Progressive Corp Financial Flexibility Index
Progressive Corp financial flexibility index. Progressive Corp (PGR) has a Financial Flexibility Index of 0.04x as of June 2026. Free cash flow of $3.75 Billion (operating CF $3.61 Billion minus capex $138.00 Million) represents 0% of total liabilities ($90.59 Billion). See PGR FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Financial Flexibility Index of Progressive Corp (1989–2025)
Financial flexibility index of Progressive Corp from 1989 to 2025. Historical Financial Flexibility Index trend for Progressive Corp across 37 annual periods. Check how high is Progressive Corp's earnings quality to evaluate the quality of earnings relative to operating cash generation.
Progressive Corp Financial Flexibility Index by Year (1989–2025)
Progressive Corp financial flexibility index by year from 1989 to 2025. Year-by-year free cash flow to debt coverage for Progressive Corp. For the full cash flow conversion analysis, see Progressive Corp cash conversion from operations.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.19x | $17.90 Billion | $17.55 Billion | $92.72 Billion | ▲ +0.4% |
| 2024 | 0.19x | $15.40 Billion | $15.12 Billion | $80.15 Billion | ▲ +20.7% |
| 2023 | 0.16x | $10.90 Billion | $10.64 Billion | $68.41 Billion | ▲ +32.9% |
| 2022 | 0.12x | $7.14 Billion | $6.85 Billion | $59.57 Billion | ▼ -20.8% |
| 2021 | 0.15x | $8.01 Billion | $7.76 Billion | $52.90 Billion | ▼ -0.1% |
| 2020 | 0.15x | $7.13 Billion | $6.91 Billion | $47.06 Billion | ▼ -5.7% |
| 2019 | 0.16x | $6.63 Billion | $6.26 Billion | $41.22 Billion | ▼ -12.3% |
| 2018 | 0.18x | $6.55 Billion | $6.28 Billion | $35.75 Billion | ▲ +37.8% |
| 2017 | 0.13x | $3.91 Billion | $3.76 Billion | $29.42 Billion | ▲ +16.1% |
| 2016 | 0.11x | $2.92 Billion | $2.70 Billion | $25.47 Billion | ▲ +6.5% |
| 2015 | 0.11x | $2.42 Billion | $2.29 Billion | $22.53 Billion | ▲ +10.6% |
| 2014 | 0.10x | $1.83 Billion | $1.73 Billion | $18.86 Billion | ▼ -13.2% |
| 2013 | 0.11x | $2.04 Billion | $1.90 Billion | $18.22 Billion | ▲ +2.7% |
| 2012 | 0.11x | $1.82 Billion | $1.69 Billion | $16.69 Billion | ▲ +10.9% |
| 2011 | 0.10x | $1.58 Billion | $1.50 Billion | $16.04 Billion | ▼ -14.9% |
| 2010 | 0.12x | $1.74 Billion | $1.68 Billion | $15.10 Billion | ▲ +6.3% |
| 2009 | 0.11x | $1.55 Billion | $1.49 Billion | $14.30 Billion | ▼ -7.5% |
| 2008 | 0.12x | $1.65 Billion | $1.55 Billion | $14.04 Billion | ▼ -15.3% |
| 2007 | 0.14x | $1.93 Billion | $1.79 Billion | $13.91 Billion | ▼ -25.8% |
| 2006 | 0.19x | $2.36 Billion | $2.02 Billion | $12.64 Billion | ▲ +7.9% |
| 2005 | 0.17x | $2.21 Billion | $1.99 Billion | $12.79 Billion | ▼ -27.1% |
| 2004 | 0.24x | $2.85 Billion | $2.66 Billion | $12.03 Billion | ▲ +2.4% |
| 2003 | 0.23x | $2.61 Billion | $2.44 Billion | $11.25 Billion | ▲ +13.4% |
| 2002 | 0.20x | $2.00 Billion | $1.91 Billion | $9.80 Billion | ▲ +22.8% |
| 2001 | 0.17x | $1.31 Billion | $1.23 Billion | $7.87 Billion | ▲ +25.4% |
| 2000 | 0.13x | $952.70 Million | $822.40 Million | $7.18 Billion | ▼ 0.0% |
| 1999 | 0.13x | $922.60 Million | $775.10 Million | $6.95 Billion | ▼ -1.1% |
| 1998 | 0.13x | $792.20 Million | $618.00 Million | $5.91 Billion | ▼ -15.1% |
| 1997 | 0.16x | $856.60 Million | $734.70 Million | $5.42 Billion | ▲ +3.5% |
| 1996 | 0.15x | $688.00 Million | $652.20 Million | $4.51 Billion | ▲ +4.0% |
| 1995 | 0.15x | $568.90 Million | $530.60 Million | $3.88 Billion | ▲ +1.5% |
| 1994 | 0.14x | $509.50 Million | $451.30 Million | $3.52 Billion | ▲ +13.6% |
| 1993 | 0.13x | $383.50 Million | $323.50 Million | $3.01 Billion | ▲ +85.9% |
| 1992 | 0.07x | $162.70 Million | $150.60 Million | $2.38 Billion | ▼ -27.0% |
| 1991 | 0.09x | $235.70 Million | $190.60 Million | $2.51 Billion | ▲ +188.0% |
| 1990 | -0.11x | $-72.20 Million | $-72.20 Million | $677.70 Million | ▼ -212.3% |
| 1989 | 0.09x | $209.90 Million | $193.00 Million | $2.21 Billion | — |