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Lincoln National (LNC) |
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WIKI ANALYSIS
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.
Business Overview
Lincoln operates through five divisions:
- Individual (65% of FY06 operating income), focuses on wealth creation, protection, and retirement planning via life insurance, and variable (i4LIFE) and fixed annuities.
- Employer (25% of FY06 operating income), focuses on defined contribution programs (Lincoln Alliance for medium-to-larger case employer-sponsored retirement plans and Lincoln Director for small-case group variable annuity products), executive benefits, and group protection.
- Investment Management: (4% of FY06 operating income), focuses on asset management services for retail and institutional clients.
- Lincoln UK: (3% of FY06 operating income), focuses on life insurance and investment management operations in the UK.
- Lincoln Financial Media (3% of FY06 operating income), acquired its first radio station in 1934, and now owns 18 radio stations, all in top 50 markets 3 television stations in major southeastern markets including North Carolina's first TV station and Lincoln Financial Sports (a TV production company that facilitates the broadcast of Atlantic Coast Conference and Southeastern Conference football and basketball throughout the Southeast).
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.
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