Lincoln National Corporation (LNC)

Company ID: 279 | CIK: 0000059558
10-Q view:
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Segments are charted by their disclosed metrics (revenue, segment profit, etc.). Each line is a single segment. Reconciliation/corporate items are excluded. Major customers are shown as a percentage of revenue. Operational KPIs are grouped by metric concept; sub-metrics appear as separate lines.

Geographic Segments

Business Unit / Product Segments

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Major Customers (% of Revenue)

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Operational KPIs

Defined contribution wholesalers (advisors)

Contractholder funds (aua)

Total Account Values (aum)

Total sales (bookings)

Life insurance agencies (branches)

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Common Stock Repurchase Authorization (capacity)

Lapse rate (churn)

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Death Claims per $1,000 (claims_count)

Combined loss and expense ratio (combined_ratio)

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Contractors (contractors)

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Shareholders of record (customers)

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Plan participants served (customers_served)

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Deposits (deposits)

Equity Earnings in Unconsolidated Affiliates (equity_method_earnings)

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Lincoln Retirement Employees (headcount)

Preferred Securities of Subsidiary Trusts (loans_outstanding)

Loss Ratio (loss_ratio)

Net Flows (net_flows)

Interest Rate Margin (net_interest_margin)

Delinquent Mortgage Loans (nonperforming_loans)

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Group Protection Sales (orders_received)

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10-year CDS spread (other)

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401(k) deposits (other)

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A Securities (other)

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AA Securities (other)

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AFD share of annuity deposits (other)

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AFS securities in unrealized loss (other)

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AFS securities in unrealized loss position (other)

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Account values (other)

Account values at minimum guaranteed rates (other)

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Accrued Investment Income (other)

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Accrued Investment Income Change (other)

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Acquisition Assets (other)

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Acquisition Liabilities (other)

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Adjusted Income Base (other)

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Allowance for Loan Losses (other)

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Allowance for losses (other)

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Allowance for losses on impaired loans (other)

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Alternative investment partnerships (other)

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Alternative investments (other)

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American Legacy annuity account share (other)

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American Legacy annuity deposit share (other)

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American Legacy deposit share (other)

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Amortization of Goodwill (other)

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Amounts Recoverable from Reinsurers (other)

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Amounts Recoverable from Reinsurers Change (other)

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Annualized expense savings (other)

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Annuities Outflows as % of Avg Gross Account Balances (other)

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Annuities deposits (other)

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Annuities outflow rate (other)

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Annuities outflows (other)

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Annuity account values (other)

Annuity and mutual fund account values (other)

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Annuity deposits (other)

Annuity deposits by type (other)

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Annuity interest rate margin (other)

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Annuity interest rate spread (other)

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Annuity lapse rate (other)

Annuity outflow rate (other)

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Annuity outflows as % of account values (other)

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Annuity surrender outflow rate (other)

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Annuity withdrawals (other)

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Apartments (other)

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Average Common Shares Assuming Conversion (other)

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Average S&P 500 index (other)

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Average attained age (other)

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Average attained age of contract holders (other)

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Average common shares outstanding (other)

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Average daily S&P 500 (other)

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Average daily variable account values (other)

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Average impaired loans (other)

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Average life insurance face amount (other)

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Average policy face amount (other)

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Average premium per policy (other)

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Average premium per policy sold (other)

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Average repurchase price (other)

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Average shares outstanding (other)

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Average variable account values (other)

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BB Securities (other)

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BBB Securities (other)

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Bank agents reached (other)

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Below Investment Grade Percentage (other)

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Below Investment Grade Purchases (other)

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Below Investment Grade Sales (other)

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Below Investment Grade Securities (other)

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Below investment grade exposure (other)

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Below investment grade holdings (other)

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Below investment grade purchases (other)

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Below investment grade sales (other)

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Below investment grade securities (other)

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Below investment grade share (other)

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Below-investment-grade securities (other)

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Benefits and Settlement Expenses (other)

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Board Authorization for Share Repurchase (other)

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Book value per share (other)

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Broadcast stations (other)

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Broadcasting stations (other)

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COLI/BOLI account value (other)

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COLI/BOLI account values (other)

COLI/BOLI balance (other)

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COLI/BOLI in-force (other)

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Cash Collateral Change (other)

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Cash Dividends Declared (other)

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Cash Dividends Per Share (other)

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Cash and Invested Cash (other)

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Cash dividends declared per share (other)

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Cash returned to stockholders (other)

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Catastrophe losses (other)

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Ceded insurance in force (other)

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Ceded life in force (other)

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Change in Foreign Currency Translation (other)

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Closed-end funds (other)

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Closed-end funds managed (other)

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Collateralized reinsurance recoverable (other)

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Commercial Office Buildings (other)

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Commercial paper outstanding (other)

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Common Shares Outstanding (other)

Common Stock (other)

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Common Stock Assuming Conversion (other)

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Common Stock Balance (other)

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Common Stock Issued for Benefit Plans (other)

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Common Stock Outstanding (other)

Common Stock Repurchase Authorization (other)

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Common shares outstanding (other)

Common stock issued (other)

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Common stock outstanding (other)

Common stock shares outstanding (other)

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Comprehensive Income (Loss) (other)

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Consolidated assets (other)

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Consolidated stockholders' equity (other)

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Contracted planners and agents (other)

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Contractholder Funds (other)

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Contractholder Funds Change (other)

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Contractholder funds (other)

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Contracts in the money (other)

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Contracts with high death benefit ratio (other)

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Corporate bond investment grade share (other)

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Counterparty risk exposure (other)

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Countries served (other)

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Credit default swaps sold (other)

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Credit-linked note investment (other)

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Credit-linked notes (other)

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Credit-linked notes exposure (other)

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Crediting rates at minimum guaranteed rates (other)

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Customized transactions (other)

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DAC and VOBA deferrals as % of sales (other)

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DAC deferrals as % of premiums (other)

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DAC deferrals as % of sales (other)

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Death claims per $1,000 (other)

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Death claims per $1,000 in force (other)

Death claims per $1,000 in-force (other)

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Death claims per $1,000 of in-force (other)

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Death claims per in-force (other)

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Death claims rate (other)

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Debt Issued by Subsidiary (other)

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Deferred Acquisition Costs (other)

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Deferred Acquisition Costs Change (other)

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Defined Contribution account values (other)

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Defined contribution lapse rate (other)

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Delaware closed-end funds (other)

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Delaware open-end funds (other)

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Delinquent mortgage loans (other)

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Deposits (other)

Depreciation Provision (other)

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Dilutive Stock Options (other)

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Disability Income Claims Liabilities (other)

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Disability Income Claims Liability (other)

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Disability income claim liabilities (other)

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Disability income claims liability (other)

Disability income net liability (other)

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Distribution network (other)

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Dividends Paid (other)

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Dividends per common share (other)

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Earned premiums (other)

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Earnings Per Share (other)

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Earnings per share (other)

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Effective tax rate (other)

Embedded derivative reserves (other)

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Employee-paid sales mix (other)

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Employee-paid sales share (other)

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Employer Markets account values (other)

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Environmental Claims Liabilities (other)

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Environmental Claims Liability (other)

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Environmental claims liability (other)

Environmental claims reserves (other)

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Environmental loss reserves (other)

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Equity Securities (other)

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Expected annual expense savings (other)

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FHLB borrowing capacity (other)

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FHLB borrowings outstanding (other)

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FHLBI borrowing capacity (other)

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FTSE Index Call Options (other)

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FTSE index call options (other)

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FX forward notional (other)

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Federal Income Taxes (other)

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Federal Income Taxes Asset (other)

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Federal Income Taxes Change (other)

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Fees on AUM share of earnings (other)

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Financial planners reached (other)

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Fixed Annuity Account Values (other)

Fixed Annuity Deposits (other)

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Fixed Annuity Withdrawals (other)

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Fixed Maturity Securities (other)

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Fixed Maturity Securities Quality (other)

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Fixed annuity account value (other)

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Fixed annuity account values (other)

Fixed annuity deposits (other)

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Fixed annuity investment spread (other)

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Fixed annuity spread (other)

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Fixed maturity AFS yield (other)

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Fixed maturity credit quality (other)

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Fixed maturity portfolio quality (other)

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Fixed maturity portfolio return (other)

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Fixed maturity quality (other)

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Fixed maturity quality mix (other)

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Fixed maturity quality rating (other)

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Fixed maturity securities below investment grade (other)

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Fixed maturity securities by rating (other)

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Fixed maturity securities credit quality (other)

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Fixed maturity securities quality (other)

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Foreign Currency Swap Agreements (other)

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Foreign Currency Swaps (other)

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Foreign Currency Translation Adjustment (other)

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Foreign Exchange Forward Contracts (other)

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Foreign Exchange Options (other)

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Foreign currency option notional (other)

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Foreign currency options notional (other)

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Foreign currency swap agreements (other)

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Foreign currency swap notional (other)

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Foreign exchange forward contracts (other)

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Foreign exchange forward notional (other)

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Foreign exchange forwards notional (other)

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Foreign exchange futures contracts (other)

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Foreign exchange futures notional (other)

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Forward starting interest rate swaps (other)

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Fully Diluted EPS (other)

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Fund wholesalers (other)

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Future Policy Benefits (other)

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GAAP Reserve (other)

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GDB contracts in the money (other)

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GDB in the money (other)

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GDB net amount at risk (other)

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GIB account values (other)

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GIB separate account values (other)

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GLB account value share (other)

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GLB contracts in the money (other)

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GLB coverage of VA account values (other)

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GLB coverage of variable annuity account values (other)

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GLB exposure (other)

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GLB exposure after reinsurance (other)

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GLB exposure in the money (other)

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GLB feature penetration (other)

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GLB features penetration (other)

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GLB features percentage of VA account values (other)

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GLB features share of VA account values (other)

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GLB hedge assets (other)

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GLB in the money (other)

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GLB in-the-money contracts (other)

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GLB in-the-money exposure (other)

GLB in-the-money percentage (other)

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GLB in-the-money share (other)

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GLB net amount at risk (other)

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GLB penetration (other)

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GLB proportion of account values (other)

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GLB proportion of annuity account values (other)

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GLB proportion of variable annuity account values (other)

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GLB share of account values (other)

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GMDB GAAP Reserve (other)

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GMDB GAAP reserve (other)

GMDB Net Amount at Risk (other)

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GMDB Reserve (other)

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GMDB account value (other)

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GMDB coverage (other)

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GMDB net amount at risk (other)

GMDB reserve (other)

GMDB reserve liability (other)

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GMDB reserves (other)

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GMDB statutory reserve (other)

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GMWB elections (other)

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GMWB separate account values (other)

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GWB account values (other)

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GWB contracts in the money (other)

GWB exposure (other)

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GWB exposure after reinsurance (other)

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GWB exposure before reinsurance (other)

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GWB exposure net of reinsurance (other)

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GWB guaranteed exposure (other)

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GWB in-the-money (other)

GWB in-the-money contracts (other)

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GWB in-the-money percentage (other)

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GWB rider coverage (other)

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GWB rider penetration (other)

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Gain on Sale of Minority Interest (other)

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Gain on Spread-Lock Agreements (other)

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Gold Commodity Swap Agreements (other)

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Gold commodity swap (other)

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Gold commodity swap agreement (other)

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Goodwill (other)

Gross annuity deposits (other)

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Gross deposits (other)

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Gross unrealized gains (other)

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Gross unrealized losses (other)

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Gross unrealized losses on AFS securities (other)

Group Protection Sales (other)

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Group Protection sales (other)

Group Protection sales force (other)

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Group insurance sales (other)

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Group protection sales (other)

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Guaranteed benefit in-the-money (other)

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Guaranteed death benefit account values (other)

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Guaranteed death benefit contracts in the money (other)

Guaranteed death benefit net amount at risk (other)

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Guaranteed living benefit contracts in the money (other)

Guaranteed living benefit exposure (other)

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Guaranteed living benefit in-the-money contracts (other)

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Guaranteed variable annuity balances (other)

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Guaranteed withdrawal benefit in-the-money (other)

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HMO claims liability (other)

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HMO excess-of-loss reinsurance liabilities (other)

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Hedge asset fair value (other)

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Holding company available liquidity (other)

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Holding company liquidity (other)

Hotels/Motels (other)

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IPO Proceeds (other)

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IT Assets Inventoried (other)

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IT Assets Remediated (other)

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IT Projects Remediated (other)

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IT Projects Tested (other)

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Impaired loans no allowance (other)

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Impaired loans with allowance (other)

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Impaired mortgage loans (other)

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In-Force Face Amount (other)

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In-force face amount (other)

In-the-money GDB contracts (other)

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In-the-money GLB contracts (other)

Incremental annuity deposits (other)

Independent agencies (other)

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Indexed annuity deposits (other)

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Individual life in-force (other)

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Individual life insurance in-force (other)

Individual life insurance sales (other)

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Individual life sales (other)

Individual life sales face amount (other)

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Industrial Buildings (other)

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Institutional asset classes beating benchmarks (other)

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Institutional classes beating benchmark (other)

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Institutional pension account value (other)

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Insurance Fees (other)

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Insurance Policy and Claim Reserves (other)

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Insurance benefit reserves (other)

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Insurance brokers reached (other)

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Insurance policy and claim reserves (other)

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Insurance subsidiary dividend capacity (other)

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Interest Income on Impaired Loans (other)

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Interest Income on Restructured Loans (other)

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Interest Rate Cap Agreements (other)

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Interest Rate Cap Position (other)

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Interest Rate Floors (other)

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Interest Rate Swap (other)

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Interest Rate Swap Agreements (other)

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Interest Rate Swaps for Acquisition (other)

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Interest and Debt Expense (other)

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Interest income impaired loans (other)

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Interest income on impaired loans (other)

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Interest on Annuities and Financial Products (other)

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Interest rate cap agreements (other)

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Interest rate cap notional (other)

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Interest rate cap position (other)

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Interest rate caps notional (other)

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Interest rate caps notional amount (other)

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Interest rate credited to policyholders (other)

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Interest rate floors notional (other)

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Interest rate margin (other)

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Interest rate spread (other)

Interest rate swap agreements (other)

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Interest rate swap notional (other)

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Investment Advisory Fees (other)

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Investment Yield (other)

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Investment commitments (other)

Investment grade ABS (other)

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Investment grade corporate bonds (other)

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Investment grade percentage (other)

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Investment grade percentage of fixed maturity AFS (other)

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Investment grade securities (other)

Investment grade share of AFS (other)

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Investment portfolio yield (other)

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Investment spread share of earnings (other)

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Investment yield (other)

LOC commitment (other)

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LRCVI initial capital (other)

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LRCVI shares issued (other)

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LUS client market share (other)

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Lapse rate (other)

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Less than BB Securities (other)

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Letters of credit outstanding (other)

No 10-Q data

Liabilities Related to Separate Accounts (other)

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Liability for disability income claims (other)

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Life Insurance Account Values (other)

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Life Insurance Sales (other)

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Life Insurance deposits (other)

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Life Insurance sales (other)

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Life account values (other)

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Life insurance account values (other)

Life insurance in force ceded (other)

No 10-Q data

Life insurance in-force (other)

Life insurance in-force ceded (other)

No 10-Q data

Life insurance in-force face amount (other)

No 10-K data

Life insurance net amount at risk (other)

No 10-K data

Life insurance sales (other)

Life insurance sales face amount (other)

No 10-K data

Life net amount at risk (other)

No 10-K data

Life sales without long-term guarantees (other)

No 10-K data

Limited partnership investments (other)

No 10-K data

Lincoln UK life insurance in-force (other)

No 10-Q data

Lincoln UK unit-linked assets (other)

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Long Financial Futures (other)

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Long financial futures notional (other)

No 10-K data

Long-term Debt (other)

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Long-term Debt Issuance (other)

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Long-term Debt Principal Payments (other)

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Loss on Foreign Exchange Options (other)

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Loss on Long Financial Futures (other)

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Mean Invested Assets (other)

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Mean Invested Assets Growth (other)

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Mean Invested Assets Yield (other)

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Mean invested assets (other)

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Mean invested assets growth (other)

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Minority Interest Adjustment (other)

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Minority Interest in Consolidated Subsidiaries (other)

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Modco reinsurance reserves (other)

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Mortality/morbidity share of earnings (other)

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Mortgage Loans Delinquent (other)

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Mortgage Loans Percentage (other)

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Mortgage Loans on Real Estate (other)

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Mortgage loan allowance (other)

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Mortgage loan composition (other)

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Mortgage loan portfolio composition (other)

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Mortgage loan portfolio mix (other)

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Mortgage loan property mix (other)

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Mortgage loan property type mix (other)

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Mortgage loan property types (other)

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Mortgage loan provision for losses (other)

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Mortgage loan reserve (other)

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Mortgage loans delinquent (other)

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Mortgage loans portfolio share (other)

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Mortgage loans restructured (other)

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Mortgage loans share of portfolio (other)

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Mortgage-Backed Securities Adjustment (other)

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Mutual fund deposits (other)

No 10-K data

NAIC risk-based capital ratio (other)

No 10-Q data

NPR factor (other)

No 10-K data

Natural peril losses (other)

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Net Amount at Risk (other)

Net Amount at Risk (NAR) (other)

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Net Cash Provided by Operating Activities (other)

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Net Cash Used by Financing Activities (other)

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Net Cash Used in Investing Activities (other)

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Net Income (other)

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Net Income Before Minority Interest (other)

No 10-K data

Net Income Before Taxes (other)

No 10-K data

Net Income Before Taxes and Minority Interest (other)

No 10-K data

Net Increase in Cash (other)

No 10-K data

Net Investment Income (other)

No 10-K data

Net Realized Gain on Below Investment Grade (other)

No 10-K data

Net Unrealized Gain (Loss) on Securities (other)

No 10-K data

Net Unrealized Gain on Securities (other)

No 10-K data

Net amount at risk (other)

Net amount at risk - GMDB (other)

No 10-K data

Net collateral payable position (other)

No 10-K data

Net collateral position (other)

No 10-K data

Net impaired loans (other)

No 10-K data

Net impaired mortgage loans (other)

No 10-K data

Net initial commission value (other)

No 10-Q data

Net initial commissions (other)

No 10-Q data

Net investment income yield (other)

Net investment yield (other)

No 10-K data

Net unrealized gain on securities (other)

No 10-K data

Net write-downs and reserve releases (other)

No 10-K data

New annuity deposits (other)

No 10-Q data

New business via LMS clients (other)

No 10-Q data

New term life policies (other)

No 10-Q data

Non-IT Assets Inventoried (other)

No 10-K data

Non-IT Assets Remediated (other)

No 10-K data

Non-IT Projects Remediated (other)

No 10-K data

Non-IT Projects Tested (other)

No 10-K data

Non-income producing assets (other)

No 10-K data

Non-income producing investments (other)

No 10-K data

Non-income producing loans (other)

No 10-K data

Non-income producing mortgage loans (other)

No 10-K data

Number of AFS securities in unrealized loss (other)

No 10-K data

Number of Reportable Segments (other)

No 10-Q data

Open-end funds (other)

No 10-Q data

Open-end funds managed (other)

No 10-Q data

Other Assets (other)

No 10-K data

Other Change in Unrealized Gain (other)

No 10-K data

Other Intangible Assets (other)

No 10-K data

Other Investing Activities (other)

No 10-K data

Other Investments Purchases (other)

No 10-K data

Other Investments Sales (other)

No 10-K data

Other Liabilities (other)

No 10-K data

Other Operating Activities (other)

No 10-K data

Other Properties (other)

No 10-K data

Other Revenue (other)

No 10-K data

Other-than-temporary impairments (other)

No 10-Q data

Overall annuity lapse rate (other)

No 10-Q data

Overall lapse rate (other)

No 10-K data

Overall yield on investments (other)

No 10-K data

Ownership Percentage (other)

No 10-K data

Pension plan assets (other)

No 10-Q data

Personal Accident Programs Liability (other)

No 10-K data

Personal Accident Reinsurance Liability (other)

No 10-K data

Personal accident liabilities (other)

No 10-K data

Personal accident loss reserves (other)

No 10-K data

Personal accident program liability (other)

No 10-K data

Personal accident reinsurance liabilities (other)

No 10-K data

Planners and agents (other)

No 10-Q data

Policy Liabilities (other)

No 10-K data

Policy Liabilities Change (other)

No 10-K data

Portfolio yield (other)

No 10-K data

Preferred Dividends (Pre-tax) (other)

No 10-K data

Preferred Securities Issuance (other)

No 10-K data

Preferred Securities Issued (other)

No 10-K data

Premiums and Fees Receivable (other)

No 10-K data

Premiums and Fees Receivable Change (other)

No 10-K data

Primary EPS (other)

No 10-K data

Proceeds from Sale of Minority Interest (other)

No 10-K data

Product concentration (other)

No 10-Q data

Product deposits (other)

No 10-K data

Property and Equipment (other)

No 10-K data

Property-Casualty Liabilities (other)

No 10-K data

Property-casualty liabilities for unpaid claims (other)

No 10-K data

Property-casualty unpaid claims (other)

No 10-K data

Protected Strategies funds (other)

No 10-Q data

Provision for loan losses (other)

No 10-K data

Provision for losses (other)

No 10-K data

Put Option Agreements (other)

No 10-K data

Put option agreements (other)

No 10-K data

QUIPS Issued (other)

No 10-K data

RBC ratio (other)

No 10-Q data

RBC ratio target (other)

No 10-Q data

RMBS market value (other)

No 10-K data

RPS market mix (other)

No 10-Q data

RPS outflows (other)

No 10-K data

Ratio of Earnings to Combined Fixed Charges and Preferred Dividends (other)

No 10-K data

Ratio of Earnings to Fixed Charges (other)

No 10-K data

Ratio of Earnings to Fixed Charges (Excluding Interest on Annuities) (other)

No 10-K data

Ratio of Earnings to Fixed Charges (Including Interest on Annuities) (other)

No 10-K data

Real Estate Percentage (other)

No 10-K data

Real estate portfolio share (other)

No 10-K data

Real estate share of portfolio (other)

No 10-K data

Realized Gain (Loss) on Investments (other)

No 10-K data

Realized Gain on Investments (other)

No 10-K data

Realized Gain on Investments Adjustment (other)

No 10-K data

Realized Gain on Sale of Minority Interest (other)

No 10-K data

Realized gain on investments (other)

No 10-K data

Registered closed-end funds (other)

No 10-Q data

Registered open-end funds (other)

No 10-Q data

Reinsurance life sales (other)

No 10-Q data

Reinsurance receivables (other)

No 10-Q data

Reinsurance recoverable (other)

No 10-Q data

Reinsurance recoverable from Swiss Re (other)

No 10-Q data

Reinsurance recoverables (other)

No 10-Q data

Remaining buyback authorization (other)

No 10-K data

Remaining repurchase authorization (other)

No 10-K data

Remaining share repurchase authorization (other)

No 10-K data

Rent (Pro-rated) (other)

No 10-K data

Rent Expense (other)

No 10-K data

Reserve for Mortgage Loans (other)

No 10-K data

Reserve for mortgage loans (other)

No 10-K data

Residential mortgage-backed securities (other)

No 10-K data

Restructured Mortgage Loans (other)

No 10-K data

Restructured loans (other)

No 10-K data

Restructured mortgage loans (other)

No 10-K data

Restructuring charges (other)

No 10-K data

Restructuring expense savings realized (other)

No 10-Q data

Retail Stores (other)

No 10-K data

Retail fund sales (other)

No 10-Q data

Retail funds in top Lipper half (other)

No 10-K data

Retail mutual funds offered (other)

No 10-Q data

Retained Earnings (other)

No 10-K data

Retirement Plan Services Fixed Deposits (other)

No 10-K data

Retirement Plan Services Mutual Fund Deposits (other)

No 10-K data

Retirement Plan Services Variable Deposits (other)

No 10-K data

Retirement Plan Services deposits (other)

No 10-K data

Retirement Plan Services fixed annuity deposits (other)

No 10-K data

Retirement Plan Services outflow rate (other)

Retirement Plan Services variable annuity deposits (other)

No 10-K data

Retirement Products account values (other)

No 10-K data

Retirement plan lapse rate (other)

No 10-Q data

Retirement plan outflow rate (other)

Reverse repurchase agreements (other)

No 10-K data

Revolver Credit Agreement (other)

No 10-K data

Revolving Credit Agreement Capacity (other)

No 10-K data

Revolving credit agreement availability (other)

No 10-K data

Risk premium (other)

No 10-K data

Risk-based capital ratio (other)

No 10-Q data

S&P 500 Index Options (other)

No 10-K data

S&P 500 Index daily average (other)

No 10-K data

S&P 500 index option notional (other)

No 10-K data

S&P 500 index options (other)

No 10-K data

Sales (other)

