LFG.com
Lincoln Financial Group
Organized in 1968 under the laws of the state of Indiana, Lincoln National Corporation is one of the largest holding companies. The company operates multiple insurance and investment management businesses through subsidiary companies. Lincoln Financial Group is the marketing name for LNC and its subsidiaries. Through its different business segments, the company markets a wide range of wealth protection and accumulation products. The most important subsidiaries of LNC are The Lincoln National Life Insurance Company, First Penn-Pacific Life Insurance Company, Lincoln Life & Annuity Company of New York, Delaware Management Holdings, Lincoln National (UK), Lincoln Financial Advisors (LFA) and Lincoln Financial Distributors (LFD).
History
In 1902, Wilbur Wynant founded the Fraternal Assurance Society of America, a mutual organization where surviving members contributed to the death benefits of the deceased members. In 1905, this society was restructured into a stock company and obtained an approval to use Lincoln’s name. The first policy of the company was written in 1905 and through a series of acquisitions, the company expanded further specializing in risk assessment. In 1968, the company formed the holding company Lincoln National and started diversifying its interests. The company bought Chicago Title and Trust and other life and reinsurance companies. Eventually, the firm also entered health benefits business with its own HMO and investing in EMPHESYS.
In the following years, the company purchased Delaware Management Holdings, Laurentian Financial Group, UNUM’s group tax-qualified annuity business, Voyageur Fund Managers, CIGNA’s annuity and individual life insurance business, and Aetna’s US individual life insurance operations. Moving to Philadelphia in the year 1999, the company sold its individual disability income business and reinsurance operations. In 2002, the company acquired Administrative Management Group (AMG), an employee benefits record-keeping firm. AMG is a strategic partner of LNC’s retirement segment and offers record keeping services for the Lincoln Alliance Program, apart from 400 other clients nationwide. In 2004, the company signed an agreement to sell Delaware International Advisors to Hellman & Friedman Corporation.
In 2006, the company acquired Jefferson-Pilot Corporation thereby expanding its interests into group life, disability, and dental insurance divisions. In addition to this, Lincoln Financial also acquired Jefferson-Pilot's television and radio operations, renaming it as Lincoln Financial Media. With this acquisition, the group owns 18 radio stations in Charlotte, Miami, San Diego, Denver, and Atlanta. Also, the company owns WBTV, WCSC-TV, and WWBT.
Business Profile
The five different business segments of the company are Lincoln Retirement, Life Insurance, Investment Management, Lincoln UK, and Lincoln Financial Media. The primary activity of LNC is to provide insurance and investment management services through its subsidiaries. Through its different business segments, LNC markets a wide range of wealth protection and accumulation products like fixed annuities, variable annuities, variable universal life insurance, universal life insurance, retail mutual funds, term life insurance, individual insurance coverage, college savings plans, savings products and managed account products. In addition to this, the company also broadcasts and does sports programming business through seven of its business segments. The company has its operations in the United States, the United Kingdom and several other countries. In a significant development in the year 2006, Jefferson-Pilot Corporation, a financial services and broadcasting holding company merged into LNC. The annual sales of the company are about 9,070,000,000 with more than 10744 employees. The company is listed in the New York stock exchange with a symbol LNC.
Website
The official site of the company is LFG.com. The site provides customer support engine and a fair account of the company’s services. For more information about the company, its history, corporate profile and business information, other sites listed under references and additional readings can be consulted.
Languages
English
Address
- 1500 Market St., Ste. 3900
- Philadelphia, PA 19102-2112
Contact
- Tel. 215-448-1400
- Toll Free 877-275-5462
- Fax 215-448-3962
Employment
http://jobs.lincolnfinancial.com/article/what#
Lincoln Financial Group is a leading financial services firm and Fortune 500 company. Our four core business areas — life insurance, income, retirement plan services and group benefits — are focused on supporting, preserving, and enhancing our clients' lifestyles and providing better retirement outcomes. Through the collaboration of more than 9,000 dedicated and talented employees, Lincoln Financial provides a diverse range of financial tools and advice to help people take charge of their futures.
Related Domains
External Links
- Stock: LNC
- Alexa: Lfg.com
- Careers jobs.lincolnfinancial.com
