LINCOLN NATIONAL CORP
Lincoln National Corporation (NYSE: LNC) operates as a holding company providing wealth accumulation, wealth protection, group protection, and retirement income products through multiple insurance and retirement businesses. The company markets its offerings under the Lincoln Financial brand name and maintains… From the company’s description.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What LINCOLN NATIONAL CORP does
In the company’s own words
Lincoln National Corporation (NYSE: LNC) operates as a holding company providing wealth accumulation, wealth protection, group protection, and retirement income products through multiple insurance and retirement businesses. The company markets its offerings under the Lincoln Financial brand name and maintains principal executive offices in Radnor, Pennsylvania.
The company operates through four primary business segments. The Annuities segment offers variable annuities, fixed annuities, and registered index-linked annuities with various guarantee features including guaranteed death benefits, guaranteed withdrawal benefits, and guaranteed income benefits. The Life Insurance segment provides term insurance, universal life insurance, indexed universal life insurance, variable universal life insurance, and linked-benefit products combining life insurance with long-term care coverage. The Group Protection segment delivers group non-medical insurance products including short- and long-term disability insurance, group term life, accident, critical illness, hospital indemnity, dental, and vision products to employers of all sizes. The Retirement Plan Services segment serves the defined contribution retirement plan marketplace through group variable annuities, fixed annuities, and mutual fund-based programs with recordkeeping and compliance services.
Lincoln Financial Distributors serves as the company's wholesale distributor, providing access to financial intermediaries including brokers, planners, agents, financial advisers, and third-party administrators. The company previously operated Lincoln Financial Network as a retail distributor until its sale in May 2024. Distribution channels vary by segment, with annuities and life insurance products distributed through financial intermediaries and retirement plan services distributed through internal wholesale teams and unaffiliated advisers.
The company employs approximately 450 internal and external wholesalers across its distribution network. Lincoln National Corporation maintains a comprehensive reinsurance program designed to protect insurance subsidiaries against severity of losses, with a policy to retain no more than twenty million dollars on individual insured lives. The company's investment strategy emphasizes balancing current income generation with prudent risk management while complying with applicable insurance regulations. Derivatives are employed primarily for hedging purposes, particularly to manage risks associated with guaranteed benefit riders and market volatility exposure. Additional information is available at lincolnfinancial.com.
Company details
- Sector
- Financials
- Industry
- Life Insurance
- Headquarters
- RADNOR, PA
- Fiscal year end
- December
- CIK
- 59558
- SIC
- 6311
Financial performance, year by year
Fiscal 2013–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns LINCOLN NATIONAL CORP — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · LINCOLN NATIONAL CORP’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
LINCOLN NATIONAL CORP’s bonds, as funds hold them
Funds report holding 17 issues of LINCOLN NATIONAL CORP’s debt, $899.60M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 5.06%, maturing 2026 to 2067.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
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