Lincoln Financial Group is the marketing name for Lincoln National Corporation and its affiliates. With headquarters in Philadelphia, the companies of Lincoln Financial Group had assets under management of over $214 billion as of June 30, 2014.
Through its affiliated companies, Lincoln Financial Group offers: annuities; life, group life, disability and dental insurance; employer-sponsored retirement plans; savings plans; and comprehensive financial planning and advisory services.
The company takes its name from President Abraham Lincoln. The company also sponsors Lincoln Financial Field, home of the NFL's Philadelphia Eagles.
The company reported revenues in 2013 of $11.96 billion and net income of $1.2 billion.
Consolidated deposits were up 17% in 2013 to $26.7 billion. Total deposits for annuities were $14.8 billion, up 28%.
The Lincoln National Life Insurance Company opened for business with four employees - three agents and a stenographer - in September 1905 in Fort Wayne, IN. Thirty-three Fort Wayne businessmen signed the company's articles of incorporation the previous May and the State of Indiana chartered the new insurance enterprise on June 12.
Amid the stir of controversy that gripped the big, established insurers at the time, Lincoln's founders envisioned a new insurance enterprise - one based on dependability and honesty. "A life insurance company at which no one could ever point the finger of scorn," one of them later recalled.
Perry Randall, a Fort Wayne attorney and entrepreneur, suggested the name "Lincoln" for the new company, insisting that the integrity of a life insurance company was its most important asset.
Randall believed that the name of Abraham Lincoln would powerfully convey the spirit of integrity that the founders envisioned for the new company. The Board of Directors agreed and Arthur Hall, the company's secretary and General Manager, wrote to the 16th President's only surviving son, Robert Todd Lincoln, in late July to ask for a photograph of his father to be used on the company stationary.
Robert Todd Lincoln agreed to let the company to use its family name which helped Lincoln Financial become one of the nation's leading financial companies today.
In 2006, Lincoln merged with Jefferson Pilot Financial.
In early 2010, Lincoln completed the sale of Delaware Investments in order to focus on its insurance and retirement businesses.
Comprehensive medical plan.
Tuition reimbursement for undergraduate/graduate.
Short-term disability insurance.
Family and medical leave.
Free parking, fitness center, daycare facility and cafeteria at most locations.
Updated October 27, 2014