EXHIBIT 21 LIST OF SUBSIDIARIES OF LNC
EXHIBIT A
ORGANIZATIONAL CHART OF THE
LINCOLN NATIONAL INSURANCE HOLDING COMPANY SYSTEM
All the members of the holding company system are corporations with the
exception of Delaware Distributors, L.P. and Founders CBO, L.P.
Lincoln National Corporation
Indiana -- Holding Company
Lincoln National Management Corporation
100% - Pennsylvania -- Management Company
Lincoln National Financial Institutions Group, Inc.
(fka The Richard Leahy Corporation)
100% - Indiana -- Insurance Agency
Financial Choices, Inc.
100% - Pennsylvania -- Insurance Agency
Investment Alternatives, Inc.
100% - Pennsylvania -- Insurance Agency
Personal Financial Resources, Inc.
100% - Arizona -- Insurance Agency
Personal Investment Services, Inc.
100% - Pennsylvania - Insurance Agency
LincAm Properties, Inc.
50% - Delaware -- Real Estate Investment
Lincoln Life Improved Housing, Inc.
100% - Indiana
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Lincoln National Corporation
Indiana -- Holding Company
Lincoln National Investments, Inc.
(fka Lincoln National Investment Companies, Inc.)
100% - Indiana -- Holding Company
Lincoln National Investment Companies, Inc.
(fka Lincoln National Investments, Inc.)
100% - Indiana -- Holding Company
Delaware Management Holdings, Inc.
100% - Delaware -- Holding Company
DMH Corp.
100% - Delaware -- Holding Company
DIAL Holding Company, Inc.
100% - Delaware -- Holding Company
Delaware International Advisers Ltd.
81.1% - England -- Investment Advisor
Delaware International Holdings, Ltd.
100% - Bermuda -- Mktg. & Admin. Services
Delaware International Advisers, Ltd.
18.9% - England -- Investment Advisor
Delaware Investments U.S., Inc.
100% - Delaware -- Holding Company
Delaware Capital Management Company, Inc.
(formerly Delaware Investment Counselors, Inc.)
100% - Delaware -- Investment Advisor
Delaware Distributors, L.P.
98% - Delaware -- Mutual Fund Distributor & Broker/Dealer
1% Equity -- Delaware Capital Management, Inc.
1% Equity -- Delaware Distributors, Inc.
Delaware Distributors, Inc.
100% - Delaware -- General Partner
Delaware Distributors, L.P.
98% - Delaware -- Mutual Fund Distributor & Broker/Dealer
1% Equity -- Delaware Capital Management, Inc.
1% Equity -- Delaware Distributors, Inc.
Delaware General Management, Inc.
100% - Delaware -- General Partner
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Lincoln National Corporation
Indiana -- Holding Company
Lincoln National Investments, Inc.
(fka Lincoln National Investment Companies, Inc.)
100% - Indiana -- Holding Company
Lincoln National Investment Companies, Inc.
(fka Lincoln National Investments, Inc.)
100% - Indiana -- Holding Company
Delaware Management Holdings, Inc.
100% - Delaware -- Holding Company
DMH Corp.
100% - Delaware -- Holding Company
Delaware Investments U.S., Inc.
100% - Delaware -- Holding Company
Delaware Management Company, Inc.
100% - Delaware -- Holding Company
Delaware Management Business Trust
100% - Delaware -- Investment Advisor
Consists of the following series: Delaware
Management Company; Delaware Investment
Advisers; Delaware Lincoln Investment Advisers;
Vantage Investment Advisers; and Delaware
Lincoln Cash Management
Delaware Distributors, L.P.
98% - Delaware -- Mutual Fund Distributor & Broker/Dealer
1% Equity -- Delaware Capital Management, Inc.
1% Equity -- Delaware Distributors, Inc.
Founders Holding, Inc.
100% - Delaware -- General Partner
Delaware Management Trust Company
100% - Pennsylvania -- Trust Service
Delaware Service Company, Inc.
100% - Delaware -- Shareholder Services & Transfer Agent
Retirement Financial Services, Inc.
(formerly Delaware Investment & Retirement Services, Inc.)
100% - Delaware -- Registered Transfer Agent & Investment Advisor
LNC Administrative Services Corporation
100% - Indiana -- Third Party Administrator
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Lincoln National Corporation
Indiana -- Holding Company
The Lincoln National Life Insurance Company
100% - Indiana
The Administrative Management Group, Inc.
100% - Illinois Corporation
AMG Service Corp.
100% - Illinois -- Transfer Agent
AnnuityNet, Inc.
