<ARTICLE> 7 <CIK> 0000059558 <NAME> Lincoln National Corporation <MULTIPLIER> 1 <PERIOD-TYPE> Year <FISCAL-YEAR-END> Dec-31-1994 <PERIOD-START> Jan-01-1994 <PERIOD-END> Dec-31-1994 <DEBT-HELD-FOR-SALE> 21,644,154,000 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 1,038,617,000 <MORTGAGE> 2,853,083,000 <REAL-ESTATE> 706,854,000 <TOTAL-INVEST> 26,971,101,000 <CASH> 1,041,583,000 <RECOVER-REINSURE> 2,207,727,000 <DEFERRED-ACQUISITION> 2,444,215,000 <TOTAL-ASSETS> 49,330,060,000 <POLICY-LOSSES> 11,216,312,000 <UNEARNED-PREMIUMS> 806,987,000 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 17,025,623,000 <NOTES-PAYABLE> 694,917,000 <COMMON> 555,382,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 311,333,000 <OTHER-SE> 2,175,345,000 <TOTAL-LIABILITY-AND-EQUITY> 49,330,060,000 <PREMIUMS> 4,893,791,000 <INVESTMENT-INCOME> 2,011,351,000 <INVESTMENT-GAINS> (130,820,000) <OTHER-INCOME> 161,186,000 <BENEFITS> 4,849,243,000 <UNDERWRITING-AMORTIZATION> 598,337,000 <UNDERWRITING-OTHER> 1,110,969,000 <INCOME-PRETAX> 376,281,000 <INCOME-TAX> 26,383,000 <INCOME-CONTINUING> 349,898,000 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 349,898,000 <EPS-PRIMARY> 3.37 <EPS-DILUTED> 3.37 <RESERVE-OPEN> 2,584,600,000 <PROVISION-CURRENT> 1,340,600,000 <PROVISION-PRIOR> (78,200,000) <PAYMENTS-CURRENT> 619,400,000 <PAYMENTS-PRIOR> 728,200,000 <RESERVE-CLOSE> 2,499,400,000 <CUMULATIVE-DEFICIENCY> 79,000,000