Lincoln National Corporation (LNC) is a holding company primarily engaged in providing a wide range of insurance and retirement solutions through its subsidiaries. Its core business segments include Annuities, Life Insurance, Group Protection, and Retirement Plan Services. They offer diverse products for wealth accumulation, wealth protection, group protection, and retirement income, catering to individual and institutional clients. By leveraging distribution networks through financial advisers and brokers, LNC effectively reaches a vast customer base to fulfill their insurance and retirement planning needs.
Founded in 1968 and based in Radnor, Pennsylvania, Lincoln Financial Group has grown to become a major player in the financial services industry, continuously adapting to market conditions and regulatory changes. With over 11,000 employees, the company is focused on enhancing its product offerings and improving customer service while managing operational efficiencies. Recent strategic moves include the planned divestiture of its wealth management business to streamline operations and redirect capital toward its core offerings.