SCHEDULE V - CONSOLIDATED VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Dec. 31, 2012

Schedule To Financial Statements [Abstract]

Valuation and Qualifying Accounts

LINCOLN NATIONAL CORPORATION

SCHEDULE V – CONSOLIDATED VALUATION AND QUALIFYING ACCOUNTS

(in millions)

Column A			Column B			Column CAdditions						Column D		Column E
									Charged
			Balance at		Charged to				to Other					Balance
		Beginning-				Costs		Accounts -			Deductions -			at End-
Description			of-Year		Expenses (1)				Describe		Describe (2)			of-Year
			For the Year Ended December 31, 2012
Deducted from asset accounts:
	Reserve for mortgage loans on real estate		$	31		$	14		$	-		$	(24)	$	21
			For the Year Ended December 31, 2011
Deducted from asset accounts:
	Reserve for mortgage loans on real estate		$	13		$	24		$	-		$	(6)	$	31
			For the Year Ended December 31, 2010
Deducted from asset accounts:
	Reserve for mortgage loans on real estate		$	22		$	18		$	-		$	(27)	$	13

• Excludes charges for the direct write-off assets.
• Deductions reflect sales, foreclosures of the underlying holdings or change in reserves.