Lincoln National Corporation (NYSE: LNC) is one of the larger U.S. life insurance and retirement companies, with $417.2 billion of total assets at the end of 2025. It is headquartered in Radnor, Pennsylvania, keeps major operations in Fort Wayne, Indiana, Greensboro, North Carolina, and Omaha, Nebraska, and is led by chair, president, and CEO Ellen Cooper.
Lincoln Financial makes money in four reporting segments. Annuities sells variable, fixed, indexed, and registered index-linked annuities (RILAs) through banks, broker-dealers, and independent advisors, earning fees and investment spread; ending account balances net of reinsurance reached a record $182 billion in Q2 2026. Life Insurance sells term, universal, indexed, variable, and executive-benefit policies, earning premiums, cost-of-insurance charges, and investment income. Group Protection sells disability, life, dental, vision, accident, critical-illness, and leave-management coverage to employers, earning premiums. Retirement Plan Services runs 401(k), 403(b), and 457 plans for employers, especially in healthcare, education, and government, with a record $131 billion in account balances in Q2 2026. In FY2025, revenue split into $6.666B of premiums, $5.496B of fee income, and $6.075B of net investment income, plus other revenue and realized gains or losses.