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| | | | Exhibit 21 |
| Subsidiaries of Lincoln National Corporation |
| As of December 31, 2023 |
| | Organized Under Law of: | | Ownership |
| Lincoln National Corporation | Indiana | | 100 | % |
| First Penn-Pacific Life Insurance Company | Indiana | | 100 | % |
| Jefferson-Pilot Investments, Inc. | North Carolina | | 100 | % |
| Lincoln Financial Insurance Agency Incorporated | New Hampshire | | 100 | % |
| Lincoln Financial Limited Liability Company I | Delaware | | 100 | % |
| Lincoln Financial Reinsurance Company of Vermont | Vermont | | 100 | % |
| Lincoln Financial Securities Corporation | New Hampshire | | 100 | % |
| Lincoln Insurance Services Limited | England | | 100 | % |
| Lincoln SBP Trustee Limited | England | | 100 | % |
| Lincoln Investment Management Company | Delaware | | 100 | % |
| Lincoln National Management Corporation | Pennsylvania | | 100 | % |
| Lincoln National Reinsurance Company (Barbados) Limited | Barbados | | 100 | % |
| The Lincoln National Life Insurance Company | Indiana | | 100 | % |
| California Fringe Benefit and Insurance Marketing Corporation | California | | 100 | % |
| LFA, Limited Liability Company | Indiana | | 100 | % |
| LFD Insurance Agency, Limited Liability Company | Delaware | | 100 | % |
| Lincoln Assignment Corporation | Delaware | | 100 | % |
| Lincoln Financial Advisors Corporation | Indiana | | 100 | % |
| LFA Management Corporation | Pennsylvania | | 100 | % |
| Lincoln Financial Distributors, Inc. | Connecticut | | 100 | % |
| Lincoln Financial Investments Corporation | Tennessee | | 100 | % |
| Lincoln Investment Solutions, Inc. | Delaware | | 100 | % |
| Lincoln Life & Annuity Company of New York | New York | | 100 | % |
| Lincoln Reinsurance Company of South Carolina | South Carolina | | 100 | % |
| Lincoln Reinsurance Company of Vermont I | Vermont | | 100 | % |
| Lincoln Reinsurance Company of Vermont III | Vermont | | 100 | % |
| Lincoln Reinsurance Company of Vermont IV | Vermont | | 100 | % |
| Lincoln Reinsurance Company of Vermont V | Vermont | | 100 | % |
| Lincoln Reinsurance Company of Vermont VI | Vermont | | 100 | % |
| Lincoln Reinsurance Company of Vermont VII | Vermont | | 100 | % |
| Lincoln Retirement Services Company, LLC | Indiana | | 100 | % |
| Lincoln Financial Group Trust Company, Inc. | New Hampshire | | 100 | % |
| Westfield Assigned Benefits Company | Ohio | | 100 | % |
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| Those subsidiaries not listed would not, in the aggregate, constitute a “significant subsidiary” of Lincoln National Corporation, as that term is defined in Rule 1-02(w) of Regulation S-X. | |