How many subsidiaries does LINCOLN NATIONAL CORP file with the SEC?

24, listed in its most recent exhibit 21. They are incorporated across 13 jurisdictions, led by Indiana, North Carolina, Vermont. 2 of them sit in offshore financial centres. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.

Is LINCOLN NATIONAL CORP financially healthy?

LINCOLN NATIONAL CORP scores 2 out of 7 on the Piotroski F-score. Only 7 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Who are the largest institutional holders of LINCOLN NATIONAL CORP?

Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are GEODE CAPITAL MANAGEMENT, LLC (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

LINCOLN NATIONAL CORP (LNC)

NYSE, NYSE · Life Insurance

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

American holding company

Corporate structure

24 entities across 13 jurisdictions, 2 in offshore financial centres. Read directly from the company’s own 10-K EX-21 filed 2026-02-19 — see the exhibit.

Which other public companies file entities in the same places:

Vermont5 Indiana4 Delaware4 England2 North Carolina1 Pennsylvania1 Barbados1 Bermuda1 Connecticut1 Tennessee1 New York1 New Hampshire1

Subsidiaries of LINCOLN NATIONAL CORP as disclosed in its SEC filing
Entity	Jurisdiction	Note
Lincoln National Corporation	Indiana
First Penn-Pacific Life Insurance Company	Indiana
Jefferson-Pilot Investments, Inc.	North Carolina
Lincoln Financial Reinsurance Company of Vermont	Vermont
Lincoln Insurance Services Limited	England
Lincoln SBP Trustee Limited	England
Lincoln Investment Management Company	Delaware
Lincoln National Management Corporation	Pennsylvania
Lincoln National Reinsurance Company (Barbados) Limited	Barbados	offshore centre

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

2 / 7

PASSReturn on assets positiveROA 0.3%
FAILOperating cash flow positiveOCF -167M
FAILReturn on assets improving0.8% → 0.3%
FAILCash flow exceeds earningsOCF -167M vs NI 1.2B
PASSLong-term debt ratio falling1.6% → 1.5% of assets
FAILCurrent ratio improvingno data
FAILNo share dilution173M → 186M shares
FAILGross margin improvingno gross profit reported
FAILAsset turnover improving0.05× → 0.04×

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	$17.4B	$499.0M	—	—	194,465,180
FY2021	$19.9B	$1.4B	—	—	189,098,767
FY2022	$18.8B	−$2.2B	—	—	172,700,155
FY2023	$11.6B	−$752.0M	—	—	170,738,655
FY2024	$18.4B	$3.3B	—	—	173,080,425
FY2025

Ownership flow

1 institutions tracked — 1 added, 0 reduced.

Institutional holders of LINCOLN NATIONAL CORP and their share-count change
Manager	Kind	Shares	Change	Value
GEODE CAPITAL MANAGEMENT, LLC	Index	3,193,783	+34,764	$112.9M

From 13F filings, which cover institutions managing over $100m and are filed up to 45 days after the quarter ends — so this is a considered position, not a live one, and it is not the whole shareholder register.

Capital returned

What the company actually paid out and bought back, as reported — the record behind any yield figure.

Dividend per share

2026Q2: $0.45
2026Q1: $0.45
2025Q3: $0.45
2025Q2: $0.45
2025Q1: $0.45
2024Q3: $0.45

Identity

CIK: 0000059558
SIC: 6311 · Life Insurance
Incorporated: IN
Headquarters: RADNOR, PA
Founded: 1905-00-00

Ownership

Institutional: 87.0%
Institutions: 777
Insiders: 0.3%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Other life insurance companies

LINCOLN NATIONAL CORP files under SIC 6311 — all 8 life insurance companies compared on assets and F-score.

PRUDENTIAL FINANCIAL INCPRU Jackson Financial Inc.JXN Brighthouse Financial, Inc.BHF Voya Financial, Inc.VOYA REINSURANCE GROUP OF AMERICA INCRGA F&G Annuities & Life, Inc.FG

Questions about LINCOLN NATIONAL CORP

How many subsidiaries does LINCOLN NATIONAL CORP file with the SEC?: 24, listed in its most recent exhibit 21. They are incorporated across 13 jurisdictions, led by Indiana, North Carolina, Vermont. 2 of them sit in offshore financial centres. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.
Is LINCOLN NATIONAL CORP financially healthy?: LINCOLN NATIONAL CORP scores 2 out of 7 on the Piotroski F-score. Only 7 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.
Who are the largest institutional holders of LINCOLN NATIONAL CORP?: Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are GEODE CAPITAL MANAGEMENT, LLC (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

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The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.

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Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.