Progressive Corp (PGR) — Cash Flow Reinvestment Rate
Progressive Corp (PGR) has a Cash Flow Reinvestment Rate of 0.98x as of September 2025, reinvesting $5.11 Billion (capex $66.00 Million plus investments $-5.05 Billion) from operating cash flow of $5.20 Billion. Explore Progressive Corp capex to cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Progressive Corp Cash Flow Reinvestment Rate (1989–2024)
Historical reinvestment intensity for Progressive Corp across 35 annual periods. Also explore how large is Progressive Corp's balance sheet for the complete picture of this company's asset base.
Annual Cash Flow Reinvestment Rate for Progressive Corp (1989–2024)
Year-by-year capital reinvestment analysis for Progressive Corp. For live market cap and broader valuation context, see Progressive Corp stock valuation.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2024 | 0.93x | $14.03 Billion | $15.12 Billion | $285.00 Million | ▲ +1.4% |
| 2023 | 0.92x | $9.74 Billion | $10.64 Billion | $252.00 Million | ▼ -24.0% |
| 2022 | 1.20x | $8.25 Billion | $6.85 Billion | $292.00 Million | ▲ +220.0% |
| 2021 | 0.38x | $2.92 Billion | $7.76 Billion | $243.50 Million | ▼ -58.4% |
| 2020 | 0.91x | $6.25 Billion | $6.91 Billion | $223.50 Million | ▲ +27.7% |
| 2019 | 0.71x | $4.44 Billion | $6.26 Billion | $363.50 Million | ▼ -37.0% |
| 2018 | 1.13x | $7.07 Billion | $6.28 Billion | $266.00 Million | ▲ +22.4% |
| 2017 | 0.92x | $3.45 Billion | $3.76 Billion | $155.70 Million | ▲ +0.5% |
| 2016 | 0.91x | $2.47 Billion | $2.70 Billion | $215.00 Million | ▲ +77.5% |
| 2015 | 0.52x | $1.18 Billion | $2.29 Billion | $130.70 Million | ▲ +3.7% |
| 2014 | 0.50x | $857.10 Million | $1.73 Billion | $108.10 Million | ▼ -31.7% |
| 2013 | 0.73x | $1.38 Billion | $1.90 Billion | $140.40 Million | ▲ +332.1% |
| 2012 | 0.17x | $284.70 Million | $1.69 Billion | $127.70 Million | ▼ -66.3% |
| 2011 | 0.50x | $747.90 Million | $1.50 Billion | $78.90 Million | ▲ +69.6% |
| 2010 | 0.29x | $494.50 Million | $1.68 Billion | $64.70 Million | ▼ -63.4% |
| 2009 | 0.80x | $1.20 Billion | $1.49 Billion | $66.60 Million | ▲ +1165.3% |
| 2008 | 0.06x | $98.50 Million | $1.55 Billion | $98.50 Million | ▼ -16.5% |
| 2007 | 0.08x | $136.30 Million | $1.79 Billion | $136.30 Million | ▼ -53.9% |
| 2006 | 0.17x | $334.30 Million | $2.02 Billion | $334.30 Million | ▲ +50.1% |
| 2005 | 0.11x | $219.30 Million | $1.99 Billion | $219.30 Million | ▲ +52.5% |
| 2004 | 0.07x | $192.00 Million | $2.66 Billion | $192.00 Million | ▲ +2.7% |
| 2003 | 0.07x | $171.10 Million | $2.44 Billion | $171.10 Million | ▲ +49.3% |
| 2002 | 0.05x | $89.90 Million | $1.91 Billion | $89.90 Million | ▼ -22.5% |
| 2001 | 0.06x | $74.90 Million | $1.23 Billion | $74.90 Million | ▼ -61.7% |
| 2000 | 0.16x | $130.30 Million | $822.40 Million | $130.30 Million | ▼ -16.7% |
| 1999 | 0.19x | $147.50 Million | $775.10 Million | $147.50 Million | ▼ -32.5% |
| 1998 | 0.28x | $174.20 Million | $618.00 Million | $174.20 Million | ▲ +69.9% |
| 1997 | 0.17x | $121.90 Million | $734.70 Million | $121.90 Million | ▲ +202.3% |
| 1996 | 0.05x | $35.80 Million | $652.20 Million | $35.80 Million | ▼ -24.0% |
| 1995 | 0.07x | $38.30 Million | $530.60 Million | $38.30 Million | ▼ -44.0% |
| 1994 | 0.13x | $58.20 Million | $451.30 Million | $58.20 Million | ▼ -30.5% |
| 1993 | 0.19x | $60.00 Million | $323.50 Million | $60.00 Million | ▲ +130.8% |
| 1992 | 0.08x | $12.10 Million | $150.60 Million | $12.10 Million | ▼ -66.0% |
| 1991 | 0.24x | $45.10 Million | $190.60 Million | $45.10 Million | ▲ +170.2% |
| 1989 | 0.09x | $16.90 Million | $193.00 Million | $16.90 Million | — |