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The Progressive Corporation (PGR)
NYSE: PGR · Real-Time Price · USD
216.29
-0.70 (-0.32%)
At close: Sep 17, 2026, 4:00 PM EDT
217.73
+1.44 (0.66%)
After-hours: Sep 17, 2026, 7:30 PM EDT

PGR Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Net Income
3,3112,8182,9512,6153,1752,5672,3562,3341,4592,3311,9881,121345.4447.9826.4124.1-542.9313.9962.3118.5
Depreciation & Amortization
827583817970767068707371.472.66883.683.38485.790.489.1
Gain (Loss) on Sale of Assets
-13141-2315-11-21316.8-10.316.5-5.93.3-1.33.30.4-4.5
Gain (Loss) on Sale of Investments
-63673-300-321-42119147-292114-163-254.7146.9-127.4-76.846188.81,180472.3-392.2-1.7
Stock-Based Compensation
3616424232163638311734.342.927.915.9532626.417.33226
Change in Accounts Receivable
508-2,2521,157-113405-2,442766-590-352-2,235450.1-134.7138.1-1,995450.8-305.9-42.8-1,120847.2-810.5
Reinsurance Recoverable
84802490252316116-12291237.1185.799.3215.9474.7-1,34663.8-44.564.4-335.8
Change in Accounts Payable
216-788-5231,529216334-365543600458-389.1329.1194.5565.5-347110-108.6545.1-633.3315.2
Change in Unearned Revenue
-4922,674-1,603487-2772,754-9141,0917742,773-628.1691.6225.82,551-503.3522.1283.41,376-1,0561,116
Change in Income Taxes
-589830-6235-8406679-25-951609107.4234.7-267.7106.676.3-214.4-453.476.270.2-75.2
Change in Insurance Reserves / Liabilities
1,1901,0671,2059511,3327659951,4571,7744428128241,727667.1-272.52,8201,058590.1241.12,031
Change in Other Net Operating Assets
-22-14262-1481319-20078-253-25-51.1-63.7-29.3-50.96.7102.6-290.8238.9150.1-26
Operating Cash Flow
3,6074,3673,1705,1954,0405,1433,0084,6093,2674,2352,4373,4202,3372,450929.62,0271,3902,502452.12,371
Operating Cash Flow Growth (YoY)
-10.72%-15.09%5.39%12.71%23.66%21.44%23.43%34.79%39.80%72.89%162.16%68.67%68.18%-2.11%105.62%-14.50%-40.20%-4.29%-70.78%60.25%

Investing Activities

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Capital Expenditures
-138-63-121-66-102-59-110-57-68-50-82.1-36.3-90.4-43.2-47-108.3-63.7-73-55.2-89.8
Sale of Property, Plant & Equipment
2114101839131220423126.224.54.319.14.45.16.53.151.6
Investment in Securities
-2,9292,443-2,665-5,219-3,983-2,467-2,501-4,777-3,295-3,139-2,063-3,241-3,026-2,296-858.1-1,752-962.5-3,949763.7-1,506
Other Investing Activities
125243-3232206172-3433945862-212.7-80.7225.257.2-109.174.7-356212.6-256.3-12.4
Investing Cash Flow
-2,9212,637-3,099-5,047-4,040-2,341-2,942-4,420-3,263-3,124-2,346-3,352-2,867-2,277-995.1-1,782-1,377-3,803455.3-1,557

Financing Activities

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Long-Term Debt Issued
-1,487---------------1,486--
Total Debt Issued
-1,487---------0.3-496.3----1,486--
Total Debt Repaid
--------------------500
Net Debt Issued (Repaid)
-1,487---------0.3-496.3----1,486--500
Repurchases of Common Stock
-614-478-59-40-13-54--86-11-37-61.2-39.7-7.4-32.7-20.4-49.1-0.8-28.7-55.8-71.8
Repurchases of Preferred Stock
----------500----------
Common Dividends Paid
-58-7,972-59-58-59-2,695-59-58-59-498-58.5-58.5-58.5-58.5-58.5-58.5-58.5-58.5-935-58.5
Preferred Dividends Paid
----------8-9.8-10.3-9.5-13.4--13.4--13.4--13.4
Total Dividends Paid
-58-7,972-59-58-59-2,695-59-58-59-506-68.3-68.8-68-71.9-58.5-71.9-58.5-71.9-935-71.9
Financing Cash Flow
-672-6,963-118-98-72-2,749-59-144-70-1,043-129.8-108.5420.9-104.6-78.9-121-59.31,385-990.8-643.7

Net Cash Flow

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Net Cash Flow
1441-4750-7253745-6668-38.5-41.1-109.167.7-144.4124.8-46.885.2-83.4170.9

Free Cash Flow

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Free Cash Flow
3,4694,3043,0495,1293,9385,0842,8984,5523,1994,1852,3553,3832,2472,406882.61,9191,3262,429396.92,281
Free Cash Flow Growth (YoY)
-11.91%-15.34%5.21%12.68%23.10%21.48%23.06%34.55%42.39%73.92%166.81%76.30%69.44%-0.95%122.37%-15.88%-41.74%-5.25%-73.54%61.34%
Free Cash Flow Margin
14.70%19.41%13.41%22.79%17.90%24.92%14.30%23.09%17.65%24.28%13.95%21.75%14.64%16.83%6.56%15.02%11.52%20.52%3.18%19.25%
Free Cash Flow Per Share
5.947.335.188.726.708.654.937.755.457.134.015.763.834.101.503.272.264.140.683.89
Levered Free Cash Flow
3,5163,8721,8885,7613,907202.55,1344,4043,5414,1792,3582,7763,4302,8791,9342,128-3,4532,679380.543,108
Unlevered Free Cash Flow
3,5713,9161,9315,8053,950246.255,1784,4483,5844,2232,4012,8203,4712,9191,9742,168-3,4142,713412.793,142

Additional Metrics

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Cash Interest Paid
5088508850885088508851.587.937.787.937.688.737.764.937.774.3
Cash Income Tax Paid
1,488-857946691,644-6006341,351-40854.2358.70.1123.1232.7363.2-172.995.4
Change in Working Capital
8151,3823802,7771,1772,2964782,4601,5941,9825832,0202,0291,978-73.51,602418.71,610-240.82,144
SEC Filings: 10-K · 10-Q