No 10-K data

Sales representatives (other)

No 10-Q data

Secondary guarantee UL share of in force (other)

No 10-K data

Secondary guarantee UL share of reserves (other)

No 10-K data

Secondary guarantee in force (other)

No 10-Q data

Secondary guarantee life products (other)

No 10-K data

Secondary guarantee life reserves (other)

No 10-K data

Secondary guarantee reserves share (other)

No 10-K data

Secondary guarantee sales (other)

No 10-Q data

Secondary guarantee share of in force (other)

No 10-K data

Secondary guarantee share of in-force (other)

No 10-K data

Secondary guarantee share of in-force reserves (other)

No 10-K data

Secondary guarantee share of life in-force reserves (other)

No 10-K data

Secondary guarantee share of life reserves (other)

No 10-K data

Secondary guarantee share of life sales (other)

No 10-K data

Secondary guarantee share of reserves (other)

No 10-K data

Secondary guarantee share of sales (other)

No 10-K data

Securities Maturities (other)

No 10-K data

Securities Purchases (other)

No 10-K data

Securities Sales (other)

No 10-K data

Securities lending outstanding (other)

No 10-K data

Securities on loan or subject to repurchase agreements (other)

No 10-K data

Securities on loan or subject to reverse repo (other)

No 10-K data

Segment assets under management (other)

No 10-K data

Separate account asset change (other)

No 10-K data

Separate account assets (other)

No 10-K data

Separate account balances (other)

No 10-K data

Separate account balances with guarantees (other)

No 10-K data

Separate account values with guarantees (other)

No 10-K data

Series A Preferred Balance (other)

No 10-K data

Series A Preferred Converted (other)

No 10-K data

Series A Preferred Stock (other)

No 10-K data

Share Repurchase Authorization Remaining (other)

No 10-K data

Share repurchase authorization (other)

No 10-K data

Shareholders of record (other)

No 10-Q data

Shares outstanding (other)

Shares repurchased (other)

No 10-K data

Shelf Registration Filing (other)

No 10-K data

Shelf Registration Unused Balance (other)

No 10-K data

Shelf registration unused balance (other)

No 10-K data

Short-term Debt (other)

No 10-K data

Short-term Debt Change (other)

No 10-K data

Smart Security Advantage elections (other)

No 10-K data

Smart Security elections (other)

No 10-Q data

Special Dividend Received (other)

No 10-K data

Spread-lock agreement notional (other)

No 10-K data

Spread-lock agreements notional amount (other)

No 10-K data

Standby real estate commitments (other)

No 10-K data

Statutory Reserve (other)

No 10-K data

Statutory capital and surplus (other)

No 10-Q data

Statutory net income (other)

No 10-Q data

Statutory shareholders equity (other)

No 10-Q data

Step Five fixed annuity lapse rate (other)

No 10-K data

Stock appreciation rights outstanding (other)

No 10-Q data

Stock options outstanding (other)

Stockbrokers reached (other)

No 10-Q data

Sub-advised assets (other)

No 10-K data

Sub-total of Adjusted Net Income (other)

No 10-K data

Sub-total of Fixed Charges (other)

No 10-K data

Sub-total of Fixed Charges (Detailed) (other)

No 10-K data

Sub-total of Fixed Charges (Including Interest on Annuities) (other)

No 10-K data

Subprime exposure (other)

No 10-K data

Subprime investment exposure (other)

No 10-K data

Subprime loan investments (other)

No 10-K data

Swaption notional (other)

No 10-K data

Swaption notional added (other)

No 10-K data

Swaptions (other)

No 10-K data

Swaptions notional (other)

No 10-K data

TOPrS Issued (other)

No 10-K data

Term Debt Issued by Subsidiary (other)

No 10-K data

Top-rated funds (other)

No 10-Q data

Total Assets (other)

No 10-K data

Total Benefits and Expenses (other)

No 10-K data

Total Equity Securities (other)

No 10-K data

Total Fixed Charges (other)

No 10-K data

Total Fixed Maturity Securities (other)

No 10-K data

Total Investments (other)

No 10-K data

Total Liabilities (other)

No 10-K data

Total Policy Liabilities (other)

No 10-K data

Total Real Estate Investments (other)

No 10-K data

Total Revenue (other)

No 10-K data

Total Shareholders' Equity (other)

No 10-K data

Total Shares Outstanding (Fully Diluted) (other)

No 10-K data

Total Shares Outstanding (Primary) (other)

No 10-K data

Total account value at risk – Anniversary Contract Value (other)

No 10-K data

Total account value at risk – Minimum Return (other)

No 10-K data

Total account value at risk – Return of Net Deposits (other)

No 10-K data

Total account values (other)

Total annuity account values (other)

No 10-K data

Total deposits (other)

Total invested assets (other)

No 10-K data

Total investment portfolio (other)

No 10-K data

Total investment yield (other)

No 10-Q data

Total investments (other)

No 10-Q data

Total net amount at risk (other)

No 10-K data

Total sales (other)

No 10-Q data

Total shares outstanding (Fully Diluted) (other)

No 10-K data

Total shares outstanding (Primary) (other)

No 10-K data

Treasuries and AAA Securities (other)

No 10-K data

UK Pension Products Liability (other)

No 10-K data

UK Pension Products liabilities (other)

No 10-K data

UK life in-force (other)

No 10-K data

UK life insurance in-force (other)

No 10-K data

UK pension mis-selling liability (other)

No 10-K data

UK pension mis-selling reserve (other)

No 10-K data

UK pension product liabilities (other)

No 10-K data

UK policy lapse rate (other)

No 10-Q data

UK unit-linked assets (other)

Underwriting and Acquisition Expenses (other)

No 10-K data

Unearned Premiums (other)

No 10-K data

Unit-linked assets (other)

Universal life account value (other)

No 10-K data

VA account values with GLB (other)

VA account values with GLB features (other)

No 10-Q data

VA account values with GWB (other)

No 10-K data

VA account values with GWB rider (other)

No 10-K data

VA deposits without GLB riders (other)

No 10-K data

VA riders share of earnings (other)

No 10-Q data

VA with GDB rider (other)

No 10-Q data

Variable Annuity Account Values (other)

Variable Annuity Deposits (other)

No 10-K data

Variable Annuity Withdrawals (other)

No 10-K data

Variable annuity GLB coverage (other)

No 10-K data

Variable annuity account value (other)

No 10-K data

Variable annuity account values (other)

Variable annuity account values with GIB (other)

No 10-K data

Variable annuity account values with GLB features (other)

No 10-K data

Variable annuity account values with GWB (other)

No 10-K data

Variable annuity account values with GWB rider (other)

Variable annuity account values with guarantees (other)

No 10-K data

Variable annuity contracts in the money (other)

No 10-K data

Variable annuity contracts with GLB features (other)

No 10-K data

Variable annuity deposits (other)

No 10-K data

Variable annuity deposits without GLB (other)

No 10-K data

Variable annuity deposits without GLB riders (other)

No 10-K data

Variable annuity exposure after reinsurance (other)

No 10-K data

Variable annuity hedge program assets (other)

No 10-K data

Variable annuity net amount at risk (other)

No 10-K data

Variable annuity reserves (other)

No 10-K data

Variable annuity separate account values (other)

No 10-K data

Variable annuity separate account values with guarantees (other)

No 10-K data

Variable universal life account value (other)

No 10-K data

Weighted-average crediting rate (other)

Wholesaled deposits (other)

No 10-K data

Wholesalers (other)

Write-down of Real Estate and Mortgage Loans (other)

No 10-K data

Write-down of Securities (other)

No 10-K data

Write-downs of securities available-for-sale (other)

No 10-K data

Y2K IT testing completion (other)

No 10-K data

Y2K expenditures (other)

No 10-K data

Y2K non-IT testing completion (other)

No 10-K data

Year 2000 Estimated Total Expenditures (other)

No 10-K data

Year 2000 Expenditures (other)

No 10-K data

Year 2000 compliance progress (other)

No 10-K data

Year 2000 cost increase (other)

No 10-K data

Year 2000 expenditures (other)

No 10-K data

Year 2000 non-IT testing completion (other)

No 10-K data

Year 2000 planned expenditures (other)

No 10-K data

Year 2000 remediation completion (other)

No 10-K data

Year 2000 testing completion (other)

No 10-K data

Yield on investments (other)

No 10-K data

i4LIFE rider elections (other)

No 10-Q data

Lapse Rate (persistency)

Face Amount In-Force (policies_in_force)

Individual Life Sales (premiums_written)

Closed-End Funds Managed (products)

No 10-Q data

Broadcasting stations (properties)

Client retention rate (retention)

No 10-Q data

Common Stock Outstanding (shares)

No 10-Q data

Common Stock Outstanding (shares_outstanding)

No 10-K data

Office Space - Other Major Markets (square_footage)

No 10-Q data

Risk-based capital ratio (tier1_capital)

No 10-Q data

Customized transactions (transactions)

No 10-Q data

Plan participants (users)

No 10-Q data
Human capital disclosures. Workforce totals and demographics are point-in-time. Flow metrics use the year-to-date period for 10-Q and full year for 10-K. Workforce actions (RIFs, restructurings, acquisition-related changes) are listed in the table at the bottom.

Workforce Totals

No 10-Q data
No 10-Q data
No 10-Q data

Demographics

No demographic data found.

Workforce Breakdowns

No 10-Q data
No 10-Q data
No 10-Q data
No 10-Q data

HCM Metrics — Point-in-Time

No point-in-time HCM metrics found.

HCM Metrics — Flow (Annual / YTD)

No flow HCM metrics found.

