Progressive Corp Cash Flow Quality Index
Progressive Corp cash flow quality index. Progressive Corp (PGR) has a Cash Flow Quality Index of 1.09x as of June 2026. Operating cash flow of $3.61 Billion exceeds net income of $3.31 Billion, indicating high earnings quality where cash backs reported profits. See Progressive Corp free cash flow to debt ratio to measure the company's free cash flow as a share of total liabilities.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Cash Flow Quality Index of Progressive Corp (1989–2025)
Cash flow quality index of Progressive Corp from 1989 to 2025. Historical Cash Flow Quality Index for Progressive Corp across 36 annual periods. Values consistently above 1.0x indicate high-quality earnings. Explore Progressive Corp (PGR) debt coverage ratio to assess how comfortably operating cash covers total debt obligations.
Progressive Corp Cash Flow Quality Index by Year (1989–2025)
Progressive Corp cash flow quality index by year from 1989 to 2025. Year-by-year earnings quality comparison for Progressive Corp. For the full cash flow conversion analysis, see PGR cash flow conversion.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.55x | $17.55 Billion | $11.31 Billion | ▼ -13.0% |
| 2024 | 1.78x | $15.12 Billion | $8.48 Billion | ▼ -34.6% |
| 2023 | 2.73x | $10.64 Billion | $3.90 Billion | ▼ -71.3% |
| 2022 | 9.49x | $6.85 Billion | $721.50 Million | ▲ +309.8% |
| 2021 | 2.32x | $7.76 Billion | $3.35 Billion | ▲ +91.3% |
| 2020 | 1.21x | $6.91 Billion | $5.70 Billion | ▼ -23.1% |
| 2019 | 1.57x | $6.26 Billion | $3.98 Billion | ▼ -34.4% |
| 2018 | 2.40x | $6.28 Billion | $2.62 Billion | ▲ +2.0% |
| 2017 | 2.35x | $3.76 Billion | $1.60 Billion | ▼ -8.0% |
| 2016 | 2.56x | $2.70 Billion | $1.06 Billion | ▲ +45.0% |
| 2015 | 1.76x | $2.29 Billion | $1.30 Billion | ▲ +30.9% |
| 2014 | 1.35x | $1.73 Billion | $1.28 Billion | ▼ -17.4% |
| 2013 | 1.63x | $1.90 Billion | $1.17 Billion | ▼ -13.0% |
| 2012 | 1.87x | $1.69 Billion | $902.30 Million | ▲ +27.1% |
| 2011 | 1.48x | $1.50 Billion | $1.02 Billion | ▼ -6.2% |
| 2010 | 1.57x | $1.68 Billion | $1.07 Billion | ▲ +11.8% |
| 2009 | 1.41x | $1.49 Billion | $1.06 Billion | ▼ -7.1% |
| 2007 | 1.51x | $1.79 Billion | $1.18 Billion | ▲ +23.3% |
| 2006 | 1.23x | $2.02 Billion | $1.65 Billion | ▼ -14.1% |
| 2005 | 1.43x | $1.99 Billion | $1.39 Billion | ▼ -11.4% |
| 2004 | 1.61x | $2.66 Billion | $1.65 Billion | ▼ -16.8% |
| 2003 | 1.94x | $2.44 Billion | $1.26 Billion | ▼ -32.3% |
| 2002 | 2.87x | $1.91 Billion | $667.30 Million | ▼ -4.5% |
| 2001 | 3.00x | $1.23 Billion | $411.40 Million | ▼ -83.2% |
| 2000 | 17.84x | $822.40 Million | $46.10 Million | ▲ +579.4% |
| 1999 | 2.63x | $775.10 Million | $295.20 Million | ▲ +94.0% |
| 1998 | 1.35x | $618.00 Million | $456.70 Million | ▼ -26.3% |
| 1997 | 1.84x | $734.70 Million | $400.00 Million | ▼ -11.7% |
| 1996 | 2.08x | $652.20 Million | $313.70 Million | ▼ -1.8% |
| 1995 | 2.12x | $530.60 Million | $250.50 Million | ▲ +28.7% |
| 1994 | 1.65x | $451.30 Million | $274.30 Million | ▲ +35.9% |
| 1993 | 1.21x | $323.50 Million | $267.30 Million | ▲ +12.2% |
| 1992 | 1.08x | $150.60 Million | $139.60 Million | ▼ -81.4% |
| 1991 | 5.79x | $190.60 Million | $32.90 Million | ▲ +849.4% |
| 1990 | -0.77x | $-72.20 Million | $93.40 Million | ▼ -131.2% |
| 1989 | 2.47x | $193.00 Million | $78.00 Million | — |