Progressive Corp (PGR) — Free Cash Flow Generation Index
Progressive Corp (PGR) has a Free Cash Flow Generation Index of 0.99x as of September 2025. Free cash flow of $5.13 Billion represents 1% of operating cash flow ($5.20 Billion). Read total liabilities of Progressive Corp for a breakdown of total debt and financial obligations.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Progressive Corp Free Cash Flow Generation Index (1989–2024)
Historical FCF Generation Index trend for Progressive Corp across 35 annual periods. Explore reinvestment intensity of Progressive Corp to see what proportion of operating cash flow is directed to capital expenditures.
Annual Free Cash Flow Generation for Progressive Corp (1989–2024)
Year-by-year Free Cash Flow Generation Index for Progressive Corp. For the full company profile including market capitalisation, see Progressive Corp market cap and net worth.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2024 | 0.98x | $14.83 Billion | $15.12 Billion | $285.00 Million | ▲ +0.5% |
| 2023 | 0.98x | $10.39 Billion | $10.64 Billion | $252.00 Million | ▲ +2.0% |
| 2022 | 0.96x | $6.56 Billion | $6.85 Billion | $292.00 Million | ▼ -1.2% |
| 2021 | 0.97x | $7.52 Billion | $7.76 Billion | $243.50 Million | ▲ +0.1% |
| 2020 | 0.97x | $6.68 Billion | $6.91 Billion | $223.50 Million | ▲ +2.7% |
| 2019 | 0.94x | $5.90 Billion | $6.26 Billion | $363.50 Million | ▼ -1.6% |
| 2018 | 0.96x | $6.02 Billion | $6.28 Billion | $266.00 Million | ▼ -0.1% |
| 2017 | 0.96x | $3.60 Billion | $3.76 Billion | $155.70 Million | ▲ +4.1% |
| 2016 | 0.92x | $2.49 Billion | $2.70 Billion | $215.00 Million | ▼ -2.4% |
| 2015 | 0.94x | $2.16 Billion | $2.29 Billion | $130.70 Million | ▲ +0.6% |
| 2014 | 0.94x | $1.62 Billion | $1.73 Billion | $108.10 Million | ▲ +1.2% |
| 2013 | 0.93x | $1.76 Billion | $1.90 Billion | $140.40 Million | ▲ +0.2% |
| 2012 | 0.92x | $1.56 Billion | $1.69 Billion | $127.70 Million | ▼ -2.4% |
| 2011 | 0.95x | $1.42 Billion | $1.50 Billion | $78.90 Million | ▼ -1.5% |
| 2010 | 0.96x | $1.61 Billion | $1.68 Billion | $64.70 Million | ▲ +0.7% |
| 2009 | 0.96x | $1.42 Billion | $1.49 Billion | $66.60 Million | ▲ +2.0% |
| 2008 | 0.94x | $1.45 Billion | $1.55 Billion | $98.50 Million | ▲ +1.4% |
| 2007 | 0.92x | $1.65 Billion | $1.79 Billion | $136.30 Million | ▲ +10.7% |
| 2006 | 0.83x | $1.69 Billion | $2.02 Billion | $334.30 Million | ▼ -6.2% |
| 2005 | 0.89x | $1.77 Billion | $1.99 Billion | $219.30 Million | ▼ -4.1% |
| 2004 | 0.93x | $2.47 Billion | $2.66 Billion | $192.00 Million | ▼ -0.2% |
| 2003 | 0.93x | $2.27 Billion | $2.44 Billion | $171.10 Million | ▼ -2.4% |
| 2002 | 0.95x | $1.82 Billion | $1.91 Billion | $89.90 Million | ▲ +1.5% |
| 2001 | 0.94x | $1.16 Billion | $1.23 Billion | $74.90 Million | ▲ +11.6% |
| 2000 | 0.84x | $692.10 Million | $822.40 Million | $130.30 Million | ▲ +3.9% |
| 1999 | 0.81x | $627.60 Million | $775.10 Million | $147.50 Million | ▲ +12.8% |
| 1998 | 0.72x | $443.80 Million | $618.00 Million | $174.20 Million | ▼ -13.9% |
| 1997 | 0.83x | $612.80 Million | $734.70 Million | $121.90 Million | ▼ -11.7% |
| 1996 | 0.95x | $616.40 Million | $652.20 Million | $35.80 Million | ▲ +1.9% |
| 1995 | 0.93x | $492.30 Million | $530.60 Million | $38.30 Million | ▲ +6.5% |
| 1994 | 0.87x | $393.10 Million | $451.30 Million | $58.20 Million | ▲ +6.9% |
| 1993 | 0.81x | $263.50 Million | $323.50 Million | $60.00 Million | ▼ -11.4% |
| 1992 | 0.92x | $138.50 Million | $150.60 Million | $12.10 Million | ▲ +20.5% |
| 1991 | 0.76x | $145.50 Million | $190.60 Million | $45.10 Million | ▼ -16.3% |
| 1989 | 0.91x | $176.10 Million | $193.00 Million | $16.90 Million | — |