A LETTER FROM OUR CEO

From our company’s origins in 1905, we have been committed to serving our customers, our shareholders and our communities. This is reflected not only through offering financial products and solutions designed to meet the needs of individuals and families at every life stage, but also in our commitment to improving the quality of life in the places where we live and work. By empowering our employees to do the right thing every time, we ensure the long-term sustainability of our company and our ability to keep our promises to the people who count on us. We do that by nurturing a culture that encourages learning, embraces diversity, and considers the impact of our actions. I’m proud of the advancements we made in 2016, including the highlights selected for this report.

Building stronger communities — I’m extremely proud to lead a company that employs so many women and men who strive to make a positive difference. This past year, Lincoln Financial employees donated more than $1 million to the United Way and its agencies. Our employees spent thousands of hours in volunteer efforts, and also gave more than $1 million in gifts to nonprofits, with an equal match from the Lincoln Financial Foundation. And through our Foundation, we distributed $10 million in corporate charitable contributions in 2016 alone. These contributions support agencies focused on education, art and culture, human services, and economic and workforce development, as they help people better their lives and build strong, vital communities.

Empowering and engaging employees — We encourage our employees to leverage their unique talents, skills and experiences for the benefit of our customers and communities. Our values guide our work, and we are committed to fostering a culture of diversity and inclusion. I’m pleased to share that I recently signed the CEO Action for Diversity & InclusionTM pledge. This affirms Lincoln Financial’s ongoing commitment to a work environment where every employee feels welcome and appreciated for who they are and what they bring to our organization. Lincoln Financial values a diverse, inclusive workforce, and we are proud to have received perfect scores and Best Places to Work awards in both the 2016 Human Rights Campaign Corporate Equality Index and the 2016 Disability Equality Index.

Our employees across the country are our most important asset and are fundamental to everything we do. Year after year, our employees play a significant role in our locations by working side-by-side with our nonprofit partners as volunteers or board members. Through our employee community programs, we encourage and support our colleagues, who give of their time and money to support local organizations. This dedication to meeting the needs of others is an important part of Lincoln’s legacy. It fuels our investment in our employees’ well-being across multiple dimensions, including physical, emotional and financial wellness and professional development opportunities through company-sponsored benefits, programs and resources.

Protecting our environment — Lincoln Financial remains committed to understanding, assessing and reducing our energy use over time. We began a concerted, company wide effort to lessen our environmental impact well ahead of the curve and to date we have made great strides. We have redesigned our buildings to increase energy efficiency while, in the case of older structures, preserving their historical integrity. We have also continually upgraded our operating systems, allowing us to cut costs while using fewer natural resources. As a result of these and other environmental efforts, Lincoln Financial has been ranked in the top third of the 2016 Newsweek Green Ranking.

Responsible business practices — Lincoln Financial puts integrity, respect and responsibility at the heart of our business practices. After more than 110 years of being guided by Abraham Lincoln’s values, it’s what our customers and business partners expect of us, and what we demand of ourselves. Our responsible business practices extend from our governance to our risk management and investment approach, which was recognized by EQDerivatives, Inc., in giving Lincoln Financial the 2016 Insurance Risk Management Team of the Year award. These practices also led to Lincoln Financial being included on the FTSE4Good and Dow Jones Sustainability Indices.

Lincoln Financial’s sustainable business practices do more than reflect our values; they help drive our success. Our business model has a demonstrated track record of stability and financial strength, and as a Fortune 250 company we play a significant role in the U.S. economy. Our strategy of consistency and sustainability is at the heart of creating value for our customers who depend on us for their families’ futures. Looking ahead, we will build on our progress as our corporate social responsibility and sustainability efforts evolve. These important goals, consistent with our commitment to live Lincoln’s legacy, are in keeping with the long-term nature of our guarantees and the fundamental nature of our business, namely, that the decisions we make today impact us and the people we serve for decades to come.

I strongly encourage you to read this report and see for yourself how we extend President Lincoln’s legacy through our service to our customers, our workplace and our communities.

