ANALYST COVERAGE

FIRM ANALYST PHONE
BERNSTEIN Suneet Kamath 212 756-4587
CITIGROUP Colin Devine 212 816-1682
CREDIT SUISSE Tom Gallagher 212 538-2010
DEUTSCHE BANK Darin Arita 212 250-7321
DOWLING & PARTNERS Paul Goulekas 860 676-8600
FOX-PITT KELTON COCHRAN CARONIA WALLER Mark Finkelstein 312 425-4079
GOLDMAN SACHS & COMPANY Tom Cholnoky 212 902-3408
JP MORGAN Jimmy Bhullar 212 622-6397
KEEFE, BRUYETTE & WOODS, INC. Jeff Schuman 860 722-5902
LANGEN McALENNEY Bob Glasspiegel 860 724-1203
LEHMAN BROTHERS Eric Berg 212 526-2805
MERRILL LYNCH Ed Spehar 212 449-4245
MORGAN STANLEY Nigel Dally 212 761-6235
RAYMOND JAMES & ASSOCIATES INC. Steven Schwartz 312 612-7686
UBS Andrew Kligerman 212 713-2492
WACHOVIA John Hall 212 214-8032

Investor inquiries may be directed to:
Jim Sjoreen, Vice President, Investor Relations
E-mail: Jim.Sjoreen@LFG.com
Voice: 484 583-1420
Fax: 484 583-3962

Note: This list is provided for informational purposes only. Lincoln Financial Group does not endorse the analyses, conclusions, or recommendations contained in any report issued by these or any other analysts.

** Statistical data will be available immediately after the release of earnings for each quarter through Lincoln National Corporation's Investor Relations Web site.

Lincoln National Corporation is followed by the analyst(s) listed above. Please note that any opinions, estimates or forecasts regarding Lincoln National Corporation's performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Lincoln National Corporation or its management. Lincoln National Corporation does not by its reference above imply its endorsement of or concurrence with such information, conclusions or recommendations.

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Lincoln Financial Group is the marketing name for Lincoln National Corporation and its affiliates.




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