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). See PGR working capital efficiency to evaluate short-term liquidity relative to the company's equity base.
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 Progressive Corp (PGR) cash flow to debt to assess how comfortably operating cash covers total debt obligations.
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 market value of Progressive Corp.
| 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 | — |