Progressive Corp (PGR) — Cash Flow Reinvestment Rate
Progressive Corp (PGR) has a Cash Flow Reinvestment Rate of 0.85x as of June 2026, reinvesting $3.07 Billion (capex $138.00 Million plus investments $-2.93 Billion) from operating cash flow of $3.61 Billion. See Progressive Corp free cash flow ratio to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Progressive Corp Cash Flow Reinvestment Rate (1989–2025)
Historical reinvestment intensity for Progressive Corp across 36 annual periods. For the full cash flow conversion analysis, see cash flow conversion of Progressive Corp.
Annual Cash Flow Reinvestment Rate for Progressive Corp (1989–2025)
Year-by-year capital reinvestment analysis for Progressive Corp. See PGR financial flexibility score to measure the company's free cash flow as a share of total liabilities.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.84x | $14.68 Billion | $17.55 Billion | $348.00 Million | ▼ -9.9% |
| 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 | — |