## Fortitude Re Completes Historic $28 Billion Reinsurance Transaction with Lincoln National Corporation

Fortitude Reinsurance Company Ltd. has finalized its substantial $28 billion reinsurance arrangement with The Lincoln National Life Insurance Company and associated entities, marking a significant transaction in the insurance industry. Under the terms of this transaction, which was initially disclosed in May 2023, a considerable portion of Lincoln's universal life insurance products and fixed annuity offerings have been transferred to Fortitude Re's portfolio. The operational relationship remains seamless for policyholders, as Lincoln will retain responsibility for ongoing servicing and policy administration of the transferred contracts.

**About Fortitude Reinsurance Group**

Fortitude Re represents a major force in the global reinsurance sector, overseeing approximately $71 billion in general and separate account reserves while managing over 4.2 million individual insurance contracts. The organization's competitive advantage stems from its team of seasoned insurance professionals combined with backing from leading institutional investors, including prominent firms such as Carlyle and T&D Insurance Group.

The company's strategic approach centers on delivering customized reinsurance solutions that align with clients' core objectives while generating sustainable value across multiple stakeholder groups—shareholders, employees, and the broader communities served. Through its combination of financial strength, technical expertise, and professional talent, Fortitude Re continues to shape long-term partnerships within the reinsurance marketplace.

Legal representation for Fortitude Re throughout this transaction was provided by Debevoise & Plimpton LLP.