HARTFORD, Conn., Oct. 1, 2026 – Talcott Financial Group (“Talcott”), an international life insurance group providing comprehensive risk solutions for customers across the retirement and insurance industry, has completed its previously announced reinsurance transaction with Lincoln Financial, a trusted provider of retail life and annuity solutions and workplace benefits.
Under the terms of the agreement, Talcott reinsured approximately $6.3 billion in liabilities, primarily composed of a run-off block of universal life with secondary guarantee policies. Lincoln Financial continues to administer and service the reinsured policies.
The transaction was first announced in July and marks the second reinsurance agreement between Lincoln and Talcott, following a variable annuity flow reinsurance transaction announced in 2021. The successful close of this transaction reflects Talcott’s continued commitment to deliver solutions that support long-term security and stability for stakeholders across the insurance industry.
WTW served as actuarial advisor, RBC Capital Markets and TD Securities (USA) LLC served as financial advisors, and Conyers Dill & Pearman LLP and Debevoise & Plimpton LLP served as legal counsel for this transaction.
About Talcott Financial Group
Talcott Financial Group, an international life insurance group, combines a longstanding industry track record, deep risk management expertise, and the agility needed in today’s market to deliver comprehensive risk solutions to customers across the insurance industry. With $136 billion in assets under management as of June 30, 2026, investment-grade financial strength ratings, and a partnership with Sixth Street, a leading global investment firm, Talcott is well positioned to serve as a high-quality counterparty to its policyholders and clients. Talcott has offices based in Bermuda, the Cayman Islands, Connecticut, New York, and North Carolina.
For more information, visit www.talcott.com or follow Talcott Financial Group on LinkedIn.
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