19.8% Indiana -- (additional 4.2% ownership by LNC for a
combined ownership of 24.0%) Distribution of annuity products
AnnuityNet Insurance Agency, Inc.
100% - Indiana -- Insurance Agency
AnnuityNet Insurance Agency of Massachusetts, Inc.
100% - Massachusetts -- Insurance Agency
AnnuityNet of Alabama, Inc.
100% - Alabama -- Insurance Agency
AnnuityNet of New Mexico, Inc.
100% - New Mexico -- Insurance Agency
LFA, Limited Liability Company
99% - Indiana -- Limited Liability Company (Remaining
1% owned by First Penn-Pacific Life Insurance Company)
LFA of Delaware, Limited Liability Company
99% - Delaware -- Limited Liability Company (Remaining
1% owned by First Penn-Pacific Life Insurance Company)
Lincoln National Insurance Associates, Inc.
(formerly CIGNA Associates, Inc.)
100% - Connecticut -- Insurance Agency
Lincoln National Insurance Associates of Alabama, Inc.
100% - Alabama -- Insurance Agency
Lincoln National Insurance Associates of Massachusetts, Inc.
(formerly CIGNA Associates of Massachusetts, Inc.)
100% - Massachusetts -- Insurance Agency
Lincoln National Insurance Associates of Ohio, Inc.
(formerly CIGNA Associates of Ohio Agency, Inc.)
100% - Ohio -- Insurance Agency
Lincoln National Insurance Associates of Hawaii, Inc.
100% - Hawaii -- Insurance Agency
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Lincoln National Corporation
Indiana -- Holding Company
The Lincoln National Life Insurance Company
100% - Indiana
Lincoln Financial Distributors, Inc.
(formerly Sagemark Consulting, Inc. and
CIGNA Financial Advisors, Inc.)
100% - Connecticut -- Broker Dealer
LFD Insurance Agency, Limited Liability Company
99% - Delaware -- Limited Liability Company (Remaining
1% owned by First Penn-Pacific Life Insurance Company)
First Penn-Pacific Life Insurance Company
100% - Indiana
First Penn-Pacific Securities, Inc.
100% - Illinois -- Broker Dealer and Insurance Agency
Lincoln Life & Annuity Company of New York
100% - New York
LLAD
Corporate agencies: (see Attachment #1)
Lincoln Financial Advisors Corporation
(formerly LNC Equity Sales Corporation)
100% - Indiana -- Broker-Dealer
Lincoln Financial Group, Inc.
100% - Alabama -- Insurance Agency
Lincoln Financial and Insurance Services Corporation
100% - California -- Insurance Agency
California Fringe Benefit and Insurance Marketing Corporation
100% - California -- Insurance Agency
Lincoln Financial Services and Insurance Brokerage of
New England, Inc.
100% - Massachusetts -- Insurance Agency
Lincoln National Aggressive Growth Fund, Inc.
100% - Maryland -- Mutual Fund
Lincoln National Bond Fund, Inc.
100% - Maryland -- Mutual Fund
Lincoln National Capital Appreciation Fund, Inc.
100% - Maryland -- Mutual Fund
Lincoln National Equity-Income Fund, Inc.
100% - Maryland -- Mutual Fund
Lincoln National Global Asset Allocation Fund, Inc.
(formerly Lincoln National Putnam Master Fund, Inc.)
100% - Maryland -- Mutual Fund
Lincoln National Growth and Income Fund, Inc.
(formerly Lincoln National Growth Fund, Inc.)
100% - Maryland -- Mutual Fund
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Lincoln National Corporation
Indiana -- Holding Company
The Lincoln National Life Insurance Company
100% - Indiana
Lincoln National International Fund, Inc.
100% - Maryland -- Mutual Fund
Lincoln National Managed Fund, Inc.
100% - Maryland -- Mutual Fund
Lincoln National Money Market Fund, Inc.
100% - Maryland -- Mutual Fund
Lincoln National Social Awareness Fund, Inc.
100% - Maryland -- Mutual Fund
Lincoln National Special Opportunities Fund, Inc.
100% - Maryland -- Mutual Fund
Lincoln Realty Capital Corporation
100% - Indiana -- General Business Corporation
Lincoln Retirement Services Company, LLC
100% - Indiana -- Limited Liability Company
Select Capital, LLC
100% - Indiana -- Limited Liability Company
Pegasus Capital, LLC
99% - Indiana -- Limited Liability Company
(Remaining 1% owned by Lincoln Realty Capital Corporation)
Wakefield Tower Alpha Limited
100% - Cayman Islands
Lincoln National Realty Corporation
100% - Indiana -- Real Estate
Lincoln National Reinsurance Company (Barbados) Limited
100% - Barbados
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Lincoln National Corporation
Indiana -- Holding Company
Lincoln National (UK) PLC
99.99% - England/Wales -- Holding Company
(Remainder owned by The Lincoln National Life Insurance Co.)
