The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE
OMB APPROVAL
OMB Number: 3235-0006
Expires: July 31, 2015
Estimated average burden
hours per response: 23.8
Report for the Calendar Year or Quarter Ended: 09-30-2024
Check here if Amendment    Amendment Number:
This Amendment (Check only one.):    is a restatement.
   adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: LINCOLN NATIONAL CORP
Address: 150 N RADNOR CHESTER RD
RADNOR, PA  19087
Form 13F File Number: 028-00625

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:
Name: Ronald A. Holinsky
Title: Senior Vice President; Chief Legal Officer
Phone: 484-583-6302
Signature, Place, and Date of Signing:
/s/ Ronald A. Holinsky Radnor,  PA 10-24-2024
[Signature] [City, State] [Date]
Report Type (Check only one.):
X 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)
   13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).)
   13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)
Form 13F Summary Page
Report Summary:
Number of Other Included Managers: 1
Form 13F Information Table Entry Total: 23
Form 13F Information Table Value Total: 3,122,217,027
(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]
No. Form 13F File Number Name
1 028-15854 Lincoln Financial Investments Corp
SEC FORM 13-F Information Table

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Expires: July 31, 2015
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ISHARES INC CORE MSCI EMKT 46434G103 107,708,853 1,876,134 SH   SOLE 1 1,876,134 0 0
SCHWAB STRATEGIC TR US TIPS ETF 808524870 220,348,294 4,108,676 SH   SOLE 1 4,108,676 0 0
VANGUARD BD INDEX FDS INTERMED TERM 921937819 147,075,098 1,876,676 SH   SOLE 1 1,876,676 0 0
VANGUARD BD INDEX FDS LONG TERM BOND 921937793 159,943,193 2,127,753 SH   SOLE 1 2,127,753 0 0
VANGUARD BD INDEX FDS SHORT TRM BOND 921937827 264,539,963 3,361,799 SH   SOLE 1 3,361,799 0 0
VANGUARD CHARLOTTE FDS TOTAL INT BD ETF 92203J407 196,976,274 3,917,587 SH   SOLE 1 3,917,587 0 0
VANGUARD INDEX FDS MCAP GR IDXVIP 922908538 44,518,490 182,850 SH   SOLE 1 182,850 0 0
VANGUARD INDEX FDS MCAP VL IDXVIP 922908512 44,904,876 267,817 SH   SOLE 1 267,817 0 0
VANGUARD INDEX FDS REAL ESTATE ETF 922908553 11,893,326 122,083 SH   SOLE 1 122,083 0 0
VANGUARD INDEX FDS SM CP VAL ETF 922908611 41,639,563 207,389 SH   SOLE 1 207,389 0 0
VANGUARD INDEX FDS SML CP GRW ETF 922908595 41,713,196 156,013 SH   SOLE 1 156,013 0 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769 359,955,257 1,271,208 SH   SOLE 1 1,271,208 0 0
VANGUARD INTL EQUITY INDEX F ALLWRLD EX US 922042775 186,704,973 2,963,571 SH   SOLE 1 2,963,571 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 91,475,611 1,911,716 SH   SOLE 1 1,911,716 0 0
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 88,845,351 1,249,583 SH   SOLE 1 1,249,583 0 0
VANGUARD INTL EQUITY INDEX F FTSE PACIFIC ETF 922042866 96,663,885 1,233,115 SH   SOLE 1 1,233,115 0 0
VANGUARD INTL EQUITY INDEX F FTSE SMCAP ETF 922042718 34,597,307 274,669 SH   SOLE 1 274,669 0 0
VANGUARD INTL EQUITY INDEX F GLB EX US ETF 922042676 28,228,233 601,753 SH   SOLE 1 601,753 0 0
VANGUARD SCOTTSDALE FDS MTG-BKD SECS ETF 92206C771 154,279,117 3,267,933 SH   SOLE 1 3,267,933 0 0
VANGUARD SPECIALIZED FUNDS DIV APP ETF 921908844 105,929,024 534,833 SH   SOLE 1 534,833 0 0
VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT 921943858 165,188,941 3,127,986 SH   SOLE 1 3,127,986 0 0
VANGUARD WORLD FD MEGA CAP VAL ETF 921910840 247,398,371 1,928,581 SH   SOLE 1 1,928,581 0 0
VANGUARD WORLD FD MEGA GRWTH IND 921910816 281,689,831 874,949 SH   SOLE 1 874,949 0 0