Risk Factors Update Summary
- Increased Federal Reserve rate from 4.75% to 5.25% announced in July 2023.
- Moody's downgraded LNC's long-term issuer credit rating and financial strength ratings.
- Potential future increased surrenders and withdrawals due to interest rate hikes.
- Proposed DOL rule may expand fiduciary activities, leading to increased compliance obligations.
- Changes in AI regulations may lead to increased compliance costs and impact business practices.
- Changes in SEC and DOL rules could impact business practices and compliance obligations.
- Proposed tri-agency federal rule may impact sales of supplemental health products.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=59558&owner=exclude
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