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Lincoln Financial Group
Lincoln Financial Group is a US-based insurance organisation founded in 1905. It provides annuities, retirement, life insurance, and group protection services.
Lincoln Financial Group
Lincoln Financial Group is a US-based insurance organisation founded in 1905. It provides annuities, retirement, life insurance, and group protection services. Bain Capital will acquire a 9.9% stake in the company.
General information
Firm type
Insurance
Year founded
1905
Location
Region
North America
Country
United States
City
Radnor
Corporate office
Radnor, PA, United States
Additional offices
Greensboro, NC · Fort Wayne, IN
Principals
Ellen G. Cooper
Chairman, President and CEO
Sector focus
Frequently asked questions
Who runs investment decisions at Lincoln Financial?
Ellen Cooper, formerly the Chief Investment Officer, now serves as Chairman, President, and CEO, retaining direct influence over asset allocation. The investment office operates under a centralized general-account model where credit research, commercial mortgage origination, and private-market commitments are managed by dedicated internal teams.
How does Lincoln Financial source private-market deal flow?
Lincoln accesses private markets primarily through two strategic partnerships: Bain Capital for middle-market private credit strategies, and Partners Group for royalty-focused evergreen funds. Direct origination occurs in commercial mortgages, where Lincoln’s in-house team in Greensboro, North Carolina, underwrites and manages loans on office, multifamily, and industrial properties.
What is the scale of Lincoln Financial’s general account investment portfolio?
The general account held roughly $100 billion in invested assets as of the firm’s 2025 annual filing. The portfolio is heavily weighted toward public investment-grade corporate bonds, with growing private-market allocations in commercial real estate lending, private credit, and alternative equity real estate.
Does Lincoln Financial take direct equity positions in real estate?
Yes. Beyond originating commercial mortgage loans, Lincoln holds alternative equity real estate investments, including mixed-use properties. These positions are managed separately from the mortgage loan portfolio and represent a direct ownership interest in physical assets across the United States.
How is the Lincoln Financial Foundation separated from the insurance operations?
The Lincoln Financial Foundation is a distinct 501(c)(3) entity created in 1962 that operates independently from the firm's investment arm. It concentrates giving on education, human services, and workforce development in core operating communities such as Philadelphia, Fort Wayne, and Greensboro.
What is Lincoln Financial’s connection to the Philadelphia Eagles?
Lincoln Financial holds the naming rights to Lincoln Financial Field, the NFL stadium where the Philadelphia Eagles play. The sponsorship agreement is a marketing partnership and does not represent an investment stake or ownership interest in the team.
How does Lincoln Financial’s leadership structure differ from other large life insurers?
Ellen Cooper’s 2022 promotion from Chief Investment Officer to CEO created a rare CIO-to-CEO pipeline among major US insurers. This shift brought an investment-centric, asset-allocation mindset to the top leadership level, diverging from the more common actuary or distribution-executive background of insurance company CEOs.
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