Lincoln Financial To Cede ~$5.8B Of In-Force Guaranteed Universal Life Statutory Reserves To Talcott Financial; Will Also Reinsure ~$500M Of Funding Agreement Business With Talcott
Risk transfer transaction encompassing approximately 37% of Lincoln’s remaining in-force guaranteed universal life ("GUL") blockFurther reduces Lincoln’s exposure to long-term mortality, lapse, and interest rate
Lincoln Financial is moving a big pile of insurance promises to another company to reduce its risks. This shows the company is working to become simpler and safer, which is worth watching to see if it helps them do better.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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