Workforce Actions

Period EndTypeStatusAffected% WorkforceAnnouncedExpected CompletionGeographySegment / FunctionChargeSourceNote
2026-06-30restructuringin_progressUSD 11 (millions)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Severance expense of $11 million for the three months ended June 30, 2026 related to initiatives to realign the workforce; no employee count or completion date disclosed.
2026-06-30restructuringin_progressUSD 18 (millions)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Severance expense of $18 million for the six months ended June 30, 2026 related to workforce realignment initiatives; no employee count or completion date disclosed.
2026-06-30restructuringin_progressUnited StatesCorporate / Multiple segmentsUSD 18 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Severance expense for workforce realignment initiatives: $11M in Q2 2026 and $18M YTD 2026. No employee count, announcement date, or completion date disclosed.
2026-06-30restructuringin_progressUSD 11 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Severance expense related to initiatives to realign the workforce for the three months ended June 30, 2026.
2026-06-30restructuringin_progressUSD 18 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Severance expense related to initiatives to realign the workforce for the six months ended June 30, 2026.
2026-03-31restructuringin_progressUSD 7 (millions)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Severance expense of $7 million recognized in the three months ended March 31, 2026 for initiatives to realign the workforce; no employee count disclosed.
2026-03-31restructuringin_progressUSD 7 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Severance expense for workforce realignment initiatives in Q1 2026; no employee count or announcement date disclosed.
2026-03-31restructuringin_progressUSD 7 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Severance expense related to initiatives to realign the workforce.
2025-12-31restructuringin_progressUSD 24 (millions)MD&A
f5-10k / GLM-5.3-flash-HTML
Severance expense of $24 million recognized in FY2025 for initiatives to realign the workforce; reported in consolidated 'Other items' excluded from segment income from operations (also disclosed in Note 19, Segment Information). No headcount or completion date disclosed; prior-year severance of $74 million (2024) and $7 million (2023) indicates a multi-year realignment effort.
2025-12-31restructuringcompletedUnited StatesEnterpriseUSD 24 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Severance expense related to initiatives to realign the workforce for the year ended December 31, 2025. Employee count not disclosed.
2025-12-31restructuringcompletedUnited StatesLife InsuranceUSD 55 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Transaction costs for restructuring certain captive reinsurance subsidiaries in Q4 2025. Employee count not disclosed; primarily a legal entity restructuring.
2025-12-31restructuringcompletedUnited StatesLife InsuranceUSD 22 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Transaction, integration and other costs related to Life Insurance segment persistency optimization for the year ended December 31, 2025. Employee count not disclosed.
2025-12-31restructuringcompleted2025Life InsuranceUSD 55 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
In the fourth quarter of 2025, the company restructured certain captive reinsurance subsidiaries to reduce operating expenses and improve free cash flow within the Life Insurance segment. Transaction costs of $55 million were incurred.
2025-12-31restructuringcompleted2025CorporateUSD 24 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Severance expense related to initiatives to realign the workforce of $24 million for the year ended December 31, 2025.
2025-09-30restructuringin_progressCompany-wide workforce realignment initiativesUSD 5 (millions)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Severance expense of $5 million for the three months ended September 30, 2025 related to initiatives to realign the workforce; no employee counts or completion dates disclosed.
2025-09-30restructuringin_progressCompany-wide workforce realignment initiativesUSD 13 (millions)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Severance expense of $13 million for the nine months ended September 30, 2025 related to initiatives to realign the workforce; no employee counts or completion dates disclosed.
2025-09-30restructuringin_progressUnited StatesLife InsuranceUSD 22 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Transaction/integration costs related to Life Insurance segment persistency optimization; no employee count disclosed.
2025-09-30restructuringin_progressUnited StatesOther OperationsUSD 55 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Transaction costs related to restructuring certain captive reinsurance subsidiaries; no employee count disclosed.
2025-09-30otherin_progressUnited StatesCorporateUSD 13 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Severance expense for nine months ended September 30, 2025 related to initiatives to realign the workforce; $5M in Q3 alone. No employee count disclosed.
2025-09-30restructuringin_progressUSD 5 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Severance expense related to initiatives to realign the workforce for the three months ended September 30, 2025.
2025-09-30restructuringin_progressUSD 13 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Severance expense related to initiatives to realign the workforce for the nine months ended September 30, 2025.
2025-06-30restructuringin_progressUSD 8 (millions)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Severance expense related to initiatives to realign the workforce totaled $8 million for the six months ended June 30, 2025, of which $2 million was incurred in the second quarter. No employee counts or program timeline were disclosed.
2025-06-30restructuringin_progressUSD -2 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Severance expense related to initiatives to realign the workforce.
2025-06-30restructuringin_progressUSD -8 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Severance expense related to initiatives to realign the workforce.
2025-03-31restructuringin_progressUSD 6 (millions)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Severance expense of $6 million pre-tax for the three months ended March 31, 2025 related to initiatives to realign the workforce; no employee count disclosed.
2025-03-31restructuringin_progressUSD 6 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Severance expense of $6M for initiatives to realign the workforce; no employee count or completion date disclosed. Prior-year comparative was $49M for similar initiatives.
2025-03-31restructuringin_progressUSD 6 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Severance expense related to initiatives to realign the workforce.
2024-12-31restructuringcompleted5%2024USD 74 (millions)MD&A
f5-10k / GLM-5.3-flash-HTML
Company-wide workforce reduction of approximately 5% executed in Q1 2024 to streamline the organizational structure, improve operational efficiency and reduce expenses; FY2024 severance expense of $74 million related to workforce realignment initiatives per the Other items footnote to consolidated results.
2024-12-31divestiture_reductioncompleted2023-12-14Wealth Management (Lincoln Financial Network retail distribution)other
f5-10k / GLM-5.3-flash-HTML
Closed sale of wealth management business subsidiaries to Osaic Holdings on May 6, 2024 for $723 million in cash; headcount transferring with the divested business was not disclosed.
2024-12-31restructuringcompleted5%2024-01-012024-03-31GlobalEnterprise-wideUSD 74 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Approximately 5% workforce reduction in Q1 2024 to streamline organizational structure; $74M severance expense for full year 2024.
2024-12-31divestiture_reductioncompleted2023-12-142024-05-06United StatesWealth Management (Lincoln Financial Network)Item_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of LFN subsidiaries to Osaic Holdings closed May 6, 2024; headcount removed not disclosed.
2024-12-31restructuringcompleted5%2024-03-312024-12-31GlobalAll segmentsUSD 74 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Workforce reduced by approximately 5% in Q1 2024 to streamline organizational structure. Severance expense of $74 million recorded for the year ended Dec 31, 2024.
2024-09-30restructuringin_progressUSD 16 (millions)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Severance expense of $16 million in Q3 2024 tied to initiatives that realign the workforce; no employee counts disclosed. Prior 2024 quarters disclosed $49 million (Q1) and $7 million (Q2) of similar severance expense.
2024-09-30restructuringcompletedUSD 16 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Severance expense related to initiatives that realign the workforce for the three months ended September 30, 2024.
2024-09-30restructuringcompletedUSD 7 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Severance expense related to initiatives that realign the workforce for the three months ended June 30, 2024 (included in YTD).
2024-09-30restructuringcompletedUSD 49 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Severance expense related to initiatives that realign the workforce for the three months ended March 31, 2024 (included in YTD).
2024-06-30reduction_in_forcecompletedOther OperationsMD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Higher other expenses in Other Operations for the six months ended June 30, 2024 were driven in part by severance expense associated with a workforce reduction in the first quarter of 2024; no headcount or charge amount disclosed.
2024-06-30otherannounced12024-05-152024-12-31Retail Solutions (EVP and President)other
f5-10q / GLM-5.3-flash-fp4-HTML
Executive job elimination: EVP and President Retail Solutions relinquished responsibilities May 15, 2024; employment terminates other than for cause effective December 31, 2024, with advisory period and severance/layoff benefits.
2024-06-30divestiture_reductioncompleted2023-12-142024-05-06United StatesWealth Management (Lincoln Financial Network)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of wealth management subsidiaries to Osaic Holdings closed May 6, 2024; $725M cash received; no employee count disclosed. Transaction expenses of $26M in Q2 and $35M YTD reported in commissions and other expenses.
2024-06-30restructuringcompletedOther OperationsMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Severance expense associated with a workforce reduction in Q1 2024 cited as a driver of higher Other Operations expenses; no employee count or charge amount disclosed.
2024-06-30layoffannounced12024-05-152024-12-31United StatesExecutive — EVP and President, Retail Solutionsother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Single executive job elimination; notification May 15, 2024; termination effective Dec 31, 2024 if agreement signed, otherwise Jul 15, 2024. Includes 60-day paid non-working notice period and advisory period through Termination Date.
2024-06-30restructuringin_progressCorporate / Other OperationsMD&A
f5-10q / Qwen3.6-27B-Q8_0
Filing discloses 'severance expense associated with workforce reduction in the first quarter of 2024' within Other Operations. No specific headcount or total charge amount is provided in the 10-Q.
2024-03-31restructuringcompletedOther OperationsMD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Loss from operations for Other Operations increased due to higher other expenses including severance expense associated with a workforce reduction in the first quarter of 2024; no headcount or charge amount disclosed.
2024-03-31restructuringcompletedUnited StatesOther OperationsMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Severance expense from a workforce reduction in Q1 2024; no employee count or charge amount disclosed.
2024-03-31restructuringin_progressCorporate / Other OperationsMD&A
f5-10q / Qwen3.6-27B-Q8_0
Filing discloses 'severance expense associated with workforce reduction in the first quarter of 2024' within Other Operations expenses, but does not quantify the number of employees affected.
2023-12-31reduction_in_forceannounced5%2024-02United StatesOther Operationssubsequent_events
f5-10k / GLM-5.3-flash-HTML
Subsequent event executed in February 2024 (after fiscal year-end, before the February 22, 2024 filing date); disclosed within MD&A, hence status 'announced' per subsequent-event convention despite past-tense description. Approximately 5% workforce reduction to streamline the organizational structure and improve efficiency; absolute headcount not disclosed (not computed). Workforce-reduction expenses expected during the first half of 2024 and reported within Other Operations. Company workforce is entirely US-based (11,024 employees), so the affected population is US.
2023-12-31divestiture_reductionannounced2023-12-14United StatesWealth Management (Lincoln Financial Network)Item_1_Business
f5-10k / GLM-5.3-flash-HTML
Stock Purchase Agreement with Osaic Holdings, Inc. to acquire the wealth management business operated through LFN (Lincoln Financial Securities Corporation and Lincoln Financial Advisors Corporation); closing expected in the first half of 2024 pending regulatory approvals, so no headcount transferred during FY2023. Employee counts transferring with the business not disclosed. As of December 31, 2023, $131 million of assets and $60 million of liabilities were held-for-sale, reported primarily within Other Operations.
2023-12-31restructuringannounced5%2024-02-01United StatesEnterprise-wideMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Approximately 5% workforce reduction announced February 2024 (after fiscal year-end). Workforce reduction expenses expected in H1 2024, reported within Other Operations. Approximate count not disclosed; 5% of 11,024 implies roughly 551 employees.
2023-12-31divestiture_reductionannounced2023-12-142024-06-30United StatesLincoln Financial Network (Wealth Management)Item_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Stock Purchase Agreement with Osaic Holdings to sell wealth management subsidiaries (Lincoln Financial Securities Corporation and Lincoln Financial Advisors Corporation). Expected to close H1 2024. Headcount associated with divested entities not disclosed.
2023-12-31restructuringannounced5%2024-022024-06-30United StatesCorporate / All SegmentsMD&A
f5-10k / Qwen3.6-27B-Q8_0
Announced in February 2024 (subsequent event). Workforce reduced by approximately 5% to streamline organizational structure. Expenses expected in first half of 2024.
2023-03-31othercompleted12023-02-172023-03-31United StatesExecutive management (CFO)other
f5-10q / GLM-5.3-flash-fp4-HTML
Executive Vice President and CFO terminated other than for cause effective March 31, 2023; resigned as director and officer effective February 17, 2023. Agreement provides 78 weeks of severance pay under the Severance Plan for Officers, with commencement delayed six months under Section 409A; equity awards treated per Retirement provisions.
2021-12-31restructuringannounced2021-11United StatesEnterprise-wideItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Spark Initiative announced November 2021; multi-year expense savings program targeting automation and process efficiency. No employee affected count or severance charge disclosed. 2021 benefits of ~$9M pre-DAC pre-tax; investments expected to exceed benefits by $25M-$65M in 2022; target annual benefits of $260M-$300M by end of 2024.
2018-12-31acquisition_additioncompleted2018-05-012018-05-01United StatesGroup Protectionbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Liberty Life Assurance Company of Boston completed 2018-05-01; headcount added not separately disclosed. Filer notes Liberty Life constituted less than 2% of total assets and 9% of total revenues for the year then ended.
2015-12-31divestiture_reductioncompleted2015-07-162015-07-16United StatesOther Operations — Lincoln Financial Media Companydiscontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of Lincoln Financial Media Company to Entercom closed July 16, 2015; $75M cash and $28M preferred stock received. Headcount removed through the divestiture was not disclosed.
2014-12-31restructuringcompletedUSD 0 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Restructuring charges were $0 million for the year ended December 31, 2014, compared to $20 million in 2012. No specific employee count was disclosed for the 2014 period.
2013-12-31restructuringcompletedUSD 20 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Restructuring charges of $20 million reported in Other Operations for fiscal year 2013. Employee count not disclosed.
2013-03-31restructuringcompletedOther OperationsUSD 1 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Restructuring charges of $1 million reported in Other Expenses for the three months ended March 31, 2013.
2012-12-31restructuringcompletedUnited StatesOther OperationsUSD 20 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Restructuring charges of $20 million recorded in 2012 within Other Operations; employee count not disclosed.
2012-12-31restructuringcompletedUSD 20 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Restructuring charges of $20 million recorded in 2012. Employee count not disclosed.
2012-12-31restructuringin_progressUSD 20,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2012-09-30restructuringin_progress2012-07-122012-12-28USD 14 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Restructuring charges incurred in Q3 2012. No employee count disclosed.
2011-12-31divestiture_reductioncompleted2011-07-252011-11-30Indiana, United StatesOther Operations — thrift business (NCLS)other
f5-10k / GLM-5.3-flash-HTML
Voluntary dissolution of NCLS, a savings bank subsidiary acquired in 2009; the OCC approved the dissolution effective November 30, 2011. This was a liquidation rather than a sale, and no employee headcount impact was disclosed. The company stated the liquidation did not have a significant effect on Other Operations results.
2011-12-31restructuringcompleted2008-12-012009-12-31GlobalCorporateUSD 41 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Restructuring plan implemented starting in December 2008 in response to economic downturn. Cumulative pre-tax charges of $41 million for severance, benefits and related costs. Actions completed during 2009.
2011-12-31restructuringin_progressUSD 0 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2010-12-31restructuringcompleted2008-122009USD 41 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Multi-year expense-reduction plan initiated December 2008 in response to the economic downturn and market volatility; actions were completed during 2009. Cumulative pre-tax charges of $41 million covered severance, benefits and related workforce-reduction costs. Fiscal 2010 reflected a $1 million recovery related to this plan; no employee headcount was quantified.
2010-12-31restructuringcompleted2010USD 225 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Jefferson-Pilot merger integration program (merger completed April 2006): actions to eliminate duplicate operations and functions, implement a unified product portfolio and related initiatives were completed during 2010. Cumulative pre-tax integration expense of approximately $225 million, excluding capitalized amounts and goodwill; fiscal 2010 merger-related expense was $9 million. No headcount impact quantified.
2010-12-31restructuringcompleted2008-12-012009-12-31United StatesCorporate / MultipleUSD 41 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Cumulative pre-tax charges of $41M for severance, benefits and related costs under a restructuring plan initiated December 2008 in response to the economic downturn; actions completed during 2009. No employee count disclosed. This is a multi-year program; cumulative-to-date figure as presented.
2010-12-31divestiture_reductioncompleted2009-08-182010-01-04United StatesInvestment Management (Delaware)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of Delaware Management Holdings to Macquarie Bank closed 2010-01-04; headcount removed not disclosed. Reported as discontinued operations.
2010-12-31divestiture_reductioncompleted2009-06-152009-10-01United KingdomLincoln UK (Life and Retirement)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of Lincoln National (UK) plc closed 2009-10-01; headcount removed not disclosed. Reported as discontinued operations for all periods presented.
2010-12-31restructuringcompleted2008-122009-12-31GlobalCorporateUSD 41 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Restructuring plan implemented starting Dec 2008 in response to economic downturn. Cumulative pre-tax charges of $41 million for severance and benefits. Actions completed during 2009.
2010-12-31restructuringin_progressUSD -1,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2010-09-30restructuringcompleted2009-12-31United StatesCorporate / Other OperationsUSD 42 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Cumulative pre-tax charges of $42 million for severance, benefits, and related costs associated with workforce reduction and other restructuring actions implemented in response to economic downturn. Actions completed during 2009.
2010-06-30restructuringcompleted2008-12-012009-12-31GlobalCorporate / All SegmentsUSD 42 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Restructuring plan implemented in response to economic downturn focused on reducing expenses. Actions completed during 2009. Cumulative pre-tax charges of $42 million for severance, benefits and related costs.
2010-03-31restructuringcompleted2008-12-012009-12-31United StatesCorporate / All SegmentsUSD 0 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Restructuring plan implemented in Dec 2008 to reduce expenses. Cumulative pre-tax charges of $42 million for severance and benefits. Actions completed during 2009; no charges recorded in Q1 2010.
2009-12-31restructuringcompleted2008-12-012009-06-30United StatesEnterprise-wideUSD 42 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Cumulative pre-tax charges of $42M for severance, benefits and related costs under the 2008 Restructuring Plan. Includes a 12% workforce reduction substantially completed in Q2 2009. Employee count not disclosed.
2009-12-31restructuringcompleted2008-12-012009-06-30United StatesEnterprise-wideMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Expense reduction initiative launched December 2008, completed June 2009, achieving annualized gross G&A expense reduction of $140M to $160M after-tax. Employee count not disclosed. May overlap with the 2008 Restructuring Plan.
2009-12-31acquisition_additioncompleted2009-01-082009-01-15United StatesBanking (Newton County Loan & Savings, FSB)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Newton County Loan & Savings, FSB closed January 15, 2009. Filer states it did not have a material impact on consolidated financial condition or results of operations. Headcount added not disclosed.
2009-12-31divestiture_reductioncompleted2009-06-152009-10-01United KingdomLincoln UK (life and retirement income products)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of Lincoln National (UK) plc closed October 1, 2009 for $307M after-tax proceeds. LNC retained Lincoln UK's pension plan assets and liabilities. Headcount removed not disclosed.
2009-12-31divestiture_reductioncompleted2009-08-182010-01-04United StatesDelaware Management Holdings (investment management)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of Delaware Management Holdings to Macquarie Bank Limited closed January 4, 2010 (subsequent to fiscal year-end). Approximately $405M after-tax proceeds. Headcount removed not disclosed.
2009-12-31restructuringcompleted2008-122009-06-30GlobalCorporate / All SegmentsUSD 42 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Initiated in December 2008 to adjust capacity to volume reduction. Completed in June 2009. Cumulative pre-tax charges of $42 million for severance, benefits, and related costs.
2009-12-31restructuringcompleted2009-062009-06-30GlobalCorporate / All SegmentsMD&A
f5-10k / Qwen3.6-27B-Q8_0
Second expense reduction initiative launched in Q2 2009, including a 12% workforce reduction substantially completed in Q2 2009. Specific headcount or charge not explicitly quantified in text, but included in 'restructuring charges' in Other Operations.
2009-09-30restructuringin_progress2008-12-01Company-wideUSD 8 (millions)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Restructuring plan initiated in Q4 2008 in response to economic downturn, focused on reducing expenses; Q4 2008 pre-tax charge of $8 million; cumulative pre-tax charges expected to total $43 million for severance, benefits and related costs of workforce reduction and other restructuring actions.
2009-09-30reduction_in_forcecompleted12%2009-04-012009-06-30Company-wideUSD 34 (millions)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Second expense reduction initiative launched in Q2 2009; 12% workforce reduction substantially completed in Q2 2009. Restructuring charges for expense initiatives of $34 million pre-tax for the nine months ended September 30, 2009 per the other expenses table ($1 million in Q3); MD&A narrative elsewhere references $22 million of restructuring charges in 2009. Charges reported in Other Operations.
2009-09-30restructuringcompleted12%2008-12-012009-06-30United StatesEnterprise-wideUSD 43 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Restructuring plan initiated December 2008 in response to economic downturn; 12% workforce reduction substantially completed in Q2 2009. Cumulative pre-tax charges expected to total $43M for severance, benefits, and related costs. $8M recorded in Q4 2008; $34M recorded in nine months ended 2009 per expense table.
2009-09-30divestiture_reductioncompleted2009-06-152009-10-01United KingdomLincoln UK (discontinued operations)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of Lincoln National (UK) plc to SLF of Canada UK Limited closed October 1, 2009; headcount impact not quantified in filing.
2009-09-30divestiture_reductionannounced2009-08-182009-12-31United StatesDelaware Management Holdings (Investment Management)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Pending sale of Delaware Management Holdings to Macquarie Bank Limited; expected to close on or around December 31, 2009. Headcount impact not quantified in filing.
2009-09-30restructuringin_progress12%2009-04-01GlobalCorporate-wideUSD 22 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
12% workforce reduction substantially completed in Q2 2009; $22M restructuring costs included in other expenses.
2009-06-30restructuringin_progress2008-12-01Enterprise-wideUSD 8 (millions)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Plan initiated December 2008 in response to economic downturn; focused on reducing expenses. Cumulative pre-tax charges expected to be approximately $43 million for severance, benefits and related costs.
2009-06-30reduction_in_forcecompleted12%2009-04-012009-04-30Enterprise-wideUSD 29 (millions)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Second expense reduction initiative launched April 2009; 12% workforce reduction substantially completed in April 2009. Restructuring charges of $29 million in Q2 2009 and $34 million for the six months ended June 30, 2009, reported in other expenses within Other Operations.
2009-06-30restructuringcompleted12%2008-10-012009-04-30United StatesEnterprise-wideUSD 43 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Two-phase program: initial actions in Q4 2008, second initiative April 2009. 12% workforce reduction substantially completed April 2009. Cumulative pre-tax charges expected ~$43M for severance and restructuring. Restructuring charges for expense initiatives were $34M for six months ended June 30, 2009.
2009-06-30divestiture_reductionannounced2009-06-152009-12-31United KingdomLincoln National (UK) plcother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Share purchase agreement to sell Lincoln UK to SLF of Canada UK Limited. Headcount impact not disclosed. Expected to close Q4 2009 subject to regulatory approvals.
2009-06-30restructuringin_progress12%2009-04-012009-04-30GlobalCorporate-wideUSD 22 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
12% workforce reduction substantially completed in April 2009. $22 million pre-tax restructuring charges recorded in first six months of 2009.
2009-03-31restructuringin_progress2008-12-01Other OperationsUSD 5 (millions)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Restructuring plan initiated December 2008 focused on expense reduction; $5 million pre-tax charge recorded in Q1 2009; cumulative pre-tax charges expected to total approximately $40 million for severance, benefits and related costs.
2009-03-31reduction_in_forcecompleted12%2008-12-012009-04-30MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
12% workforce reduction completed in April 2009 as part of expense reduction initiatives; restructuring costs included in other expenses within Other Operations.
2009-03-31restructuringcompleted12%2008-12-012009-04-30United StatesEnterprise-wideUSD 40 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Restructuring plan initiated December 2008; 12% workforce reduction completed April 2009. Cumulative pre-tax charges estimated at ~$40M for severance, benefits, and related costs. $8M recorded in Q4 2008 and $5M in Q1 2009.
2009-03-31restructuringin_progress12%2009-04-012009-04-30GlobalCorporate-wideUSD 40 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
12% workforce reduction completed in April 2009. Cumulative pre-tax charges expected to be approximately $40 million for severance, benefits and related costs.
2008-12-31restructuringin_progress5002008-12-012009-12-31United StatesCompany-wideUSD 8 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Pre-tax charge of $8M recorded in Q4 2008; additional ~$7M expected in 2009 for severance, benefits, and related costs. Plan focused on reducing expenses in response to economic downturn and market volatility.
2008-12-31acquisition_additioncompleted2009-01-082009-01-15United StatesBanking / Savings & LoanUSD 10 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Subsequent event: OTS approval 2009-01-08, closed 2009-01-15. $10M capital contribution agreed. Headcount not disclosed.
2008-12-31divestiture_reductioncompleted2007-11-122008-03-31United StatesMedia (television, sports programming, radio)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
TV stations sold 2008-03-31 ($546M proceeds), Charlotte radio sold 2008-01-31 ($100M), sports programming sold 2007-11-30 ($42M). Headcount not disclosed.
2008-12-31restructuringin_progress5002008-12-012009-12-31Company-wideVariousUSD 8 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
2008 Restructuring Plan implemented in December 2008 to reduce expenses. Pre-tax charge of $8 million recorded in Q4 2008. Additional pre-tax charges of approximately $7 million expected in 2009.
2008-06-30othercompleted2007-05-012008-01-01United StatesCorporate / All SegmentsMD&A
f5-10q / Qwen3.6-27B-Q8_0
Freeze of primary defined benefit pension plans announced May 1, 2007, effective Jan 1, 2008. Replaced with enhanced 401(k) match. No headcount reduction disclosed.
2008-06-30othercompleted2008-06-30United StatesCorporateMD&A
f5-10q / Qwen3.6-27B-Q8_0
Relocation of corporate office incurred costs in Q2 2008. No headcount reduction disclosed.
2007-12-31restructuringin_progress2006-04-032009-12-31United StatesCorporate / Enterprise-wideUSD 22 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
