The Progressive Corporation
NYSE:PGR
279.32 (USD) • At close June 6, 2025
Overview | Financials
Numbers are in millions (except for per share data and ratios) USD.
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities: | ||||||||||||||||||||||||||||||||||||
| Net Income
| 8,480 | 3,902.4 | 721.5 | 3,350.9 | 5,704.6 | 3,980 | 2,621 | 1,598.1 | 1,057.2 | 1,300.5 | 1,281 | 1,165.4 | 902.3 | 1,015.5 | 1,068.3 | 1,057.5 | -70 | 1,182.9 | 1,648.4 | 1,393.9 | 1,648.7 | 1,255.4 | 667.3 | 411.4 | 46.1 | 295.2 | 456.7 | 400 | 313.7 | 250.5 | 274.3 | 267.3 | 139.6 | 32.9 | 93.4 | 78 |
| Depreciation & Amortization
| 284 | 299.7 | 336.6 | 337.4 | 331.8 | 306.1 | 262.4 | 236.1 | 199.5 | 150.5 | 97.1 | 101.3 | 94.4 | 88.5 | 129 | 127.6 | 133.6 | 417.5 | 356.6 | 315.7 | 292.1 | 100.3 | 83.9 | 81 | 77.6 | 71.8 | 56.1 | 36.6 | 23.8 | 20.4 | 19.3 | 16.1 | 24.3 | 28.4 | 0 | 17.4 |
| Deferred Income Tax
| 0 | 0 | 0 | 0 | 0 | 0 | -5.7 | 43.8 | 37.2 | -12.3 | -140.6 | -178.8 | -113 | 187.5 | 133 | -1.8 | -0 | 177.8 | 235.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock Based Compensation
| 122 | 121.3 | 122.7 | 100.7 | 89.4 | 90.2 | 77.2 | 95.4 | 85.2 | 66.2 | 51.4 | 64.9 | 63.4 | 2.1 | 2.4 | 1.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change In Working Capital
| 6,514 | 6,595.4 | 3,556.8 | 5,355.2 | 2,296.4 | 2,870.2 | 2,852.3 | 1,782.4 | 1,324.4 | 787.1 | 431.9 | 742.8 | 742.5 | 204.2 | 353 | 84.7 | -210.7 | 296.9 | 9.9 | 246.5 | 1,507.4 | 1,093.9 | 1,082.2 | 630.3 | 1,404.6 | 1,228.7 | 289.8 | 1,160.7 | 816.6 | 691.5 | 500.2 | 315.6 | 0.4 | 104.9 | -56.6 | 290.6 |
| Accounts Receivables
| -2,082 | 0 | -1,869 | -1,655.5 | -1,293.3 | -1,693 | -1,497.3 | -1,301.8 | -906.7 | -623.7 | -368.8 | -316.6 | -336.8 | -191.4 | -283.6 | -46.2 | -13.5 | 221.5 | -11.4 | -221.5 | -323 | -410.4 | -279 | 124.2 | 203.4 | -288.9 | 38.6 | -214.9 | -158.1 | -53.2 | -159.2 | -98.3 | 13.3 | -38.3 | -29.2 | -24.6 |
| Inventory
| 0 | 0 | 0 | 6,670.9 | 3,286.8 | 3,985.2 | 3,819.4 | 2,991.6 | 2,084.3 | 1,540.3 | 624.4 | 864.7 | 946.3 | 356.8 | 591.2 | 146.6 | -258.5 | 238.6 | 65.4 | 618.1 | 11,582.6 | 2.1 | 176.4 | 220.9 | 7,168.8 | 6,631 | 5,261.5 | 5,335.4 | 4,205.3 | 3,580.2 | 3,141 | 0 | 0 | 0 | 0 | 0 |
| Accounts Payables
| 1,236 | 12.5 | 199.5 | 399.7 | 328.9 | 611.6 | 746.6 | 400 | 308.9 | 37.9 | 92 | 165 | 123.6 | 4.5 | 7.3 | 12.5 | -0 | 95.5 | 71.7 | 651.3 | 992.8 | 1,478.2 | 1,419.2 | 435.2 | 465.4 | 789.6 | 118.7 | 688.2 | 500.4 | 365.5 | 365.4 | 245.8 | -11.9 | 50.4 | 0.9 | 151.9 |
| Other Working Capital
| 7,360 | 6,582.9 | 5,226.3 | -59.9 | -26 | -33.6 | -216.4 | -307.4 | -162.1 | -167.4 | 84.3 | 29.7 | 9.4 | 34.3 | 38.1 | -28.2 | 61.3 | -258.7 | -115.8 | -801.4 | -10,745 | 24 | -234.4 | -150 | -6,433 | -5,903 | -5,129 | -4,648 | -3,731 | -3,201 | -2,847 | 168.1 | -1 | 92.8 | -28.3 | 163.3 |
