EX-23 5 0005.txt LINCOLN NATIONAL CORPORATION EXHIBIT 23 - CONSENT OF ERNST & YOUNG LLP, INDEPENDENT AUDITORS CONSENT OF ERNST & YOUNG LLP, INDEPENDENT AUDITORS We consent to the incorporation by reference in this Annual Report (Form 10-K) of Lincoln National Corporation and in the registration statements on Forms S-3 and S-8 (nos. 33-51415, 33-51721, 33-58113, 33-52667, 33-04711, 33-13445, 33-62315, 333-04113, 333-32667 and 333-49201) of Lincoln National Corporation and in the related prospectuses of our report dated February 2, 2001, included in the 2000 annual report to shareholders of Lincoln National Corporation. Our audits also included the financial statement schedules of Lincoln National Corporation listed in Item 14(a). These schedules are the responsibility of the Company's management. Our responsibility is to express an opinion based on our audits. In our opinion, the financial statement schedules referred to above, when considered in relation to the basic financial statements taken as a whole, present fairly in all material respects the information set forth herein. /s/ ERNST & YOUNG LLP Philadelphia, Pennsylvania March 5, 2001