2006 Restructuring Plan for Jefferson-Pilot merger integration. FY2007 charges: $7M employee severance/termination benefits, $15M other. Total expected costs $215M cumulative through completion. Expected completion Q4 2009. Employees affected not disclosed.
2007-12-31restructuringin_progress2006-04-032009-12-31United StatesCorporate / Shared ServicesUSD 103 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Merger-related expenses of $103 million in 2007 primarily due to system integration work. Total expected integration expenses estimated at $205-$215 million pre-tax, substantially complete by first half of 2009.
2007-12-31divestiture_reductioncompleted2007-11-122008-03-31United StatesMediaMD&A
f5-10k / Qwen3.6-27B-Q8_0
Agreement to sell television stations, sports programming, and certain radio properties. Results reported as discontinued operations. Specific headcount reduction not disclosed.
2007-09-30restructuringin_progress2006-04-032009-12-31Enterprise-wide integration of legacy operations with Jefferson-PilotUSD 17 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Charges of $17 million incurred in first nine months of 2007 (employee severance $6 million, other $11 million); $22 million expended; reserve of $3 million at September 30, 2007. Total expected costs $205-215 million pre-tax including non-qualifying integration expenses; expected completion fourth quarter 2009. No employee counts disclosed.
2007-09-30otherannounced2007-05-012008-01-01United StatesEmployee retirement benefitsUSD 9 (millions)other
f5-10q / GLM-5.3-flash-fp4-HTML
Traditional pension retirement benefits to be replaced with a defined contribution plan beginning January 1, 2008; accrued benefits unaffected. Resulted in a one-time curtailment gain of $9 million pre-tax ($6 million after-tax) in Q2 2007.
2007-09-30restructuringin_progress2006-04-032009-12-31United StatesEnterprise-wide (Jefferson-Pilot merger integration)USD 17 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
2007 YTD charges of $17M ($6M severance, $11M other); reserve $3M at 9/30/07; total expected program cost $205–215M pre-tax; no employee headcount disclosed.
2007-09-30otherannounced2007-10-31United StatesInvestment Management — fixed income teamsubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Post-quarter agreement transferring certain fixed income team members and institutional taxable fixed income business; purchase price up to $48M; expected to reduce income from operations ~$3M after-tax per quarter in 2008; no headcount of departing employees disclosed.
2007-09-30restructuringin_progress2006-04-032009-12-31GlobalCorporate / IntegrationUSD 17 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
2006 Restructuring Plan related to Jefferson-Pilot merger integration. $17M incurred in first nine months of 2007 (includes $6M employee severance). Total expected costs $205-215M. Employee count affected not disclosed.
2007-09-30othercompleted2007-05-012008-01-01United StatesCorporateUSD -9 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Change in retirement benefits replacing traditional pension with defined contribution plan effective Jan 1, 2008. Resulted in one-time curtailment gain of $9M pre-tax. Employee count affected not disclosed.
2007-06-30restructuringin_progress2006-04-032009-12-31Company-wide integration of legacy operations with Jefferson-PilotUSD 10 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Restructuring reserve was $8 million at year-end 2006; $10 million of charges incurred in first six months of 2007 ($4 million employee severance and termination benefits, $6 million other); $12 million expended in the period, leaving a $6 million reserve at June 30, 2007. Total expected costs of approximately $180 million pre-tax include restructuring charges plus additional integration expenses that do not qualify as restructuring charges; actions expected substantially complete by late 2008 with expected completion date of fourth quarter 2009.
2007-06-30otherannounced2007-07-092007-12-31Investment Management (fixed income team and related institutional separate account business)subsequent_events
f5-10q / GLM-5.3-flash-fp4-HTML
Agreement with an unaffiliated investment management company involving certain members of the fixed income team and related institutional separate account business of up to approximately $14 billion in assets; expected to close in the fourth quarter of 2007. Does not impact the fixed income team managing fixed income mutual funds or general account assets; not material to results of operations, liquidity or capital resources.
2007-06-30restructuringin_progress2006-04-032009-12-31United StatesEnterprise-wide (legacy LNC and Jefferson-Pilot integration)USD 10 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
2006 Restructuring Plan; $10M charged in first six months of 2007 ($4M employee severance/termination benefits, $6M other); reserve of $6M at 2007-06-30; total expected costs ~$180M including non-restructuring integration expenses; no employee headcount disclosed.
2007-06-30divestiture_reductionannounced2007-07-092007-12-31United StatesInvestment Management — fixed income team and institutional separate account businesssubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreement with an unaffiliated investment management company involving certain fixed income team members; up to ~$14B of institutional separate accounts may transfer; expected to close Q4 2007; described as not material to results of operations, liquidity or capital resources; no headcount disclosed.
2007-06-30otherannounced2007-05-012008-01-01United StatesEnterprise-wide — employee retirement benefitsMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Announced replacement of traditional pension with a defined contribution plan effective 2008-01-01; resulted in a one-time curtailment gain of $9M pre-tax ($6M after-tax) in Q2 2007; no headcount reduction disclosed.
2007-06-30restructuringin_progress2006-04-032009-12-31USD 10 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
2006 Restructuring Plan related to Jefferson-Pilot merger integration. $10 million incurred in first six months of 2007. Total expected costs $180 million.
2007-06-30othercompleted2007-05-012008-01-01USD -9 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Announced change in retirement benefits replacing traditional pension with defined contribution plan. Resulted in one-time curtailment gain of $9 million pre-tax.
2007-03-31restructuringin_progress2006-04-032009-12-31Other Operations (merger integration of legacy operations with Jefferson-Pilot)USD 4 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Jefferson-Pilot integration plan; Q1 2007 charges of $4 million (severance $1 million, other $3 million); reserve of $6 million at March 31, 2007; total expected costs $180 million pre-tax including non-restructuring integration expenses; substantially complete by late 2008 per MD&A, expected completion 4th Quarter 2009 per footnote. No employee counts disclosed.
2007-03-31restructuringin_progress2006-04-032009-12-31United StatesEnterprise (Jefferson-Pilot merger integration)USD 4 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
2006 Restructuring Plan: $4M charges in Q1 2007 (severance $1M, other $3M); reserve $6M at 3/31/07; total expected costs $180M pre-tax; no employee headcount disclosed.
2007-03-31restructuringin_progress2006-04-032009-12-31United StatesEnterprise (Jefferson-Pilot merger integration)USD 14 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
MD&A reports $14M integration costs in Q1 2007 including restructuring charges; expected to rise to ~$24M in Q2 2007. No employee counts disclosed. Deduplicated with Note 12 record above (Note 12 is authoritative for the $4M restructuring charge component).
2007-03-31otherannounced2007-05-012008-01-01United StatesEnterprise (employee retirement benefits)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Announced replacement of traditional pension with defined contribution plan effective 1/1/2008; one-time curtailment gain of $9M ($6M after-tax) expected in Q2 2007. No headcount impact disclosed.
2007-03-31restructuringin_progress2006-04-032009-12-31GlobalCorporate / IntegrationUSD 4 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
2006 Restructuring Plan related to Jefferson-Pilot merger integration. Q1 2007 charges included $1M employee severance and $3M other. Total expected costs $180M.
2007-03-31otherannounced2007-05-012008-01-01United StatesCorporatesubsequent_events
f5-10q / Qwen3.6-27B-Q8_0
Announced replacement of traditional pension benefits with defined contribution plan effective Jan 1, 2008. Expected one-time curtailment gain of $9M pre-tax.
2006-12-31acquisition_additioncompleted2006-04-032006-04-03United StatesMultiple segments including Individual Markets, Employer Markets, Lincoln Financial Mediabusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Merger with Jefferson-Pilot Corporation completed April 3, 2006; headcount added not separately disclosed.
2006-12-31restructuringin_progress2006-01-012009-12-31United StatesOther Operations; Investment ManagementUSD 15 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
2006 Restructuring Plan for Jefferson-Pilot integration; $15M charged in 2006, total expected costs $180M through Q4 2009; headcount affected not disclosed.
2006-12-31restructuringcompleted2005-05-012006-12-31United StatesField management and financial planning supportrestructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
2005 Restructuring Plan completed as of December 31, 2006 except for lease payments on vacated space through 2008; $1M reserve remaining at year-end.
2006-12-31restructuringin_progress2003-01-012008-12-31United StatesMultiple domestic operationsrestructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
2003 Restructuring Plan; $2M reversed in 2006; remaining reserves relate to lease payments on exited properties running through 2016.
2006-12-31restructuringin_progress2006-04-032009-12-31GlobalCorporate / IntegrationUSD 15 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Plan to realign legacy operations to incorporate integration of Jefferson-Pilot. Total expected costs $180 million. 2006 charges: $14M employee severance, $1M rent. Completion expected 4th Quarter 2009.
2006-12-31restructuringcompleted2005-05-012008-12-31United StatesField Management / Financial PlanningUSD 7 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Realign field management and financial planning support areas. 2005 charges: $4M severance, $3M rent. Plan completed except for lease payments through 2008.
2006-12-31restructuringcompleted2003-01-012016-12-31United States / United KingdomOperations / Lincoln UKUSD 23 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
2003 plan: Realignment of Hartford, Schaumburg, and domestic operations. 2005 charges $23M. 1999/2000 plans: Lincoln UK operations. Remaining reserves $6M for lease payments through 2016.
2006-09-30restructuringin_progress2006-04-032009-12-31Other Operations (company-wide integration of legacy Lincoln and Jefferson-Pilot operations)USD 180 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Restructuring plan implemented upon completion of the April 3, 2006 Jefferson-Pilot merger to integrate legacy operations; total expected costs of $180 million pre-tax include involuntary employee termination benefits recorded in goodwill as part of purchase price allocation. Employee severance and termination benefits of $11 million incurred in 2006, cash payments of $4 million, restructuring reserve of $7 million at September 30, 2006; additional $19 million expended that does not qualify as restructuring charges. Expected completion in fourth quarter 2009. MD&A notes actions to eliminate duplicate operations and functions, expected substantially complete by late 2008.
2006-09-30restructuringin_progress2006-04-032009-12-31United StatesOther OperationsUSD 180 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Merger integration restructuring plan; total expected pre-tax costs of $180M including severance recorded in goodwill. No employee headcount disclosed. Reserve at 9/30/06 was $7M.
2006-09-30acquisition_additioncompleted2006-04-032006-04-03United StatesIndividual Markets, Employer Markets, Investment Management, Lincoln Financial MediaUSD 7,497 (millions)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Jefferson-Pilot merger completed April 3, 2006; purchase price $7.5B. No headcount added disclosed.
2006-09-30restructuringin_progress2006-04-032009-12-31GlobalCorporate / IntegrationUSD 180 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Merger integration plan with Jefferson-Pilot. Total expected costs $180M. Employee severance and termination benefits recorded in 2006 were $11M. Cash payments incurred $4M. Reserve at Sept 30, 2006 was $7M. Completion expected in 4th Quarter 2009.
2006-06-30restructuringin_progress2006-04-032009-12-31Other Operations (merger integration of legacy operations with Jefferson-Pilot)USD 9 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Restructuring plan implemented upon completion of the Jefferson-Pilot merger to integrate legacy operations; $9 million expense recorded in Q2 2006 in underwriting, acquisition, insurance and other expenses; total expected costs of $180 million pre-tax including $13 million of merger-integration involuntary termination benefits in the purchase price allocation; expected completion in the fourth quarter of 2009 (MD&A narrative states actions expected to be completed in 2008).
2006-06-30acquisition_additioncompleted2006-04-032006-04-03United StatesIndividual Markets, Employer Markets, Investment Management, Lincoln Financial MediaUSD 7,518 (millions)business_combinations_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Merger with Jefferson-Pilot Corporation completed April 3, 2006; total purchase price $7,518 million; no employee headcount figures disclosed in the filing.
2006-06-30acquisition_additioncompleted2006-04-032006-04-03United StatesMultiple (Individual Markets, Employer Markets, Investment Management, Lincoln Financial Media)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Merger with Jefferson-Pilot Corporation completed April 3, 2006; headcount added not disclosed in filing.
2006-06-30restructuringin_progress2006-04-032009-12-31United StatesOther Operations (corporate integration)USD 9 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Restructuring reserve of $9M for employee severance and termination benefits at June 30, 2006; total expected program costs $180M pre-tax; no employee count disclosed. An additional $13M of involuntary termination benefits were included in the merger purchase price allocation, of which ~$2M incurred by June 30, 2006.
2006-06-30restructuringin_progress2006-04-032009-12-31USD 9 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Merger-related restructuring plan with total expected costs of $180 million. Q2 2006 expense of $9 million recorded for employee severance and termination benefits. Expected completion in 4th Quarter 2009.
2006-03-31restructuringin_progress2005-05-012006-09-30United StatesLincoln Financial Advisors (LFA) — field management and financial planning supportrestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Plan announced May 2005; remaining reserves of $2 million at 2006-03-31. Lease payments on vacated space run through 2008. No employee count disclosed.
2006-03-31restructuringin_progress2003-01-01United StatesLife Insurance segment — Hartford, CT and Schaumburg, IL operationsrestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Remaining reserves of $1 million at 2006-03-31. No employee count disclosed; announcement month only (January 2003).
2006-03-31restructuringin_progress2003-06-01United StatesRetirement and Life Insurance businesses combined into a single operating unit; additional realignment across domestic operations announced August 2003restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Remaining reserves of $1 million at 2006-03-31. No employee count disclosed; announcement month only.
2006-03-31acquisition_additioncompleted2006-04-032006-04-03United StatesLife insurance, annuities and investment products, group life/disability/dental insurance, broadcasting and sports programmingsubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Merger with Jefferson-Pilot Corporation closed 2006-04-03 (post-quarter). Purchase price estimated at $7.5 billion; Jefferson-Pilot had $35.8 billion consolidated assets. No headcount added disclosed; results included beginning Q2 2006.
2006-03-31restructuringin_progress2005-05-012006-09-30United StatesLincoln Financial Advisors (LFA)USD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
2005 Restructuring Plan to realign field management and financial planning support. Remaining reserves $2 million. Lease payments run through 2008.
2006-03-31restructuringin_progress2003-01-01United StatesLife InsuranceUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
2003 Restructuring Plan for Hartford and Schaumburg operations. Remaining reserves $1 million.
2006-03-31restructuringin_progress2003-06-01United StatesCorporate / Domestic OperationsUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
2003 Plan combining retirement and life insurance businesses. Remaining reserves $1 million.
2006-03-31restructuringin_progress1999-01-012016-12-31United KingdomLincoln UKUSD 6 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
1999 and 2000 Restructuring Plans involving vacating leased facilities. Remaining reserves $6 million relate to future lease payments.
2005-12-31restructuringin_progress2005-05-012006-09-30United StatesOther Operations (Lincoln Financial Advisors)USD 7 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Pre-tax charges of $6.9M in 2005, including $4.1M severance and termination benefits and $2.8M rent on abandoned space; $2.7M reserve remaining at year-end. Employee headcount not disclosed.
2005-12-31restructuringin_progress2003-06-012006-03-31United StatesAll domestic operations (Lincoln Retirement, Life Insurance, Investment Management, Other Operations)USD 23 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Pre-tax charges of $22.8M incurred in 2005 under the multi-year 2003 realignment program; cumulative charges through 2005 were $130.4M. Realignment activities completed as of December 31, 2005; remaining reserves relate to lease payments through 2008. Employee headcount not disclosed.
2005-12-31acquisition_additionannounced2005-10-092006-06-30United StatesEnterprise (Jefferson-Pilot Corporation)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Merger agreement signed October 9, 2005, expected to close Q2 2006; no headcount or employee-impact figures disclosed.
2005-12-31restructuringcompleted2005-05-012006-09-30United StatesLincoln Financial Advisors (LFA)USD 7 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
LFA implemented a plan to realign field management and financial planning support areas. Total pre-tax charges of $6.9 million incurred in 2005. Plan expected to be completed by Q3 2006, except for lease payments running through 2008.
2005-12-31restructuringcompleted2003-06-012005-12-31United StatesMultiple SegmentsUSD 23 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
2003 Realignment activities (June/August 2003 announcements). Pre-tax charges incurred in 2005 totaled $22.8 million. All realignment activities completed as of December 31, 2005. Remaining reserves relate to future lease payments.
2005-09-30restructuringin_progress2005-05-012006-09-30United StatesOther Operations (LFA field management and financial planning support)USD 7 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Pre-tax charges for first nine months of 2005; includes $3.8M severance and $2.8M rent on abandoned office space. Remaining reserves $3.1M at quarter-end; lease payments run through 2008.
2005-09-30restructuringin_progress2003-06-012005-12-31United StatesLincoln RetirementUSD 16 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Pre-tax charges for nine months ended September 30, 2005 attributable to Lincoln Retirement under the June/August 2003 realignment.
2005-09-30restructuringin_progress2003-06-012005-12-31United StatesLife InsuranceUSD 3 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Pre-tax charges for nine months ended September 30, 2005 attributable to Life Insurance segment.
2005-09-30restructuringin_progress2003-06-012005-12-31United StatesOther OperationsUSD 0 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Pre-tax charges for nine months ended September 30, 2005 attributable to Other Operations.
2005-09-30restructuringin_progress2005-052006-09-30United StatesOther Operations (LFA field management and financial planning support)USD 7 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Pre-tax charges for first nine months of 2005 include $3.8M severance/termination benefits and $2.8M rent on abandoned office space. Remaining reserves of $3.1M at 9/30/2005. Lease payments on vacated space run through 2008. Employee headcount not disclosed.
2005-09-30restructuringin_progress2003-062005-12-31United StatesLincoln Retirement, Life Insurance, Other Operations (June/August 2003 realignment)USD 20 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Pre-tax charges in first nine months of 2005: Lincoln Retirement $16.3M, Life Insurance $3.2M, Other Operations $0.4M. Total expected annual expense savings $125.0M pre-tax. Employee headcount not disclosed.
2005-09-30restructuringin_progress2003-012005-12-31United StatesLife Insurance (Hartford, CT and Schaumburg, IL realignment)USD 1 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Pre-tax charges in first nine months of 2005. Restructuring reserve of $0.8M at 9/30/2005. Employee headcount not disclosed.
2005-09-30restructuringin_progress1999-012016-12-31United KingdomLincoln UK (1999 and 2000 restructuring plans)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Remaining reserves of $6.9M at 9/30/2005 relate to future lease payments on exited properties running through 2016. All other plan activities completed. Employee headcount not disclosed.
2005-09-30restructuringin_progress2005-05-012006-09-30United StatesLincoln Financial Advisors (LFA)USD 7 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Plan to realign field management and financial planning support areas. Charges include $3.8M severance and $2.8M rent. Lease payments run through 2008.
2005-09-30restructuringin_progress2003-01-012005-12-31United StatesLife InsuranceUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Realignment of operations in Hartford, CT and Schaumburg, IL. Includes $1.4M in other costs incurred in first nine months of 2005.
2005-09-30restructuringin_progress2003-06-012005-12-31United StatesLincoln RetirementUSD 16 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Combining retirement and life insurance businesses. $16.3M of June/August realignment charges incurred in first nine months of 2005.
2005-09-30restructuringin_progress2003-06-012005-12-31United StatesLife InsuranceUSD 3 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Combining retirement and life insurance businesses. $3.2M of June/August realignment charges incurred in first nine months of 2005.
2005-09-30restructuringin_progress2003-06-012005-12-31United StatesOther OperationsUSD 0 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Combining retirement and life insurance businesses. $0.4M of June/August realignment charges incurred in first nine months of 2005.
2005-06-30restructuringin_progress2005-05-012006-09-30United StatesOther Operations (LFA field management and financial planning support)USD 4 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Charges include $3.5M employee severance and termination benefits and $0.9M rent on abandoned office space; remaining reserves $3.0M at June 30, 2005. Lease payments on vacated space run through 2008. No employee count disclosed.
2005-06-30restructuringin_progress2003-01-012006-06-30United StatesLife Insurance (Hartford, CT and Schaumburg, IL realignment)USD 1 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
First six months 2005 charges of $1.3M (other costs); cumulative pre-tax charges through 2004 were $22.4M. Restructuring reserve $0.7M at June 30, 2005. No employee count disclosed.
2005-06-30restructuringin_progress2003-02-012006-06-30United StatesLincoln Retirement (fixed annuity consolidation, Schaumburg IL into Fort Wayne IN)USD 0 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
No charges incurred in first six months of 2005; cumulative pre-tax charges through 2004 were $4.3M. Restructuring reserve $0.4M at June 30, 2005. No employee count disclosed.
2005-06-30restructuringin_progress2003-06-012006-06-30United StatesAll domestic operations (June/August 2003 realignment)USD 19 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
First six months 2005 charges include $16.5M write-off of impaired assets, $0.8M severance, $0.6M rent on abandoned space, $1.5M other. Segment split: Retirement $16.0M, Life Insurance $3.3M, Other Operations $0.1M. Reserve $0.9M at June 30, 2005. No employee count disclosed.
2005-06-30restructuringin_progress1999-01-012016-12-31United KingdomLincoln UKrestructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Plans relating to Lincoln UK operations involved vacating leased facilities; all other activities complete. Remaining reserves of $7.2M relate to future lease payments on exited properties running through 2016. No employee count disclosed.
2005-06-30restructuringin_progress2005-05-012006-09-30United StatesLincoln Financial Advisors (LFA) — field management and financial planning supportUSD 4 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Pre-tax charges for first six months of 2005 include $3.5M severance/termination and $0.9M rent on abandoned space; $3.0M reserve remaining at 6/30/05; lease payments on vacated space run through 2008. No employee headcount disclosed.
2005-06-30restructuringin_progress2003-06-012006-06-30United StatesLincoln Retirement, Life Insurance, Investment Management, Other Operations — June/August 2003 realignmentUSD 19 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Pre-tax charges incurred in first six months of 2005: Retirement $16.0M, Life Insurance $3.3M, Other Operations $0.1M. Includes $16.5M write-off of impaired assets. Reserve $0.9M at 6/30/05. No employee headcount disclosed.
2005-06-30restructuringin_progress2003-01-012006-06-30United StatesLife Insurance — Hartford, CT and Schaumburg, IL realignmentUSD 1 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Pre-tax charge incurred in first six months of 2005. Reserve $0.7M at 6/30/05. No employee headcount disclosed.
2005-06-30restructuringin_progress1999-01-012016-12-31United KingdomLincoln UK — vacating leased facilitiesrestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Remaining reserves of $7.2M at 6/30/05 relate to future lease payments on exited properties running through 2016. No employee headcount disclosed.
2005-06-30restructuringin_progress2005-05-012006-09-30United StatesLincoln Financial Advisors (LFA)USD 4 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Plan to realign field management and financial planning support areas. Charges include $3.5M severance and $0.9M rent on abandoned space. Lease payments run through 2008.
2005-06-30restructuringin_progress2003-01-012006-06-30United StatesRetirement, Life Insurance, Other OperationsUSD 21 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Charges incurred in first six months of 2005 for 2003 realignment plans. Includes $16.5M write-off of impaired assets and $0.8M severance. Retirement segment incurred $16.0M, Life Insurance $3.3M, Other Operations $0.1M.
2005-03-31restructuringin_progress2003-01-012006-06-30United StatesLife InsuranceUSD 1 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Q1 2005 pre-tax charge of $0.8 million under the January 2003 Life Insurance realignment plan; expected completion 2nd Quarter 2006. No employee counts disclosed in the 10-Q.
2005-03-31restructuringin_progress2003-06-012006-03-31United StatesRetirement, Life Insurance, Investment Management, Other OperationsUSD 1 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Q1 2005 pre-tax charge of $1.1 million under the June/August 2003 realignment plan (Retirement $0.6M, Life Insurance $0.1M, Other Operations $0.4M); expected completion 1st Quarter 2006. No employee counts disclosed in the 10-Q.
2005-03-31restructuringin_progress2003-01-012006-06-30United StatesLife Insurance, Retirement, Other OperationsUSD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Charges incurred in Q1 2005 related to 2003 realignment plans. Includes severance and rent on abandoned space. Employee count not disclosed for current period charges.
2004-12-31restructuringin_progress2003-06-012006-03-31United StatesAll domestic operationsUSD 18 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
2003 realignment program (June/August 2003 announcement) with $18.3M pre-tax charges incurred in FY2004; total expected program charges of $127.0M. Expected completion Q1 2006. Employee-affected count not disclosed.
2004-12-31restructuringin_progress2003-01-012006-06-30United StatesLife InsuranceUSD 5 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Life Insurance segment realignment (Hartford, CT and Schaumburg, IL) announced January 2003; $4.7M pre-tax charges in FY2004. Expected completion Q2 2006.
2004-12-31restructuringin_progress2003-02-012006-06-30United StatesLincoln RetirementUSD 0 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Fixed annuity consolidation from Schaumburg, IL into Fort Wayne, IN announced February 2003; $0.1M pre-tax charges in FY2004. Expected completion Q2 2006.
2004-12-31divestiture_reductioncompleted2004-09-242004-09-24United KingdomInvestment Managementdiscontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of DIAL (Delaware International Advisors Ltd.), London-based international investment unit, completed September 24, 2004. Headcount removed not disclosed; $22.1B AUM transferred.
2004-12-31restructuringin_progress2003-012006-03-31United StatesLife InsuranceUSD 5 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Life Insurance realignment announced Jan 2003. Pre-tax charges incurred in 2004 were $4.7 million. Completion expected Q2 2006.
2004-12-31restructuringin_progress2003-022006-03-31United StatesLincoln RetirementUSD 0 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Fixed Annuity consolidation announced Feb 2003. Pre-tax charges incurred in 2004 were $0.1 million. Completion expected Q2 2006.
2004-12-31restructuringin_progress2003-062006-03-31United StatesCorporate / All SegmentsUSD 18 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Realignment activities announced June/August 2003 impacting all domestic operations. Pre-tax charges incurred in 2004 were $18.3 million. Completion expected Q1 2006.
2004-12-31restructuringcompleted2002-062003-09-30United StatesLincoln Retirementrestructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
IT organization reorganization announced Q2 2002. Completed Q3 2003. No charges incurred in 2004.
2004-12-31restructuringin_progress20012005-12-31United StatesInvestment ManagementUSD 0 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Boston Office Consolidation plan from 2001. Pre-tax charges incurred in 2004 were $0.3 million. Completion expected Q4 2005.
2004-09-30restructuringin_progress452001-01-012005-12-31United StatesMultiple (Schaumburg IL, Boston MA, Fort Wayne IN)USD 29 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Cumulative positions eliminated through 2004-09-30 were 45 versus 36 planned under the original plan; Schaumburg and Fort Wayne components completed, Boston office consolidation expected to complete in Q4 2005. Restructuring reserve at 2004-09-30 was $0.3 million.
