Lincoln National Corporation (LNC) — Cash Flow Reinvestment Rate
Lincoln National Corporation (LNC) has a Cash Flow Reinvestment Rate of 12.41x as of December 2025, reinvesting $2.89 Billion (capex $0.00 plus investments $-2.89 Billion) from operating cash flow of $233.00 Million. Check Lincoln National Corporation (LNC) cash flow quality to evaluate the quality of earnings relative to operating cash generation.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Lincoln National Corporation Cash Flow Reinvestment Rate (1989–2022)
Historical reinvestment intensity for Lincoln National Corporation across 33 annual periods. Explore long-term investment intensity of Lincoln National Corporation to see how much of total assets are deployed in long-term investments.
Annual Cash Flow Reinvestment Rate for Lincoln National Corporation (1989–2022)
Year-by-year capital reinvestment analysis for Lincoln National Corporation. For live market cap and broader valuation context, see LNC market cap overview.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2022 | 2.32x | $9.36 Billion | $4.03 Billion | $0.00 | ▼ -95.1% |
| 2021 | 47.75x | $7.21 Billion | $151.00 Million | $0.00 | ▲ +124.5% |
| 2020 | 21.27x | $11.36 Billion | $534.00 Million | $0.00 | ▲ +764.9% |
| 2018 | 2.46x | $4.78 Billion | $1.94 Billion | $1.82 Billion | ▼ -25.4% |
| 2017 | 3.30x | $2.60 Billion | $788.00 Million | $0.00 | ▲ +55.5% |
| 2016 | 2.12x | $2.70 Billion | $1.27 Billion | $0.00 | ▲ +14.8% |
| 2015 | 1.85x | $4.14 Billion | $2.24 Billion | $0.00 | ▲ +170.8% |
| 2014 | 0.68x | $1.72 Billion | $2.53 Billion | $0.00 | ▼ -88.2% |
| 2013 | 5.77x | $4.61 Billion | $799.00 Million | $0.00 | ▲ +99.3% |
| 2012 | 2.90x | $3.67 Billion | $1.27 Billion | $0.00 | — |
| 2011 | 0.00x | $0.00 | $1.28 Billion | $0.00 | ▼ -100.0% |
| 2010 | 3.42x | $5.88 Billion | $1.72 Billion | $0.00 | — |
| 2009 | 0.00x | $0.00 | $937.00 Million | $0.00 | — |
| 2008 | 0.00x | $0.00 | $1.26 Billion | $0.00 | — |
| 2007 | 0.00x | $0.00 | $1.96 Billion | $0.00 | — |
| 2006 | 0.00x | $0.00 | $3.05 Billion | $0.00 | — |
| 2005 | 0.00x | $0.00 | $1.21 Billion | $0.00 | — |
| 2004 | 0.00x | $0.00 | $1.11 Billion | $0.00 | — |
| 2003 | 0.00x | $0.00 | $1.04 Billion | $0.00 | ▼ -100.0% |
| 2002 | 0.40x | $195.00 Million | $489.56 Million | $195.00 Million | — |
| 2001 | 0.00x | $0.00 | $1.25 Billion | $0.00 | — |
| 2000 | 0.00x | $0.00 | $1.99 Billion | $0.00 | — |
| 1999 | 0.00x | $0.00 | $2.33 Billion | $0.00 | ▼ -100.0% |
| 1998 | 1.83x | $2.29 Billion | $1.25 Billion | $2.29 Billion | ▲ +17134.1% |
| 1997 | 0.01x | $11.80 Million | $1.11 Billion | $11.80 Million | — |
| 1996 | 0.00x | $0.00 | $1.37 Billion | $0.00 | — |
| 1995 | 0.00x | $0.00 | $1.92 Billion | $0.00 | — |
| 1994 | 0.00x | $0.00 | $1.19 Billion | $0.00 | — |
| 1993 | 0.00x | $0.00 | $1.01 Billion | $0.00 | ▼ -100.0% |
| 1992 | 0.06x | $49.90 Million | $870.50 Million | $49.90 Million | ▲ +20.5% |
| 1991 | 0.05x | $64.20 Million | $1.35 Billion | $64.20 Million | ▼ -29.0% |
| 1990 | 0.07x | $66.10 Million | $986.80 Million | $66.10 Million | ▲ +89.4% |
| 1989 | 0.04x | $71.20 Million | $2.01 Billion | $71.20 Million | — |