LINCOLN FINANCIAL GROUP
AM Best Grade: A+ (Superior) 5 stars
Address: 150 N. Radnor Chester Road, Radnor, PA 19087
Also known as: The Lincoln National Life Insurance Company, Lincoln Life & Annuity Company of New York
Lincoln National Life Insurance Company was started by a group of attorneys, bankers, brokers, wholesalers, manufacturers, physicians, and hoteliers on the second story of a Fort Wayne, IN bank in June 1905. In August 1905, Robert Todd Lincoln (son of Abraham Lincoln) authorized the company to use the likeness and name of his father for stationary and advertising purposes. This is after one of the company’s founders, Perry Randall argued that using Lincoln’s name would “convey a spirit of integrity.” Lincoln National first appeared on the New York Stock Exchange in 1969, and had it’s first marking on the London Stock Exchange in 1984, after acquiring Cannon Assurance of Wimbley, Middlesex, England. Shortly after they expanded to Asia after creating a strategic alliance with Dai-ichi in 1990. By 1994 Lincoln National also had representative offices in Beijing, Shanghai, and Guangzhou. In 1998, the board of directors voted to relocate the company’s headquarters to Philadelphia, they also decided to reorganize the company’s name to “Lincoln Financial Group” in order to increase it’s recognition as a financial services company.
Lincoln Financial Group celebrated it’s 100th anniversary in 2005 and is ranked number 223 on the 2015 Fortune’s 500 list. The company was ranked fourth amongst Life and Health insurers in 2014 but ranked first in Variable Universal Life Policy Sales and second in Universal Life Sales. As of March 2015, Lincoln Financial reports to having $222 billion dollars of assets under management and a net income of $300 million.
By Justin Nelson, August, 2015