The Progressive Corporation (PGR) FCF Payout Ratio: 49.63%
Is The Progressive Corporation’s FCF payout ratio high or low?
The Progressive Corporation's FCF payout ratio of 49.63% is 193% above its 5-year average of 16.96%, near the high end of its 5-year range (2.67%–50.19%).
The FCF payout ratio for The Progressive Corporation (PGR) is 49.63%. It is above its 12-month average by 366.24% (10.64%).
PGR FCF Payout Ratio Chart
PGR Average FCF Payout Ratio Chart
PGR Current vs Average FCF Payout Ratio Chart
PGR FCF Payout Ratio Metrics
FCF PAYOUT RATIO
49.63%
FCF PAYOUT RATIO AVG TTM
10.64%
FCF PAYOUT RATIO AVG 3Y
6.98%
FCF PAYOUT RATIO AVG 5Y
16.96%
FCF PAYOUT RATIO AVG 10Y
17.42%
FCF PAYOUT RATIO AVG 15Y
23.58%
FCF PAYOUT RATIO AVG 20Y
22.74%
CURRENT VS TTM AVG
+366.24%
CURRENT VS 3Y AVG
+610.56%
CURRENT VS 5Y AVG
+192.69%
CURRENT VS 10Y AVG
+184.82%
CURRENT VS 15Y AVG
+110.46%
CURRENT VS 20Y AVG
+118.29%
Payout Ratio Comparison
FCF Payout Ratio
49.6%
Earnings Payout Ratio
72.1%
Dividend Yield
6.95%
FCF Yield
13.99%
Annual FCF Payout Ratio History
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $17.20B | $2.87B | 16.7% |
| 2024 | $14.83B | $682.00M | 4.6% |
| 2023 | $10.39B | $277.60M | 2.7% |
| 2022 | $6.56B | $260.80M | 4.0% |
| 2021 | $7.52B | $3.77B | 50.2% |
| 2020 | $6.68B | $1.58B | 23.6% |
| 2019 | $5.90B | $1.67B | 28.3% |
| 2018 | $6.02B | $668.40M | 11.1% |
| 2017 | $3.60B | $395.40M | 11.0% |
| 2016 | $2.49B | $519.00M | 20.9% |
| 2015 | $2.16B | $403.60M | 18.7% |
| 2014 | $1.62B | $892.60M | 55.2% |
| 2013 | $1.76B | $175.60M | 10.0% |
| 2012 | $1.56B | $853.70M | 54.6% |
| 2011 | $1.42B | $263.60M | 18.6% |
| 2010 | $1.61B | $763.70M | 47.3% |
| 2009 | $1.42B | $78.70M | 5.5% |
| 2008 | $1.45B | $98.30M | 6.8% |
| 2007 | $1.65B | $1.41B | 85.0% |
| 2006 | $1.69B | $25.00M | 1.5% |
| 2005 | $1.77B | $23.70M | 1.3% |
| 2004 | $2.47B | $23.30M | 0.9% |
| 2003 | $2.27B | $21.70M | 1.0% |
| 2002 | $1.82B | $21.10M | 1.2% |
| 2001 | $1.16B | $20.60M | 1.8% |
| 2000 | $692.10M | $19.80M | 2.9% |
| 1999 | $627.60M | $19.00M | 3.0% |
| 1998 | $443.80M | $18.10M | 4.1% |
| 1997 | $612.80M | $17.30M | 2.8% |
| 1996 | $616.40M | $19.60M | 3.2% |
Formula: FCF Payout Ratio = Dividends Paid / Free Cash Flow × 100
FCF payout and earnings payout:
- FCF represents operating cash flow after capital expenditures
- FCF payout compares dividends paid with free cash flow
- FCF payout above 100% means dividends paid exceeded free cash flow for the period
- Earnings payout compares dividends paid with net income
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
The Progressive Corporation FCF Payout Ratio Formula & Definition
FCF Payout Ratio measures what percentage of free cash flow is paid out as dividends. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
The Progressive Corporation FCF Payout Ratio FAQ
- What is the FCF payout ratio for The Progressive Corporation (PGR)?
- The FCF payout ratio for PGR stock is 49.63%.
- Is The Progressive Corporation's FCF payout ratio high or low?