 

Sincerely,

Dennis R. Glass

President and Chief Executive Officer

© 2017 Lincoln Financial Group

2016 Corporate Social Responsibility Report

From our company’s origins in 1905, we have been committed to serving our customers, our shareholders and our communities. This is reflected not only through offering financial products and solutions designed to meet the needs of individuals and families at every life stage, but also in our commitment to improving the quality of life in the places where we live and work. By empowering our employees to do the right thing every time, we ensure the long-term sustainability of our company and our ability to keep our promises to the people who count on us. We do that by nurturing a culture that encourages learning, embraces diversity, and considers the impact of our actions. I’m proud of the advancements we made in 2016, including the highlights selected for this report.

Building stronger communities — I’m extremely proud to lead a company that employs so many women and men who strive to make a positive difference. This past year, Lincoln Financial employees donated more than $1 million to the United Way and its agencies. Our employees spent thousands of hours in volunteer efforts, and also gave more than $1 million in gifts to nonprofits, with an equal match from the Lincoln Financial Foundation. And through our Foundation, we distributed $10 million in corporate charitable contributions in 2016 alone. These contributions support agencies focused on education, art and culture, human services, and economic and workforce development, as they help people better their lives and build strong, vital communities.

Empowering and engaging employees — We encourage our employees to leverage their unique talents, skills and experiences for the benefit of our customers and communities. Our values guide our work, and we are committed to fostering a culture of diversity and inclusion. I’m pleased to share that I recently signed the CEO Action for Diversity & InclusionTM pledge. This affirms Lincoln Financial’s ongoing commitment to a work environment where every employee feels welcome and appreciated for who they are and what they bring to our organization. Lincoln Financial values a diverse, inclusive workforce, and we are proud to have received perfect scores and Best Places to Work awards in both the 2016 Human Rights Campaign Corporate Equality Index and the 2016 Disability Equality Index.

Our employees across the country are our most important asset and are fundamental to everything we do. Year after year, our employees play a significant role in our locations by working side-by-side with our nonprofit partners as volunteers or board members. Through our employee community programs, we encourage and support our colleagues, who give of their time and money to support local organizations. This dedication to meeting the needs of others is an important part of Lincoln’s legacy. It fuels our investment in our employees’ well-being across multiple dimensions, including physical, emotional and financial wellness and professional development opportunities through company-sponsored benefits, programs and resources.

Protecting our environment — Lincoln Financial remains committed to understanding, assessing and reducing our energy use over time. We began a concerted, company wide effort to lessen our environmental impact well ahead of the curve and to date we have made great strides. We have redesigned our buildings to increase energy efficiency while, in the case of older structures, preserving their historical integrity. We have also continually upgraded our operating systems, allowing us to cut costs while using fewer natural resources. As a result of these and other environmental efforts, Lincoln Financial has been ranked in the top third of the 2016 Newsweek Green Ranking.

Responsible business practices — Lincoln Financial puts integrity, respect and responsibility at the heart of our business practices. After more than 110 years of being guided by Abraham Lincoln’s values, it’s what our customers and business partners expect of us, and what we demand of ourselves. Our responsible business practices extend from our governance to our risk management and investment approach, which was recognized by EQDerivatives, Inc., in giving Lincoln Financial the 2016 Insurance Risk Management Team of the Year award. These practices also led to Lincoln Financial being included on the FTSE4Good and Dow Jones Sustainability Indices.

Lincoln Financial’s sustainable business practices do more than reflect our values; they help drive our success. Our business model has a demonstrated track record of stability and financial strength, and as a Fortune 250 company we play a significant role in the U.S. economy. Our strategy of consistency and sustainability is at the heart of creating value for our customers who depend on us for their families’ futures. Looking ahead, we will build on our progress as our corporate social responsibility and sustainability efforts evolve. These important goals, consistent with our commitment to live Lincoln’s legacy, are in keeping with the long-term nature of our guarantees and the fundamental nature of our business, namely, that the decisions we make today impact us and the people we serve for decades to come.

I strongly encourage you to read this report and see for yourself how we extend President Lincoln’s legacy through our service to our customers, our workplace and our communities.

