• Risk transfer transaction encompassing approximately 37% of Lincoln’s remaining in-force guaranteed universal life ("GUL") block
• Further reduces Lincoln’s 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 shift our liability mix and grow sustainable free cash flow while improving risk-adjusted returns on capital and reducing earnings volatility.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.