Lincoln National Corporation (LNC), better known as Lincoln Financial Group, is a Fortune 250 American corporation that operates multiple insurance and investment management businesses. The company was founded in 1905 and is headquartered in Radnor, Pennsylvania, but its operations spread across the United States. Named after Abraham Lincoln, the US’s 16th president, the company was granted use of his name, image, and signature by Lincoln’s son, Robert.
LNC has been a pioneering force in the insurance industry since its establishment, ensuring that American families and businesses are safeguarded against financial risk and insecurity. Though it began as a life insurance company, Lincoln Financial Group has expanded its product offering over the years to include annuities, retirement planning services, group insurance, and financial advisory services.
In its operation, LNC is segmented into four main areas: Annuities, Retirement Plan Services, Life Insurance and Group Protection. These distinct sectors offer targeted and specialized service to their respective clientele.
The company's annuity operations focus on retirement savings and income solutions. Lincoln Financial's Life Insurance segment designs and sells life insurance policies, ranging from term life to universal life insurance solutions. The Retirement Plan Services division caters to employers, working with them to build and implement comprehensive retirement benefits packages for their employees. And its Group Protection segment offers group non-medical insurance products to the commercial sector, which includes services like disability, dental and accident coverage.
LNC operations have always been guided by its core values of Optimism, Respect, and Responsibility. Beyond its primary business functions, Lincoln Financial Group is also recognized for its commitment to corporate social responsibility. It pursues multiple outreach programs and philanthropic efforts and encourages its employees to participate in volunteer opportunities.
Externally, LNC is listed on the New York Stock Exchange under the ticker symbol 'LNC' and is included in the S&P 500 index. Internally, it is recognized as an excellent place to work, boasting a diverse and inclusive workforce, with ongoing efforts to grow a culture where unique perspectives are celebrated.
Over the years, LNC has established a robust reputation throughout the industry and among customers alike, who appreciate the company's focus on reliability, innovation, and customer service. Lincoln National Corporation, with its multiple subsidiaries and strong standing in the US financial market, continues to uphold its commitment to assisting people in achieving a secure retirement and financial future.