Lincoln National Corporation

Is Lincoln Financial the same as Lincoln National?
Yes. Lincoln National Corporation is the legal holding company name; Lincoln Financial is the marketing name used for all customer-facing business.

Is Lincoln Financial publicly traded?
Yes. It trades on the NYSE under ticker LNC.

Who is the CEO of Lincoln Financial?
Ellen Cooper is Chairman, President, and Chief Executive Officer.

Is Lincoln Financial related to Abraham Lincoln?
Only by name. The company received permission in 1905 to use the Lincoln name from Robert Todd Lincoln, the president's son. The Lincoln family has no ownership or role.

What is Lincoln Financial's revenue?
FY2025 revenue was $18.2 billion with net income of $1.2 billion and total assets of approximately $417 billion.

Perry Randall and Arthur Hall founded Lincoln National Life Insurance Company in Fort Wayne, Indiana, in 1905, receiving Robert Todd Lincoln's permission to use his father's name. The company grew into a major US life insurer through the twentieth century, adding annuities, group benefits, and retirement products.

Lincoln National Corporation was organized as an Indiana holding company in 1968. Acquisitions including Liberty Life and Jefferson-Pilot (2006, roughly $7.5 billion) expanded the life insurance and retirement businesses, and headquarters moved to Radnor, Pennsylvania, in 1999.

The post-2020 period brought volatility: pandemic-era mortality and assumption review charges pressured earnings, and the company undertook a multi-year repositioning beginning in 2023 to rebuild capital and shift toward less volatile products. Ellen Cooper, named CEO in 2022 and Chairman in 2023, has led the turnaround. By the end of 2025 the company reported adjusted operating income growth across six consecutive quarters.

Lincoln publishes annual sustainability reporting covering its investment portfolio, workforce, and community programs, including the Lincoln Financial Foundation's work in Radnor and Fort Wayne.

Governance scrutiny is routine for the sector: insurance regulators supervise each subsidiary, and the company faces periodic litigation over annuity sales practices common across the industry.

Assumption review charges: Lincoln, like peers, has taken periodic charges on life and annuity reserve assumptions, including notable charges during the 2020-2022 period that contributed to the multi-year repositioning.

Annuity sales scrutiny: The sector faces ongoing state and SEC best-interest compliance requirements for annuity sales; Lincoln participates under the standard regulatory framework with no dominant company-specific controversy.