Capital Expenditures for Progressive (PGR)
According to Progressive's latest reported financial statements, the company's current capital expenditures (TTM) is $348.00M USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
PGR
Currently viewingCapital ExpendituresSwitch metric
Latest period
$348.00M
YoY change
+22.1%
5Y CAGR
+9.3%
Peak year (2019)
$363.50M
Cumulative capital expenditures
$5.52B
CapEx history chart for Progressive (PGR) from 1989 to 2025
CapEx history table for Progressive (PGR) from 1989 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $348.00M | +22.1% | ||
| 2024 | $285.00M | +13.1% | ||
| 2023 | $252.00M | -13.7% | ||
| 2022 | $292.00M | +19.9% | ||
| 2021 | $243.50M | +8.9% | ||
| 2020 | $223.50M | -38.5% | ||
| 2019 | $363.50M | +36.7% | ||
| 2018 | $266.00M | +70.8% | ||
| 2017 | $155.70M | -27.6% | ||
| 2016 | $215.00M | +64.5% | ||
| 2015 | $130.70M | +20.9% | ||
| 2014 | $108.10M | -23.0% | ||
| 2013 | $140.40M | +9.9% | ||
| 2012 | $127.70M | +61.9% | ||
| 2011 | $78.90M | +21.9% | ||
| 2010 | $64.70M | -2.9% | ||
| 2009 | $66.60M | -32.4% | ||
| 2008 | $98.50M | -27.7% | ||
| 2007 | $136.30M | -59.2% | ||
| 2006 | $334.30M | +52.4% | ||
| 2005 | $219.30M | +14.2% | ||
| 2004 | $192.00M | +12.2% | ||
| 2003 | $171.10M | +90.3% | ||
| 2002 | $89.90M | +20.0% | ||
| 2001 | $74.90M | -42.5% | ||
| 2000 | $130.30M | -11.7% | ||
| 1999 | $147.50M | -15.3% | ||
| 1998 | $174.20M | +42.9% | ||
| 1997 | $121.90M | +240.5% | ||
| 1996 | $35.80M | -6.5% | ||
| 1995 | $38.30M | -34.2% | ||
| 1994 | $58.20M | -3.0% | ||
| 1993 | $60.00M | +395.9% | ||
| 1992 | $12.10M | -73.2% | ||
| 1991 | $45.10M | — | ||
| 1990 | $0 | -100.0% | ||
| 1989 | $16.90M | — |
CapEx values are taken from Progressive's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, Progressive (PGR) reported capital expenditures of $348.00M – grew 22.1% year-over-year.
Through 2020–2025 (5 years), Progressive capital expenditures delivered a +9.3% annualised rate; sustaining 2 straight years of year-over-year growth.
Progressive capital expenditures peaked at $363.50M in 2019; the latest annual figure is $348.00M in 2025 (4.3% below peak).
$363.50M stands as the all-time-high annual capital expenditures, posted in 2019, against a low of $0 during 1990.
Among 8 Financial Services peers, Progressive (PGR) ranks 6th; the peer median for capital expenditures is $985.50M.
Progressive Capital Expenditures by Year
Progressive Capital Expenditures 2025: $348.00M
Progressive capital expenditures in 2025 was $348.00M, grew 22.1% from 2024.
Progressive Capital Expenditures 2024: $285.00M
Progressive capital expenditures in 2024 was $285.00M, grew 13.1% from 2023.
Progressive Capital Expenditures 2023: $252.00M
Progressive capital expenditures in 2023 was $252.00M, declined 13.7% below 2022.
Progressive Capital Expenditures 2022: $292.00M
Progressive capital expenditures in 2022 was $292.00M, grew 19.9% from 2021.
Progressive Capital Expenditures 2021: $243.50M
Progressive capital expenditures in 2021 was $243.50M.
See more financial history for Progressive (PGR).
Sector peers — CapEx
Companies in the same sector as Progressive, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Berkshire Hathaway Inc. (BRK-B) | $20.93B | Financial Services |
| Morgan Stanley (MS) | $2.90B | Financial Services |
| The Goldman Sachs Group, Inc. (GS) | $2.06B | Financial Services |
| Visa Inc. (V) | $1.48B | Financial Services |
| Mastercard Incorporated (MA) | $489.00M | Financial Services |
| JPMorgan Chase & Co. (JPM) | $0 | Financial Services |
| Bank of America Corporation (BAC) | $0 | Financial Services |
| Wells Fargo & Company (WFC) | $0 | Financial Services |
Frequently asked questions
What is Progressive's capital expenditures?
- Latest reported capital expenditures for Progressive (PGR) is $348.00M (period ending December 31, 2025).
How has Progressive capital expenditures changed year-over-year?
- Progressive (PGR) capital expenditures changed +22.1% year-over-year on the latest annual filing.
What is the long-term growth rate of Progressive capital expenditures?
- Progressive (PGR) capital expenditures compound annual growth rate is +9.3% over the most recent 5 years available.
When did Progressive capital expenditures hit its highest annual value?
- Progressive capital expenditures reached its highest annual value of $363.50M in 2019.
What was Progressive capital expenditures in 2024?
- Progressive (PGR) capital expenditures in 2024 was $285.00M.
What was Progressive capital expenditures in 2025?
- Progressive (PGR) capital expenditures in 2025 was $348.00M.
Metrics overview
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