City Financial Partners Limited
100% - England/Wales -- Distribution of
Life Assurance & Pension Products
Liberty Press Limited
(formerly ILI Supplies Limited)
100% - England/Wales -- Computer Leasing
Lincoln Financial Advisers Limited
(formerly Laurentian Financial Advisers Ltd.)
100% - England/Wales -- Sales Company
Lincoln Administration Services Limited
100% - England/Wales -- Administrative Services (Inactive)
Financial Alliances Limited
(formerly Lincoln ISA Management Limited;
Lincoln Unit Trust Management Limited;
Laurentian Unit Trust Management Limited)
100% - England/Wales -- Unit Trust Management
Lincoln Executive Club Trustee Limited
100% - England/Wales (Dormant)
Consumers Financial Education Company Limited
100% - England/Wales (Dormant)
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Lincoln National Corporation
Indiana -- Holding Company
Lincoln National (UK) PLC
99.99% - England/Wales -- Holding Company
(Remainder owned by The Lincoln National Life
Insurance Co.)
Lincoln Financial Group PLC
(formerly Laurentian Financial Group PLC)
100% - England/Wales -- Holding Company
Lincoln Milldon Limited
(formerly Laurentian Milldon Limited)
100% - England/Wales -- Sales Company
Lincoln Management Services Limited
(formerly Laurentian Management Services Limited)
100% - England/Wales -- Management Services
Laurit Limited
100% - England/Wales -- Data Processing Systems
Laurtrust Limited
100% - England/Wales -- Pension Scheme Trustee (Inactive)
LN Management Limited
100% - England/Wales -- Administrative Services (Dormant)
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Lincoln National Corporation
Indiana -- Holding Company
Lincoln National (UK) PLC
99.99% - England/Wales -- Holding Company
(Remainder owned by The Lincoln National Life
Insurance Co.)
Lincoln General Insurance Co. Ltd.
100% - Accident & Health Insurance
Lincoln Assurance Limited
100% ** - England/Wales -- Life Assurance
Barnwood Property Group Limited
100% - England/Wales -- Property Management Co.
Barnwood Properties Limited
100% - England/Wales -- Property Investment
IMPCO Properties G.B. Ltd.
100% - England/Wales -- Property Investment (Inactive)
Lincoln Insurance Services Limited
100% - Holding Company
Chapel Ash Financial Services Ltd.
100% - Direct Insurance Sales
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..
Lincoln National Corporation
Indiana -- Holding Company
Lincoln National (UK) PLC
99.99% - England/Wales -- Holding Company
(Remainder owned by The Lincoln National Life
Insurance Co.)
Lincoln Unit Trust Managers Limited
100% - England/Wales -- Investment Management
LIV Limited (formerly Lincoln Investment Management Ltd.)
100% - England/Wales -- Investment Management Services
Lincoln Independent Limited
(formerly Laurentian Independent Financial Planning Ltd.)
100% - England/Wales -- Independent Financial Adviser
Lincoln Investment Management Limited
(formerly Laurentian Fund Management Ltd.)
100% - England/Wales -- Investment Management
LN Securities Limited
100% - England/Wales -- Nominee Company
Niloda Limited
100% - England/Wales -- Investment Company
Lincoln Independent (Jersey) Limited
(formerly Lincoln National (Jersey) Limited)
100% - England/Wales -- Dormant
Lincoln National (Guernsey) Limited
100% - England/Wales -- Dormant
Lincoln SBP Trustee Limited
100% - England/Wales
Footnotes:
** Except for director-qualifying shares.
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ATTACHMENT #1
LINCOLN LIFE AND ANNUITY DISTRIBUTORS, INC.
CORPORATE AGENCY SUBSIDIARIES
1) Benefits Marketing Group, Inc. (D.C. & Chevy Chase, MD)
2) Beardslee & Associates, Inc. (Clifton, NJ)
3) Lincoln Southwest Financial Group, Inc. (AZ)
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SUMMARY OF CHANGES TO ORGANIZATIONAL CHART:
JANUARY 1, 1995-DECEMBER 31, 1995
September 1995
a. Lincoln National (Jersey) Limited was incorporated on September 18,
1995. Company is dormant and was formed for tax reasons per Barbara
Benoit, Assistant Corporate Secretary at Lincoln UK.
