OLDWICK, N.J.--( BUSINESS WIRE )-- AM Best has commented that the Credit Ratings (ratings) of Lincoln National Corporation (LNC) (headquartered in Radnor, PA) and its subsidiaries remain unchanged following the May 2, 2023, announcement that the company has entered into an agreement to reinsure a portion of its secondary guaranteed universal life (SGUL), fixed annuities (FA) and MoneyGuard (MG) blocks of business to Fortitude Reinsurance Company Ltd., a Bermuda-based reinsurer. The transaction reinsures 40% of in-force SGUL business, 40% of in-force FA business and 80% of in-force MG business.