Progressive Corp (PGR) — 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. Explore Progressive Corp (PGR) cash flow to debt to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Progressive Corp Cash Flow Quality Index (1989–2025)
Historical Cash Flow Quality Index for Progressive Corp across 36 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see cash flow conversion of Progressive Corp.
Annual Cash Flow Quality Index for Progressive Corp (1989–2025)
Year-by-year earnings quality comparison for Progressive Corp.
| 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 | — |