| Other Non Cash Items
| -281 | -275.5 | 2,111.2 | -1,382.5 | -1,516.6 | -984.9 | 477.6 | 1 | -1.6 | 0.9 | 4.8 | 4.3 | 1.8 | 0.1 | -6.4 | 217 | 1,696.3 | -284.1 | -225.6 | 37.9 | -785.7 | -12.7 | 78.6 | 111.9 | -705.9 | -820.6 | -184.6 | -862.6 | -501.9 | -431.8 | -342.5 | -275.5 | -13.7 | 24.4 | -109 | -193 |
| Operating Cash Flow
| 15,119 | 10,643.3 | 6,848.8 | 7,761.7 | 6,905.6 | 6,261.6 | 6,284.8 | 3,756.8 | 2,701.9 | 2,292.9 | 1,725.6 | 1,899.9 | 1,691.4 | 1,497.9 | 1,679.3 | 1,486.8 | 1,549.2 | 1,791 | 2,024.6 | 1,994 | 2,662.5 | 2,436.9 | 1,912 | 1,234.6 | 822.4 | 775.1 | 618 | 734.7 | 652.2 | 530.6 | 451.3 | 323.5 | 150.6 | 190.6 | -72.2 | 193 |
| Investing Activities: | ||||||||||||||||||||||||||||||||||||
| Investments In Property Plant And Equipment
| -285 | -252 | -292 | -243.5 | -223.5 | -363.5 | -266 | -155.7 | -215 | -130.7 | -108.1 | -140.4 | -127.7 | -78.9 | -64.7 | -66.6 | -98.5 | -136.3 | -334.3 | -219.3 | -192 | -171.1 | -89.9 | -74.9 | -130.3 | -147.5 | -174.2 | -121.9 | -35.8 | -38.3 | -58.2 | -60 | -12.1 | -45.1 | 0 | -16.9 |
| Acquisitions Net
| 0 | 0 | 35.1 | -313.2 | 21.9 | 53.3 | -296.9 | -18.1 | 6.2 | -765.3 | 5.9 | 3.7 | 3.8 | 0 | 0 | 0 | 0 | 2 | 15.4 | 36.1 | 0 | 0 | 0 | 0 | 0 | -9.9 | 0 | -48 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases Of Investments
| -47,946 | -25,863.5 | -28,536.7 | -34,015.6 | -36,381.9 | -29,145.1 | -21,691.8 | -14,843.4 | -12,044.8 | -9,958.2 | -9,213.2 | -7,422.8 | -6,100.5 | -7,076 | -5,068.6 | -10,917 | -9,417.5 | -16,831.5 | -10,425.8 | -33,216.9 | -728.6 | -10,343 | -8,605.6 | -6,631.2 | -6,486.4 | -7,171.4 | -4,974.2 | -7,671.1 | -5,172.5 | -3,362.5 | -1,951.2 | -1,692.1 | -1,369.3 | -1,281.6 | -12.4 | -2,065 |
| Sales Maturities Of Investments
| 34,234 | 15,236.9 | 21,015.2 | 31,338.4 | 30,382.2 | 25,111 | 14,901.8 | 11,628.8 | 9,729.7 | 8,927.9 | 8,508.5 | 6,050.8 | 6,003.5 | 6,407 | 4,638.8 | 9,803.2 | 8,202.4 | 17,026.8 | 10,116.4 | 687 | 717.9 | 8,398 | 8,265.2 | 6,590.6 | 4,312.7 | 5,258.3 | 2,729.8 | 5,710.9 | 3,314.9 | 1,725.2 | 828.7 | 69.2 | 1,357.9 | 1,165.3 | 0 | 1,780.1 |
| Other Investing Activites
| 248 | 36 | -177.8 | 114.1 | 83.6 | 6 | 21.1 | -18.3 | 59.4 | 2.4 | -30 | 152.2 | -44 | 3 | 8 | 1.8 | 1.1 | 35.1 | -138.9 | 31,167 | -645.8 | -37.1 | -1,661 | -1,366.9 | 1,793.3 | 1,006.2 | 1,819.5 | 1,412.2 | 1,276.7 | 1,156 | 590.7 | 1,293.7 | 0 | 0 | 82.7 | 0 |
| Investing Cash Flow
| -13,749 | -10,842.6 | -7,956.2 | -3,119.8 | -6,117.7 | -4,338.3 | -7,331.8 | -3,406.7 | -2,464.5 | -1,923.9 | -836.9 | -1,356.5 | -264.9 | -744.9 | -486.5 | -1,178.6 | -1,312.5 | 96.1 | -767.2 | -1,546.1 | -848.5 | -2,153.2 | -2,091.3 | -1,482.4 | -510.7 | -1,064.3 | -599.1 | -717.9 | -616.7 | -519.6 | -590 | -389.2 | -23.5 | -161.4 | 70.3 | -301.8 |