- The Progressive Corporation's FCF payout ratio of 49.63% is 193% above its 5-year average of 16.96%, near the high end of its 5-year range (2.67%–50.19%).
- What is the TTM average FCF payout ratio for The Progressive Corporation (PGR)?
- The TTM average FCF payout ratio for PGR stock is 10.64%.
- What is the 3Y average FCF payout ratio for The Progressive Corporation (PGR)?
- The 3Y average FCF payout ratio for PGR stock is 6.98%.
- What is the 5Y average FCF payout ratio for The Progressive Corporation (PGR)?
- The 5Y average FCF payout ratio for PGR stock is 16.96%.
- What is the 10Y average FCF payout ratio for The Progressive Corporation (PGR)?
- The 10Y average FCF payout ratio for PGR stock is 17.42%.
- What is the 15Y average FCF payout ratio for The Progressive Corporation (PGR)?
- The 15Y average FCF payout ratio for PGR stock is 23.58%.
- What is the 20Y average FCF payout ratio for The Progressive Corporation (PGR)?
- The 20Y average FCF payout ratio for PGR stock is 22.74%.
The Progressive Corporation FCF Payout Ratio History
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2025-12-31 | 16.69% |
| 2024-12-31 | 4.60% |
| 2023-12-31 | 2.67% |
| 2022-12-31 | 3.98% |
| 2021-12-31 | 50.19% |
| 2020-12-31 | 23.61% |
| 2019-12-31 | 28.31% |
| 2018-12-31 | 11.11% |
| 2017-12-31 | 10.98% |
| 2016-12-31 | 20.87% |
| 2015-12-31 | 18.67% |
| 2014-12-31 | 55.18% |
| 2013-12-31 | 9.98% |
| 2012-12-31 | 54.59% |
| 2011-12-31 | 18.58% |
| 2010-12-31 | 47.30% |
| 2009-12-31 | 5.54% |
| 2008-12-31 | 6.78% |
| 2007-12-31 | 85.00% |
| 2006-12-31 | 1.48% |
| 2005-12-31 | 1.34% |
| 2004-12-31 | 0.94% |
| 2003-12-31 | 0.96% |
| 2002-12-31 | 1.16% |
| 2001-12-31 | 1.78% |
| 2000-12-31 | 2.86% |
| 1999-12-31 | 3.03% |
| 1998-12-31 | 4.08% |
| 1997-12-31 | 2.82% |
| 1996-12-31 | 3.18% |
About The Progressive Corporation
The Progressive Corporation, an insurance holding company, offers a comprehensive range of insurance products and associated services across the United States. Its portfolio includes personal and commercial vehicle coverage, residential and commercial property protection, general liability, and various other specialized property-casualty insurance options. The company's operations are structured into three main divisions: Personal Lines, Commercial Lines, and Property. Within the Personal Lines segment, Progressive provides coverage for individual automobiles and recreational vehicles. Offerings range from standard personal auto policies to specialized options for motorcycles, all-terrain vehicles (ATVs), RVs, watercraft, snowmobiles, and similar forms of personal transport. The Commercial Lines division focuses on providing primary liability and physical damage insurance for business vehicles, alongside general liability and property insurance tailored for commercial applications. This segment insures a diverse array of vehicles, including cars, vans, pickup trucks, and dump trucks for small businesses; tractors, trailers, and straight trucks for regional freight, expedited shipping, and long-haul transport companies; heavy-duty vehicles like dump trucks, log trucks, and garbage trucks used in industries such as construction, logging, and mining; and tow trucks and wreckers for towing and service stations, as well as various non-fleet taxis and premium car services. The Property segment offers residential insurance solutions for homeowners, other property owners, and renters. Its portfolio further extends to include personal umbrella policies and both primary and excess flood insurance. Beyond underwriting, the company facilitates policy issuance and claims adjusting. It also serves as an agent for various additional insurance products, such as homeowner general liability and workers' compensation, and provides reinsurance services. Progressive's products are distributed through independent insurance agencies, as well as directly to consumers via its online platforms (including mobile access) and telephone channels. Established in 1937, The Progressive Corporation maintains its headquarters in Mayfield, Ohio.
- Sector
- Financial Services
- Industry
- Insurance - Property & Casualty
- CEO
- Susan Patricia Griffith