 

Sincerely,

Dennis R. Glass

President and Chief Executive Officer

From our company’s origins in 1905, we have been committed to serving our customers, our shareholders and our communities. This is reflected not only through offering financial products and solutions designed to meet the needs of individuals and families at every life stage, but also in our commitment to improving the quality of life in the places where we live and work. By empowering our employees to do the right thing every time, we ensure the long-term sustainability of our company and our ability to keep our promises to the people who count on us. We do that by nurturing a culture that encourages learning, embraces diversity, and considers the impact of our actions. I’m proud of the advancements we made in 2016, including the highlights selected for this report.

Building stronger communities — I’m extremely proud to lead a company that employs so many women and men who strive to make a positive difference. This past year, Lincoln Financial employees donated more than $1 million to the United Way and its agencies. Our employees spent thousands of hours in volunteer efforts, and also gave more than $1 million in gifts to nonprofits, with an equal match from the Lincoln Financial Foundation. And through our Foundation, we distributed $10 million in corporate charitable contributions in 2016 alone. These contributions support agencies focused on education, art and culture, human services, and economic and workforce development, as they help people better their lives and build strong, vital communities.

Empowering and engaging employees — We encourage our employees to leverage their unique talents, skills and experiences for the benefit of our customers and communities. Our values guide our work, and we are committed to fostering a culture of diversity and inclusion. I’m pleased to share that I recently signed the CEO Action for Diversity & InclusionTM pledge. This affirms Lincoln Financial’s ongoing commitment to a work environment where every employee feels welcome and appreciated for who they are and what they bring to our organization. Lincoln Financial values a diverse, inclusive workforce, and we are proud to have received perfect scores and Best Places to Work awards in both the 2016 Human Rights Campaign Corporate Equality Index and the 2016 Disability Equality Index.

Our employees across the country are our most important asset and are fundamental to everything we do. Year after year, our employees play a significant role in our locations by working side-by-side with our nonprofit partners as volunteers or board members. Through our employee community programs, we encourage and support our colleagues, who give of their time and money to support local organizations. This dedication to meeting the needs of others is an important part of Lincoln’s legacy. It fuels our investment in our employees’ well-being across multiple dimensions, including physical, emotional and financial wellness and professional development opportunities through company-sponsored benefits, programs and resources.

Protecting our environment — Lincoln Financial remains committed to understanding, assessing and reducing our energy use over time. We began a concerted, company wide effort to lessen our environmental impact well ahead of the curve and to date we have made great strides. We have redesigned our buildings to increase energy efficiency while, in the case of older structures, preserving their historical integrity. We have also continually upgraded our operating systems, allowing us to cut costs while using fewer natural resources. As a result of these and other environmental efforts, Lincoln Financial has been ranked in the top third of the 2016 Newsweek Green Ranking.

Responsible business practices — Lincoln Financial puts integrity, respect and responsibility at the heart of our business practices. After more than 110 years of being guided by Abraham Lincoln’s values, it’s what our customers and business partners expect of us, and what we demand of ourselves. Our responsible business practices extend from our governance to our risk management and investment approach, which was recognized by EQDerivatives, Inc., in giving Lincoln Financial the 2016 Insurance Risk Management Team of the Year award. These practices also led to Lincoln Financial being included on the FTSE4Good and Dow Jones Sustainability Indices.

Lincoln Financial’s sustainable business practices do more than reflect our values; they help drive our success. Our business model has a demonstrated track record of stability and financial strength, and as a Fortune 250 company we play a significant role in the U.S. economy. Our strategy of consistency and sustainability is at the heart of creating value for our customers who depend on us for their families’ futures. Looking ahead, we will build on our progress as our corporate social responsibility and sustainability efforts evolve. These important goals, consistent with our commitment to live Lincoln’s legacy, are in keeping with the long-term nature of our guarantees and the fundamental nature of our business, namely, that the decisions we make today impact us and the people we serve for decades to come.

I strongly encourage you to read this report and see for yourself how we extend President Lincoln’s legacy through our service to our customers, our workplace and our communities.