| Financing Activities: | ||||||||||||||||||||||||||||||||||||
| Debt Repayment
| 0 | 496.3 | 1,486 | -520 | 986.3 | 0 | 1,096.9 | 156.5 | 451.9 | 342.3 | 295.8 | -208.1 | -382.5 | 476.9 | -214.3 | 0 | 0 | 1,021.7 | -100 | 0 | -206 | 0 | 397.8 | 364.9 | -300.4 | 271.4 | 0 | -20.4 | 99.2 | -0.4 | 198 | -92 | -0.9 | -0.8 | -1 | 171.4 |
| Common Stock Issued
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30.8 | 43.3 | 44.2 | 51.7 | 50 | 22.6 | 26 | 18.6 | 12.6 | 11.5 | 14.1 | 6.9 | 10.1 | 5.1 | 178.8 | 4.2 | 96.4 | 0 | 5.5 |
| Common Stock Repurchased
| -634 | -140.7 | -99 | -223 | -111.6 | -91.3 | -79 | -62.5 | -192.5 | -208.5 | -271.4 | -273.4 | -174.2 | -997.8 | -258.6 | -180.6 | -179.4 | -1,548.4 | -1,214.5 | -482.8 | -1,628.5 | -316.8 | -214.3 | -120.2 | -17.8 | -0.6 | -42.6 | -2.9 | -128.7 | -2.3 | -36.3 | -12.2 | -105.9 | -107.3 | -95.7 | -52.5 |
| Dividends Paid
| -682 | -277.6 | -260.8 | -3,773.3 | -1,577.8 | -1,670 | -668.4 | -395.4 | -519 | -403.6 | -892.6 | -175.6 | -853.7 | -263.6 | -763.7 | -78.7 | -98.3 | -1,406.5 | -25 | -23.7 | -23.3 | -21.7 | -21.1 | -20.6 | -19.8 | -19 | -18.1 | -17.3 | -19.6 | -24.1 | -23.4 | -23.1 | -20.8 | -17 | -11.5 | -11.6 |
| Other Financing Activities
| -500 | 0 | 0 | 0 | -235.7 | -9.6 | 197 | 0.5 | 9.2 | 17 | 12.8 | 10.3 | 6.3 | 28.8 | 41.2 | 28.5 | 38.1 | 46.3 | 38.8 | 0 | 0 | -50 | 0 | 0 | 2.4 | 0.9 | 25.6 | 17.6 | -74.9 | 8.5 | 0 | 0 | 0 | 0 | 110 | 0 |
| Financing Cash Flow
| -1,316 | 78 | 1,126.2 | -4,516.3 | -938.8 | -1,770.9 | 846.7 | -300.9 | -250.4 | -252.8 | -855.4 | -646.8 | -1,404.1 | -755.7 | -1,195.4 | -152.1 | -239.6 | -1,886.9 | -1,257.4 | -462.3 | -1,806.1 | -288.5 | 185 | 250.1 | -317 | 284.8 | -23.6 | -8.9 | -36.3 | -8.2 | 143.4 | 51.5 | -123.4 | -28.7 | 1.8 | 112.8 |
| Other Information: | ||||||||||||||||||||||||||||||||||||
| Effect Of Forex Changes On Cash
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0.3 | 0.4 | -0.2 | 0 | -0.6 | 1 | -0.5 | 0.8 | 1.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -127.1 | -29.2 | 1.9 | 108.8 |
| Net Change In Cash
| 54 | -121.3 | 18.8 | 125.6 | -150.9 | 152.4 | -200.3 | 48.9 | -12.6 | 116 | 33.3 | -104 | 23.4 | -3.2 | -1.8 | 157.8 | -2.9 | 0.2 | 0 | -14.4 | 7.9 | -4.8 | 5.7 | 2.3 | -5.3 | -4.4 | -4.7 | 7.9 | -0.8 | 2.8 | 4.7 | -14.2 | -123.4 | -28.7 | 1.8 | 112.8 |
| Cash At End Of Period
| 154 | 99.6 | 220.9 | 202.1 | 76.5 | 227.4 | 75 | 275.3 | 211.5 | 224.4 | 108.4 | 75.1 | 179.1 | 155.7 | 158.9 | 160.7 | 2.9 | 5.8 | 5.6 | 5.6 | 20 | 12.1 | 16.9 | 11.2 | 8.9 | 14.2 | 18.6 | 23.3 | 15.4 | 16.2 | 13.4 | 8.7 | -104.2 | -10 | 2.1 | 130.5 |