Exhibit 21
Subsidiaries of Lincoln National Corporation
As of December 31, 2008
As of December 31, 2008
Organized | ||||||||
Under Law of: | Ownership | |||||||
Lincoln National Corporation | Indiana | |||||||
First Penn-Pacific Life Insurance Company | Indiana | 100 | % | |||||
Hampshire Funding, Inc. | New Hampshire | 100 | % | |||||
International Home Furnishing Center, Inc. | North Carolina | 29.07 | % | |||||
Jefferson Pilot Variable Corporation | North Carolina | 100 | % | |||||
Jefferson-Pilot Investments, Inc. | North Carolina | 100 | % | |||||
Hampshire Syndications, Inc. | New Hampshire | 100 | % | |||||
Lincoln Financial Media Company | North Carolina | 100 | % | |||||
Lincoln Financial Media Company of California | North Carolina | 100 | % | |||||
Lincoln Financial Media Company of Colorado | North Carolina | 100 | % | |||||
Lincoln Financial Media Company of Florida | North Carolina | 100 | % | |||||
Lincoln Financial Media Company of Georgia | North Carolina | 100 | % | |||||
Lincoln Financial Securities Corporation | New Hampshire | 100 | % | |||||
Allied Professional Advisors, Inc. | New Hampshire | 100 | % | |||||
JPSC Insurance Services, Inc. | New Hampshire | 100 | % | |||||
Lincoln Investment Advisors Corporation | Tennessee | 100 | % | |||||
Lincoln Life Improved Housing Inc. | Indiana | 100 | % | |||||
Lincoln National (UK) PLC | England | 99.99 | %1 | |||||
City Financial Partners Limited | England | 100 | % | |||||
Consumers Financial Education Company Limited | England | 100 | % | |||||
Financial Alliances Limited | England | 100 | % | |||||
LN Management Limited | England | 100 | % | |||||
LN Securities Limited | England | 100 | % | |||||
Laurtrust Limited | England | 100 | % | |||||
Lincoln Assurance Limited | England | 100 | %2 | |||||
Barnwood Property Group Limited | England | 100 | % | |||||
Barnwood Properties Limited | England | 100 | % | |||||
IMPCO Properties G.B. Ltd. | England | 100 | % | |||||
Lincoln Financial Advisers Limited | England | 100 | % | |||||
Lincoln Financial Group PLC | England | 100 | % | |||||
Lincoln Milldon Limited | England | 100 | % | |||||
Lincoln Independent (Jersey) Limited | Jersey | 100 | % | |||||
Lincoln Independent Limited | England | 100 | % | |||||
Lincoln Insurance Services Limited | England | 100 | % | |||||
Chapel Ash Financial Services Ltd. | England | 100 | % |
Organized | ||||||||
Under Law of: | Ownership | |||||||
Lincoln Investment Management Limited | England | 100 | % | |||||
Lincoln SBP Trustee Limited | England | 100 | % | |||||
Lincoln Unit Trust Managers Limited | England | 100 | % | |||||
Lincoln National Investments, Inc. | Indiana | 100 | % | |||||
Lincoln National Investment Companies, Inc. | Indiana | 100 | % | |||||
Delaware Management Holdings, Inc. | Delaware | 100 | % | |||||
DMH Corp. | Delaware | 100 | % | |||||
Delaware Investments U.S., Inc. | Delaware | 100 | % | |||||
Delaware Distributors, Inc. | Delaware | 100 | % | |||||
Delaware General Management, Inc. | Delaware | 100 | % | |||||
Delaware Management Company, Inc. | Delaware | 100 | % | |||||
Delaware Management Business Trust | Delaware | 100 | % | |||||
Delaware Distributors, L.P. | Delaware | 3 | ||||||
Delaware Management Trust Company | Pennsylvania | 100 | % | |||||
Delaware Service Company, Inc. | Delaware | 100 | % | |||||
Retirement Financial Services, Inc. | Delaware | 100 | % | |||||
Lincoln National Management Corporation | Pennsylvania | 100 | % | |||||
Lincoln National Realty Corporation | Indiana | 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 | % | |||||
Jefferson Standard Life Insurance Company | North Carolina | 100 | % | |||||
LFA, Limited Liability Company | Indiana | 100 | % | |||||
LFD Insurance Agency, Limited Liability Company | Delaware | 100 | % | |||||
LNC Administrative Services Corporation | Indiana | 100 | % | |||||
Lincoln Financial Advisors Corporation | Indiana | 100 | % | |||||
LFA Management Corporation | Pennsylvania | 100 | % | |||||
Lincoln Financial Distributors, Inc. | Connecticut | 100 | % | |||||
Lincoln Financial Holdings, LLC | Delaware | 100 | % | |||||
LFG South Carolina Reinsurance Company | South Carolina | 100 | % | |||||
Lincoln Financial and Insurance Services Corporation | California | 100 | % | |||||
Lincoln Investment Solutions, Inc. | Delaware | 100 | % | |||||
Lincoln Life & Annuity Company of New York | New York | 100 | % | |||||
Lincoln National Financial Holdings, LLC | Delaware | 100 | % | |||||
Lincoln Reinsurance Company of South Carolina | South Carolina | 100 | % | |||||
Lincoln Realty Capital Corporation | Indiana | 100 | % | |||||
Lincoln Reinsurance Company of South Carolina | South Carolina | 100 | % | |||||
Lincoln Reinsurance Company of South Carolina II | South Carolina | 100 | % | |||||
Lincoln Retirement Services Company, LLC | Indiana | 100 | % | |||||
Lincoln Variable Insurance Products Trust | Delaware | 100 | % | |||||
Westfield Assigned Benefits Company | Ohio | 100 | % | |||||
Tomco2 Equipment Company | Georgia | 26.16 | % |
1 | Remainder owned by The Lincoln National Life Insurance Company | |
2 | Except for director-qualifying shares | |
3 | 98% Delaware Investment Advisers (LP); 1% Delaware Capital Management (LP); 1% Delaware Distributors, Inc.(GP) |