In October 2026, Lincoln Financial announced completion of its USD 6.3 billion reinsurance transaction with Talcott Financial Group, effective on 1 October. Approximately USD 5.8 billion of guaranteed universal life statutory reserves were ceded to a Talcott subsidiary. Including an earlier Fortitude Re transaction, about 60 per cent of Lincoln’s total guaranteed universal life block is now reinsured. Lincoln continues administering the policies. The deal concerns individual life business