Progressive Corp (PGR) — Cash Flow Quality Index
Progressive Corp (PGR) has a Cash Flow Quality Index of 1.99x as of September 2025. Operating cash flow of $5.20 Billion exceeds net income of $2.62 Billion, indicating high earnings quality where cash backs reported profits. Explore Progressive Corp operating cash flow efficiency to assess how effectively this company generates cash.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Progressive Corp Cash Flow Quality Index (1989–2024)
Historical Cash Flow Quality Index for Progressive Corp across 35 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check total reinvestment intensity of Progressive Corp to assess the company's total reinvestment commitment from operating cash flow.
Annual Cash Flow Quality Index for Progressive Corp (1989–2024)
Year-by-year earnings quality comparison for Progressive Corp. For live market cap and the full company financial profile, see Progressive Corp (PGR) total market value.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 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 | — |