UnitedHealth Group Incorporated (UNH) — Cash Flow Reinvestment Rate
UnitedHealth Group Incorporated (UNH) has a Cash Flow Reinvestment Rate of 2.03x as of December 2025, reinvesting $2.24 Billion (capex $948.00 Million plus investments $-1.30 Billion) from operating cash flow of $1.11 Billion. Check UnitedHealth Group Incorporated (UNH) cash earnings ratio to evaluate the quality of earnings relative to operating cash generation.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
UnitedHealth Group Incorporated Cash Flow Reinvestment Rate (1989–2025)
Historical reinvestment intensity for UnitedHealth Group Incorporated across 37 annual periods. Explore UNH long-term investments to assets to see how much of total assets are deployed in long-term investments.
Annual Cash Flow Reinvestment Rate for UnitedHealth Group Incorporated (1989–2025)
Year-by-year capital reinvestment analysis for UnitedHealth Group Incorporated. For live market cap and broader valuation context, see UNH company net worth.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.20x | $3.98 Billion | $19.70 Billion | $3.62 Billion | ▼ -79.6% |
| 2024 | 0.99x | $24.03 Billion | $24.20 Billion | $3.50 Billion | ▲ +52.2% |
| 2023 | 0.65x | $18.96 Billion | $29.07 Billion | $3.39 Billion | ▼ -45.4% |
| 2022 | 1.19x | $31.28 Billion | $26.21 Billion | $2.80 Billion | ▲ +520.6% |
| 2021 | 0.19x | $4.30 Billion | $22.34 Billion | $2.45 Billion | ▼ -12.7% |
| 2020 | 0.22x | $4.89 Billion | $22.17 Billion | $2.05 Billion | ▼ -11.1% |
| 2019 | 0.25x | $4.58 Billion | $18.46 Billion | $2.07 Billion | ▼ -36.8% |
| 2018 | 0.39x | $6.16 Billion | $15.71 Billion | $2.06 Billion | ▼ -15.9% |
| 2017 | 0.47x | $6.34 Billion | $13.60 Billion | $2.02 Billion | ▼ -40.1% |
| 2016 | 0.78x | $7.63 Billion | $9.79 Billion | $1.71 Billion | ▲ +263.6% |
| 2015 | 0.21x | $2.09 Billion | $9.74 Billion | $1.56 Billion | ▼ -23.2% |
| 2014 | 0.28x | $2.25 Billion | $8.05 Billion | $1.45 Billion | ▼ -29.6% |
| 2013 | 0.40x | $2.77 Billion | $6.99 Billion | $1.16 Billion | ▲ +19.8% |
| 2012 | 0.33x | $2.37 Billion | $7.16 Billion | $1.07 Billion | ▼ -15.0% |
| 2011 | 0.39x | $2.71 Billion | $6.97 Billion | $1.02 Billion | ▼ -19.5% |
| 2010 | 0.48x | $3.04 Billion | $6.27 Billion | $878.00 Million | ▲ +175.5% |
| 2009 | 0.18x | $988.00 Million | $5.62 Billion | $739.00 Million | ▼ -5.9% |
| 2008 | 0.19x | $791.00 Million | $4.24 Billion | $791.00 Million | ▲ +25.9% |
| 2007 | 0.15x | $871.00 Million | $5.88 Billion | $871.00 Million | ▲ +32.9% |
| 2006 | 0.11x | $728.00 Million | $6.53 Billion | $728.00 Million | ▼ -5.2% |
| 2005 | 0.12x | $509.00 Million | $4.33 Billion | $509.00 Million | ▲ +39.0% |
| 2004 | 0.08x | $350.00 Million | $4.13 Billion | $350.00 Million | ▼ -27.8% |
| 2003 | 0.12x | $352.00 Million | $3.00 Billion | $352.00 Million | ▼ -32.2% |
| 2002 | 0.17x | $419.00 Million | $2.42 Billion | $419.00 Million | ▼ -25.0% |
| 2001 | 0.23x | $425.00 Million | $1.84 Billion | $425.00 Million | ▲ +43.1% |
| 2000 | 0.16x | $245.00 Million | $1.52 Billion | $245.00 Million | ▼ -2.3% |
| 1999 | 0.16x | $196.00 Million | $1.19 Billion | $196.00 Million | ▼ -15.9% |
| 1998 | 0.20x | $210.00 Million | $1.07 Billion | $210.00 Million | ▼ -28.4% |
| 1997 | 0.27x | $187.00 Million | $683.00 Million | $187.00 Million | ▼ -6.8% |
| 1996 | 0.29x | $165.22 Million | $562.26 Million | $165.22 Million | ▲ +16.8% |
| 1995 | 0.25x | $109.23 Million | $434.27 Million | $109.23 Million | ▲ +3.1% |
| 1994 | 0.24x | $79.61 Million | $326.26 Million | $79.61 Million | ▲ +23.0% |
| 1993 | 0.20x | $55.30 Million | $278.80 Million | $55.30 Million | ▲ +67.4% |
| 1992 | 0.12x | $22.40 Million | $189.00 Million | $22.40 Million | ▼ -0.4% |
| 1991 | 0.12x | $15.10 Million | $126.90 Million | $15.10 Million | ▲ +153.4% |
| 1990 | 0.05x | $2.70 Million | $57.50 Million | $2.70 Million | ▼ -47.8% |
| 1989 | 0.09x | $3.70 Million | $41.10 Million | $3.70 Million | — |