Headquartered in Philadelphia, Pennsylvania, Lincoln National Corporation (LNC) is a diversified life insurance and investment management company. Operating under the Lincoln Financial Group name, the company's primary subsidiaries are Lincoln National Life Insurance Company (LNL), First Penn-Pacific Life Insurance Company, Lincoln Life & Annuity Company of New York, Delaware Management Holdings, Inc., Lincoln National (UK) Plc. Lincoln Financial Advisors (LFA), and Lincoln Financial Distributors (LFD). The operations were enhanced in 2006 with the acquisition of Jefferson Pilot.
Lincoln operates through five divisions:
Following a stronger foothold in the life insurance and annuity arena, Lincoln National would consider other lines of business to diversify its operations. In addition, the company would entertain disposing of less profitable businesses or business lines in order to strengthen its asset management operations, such as pension plans, trusts, and mutual funds.