Progressive Corp (PGR) — Free Cash Flow Generation Index
Progressive Corp (PGR) has a Free Cash Flow Generation Index of 0.96x as of June 2026. Free cash flow of $3.47 Billion represents 1% of operating cash flow ($3.61 Billion). Explore capital reinvestment ratio of Progressive Corp to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Progressive Corp Free Cash Flow Generation Index (1989–2025)
Historical FCF Generation Index trend for Progressive Corp across 36 annual periods. For the full cash flow conversion analysis, see Progressive Corp cash flow conversion.
Annual Free Cash Flow Generation for Progressive Corp (1989–2025)
Year-by-year Free Cash Flow Generation Index for Progressive Corp. Check Progressive Corp (PGR) total reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.98x | $17.20 Billion | $17.55 Billion | $348.00 Million | ▼ -0.1% |
| 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 | — |