Progressive Corp (PGR) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Progressive Corp (PGR) has a cash flow conversion efficiency ratio of 1.138x as of September 2025. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow ($5.20 Billion) by net assets ($4.57 Billion). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See PGR equity to assets ratio to measure how much of total assets are equity-financed.
Progressive Corp - Cash Flow Conversion Efficiency Trend (1989–2024)
This chart illustrates how Progressive Corp's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check Progressive Corp (PGR) cash earnings ratio to evaluate the quality of earnings relative to operating cash generation.
Progressive Corp Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Progressive Corp ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Rio Tinto Group
MX:RION
|
0.042x |
|
BP PLC ADR
NYSE:BP
|
0.037x |
|
Sumitomo Mitsui Financial Group Inc
F:XMFA
|
N/A |
|
Unilever PLC
NASDAQ:UNLYD
|
N/A |
|
HITACHI LTD ADR/10
F:HIAA
|
N/A |
|
Capital One Financial Corporation
NYSE:COF
|
0.054x |
|
China Merchants Bank Co Ltd
SHG:600036
|
0.030x |
|
Safran SA
PA:SAF
|
0.200x |
Annual Cash Flow Conversion Efficiency for Progressive Corp (1989–2024)
The table below shows the annual cash flow conversion efficiency of Progressive Corp from 1989 to 2024. For the full company profile with market capitalisation and key ratios, see Progressive Corp market capitalisation.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-12-31 | $25.59 Billion | $15.12 Billion | 0.591x | +12.55% |
| 2023-12-31 | $20.28 Billion | $10.64 Billion | 0.525x | +21.79% |
| 2022-12-31 | $15.89 Billion | $6.85 Billion | 0.431x | +1.24% |
| 2021-12-31 | $18.23 Billion | $7.76 Billion | 0.426x | +5.04% |
| 2020-12-31 | $17.04 Billion | $6.91 Billion | 0.405x | -11.50% |
| 2019-12-31 | $13.67 Billion | $6.26 Billion | 0.458x | -21.15% |
| 2018-12-31 | $10.82 Billion | $6.28 Billion | 0.581x | +43.53% |
| 2017-12-31 | $9.28 Billion | $3.76 Billion | 0.405x | +19.16% |
| 2016-12-31 | $7.96 Billion | $2.70 Billion | 0.340x | +7.95% |
| 2015-12-31 | $7.29 Billion | $2.29 Billion | 0.315x | +26.30% |
| 2014-12-31 | $6.93 Billion | $1.73 Billion | 0.249x | -18.86% |
| 2013-12-31 | $6.19 Billion | $1.90 Billion | 0.307x | +9.02% |
| 2012-12-31 | $6.01 Billion | $1.69 Billion | 0.282x | +9.15% |
| 2011-12-31 | $5.81 Billion | $1.50 Billion | 0.258x | -7.08% |
| 2010-12-31 | $6.05 Billion | $1.68 Billion | 0.278x | +7.34% |
| 2009-12-31 | $5.75 Billion | $1.49 Billion | 0.259x | -29.63% |
| 2008-12-31 | $4.22 Billion | $1.55 Billion | 0.368x | +1.28% |
| 2007-12-31 | $4.94 Billion | $1.79 Billion | 0.363x | +22.72% |
| 2006-12-31 | $6.85 Billion | $2.02 Billion | 0.296x | -9.43% |
| 2005-12-31 | $6.11 Billion | $1.99 Billion | 0.326x | -36.78% |
| 2004-12-31 | $5.16 Billion | $2.66 Billion | 0.516x | +6.61% |
| 2003-12-31 | $5.03 Billion | $2.44 Billion | 0.484x | -4.54% |
| 2002-12-31 | $3.77 Billion | $1.91 Billion | 0.507x | +33.61% |
| 2001-12-31 | $3.25 Billion | $1.23 Billion | 0.380x | +32.53% |
| 2000-12-31 | $2.87 Billion | $822.40 Million | 0.287x | +1.78% |
| 1999-12-31 | $2.75 Billion | $775.10 Million | 0.282x | +16.50% |
| 1998-12-31 | $2.56 Billion | $618.00 Million | 0.242x | -29.74% |
| 1997-12-31 | $2.14 Billion | $734.70 Million | 0.344x | -11.56% |
| 1996-12-31 | $1.68 Billion | $652.20 Million | 0.389x | +8.18% |
| 1995-12-31 | $1.48 Billion | $530.60 Million | 0.360x | -8.23% |
| 1994-12-31 | $1.15 Billion | $451.30 Million | 0.392x | +20.85% |
| 1993-12-31 | $997.90 Million | $323.50 Million | 0.324x | +35.40% |
| 1992-12-31 | $629.00 Million | $150.60 Million | 0.239x | -41.50% |
| 1991-12-31 | $465.70 Million | $190.60 Million | 0.409x | +331.56% |
| 1990-12-31 | $408.50 Million | $-72.20 Million | -0.177x | -139.85% |
| 1989-12-31 | $435.20 Million | $193.00 Million | 0.443x | -- |
About Progressive Corp
The Progressive Corporation operates as an insurance company in the United States. The company writes insurance for personal autos and special lines products, including motorcycles, RVs, and watercraft; and personal residential property insurance for homeowners and renters. It also writes auto-related liability and physical damage insurance for comprising dump trucks, log trucks, garbage trucks, … Read more