About the Company
Lincoln National Corporation, primarily addressed as LNC, is a holding company that operates insurance and investment management businesses. Headquartered in Radnor, Pennsylvania, LNC does all its work through its subsidiary companies. As of 2020, it has a workforce of more than 11,300 employees. It has six principal subsidiaries, namely Lincoln Life & Annuity Company of New York, Lincoln Financial Distributors, Lincoln National Life Insurance Company, Lincoln Financial Securities, First Penn Pacific Life Insurance Company and Lincoln Financial Advisors.
The company offers its services to individuals, industry professionals and employers or organisations. For individuals, it has product lines under four segments. These are annuities & protected, long-term care planning, life insurance and employee benefits. It also offers individuals with assistance to plan their future financials and manage their retirement account. For employers or organisations, it provides retirement products and services along with employee benefits assistance. It also offers services under four segments for industrial professionals, namely employee benefits, employer retirement plans, insurance & annuities, and Lincoln Financial Network.
It was incorporated in 1905 when a group of business leaders from Fort Wayne joined hands to create an insurance company called The Lincoln National Life Insurance Company. The company’s most significant acquisition was in 2006 when it took over Jefferson-Pilot Corporation, a Fortune 500 company. Following this, it took over Jefferson-Pilot’s radio and television division which has about 18 radio stations operating under it. The company also purchased Newton County Loan and Savings in January 2009 to restructure it as a bank holding company. Lincoln National Corporation is one of the oldest members of the Fortune 500 list and one of the 11 banks from 1905 that are still operating. Lincoln National Corp shares have been trading on the New York Stock Exchange since 1969 with “LNC” as its ticker symbol.
In 2020, Forbes included it in three of its prestigious lists. These are the Best Employers for Women, Best Employers for Diversity and America’s Best Employers By State. In the same year, the company won other recognitions as well, such as the Best Place to Work for Disability Inclusion by 100% Disability Equality Index, Best Place to Work for LGBTQ Equality by Corporate Equality Index and America’s Most Responsible Companies by Newsweek.;
|Lincoln National Corporation