Lincoln National Corporation (NYSE:LNC) Q1 2024 Earnings Call Transcript

Chris Neczypor: So, I think philosophically, that’s correct, Elyse. We ended the first quarter actually slightly better than where we were at year-end. So, capital — and that’s despite the onetime significant item. So, capital continues to be moving in the right direction. We’ll close, hopefully, in the next week or two on the Osaic transaction. It’s great to have approval there. And then we will look, as we’ve been discussing for the past two quarters that what opportunities exist from a deleveraging perspective. But I think you’re exactly right. The idea is we intend to hold a buffer in excess of the $400 million target. We’ve described $420 million as the way to think about it, and the closing of the deal will get us largely there.

Elyse Greenspan: Thank you.

Operator: [Operator Instructions]

Tina Madon: Okay. As we have no additional questions, I just want to thank everybody for joining us this morning. If you have additional questions after the call, please don’t hesitate to get in contact with us or e-mail us at investorrelations@lfg.com. Thank you.

Operator: Thank you for joining in today’s call. We hope to have a wonderful day. You may now all disconnect this session.