2004-09-30restructuringin_progress2003-01-012006-06-30United StatesLife Insurance, Retirement, Investment Management, Other OperationsUSD 21 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Charges of $21.3 million pre-tax for the nine months ended 2004-09-30 ($4.5 million for the three months); no employee headcount affected disclosed. Restructuring reserve at 2004-09-30 was $10.1 million. Expected completion: Life Insurance realignment and fixed annuity consolidation Q2 2006, June/August realignment Q1 2006. Annualized expense savings realized through 2004-09-30 of $98.8 million against $124.0 million total expected.
2004-09-30restructuringin_progress2003-012006-06-30United StatesLife InsuranceUSD 4 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Pre-tax charges for first nine months of 2004; includes severance, rent on abandoned space, and other costs. No employee headcount disclosed.
2004-09-30restructuringin_progress2003-022006-06-30United StatesLincoln RetirementUSD 0 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Fixed annuity operations consolidation from Schaumburg, IL into Fort Wayne, IN. Pre-tax charges for first nine months of 2004. No employee headcount disclosed.
2004-09-30restructuringin_progress2003-062006-03-31United StatesLincoln Retirement; Life Insurance; Investment Management; Other OperationsUSD 18 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
June/August 2003 realignment combining retirement and life insurance into a single operating unit. Pre-tax charges for first nine months of 2004 split across segments: Retirement $6.0M, Life Insurance $0.6M, Investment Management $1.6M, Other Operations $9.5M. No employee headcount disclosed.
2004-09-30restructuringin_progress1999-01-012016-12-31United KingdomLincoln UKUSD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
1999 and 2000 Lincoln UK Plans. Remaining reserves relate to future lease payments on exited properties. $1.6 million expended in first nine months of 2004.
2004-09-30restructuringin_progress2001-01-012005-12-31United StatesInvestment Management / Other OperationsUSD 0 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
2001 Restructuring Plan (Schaumburg, Boston, Fort Wayne). $0.4 million expended in first nine months of 2004. Boston Office Consolidation expected completion 4th Quarter 2005.
2004-09-30restructuringin_progress2003-01-012006-06-30United StatesLife Insurance / Retirement / Investment Management / Other OperationsUSD 21 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
2003 Restructuring Plan (Life Insurance Realignment, Fixed Annuity Consolidation, Realignment June/August 2003). $21.3 million charges in first nine months of 2004. Expected completion 1st Quarter 2006 to 2nd Quarter 2006.
2004-06-30restructuringin_progress452001-01-012005-12-31United StatesMultiple (Schaumburg IL, Boston MA, Fort Wayne IN)USD 0 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
45 positions actually eliminated through June 30, 2004 versus 36 planned under original plan; remaining reserve relates to Boston office consolidation (expected 4Q2005) and Fort Wayne operations (expected 3Q2004).
2004-06-30restructuringin_progress2003-01-012006-06-30United StatesLife InsuranceUSD 3 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
First six months 2004 charge; realignment of Hartford CT and Schaumburg IL operations announced January 2003; expected completion 2nd quarter 2006.
2004-06-30restructuringin_progress2003-02-012006-06-30United StatesLincoln Retirement (Fixed Annuity)USD 0 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Consolidation of fixed annuity operations from Schaumburg IL into Fort Wayne IN; expected completion 2nd quarter 2006.
2004-06-30restructuringin_progress2003-06-012006-03-31United StatesRetirement, Life Insurance, Investment Management, Other OperationsUSD 14 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Combining retirement and life insurance businesses into a single operating unit; first six months 2004 charge of $14.1M; expected completion 1st quarter 2006.
2004-06-30restructuringin_progress1999-01-012016-12-31United KingdomLincoln UKUSD 9 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Remaining reserve relates to future lease payments on exited properties expiring through 2016; $0.9M expended in first six months of 2004.
2004-06-30divestiture_reductionannounced2004-05-052004-09-30United KingdomInvestment Management (London-based international investment unit)USD 46 (millions)other
f5-10q / GLM-5.3-flash-fp4-HTML
Management buyout of London-based international investment unit; expected after-tax gain of approximately $46 million; headcount affected not disclosed; expected to close in third quarter 2004.
2004-06-30restructuringin_progress2003-01-012006-06-30United StatesLife InsuranceUSD 3 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Life Insurance realignment announced January 2003; $2.6M pre-tax charges in first six months of 2004. No employee count disclosed for 2004 activity.
2004-06-30restructuringin_progress2003-02-012006-06-30United StatesLincoln RetirementUSD 0 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Fixed annuity operations consolidation from Schaumburg, IL to Fort Wayne, IN; $0.1M pre-tax charges in first six months of 2004.
2004-06-30restructuringin_progress2003-06-012006-03-31United StatesLincoln Retirement, Life Insurance, Investment Management, Other OperationsUSD 14 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
June/August 2003 realignment combining retirement and life insurance into a single operating unit; $14.1M pre-tax charges in first six months of 2004 across multiple segments. No employee count disclosed for 2004 activity.
2004-06-30divestiture_reductionannounced2004-05-052004-09-30United KingdomInvestment Managementother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Management buyout agreement for London-based international investment unit; $172M cash consideration. No headcount disclosed. Approximately $28B AUM managed by the unit.
2004-06-30restructuringin_progress2003-01-012006-06-30Hartford, Connecticut and Schaumburg, IllinoisLife InsuranceUSD 3 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Life Insurance Realignment plan initiated Jan 2003. Six months ended June 30, 2004 charges: $2.6M. Expected completion: 2nd Quarter 2006.
2004-06-30restructuringin_progress2003-02-012006-06-30Schaumburg, Illinois to Fort Wayne, IndianaLincoln RetirementUSD 0 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Fixed Annuity Consolidation plan initiated Feb 2003. Six months ended June 30, 2004 charges: $0.1M. Expected completion: 2nd Quarter 2006.
2004-06-30restructuringin_progress2003-06-012006-03-31MultipleRetirement, Life Insurance, Investment Management, Other OperationsUSD 14 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Realignment June/August 2003 plan. Six months ended June 30, 2004 charges: $14.1M. Expected completion: 1st Quarter 2006.
2004-06-30restructuringin_progress2001-01-012005-12-31Boston, MassachusettsInvestment ManagementUSD 0 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Boston Office Consolidation plan initiated 2001. Six months ended June 30, 2004 charges: $0.1M. Expected completion: 4th Quarter 2005.
2004-06-30restructuringin_progress1999-01-012016-12-31United KingdomLincoln UKUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
1999 and 2000 Lincoln UK Plans. Six months ended June 30, 2004 expenditures: $0.9M. Remaining reserves relate to future lease payments on exited properties expiring through 2016.
2004-03-31restructuringin_progress272001Schaumburg, IllinoisFirst Penn-Pacific operations consolidation into Fort Wayne, IN and Hartford, CTUSD 4 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
26 of 27 planned positions eliminated through March 31, 2004; plan marked completed; reserve fully expended in Q1 2004.
2004-03-31restructuringin_progress20012005-12-31Boston, MassachusettsInvestment Management office consolidation into PhiladelphiaUSD 1 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
No positions planned for elimination; reserve of $0.3 million remains at March 31, 2004.
2004-03-31restructuringin_progress920012004-06-30Fort Wayne, IndianaOther Operations — consolidation of operations and spaceUSD 24 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
19 of 9 originally planned positions eliminated through March 31, 2004 (actual exceeded plan); remaining Q2 2004 expenditures under $100,000.
2004-03-31restructuringin_progress2003-012006-06-30Hartford, Connecticut and Schaumburg, IllinoisLife InsuranceUSD 2 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Q1 2004 pre-tax charge of $2.3 million; total expected charges $23.0 million; annualized savings realized through Q1 2004 of $20.0 million pre-tax.
2004-03-31restructuringin_progress2003-022006-06-30Schaumburg, Illinois to Fort Wayne, IndianaLincoln Retirement — fixed annuity operationsUSD 0 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Q1 2004 pre-tax charge of $0.1 million; total expected charges $5.0 million; annualized savings realized through Q1 2004 of $6.4 million pre-tax.
2004-03-31restructuringin_progress2003-062006-03-31Retirement ($1.7M), Life Insurance ($0.4M), Investment Management ($1.5M), Other Operations ($5.5M)USD 9 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Q1 2004 pre-tax charge of $9.1 million, including $6.5 million severance and $1.9 million asset write-offs; total expected charges $97.0 million; annualized savings realized through Q1 2004 of $62.2 million pre-tax.
2004-03-31restructuringin_progress1999United KingdomLincoln UK — vacating leased facilitiesUSD 10 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Remaining reserve relates to future lease payments on exited properties expiring through 2016; $0.3 million expended in Q1 2004.
2004-03-31divestiture_reductionannounced2004-05-05London, United KingdomInvestment Management — international investment unitUSD 172 (millions)subsequent_events
f5-10q / GLM-5.3-flash-fp4-HTML
Management buyout agreement to sell London-based international investment unit; LNC to receive $172 million cash plus relief of certain obligations and expects ~$46 million after-tax gain. Headcount affected not disclosed.
2004-03-31restructuringin_progress2006-06-30United StatesLife InsuranceUSD 2 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q1 2004 pre-tax restructuring charge of $2.3M; total expected program charges $23.0M; no employee count disclosed.
2004-03-31restructuringin_progress2006-06-30United StatesLincoln Retirement (Fixed Annuity)USD 0 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q1 2004 pre-tax restructuring charge of $0.1M; total expected program charges $5.0M; no employee count disclosed.
2004-03-31restructuringin_progress2006-03-31United StatesRetirement, Life Insurance, Investment Management, Other OperationsUSD 9 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q1 2004 pre-tax restructuring charge of $9.1M; total expected program charges $97.0M; no employee count disclosed.
2004-03-31divestiture_reductionannounced2004-05-05United KingdomInvestment Management (London-based international investment unit)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Management buyout agreement to sell London-based international investment unit; $172M cash proceeds; expected after-tax gain ~$46M; no headcount disclosed.
2004-03-31restructuringin_progress2003-01-012006-06-30Hartford, Connecticut and Schaumburg, IllinoisLife InsuranceUSD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Life Insurance Realignment plan announced Jan 2003. Q1 2004 charges include severance, asset write-offs, and rent.
2004-03-31restructuringin_progress2003-02-012006-06-30Schaumburg, Illinois to Fort Wayne, IndianaRetirementUSD 0 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Fixed Annuity Consolidation plan announced Feb 2003. Q1 2004 charges primarily severance.
2004-03-31restructuringin_progress2003-06-012006-03-31MultipleRetirement, Life Insurance, Investment Management, Other OperationsUSD 9 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Realignment plan announced June/Aug 2003 combining retirement and life insurance businesses. Q1 2004 charges include severance, asset write-offs, and rent.
2004-03-31restructuringin_progress2001-01-012005-12-31Boston, MassachusettsInvestment ManagementUSD 0 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Boston Office Consolidation plan from 2001. Q1 2004 charges primarily rent on abandoned space.
2003-12-31restructuringin_progress2003-012006-06United StatesLife InsuranceUSD 21 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Program announced January 2003 to realign Life Insurance operations in Hartford, CT and Schaumburg, IL. Total expected charges $21.0M; $17.7M pre-tax incurred through 2003-12-31, of which $16.3M expended and $1.4M reserve remained. Positions-eliminated count not disclosed for this plan.
2003-12-31restructuringin_progress2003-022006-06United StatesLincoln RetirementUSD 5 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Program announced February 2003 to consolidate fixed annuity operations from Schaumburg, IL into Fort Wayne, IN. Total expected charges $5.0M; $4.2M pre-tax incurred through 2003-12-31, of which $3.6M expended and $0.6M reserve remained. Positions-eliminated count not disclosed for this plan.
2003-12-31restructuringin_progress2003-062006-03United StatesAll domestic operations (Retirement, Life Insurance, Investment Management, Other Operations)USD 101 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
June 2003 announcement combined retirement and life insurance into a single operating unit; August 2003 announcement added realignment across all domestic operations. Total expected charges $101.0M; $31.9M pre-tax incurred through 2003-12-31, of which $18.8M expended and $13.1M reserve remained. FY2003 pre-tax charges by segment: Retirement $15.9M, Life Insurance $1.7M, Investment Management $7.1M, Other Operations $7.2M. Positions-eliminated count not disclosed for this plan.
2003-12-31restructuringin_progress2003-01-012006-06-30United StatesLife InsuranceUSD 21 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Life Insurance Realignment announced Jan 2003. Total expected charges $21.0M. Completion Q2 2006.
2003-12-31restructuringin_progress2003-02-012006-06-30United StatesLincoln RetirementUSD 5 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Fixed Annuity Consolidation announced Feb 2003. Total expected charges $5.0M. Completion Q2 2006.
2003-12-31restructuringin_progress2003-06-012006-03-31United StatesCorporate / All SegmentsUSD 101 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Realignment announced June/Aug 2003 combining retirement and life insurance. Total expected charges $101.0M. Completion Q1 2006.
2003-12-31restructuringcompleted2002-06-012003-09-30United StatesLincoln RetirementUSD 2 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
IT organization reorganization announced Q2 2002. Completed Q3 2003. Charge $1.6M.
2003-12-31restructuringcompleted132000-06-012001-12-31United StatesInvestment ManagementUSD 4 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Vantage downsizing plan. 13 positions eliminated. Completed Q4 2001.
2003-12-31restructuringcompleted192000-12-012002-09-30United StatesInvestment ManagementUSD 4 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Lincoln Investment Management downsizing. 19 positions eliminated. Completed Q3 2002.
2003-12-31restructuringin_progress6712000-09-012015-12-31United KingdomLincoln UKUSD 99 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Lincoln UK exit of direct sales and consolidation. 671 positions eliminated. Lease payments continue until 2016.
2003-12-31restructuringcompleted302001-03-012002-03-31United StatesLincoln Retirementrestructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Syracuse operations consolidation. 30 positions eliminated. Completed Q1 2002.
2003-12-31restructuringcompleted262001-06-012002-06-30United StatesLincoln Retirement / Life Insurancerestructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Schaumburg operations elimination. 26 positions eliminated. Completed Q2 2002.
2003-12-31restructuringcompleted622001-06-012003-03-31United StatesOther Operations (LFD)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
LFD reorganization Q2 2001. 62 positions eliminated. Completed Q1 2003.
2003-12-31restructuringcompleted362001-12-012002-12-31United StatesLife Insurancerestructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Life Insurance Hartford reorganization. 36 positions eliminated. Completed Q4 2002.
2003-12-31restructuringcompleted192001-12-012004-06-30United StatesCorporaterestructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Fort Wayne operations consolidation. 19 positions eliminated. Expected completion Q2 2004.
2003-12-31restructuringin_progress2003-012006-06-30United States (Hartford, CT and Schaumburg, IL)Life InsuranceUSD 18 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Realignment of Hartford and Schaumburg operations announced January 2003. Charge shown is the FY2003 pre-tax amount incurred; total expected program charge is $21.0 million. Number of positions to be eliminated was not disclosed.
2003-12-31restructuringin_progress2003-022006-06-30United States (Schaumburg, IL consolidated into Fort Wayne, IN)Lincoln RetirementUSD 4 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Consolidation of fixed annuity operations announced February 2003. Charge shown is the FY2003 pre-tax amount incurred; total expected program charge is $5.0 million. Positions affected not disclosed.
2003-12-31restructuringin_progress2003-062006-03-31United StatesLincoln RetirementUSD 16 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sub-component of the combined June/August 2003 realignment; charge is the FY2003 pre-tax amount reported to this segment. Program-wide FY2003 charge $31.9 million, total expected $101.0 million. Additional activities announced August 2003.
2003-12-31restructuringin_progress2003-062006-03-31United StatesLife InsuranceUSD 2 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sub-component of the combined June/August 2003 realignment; charge is the FY2003 pre-tax amount reported to this segment.
2003-12-31restructuringin_progress2003-062006-03-31United StatesInvestment ManagementUSD 7 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sub-component of the combined June/August 2003 realignment; charge is the FY2003 pre-tax amount reported to this segment.
2003-12-31restructuringin_progress2003-062006-03-31United StatesOther OperationsUSD 7 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sub-component of the combined June/August 2003 realignment; charge is the FY2003 pre-tax amount reported to this segment.
2003-12-31restructuringcompleted492002-062003-09-30United StatesLincoln RetirementUSD 1 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
IT organization reorganization announced Q2 2002, completed Q3 2003. Headcount is cumulative positions eliminated through 2003-12-31 (program inception 2002); charge shown is the amount expended during 2003, with the full $1.6 million program charge recognized in 2002.
2003-09-30restructuringin_progress2003-01-012006-06-30United States (Hartford, CT and Schaumburg, IL)Life InsuranceUSD 14 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Total expected charges $20.0 million; $14.2 million incurred through September 30, 2003 including $4.2 million severance. Restructuring reserve of $2.6 million at quarter-end.
2003-09-30restructuringin_progress2003-02-012006-06-30United States (Schaumburg, IL to Fort Wayne, IN)Lincoln Retirement — fixed annuity operationsUSD 4 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Total expected charges $5.6 million; $3.5 million incurred through September 30, 2003 including $1.1 million severance. Reserve at quarter-end was zero.
2003-09-30restructuringin_progress2003-06-012006-06-30United StatesCombined retirement and life insurance businesses; all domestic operations (June/August 2003 realignment)USD 21 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Total expected charges $109.4 million; $21.1 million incurred through September 30, 2003 including $19.0 million severance. Reserve of $15.1 million at quarter-end. Charges reported across Retirement ($11.1M), Life Insurance ($1.1M), Investment Management ($5.3M), Other Operations ($3.6M).
2003-09-30restructuringin_progress1,0002003-08-042006-06-30United StatesAll domestic operationsUSD 135 (millions)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Job eliminations expected to range between 800 and 1,000, including approximately 500 that occurred in the nine months ended September 30, 2003. Expected pre-tax charges of $135 million over three years ($75M in 2003, $55M in 2004, $5M in 2005); expected pre-tax savings of $30M in 2003, $80M in 2004, $105M in 2005; plus growth investments of $15M/$30M/$35M. Estimated after-tax net charge of $39M in 2003, $3M in 2004, net savings of $42M in 2005. Upper bound of disclosed range used for employees_affected_count.
2003-09-30restructuringin_progress1191999-01-012016-12-31United KingdomLincoln UKUSD 10 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
112 of 119 positions eliminated through September 30, 2003; reserve of $1.4 million remains, substantially complete with lease payments through 2016.
2003-09-30restructuringin_progress6712000-01-012015-12-31United KingdomLincoln UK — exit of direct sales and consolidation of Uxbridge office into BarnwoodUSD 99 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
All 671 positions eliminated; reserve of $8.4 million remains, substantially complete with lease payments through 2015.
2003-09-30restructuringin_progress992001-01-012005-12-31United StatesSchaumburg (FPP), Boston office consolidation, LFD, Fort Wayne operationsUSD 33 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
107 positions eliminated against 99 planned; reserve of $0.7 million remains. Expected completion: Schaumburg Q1 2004, Boston Q4 2005, Fort Wayne Q2 2004; LFD plan completed.
2003-09-30restructuringcompleted492002-04-012003-09-30United StatesLincoln Retirement — IT organization reorganizationUSD 2 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
All 49 positions eliminated; reserve fully expended by September 30, 2003.
2003-09-30restructuringin_progress2003-012006-06-30United StatesLife InsuranceUSD 14 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Life Insurance segment realignment of Hartford, CT and Schaumburg, IL operations. Charge is pre-tax incurred through 2003-09-30. Program-level total of approximately 500 job eliminations occurred over the nine months ended 2003-09-30 across all three 2003 sub-programs; not broken out by sub-component.
2003-09-30restructuringin_progress2003-022006-06-30United StatesLincoln RetirementUSD 4 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Fixed annuity operations consolidation from Schaumburg, IL into Fort Wayne, IN. Charge is pre-tax incurred through 2003-09-30. Program-level total of approximately 500 job eliminations occurred over the nine months ended 2003-09-30 across all three 2003 sub-programs; not broken out by sub-component.
2003-09-30restructuringin_progress2003-062006-03-31United StatesMultiple segments (Retirement, Life Insurance, Investment Management, Other Operations)USD 21 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Combination of retirement and life insurance businesses into a single operating unit announced June 2003, with additional realignment actions announced August 2003. Charge is pre-tax incurred through 2003-09-30. Program-level total of approximately 500 job eliminations occurred over the nine months ended 2003-09-30 across all three 2003 sub-programs; not broken out by sub-component. Full program expected to eliminate 800–1,000 positions with total charges of $135M over three years.
2003-09-30restructuringin_progress8002003-06-012006-06-30United StatesLife Insurance, Lincoln Retirement, Investment Management, Other OperationsUSD 135 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Job eliminations expected to range between 800 and 1,000; approximately 500 occurred in the nine-month period ended September 30, 2003.
2003-06-30restructuringin_progress11919992016United KingdomLincoln UKUSD 10 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Streamlining Lincoln UK operations; 112 positions eliminated through June 30, 2003; reserve of $1.6 million at June 30, 2003
2003-06-30restructuringin_progress67120002015United KingdomLincoln UKUSD 99 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Exit of direct sales and sales support operations and consolidation of Uxbridge home office with Barnwood; all 671 positions eliminated through June 30, 2003; reserve of $8.7 million
2003-06-30restructuringin_progress2720012004-03-31United StatesFirst Penn-Pacific (Schaumburg, Illinois)USD 4 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Elimination of duplicative functions absorbed into Lincoln Retirement and Life Insurance operations; 26 positions eliminated through June 30, 2003
2003-06-30restructuringin_progress020012005-12-31United StatesInvestment Management (Boston office consolidation)USD 1 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Consolidation of Boston investment and marketing office with Philadelphia operations; no positions to be eliminated under original plan
2003-06-30restructuringcompleted6320012001-12-31United StatesLincoln Financial Distributors (LFD)USD 4 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
LFD channel oversight repositioning; 62 positions eliminated through June 30, 2003; plan completed
2003-06-30restructuringin_progress920012004-06-30United StatesFort Wayne, Indiana operations (Other Operations)USD 24 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Consolidation of operations and space; 19 positions eliminated through June 30, 2003, exceeding original plan of 9
2003-06-30restructuringin_progress492002-062003-09-30United StatesLincoln Retirement (IT organization)USD 2 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Reorganization of IT organization to achieve common annuity administrative platform; all 49 positions eliminated through June 30, 2003
2003-06-30restructuringin_progress1472003-012006-06-30United StatesLife Insurance (Hartford, CT and Schaumburg, IL realignment)USD 13 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
135 of 147 positions eliminated through June 30, 2003; reserve of $7.3 million at June 30, 2003
2003-06-30restructuringin_progress642003-022006-06-30United StatesLincoln Retirement (fixed annuity consolidation, Schaumburg to Fort Wayne)USD 3 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
52 of 64 positions eliminated through June 30, 2003; consolidation completed in second quarter 2003
2003-06-30restructuringin_progress2003-06United StatesRetirement and Life Insurance combination into single operating unitUSD 3 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Positions to be eliminated to be determined; 3 positions eliminated through June 30, 2003
2003-06-30restructuringannounced9002003-08-042005-12-31United StatesAll domestic operationsUSD 135 (millions)subsequent_events
f5-10q / GLM-5.3-flash-fp4-HTML
Job eliminations expected between 800 and 1,000 (midpoint 900 used), including approximately 200 occurring during 2003; charges of ~$95 million in 2003, $30 million in 2004, $10 million in 2005; expected pre-tax savings of $25 million (2003), $80 million (2004), $105 million (2005); includes previously announced realignments
2003-06-30restructuringin_progress1472003-012006-06-30United StatesLife InsuranceUSD 13 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Pre-tax total plan charge. 135 positions eliminated through June 30, 2003. Realignment of Hartford, CT and Schaumburg, IL operations.
2003-06-30restructuringin_progress642003-022006-06-30United StatesLincoln Retirement — Fixed AnnuitiesUSD 3 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Pre-tax total plan charge. 52 positions eliminated through June 30, 2003. Consolidation of fixed annuity operations from Schaumburg, IL into Fort Wayne, IN.
2003-06-30restructuringin_progress2003-06United StatesRetirement and Life Insurance (combined unit)USD 3 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Pre-tax total plan charge. Number of positions to be eliminated is TBD; 3 positions eliminated through June 30, 2003. Combination of retirement and life insurance businesses into a single operating unit.
2003-06-30restructuringannounced2003-08-04United StatesAll domestic operationsUSD 135 (millions)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Total pre-tax charges of $135M over three years ($95M in 2003, $30M in 2004, $10M in 2005), including $19M already incurred through June 30, 2003. Expected job eliminations range from 800 to 1,000, including approximately 200 already occurred during 2003. Expected pre-tax savings: $25M in 2003, $80M in 2004, $105M in 2005. Additional pre-tax growth investments of $15M (2003), $30M (2004), $35M (2005). After-tax net impact: charge of $55M in 2003, savings of $13M in 2004, savings of $39M in 2005. This program includes the previously announced 2003 restructuring sub-components above.
2003-06-30restructuringin_progress1472003-01-012006-06-30Hartford, Connecticut and Schaumburg, IllinoisLife InsuranceUSD 13 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Life Insurance segment realignment to enhance productivity and efficiency. 135 positions eliminated through June 30, 2003.
2003-06-30restructuringcompleted642003-02-012006-06-30Schaumburg, Illinois to Fort Wayne, IndianaLincoln RetirementUSD 3 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Consolidation of fixed annuity operations. 52 positions eliminated through June 30, 2003.
2003-06-30restructuringin_progress2003-06-01DomesticRetirement and Life InsuranceUSD 3 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Combination of retirement and life insurance businesses into a single operating unit. 3 positions eliminated through June 30, 2003. Total positions to be determined.
2003-06-30restructuringannounced8002003-08-04DomesticAll Domestic OperationsUSD 95 (millions)subsequent_events
f5-10q / Qwen3.6-27B-Q8_0
Further action to position LNC for future growth impacting all domestic operations. Job eliminations expected to range between 800 and 1,000, including approximately 200 which have occurred during 2003.
2003-03-31restructuringin_progress1191999-01-012016-12-31United KingdomLincoln UKUSD 10 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Streamlining Lincoln UK operations; 112 positions eliminated through March 31, 2003; reserve of $1.8 million at quarter-end
2003-03-31restructuringin_progress6712000-01-012015-12-31United KingdomLincoln UKUSD 99 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Exit of direct sales and sales support operations and consolidation of Uxbridge home office with Barnwood; all 671 positions eliminated; reserve $9.3 million at quarter-end
2003-03-31restructuringin_progress272001-01-012004-03-31Schaumburg, IllinoisFirst Penn-PacificUSD 4 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Elimination of duplicative functions absorbed into Fort Wayne and Hartford operations; 26 positions eliminated through March 31, 2003
2003-03-31restructuringin_progress2001-01-012005-12-31Boston, MassachusettsInvestment ManagementUSD 1 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Consolidation of Boston investment and marketing office with Philadelphia operations; no positions specified
2003-03-31restructuringcompleted632001-10-01Lincoln Financial Distributors (LFD)USD 4 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
LFD channel oversight repositioning; 62 positions eliminated through March 31, 2003; plan completed
2003-03-31restructuringin_progress92001-01-012004-06-30Fort Wayne, IndianaOther OperationsUSD 24 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Consolidation of operations and space; 19 positions eliminated through March 31, 2003
