- CEO
- Ellen R. Gail Cooper
- Full Time Employees
- 9,783
- Sector
- Financial Services
- Industry
- Insurance - Life
- Address
- 150 North Radnor-Chester Road Radnor PA United States of America 19087
- IPO Date
- Nov 17, 2022
- Business
- Lincoln National Corporation, operating as Lincoln Financial Group, provides a broad range of insurance, retirement, and investment management products and services through its subsidiaries in the United States and select international markets. The company organizes operations into four primary segments: annuities, including variable annuities, fixed annuities, and indexed variable annuities that offer tax-deferred investment growth and lifetime income opportunities; life insurance, encompassing term insurance, indexed universal life insurance, variable universal life insurance, linked-benefit products, and riders for critical illness and long-term care; group protection, featuring group non-medical insurance products such as short- and long-term disability, statutory disability, and paid family medical leave administration; and retirement plan services, which deliver employer-sponsored retirement plan products, recordkeeping, plan design, compliance, and employee education. Principal subsidiaries include Lincoln National Life Insurance Company, Lincoln Life & Annuity Company of New York, First Penn-Pacific Life Insurance Company, Lincoln Financial Distributors, Lincoln Financial Advisors, and Lincoln Financial Securities. Founded in 1905 in Fort Wayne, Indiana, with roots tracing to the Lincoln National Life Insurance Company, the firm maintains headquarters in Radnor, Pennsylvania, serves approximately 17 million customers, and manages over $320 billion in account balances. Recent strategic developments include a March 2025 agreement with Bain Capital for an $825 million investment acquiring a 9.9% equity stake and establishing a 10-year non-exclusive partnership for managing assets in private credit, structured products, mortgage loans, and private equity, expected to close in the second half of 2025 to support growth, spread-based earnings expansion, and leverage reduction; additionally, collaborations with Bain Capital and Partners Group to launch two new private markets funds by late 2025, featuring an evergreen private credit fund and a cross-sector private markets fund to enhance client investment options.