JANUARY 1, 1996-DECEMBER 1, 1996
March 1996
a. Delaware Investment Counselors, Inc. changed its name to Delaware
Capital Management, Inc. effective March 29, 1996.
August 1996
a. Lincoln National (Gernsey) Limited was incorporated on August 9,
1996; company is dormant and was formed for tax reasons.
September 1996
a. Morgan Financial Group, Inc. changed its name to Lincoln National
Sales Corporation of Maryland effective September 23, 1996.
b. Addition of Lincoln Life & Annuity Company of New York, incorporated
as a New York corporation on September 27, 1996.
October 1996
a. Addition of Lincoln National (India) Inc., incorporated as an Indiana
corporation on October 17, 1996.
November 1996
a. Lincoln National SBP Trustee Limited was bought "off the shelf" and
was incorporated on November 26, 1996; it was formed to act as
Trustee for Lincoln Staff Benefits Plan.
December 1996
a. Addition of Lincoln National Investments, Inc., incorporated as an
Indiana corporation on December 12, 1996.
JANUARY 1, 1997-DECEMBER 31, 1997
January 1997
a. Delaware Management Holdings, Inc., Lynch & Mayer, Inc. and Vantage
Global Advisors, Inc. were transferred via capital contribution to
Lincoln National Investments, Inc. effective January 2, 1997.
b. Lincoln National Investments, Inc. changed its name to Lincoln
National Investment Companies, Inc. effective January 24, 1997.
c. Lincoln National Investment Companies, Inc. changed its named to
Lincoln National Investments, Inc. effective January 24, 1997.
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d. The following Lincoln National (UK) subsidiaries changed their name
effective January 1, 1997: Lincoln Financial Group PLC (fka
Laurentian Financial Group PLC); Lincoln Milldon Limited (fka
Laurentian Milldon Limited); Lincoln Management Services Limited (fka
Laurentian Management Services Limited).
February 1997
a. Removal of Lincoln National Financial Group of Philadelphia, Inc.,
which was dissolved effective February 25, 1997.
March 1997
a. Removal of Lincoln Financial Services, Inc., which was dissolved
effective March 4, 1997.
April 1997
a. Acquisition of Dougherty Financial Group, Inc. on April 30, 1997.
Company then changed its name to Delvoy, Inc. The acquisition
included the mutual fund group of companies as part of the Voyager
acquisition. The following companies all then were moved under the
newly formed holding company, Delvoy, Inc. effective April 30, 1997:
Delaware Management Company, Inc., Delaware Distributors, Inc.,
Delaware Capital Management, Inc., Delaware Service Company, Inc. and
Delaware Investment & Retirement Services, Inc.
b. Acquisition of Voyager Fund Managers, Inc. and Voyager Fund
Distributors, Inc. on April 30, 1997; merger is scheduled for May 31,
1997, for Voyager Fund Managers, Inc. into Delaware Management
Company, Inc. and Voyager Fund Distributors, Inc. is to merge into
Delaware Distributors, L.P.
c. Removal of Aseguradora InverLincoln, S.A. Compania de Seguros y
Reaseguros, Grupo Financiero InverMexico. Stock was sold to Grupo
Financiero InverMexico effective April 18, 1997.
May 1997
a. Name change of The Richard Leahy Corporation to Lincoln National
Financial Institutions Group, Inc. effective May 6, 1997.
b. Voyager Fund Managers, Inc. merged into Delaware Management Company,
Inc. effective May 30, 1997, at 10:00 p.m. with Delaware Management
Company, Inc. surviving.
c. On May 31, 1997, at 2:00 a.m., Voyager Fund Distributors, Inc. merged
into a newly formed company Voyager Fund Distributors (Delaware),
Inc., incorporated as a Delaware corporation on May 23, 1997. Voyager
Fund Distributors (Delaware), Inc. then merged into Delaware
Distributors, L.P. effective May 31, 1997, at 2:01 a.m. Delaware
Distributors, L.P. survived.
June 1997
a. Removal of Lincoln National Sales Corporation of Maryland -- company
dissolved June 13, 1997.
b. Addition of Lincoln Funds Corporation, incorporated as a Delaware
corporation on June 10, 1997, at 2:00 p.m.
c. Addition of Lincoln Re, S.A., incorporated as an Argentina company on
June 30, 1997.
July 1997
a. LNC Equity Sales Corporation changed its name to Lincoln Financial
Advisors Corporation effective July 1, 1997.
b. Addition of Solutions Holdings, Inc., incorporated as a Delaware
corporation on July 27, 1997.
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September 1997
a. Addition of Solutions Reinsurance Limited, incorporated as a Bermuda
corporation on September 29, 1997.