2003-03-31restructuringin_progress492002-04-012003-09-30Lincoln Retirement (IT organization)USD 2 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Reorganization of internal IT organization; all 49 positions eliminated; reserve $0.4 million at quarter-end
2003-03-31restructuringin_progress1482003-01-012003-12-31Hartford, Connecticut and Schaumburg, IllinoisLife InsuranceUSD 6 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Realignment to enhance productivity and scalability; expected costs $15-17 million after-tax during 2003; $4.1 million after-tax ($6.4 million pre-tax) incurred through March 31, 2003, including $4.5 million pre-tax severance for 148 positions and $1.8 million software write-off
2003-03-31restructuringannounced2003-02-012003-12-31Schaumburg, Illinois to Fort Wayne, IndianaLincoln Retirement (fixed annuity operations)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Consolidation of fixed annuity operations; expected costs $3-5 million after-tax during 2003; no expenses incurred through March 31, 2003
2003-03-31restructuringin_progress1482003-012003-12-31United StatesLife InsuranceUSD 6 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Realignment of Hartford, CT and Schaumburg, IL operations. Through March 31, 2003, $6.4M pre-tax expense incurred including $4.5M severance for 148 positions; $5.5M qualified as FAS 146 restructuring charge, remainder recorded as operating expense. Total expected after-tax cost of $15-17M during 2003.
2003-03-31restructuringannounced2003-022003-12-31United StatesLincoln Retirementrestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Consolidation of fixed annuity operations from Schaumburg, IL into Fort Wayne, IN. Expected after-tax cost of $3-5M during 2003. No expenses incurred through March 31, 2003.
2003-03-31restructuringin_progress4920022003-09-30United StatesLincoln RetirementUSD 2 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Reorganization of Lincoln Retirement IT organization to align internal activities with service providers. Plan total $1.6M pre-tax. All 49 positions eliminated through March 31, 2003. Reserve of $0.4M remaining.
2003-03-31restructuringin_progress2620012004-03-31United StatesFirst Penn-Pacific (FPP)USD 4 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Elimination of duplicative functions in Schaumburg, IL operations of First Penn-Pacific, absorbed into Lincoln Retirement and Life Insurance segments. 27 positions planned, 26 actual through March 31, 2003. Reserve of $0.2M remaining.
2003-03-31restructuringin_progress020012005-12-31United StatesInvestment ManagementUSD 1 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Consolidation of Boston, MA investment and marketing office with Philadelphia, PA operations to eliminate redundant facilities. No positions eliminated through March 31, 2003. Reserve of $0.4M remaining.
2003-03-31restructuringcompleted622001United StatesOther OperationsUSD 4 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Combination of LFD channel oversight and expansion of wholesaler customer base in non-productive territories. 63 positions planned, 62 actual through March 31, 2003. Plan marked as completed.
2003-03-31restructuringin_progress1920012004-06-30United StatesOther OperationsUSD 24 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Consolidation of operations and space in Fort Wayne, IN. 9 positions planned, 19 actual through March 31, 2003. Reserve of $0.5M remaining.
2003-03-31restructuringin_progress11219992016-12-31United KingdomLincoln UKUSD 10 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Streamlining of Lincoln UK operations. 119 positions planned, 112 actual through March 31, 2003. Reserve of $1.8M remaining. Includes severance and abandoned office space rent.
2003-03-31restructuringin_progress67120002015-12-31United KingdomLincoln UKUSD 99 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Exit of direct sales and sales support operations of Lincoln UK and consolidation of Uxbridge home office with Barnwood. All 671 positions eliminated through March 31, 2003. Reserve of $9.3M remaining.
2003-03-31restructuringin_progress1482003-01-01Hartford, Connecticut and Schaumburg, IllinoisLife InsuranceUSD 6 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Pre-tax costs of $4.5 million for severance and termination benefits related to the elimination of 148 positions, plus write-offs and other costs.
2003-03-31restructuringin_progress2003-02-01Schaumburg, Illinois to Fort Wayne, IndianaLincoln Retirementrestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Consolidation of fixed annuity operations. Expected after-tax costs of $3-$5 million. No expenses incurred through March 31, 2003.
2002-12-31acquisition_additioncompleted2002-08-302002-08-30United StatesLincoln RetirementUSD 22 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of The Administrative Management Group, Inc. for $21.6M cash; headcount not disclosed; contingent payments up to $14M over 2003-2006
2002-12-31divestiture_reductioncompleted2002-07-012002-07-01United KingdomLincoln UKItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Approximately 500 employees transferred to Capita when customer service and policy administration was outsourced in Q3 2002; exact date not disclosed
2002-12-31restructuringcompleted492002-06-302003-09-30United StatesLincoln Retirement — Information TechnologyUSD 2 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
IT organization reorganization; $1.4M severance plus $0.2M outplacement; $0.9M expended through 2002-12-31; $0.7M reserve remaining
2002-12-31restructuringcompleted302001-03-312002-03-31United StatesLincoln Retirement / Life Insurance — Syracuse operations consolidationrestructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Plan initiated Q1 2001, completed Q1 2002; $1.3M expended; 30 positions eliminated; $0.3M over original reserve
2002-12-31restructuringcompleted262001-06-302002-12-31United StatesLincoln Retirement / Life Insurance — Schaumburg, Illinois operationsrestructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Plan initiated Q2 2001, completed Q4 2002; $3.7M expended; 26 positions eliminated; $0.3M reserve remaining
2002-12-31restructuringcompleted362001-12-312002-12-31United StatesLife Insurance — Hartford, Connecticut operationsrestructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Plan initiated Q4 2001, completed Q4 2002; $2.3M expended; 36 positions eliminated
2002-12-31restructuringcompleted622001-12-312002-12-31United StatesOther Operations — Lincoln Financial Distributors (LFD)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Plan initiated Q4 2001, completed Q4 2002; $3.8M expended; 62 positions eliminated; less than $0.1M reserve remaining
2002-12-31restructuringin_progress92001-12-312004-12-31United StatesOther Operations — Fort Wayne, Indiana operations consolidationUSD 24 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Plan initiated Q4 2001; $22.3M expended through 2002; 19 positions eliminated cumulative; $0.6M reserve remaining; $1.5M rent reserve released in Q3 2002
2002-12-31restructuringin_progress2000-09-302015-12-31United KingdomLincoln UK — exit of direct sales operations and Uxbridge consolidationUSD 99 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Multi-year program initiated 2000; 671 positions eliminated cumulative; $88.0M expended through 2002; $9.7M reserve remaining; $1.7M released in Q4 2002
2002-12-31restructuringin_progress1999-12-312016-12-31United KingdomLincoln UK — operations streamliningUSD 10 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Plan initiated Q4 1999; 112 positions eliminated cumulative; $7.5M expended through 2002; $2.5M reserve remaining
2002-12-31restructuringcompleted2000-12-312002-09-30United StatesInvestment Management — Lincoln Investment Management consolidationrestructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Plan completed Q3 2002; 19 positions eliminated cumulative; $3.5M expended; $0.4M reserve released
2002-12-31restructuringcompleted2000-12-312002-09-30United StatesOther Operations — corporate center downsizingrestructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Plan completed Q3 2002 upon lease termination; $0.2M reserve reversed
2002-12-31restructuringannounced2003-01-312004-12-31United StatesLife Insurance — Hartford, Connecticut and Schaumburg, Illinois realignmentUSD 16 (millions)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Announced January 2003; $15-17M after-tax cost in 2003; expected pre-tax savings of $15-20M annually beginning 2004; midpoint of range used for charge value
2002-12-31restructuringannounced2003-02-282003-12-31United StatesLincoln Retirement — fixed annuity operations consolidation from Schaumburg to Fort WayneUSD 4 (millions)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Announced February 2003; $3-5M after-tax cost in 2003; midpoint of range used; expected pre-tax savings of $4-6M annually beginning Q3 2003
2002-12-31restructuringcompleted1191999-Q42002-12-31United KingdomLincoln UKUSD 10 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
1999 plan to reduce operating costs by consolidating and eliminating redundant staff functions and facilities. 119 positions eliminated. Plan completed except for lease payments.
2002-12-31restructuringcompleted6712000-Q32002-12-31United KingdomLincoln UKUSD 99 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
2000 plan to exit all direct sales and sales support operations and consolidate Uxbridge home office with Barnwood. 671 positions eliminated. Pre-tax charges of $53.5M (Q3) and $45.9M (Q4).
2002-12-31restructuringcompleted132000-Q22001-Q4United StatesInvestment ManagementUSD 3 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
2000 Vantage restructuring plan. 13 positions eliminated. Completed in Q4 2001.
2002-12-31restructuringcompleted192000-Q42002-Q3United StatesInvestment ManagementUSD 3 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
2000 Lincoln Investment Management restructuring. 19 positions eliminated. Completed in Q3 2002.
2002-12-31restructuringcompleted302001-Q12002-Q1United StatesLincoln RetirementUSD 1 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
2001 Syracuse restructuring plan. 30 positions eliminated. Completed in Q1 2002.
2002-12-31restructuringcompleted262001-Q22002-Q4United StatesLincoln Retirement / Life InsuranceUSD 4 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
2001 Schaumburg, Illinois restructuring plan (First Penn-Pacific). 26 positions eliminated. Completed in Q4 2002.
2002-12-31restructuringcompleted262001-Q22002-Q4United StatesOther Operations (LFD)USD 2 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
2001 LFD restructuring plan initiated in Q2. 26 positions eliminated. Completed in Q4 2002.
2002-12-31restructuringcompleted362001-Q42002-Q4United StatesLife InsuranceUSD 2 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
2001 Life Insurance segment restructuring plan. 36 positions eliminated. Completed in Q4 2002.
2002-12-31restructuringcompleted622001-Q42002-Q4United StatesOther Operations (LFD)USD 4 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
2001 LFD restructuring plan initiated in Q4. 62 positions eliminated. Completed in Q4 2002.
2002-12-31restructuringcompleted192001-Q42002-Q4United StatesOther Operations (Corporate)USD 22 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
2001 Fort Wayne operations consolidation. 19 positions eliminated. Completed in Q4 2002.
2002-12-31restructuringin_progress492002-Q22003-Q3United StatesLincoln RetirementUSD 2 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
2002 Lincoln Retirement IT organization reorganization. 49 positions eliminated. Expected completion Q3 2003.
2002-12-31acquisition_additioncompleted2002-08-302002-08-30United StatesLincoln RetirementUSD 22 (millions)business_combinations_footnote
f5-10k / Qwen3.6-27B-Q8_0
Acquisition of The Administrative Management Group, Inc. (AMG). Headcount not explicitly disclosed.
2002-12-31divestiture_reductioncompleted2001-12-072001-12-07GlobalReinsurance (Other Operations)discontinued_operations_footnote
f5-10k / Qwen3.6-27B-Q8_0
Sale of reinsurance operations to Swiss Re. Headcount not explicitly disclosed.
2002-12-31divestiture_reductioncompleted5002002-Q32002-Q3United KingdomLincoln UKItem_1_Business
f5-10k / Qwen3.6-27B-Q8_0
Outsourcing of customer service and policy administration to Capita Group. Transfer of approximately 500 employees.
2002-09-30restructuringcompleted11819982002-09-30United StatesCorporate Centerrestructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
118 positions eliminated through September 30, 2002; plan completed in Q4 2000 except lease payments on abandoned facilities, which ended in Q3 2002 when the lease terminated.
2002-09-30restructuringcompleted3419992000-12-31United StatesLynch & Mayer, Inc.restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
34 positions eliminated; plan completed in Q4 2000.
2002-09-30restructuringcompleted3919992001-12-31United StatesHMO excess-of-loss reinsurance programsrestructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
39 positions eliminated; remaining reserve of $0.2 million transferred to Swiss Re in Q4 2001 with the reinsurance business sale.
2002-09-30restructuringin_progress1121999United KingdomLincoln UKUSD 3 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
112 positions eliminated through September 30, 2002; $2.6 million remains in reserve; lease payments on closed facilities continue until 2016.
2002-09-30restructuringcompleted1320002001-12-31United StatesVantage Global Advisors, Inc.restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
13 positions eliminated; plan completed in Q4 2001.
2002-09-30restructuringin_progress6712000United KingdomLincoln UKUSD 11 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
671 positions eliminated through September 30, 2002; $10.8 million remains in reserve; lease payments on abandoned office facilities continue until 2015.
2002-09-30restructuringcompleted1920002002-09-30United StatesLincoln Investment Managementrestructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
19 positions eliminated; all expenditures and write-offs completed in Q3 2002 and $0.4 million of reserve released.
2002-09-30restructuringcompleted3020012002-03-31United StatesLincoln Life & Annuity Company of New York (Syracuse) consolidation into Lincoln Retirementrestructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
30 positions eliminated; plan completed in Q1 2002; total expended exceeded the original reserve by $0.3 million.
2002-09-30restructuringin_progress1502001United StatesMultiple plans: FPP, LFD, Life Insurance (Hartford), Boston investment office, Fort WayneUSD 3 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
150 positions eliminated through September 30, 2002 across six 2001 plans; $3.1 million remains in reserve; completion dates range from Q2 2002 to Q4 2005.
2002-09-30restructuringin_progress4920022003-09-30United StatesLincoln Retirement — internal information technology organizationUSD 2 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
49 positions eliminated; aggregate pre-tax costs of $1.6 million ($1.4 million severance, $0.2 million outplacement); $0.4 million expended through September 30, 2002 with $1.2 million reserve remaining.
2002-09-30otherannounced5002002United KingdomLincoln UK — customer service and policy administrationMD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Lincoln UK agreed in Q3 2002 to outsource customer service and policy administration to the Capita Group, Plc, involving the transfer of approximately 500 employees to Capita; purpose was to reduce operational risk and cost variability.
2002-09-30restructuringin_progress492002-06-302003-09-30United StatesLincoln Retirement — Information TechnologyUSD 2 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Pre-tax costs include $1.4M severance and $0.2M outplacement; $0.4M expended through 2002-09-30. Plan announced in Q2 2002 to reorganize IT organization.
2002-09-30restructuringin_progress2001-12-312004-12-31United StatesMultiple segments — 2001 restructuring plans (Syracuse, FPP, LFD, Life Insurance, Boston, Fort Wayne)USD 38 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Aggregate pre-tax charge for 2001 plans; 150 positions eliminated across six remaining plans through 2002-09-30; $3.1M reserve balance remains. Syracuse plan completed Q1 2002.
2002-09-30restructuringin_progress2000-12-312016-12-31United KingdomLincoln UK — direct sales and home office consolidationUSD 107 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Aggregate pre-tax charge for 2000 plans; 671 positions eliminated cumulatively through 2002-09-30; $10.8M reserve remains. Lease payments on abandoned facilities continue until 2015.
2002-09-30othercompleted5002002-09-30United KingdomLincoln UK — customer service and policy administrationMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Approximately 500 employees transferred to Capita Group, Plc under outsourcing agreement to reduce operational risk and cost variability.
2002-09-30acquisition_additioncompleted2002-08-30United StatesLincoln Retirement — employee benefits recordkeepingUSD 21 (millions)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of The Administrative Management Group, Inc. for $21.3M cash; headcount not disclosed. Contingent payments up to $14M over 2003-2006.
2002-09-30restructuringin_progress492002-04-012003-09-30United StatesLincoln Retirement - Information TechnologyUSD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Reorganization of IT organization to align activities and reduce costs. Charge includes $1.4M severance and $0.2M outplacement.
2002-09-30restructuringin_progress2001-04-012004-03-31United StatesFirst Penn-Pacific (FPP)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Elimination of duplicative functions in Schaumburg, IL operations. 150 positions eliminated across six remaining plans through Sept 30, 2002.
2002-09-30restructuringin_progress2001-04-012003-03-31United StatesLife Insurancerestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Reorganization and consolidation of life insurance operations in Hartford, CT.
2002-09-30restructuringin_progress2001-04-012005-12-31United StatesInvestment Managementrestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Consolidation of Boston investment office with Philadelphia operations.
2002-09-30restructuringin_progress2001-04-012004-12-31United StatesCorporate Centerrestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Consolidation of operations and space in Fort Wayne, IN.
2002-09-30restructuringin_progress2000-01-012015-12-31United KingdomLincoln UKrestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Exit of direct sales and consolidation of Uxbridge home office with Barnwood. 671 positions eliminated through Sept 30, 2002. Lease payments continue until 2015.
2002-09-30restructuringin_progress1999-01-012016-12-31United KingdomLincoln UKrestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Streamlining of Lincoln UK operations. 112 positions eliminated through Sept 30, 2002. Lease payments on closed facilities continue until 2016.
2002-09-30acquisition_additioncompleted2002-08-302002-08-30United StatesLincoln RetirementUSD 21 (millions)business_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquisition of The Administrative Management Group, Inc. (AMG). Employee count not disclosed.
2002-09-30othercompleted5002002-09-302002-09-30United KingdomLincoln UKMD&A
f5-10q / Qwen3.6-27B-Q8_0
Outsourcing of customer service and policy administration to Capita Group, Plc. Transfer of approximately 500 employees.
2002-06-30restructuringin_progress492002-04-012003-09-30United StatesLincoln Retirement — internal information technology organizationUSD 2 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Q2 2002 decision to reorganize IT organization; charge includes $1.4M severance and $0.2M outplacement for 49 eliminated positions. Only $0.1M expended through June 30, 2002; $1.5M reserve remains.
2002-06-30restructuringin_progress1492001-01-012005-12-31United StatesMultiple plans: Syracuse consolidation, First Penn-Pacific, LFD, Life Insurance Hartford, Boston investment office, Fort WayneUSD 38 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Six 2001 restructuring plans; 149 positions eliminated through June 30, 2002 and $10.5M pre-tax expended. Aggregate 2001 charges were $38.0M pre-tax ($24.6M after-tax). $26.3M reserve remains; completion dates range from Q2 2002 (LFD) to Q4 2005 (Boston office lease term).
2002-06-30restructuringin_progress6902000-01-012015-12-31United States and United KingdomVantage Global Advisors, Lincoln UK direct sales exit/office consolidation, Lincoln Investment ManagementUSD 107 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Three 2000 restructuring plans with aggregate charges of $107.4M pre-tax ($81.8M after-tax); 690 positions eliminated and $90.1M pre-tax expended through June 30, 2002. $13.2M reserve remains; Lincoln Investment Management plan substantially completed in Q2 2002; abandoned-facility lease payments continue until 2015.
2002-06-30restructuringin_progress1121999-01-012016-12-31United KingdomLincoln UK operations streamliningUSD 7 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
1999 Lincoln UK restructuring plan; 112 positions eliminated and $7.2M pre-tax expended through June 30, 2002. Expenditures completed Q3 2001 except lease payments on closed facilities continuing until 2016; $2.8M reserve remains.
2002-06-30restructuringin_progress4920022003-09-30United StatesLincoln Retirement — Information TechnologyUSD 2 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Announced during Q2 2002; $1.6M pre-tax charge ($1.4M severance, $0.2M outplacement). $0.1M expended through June 30; $1.5M reserve remains.
2002-06-30restructuringin_progress14920012005-12-31United StatesMultiple segments (Syracury, FPP, LFD, Life Insurance, Boston office, Fort Wayne)USD 26 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Positions eliminated are cumulative through 2002-06-30 across six remaining 2001 plans; $26.3M reserve balance remains. Original aggregate charge $38.0M pre-tax.
2002-06-30restructuringin_progress69020002002-06-30United States / United KingdomLincoln UK operations and Lincoln Investment ManagementUSD 13 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Positions eliminated cumulative through 2002-06-30 for the two remaining 2000 plans; $13.2M reserve remains. Lincoln Investment Management plan substantially completed Q2 2002; UK lease payments continue to 2015.
2002-06-30restructuringin_progress11219992016-12-31United KingdomLincoln UKUSD 3 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Positions eliminated cumulative through 2002-06-30; expenditures completed Q3 2001 except lease payments on closed facilities running to 2016; $2.8M reserve remains.
2002-06-30divestiture_reductioncompleted2001-12-072001-12-07GlobalReinsurance segment (sold to Swiss Re)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Swiss Re acquired LNC's reinsurance operation for $2.0 billion; no employee headcount associated with the divestiture is disclosed in this filing.
2002-06-30restructuringin_progress492002-04-012003-09-30Lincoln Retirement - Information TechnologyUSD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Reorganization of IT organization to align activities and reduce costs. Charge includes $1.4M severance and $0.2M outplacement.
2002-06-30restructuringin_progress2001-01-012004-03-31Schaumburg, IllinoisFirst Penn-Pacific (FPP)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Elimination of duplicative functions. 149 positions eliminated across six plans through June 30, 2002. $0.1M excess accrual released in Q2 2002.
2002-06-30restructuringin_progress2001-01-012002-12-31Lincoln Financial Distributors (LFD)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Reorganization of life wholesaling, consolidation of retirement wholesaling territories, and streamlining of marketing/communications.
2002-06-30restructuringin_progress2001-01-012003-03-31Hartford, ConnecticutLife Insurancerestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Reorganization and consolidation of life insurance operations, streamlining underwriting/new business, and outsourcing administration.
2002-06-30restructuringin_progress2001-01-012005-12-31Boston, Massachusetts / Philadelphia, PennsylvaniaInvestment Managementrestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Consolidation of Boston investment office with Philadelphia operations to eliminate redundant facilities and functions.
2002-06-30restructuringin_progress2001-01-012004-12-31Fort Wayne, IndianaCorporate / Reinsurance Divestiturerestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Consolidation of operations and space following divestiture of reinsurance operations. Excess space and printing capacity not used.
2002-06-30restructuringcompleted132000-01-012001-12-31Vantage Global Advisorsrestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Downsizing and consolidation of Vantage operations. Completed in Q4 2001.
2002-06-30restructuringin_progress6902000-01-012015-12-31United Kingdom / United StatesLincoln UK / Lincoln Investment Managementrestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Exit of direct sales in UK, consolidation of home offices, and downsizing of investment management. Lease payments on abandoned facilities continue until 2015/2016.
2002-06-30restructuringcompleted302001-01-012002-03-31Syracuse, New York / Fort Wayne, Indiana / Portland, MaineLincoln Retirementrestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Consolidation of Syracuse operations into Fort Wayne and Portland. Completed in Q1 2002.
2002-03-31restructuringin_progress1492001-01-01United StatesMultiple (Syracuse, Schaumburg, LFD, Life Insurance, Investment Management, Fort Wayne)USD 38 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Six restructuring plans initiated in 2001; aggregate pre-tax charge $38.0 million. Cumulative through 2002-03-31: $8.5 million pre-tax expended or written off and 149 positions eliminated; $28.5 million reserve remains. Plans have varying completion dates from Q2 2002 through Q4 2005.
2002-03-31restructuringin_progress6902000-01-01United States and United KingdomVantage Global Advisors, Lincoln UK direct sales, Lincoln Investment ManagementUSD 107 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Three 2000 plans with aggregate pre-tax charge $107.4 million. Cumulative through 2002-03-31: $88.1 million pre-tax expended or written off and 690 positions eliminated; $15.2 million reserve remains. Lease payments continue to 2014-2015.
2002-03-31restructuringin_progress1121999-01-01United KingdomLincoln UKUSD 32 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Aggregate 1999 plans pre-tax charge $31.8 million across three plans. Lincoln UK component: $7.2 million expended, 112 positions eliminated through 2002-03-31, $2.8 million reserve remains; lease payments continue until 2016.
2002-03-31restructuringcompleted1181998-01-012003-03-31United StatesCorporate CenterUSD 53 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Two 1998 plans with aggregate pre-tax charge $52.8 million. Corporate Center component: $21.3 million expended, 118 positions eliminated, $0.2 million reserve remains at 2002-03-31; rent on abandoned facilities continues until Q1 2003.
2002-03-31divestiture_reductioncompleted2001-12-072001-12-07United States and internationalReinsurance segmentother
f5-10q / GLM-5.3-flash-fp4-HTML
Swiss Re acquired LNC's reinsurance operation for $2.0 billion on 2001-12-07; Reinsurance segment results moved to Other Operations. No employee headcount figure disclosed for the transferred operation.
2002-03-31restructuringcompleted11819982000-12-31United StatesCorporate Centerrestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Positions eliminated cumulative through 2002-03-31; plan completed Q4 2000 except rent on abandoned facilities through Q1 2003; $0.2M pre-tax reserve remained at 2002-03-31. Aggregate 1998 plan charges were $52.8M pre-tax across two plans.
2002-03-31restructuringcompleted3419992000-12-31United StatesInvestment Management (Lynch & Mayer)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Positions eliminated cumulative through 2002-03-31; $13.6M pre-tax expended or written off; plan completed Q4 2000.
2002-03-31restructuringcompleted3919992001-12-31United StatesReinsurance (HMO excess-of-loss programs)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Positions eliminated cumulative through 2002-03-31; $3.7M pre-tax expended or written off; remaining $0.2M reserve transferred to Swiss Re in Q4 2001 with the reinsurance sale.
2002-03-31restructuringcompleted11219992001-09-30United KingdomLincoln UKrestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Positions eliminated cumulative through 2002-03-31; $7.2M pre-tax expended or written off; expenditures completed Q3 2001 except lease payments on closed facilities continuing until 2016; $2.8M reserve remained at 2002-03-31.
2002-03-31restructuringcompleted1320002001-12-31United StatesInvestment Management (Vantage Global Advisors)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Positions eliminated cumulative through 2002-03-31; $3.5M pre-tax expended or written off; plan completed Q4 2001.
2002-03-31restructuringin_progress6902000United Kingdom; United StatesLincoln UK direct sales exit/home office consolidation and Lincoln Investment Managementrestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Combined figure for the two 2000 plans still carrying reserves, positions eliminated cumulative through 2002-03-31; $88.1M pre-tax expended or written off and $15.2M reserve remained at 2002-03-31; operating expenditures completed by Q1 2002 except lease payments on abandoned space running to Nov 2014 and 2015. Aggregate 2000 plan charges were $107.4M pre-tax across three plans.
2002-03-31restructuringcompleted3020012002-03-31United StatesLincoln Retirement (Syracury operations consolidation into Fort Wayne, IN and Portland, ME)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Positions eliminated cumulative through 2002-03-31; plan completed in Q1 2002; $1.3M pre-tax expended, $0.3M above original charge, expensed as incurred.
2002-03-31restructuringin_progress1492001United StatesSix remaining 2001 plans (Schaumburg IL, Hartford CT, Boston MA, Fort Wayne IN, LFD distribution/marketing)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Positions eliminated cumulative through 2002-03-31; $8.5M pre-tax expended and $28.5M reserve remained at 2002-03-31; completion expected between Q2 2002 and Q4 2005 (lease-driven). Aggregate charges for all seven 2001 plans were $38.0M pre-tax ($24.6M after-tax).
2002-03-31divestiture_reductioncompleted2001-12-072001-12-07GlobalReinsurance segmentother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Swiss Re acquired LNC's reinsurance operation for $2.0 billion; no employee headcount associated with the divestiture is disclosed in this filing.
2002-03-31restructuringin_progress1181998-01-012003-03-31United StatesCorporate Centerrestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
1998 Corporate Center plan; 118 positions eliminated through Q1 2002. Remaining rent obligations expected to continue until Q1 2003.
2002-03-31restructuringin_progress341999-01-012016-12-31United StatesLynch & Mayerrestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
1999 Lynch & Mayer downsizing; 34 positions eliminated. Lease payments on closed facilities continue until 2016.
2002-03-31restructuringin_progress1121999-01-012016-12-31United KingdomLincoln UKrestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
1999 Lincoln UK streamlining; 112 positions eliminated through Q1 2002. Lease payments on closed facilities continue until 2016.
