SCHEDULE III - CONSOLIDATED SUPPLEMENTARY INSURANCE INFORMATION

12 Months Ended

Dec. 31, 2012

Schedule To Financial Statements [Abstract]

LINCOLN NATIONAL CORPORATION

SCHEDULE III – CONSOLIDATED SUPPLEMENTARY INSURANCE INFORMATION

(in millions)

Column A		Column B		Column C			Column D		Column E		Column F
									Other
				Future					Contract
		DAC and		Contract			Unearned		Holder		Insurance
Segment		VOBA		Benefits		Premiums⁽¹⁾			Funds		Premiums

		As of or For the Year Ended December 31, 2012
Annuities		$	2,092	$	2,339		$	-	$	21,108	$	98
Retirement Plan Services			102		3			-		14,712		-
Life Insurance			4,281		9,177			-		35,365		441
Group Protection			192		1,882			-		223		1,919
Other Operations			-		6,379			-		810		4
	Total	$	6,667	$	19,780		$	-	$	72,218	$	2,462

		As of or For the Year Ended December 31, 2011
Annuities		$	1,912	$	3,642		$	-	$	20,701	$	74
Retirement Plan Services			183		7			-		13,624		-
Life Insurance			4,516		7,984			-		34,066		441
Group Protection			165		1,742			-		236		1,778
Other Operations			-		6,438			-		839		1
	Total	$	6,776	$	19,813		$	-	$	69,466	$	2,294

		As of or For the Year Ended December 31, 2010
Annuities		$	1,882	$	1,707		$	-	$	20,135	$	53
Retirement Plan Services			195		2			-		12,773		-
Life Insurance			5,186		7,606			-		32,396		439
Group Protection			151		1,620			-		256		1,682
Other Operations			-		6,592			-		847		2
	Total	$	7,414	$	17,527		$	-	$	66,407	$	2,176

Unearned premiums are included in Column E, other contract holder funds.

FS-6

LINCOLN NATIONAL CORPORATION

SCHEDULE III – CONSOLIDATED SUPPLEMENTARY INSURANCE INFORMATION (Continued)

(in millions)

Column A			Column G		Column H			Column I			Column J		Column K
					Benefits		Amortization
			Net		and			of DAC			Other
		Investment			Interest			and			Operating		Premiums
Segment			Income		Credited			VOBA		Expenses⁽²⁾			Written

			As of or For the Year Ended December 31, 2012
Annuities			$	1,082	$	868		$	325		$	1,018	$	-
Retirement Plan Services				799		451			42			363		-
Life Insurance				2,396		2,982			614			619		-
Group Protection				162		1,447			48			485		-
Other Operations				259		260			-			432		-
	Total		$	4,698	$	6,008		$	1,029		$	2,917	$	-

			As of or For the Year Ended December 31, 2011
Annuities			$	1,106	$	933		$	351		$	933	$	-
Retirement Plan Services				792		439			33			319		-
Life Insurance				2,294		2,904			423			578		-
Group Protection				152		1,317			39			433		-
Other Operations				308		240			-			453		-
	Total		$	4,652	$	5,833		$	846		$	2,716	$	-

			As of or For the Year Ended December 31, 2010
Annuities			$	1,119	$	884		$	360		$	828	$	-
Retirement Plan Services				769		440			54			283		-
Life Insurance				2,186		2,933			451			531		-
Group Protection				141		1,299			40			388		-
Other Operations				326		259			-			526		-
	Total		$	4,541	$	5,815		$	905		$	2,556	$	-

Excludes impairment of intangibles of $747 million for the year ended December 31, 2011. The allocation of expenses between investments and other operations is based on a number of assumptions and estimates. Results would change if different methods were applied.

FS-7

- Definition

The entire disclosure for required supplementary insurance information giving segment detail in support of various balance sheet and income statement captions. The balance sheet information generally is presented as of the date of each audited balance sheet filed, and the income statement information generally is presented for each period for which an audited income statement is required to be filed. Supplementary insurance information table includes segment name; deferred policy acquisition costs; future policy benefits, losses, claims and loss expenses; unearned premiums; other policy claims and benefits payable; premium revenue; net investment income; benefits, claims, losses and settlement expenses; amortization of deferred policy acquisition costs; other operating expenses; and premiums written.

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