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. Explore Lincoln National Corporation capital spending ratio to see what proportion of operating cash flow is directed to capital expenditures.
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. Also explore Lincoln National Corporation total assets for the complete picture of this company's asset base.
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.
| 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 | — |