2002-03-31restructuringin_progress132000-01-012001-12-31United StatesVantage Global Advisorsrestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
2000 Vantage downsizing; 13 positions eliminated. Plan completed in Q4 2001.
2002-03-31restructuringin_progress6902000-01-012015-12-31United Kingdom / United StatesLincoln UK / Lincoln Investment Managementrestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
2000 Lincoln UK exit of direct sales and LIM consolidation. 690 positions eliminated through Q1 2002. UK lease payments continue until 2015; US lease payments continue until Nov 2014.
2002-03-31restructuringcompleted302001-01-012002-03-31United StatesLincoln Retirement (Syracuse)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
2001 Syracuse consolidation into Fort Wayne/Portland. 30 positions eliminated. Completed in Q1 2002.
2002-03-31restructuringin_progress1492001-01-012005-12-31United StatesVarious (Schaumburg, LFD, Life Insurance, Boston, Fort Wayne)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
2001 multi-site restructurings. 149 positions eliminated through Q1 2002. Completion dates vary by site, with Boston office consolidation expected to complete in Q4 2005 and Fort Wayne rent obligations continuing until 2014.
2001-12-31restructuringin_progress302001-03-312002-03-31Syracuse, New York (functions consolidated into Fort Wayne, Indiana and Portland, Maine)AnnuitiesUSD 1 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Charge recorded in Q1 2001 to consolidate Syracuse operations; comprises $0.8M severance for 30 positions and $0.2M other costs; $1.2M pre-tax expended and all 30 positions eliminated through December 31, 2001.
2001-12-31restructuringin_progress272001-06-302004-03-31Schaumburg, Illinois (functions absorbed into Fort Wayne, Indiana and Hartford, Connecticut)Annuities and Life InsuranceUSD 3 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Charge recorded in Q2 2001 to eliminate duplicative First Penn-Pacific functions; $0.97M pre-tax charged to the Annuities segment and $3.12M pre-tax to the Life Insurance segment; $0.9M other exit costs; $2.4M expended and 24 of 27 positions eliminated through December 31, 2001; $1.69M reserve remains.
2001-12-31restructuringin_progress332001-06-302002-06-30Other Operations — Lincoln Financial Distributors (LFD)USD 2 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Charge recorded in Q2 2001 to reorganize life wholesaling, consolidate retirement wholesaling territories and streamline marketing/communications; entirely severance for 33 positions; $1.3M expended and 23 positions eliminated through December 31, 2001; $0.5M reserve remains.
2001-12-31restructuringin_progress362001-12-312003-03-31Hartford, ConnecticutLife InsuranceUSD 2 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Charge recorded in Q4 2001 to streamline underwriting and new-business processes and complete outsourcing of certain closed-block administration; entirely severance for 36 positions; $0.2M expended and 10 positions eliminated through December 31, 2001; $2.1M reserve remains.
2001-12-31restructuringin_progress2001-12-312005-12-31Boston, Massachusetts and Philadelphia, PennsylvaniaInvestment ManagementUSD 1 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Charge recorded in Q4 2001 to consolidate the Boston investment office into Philadelphia operations; comprises $0.1M asset write-off and $0.5M other costs (primarily abandoned-office lease payments); no headcount reduction quantified and no costs expended through December 31, 2001.
2001-12-31restructuringin_progress632001-12-312002-12-31Other Operations — Lincoln Financial Distributors (LFD)USD 4 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Charge recorded in Q4 2001 to combine channel oversight, capture marketplace consolidation and expand wholesaler coverage in certain territories; entirely severance for 63 positions; $1.2M expended and 56 positions eliminated through December 31, 2001; $2.6M reserve remains.
2001-12-31restructuringin_progress92001-12-312003-12-31Fort Wayne, IndianaOther Operations — corporate (Fort Wayne operations)USD 24 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Charge recorded in Q4 2001 to consolidate operations and eliminate excess space following the reinsurance divestiture; comprises $0.3M severance for 9 positions, $3.2M leasehold-improvement write-off and $20.9M other costs (mainly $19.5M abandoned-office rent); no costs expended through December 31, 2001; rents continue until 2014; estimated $4.6M pre-tax annual operating-expense reduction once fully implemented.
2001-12-31divestiture_reductioncompleted2001-12-072001-12-07Reinsurance (former segment; results moved to Other Operations)USD 15 (millions)other
f5-10k / GLM-5.3-flash-HTML
Swiss Re acquired the reinsurance operation for $2.0 billion via indemnity reinsurance plus sale of stock companies; $15.0M after-tax gain recognized on the stock-company sale (recorded value is a gain, not a charge); headcount transferred to Swiss Re not disclosed; a $0.2M HMO excess-of-loss restructuring reserve was transferred to Swiss Re in Q4 2001.
2001-12-31restructuringin_progress6712000-09-282015-12-31United KingdomLincoln UKUSD 30 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Exit of all direct sales and sales-support operations and consolidation of the Uxbridge home office into Barnwood; charges of $53.5M and $45.9M pre-tax recorded in Q3 and Q4 2000 (severance $29.8M for 671 positions, asset write-offs $39.2M, other exit costs $30.4M); cumulative through fiscal year-end: $85.4M pre-tax expended and all 671 positions eliminated through December 31, 2001; $14.0M reserve remains, mainly abandoned-office rents through 2015.
2001-12-31restructuringin_progress1121999-12-312016-12-31United KingdomLincoln UKUSD 10 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Q4 1999 charge to consolidate and eliminate redundant staff functions and facilities (severance $3.9M for 119 identified positions; other costs $6.1M); severance and write-offs completed in Q3 2001; cumulative through fiscal year-end: $7.0M pre-tax expended and 112 positions eliminated through December 31, 2001; $3.0M reserve remains for closed-facility lease payments until 2016.
2001-12-31restructuringcompleted132000-06-302001-12-31Philadelphia, PennsylvaniaInvestment Management (Vantage Global Advisors)USD 4 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Q2 2000 charge to combine the structured-products team of Delaware and Vantage and consolidate Vantage back-office operations ($2.3M severance for 15 identified positions; $1.4M asset write-off; $0.4M other; $0.6M reversed in Q4 2000); cumulative through fiscal year-end: $3.5M pre-tax written off and 13 positions eliminated through December 31, 2001; plan completed in Q4 2001.
2001-12-31restructuringin_progress192000-12-312002-03-31Investment Management (Lincoln Investment Management)USD 4 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Q4 2000 charge to combine fixed-income investment operations with Delaware in Philadelphia ($1.7M severance for 19 positions; $0.3M asset write-off; $1.9M other); cumulative through fiscal year-end: $1.7M expended and 19 positions eliminated through December 31, 2001; $2.2M reserve remains; remaining expenditures expected by end of Q1 2002 except abandoned-office lease payments until November 2014.
2001-12-31restructuringin_progress302001-01-012002-03-31United States — Syracuse, NYAnnuitiesUSD 1 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Consolidation of Lincoln Life & Annuity Company of New York into Fort Wayne and Portland operations; charge recorded Q1 2001; announcement date approximate (quarter only disclosed)
2001-12-31restructuringin_progress272001-04-012004-03-31United States — Schaumburg, ILAnnuities and Life InsuranceUSD 4 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
First Penn-Pacific duplicative function elimination; $0.97M charged to Annuities and $3.12M to Life Insurance; charge recorded Q2 2001; announcement date approximate (quarter only disclosed)
2001-12-31restructuringin_progress332001-04-012002-06-30United StatesOther Operations — Lincoln Financial Distributors (LFD)USD 2 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Reorganization of life wholesaling in independent planner channel, consolidation of retirement wholesaling territories, streamlining marketing/communications; charge recorded Q2 2001; announcement date approximate (quarter only disclosed)
2001-12-31restructuringin_progress362001-10-012003-03-31United States — Hartford, CTLife InsuranceUSD 2 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Streamlining underwriting and new business processes, completion of outsourcing of closed block administration; charge recorded Q4 2001; announcement date approximate (quarter only disclosed)
2001-12-31restructuringin_progress2001-10-012005-12-31United States — Boston, MAInvestment ManagementUSD 1 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Consolidation of Boston investment office with Philadelphia operations; no positions eliminated disclosed; charge recorded Q4 2001; announcement date approximate (quarter only disclosed)
2001-12-31restructuringin_progress632001-10-012002-12-31United StatesOther Operations — Lincoln Financial Distributors (LFD)USD 4 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Combining channel oversight, positioning LFD for marketplace consolidation, expanding wholesaler customer base in certain territories; charge recorded Q4 2001; announcement date approximate (quarter only disclosed)
2001-12-31restructuringin_progress92001-10-012003-12-31United States — Fort Wayne, INOther OperationsUSD 24 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Consolidation of Fort Wayne operations and excess space reduction following reinsurance divestiture; includes $19.5M rent on abandoned office space through 2014; charge recorded Q4 2001; announcement date approximate (quarter only disclosed)
2001-12-31divestiture_reductioncompleted2001-12-072001-12-07United States and internationalReinsurance segmentdiscontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Swiss Re acquired LNC's reinsurance operation for $2.0 billion; headcount transferred not disclosed; Reinsurance segment results moved to Other Operations
2001-09-30restructuringin_progress302001-03-312001-12-31United StatesAnnuities (Lincoln Life & Annuity Company of New York, Syracuse consolidation)USD 1 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Consolidation of Syracuse operations into Fort Wayne, Indiana and Portland, Maine. Pre-tax costs: $0.8M severance, $0.2M other (abandoned office space). $0.9M expended through 2001-09-30; $0.1M reserve remains.
2001-09-30restructuringin_progress272001-06-302001-12-31United StatesAnnuities and Life Insurance (First Penn-Pacific, Schaumburg, Illinois)USD 4 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Elimination of duplicative functions, transitioning to Fort Wayne, Indiana and Hartford, Connecticut. Charges: $0.97M pre-tax Annuities, $3.12M pre-tax Life Insurance; $3.19M severance, $0.9M other. $1.84M expended; $2.25M reserve remains.
2001-09-30restructuringin_progress332001-06-302002-06-30United StatesOther Operations (Lincoln Financial Distributors)USD 2 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Reorganization of life wholesaling, consolidation of retirement wholesaling territories, streamlining of marketing and communications. Entire charge is severance. $1.3M expended; $0.5M reserve remains.
2001-09-30restructuringcompleted302001-01-012001-12-31United StatesAnnuitiesUSD 1 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Consolidation of Syracuse operations of Lincoln Life & Annuity Company of New York into Fort Wayne, Indiana and Portland, Maine. Pre-tax charge $1.0M; 30 positions eliminated through 2001-09-30. Remaining reserve $0.1M; expenditures expected to complete in Q4 2001.
2001-09-30restructuringin_progress272001-04-012001-12-31United StatesAnnuities and Life InsuranceUSD 4 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
First Penn-Pacific restructuring: eliminate duplicative functions in Schaumburg, Illinois by transitioning to Fort Wayne, Indiana and Hartford, Connecticut. 27 positions identified for elimination; 24 eliminated through 2001-09-30. Pre-tax charge $4.09M ($0.97M Annuities + $3.12M Life Insurance). Remaining reserve $2.25M.
2001-09-30restructuringin_progress332001-04-012002-06-30United StatesOther Operations (Lincoln Financial Distributors)USD 2 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Reorganize life wholesaling function in independent planner channel, consolidate retirement wholesaling territories, streamline marketing/communications. 33 positions identified; 25 eliminated through 2001-09-30. Pre-tax charge $1.8M. Remaining reserve $0.5M; expenditures expected to complete in Q2 2002.
2001-09-30divestiture_reductionannounced2001-07-292001-12-31United StatesReinsuranceother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Swiss Re to acquire LNC's reinsurance operation for $2.0 billion. Expected to close late Q4 2001 subject to regulatory approvals. No headcount impact disclosed.
2001-09-30restructuringin_progress302001-03-312001-12-31Syracuse, New YorkAnnuitiesUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Consolidation of Syracuse operations into Fort Wayne and Portland. Pre-tax charge of $1.0 million.
2001-09-30restructuringin_progress272001-06-302001-12-31Schaumburg, IllinoisAnnuities and Life InsuranceUSD 4 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Elimination of duplicative functions at First Penn-Pacific. Combined pre-tax charge of $4.09 million ($0.97M Annuities, $3.12M Life Insurance).
2001-09-30restructuringin_progress332001-06-302002-06-30United StatesOther Operations (Lincoln Financial Distributors)USD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Reorganization of life wholesaling function. Pre-tax charge of $1.8 million.
2001-06-30restructuringin_progress302001-01-012001-12-31United StatesAnnuitiesUSD 1 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Consolidation of Syracuse operations of Lincoln Life & Annuity Company of New York into Fort Wayne, Indiana and Portland, Maine. Charge recorded Q1 2001; includes $0.8M severance and $0.2M other costs. 30 positions eliminated through June 30, 2001; $0.8M reserve remains.
2001-06-30restructuringin_progress272001-04-012001-12-31United StatesAnnuities and Life Insurance (First Penn-Pacific, Schaumburg, Illinois)USD 4 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Elimination of duplicative functions at First Penn-Pacific, transitioning into Fort Wayne, Indiana (Annuities, $0.97M pre-tax) and Hartford, Connecticut (Life Insurance, $3.12M pre-tax). Includes $3.19M severance and $0.9M other costs. 9 positions eliminated through June 30, 2001; $2.87M reserve remains.
2001-06-30restructuringin_progress332001-04-012002-06-30United StatesOther Operations — Lincoln Financial DistributorsUSD 2 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Reorganization of life wholesaling function within independent planner channel, consolidation of retirement wholesaling territories, and streamlining of marketing and communications. Entire charge is severance. 7 positions eliminated through June 30, 2001; $1.7M reserve remains.
2001-06-30restructuringin_progress6762000-01-01United States and United KingdomVantage Global Advisors; Lincoln UK direct sales; Lincoln Investment ManagementUSD 107 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Aggregate 2000 restructuring plans: $33.8M severance, $40.9M asset impairments, $32.7M other exit costs. 676 positions eliminated through June 30, 2001; $19.6M reserve remains at June 30, 2001.
2001-06-30restructuringin_progress1601999-01-01United States and United KingdomHMO excess-of-loss reinsurance discontinuance; Lincoln UK streamliningrestructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
1999 plans for HMO excess-of-loss discontinuance and Lincoln UK streamlining: $9.9M pre-tax expended or written off through June 30, 2001; 160 positions eliminated; $4.0M reserve remains. Lynch & Mayer plan completed in Q4 2000.
2001-06-30restructuringcompleted1181998-01-012000-12-31United StatesCorporate center operationsUSD 22 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
1998 corporate center streamlining plan completed in Q4 2000 except ongoing rent payments on abandoned facilities expected through end of 2004. 118 positions eliminated; $0.6M reserve remains at June 30, 2001.
2001-06-30divestiture_reductionannounced2001-07-292001-12-31Reinsurance segmentUSD 2,000 (millions)subsequent_events
f5-10q / GLM-5.3-flash-fp4-HTML
Swiss Re to acquire LNC's reinsurance operation for $2.0 billion; LNC retains ~$500 million of supporting capital. Headcount impact not disclosed. Estimated gain ~$800M after-tax deferred under FAS 113; closing anticipated Q4 2001 subject to regulatory approvals.
2001-06-30restructuringin_progress302001-03-312001-12-31United StatesAnnuitiesUSD 1 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Pre-tax charge; announced during Q1 2001. Consolidates Syracuse operations of Lincoln Life & Annuity Company of New York into Fort Wayne, IN and Portland, ME. All 30 positions eliminated through June 30, 2001. Exact announcement date not specified.
2001-06-30restructuringin_progress272001-06-302001-12-31United StatesAnnuities and Life InsuranceUSD 4 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Pre-tax charge of $4.09M total ($0.97M Annuities, $3.12M Life Insurance). Eliminates duplicative functions at First Penn-Pacific in Schaumburg, IL. 9 of 27 positions eliminated through June 30, 2001. Exact announcement date not specified; disclosed as during Q2 2001.
2001-06-30restructuringin_progress332001-06-302002-06-30United StatesOther Operations (Lincoln Financial Distributors)USD 2 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Pre-tax charge. Reorganizes life wholesaling function, consolidates retirement wholesaling territories, and streamlines marketing/communications at LFD. 7 of 33 positions eliminated through June 30, 2001. Exact announcement date not specified; disclosed as during Q2 2001.
2001-06-30restructuringin_progress302001-03-312001-12-31Syracuse, NY; Fort Wayne, IN; Portland, MEAnnuitiesUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Consolidation of Syracuse operations into Fort Wayne and Portland. Pre-tax charge of $1.0 million ($0.65 million after-tax) recorded in Q1 2001.
2001-06-30restructuringin_progress272001-06-302001-12-31Schaumburg, IL; Fort Wayne, IN; Hartford, CTAnnuities and Life InsuranceUSD 4 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Elimination of duplicative functions at First Penn-Pacific. Pre-tax charge of $4.09 million ($2.66 million after-tax) recorded in Q2 2001.
2001-06-30restructuringin_progress332001-06-302002-06-30United StatesOther Operations (Lincoln Financial Distributors)USD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Reorganization of life wholesaling function and consolidation of retirement wholesaling territories. Pre-tax charge of $1.8 million ($1.2 million after-tax) recorded in Q2 2001.
2001-03-31restructuringannounced302001-01-012002-06-30United StatesAnnuitiesUSD 1 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Q1 2001 plan to consolidate Syracuse operations of Lincoln Life & Annuity Company of New York into Fort Wayne, Indiana and Portland, Maine. Pre-tax charge of $1.0 million ($0.65 million after-tax): $0.8 million severance for 30 positions and $0.2 million other costs (mainly abandoned office space leases). Employees notified but not yet severed as of March 31, 2001; expenditures begin Q2 2001.
2001-03-31restructuringcompleted2111998-01-012000-03-31United StatesLife and Annuities operations integration (CIGNA acquisition)USD 35 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
1998 plan integrating life and annuity operations with CIGNA-acquired business; completed Q1 2000. Actual pre-tax costs of $34.9 million expended or written off, exceeding the original $30.8 million reserve; 211 positions eliminated.
2001-03-31restructuringin_progress1181998-01-012004-12-31United StatesCorporate CenterUSD 21 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
1998 corporate center streamlining plan substantially completed Q4 2000 except ongoing rent on abandoned facilities through end of 2004. $20.7 million pre-tax expended; 118 positions eliminated; $0.8 million reserve remaining at March 31, 2001.
2001-03-31restructuringcompleted341999-01-012000-12-31United StatesLynch & Mayer, Inc.USD 14 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
1999 downsizing and consolidation plan for Lynch & Mayer; completed Q4 2000. $13.6 million pre-tax expended; 34 positions eliminated.
2001-03-31restructuringin_progress1381999-01-01United States / United KingdomHMO excess-of-loss reinsurance discontinuance and Lincoln UK streamliningUSD 9 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Two 1999 plans (HMO excess-of-loss program discontinuance; Lincoln UK streamlining) reported together: $9.1 million pre-tax expended and 138 positions eliminated through March 31, 2001; combined reserve of $4.8 million remaining.
2001-03-31restructuringin_progress4822000-01-01United States / United KingdomVantage Global Advisors; Lincoln UK direct sales exit; Lincoln Investment ManagementUSD 76 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Three 2000 plans with aggregate charges of $107.4 million pre-tax ($81.8 million after-tax): severance $33.8 million, impaired asset write-offs $40.9 million, other exit costs $32.7 million. $76.1 million pre-tax expended and 482 positions eliminated through March 31, 2001; $31.7 million reserve remaining.
2001-03-31restructuringin_progress302001-03-312002-06-30United States (Syracuse, NY; Fort Wayne, IN; Portland, ME)AnnuitiesUSD 1 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Announced during Q1 2001; exact announcement date not disclosed. Consolidates Syracuse operations into Fort Wayne and Portland. Pre-tax charge $1.0M ($0.65M after-tax): $0.8M severance for 30 positions plus $0.2M other costs. Employees notified; no severances yet incurred as of 2001-03-31.
2001-03-31restructuringin_progress302001-03-312002-06-30Syracuse, New YorkAnnuitiesUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Consolidation of Syracuse operations into Fort Wayne and Portland. Charge includes $0.8M severance and $0.2M lease costs. No employees severed as of quarter end.
2001-03-31restructuringcompleted2111998-01-012000-03-31United StatesLife and Annuity OperationsUSD 35 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Integration of CIGNA acquired business. Completed Q1 2000. Actual pre-tax costs $34.9M.
2001-03-31restructuringin_progress1181998-01-012004-12-31United StatesCorporate CenterUSD 21 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Streamlining of corporate center. Ongoing rent payments on abandoned facilities expected until end of 2004. Actual pre-tax costs $20.7M through Q1 2001.
2001-03-31restructuringcompleted341999-01-012000-12-31United StatesLynch & MayerUSD 14 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Downsizing of Lynch & Mayer operations. Completed Q4 2000. Actual pre-tax costs $13.6M.
2001-03-31restructuringin_progress1381999-01-01United States and United KingdomHMO Excess-of-Loss and Lincoln UKUSD 9 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Discontinuation of HMO programs and streamlining of Lincoln UK. Actual pre-tax costs $9.1M through Q1 2001.
2001-03-31restructuringin_progress4822000-01-01United States and United KingdomVantage, Lincoln UK, Lincoln Investment ManagementUSD 76 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Downsizing of Vantage, exit of Lincoln UK direct sales, and consolidation of investment management. Actual pre-tax costs $76.1M through Q1 2001.
2000-12-31restructuringin_progress6712000-09-282001-12-31United KingdomLincoln UK — direct sales, sales support and home officeUSD 81 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Exit plan entered in Q3 2000 to end all direct sales and sales-support operations and consolidate the Uxbridge home office into Barnwood. Charges of $40.5M after-tax ($53.5M pre-tax) in Q3 and $36.1M after-tax ($45.9M pre-tax) in Q4; the $81.4M after-tax total also covers $3.4M and $1.4M booked as operating expenses. Pre-tax components: $29.8M severance for the 671 positions, $39.2M impaired-asset write-offs, $30.4M other exit costs. Through Dec 31, 2000, $61.4M pre-tax spent and 392 positions eliminated, leaving a $38.0M reserve. Abandoned-facility rents run to 2015. The concurrent sales-force transfer to Inter-Alliance is captured as a separate action.
2000-12-31restructuringin_progress1520002001United States (Philadelphia)Investment Management — Vantage/Delaware structured products and back officeUSD 4 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Charge recorded in Q2 2000 to merge the Delaware and Vantage structured-product teams in Philadelphia and fold Vantage's back office into Delaware. Pre-tax components: $2.3M severance for 15 positions, $1.4M asset write-offs, $0.4M other. All 15 positions eliminated and $2.8M pre-tax spent by year-end 2000; $0.7M reserve remains, with remaining spend expected by Q3 2001. A $0.6M pre-tax reversal was recorded in Q4 2000.
2000-12-31restructuringin_progress1920002002-03-31United States (Philadelphia)Investment Management — Lincoln Investment Management/DelawareUSD 4 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Q4 2000 charge to combine Lincoln Investment Management's operations with Delaware in Philadelphia. Pre-tax components: $1.7M severance for 19 positions, $0.3M asset write-offs, $1.9M other (mainly lease payments on vacated space). 12 positions eliminated and $0.1M pre-tax spent by year-end 2000; $3.8M reserve remains. Spend expected complete by end of Q1 2002, with lease payments continuing to November 2014.
2000-12-31divestiture_reductioncompleted5632000-09-28United KingdomLincoln UK — sales force / direct distributionMD&A
f5-10k / GLM-5.3-flash-HTML
Definitive agreement to move the Lincoln UK sales force, numbering over 1,000 members, to Inter-Alliance Group PLC; Inter-Alliance hired 563 members and will assume leases on 11 sales offices. Transfer completed during 2000 alongside the decision to stop writing new UK business through direct distribution. Distinct from the 671 positions eliminated with severance under the related restructuring exit plan.
2000-12-31restructuringin_progress6712000-09-282001-12-31United KingdomLincoln UK — direct sales and sales support operations; Uxbridge home office consolidationUSD 99 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Pre-tax charge of $53.5M in Q3 2000 and $45.9M in Q4 2000. Severance for 671 positions; 392 positions eliminated as of Dec 31, 2000. Rents on abandoned facilities expected through 2015.
2000-12-31restructuringcompleted152000-04-012001-06-30United StatesInvestment Management — Vantage Global Advisors consolidation into DelawareUSD 4 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Pre-tax charge recorded Q2 2000. All 15 positions eliminated as of Dec 31, 2000. $0.6M pre-tax reversed in Q4 2000.
2000-12-31restructuringin_progress192000-10-012002-03-31United StatesInvestment Management — Lincoln Investment Management combined into DelawareUSD 4 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Pre-tax charge recorded Q4 2000. 12 positions eliminated as of Dec 31, 2000. Lease payments on abandoned office space continue until November 2014.
2000-12-31restructuringcompleted2111998-01-012000-03-31United StatesLife Insurance and Annuities — CIGNA integration; Fort Wayne to Hartford platform migrationUSD 31 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
1998 plan completed in Q1 2000. All 211 positions eliminated. $4.1M pre-tax spent in excess of original charge; $2.2M expensed in 2000.
2000-12-31restructuringin_progress1431998-10-012004-12-31United StatesCorporate Center — parent company organizational/expense reviewUSD 22 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
1998 plan. 118 employees terminated as of Dec 31, 2000. Rents on abandoned facilities expected through end of 2004. $0.5M pre-tax reversed in Q4 2000.
2000-12-31restructuringcompleted341999-01-012000-12-31United StatesInvestment Management — Lynch & Mayer back office consolidation into DelawareUSD 17 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
1999 plan completed Q4 2000. All 34 positions eliminated. $0.3M pre-tax reversed in Q4 2000.
2000-12-31restructuringin_progress711999-07-012001-12-31United StatesReinsurance — HMO excess-of-loss discontinuanceUSD 5 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
1999 plan. 30 employees terminated as of Dec 31, 2000. $1.0M pre-tax reversed in Q4 2000. Run-off expected virtually complete by end of 2001.
2000-12-31restructuringin_progress1191999-10-012001-06-30United KingdomLincoln UK — staff and facility consolidationUSD 10 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
1999 plan. 108 positions eliminated as of Dec 31, 2000. Expenditures expected to be completed by Q2 2001.
2000-12-31restructuringcompleted2111998-03-312000-03-31United StatesLife Insurance and AnnuitiesUSD 31 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Integration of existing life and annuity operations with CIGNA acquisition. Completed in first quarter of 2000.
2000-12-31restructuringin_progress1431998-12-312004-12-31United StatesCorporate CenterUSD 22 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Downsizing of corporate center operations. 118 employees terminated by year-end. Rent payments on abandoned facilities expected to continue until end of 2004.
2000-12-31restructuringcompleted341999-03-312000-12-31United StatesInvestment ManagementUSD 17 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Downsizing and consolidation of Lynch & Mayer operations into Delaware. Completed in fourth quarter of 2000.
2000-12-31restructuringin_progress711999-09-30United StatesReinsuranceUSD 5 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Discontinuance of HMO excess-of-loss reinsurance programs. 30 employees terminated by year-end.
2000-12-31restructuringin_progress1191999-12-312001-06-30United KingdomLincoln UKUSD 10 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Streamlining of Lincoln UK operations. 108 positions eliminated by year-end.
2000-12-31restructuringin_progress152000-06-302001-09-30United StatesInvestment ManagementUSD 4 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Downsizing and consolidation of Vantage Global Advisors operations into Delaware. All 15 positions eliminated by year-end.
2000-12-31restructuringin_progress6712000-09-282015-12-31United KingdomLincoln UKUSD 99 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Exit of direct sales and consolidation of Uxbridge home office with Barnwood. 392 positions eliminated by year-end. Rent payments on abandoned facilities expected to continue until 2015.
2000-12-31restructuringin_progress192000-12-312014-11-30United StatesInvestment ManagementUSD 4 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Downsizing and consolidation of Lincoln Investment Management operations into Delaware. 12 positions eliminated by year-end. Lease payments on abandoned office space to continue until November 2014.
2000-09-30restructuringin_progress1,0652000-09-282001-12-31United KingdomLincoln UK — sales force and sales support operationsUSD 54 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Q3 2000 charge of $40.5M after-tax ($53.5M pre-tax): severance $11.5M for 1,065 sales force members, impaired asset write-offs $36.8M, other exit costs $5.2M. Total expected charges up to $93M after-tax; up to another $39M after-tax expected in Q4 2000. Sales force to be transferred to Inter-Alliance; new business in UK ceased. At Sep 30, 2000, $36.8M of assets written down and $16.7M remains in restructuring reserves.
