Lincoln Financial Announces Reinsurance Transaction with Talcott
Lincoln Financial entered into an agreement with Talcott Financial Group to cede approximately $5.8 billion of in-force Guaranteed Universal Life reserves and $500 million of funding agreement business. The transaction covers about 37% of Lincoln's remaining GUL block and is expected to deliver an all-in statutory capital impact of approximately $200 million while increasing annual subsidiary remittances by $30–$40 million.
Key figures
- Gul reserves ceded
- $5.8 billion
- Rbc ratio reduction
- 10 percentage points
- Statutory capital impact
- $200 million
- Annual remittance increase
- $30–$40 million
- Funding agreement business ceded
- $500 million
AI analysis
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