-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HyggBeCgxGl7dMgmuAVprRere3hdr1qxntVcx33WYpwvkPmIIXYhJHwelECkQAJQ Niml2XBf6AnJBNymoWfU9g== 0000950137-02-004542.txt : 20020816 0000950137-02-004542.hdr.sgml : 20020816 20020816110227 ACCESSION NUMBER: 0000950137-02-004542 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20020816 ITEM INFORMATION: FILED AS OF DATE: 20020816 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LINCOLN NATIONAL CORP CENTRAL INDEX KEY: 0000059558 STANDARD INDUSTRIAL CLASSIFICATION: LIFE INSURANCE [6311] IRS NUMBER: 351140070 STATE OF INCORPORATION: IN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-06028 FILM NUMBER: 02740674 BUSINESS ADDRESS: STREET 1: 1500 MARKET STREET STE 3900 STREET 2: CENTRE SQUARE WEST TOWER CITY: PHILADELPHIA STATE: PA ZIP: 19102 BUSINESS PHONE: 2194552000 MAIL ADDRESS: STREET 1: 1500 MARKET STREET STE 3900 STREET 2: CENTRE SQUARE TOWER CITY: PHILADELPHIA STATE: PA ZIP: 19102*2706 8-K 1 c71448e8vk.htm CURRENT REPORT Current Report
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934

August 16, 2002
Date of Report (Date of earliest event reported)

Lincoln National Corporation
(Exact name of registrant as specified in its charter)

         
Indiana
(State or other jurisdiction
of incorporation)
   1-6028
(Commission
File Number)
   35-1140070
(IRS Employer
Identification No.)

1500 Market Street, Suite 3900, Philadelphia, Pennsylvania 19102-2112
(Address of principal executive offices) (Zip Code)

(215) 448-1400
(Registrant’s telephone number)

 

ITEM 9. REGULATION FD DISCLOSURE
SIGNATURES

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All of the information in this Form 8-K is being furnished pursuant to Item 9 of Form 8-K. In accordance with General Instruction B.2 to Form 8-K, the information in this Form 8-K shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that Section. Moreover, the information in this Form 8-K shall not be deemed incorporated by reference into any filing under the Securities Act of 1933.

Item 9. Regulation FD Disclosure

Lincoln National Corporation
Additional Information Regarding “Reversion-to-the-Mean” Assumption

In LNC’s Management’s Discussion and Analysis on Form 10-Q for June 30, 2002, LNC discussed the use of a “reversion-to-the-mean” assumption in the determination of the deferred acquisition costs (“DAC”) asset and related cumulative pre-tax amortization and reserves for guaranteed minimum death benefits (“GMDB”) in its Retirement segment. Investors have asked what the effect of this methodology is on the DAC asset and GMDB reserve. In order for users to better understand the effect of using reversion-to-the-mean methodology, the following information is provided. At June 30, 2002, Lincoln Retirement’s DAC asset included $37 million attributable to the use of this methodology. The amount attributable to the reversion-to-the-mean represents approximately 4% of Lincoln Retirement’s DAC asset at June 30, 2002.

     The use of net equity growth rates which are consistent with those used in the DAC amortization process lessens the impact of the equity markets on LNC’s reserves for GMDB by $14 million.

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

  LINCOLN NATIONAL CORPORATION

By: /s/ Richard C. Vaughan
Name: Richard C. Vaughan
Title: Executive Vice President and
          Chief Financial Officer

     Date: August 16, 2002

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