AM Best Comments on Credit Ratings of Lincoln National Corporation and Its Subsidiaries Following Announced Reinsurance Agreement

OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has commented that the Credit Ratings of Lincoln National Corporation (Lincoln) (headquartered in Radnor, PA) [NYSE: LNC] and its insurance subsidiaries remain unchanged following the Dec. 10, 2018, announcement of a reinsurance agreement with a subsidiary of Athene Holding Ltd. (Athene). Under the terms of the agreement, Lincoln will cede approximately $7.7 billion of fixed and fixed indexed annuity products to Athene, but will continue to administer the