October 1997
a. Removal of the following companies: American States Financial
Corporation, American States Insurance Company, American Economy
Insurance Company, American States Insurance Company of Texas,
American States Life Insurance Company, American States Lloyds
Insurance Company, American States Preferred Insurance Company, City
Insurance Agency, Inc. and Insurance Company of Illinois -- all were
sold 10-1-97 to SAFECO Corporation.
b. Liberty Life Assurance Limited was sold to Liberty International
Holdings PLC effective 10-6-97.
c. Addition of Seguros Serfin Lincoln, S.A., acquired by LNC on
10-15-97.
December 1997
a. Addition of City Financial Partners Ltd. as a result of its
acquisition by Lincoln National Corporation on December 22, 1997.
This company will distribute life assurance and pension products of
Lincoln Assurance Limited.
b. Removal of Lynch & Mayer Asia, Inc., which was dissolved December 24,
1997.
JANUARY 1, 1998-DECEMBER 31, 1998
January 1998
a. Addition of Cigna Associates, Inc., Cigna Financial Advisors, Inc.
and Cigna Associates of Massachusetts, Inc., acquired by The Lincoln
National Life Insurance Company on January 1, 1998. Cigna Associates
of Massachusetts is 100% owned by Cigna Associates, Inc.
b. Removal of Lincoln National Mezzanine Corporation and Lincoln
National Mezzanine Fund, L.P. Lincoln National Mezzanine Corporation
was dissolved on January 12, 1998, and Lincoln National Mezzanine
Fund, L.P. was cancelled January 12, 1998.
c. Corporate organizational changes took place in the UK group of
companies on January 21, 1998: Lincoln Insurance Services Limited and
its subsidiaries were moved from Lincoln National (UK) PLC to Lincoln
Assurance Limited; Lincoln General Insurance Co. Ltd. was moved from
Lincoln Insurance Services Limited to Lincoln National (UK) PLC.
d. Addition of AnnuityNet, Inc., incorporated as an Indiana corporation
on January 16, 1998, and a wholly-owned subsidiary of The Lincoln
National Life Insurance Company.
June 1998
a. Name Change of Cigna Financial Advisors, Inc. to Sagemark Consulting,
Inc. effective June 1, 1998.
b. Name Change of Cigna Associates, Inc. to Lincoln National Insurance
Associates, Inc. effective June 1, 1998.
c. Addition of Lincoln National Insurance Associates of Alabama, Inc.,
incorporated as a wholly-owned subsidiary of Lincoln National
Insurance Associates, Inc. as an Alabama domiciled corporation
effective June 10, 1998.
d. Dissolution of LUTM Nominees Limited effective June 10, 1998.
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e. Dissolution of Cannon Fund Managers Limited June 16, 1998.
f. Dissolution of P.N. Kemp Gee & Co. Ltd. June 2, 1998.
July 1998
a. Name change of Cigna Associates of Massachusetts, Inc. to Lincoln
National Insurance Associates of Massachusetts, Inc. effective July
22, 1998.
September 1998
a. Removal of Lincoln Financial Group of Michigan, Inc., voluntarily
dissolved September 15, 1998.
b. Name change of Lincoln Financial Group, Inc. to Lincoln Life and
Annuity Distributors, Inc. on September 29, 1998.
c. Removal of Lincoln European Reinsurance S.A. -- company dissolved
September 30, 1998.
d. Removal of Lincoln Funds Corporation -- company voluntarily dissolved
September 30, 1998.
October 1998
a. Addition of AnnuityNet Insurance Agency, Inc., incorporated as an
Indiana corporation October 2, 1998, a wholly-owned subsidiary of
AnnuityNet, Inc.
b. Removal of Lincoln National (India) Inc., voluntarily dissolved
October 26, 1998.
December 1998
a. Removal of The Insurers' Fund, Inc., voluntarily dissolved December
10, 1998.
b. Addition of Lincoln National Management Corporation, a Pennsylvania
corporation and a wholly-owned subsidiary of Lincoln National
Corporation, incorporated on December 17, 1998.
JANUARY 1, 1999-DECEMBER 31, 1999
January 1999
a. Lincoln Unit Trust Management changed its name on January 5, 1999, to
Lincoln ISA Management Limited.
February 1999
a. Removal of Lincoln Southwest Financial Group, Inc. -- company's term
of existence expired July 18, 1998.
July 1999
a. Addition of First Penn-Pacific Securities, Inc., incorporated as an
Illinois corporation and a wholly-owned subsidiary of First
Penn-Pacific Life Insurance Company on June 18, 1999.
b. Addition of Lincoln Realty Capital Corporation, incorporated as an
Indiana corporation and a wholly-owned subsidiary of The Lincoln
National Life Insurance Company on July 9, 1999.
