Lincoln Financial closes $6.3 billion reinsurance deal with Talcott Financial Group
LNC•Lincoln Financial closed a $6.3 billion reinsurance deal with Talcott Financial Group, effective Oct. 1, 2026. Talcott will reinsure about $5.8 billion in statutory reserves, and about 60% of Lincoln’s total GUL block is now reinsured, including an earlier Fortitude Re transaction.
1. Reinsurance deal closed
Talcott will reinsure about $5.8 billion of Lincoln’s in-force guaranteed universal life statutory reserves, covering roughly 37% of Lincoln’s remaining GUL block. Lincoln will continue to administer the reinsured policies.
2. Earlier transaction included
With the earlier Fortitude Re transaction, about 60% of Lincoln’s total GUL block is now reinsured, reducing its exposure to capital-intensive legacy business.
