PGR
The Progressive Corporation
Stock
$210.31−0.65 (−0.31%)Close Oct 2, 2026
Cash flow statement
| Line | Last 12 months | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $16.3B | $17.5B | $15.1B | $10.6B | $6.8B | $7.8B | $6.9B | $6.3B | $6.3B | $3.8B | $2.7B | $2.3B | $1.7B | $1.9B | $1.7B | $1.5B | $1.7B | $1.5B | $1.5B | $1.8B |
| Capital expenditures | $388M | $348M | $285M | $252M | $292M | $244M | $224M | $364M | $266M | $156M | $215M | $131M | $108M | $140M | $128M | $79M | $65M | $67M | $99M | $136M |
| Free cash flow | $16.0B | $17.2B | $14.8B | $10.4B | $6.6B | $7.5B | $6.7B | $5.9B | $6.0B | $3.6B | $2.5B | $2.2B | $1.6B | $1.8B | $1.6B | $1.4B | $1.6B | $1.4B | $1.5B | $1.7B |
| Stock-based compensation | — | $132M | $122M | $121M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Buybacks | — | — | — | — | — | — | — | — | — | — | $193M | $209M | $271M | $273M | $174M | $998M | $259M | $181M | $179M | $1.5B |
| Dividends paid | $8.1B | $2.9B | $674M | $234M | $234M | $3.7B | $1.6B | $1.6B | $655M | $395M | $519M | $404M | $893M | $176M | $854M | $264M | $764M | $0 | $98M | $1.4B |
| Dividends per share | $13.90 | $13.90 | $4.90 | $1.15 | $0.40 | $1.90 | $4.90 | $2.65 | $2.51 | $1.12 | $0.68 | — | — | — | — | — | — | — | — | — |
| Free cash flow margin | 17.5% | 19.6% | 19.7% | 16.7% | 13.2% | 15.8% | 15.7% | 15.1% | 18.8% | 13.4% | 10.7% | 10.4% | 8.3% | 9.7% | 9.2% | 9.0% | 10.6% | 9.8% | 11.3% | 11.3% |