Progressive Corp (PGR) — Capital Reinvestment Ratio
Progressive Corp (PGR) has a Capital Reinvestment Ratio of 0.01x as of September 2025, meaning it reinvests 0% of its operating cash flow ($5.20 Billion) in capital expenditures ($66.00 Million). See Progressive Corp balance sheet independence to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Progressive Corp Capital Reinvestment Ratio (1989–2024)
This chart tracks Progressive Corp's Capital Reinvestment Ratio across 35 annual periods. Check PGR total capital reinvestment ratio to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for Progressive Corp (1989–2024)
Year-by-year Capital Reinvestment Ratio for Progressive Corp from 1989 to 2024. For live market cap and broader valuation context, see Progressive Corp stock valuation.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 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 | — |