August 1999
a. Deletion of Professional Financial Planning, Inc. -- company
dissolved August 25, 1999.
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November 1999
a. Addition of Lincoln National Insurance Associates of Hawaii, Inc.,
incorporated as a wholly-owned subsidiary of Lincoln National
Insurance Associates, Inc. as a Hawaii domiciled corporation
effective December 8, 1998.
b. Addition of AnnuityNet of Alabama, Inc., an Alabama corporation and a
wholly-owned subsidiary of AnnuityNet, Inc., incorporated on November
4, 1999.
c. Addition of AnnuityNet of New Mexico, Inc., a New Mexico corporation
and a wholly-owned subsidiary of AnnuityNet, Inc., incorporated on
November 1, 1999.
December 1999
a. Addition of Wakefield Tower Alpha Limited, a Cayman Islands
Corporation, effective December 15, 1999, with 100% of the ordinary
shares owned by The Lincoln National Life Insurance Company. One (1)
G Share is held by a third party.
b. Addition of Delaware General Management, Inc. (DGM), a Delaware
Corporation and wholly owned subsidiary of Delvoy, Inc., effective
December 9, 1999. The corporation was formed to act as the general
partner of the Delaware Market Neutral Equity Fund, L.P.
JANUARY 1, 2000-DECEMBER 31, 2000
January 2000
a. Addition of AnnuityNet Insurance Agency of Massachusetts, Inc., a
Massachusetts Corporation and a wholly-owned subsidiary of
AnnuityNet, Inc., incorporated on January 1, 2000.
February 2000
a. Addition of The Kyoei Lincoln Reinsurance Services Co., Ltd., a
Japanese Corporation in which Lincoln National Corporation has a 90%
ownership interest. The remaining 10% is owned by The Kyoei Life
Insurance Co., Ltd. The date of incorporation in Japan was February
29, 2000.
March 2000
a. Name change of Underwriters & Management Services, Inc. to Lincoln Re
Risk Management Services, Inc. effective March 1, 2000.
b. Lincoln National Corporation disposed of its 49% investment in
Seguros Serfin Lincoln, S.A. effective March 30, 2000.
April 2000
a. Lincoln Life and Annuity Distributors, Inc. stock was transferred via
capital contribution from Lincoln National Corporation to The Lincoln
National Life Insurance Company effective April 7, 2000.
b. Change in ownership percentage of Lincoln National Insurance
Associates of Ohio, Inc. from a 91% owned subsidiary to a
wholly-owned subsidiary of Lincoln National Insurance Associates,
Inc. effective April 17, 2000.
c. Reinstatement of Lincoln Southwest Financial Group, Inc. in the State
of Arizona effective April 25, 2000.
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May 2000
a. Change in ownership percentage of AnnuityNet, Inc. from a
wholly-owned subsidiary of The Lincoln National Life Insurance
Company to a 44.9% ownership interest effective May 8, 2000.
b. Addition of LFA, Limited Liability Company, an Indiana limited
liability company and 99% owned subsidiary of The Lincoln National
Life Insurance Company, formed May 11, 2000.
c. Addition of LFA of Delaware, Limited Liability Company, a Delaware
limited liability company and 99% owned subsidiary of The Lincoln
National Life Insurance Company, formed May 16, 2000.
d. Dissolution of Lynch & Mayer Securities Corp. (Delaware corporation)
effective May 9, 2000.
November 2000
a. Dissolution of Lynch & Mayer, Inc. (Indiana corporation) effective
November 30, 2000.
December 2000
a. Name change of Sagemark Consulting, Inc. to Lincoln Financial
Distributors, Inc. effective December 4, 2000.
b. Dissolution of Vantage Global Advisors, Inc. (Delaware corporation)
effective December 31, 2000.
JANUARY 1, 2001-DECEMBER 31, 2001
January 2001
a. Dissolution of Lincoln Investment Management, Inc. (Illinois
corporation) effective January 11, 2001.
February 2001
a. Addition of Lincoln Retirement Services Company, LLC, an Indiana
Limited Liability Company and wholly-owned subsidiary of The Lincoln
National Life Insurance Company, formed February 28, 2001.
April 2001
a. Addition of LFD Insurance Agency, Limited Liability Company, a
Delaware Limited Liability Company and 99% owned subsidiary of The
Lincoln National Life Insurance Company, formed April 25, 2001.
June 2001
a. Addition of Lincoln Re (Ireland) Limited, an Ireland corporation and
wholly-owned subsidiary of Lincoln National Reinsurance Company
(Barbados) Limited, incorporated June 20, 2001.