 

Sincerely,

Dennis R. Glass

President and Chief Executive Officer

From our company’s origins in 1905, we have been committed to serving our customers, our shareholders and our communities. This is reflected not only through offering financial products and solutions designed to meet the needs of individuals and families at every life stage, but also in our commitment to improving the quality of life in the places where we live and work. By empowering our employees to do the right thing every time, we ensure the long-term sustainability of our company and our ability to keep our promises to the people who count on us. We do that by nurturing a culture that encourages learning, embraces diversity, and considers the impact of our actions. I’m proud of the advancements we made in 2016, including the highlights selected for this report.

Building stronger communities — I’m extremely proud to lead a company that employs so many women and men who strive to make a positive difference. This past year, Lincoln Financial employees donated more than $1 million to the United Way and its agencies. Our employees spent thousands of hours in volunteer efforts, and also gave more than $1 million in gifts to nonprofits, with an equal match from the Lincoln Financial Foundation. And through our Foundation, we distributed $10 million in corporate charitable contributions in 2016 alone. These contributions support agencies focused on education, art and culture, human services, and economic and workforce development, as they help people better their lives and build strong, vital communities.

Empowering and engaging employees — We encourage our employees to leverage their unique talents, skills and experiences for the benefit of our customers and communities. Our values guide our work, and we are committed to fostering a culture of diversity and inclusion. I’m pleased to share that I recently signed the CEO Action for Diversity & InclusionTM pledge. This affirms Lincoln Financial’s ongoing commitment to a work environment where every employee feels welcome and appreciated for who they are and what they bring to our organization. Lincoln Financial values a diverse, inclusive workforce, and we are proud to have received perfect scores and Best Places to Work awards in both the 2016 Human Rights Campaign Corporate Equality Index and the 2016 Disability Equality Index.

Our employees across the country are our most important asset and are fundamental to everything we do. Year after year, our employees play a significant role in our locations by working side-by-side with our nonprofit partners as volunteers or board members. Through our employee community programs, we encourage and support our colleagues, who give of their time and money to support local organizations. This dedication to meeting the needs of others is an important part of Lincoln’s legacy. It fuels our investment in our employees’ well-being across multiple dimensions, including physical, emotional and financial wellness and professional development opportunities through company-sponsored benefits, programs and resources.

Protecting our environment — Lincoln Financial remains committed to understanding, assessing and reducing our energy use over time. We began a concerted, company wide effort to lessen our environmental impact well ahead of the curve and to date we have made great strides. We have redesigned our buildings to increase energy efficiency while, in the case of older structures, preserving their historical integrity. We have also continually upgraded our operating systems, allowing us to cut costs while using fewer natural resources. As a result of these and other environmental efforts, Lincoln Financial has been ranked in the top third of the 2016 Newsweek Green Ranking.

Responsible business practices — Lincoln Financial puts integrity, respect and responsibility at the heart of our business practices. After more than 110 years of being guided by Abraham Lincoln’s values, it’s what our customers and business partners expect of us, and what we demand of ourselves. Our responsible business practices extend from our governance to our risk management and investment approach, which was recognized by EQDerivatives, Inc., in giving Lincoln Financial the 2016 Insurance Risk Management Team of the Year award. These practices also led to Lincoln Financial being included on the FTSE4Good and Dow Jones Sustainability Indices.

Lincoln Financial’s sustainable business practices do more than reflect our values; they help drive our success. Our business model has a demonstrated track record of stability and financial strength, and as a Fortune 250 company we play a significant role in the U.S. economy. Our strategy of consistency and sustainability is at the heart of creating value for our customers who depend on us for their families’ futures. Looking ahead, we will build on our progress as our corporate social responsibility and sustainability efforts evolve. These important goals, consistent with our commitment to live Lincoln’s legacy, are in keeping with the long-term nature of our guarantees and the fundamental nature of our business, namely, that the decisions we make today impact us and the people we serve for decades to come.

I strongly encourage you to read this report and see for yourself how we extend President Lincoln’s legacy through our service to our customers, our workplace and our communities.

