Progressive Corp (PGR) — Capital Reinvestment Ratio
Progressive Corp (PGR) has a Capital Reinvestment Ratio of 0.04x as of June 2026, meaning it reinvests 0% of its operating cash flow ($3.61 Billion) in capital expenditures ($138.00 Million). Check Progressive Corp tangible equity quality to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Progressive Corp Capital Reinvestment Ratio (1989–2025)
This chart tracks Progressive Corp's Capital Reinvestment Ratio across 36 annual periods. For the full cash flow conversion analysis, see PGR cash flow conversion.
Annual Capital Reinvestment Ratio for Progressive Corp (1989–2025)
Year-by-year Capital Reinvestment Ratio for Progressive Corp from 1989 to 2025. See Progressive Corp free cash flow efficiency to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.02x | $17.55 Billion | $348.00 Million | ▲ +5.2% |
| 2024 | 0.02x | $15.12 Billion | $285.00 Million | ▼ -20.4% |
| 2023 | 0.02x | $10.64 Billion | $252.00 Million | ▼ -44.5% |
| 2022 | 0.04x | $6.85 Billion | $292.00 Million | ▲ +35.9% |
| 2021 | 0.03x | $7.76 Billion | $243.50 Million | ▼ -3.1% |
| 2020 | 0.03x | $6.91 Billion | $223.50 Million | ▼ -44.2% |
| 2019 | 0.06x | $6.26 Billion | $363.50 Million | ▲ +37.2% |
| 2018 | 0.04x | $6.28 Billion | $266.00 Million | ▲ +2.1% |
| 2017 | 0.04x | $3.76 Billion | $155.70 Million | ▼ -47.9% |
| 2016 | 0.08x | $2.70 Billion | $215.00 Million | ▲ +39.6% |
| 2015 | 0.06x | $2.29 Billion | $130.70 Million | ▼ -9.0% |
| 2014 | 0.06x | $1.73 Billion | $108.10 Million | ▼ -15.2% |
| 2013 | 0.07x | $1.90 Billion | $140.40 Million | ▼ -2.1% |
| 2012 | 0.08x | $1.69 Billion | $127.70 Million | ▲ +43.3% |
| 2011 | 0.05x | $1.50 Billion | $78.90 Million | ▲ +36.7% |
| 2010 | 0.04x | $1.68 Billion | $64.70 Million | ▼ -14.0% |
| 2009 | 0.04x | $1.49 Billion | $66.60 Million | ▼ -29.5% |
| 2008 | 0.06x | $1.55 Billion | $98.50 Million | ▼ -16.5% |
| 2007 | 0.08x | $1.79 Billion | $136.30 Million | ▼ -53.9% |
| 2006 | 0.17x | $2.02 Billion | $334.30 Million | ▲ +50.1% |
| 2005 | 0.11x | $1.99 Billion | $219.30 Million | ▲ +52.5% |
| 2004 | 0.07x | $2.66 Billion | $192.00 Million | ▲ +2.7% |
| 2003 | 0.07x | $2.44 Billion | $171.10 Million | ▲ +49.3% |
| 2002 | 0.05x | $1.91 Billion | $89.90 Million | ▼ -22.5% |
| 2001 | 0.06x | $1.23 Billion | $74.90 Million | ▼ -61.7% |
| 2000 | 0.16x | $822.40 Million | $130.30 Million | ▼ -16.7% |
| 1999 | 0.19x | $775.10 Million | $147.50 Million | ▼ -32.5% |
| 1998 | 0.28x | $618.00 Million | $174.20 Million | ▲ +69.9% |
| 1997 | 0.17x | $734.70 Million | $121.90 Million | ▲ +202.3% |
| 1996 | 0.05x | $652.20 Million | $35.80 Million | ▼ -24.0% |
| 1995 | 0.07x | $530.60 Million | $38.30 Million | ▼ -44.0% |
| 1994 | 0.13x | $451.30 Million | $58.20 Million | ▼ -30.5% |
| 1993 | 0.19x | $323.50 Million | $60.00 Million | ▲ +130.8% |
| 1992 | 0.08x | $150.60 Million | $12.10 Million | ▼ -66.0% |
| 1991 | 0.24x | $190.60 Million | $45.10 Million | ▲ +170.2% |
| 1989 | 0.09x | $193.00 Million | $16.90 Million | — |