Overview
Lincoln Financial Group is the marketing name for Lincoln National Corporation and its subsidiary companies, which is a Fortune 250 American holding company operating business in multiple insurance and investment management. Lincoln National Life Insurance Company was founded in 1905 and formed Lincoln National Corporation in 1968. Lincoln Financial Group was introduced in 1998 by Lincoln National Corporation for its recognition as a financial service company. Lincoln Financial Group provides advice and solutions to business areas like life insurance, annuities, retirement plan services and group protection to support, preserve and enhance people?s lifestyles and retirement outcomes. It is headquartered in Radnor, PA. It was listed on The New York Stock Exchange as ?LNC?.
Size & Operation
Q: What is the size and operation situation of Lincoln Financial Group?
Lincoln National Corporation was ranked #188 on the 2020 Fortune 500 list by revenue, #22 by assets. Lincoln Financial Group provides retirement, insurance and wealth protection products to more than 17 million customers. It has a number of employees of 9,047 in 2017.
On December 31, 2020, Lincoln reported end-of-period account values of $303 billion, total statutory capital of approximately $10.3 billion and cash and invested cash of $754 million at the holding company (Lincoln Financial Group, 2021). Key metrics for the fourth quarter of 2020 include:
- Total average account balances of $291 billion
- Adjusted operating revenues of $4.7 billion
- Net income of $143 million
- Adjusted income from operations of $346 million
- $50 million in share repurchases during the quarter
Annuity growth from operations and retirement Plan Services with the increase primarily driven by favorable returns within the company?s alternative investment portfolio and higher account values from strong equity market performance.
Life Insurance reported income from operations with favorable returns within the company?s alternative investment portfolio and expense management were more than offset by unfavorable mortality related to the pandemic. Group Protection reported a loss from operations.
Products & Services
Life Insurance Product
Q: What life insurance does Lincoln Financial Group offer?
Lincoln Financial Group offers term life insurance, permanent life insurance and lifetime protection VUL for individuals as follows for better protection.
Term Life Insurance
If you?re in good health and looking to get coverage for 10, 15, 20, or 30 years fast,