 

Sincerely,

Dennis R. Glass

President and Chief Executive Officer

From our company’s origins in 1905, we have been committed to serving our customers, our shareholders and our communities. This is reflected not only through offering financial products and solutions designed to meet the needs of individuals and families at every life stage, but also in our commitment to improving the quality of life in the places where we live and work. By empowering our employees to do the right thing every time, we ensure the long-term sustainability of our company and our ability to keep our promises to the people who count on us. We do that by nurturing a culture that encourages learning, embraces diversity, and considers the impact of our actions. I’m proud of the advancements we made in 2016, including the highlights selected for this report.

Building stronger communities — I’m extremely proud to lead a company that employs so many women and men who strive to make a positive difference. This past year, Lincoln Financial employees donated more than $1 million to the United Way and its agencies. Our employees spent thousands of hours in volunteer efforts, and also gave more than $1 million in gifts to nonprofits, with an equal match from the Lincoln Financial Foundation. And through our Foundation, we distributed $10 million in corporate charitable contributions in 2016 alone. These contributions support agencies focused on education, art and culture, human services, and economic and workforce development, as they help people better their lives and build strong, vital communities.

Empowering and engaging employees — We encourage our employees to leverage their unique talents, skills and experiences for the benefit of our customers and communities. Our values guide our work, and we are committed to fostering a culture of diversity and inclusion. I’m pleased to share that I recently signed the CEO Action for Diversity & InclusionTM pledge. This affirms Lincoln Financial’s ongoing commitment to a work environment where every employee feels welcome and appreciated for who they are and what they bring to our organization. Lincoln Financial values a diverse, inclusive workforce, and we are proud to have received perfect scores and Best Places to Work awards in both the 2016 Human Rights Campaign Corporate Equality Index and the 2016 Disability Equality Index.

Our employees across the country are our most important asset and are fundamental to everything we do. Year after year, our employees play a significant role in our locations by working side-by-side with our nonprofit partners as volunteers or board members. Through our employee community programs, we encourage and support our colleagues, who give of their time and money to support local organizations. This dedication to meeting the needs of others is an important part of Lincoln’s legacy. It fuels our investment in our employees’ well-being across multiple dimensions, including physical, emotional and financial wellness and professional development opportunities through company-sponsored benefits, programs and resources.

Protecting our environment — Lincoln Financial remains committed to understanding, assessing and reducing our energy use over time. We began a concerted, company wide effort to lessen our environmental impact well ahead of the curve and to date we have made great strides. We have redesigned our buildings to increase energy efficiency while, in the case of older structures, preserving their historical integrity. We have also continually upgraded our operating systems, allowing us to cut costs while using fewer natural resources. As a result of these and other environmental efforts, Lincoln Financial has been ranked in the top third of the 2016 Newsweek Green Ranking.

Responsible business practices — Lincoln Financial puts integrity, respect and responsibility at the heart of our business practices. After more than 110 years of being guided by Abraham Lincoln’s values, it’s what our customers and business partners expect of us, and what we demand of ourselves. Our responsible business practices extend from our governance to our risk management and investment approach, which was recognized by EQDerivatives, Inc., in giving Lincoln Financial the 2016 Insurance Risk Management Team of the Year award. These practices also led to Lincoln Financial being included on the FTSE4Good and Dow Jones Sustainability Indices.

Lincoln Financial’s sustainable business practices do more than reflect our values; they help drive our success. Our business model has a demonstrated track record of stability and financial strength, and as a Fortune 250 company we play a significant role in the U.S. economy. Our strategy of consistency and sustainability is at the heart of creating value for our customers who depend on us for their families’ futures. Looking ahead, we will build on our progress as our corporate social responsibility and sustainability efforts evolve. These important goals, consistent with our commitment to live Lincoln’s legacy, are in keeping with the long-term nature of our guarantees and the fundamental nature of our business, namely, that the decisions we make today impact us and the people we serve for decades to come.

I strongly encourage you to read this report and see for yourself how we extend President Lincoln’s legacy through our service to our customers, our workplace and our communities.

