Lincoln National Corporation FRN 17-MAY-2066Lincoln National Corporation FRN 17-MAY-2066Lincoln National Corporation FRN 17-MAY-2066

Lincoln National Corporation FRN 17-MAY-2066

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Key terms


Outstanding amount
‪562.03 M‬USD
Face value
1,000.00USD
Minimum denomination
2,000.00USD
Coupon
7.11% (Variable)
Coupon frequency
Quarterly
Yield to maturity
8.78%
Maturity date
May 17, 2066
Term to maturity
41 years

About Lincoln National Corporation FRN 17-MAY-2066


Sector
Finance
Industry
Life/Health Insurance
Issue date
Aug 10, 2021
FIGI
BBG0123NJRW5
Lincoln National Corp. is a holding company, which operates multiple insurance and retirement businesses through its subsidiary companies. It provides advice and solutions that help empower people to take charge of their financial lives with confidence and optimism. It operates through the following segments: Annuities, Retirement Plan Services, Life Insurance, Group Protection, and Other Operations. The Annuities segment offers tax-deferred investment growth and lifetime income opportunities for its clients by offering fixed and variable annuities. The Retirement Plan Services segment includes employers with retirement plan products and services, primarily in the defined contribution retirement plan marketplaces. The Life Insurance segment focuses on the creation and protection of wealth for its clients by providing life insurance products, including term insurance, both single and survivorship versions of universal life insurance, variable universal life insurance, and indexed universal life insurance products. The Group Protection segment is involved in group non-medical insurance products, which includes term life, disability, dental, vision and accident and critical illness benefits and services to the employer marketplace through various forms of employee-paid and employer-paid plans. The Other Operations segment includes the financial data for operations. The company was founded in 1968 and is headquartered in Radnor, PA.
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