OverviewSuggest Edit

Lincoln Financial (also known as Lincoln National) is a company providing a range of financial services and solutions. It focuses on four business areas: life insurance, annuities, retirement plan services, and group protection.

TypePublic
Founded1905
HQStrafford, PA, US
Websitelfg.com
Employee Ratings3.6
Overall CultureD

Latest Updates

Employees (est.) (Dec 2020)10,966(-3%)
Job Openings246
Revenue (FY, 2020)$17.4 B(+2%)
Share Price (Oct 2021)$72.3
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Key People/Management at Lincoln Financial

Dennis R. Glass

Dennis R. Glass

President and Chief Executive Officer, Board Member
Craig T. Beazer

Craig T. Beazer

Executive Vice President and General Counsel
Randal J. Freitag

Randal J. Freitag

Executive Vice President, Chief Financial Officer and Head of Individual Life
John C. Kennedy

John C. Kennedy

Executive Vice President, President, Lincoln Financial Distributors
Bob Reiff

Bob Reiff

Senior Vice President of Group Protection, Distribution
John Foley

John Foley

SVP, Head of Mortgage and Real Estate
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Lincoln Financial Office Locations

Lincoln Financial has offices in Strafford, Atlanta, Concord, Fort Wayne and in 11 other locations
Strafford, PA, US (HQ)
Radnor Financial Center, 150 N Radnor Chester Rd
Atlanta, GA, US
2727 Paces Ferry Rd SE
Concord, NH, US
1 Granite Pl
Fort Wayne, IN, US
1300 S Clinton St
Greensboro, NC, US
100 N Greene St
Hartford, CT, US
350 Church St
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Lincoln Financial Financials and Metrics

Lincoln Financial Revenue

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Lincoln Financial's revenue was reported to be $17.44 b in FY, 2020 which is a 1% increase from the previous period.
USD

Revenue (Q1, 2021)

4.5b

Gross profit (Q1, 2021)

1.6b

Gross profit margin (Q1, 2021), %

34.6%

Net income (Q1, 2021)

225.0m

Market capitalization (15-Oct-2021)

13.8b

Closing stock price (15-Oct-2021)

72.3

Cash (31-Mar-2021)

1.4b

EV

19.0b
Lincoln Financial's current market capitalization is $13.8 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

16.4b17.3b17.4b

Revenue growth, %

15%5%1%

Cost of goods sold

9.4b10.7b11.6b

Gross profit

7.0b6.6b5.8b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

4.0b4.3b4.6b4.4b3.5b5.4b4.5b

Cost of goods sold

2.4b2.5b3.2b3.2b2.5b3.2b3.0b

Gross profit

1.5b1.8b1.4b1.9b1.1b2.1b1.6b

Gross profit Margin, %

39%41%31%43%30%40%35%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

2.3b2.6b1.7b

Goodwill

1.8b1.8b1.8b

Total Assets

298.1b334.8b365.9b

Short-term debt

300.0m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

1.6b3.3b2.9b6.2b4.2b2.6b1.4b

Goodwill

1.8b1.8b1.8b1.8b1.8b1.8b1.8b

Total Assets

314.3b322.3b325.3b318.6b339.7b347.8b366.8b

Short-term debt

300.0m300.0m300.0m300.0m
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

1.6b886.0m499.0m

Cash From Operating Activities

1.9b(2.7b)534.0m

Cash From Investing Activities

(5.8b)(5.5b)(9.5b)

Long-term Borrowings

(560.0m)(350.0m)(1.1b)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

252.0m616.0m454.0m52.0m(42.0m)356.0m225.0m

Cash From Operating Activities

(1.3b)(2.6b)(2.9b)455.0m971.0m341.0m(642.0m)

Cash From Investing Activities

(1.1b)(59.0m)(2.3b)742.0m(3.4b)(6.4b)(712.0m)

Long-term Borrowings

(150.0m)(300.0m)(1.1b)(1.1b)
USDFY, 2018

EV/CFO

7.2 x

Revenue/Employee

1.5m

Debt/Equity

0.4 x

Financial Leverage

20.8 x

P/E Ratio

6.9
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Lincoln Financial Operating Metrics

