| Market Capitalization (Millions $) |
8,559 |
| Shares
Outstanding (Millions) |
197 |
| Employees |
9,423 |
| Revenues (TTM) (Millions $) |
18,827 |
| Net Income (TTM) (Millions $) |
1,727 |
| Cash Flow (TTM) (Millions $) |
3,061 |
| Capital Exp. (TTM) (Millions $) |
0 |
Business Description
Lincoln National Corporation (LNC) Overview
Operations and Business Segments:
Lincoln National Corporation operates through four key business segments:
1. Lincoln Retirement: Focuses on retirement solutions, providing products such as annuities and retirement plan services.
2. Life Insurance: Offers a comprehensive range of life insurance products, including term, universal, and variable universal life insurance.
3. Investment Management: Engages in managing investment products and services, catering to institutions and individual investors.
4. Lincoln UK: Operates in the United Kingdom, providing insurance and investment products tailored for the local market.
Over the past years, Lincoln National Corporation has undergone reorganization, particularly during the early 2000s, which involved creating distinct segments for retirement and life insurance, aimed at enhancing focus and improving service delivery.
Key Subsidiaries:
The primary operating subsidiaries of Lincoln National Corporation include:
- The Lincoln National Life Insurance Company (LNL)
- First Penn-Pacific Life Insurance Company (First Penn)
- Lincoln Life & Annuity Company of New York
- Delaware Management Holdings, Inc.
- Lincoln National (UK) plc
- Lincoln Financial Distributors (LFD)
- Lincoln Financial Advisors (LFA)
These subsidiaries collectively facilitate the diverse product offerings of LNC across its segments.
Product Offerings:
Lincoln National Corporation provides a wide array of financial products aimed at wealth protection and accumulation, including:
- Fixed and variable annuities
- Universal and variable universal life insurance
- Term life insurance
- Individual insurance coverages
- Retail mutual funds
- 529 college savings plans
- 401(k) plans and other defined contribution retirement products
- Managed account products
Distribution Network:
LNC has built an extensive distribution network to meet the evolving needs of consumers. This network is structured to allow customers to engage with LNC’s services on their terms.
Lincoln Financial Distributors (LFD):
LFD operates with around 300 internal and external wholesalers who distribute life insurance, annuities, and investment products to a broad range of financial intermediaries. It targets various channels such as Wirehouse/Regional, Independent Financial Planners, Marketing General Agents, and Financial Institutions.
Lincoln Financial Advisors (LFA):
As a retail broker/dealer and financial planning firm, LFA provides comprehensive financial and estate planning services. With nearly 2,100 financial planners across 38 offices in the United States, LFA plays a crucial role in distributing LNC’s wealth accumulation and protection products.
Investment Management:
The Investment Management segment creates institutional investment products that are marketed through a dedicated sales force in collaboration with pension consultants. These products primarily target defined benefit and defined contribution plan sponsors, along with endowments and foundations.
Competitive Landscape
Lincoln National Corporation operates in a highly competitive environment, facing competition from a vast number of entities in the life insurance sector and adjacent financial services industries. there were over 1,000 life insurance companies in the U.S. coupled with competition from banks and non-insurance financial services firms due to the regulatory changes introduced by the Financial Services Modernization Act.
Conclusion
Lincoln National Corporation continues to adapt and evolve within a competitive landscape, focusing on the reorganization of its business segments to better serve its clients through a range of retirement solutions, life insurance products, and investment management services. With a robust distribution network that allows for direct engagement with consumers and financial intermediaries, LNC is well-positioned to meet the diverse needs of its clientele in a dynamic market.
Company Address: 150 N. Radnor-Chester Road Radnor 19087 PA
Company Phone Number: 583-1400 Stock Exchange / Ticker: NYSE LNC
|
3.36% 
91.75 %