Exhibit 21
Subsidiaries of Lincoln National Corporation
As of December 31, 2011
Organized Under Law of: | Ownership | ||||||||
Lincoln National Corporation | Indiana | ||||||||
First Penn-Pacific Life Insurance Company | Indiana | 100 | % | ||||||
Hampshire Funding, Inc. | New Hampshire | 100 | % | ||||||
Lincoln Financial Investment Services Corporation | North Carolina | 100 | % | ||||||
Jefferson-Pilot Investments, Inc. | North Carolina | 100 | % | ||||||
Lincoln Financial Securities Corporation | New Hampshire | 100 | % | ||||||
Lincoln Insurance Services Limited | England | 100 | % | ||||||
Lincoln Investment Management Company | Delaware | 100 | % | ||||||
Lincoln National Management Corporation | Pennsylvania | 100 | % | ||||||
Lincoln National Reinsurance Company (Barbados) Limited | Barbados | 100 | % | ||||||
Lincoln Reinsurance Company of Bermuda, Limited | Bermuda | 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 Financial Advisors Corporation | Indiana | 100 | % | ||||||
Lincoln Financial Distributors, Inc. | Connecticut | 100 | % | ||||||
Lincoln Financial Holdings, LLC II | Delaware | 100 | % | ||||||
Lincoln Financial Media Company | North Carolina | 100 | % | ||||||
Lincoln Investment Advisors Corporation | Tennessee | 100 | % | ||||||
Lincoln Investment Solutions, Inc. | Delaware | 100 | % | ||||||
Lincoln Life & Annuity Company of New York | New York | 100 | % | ||||||
Lincoln National Financial Holdings, LLC II | Delaware | 100 | % | ||||||
Lincoln Reinsurance Company of South Carolina | South Carolina | 100 | % | ||||||
Lincoln Retirement Services Company, LLC | Indiana | 100 | % | ||||||
Lincoln Financial Group Trust Company, LLC | New Hampshire | 100 | % | ||||||
Lincoln Variable Insurance Products Trust | Delaware | 100 | % | ||||||
Westfield Assigned Benefits Company | Ohio | 100 | % | ||||||
Tomco2 Equipment Company | Georgia | 29 | % |
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.