FY, 2018FY, 2019

Agents

1.03 k1.38 k
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Lincoln Financial Acquisitions / Subsidiaries

Company NameDateDeal Size
Liberty Life Assurance Company of BostonMay 01, 2018$3.3 b
California Fringe Benefit and Insurance Marketing Corporation
First Penn-Pacific Life Insurance Company
Jefferson-Pilot Investments, Inc.
LFA, Limited Liability Company
LFD Insurance Agency, Limited Liability Company
Lincoln Financial Advisors Corporation
Lincoln Financial Distributors, Inc.
Lincoln Financial Group Trust Company, Inc.
Lincoln Financial Limited Liability Company I
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Lincoln Financial Revenue Breakdown

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Lincoln Financial revenue breakdown by business segment: 24.5% from Annuities, 6.7% from Retirement Plan Services, 41.4% from Life Insurance, 26.4% from Group Protection and 1.0% from Other

Human Capital Metrics

Source: craft.co
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Lincoln Financial Online and Social Media Presence

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Lincoln Financial Company Culture

  • Overall Culture

    D

    56/100

  • CEO Rating

    D

    60/100

  • Compensation

    A+

    100/100

Learn more on Comparably

Lincoln Financial News and Updates

LPL Financial Launches SMS Plus Powered by Lincoln Financial Group

Solution makes it easier for small businesses to offer employer-sponsored retirement plans Solution makes it easier for small businesses to offer employer-sponsored retirement plans

Lincoln Financial stock rallies after $9.4 billion reinsurance agreement

Shares of Lincoln Financial Group rallied 4.0% in premarket trading Friday, after the insurer announced an agreement with Resolution Life subsidiary Security Life of Denver Insurance Co., to reinsure about $9.4 billion of executive benefit and universal life reserves. Lincoln said it expects procee…

Lincoln Financial Blogs

Lincoln Financial Group Names Talbert Thomas Senior Vice President of Information Technology Strategy, Operations and Finance

Talbert Thomas will work to enhance Lincoln's customer & employee experience through ongoing development of the company's IT strategy and performance.

Pandemic Spurred Eight out of 10 People to Reevaluate Life and Finances

Pandemic spurred eight out of 10 people to reevaluate life and finances says new study from Lincoln Financial this National Retirement Security Month.

Hispanics Feel More Motivated When It Comes to Financial Planning, Says New Lincoln Financial Study

A new Lincoln Financial study says Hispanics feel more motivated about financial planning, but prioritize immediate expenses over longer-term goals.

Lincoln Financial Group Announces Flow Reinsurance Transaction With Talcott Resolution

Lincoln Financial Group (NYSE: LNC) today announced the entry into an agreement with Talcott Resolution Life Insurance Company to reinsure up to $1.5 billion in sales of Lincoln's flagship variable annuity living benefit rider.
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Lincoln Financial Frequently Asked Questions

  • When was Lincoln Financial founded?

    Lincoln Financial was founded in 1905.

  • Who are Lincoln Financial key executives?

    Lincoln Financial's key executives are Dennis R. Glass, Craig T. Beazer and Randal J. Freitag.

  • How many employees does Lincoln Financial have?

    Lincoln Financial has 10,966 employees.

  • What is Lincoln Financial revenue?

    Latest Lincoln Financial annual revenue is $17.4 b.

  • What is Lincoln Financial revenue per employee?

    Latest Lincoln Financial revenue per employee is $1.6 m.

  • Who are Lincoln Financial competitors?

    Competitors of Lincoln Financial include Ameriprise Financial, Principal Financial Group and Manulife.

  • Where is Lincoln Financial headquarters?

    Lincoln Financial headquarters is located at Radnor Financial Center, 150 N Radnor Chester Rd, Strafford.

  • Where are Lincoln Financial offices?

    Lincoln Financial has offices in Strafford, Atlanta, Concord, Fort Wayne and in 11 other locations.

  • How many offices does Lincoln Financial have?

    Lincoln Financial has 15 offices.