 

Sincerely,

Dennis R. Glass

President and Chief Executive Officer

From our company’s origins in 1905, we have been committed to serving our customers, our shareholders and our communities. This is reflected not only through offering financial products and solutions designed to meet the needs of individuals and families at every life stage, but also in our commitment to improving the quality of life in the places where we live and work. By empowering our employees to do the right thing every time, we ensure the long-term sustainability of our company and our ability to keep our promises to the people who count on us. We do that by nurturing a culture that encourages learning, embraces diversity, and considers the impact of our actions. I’m proud of the advancements we made in 2016, including the highlights selected for this report.

Building stronger communities — I’m extremely proud to lead a company that employs so many women and men who strive to make a positive difference. This past year, Lincoln Financial employees donated more than $1 million to the United Way and its agencies. Our employees spent thousands of hours in volunteer efforts, and also gave more than $1 million in gifts to nonprofits, with an equal match from the Lincoln Financial Foundation. And through our Foundation, we distributed $10 million in corporate charitable contributions in 2016 alone. These contributions support agencies focused on education, art and culture, human services, and economic and workforce development, as they help people better their lives and build strong, vital communities.

Empowering and engaging employees — We encourage our employees to leverage their unique talents, skills and experiences for the benefit of our customers and communities. Our values guide our work, and we are committed to fostering a culture of diversity and inclusion. I’m pleased to share that I recently signed the CEO Action for Diversity & InclusionTM pledge. This affirms Lincoln Financial’s ongoing commitment to a work environment where every employee feels welcome and appreciated for who they are and what they bring to our organization. Lincoln Financial values a diverse, inclusive workforce, and we are proud to have received perfect scores and Best Places to Work awards in both the 2016 Human Rights Campaign Corporate Equality Index and the 2016 Disability Equality Index.

Our employees across the country are our most important asset and are fundamental to everything we do. Year after year, our employees play a significant role in our locations by working side-by-side with our nonprofit partners as volunteers or board members. Through our employee community programs, we encourage and support our colleagues, who give of their time and money to support local organizations. This dedication to meeting the needs of others is an important part of Lincoln’s legacy. It fuels our investment in our employees’ well-being across multiple dimensions, including physical, emotional and financial wellness and professional development opportunities through company-sponsored benefits, programs and resources.

Protecting our environment — Lincoln Financial remains committed to understanding, assessing and reducing our energy use over time. We began a concerted, company wide effort to lessen our environmental impact well ahead of the curve and to date we have made great strides. We have redesigned our buildings to increase energy efficiency while, in the case of older structures, preserving their historical integrity. We have also continually upgraded our operating systems, allowing us to cut costs while using fewer natural resources. As a result of these and other environmental efforts, Lincoln Financial has been ranked in the top third of the 2016 Newsweek Green Ranking.

Responsible business practices — Lincoln Financial puts integrity, respect and responsibility at the heart of our business practices. After more than 110 years of being guided by Abraham Lincoln’s values, it’s what our customers and business partners expect of us, and what we demand of ourselves. Our responsible business practices extend from our governance to our risk management and investment approach, which was recognized by EQDerivatives, Inc., in giving Lincoln Financial the 2016 Insurance Risk Management Team of the Year award. These practices also led to Lincoln Financial being included on the FTSE4Good and Dow Jones Sustainability Indices.

Lincoln Financial’s sustainable business practices do more than reflect our values; they help drive our success. Our business model has a demonstrated track record of stability and financial strength, and as a Fortune 250 company we play a significant role in the U.S. economy. Our strategy of consistency and sustainability is at the heart of creating value for our customers who depend on us for their families’ futures. Looking ahead, we will build on our progress as our corporate social responsibility and sustainability efforts evolve. These important goals, consistent with our commitment to live Lincoln’s legacy, are in keeping with the long-term nature of our guarantees and the fundamental nature of our business, namely, that the decisions we make today impact us and the people we serve for decades to come.

I strongly encourage you to read this report and see for yourself how we extend President Lincoln’s legacy through our service to our customers, our workplace and our communities.

 

Sincerely,

Dennis R. Glass

President and Chief Executive Officer