Lincoln National Corp. has put the benefits operations it acquired along with Jefferson-Pilot Corp. and other benefits operations in a new employer markets division.
The division will account for about 31% of Lincoln National operating income, and it will manage retirement and executive benefits operations as well as group protection operations, according to Lincoln National, Philadelphia.
The division will start with 2,000 employees; a sales force of 400; 60,000 plan sponsor customers; and about 5 million plan participants, Lincoln National estimates.