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The Progressive Corporation (PGR)
NYSE: PGR · Real-Time Price · USD
219.52
+3.76 (1.74%)
At close: Jul 28, 2026, 4:00 PM EDT
223.52
+4.00 (1.82%)
After-hours: Jul 28, 2026, 7:47 PM EDT

PGR Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Quarter
Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021Q2 2021
Period Ending
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 Jun '21
Net Income
2,8182,9512,6153,1752,5672,3562,3341,4592,3311,9881,121345.4447.9826.9124.1-542.9313.9962.3118.5790.1
Depreciation & Amortization
7583817970767068707371.472.66878.583.38485.790.489.180.8
Stock-Based Compensation
164242-163638311734.342.927.915.953.32626.417.3322626.9
Other Adjustments
76-286-320-42319462-293115-165-241.7163.7-137.7-60.340.3192.11,179475.6-391.8-6.2-429.8
Changes in Receivables
-2,2521,157-113405-2,442766-590-352-2,235450.1-134.7138.1-1,995451.2-305.9-42.8-1,120847.2-810.5-124.8
Changes in Reinsurance Contract Assets
7942138295359-96741131222.6193.6126241.8546.2-1,24954.6-42267.9-369.6-58.6
Changes in Deferred Acquisition Costs
-87120-54-42-10771-94-120-13144.7-46.5-58.8-82.440.6-86.8-90.7-52.175.1-70.1-51.5
Changes in Accounts Payable
-788-5231,529-334-365543600458-389.1329.1194.5565.5-347.5110-108.6545.1-633.3315.2337.7
Changes in Unearned Premiums
2,674-1,603487-2772,754-9141,0917742,773-628.1691.6225.82,551-503.1522.1283.41,376-1,0561,116443.1
Changes in Claims Reserves
1,0671,2059511,3327659951,4571,7744428128241,727667.1-272.72,8201,058590.1241.12,0311,683
Changes in Income Taxes Payable
830-6235-6679-25-951609107.4234.7-267.7106.676.6-214.4-453.476.270.2-75.2-364.8
Changes in Other Operating Activities
-14144-196--34-75.911-172-65-96.6-71.6-56-76.8-65.35.8-281.6236.4-53.47.8-8.3
Operating Cash Flow
4,3673,1705,1954,5445,1433,0084,6093,2674,2352,4373,4202,3372,450929.82,0271,3902,502452.12,3712,324
Operating Cash Flow Growth (YoY)
-15.09%5.39%12.71%39.09%21.44%23.43%34.79%39.80%72.89%162.10%68.67%68.18%-2.11%105.66%-14.50%-40.20%-4.29%-70.78%60.25%3.16%

Investing Activities

Fiscal Quarter
Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021Q2 2021
Period Ending
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 Jun '21
Capital Expenditures
-63-121-66-102-59-110-57-68-50-82.1-36.3-90.4-43.2-47-108.3-63.7-73-55.2-89.8-48
Sale of Property, Plant & Equipment
14101839131220423126.224.54.3194.45.16.53.151.64
Purchases of Investments
-19,348-14,757-8,614-9,031-17,410-12,000-11,382-11,244-13,320-6,884-6,587-6,255-6,137-7,869-4,376-2,896-11,528-8,329-6,907-8,163
Proceeds from Sale of Investments
13,87220,5492,7914,51316,9079,3526,6227,3419,7024,7973,6282,1753,4815,6132,2256,0117,1668,9464,7785,617
Other Investing Activities
8,162-8,780824541-1,792-196377666541-188.7-362.61,2784181,289473.2-4,434625.7-109.9609.9659.2
Investing Cash Flow
2,637-3,099-5,047-4,040-2,341-2,942-4,420-3,263-3,124-2,346-3,352-2,867-2,277-994.9-1,782-1,377-3,803455.3-1,557-2,243

Financing Activities

Fiscal Quarter
Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021Q2 2021
Period Ending
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 Jun '21
Long-Term Debt Issued
1,487---0-----0.30--0001,486000
Net Long-Term Debt Issued (Repaid)
1,487---0-----0.30--0001,486000
Repurchase of Common Stock
-478-59-40-13-540-86-1-37-61.2-39.7-0.3-32.7-20.4-49.1-0.8-28.7-55.8-71.8-10.6
Net Common Stock Issued (Repurchased)
-478-59-40-13-540-86-1-37-61.2-39.7-0.3-32.7-20.4-49.1-0.8-28.7-55.8-71.8-10.6
Repurchase of Preferred Stock
-00--000-5000000-------
Net Preferred Stock Issued (Repurchased)
-00--000-5000000-------
Common Dividends Paid
-7,972-59-58-59-2,695-59-58-59-498-58.5-58.5-58.5-58.5-58.5-58.5-58.5-58.5-935-58.5-58.5
Preferred Share Dividends Paid
-00--000-8-9.8-10.3-9.5-13.4-0.2-13.40-13.40-13.40
Financing Cash Flow
-6,963-118-98-72-2,749-59-144-70-1,043-129.8-108.5420.9-104.6-79.1-121-59.31,385-990.8-643.7-89.1

Net Cash Flow

Fiscal Quarter
Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021Q2 2021
Period Ending
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 Jun '21
Net Cash Flow
41-4750-7253745-66.268-38.5-41.1-109.167.7-144.2124.8-46.885.2-83.4170.9-8.6

Free Cash Flow

Fiscal Quarter
Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021Q2 2021
Period Ending
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 Jun '21
Free Cash Flow
4,3043,0495,1294,4425,0842,8984,5523,1994,1852,3553,3832,2472,406882.81,9191,3262,429396.92,2812,276
Free Cash Flow Growth (YoY)
-15.34%5.21%12.68%38.86%21.48%23.06%34.55%42.39%73.92%166.75%76.30%69.44%-0.95%122.42%-15.88%-41.74%-5.25%-73.54%61.34%3.24%
FCF Margin
19.40%13.40%22.78%20.19%24.91%14.29%23.08%17.64%24.27%13.94%21.74%14.63%16.82%6.55%15.02%11.51%20.52%3.18%19.24%19.12%
Free Cash Flow Per Share
7.335.188.727.568.654.937.755.457.134.015.763.834.101.503.272.264.140.683.893.88
Levered Free Cash Flow
6,8849314,5693,1286,5511,0383,9401,6316,1091,2292,477481.93,771599-819.7-1,1263,945-338.41,0351,114
Unlevered Free Cash Flow
5,452986.34,6243,1836,6071,0943,9951,6856,1821,2952,543543.483,829657.2-758.05-1,0652,509-290.361,0881,165
SEC Filings: 10-K · 10-Q