2000-09-30restructuringannounced2000-09-282000-12-31United KingdomLincoln UK — home office and operations consolidationUSD 10 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Up to $10 million after-tax expected in Q4 2000 or future quarters, timing dependent on dates of decisions and employee termination notifications for consolidation of Lincoln UK home offices and operations.
2000-09-30restructuringin_progress152000-04-012000-12-31United StatesInvestment Management — Vantage Global Advisors / Delaware structured productsUSD 4 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Q2 2000 charge of $2.7M after-tax ($4.1M pre-tax): severance $2.3M for 15 positions, asset write-offs $1.4M, other costs $0.4M. Combining structured products teams and consolidating back office into Delaware. $0.6M expended by Sep 30, 2000; $3.5M pre-tax remains in reserve. Announcement date approximated to Q2 2000 as exact date not disclosed.
2000-09-30restructuringcompleted2111998-01-012000-03-31United StatesIntegration of life and annuity operations with CIGNA-acquired businessrestructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
1998 plan; severance and termination benefits for 211 positions. All expenditures completed by Q1 2000. Aggregate charge for the two 1998 plans combined was $52.8M pre-tax ($34.3M after-tax); per-plan split not disclosed.
2000-09-30restructuringin_progress1431998-01-012000-12-31United StatesCorporate center operations downsizingrestructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
1998 plan; severance for 143 positions. As of Sep 30, 2000, $2.5M pre-tax remains in restructuring reserve. Aggregate charge for the two 1998 plans combined was $52.8M pre-tax; per-plan split not disclosed.
2000-09-30restructuringin_progress2241999-01-012000-12-31United States / United KingdomLynch & Mayer downsizing; HMO excess-of-loss discontinuance; Lincoln UK streamliningUSD 32 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Three 1999 plans totaling $21.8M after-tax ($31.8M pre-tax); severance for 34, 71 and 119 positions respectively; asset impairments $9.8M; exit costs $13.7M. As of Sep 30, 2000, $22.0M pre-tax expended and 170 positions eliminated; $6.8M pre-tax remains in reserves.
2000-09-30restructuringin_progress1,0652000-09-282001-12-31United KingdomLincoln UK — sales force and sales supportUSD 54 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Pre-tax charge of $53.5M ($40.5M after-tax) recorded in Q3 2000: $11.5M severance for 1,065 sales force members, $36.8M asset write-offs, $5.2M other exit costs. Announced with transfer of UK sales force to Inter-Alliance and decision to cease writing new UK business. Additional charges expected: up to $39M after-tax in Q4 2000 and up to $10M after-tax for home office consolidation. Of the Q3 charge, $36.8M of assets written down and $16.7M remained in restructuring reserves at 2000-09-30; no termination benefits paid yet. Expenditures expected complete by end of 2001.
2000-09-30restructuringin_progress152000-062000-12-31United StatesInvestment Management — Delaware Management Holdings / Vantage Global AdvisorsUSD 4 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Charge of $4.1M pre-tax ($2.7M after-tax) recorded in Q2 2000 to combine structured products teams in Philadelphia and consolidate Vantage back office into Delaware: $2.3M severance for 15 positions, $1.4M asset write-offs, $0.4M other. All affected employees notified; termination benefit payments begin 2000-10-01. $3.5M pre-tax remained in reserve at 2000-09-30; expenditures expected complete by end of 2000.
2000-09-30restructuringin_progress1,0652000-09-282001-12-31United KingdomLincoln UKUSD 54 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Transfer of sales force to Inter-Alliance and cessation of new business writing. Charge includes $11.5M severance for 1,065 sales force members, $36.8M asset write-offs, and $5.2M other exit costs.
2000-09-30restructuringin_progress152000-04-012000-12-31United StatesInvestment ManagementUSD 4 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Consolidation of structured products team and back office operations of Vantage Global Advisors into Delaware Management Holdings. Charge includes $2.3M severance for 15 positions.
2000-09-30restructuringcompleted3541998-01-012000-03-31United StatesCorporate / Life & AnnuityUSD 53 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
1998 plan for CIGNA integration and corporate center downsizing. 313 positions eliminated as of Sept 30, 2000. CIGNA integration completed Q1 2000.
2000-09-30restructuringcompleted2241999-01-012000-09-30United States / United KingdomLynch & Mayer / Reinsurance / Lincoln UKUSD 32 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
1999 plans for Lynch & Mayer downsizing, HMO exit, and Lincoln UK streamlining. 170 positions eliminated as of Sept 30, 2000.
2000-06-30restructuringin_progress2111998Integration of life and annuity operations with CIGNA-acquired businessrestructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Severance and termination benefits of $19.6 million pre-tax (aggregate across both 1998 plans) for elimination of 211 positions; all expenditures under this plan completed by Q1 2000.
2000-06-30restructuringin_progress1431998Corporate center downsizingrestructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Severance for elimination of 143 positions; $3.0 million pre-tax remains in restructuring reserve as of June 30, 2000.
2000-06-30restructuringin_progress341999Investment Management (Lynch & Mayer downsizing/consolidation)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Severance of $8.3 million pre-tax covers 34, 71 and 119 positions across the three 1999 plans combined.
2000-06-30restructuringin_progress711999Reinsurance (discontinuance of HMO excess-of-loss programs)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Part of three 1999 plans with combined severance of $8.3 million pre-tax.
2000-06-30restructuringin_progress1191999United KingdomLincoln UK streamliningrestructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Part of three 1999 plans with combined severance of $8.3 million pre-tax; $8.4 million pre-tax remains in reserves for 1999 plans as of June 30, 2000.
2000-06-30restructuringin_progress152000-06-302000-12-31Philadelphia, PennsylvaniaInvestment Management (Delaware / Vantage structured products consolidation)USD 4 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Q2 2000 charge of $4.1 million pre-tax ($2.7 million after-tax): $2.3 million severance for 15 positions, $1.4 million asset write-offs, $0.4 million other. Employees notified but not yet severed as of June 30, 2000; $1.4 million pre-tax written off.
2000-06-30othercompleted120002000-06-30Corporate — Executive Vice President and Chief Investment OfficerUSD 382,000 (units)other
f5-10q / GLM-5.3-flash-fp4-HTML
Separation agreement with H. Thomas McMeekin (resignation effective June 30, 2000): 52 weeks severance of $382,000, $510,540 pro rata 2000 incentive award, cash in lieu of LTIP for 22,223 shares, forfeiture of 25,000 restricted shares.
2000-06-30restructuringin_progress152000-04-012000-12-31United StatesInvestment ManagementUSD 4 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Pre-tax charge of $4.1M ($2.7M after-tax) for combining structured products teams of Delaware and Vantage in Philadelphia and consolidating Vantage back office into Delaware. Severance of $2.3M for 15 positions, $1.4M asset write-offs, $0.4M other. All affected employees notified; no severances yet executed as of quarter-end.
2000-06-30restructuringin_progress3131998-01-012000-03-31United StatesCorporate / Life and Annuity OperationsUSD 53 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Two 1998 plans: integration of life/annuity operations with CIGNA-acquired business (211 positions) and corporate center downsizing (143 positions). 313 positions eliminated cumulatively as of 2000-06-30. CIGNA integration plan completed Q1 2000; $3.0M pre-tax remains in reserve for corporate center plan.
2000-06-30restructuringin_progress1411999-01-01United States / United KingdomMultiple (Lynch & Mayer, HMO Reinsurance, Lincoln UK)USD 32 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Three 1999 plans: Lynch & Mayer downsizing (34 positions), HMO excess-of-loss discontinuance (71 positions), Lincoln UK streamlining (119 positions). 141 positions eliminated cumulatively as of 2000-06-30. $8.4M pre-tax remains in restructuring reserves.
2000-06-30restructuringin_progress152000-06-302000-12-31PhiladelphiaInvestment ManagementUSD 4 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Combining structured products teams of Delaware Management Holdings and Vantage Global Advisors; consolidating back office operations.
2000-06-30restructuringcompleted3131998-12-312000-03-31United StatesCorporate and Life/Annuity IntegrationUSD 53 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
1998 plan for integration of CIGNA business and corporate center downsizing. Completed by Q1 2000.
2000-06-30restructuringin_progress1411999-12-31United States and United KingdomLynch & Mayer, HMO Reinsurance, Lincoln UKUSD 32 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
1999 plans for downsizing Lynch & Mayer, discontinuing HMO reinsurance, and streamlining Lincoln UK operations.
2000-03-31restructuringin_progress2111998-01-01Integration of life and annuity operations with CIGNA-acquired businessUSD 53 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Aggregate pre-tax charge for both 1998 plans combined; includes $19.6M severance for 211 positions under the CIGNA integration plan. All expenditures under this plan were completed by Q1 2000.
2000-03-31restructuringin_progress1431998-01-01Corporate center operationsUSD 53 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Downsizing of corporate center operations; $19.6M severance covers 143 positions across both 1998 plans. $3.9M pre-tax remains in reserve as of March 31, 2000.
2000-03-31restructuringin_progress341999-01-01Lynch & Mayer, Inc. downsizing and consolidationUSD 32 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Aggregate pre-tax charge for all three 1999 plans combined; severance of $8.3M covers 34, 71 and 119 positions across the three plans. Original estimate reduced by $3.0M in Q4 1999 after lease surrender.
2000-03-31restructuringin_progress711999-01-01Discontinuance of HMO excess-of-loss reinsurance programsUSD 32 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Part of three 1999 restructuring plans with combined $31.8M pre-tax charge; $11.2M pre-tax remains in reserve as of March 31, 2000.
2000-03-31restructuringin_progress1191999-01-01United KingdomLincoln UK operations streamliningUSD 32 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Part of three 1999 restructuring plans with combined $31.8M pre-tax charge; 117 positions eliminated across the three plans as of March 31, 2000.
2000-03-31divestiture_reductioncompleted2000-03-302000-03-30MexicoSeguros Serfin Lincoln (Reinsurance segment exited businesses)USD 101 (millions)other
f5-10q / GLM-5.3-flash-fp4-HTML
LNC transferred its 49% share of Seguros Serfin Lincoln to Grupo Financiero Serfin for $100.5 million, freeing approximately $90 million of capital; headcount impact not disclosed.
2000-03-31restructuringcompleted3131998-01-012000-03-31United StatesCorporate center and life/annuity operations integrationUSD 53 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Cumulative positions eliminated as of 2000-03-31 across two 1998 plans (CIGNA integration: 211 planned; corporate center downsizing: 143 planned). CIGNA integration plan completed in Q1 2000; $3.9M pre-tax remains in reserve for corporate center plan. Charge is cumulative pre-tax, not Q1-specific.
2000-03-31restructuringin_progress1171999-01-01United States / United KingdomLynch & Mayer; HMO excess-of-loss reinsurance; Lincoln UK operationsUSD 32 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Cumulative positions eliminated as of 2000-03-31 across three 1999 plans (planned eliminations: 34, 71, and 119 positions respectively). $11.2M pre-tax remains in restructuring reserves. Charge is cumulative pre-tax, not Q1-specific.
2000-03-31restructuringcompleted21119982000-03-31Life and Annuity Operationsrestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Integration of existing life and annuity operations with business acquired from CIGNA. All expenditures completed by Q1 2000.
2000-03-31restructuringin_progress1431998Corporate Centerrestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Downsizing of corporate center operations. $3.9 million pre-tax reserve remains.
2000-03-31restructuringin_progress341999Lynch & Mayerrestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Downsizing and consolidation of Lynch & Mayer operations.
2000-03-31restructuringin_progress711999Reinsurancerestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Discontinuance of HMO excess-of-loss reinsurance programs.
2000-03-31restructuringin_progress1191999United KingdomLincoln UKrestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Streamlining of Lincoln UK operations. $11.2 million pre-tax reserve remains for 1999 plans.
1999-12-31restructuringcompleted341999-03-312000-06-30United StatesInvestment Management (Lynch & Mayer)USD 17 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Pre-tax charge; $12.1M after-tax. Downsize and consolidate Lynch & Mayer back office into Delaware. All 34 positions eliminated as of Dec 31, 1999. Includes $9.8M impaired asset write-off and $4.3M other costs.
1999-12-31restructuringin_progress711999-09-30United StatesReinsurance (HMO excess-of-loss)USD 5 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Pre-tax charge; $3.2M after-tax. Discontinuance of HMO excess-of-loss reinsurance programs. 16 of 71 positions eliminated as of Dec 31, 1999. Includes $2.4M severance and $2.5M other costs.
1999-12-31restructuringin_progress1191999-12-312001-06-30United KingdomLincoln UKUSD 10 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Pre-tax charge; $6.5M after-tax. Streamlining Lincoln UK operations by consolidating redundant staff functions and facilities. 35 of 119 positions eliminated as of Dec 31, 1999. Includes $3.9M severance and $6.1M other costs.
1999-12-31restructuringin_progress2111998-03-312000-03-31United StatesLife Insurance and Annuities (CIGNA integration)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Announced in 1998; charge recorded in prior year ($30.8M pre-tax). All 211 positions eliminated as of Dec 31, 1999 (cumulative through fiscal year-end). Integration of existing life/annuity operations with CIGNA-acquired business.
1999-12-31restructuringin_progress1431998-12-312000-12-31United StatesCorporate Centerrestructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Announced in 1998; charge recorded in prior year ($22M pre-tax). 101 of 143 positions eliminated as of Dec 31, 1999 (cumulative through fiscal year-end). Streamlining of LNC corporate center operations; rents on abandoned facilities expected complete by end of 2004.
1999-12-31restructuringin_progress341999-03-312000-06-30United StatesInvestment ManagementUSD 17 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Downsizing and consolidation of Lynch & Mayer, Inc. operations into Delaware. Pre-tax charge of $16.9 million. 34 positions eliminated.
1999-12-31restructuringin_progress711999-09-30United StatesReinsuranceUSD 5 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Discontinuance of HMO excess-of-loss reinsurance programs. Pre-tax charge of $4.9 million. 71 positions eliminated.
1999-12-31restructuringin_progress1191999-12-312001-06-30United KingdomLincoln UKUSD 10 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Streamlining of Lincoln UK operations. Pre-tax charge of $10.0 million. 119 positions eliminated.
1999-09-30restructuringin_progress341999-01-012000-06-30United StatesInvestment Management (Lynch & Mayer back office consolidation into Delaware Management Holdings)USD 17 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Pre-tax charge includes $2.8M severance for 34 positions, $9.8M asset write-offs, and $4.3M other costs; $13.1M pre-tax expended or written off through September 30, 1999.
1999-09-30restructuringin_progress1999-07-01United StatesReinsurance (HMO excess-of-loss business discontinuance)USD 5 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Charge covers employee severance and other costs from discontinuing new HMO excess-of-loss reinsurance writing; activities begin in Q4 1999 and continue until wind-down completes.
1999-09-30restructuringin_progress2111998-01-011999-12-31United StatesLife Insurance and Annuities (Fort Wayne downsizing; platform move to Hartford)USD 11 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Part of a $30.8M pre-tax charge that also included $20.1M for merging/closing field offices and consolidating policyholder systems; $29.6M pre-tax expended through September 30, 1999.
1999-09-30restructuringin_progress1431998-10-012000-12-31United StatesCorporate center (parent company)USD 9 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Part of a $22M pre-tax charge that also included $9.9M leasehold/asset write-offs and $3.2M abandoned-facility rents; severance expenditures expected complete by end of 2000, rents by end of 2004. Annualized cost reduction achieved of $19.5 million through September 30, 1999.
1999-09-30restructuringin_progress341999-03-312000-06-30United StatesInvestment ManagementUSD 17 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Downsizing and consolidation of Lynch & Mayer back office into Delaware Management Holdings; includes $2.8M severance for 34 positions, $9.8M asset write-offs, $4.3M other costs; $13.1M pre-tax expended as of 1999-09-30
1999-09-30restructuringin_progress1999-09-30United StatesReinsuranceUSD 5 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Discontinuance of HMO excess-of-loss reinsurance programs; charge covers employee severance and termination benefits plus other exit costs; no position count disclosed; restructuring activities to begin Q4 1999
1999-09-30divestiture_reductioncompleted1999-11-01United StatesReinsuranceother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Transfer of disability income block to MetLife closed 1999-11-01; $495.4M statutory reserves transferred net of $18.5M purchase price; no headcount disclosed
1999-09-30acquisition_additioncompleted1999-09-131999-11-01United StatesReinsuranceUSD 42 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Purchase of Alden Risk Management Services (employer medical stop-loss) and a block of group life/AD&D business for $41.5M cash; closed 1999-11-01; no headcount disclosed
1999-09-30restructuringin_progress2111998-03-311999-12-31Fort Wayne, Indiana and Hartford, ConnecticutLife Insurance and AnnuitiesUSD 11 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Integration of operations with CIGNA acquisition; severance for 211 positions.
1999-09-30restructuringin_progress1431998-12-312000-12-31Corporate CenterCorporateUSD 9 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Downsizing corporate center operations; severance for 143 positions.
1999-09-30restructuringin_progress341999-03-312000-06-30Investment ManagementUSD 3 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Consolidation of Lynch & Mayer back office operations; severance for 34 positions.
1999-09-30restructuringin_progress1999-09-30ReinsuranceUSD 5 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Discontinuance of HMO excess-of-loss reinsurance programs; charge includes severance and other costs.
1999-06-30restructuringcompleted1999-03-311999-03-31Investment ManagementUSD 12 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Charge for downsizing and consolidation of back office operations at Lynch & Mayer.
1999-03-31restructuringin_progressUnited StatesInvestment ManagementUSD 17 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Charge recorded in Q1 1999 for downsizing and consolidation of back office operations at Lynch & Mayer; $12.1 million after-tax ($16.9 million pre-tax). No employee count, announcement date, or completion timing disclosed.
1999-03-31restructuringcompletedInvestment ManagementUSD 12 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Charge for downsizing and consolidation of back office operations at Lynch & Mayer.
1998-12-31restructuringcompleted1998-10-011998-12-31United StatesParent company and select subsidiariesUSD 22 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Organizational/expense review completed Q4 1998; $14.3M after-tax ($22.0M pre-tax) charge for severance and space abandonment from staff reductions in parent and select companies. Holding company staff expected to reduce from 210 to approximately 65. No employee count disclosed.
1998-12-31acquisition_additioncompleted1998-01-021998-01-02United StatesLife Insurance and Annuitiesbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of individual life insurance and annuity block from CIGNA Corporation for $1.414B; added career agency system of 600 producers, life brokerage operation, annuity distribution system, and $37B life insurance in force. No employee headcount disclosed.
1998-12-31acquisition_additioncompleted1998-10-011998-10-01United StatesLife Insurance and Annuitiesbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of individual life insurance block from Aetna Inc. for $1.0B; added 30 life brokerage managers, 30 managing general agent relationships, corporate-owned life insurance sales force, access to 30,000+ independent agents, and $42B life insurance in force. No employee headcount disclosed.
1998-12-31restructuringcompleted1998-12-311998-12-31United StatesCorporate / Other OperationsUSD 22 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Organizational/expense review completed in Q4 1998. Pre-tax charge of $22.0 million for severance pay and space abandonment charges due to staff reductions in the parent and other select companies. Expected annual expense reduction of $15-$20 million. Holding company staff to reduce from 210 to approx. 65.
1998-12-31restructuringcompleted1998-03-311998-03-31United StatesLife Insurance and AnnuitiesUSD 31 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Charge recorded in Q1 1998 related to integration of CIGNA block of business. Pre-tax charge of $31.0 million ($20.0 million after-tax) covered costs of integrating existing operations with new block.
1998-09-30restructuringannounced1998-12-31Company-wide organizational/expense reviewMD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Organizational and expense review initiated due to competitive pressures; expected to conclude in Q4 1998 and result in a one-time earnings charge. Charge amount and ongoing 1999 expense/staff reductions not yet determined.
1998-09-30restructuringannounced1998-09-301998-12-31Enterprise-wideMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Organizational/expense review initiated in response to competitive pressures; expected to be completed in Q4 1998 with a one-time charge to earnings. Charge amount, staff reductions, and ongoing expense savings not yet determined.
1998-09-30restructuringannounced1998-09-301998-12-31MD&A
f5-10q / Qwen3.6-27B-Q8_0
Organizational/expense review initiated; expected to result in one-time charge to earnings and reductions in staff counts. Specific actions and charge amounts not yet determined.
1997-12-31divestiture_reductioncompleted1997-06-091997-10-01United StatesProperty-Casualty (American States Financial Corporation)discontinued_operations_footnote
f5-10k / GLM-5.3-flash-HTML
83.3% stake in American States Financial Corporation sold for $2.65 billion; transaction closed October 1, 1997 with a $776.9 million after-tax gain recorded in discontinued operations. The Property-Casualty segment was exited and its workforce left the consolidated group, but the employee headcount impact is not disclosed.
1997-12-31acquisition_additioncompleted1998-01-02United StatesLife Insurance and AnnuitiesUSD 20 (millions)subsequent_events
f5-10k / GLM-5.3-flash-HTML
Block of individual life insurance and annuity business purchased from CIGNA for approximately $1.4 billion (plus $228.5 million of additional expenditures); completed January 2, 1998, adding a career agency system of 600 producers. Employee headcount added is not quantified, though the Life Insurance and Annuities segment count includes acquired-block employees. A first-quarter 1998 integration charge of approximately $20 million after-tax (about $31 million pre-tax) was expected.
1997-12-31acquisition_additioncompleted6001998-01-021998-01-02United StatesLife Insurance and AnnuitiesUSD 20 (millions)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of individual life and annuity block from CIGNA completed January 2, 1998 (after fiscal year-end). Added approximately 600 career agents and 30 agencies. Expected integration charge of approximately $20 million after-tax ($31 million pre-tax) in Q1 1998. Also added $41 billion of individual life insurance in-force.
1997-12-31divestiture_reductioncompleted1997-06-091997-10-01United StatesProperty-Casualty (discontinued operations)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of 83.3% ownership in American States Financial Corporation for $2.65 billion, completed October 1, 1997. Headcount associated with the divested operation was not disclosed.
1997-06-30acquisition_additioncompleted1997-04-301997-04-30Investment ManagementUSD 74 (millions)business_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquisition of Voyageur Fund Managers, Inc. completed April 30, 1997 for $73.8 million. Employee count not disclosed.
1997-06-30divestiture_reductionannounced1997-06-09Discontinued Operationssubsequent_events
f5-10q / Qwen3.6-27B-Q8_0
Agreement to sell 83.3% ownership in American States Financial Corporation announced June 9, 1997. Employee count not disclosed.
1996-12-31restructuringin_progress1995-101998United StatesProperty-Casualty (American States Financial Corporation)USD 21 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
American States field-structure realignment approved by LNC in October 1995: consolidation of 20 divisional offices into four regional offices, with certain locations retained as service offices and non-regional owned buildings to be sold. Program was in progress throughout fiscal 1996 with completion targeted by 1998. Estimated program charges: $21.0 million pre-tax realignment costs (primarily severance compensation) plus a $28.4 million pre-tax loss on sale of office buildings ($13.7 million and $18.5 million after-tax, respectively); a $32.2 million net income charge was taken in Q4 1995 and 1996 charges did not differ materially from these estimates. Realignment generated roughly $9 million of after-tax expense savings in 1996 versus 1995. Number of employees affected is not quantified in the filing.
1996-12-31acquisition_additionannounced1997-01United States (Minneapolis-based target)Investment Management (Lincoln National Investments, Inc.)subsequent_events
f5-10k / GLM-5.3-flash-HTML
LNC signed a definitive agreement in January 1997 to acquire Voyageur Fund Managers, Inc., with consideration of approximately $70 million in LNC common stock; closing expected in the second quarter of 1997 and to be accounted for under purchase accounting. The filing does not disclose the number of employees to be added.
1996-12-31restructuringin_progress1995-10-011998-12-31United StatesProperty-CasualtyUSD 21 (millions)Item_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Pre-tax cost of realignment estimated at $21M including severance; $21.0M of expenses primarily severance recorded in 1995; realignment produced nearly $9M in 1996 after-tax expense savings; target of ~$30M annual after-tax savings by 1998. Employee count not disclosed.
1996-12-31acquisition_additioncompleted1996-10-011996-10-31United StatesLife Insurance and Annuitiesbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Added $2.7 billion to annuity account values; assets and policy liabilities increased $3.2 billion. Employee headcount added not disclosed.
1996-12-31divestiture_reductioncompleted1996-05-011996-05-31United StatesProperty-Casualtybusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
LNC retains 83% ownership; net proceeds $215.2M. This was a minority stake sale, not a full divestiture; employee headcount impact not disclosed.
1996-12-31restructuringcompleted1995-101998-12-31United StatesProperty-CasualtyUSD 21 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
American States adopted a realignment plan in October 1995 to consolidate 20 divisional offices into four regional offices. 1995 results included $21.0 million of expenses, primarily severance compensation. 1996 expense savings were nearly $9 million after-tax. No specific employee count for the reduction was disclosed.
1996-09-30restructuringin_progressUnited StatesProperty-CasualtyMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Property-Casualty segment consolidated 20 divisional offices into four regional offices with continued staff-level adjustments; no employee count or charge disclosed.
1996-06-30restructuringin_progressUnited StatesProperty-CasualtyMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Property-Casualty segment consolidating 20 divisional offices into four regional offices with continued staff-level adjustments; no employee count or charge disclosed.
1996-03-31restructuringin_progressUnited StatesProperty-CasualtyMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Property-Casualty segment consolidated 20 divisional offices into four regional offices with continued staff-level adjustments; no employee counts, dates, or charges disclosed.
1995-12-31restructuringin_progress1995-11-01United StatesProperty-CasualtyUSD 21 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Pre-tax realignment cost of $21.1M plus $28.3M expected loss on sale of office buildings; after-tax total $32.1M. Consolidating 20 divisional offices into 4 regional offices. No employee count disclosed. MD&A separately cites $21.0M of expenses primarily for severance compensation.
1995-12-31acquisition_additioncompleted1995-04-03United StatesInvestment Managementbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Purchase price $305M; no headcount disclosed. Segment had approximately 910 employees at year-end.
1995-12-31acquisition_additioncompleted1995-04-30United KingdomLife Insurance and Annuitiesbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Combined purchase price $274.5M including $44M assumed debt. No headcount disclosed. MD&A notes merged companies budgeted $120M operating expenses for 1996 vs $210M for three separate companies in 1995, implying workforce reduction but no count given.
1995-12-31divestiture_reductioncompleted1995-10-31United StatesOther Operationsdiscontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Cash received $186.9M; pre-tax gain $89.7M ($58.3M after-tax). No headcount disclosed for the divested entity.
1995-12-31restructuringcompleted1995-11United StatesProperty-CasualtyUSD 14 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
American States announced realignment of field structure, consolidating 20 division offices into four regional offices. One-time special charge of $13.7 million after-tax related to realignment, primarily severance compensation. Employee count not explicitly disclosed for this action.
1995-09-30acquisition_additioncompleted1995-04-03United StatesInvestment Managementbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Delaware Management Holdings completed 1995-04-03; results consolidated from that date. No employee headcount added disclosed.
1995-09-30acquisition_additioncompleted1995-04-25United KingdomLife Insurance and Annuitiesbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Laurentian Financial Group plc completed 1995-04-25; results consolidated from that date. No employee headcount added disclosed.