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10-K primary document
LNC · Annual Report (Form 10-K) · Filed February 19, 2026

Lincoln National Corp — 10-K exhibit

exhibit21-lnc.htm
Lincoln National Corp on Boardroom Alpha
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Exhibit 21
Subsidiaries of Lincoln National Corporation
As of December 31, 2025
Organized Under Law of:Ownership
Lincoln National CorporationIndiana100%
First Penn-Pacific Life Insurance CompanyIndiana100%
Jefferson-Pilot Investments, Inc.North Carolina100%
Lincoln Financial Insurance Agency IncorporatedNew Hampshire100%
Lincoln Financial Reinsurance Company of VermontVermont100%
Lincoln Insurance Services LimitedEngland100%
Lincoln SBP Trustee LimitedEngland100%
Lincoln Investment Management CompanyDelaware100%
Lincoln National Management CorporationPennsylvania100%
Lincoln National Reinsurance Company (Barbados) LimitedBarbados100%
Lincoln Pinehurst Reinsurance Company (Bermuda) LimitedBermuda100%
The Lincoln National Life Insurance CompanyIndiana100%
LFD Insurance Agency, Limited Liability CompanyDelaware100%
Lincoln Assignment CorporationDelaware100%
Lincoln Financial Distributors, Inc.Connecticut100%
Lincoln Financial Investments CorporationTennessee100%
Lincoln Investment Solutions, Inc.Delaware100%
Lincoln Life & Annuity Company of New YorkNew York100%
Lincoln Reinsurance Company of Vermont IVermont100%
Lincoln Reinsurance Company of Vermont IVVermont100%
Lincoln Reinsurance Company of Vermont VIVermont100%
Lincoln Reinsurance Company of Vermont VIIVermont100%
Lincoln Retirement Services Company, LLCIndiana100%
Lincoln Financial Group Trust Company, Inc.New Hampshire100%
Westfield Assigned Benefits CompanyOhio100%
Those subsidiaries not listed would not, in the aggregate, constitute a “significant subsidiary” of Lincoln National Corporation, as that term is defined in Rule 1-02(w) of Regulation S-X.



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