July 2001
a. Addition of Select Capital, LLC, an Indiana Limited Liability Company
and wholly-owned subsidiary of The Lincoln National Life Insurance
Company, formed July 17, 2001.
b. Addition of Pegasus Capital, LLC, an Indiana Limited Liability
Company and 99% owned subsidiary of Select Capital, LLC, formed July
17, 2001.
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August 2001
a. Lincoln National (UK) PLC makes the following name changes, additions
and dissolution of companies as follows:
1) Dissolution of Allied Westminster & Company Limited effective May
8, 2001;
2) Dissolution of Culverin Property Services Limited effective May
8, 2001;
3) Dissolution of HUTM Limited effective March 9, 1999;
4) Dissolution of Liberty Life Pension Trustee Company Limited
effective April 24, 2001;
5) Dissolution of UK Mortgage Securities Limited effective November
24, 1998;
6) Dissolution of Liberty Press Limited [Printing Services]
effective March 23, 1999;
7) Dissolution of Barnwood Developments Limited effective May 22,
2001;
8) Dissolution of British National Life Sales Ltd. effective June
12, 2001;
9) Dissolution of BNL Trustees Limited effective May 8, 2001;
10) Dissolution of CL CR Management Ltd. effective November 17, 1998;
11) Dissolution of Lincoln National Training Services Limited
effective March 16, 1999;
12) Name change of ILI Supplies Limited to Liberty Press Limited;
13) Name change of Lincoln ISA Management Limited to Financial
Alliances Limited;
14) Reporting change for Laurtrust Limited from Lincoln Financial
Group PLC to Lincoln National (UK) PLC;
15) Addition of Lincoln Executive Club Trustee Limited, a
wholly--owned subsidiary of Lincoln National (UK) PLC,
incorporated February 23, 1999 (currently dormant);
16) Addition of Consumers Financial Education Limited, a wholly-owned
subsidiary of Lincoln National (UK) PLC, incorporated December 1,
1999 (currently dormant).
December 2001
a. Removal of the following companies as a result of the December 7, 2001,
sale to Swiss Re:
1) The Kyoei Lincoln Reinsurance Services Co., Ltd.
2) Lincoln National (China) Inc.
3) Lincoln National Health & Casualty Insurance Company
4) Lincoln National Intermediaries, Inc.
5) Lincoln National Management Services, Inc.
6) Lincoln National Reassurance Company
7) Lincoln National Reinsurance Company Limited
8) Lincoln National Risk Management, Inc.
9) Lincoln National Structured Settlement, Inc.
10) Lincoln National Underwriting Services, Ltd.
11) Lincoln Re Risk Management Services, Inc.
12) Lincoln Re, S.A.
13) Linsco Reinsurance Company
14) Old Fort Insurance Company, Ltd.
15) Servicios de Evaluacion de Riesgos, S. de R.L. de C.V.
16) Solutions Holdings, Inc.
17) Solutions Reinsurance Limited
18) Special Pooled Risk Administrators, Inc.
JANUARY 1, 2002 - DECEMBER 31, 2002
January 2002
a. Lincoln National (UK) PLC makes the following changes:
1) Dissolution of Lincoln Pension Trustees Limited effective January
15, 2002;
2) Reporting change for Financial Alliances Limited to Lincoln
National (UK) PLC;
3) Reporting change for Lincoln Insurance Services Limited to
Lincoln National (UK) PLC.
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March 2002
a. Addition of Lincoln Administration Services Limited, a wholly-owned
subsidiary of Lincoln National (UK) PLC, incorporated March 11, 2002
(currently inactive).
April 2002
a. Dissolution of Financial Investment Services, Inc. (Indiana
corporation) effective April 2, 2002.
b. Dissolution of Financial Alternative Resources, Inc. (Kansas
corporation) effective April 3, 2002.
c. Dissolution of Financial Investments, Inc. (Indiana corporation)
effective April 26, 2002.
d. Change in ownership interest of AnnuityNet, Inc. from a 44.9% combined
LNL and LNC ownership interest to a 24.0% combined LNL and LNC
ownership interest effective April 5, 2002.
May 2002
a. Dissolution of the following corporate agency subsidiaries of Lincoln
Life and Annuity Distributors, Inc:
1) Colorado-Lincoln Financial Group, Inc. (Colorado) effective
December 17, 2001;
2) Lincoln National Financial Services, Inc. (Florida) effective
December 17, 2001;
3) CMP Financial Services, Inc. (Illinois) effective January 11,
2002;
4) Lincoln Financial Group of Northern Indiana, Inc. (Indiana)
effective December 13, 2001;
5) Financial Planning Partners, Ltd. (Kansas) effective December 18,
2001;
6) The Lincoln National Financial Group of Louisiana, Inc.
