to common stockholders of $745 million, or $3.80 per diluted share, down from $1,675 million, or $9.63, a year earlier. Adjusted operating income available to common stockholders rose to $434 million, or $2.21 per diluted share, from $332 million, or $1.91, and the company attributed the gap mainly to the non-economic impact of changes in market risk benefits. Holding company available liquidity was $655 million at year-end, net of prefunding.
Q4 2025 net income available to common stockholders was $745 million ($3.80 per diluted share), versus $1,675 million ($9.63) in Q4 2024.
Q4 2025 adjusted operating income available to common stockholders was $434 million ($2.21 per diluted share), versus $332 million ($1.91) a year earlier.
Full-year 2025 net income available to common stockholders was $1,086 million ($5.83 per diluted share), versus $3,187 million ($18.41) in 2024; full-year adjusted per-share income was $8.23, versus $7.07.
Book value per share including AOCI was $51.88 at December 31, 2025, versus $42.60 at December 31, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Lincoln Financial filing is on SEC EDGAR ↗. 8-K briefs of other companies →