(Louisiana) effective December 20, 2001;
7) Lincoln Cascades, Inc. (Oregon) effective December 21, 2001.
b. Delaware Investments makes the following changes:
1) Addition of Delaware Investments U.S., Inc., a Delaware
corporation and a wholly-owned subsidiary of DMH Corp.,
incorporated on June 28, 2001;
2) Addition of DIAL Holding Company, Inc., a Delaware corporation
and a wholly-owned subsidiary of DMH Corp., incorporated on June
27, 2001;
3) Merger of Delvoy, Inc., a Minnesota corporation and wholly-owned
subsidiary of DMH Corp., into Delaware Investments U.S., Inc.,
effective June 28, 2001;
4) Effective February 28, 2001, LNC Administrative Services
Corporation transferred from being a wholly-owned subsidiary of
Lincoln National Corporation to being a wholly-owned subsidiary
of Retirement Financial Services, Inc.
c. Dissolution of the following corporate agency subsidiary of Lincoln
Life and Annuity Distributors, Inc.:
1) Lincoln Financial Group of Missouri, Inc. (Missouri) effective
June 14, 2002.
d. Sale of Lincoln Re (Ireland) Limited to Swiss Re Management Luxembourg
S.A. effective May 30, 2002.
e. City Financial Partners Limited stock was acquired by Lincoln National
(UK) PLC from Lincoln National Corporation effective January 20, 2000.
July 2002
a. Dissolution of Founders CBO Corporation (Delaware corporation)
effective July 15, 2002.
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August 2002
a. Cancellation of Founders CBO, L.P. (Delaware Limited Partnership)
effective August 15, 2002. [Note: This partnership was dissolved
7/15/02; however, the official partnership cancellation was not
effective until the Certificate of Cancellation filing on 8/15/02.]
b. Dissolution of The Financial Resources Department, Inc. (Michigan
corporation) effective August 22, 2002.
c. Acquisition of The Administrative Management Group, Inc., an Illinois
corporation and employee benefits recordkeeping firm, as a wholly-owned
subsidiary of The Lincoln National Life Insurance Company effective
August 30, 2002.
d. Acquisition of AMG Service Corp., an Illinois corporation and
wholly-owned subsidiary of The Administrative Management Group, Inc.,
effective August 30, 2002.
September 2002
a. Dissolution of The Investment Center, Inc. (Tennessee corporation)
effective September 6, 2002.
b. Change in ownership of Lincoln Financial Group, Inc. (an Alabama
corporation) from a wholly-owned subsidiary of Lincoln Life and Annuity
Distributors, Inc. to a wholly-owned subsidiary of The Lincoln National
Life Insurance Company effective September 20, 2002.
c. Change in ownership of Lincoln Financial Services and Insurance
Brokerage of New England, Inc. (a Massachusetts corporation) from a
wholly-owned subsidiary of Lincoln Life and Annuity Distributors, Inc.
to a wholly-owned subsidiary of The Lincoln National Life Insurance
Company effective September 20, 2002.
October 2002
a. Dissolution of the following corporate agency subsidiaries of Lincoln
Life and Annuity Distributors, Inc.:
1) Financial Consultants of Michigan, Inc. (Michigan) effective
August 19, 2002;
2) Lincoln Financial Group, Inc. (New Mexico) effective September
27, 2002;
3) Lincoln Financial Group, Inc. (Utah) effective May 21, 2002.
b. Dissolution of The Investment Group, Inc. (New Jersey corporation)
effective October 21, 2002.
November 2002
a. Change in ownership of Lincoln Financial Advisors Corporation (an
Indiana corporation) from a wholly-owned subsidiary of Lincoln Life and
Annuity Distributors, Inc. to a wholly-owned subsidiary of The Lincoln
National Life Insurance Company effective November 1, 2002.
b. Change in ownership of Lincoln Financial and Insurance Services
Corporation (a California corporation) from a wholly-owned subsidiary
of Lincoln Life and Annuity Distributors, Inc. to a wholly-owned
subsidiary of The Lincoln National Life Insurance Company effective
November 18, 2002. California Fringe Benefit and Insurance Marketing
Corporation will remain as its wholly-owned subsidiary.
December 2002
a. Dissolution of Lincoln Life and Annuity Distributors, Inc. (Indiana
corporation) effective December 11, 2002.
b. Dissolution of The Financial Alternative, Inc. (Utah corporation)
effective December 9, 2002.
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