PROGRESSIVE CORP/OH/ PGR Cash Flow

Progressive corp/oh/ (PGR)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09
Net income
3,596	3,980	3,165	3,251	2,974	2,621	2,941	2,226	1,897	1,598	1,415	1,406	1,228	1,057	1,009	1,090	1,263	1,300	1,320	1,330	1,255	1,281	1,210	1,146	1,178	1,165	1,114	1,159	953	902	909	783	910	1,015	1,058	1,168	1,135	1,068	1,074	1,082	1,120	1,057	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation
249	239	223	218	202	190	181	172	169	169	169	163	150	137	122	112	107	103	101	100	98	97	98	99	100	101	100	97	95	94	92	91	89	88	86	83	82	83	84	86	88	87	0	0	0
Amortization of intangible assets
62	66	69	71	71	72	72	71	68	66	63	62	62	62	62	62	62	46	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net amortization of fixed-income securities
-52	-33	-18	-13	-19	-34	-48	-65	-79	-86	-87	-79	-78	-77	-84	-97	-101	-98	-89	-83	-76	-78	-82	-95	-113	-134	-152	-165	-176	-186	-203	-214	-224	-233	-231	-234	-231	-229	-223	-223	-227	-230	0	0	0
Amortization of equity-based compensation
94	90	87	84	79	77	72	80	81	95	97	97	103	85	84	81	65	66	58	48	49	51	53	59	62	64	67	67	64	63	59	57	55	50	47	46	47	45	47	44	41	40	0	0	0
Net realized (gains) losses on securities
61	1,029	87	204	57	-405	157	-49	-50	49	81	85	85	51	48	53	97	112	119	173	137	224	275	264	357	318	303	447	309	306	274	49	80	102	151	230	165	96	64	75	131	27	0	0	0
Net (gains) losses on disposition of property and equipment
-6	-11	-24	-28	-36	-32	-9	-5	-7	-7	-7	-8	-7	-6	-5	-2	-2	-2	-1	-2	-3	-5	-5	-6	-6	-5	-6	-5	-7	-7	-5	-4	-8	-8	-11	-8	-3	-2	-5	-12	-13	-13	0	0	0
Other (gains) losses
-	-	-	-	-	-	-	-	-	-1	0	0	1	1	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-1	-1	-1	-0	-0	0	0	0	-	-	-	-	-	-	-	-
Changes in:
Premiums receivable
378	1,010	910	936	1,146	1,074	1,257	1,138	1,193	913	776	569	468	518	600	652	572	421	405	272	261	227	204	164	144	127	145	179	204	253	270	239	239	191	227	216	205	283	222	221	206	46	0	0	0
Reinsurance recoverables
796	682	807	640	603	422	-210	383	300	388	799	357	363	388	478	259	256	202	194	213	145	141	134	172	164	189	151	117	129	83	82	69	51	76	112	99	101	176	349	387	381	276	0	0	0
Prepaid reinsurance premiums
-8	316	79	48	103	106	167	77	160	32	37	34	-54	-48	-67	-75	-29	-32	-17	-3	17	10	9	10	9	8	9	8	2	-3	-9	-15	-16	-18	-16	12	14	18	29	11	11	6	0	0	0
Deferred acquisition costs
96	104	131	151	156	171	180	168	162	129	107	82	96	103	101	93	51	42	37	24	17	9	13	10	14	13	12	15	10	0	3	0	4	16	7	8	8	15	16	6	1	-11	0	0	0
Income taxes
-109	227	-4	-3	125	-158	-36	-106	-204	-172	-45	-50	65	-55	-136	-93	-96	-107	-76	-39	28	97	62	68	77	57	51	83	39	19	73	-26	-26	28	-15	50	80	48	75	86	38	29	0	0	0
Unearned premiums
1,037	1,702	1,517	1,550	1,765	1,783	2,003	1,838	1,892	1,434	1,212	937	788	830	804	813	736	632	646	510	395	266	299	259	253	244	275	309	326	351	373	310	293	225	119	132	134	180	217	192	162	-3	0	0	0
Loss and loss adjustment expense reserves
2,429	2,704	2,749	2,497	2,547	2,313	1,267	2,010	1,700	1,718	2,125	1,385	1,336	1,323	1,395	1,010	1,020	917	835	755	409	378	1,362	1,049	864	641	-550	-513	-611	-592	-503	-430	-263	-174	-303	-256	-349	-418	-601	-686	-647	-475	0	0	0
Accounts payable, accrued expenses, and other liabilities
130	611	634	652	754	746	810	670	545	400	466	362	246	308	284	347	131	37	-22	-5	121	92	220	160	106	165	94	61	90	123	63	71	51	35	126	107	133	210	149	78	53	-71	0	0	0
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
206	260	253	207	102	57	85	98	74	134	140	138	98	90	125	108	101	60	18	13	26	13	9	26	20	28	20	0	2	10	-2	-5	-20	-5	-12	9	13	10	40	27	45	28	0	0	0
Net cash provided by operating activities
6,018	6,261	6,216	6,176	6,406	6,284	5,735	5,217	4,399	3,756	3,680	3,184	3,018	2,732	2,408	2,434	2,340	2,292	2,228	2,114	1,836	1,725	1,809	1,803	1,838	1,899	1,774	1,693	1,705	1,691	1,667	1,601	1,532	1,497	1,496	1,505	1,682	1,679	1,749	1,763	1,615	1,486	0	0	0
Cash Flows From Investing Activities
Purchases:
Fixed maturities
34,487	28,765	26,827	23,381	20,301	21,153	19,394	18,564	16,946	14,587	13,869	13,924	12,346	11,610	9,569	8,484	8,755	9,311	9,299	9,952	9,259	7,967	6,804	6,170	6,881	7,100	7,273	6,833	5,470	5,199	4,821	4,395	4,538	6,032	6,184	6,476	6,716	4,491	5,483	6,207	6,610	10,046	0	0	0
Equity securities
652	379	595	633	592	538	335	302	243	255	222	233	306	434	552	680	750	647	580	450	360	369	312	290	334	322	547	591	507	463	334	263	460	582	481	464	346	511	998	1,042	939	624	0	0	0
Sales:
Fixed maturities
21,613	18,412	15,288	12,081	10,357	7,835	6,610	6,938	6,060	5,382	4,380	4,693	4,603	5,694	6,019	5,495	5,484	4,913	4,935	5,088	5,065	5,637	5,073	4,541	3,933	3,083	3,642	3,888	3,755	3,705	2,801	2,561	2,927	4,442	4,664	4,942	5,037	3,055	4,263	4,783	4,792	7,950	0	0	0
Equity securities
713	471	225	495	434	823	875	579	594	252	357	435	473	484	428	384	411	402	311	314	286	560	561	573	659	369	363	933	791	793	896	284	373	423	353	363	313	241	508	582	618	919	0	0	0
Maturities, paydowns, calls, and other:
Fixed maturities
7,107	6,145	5,425	4,752	4,876	5,099	5,254	5,738	5,631	5,215	4,590	4,288	4,084	4,907	5,299	5,017	4,554	3,579	3,051	2,773	2,454	2,296	2,235	2,115	2,188	1,859	1,733	1,734	1,569	1,488	1,527	1,422	1,504	1,540	1,535	1,559	1,442	1,341	1,220	998	944	842	0	0	0
Fixed maturities
128	49	0	0	0	-	-	-	-	50	50	50	26	0	0	0	0	-	-	-	-	14	35	35	19	21	12	12	32	16	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net sales of short-term investments
-86	-31	-1,381	-1,918	-518	-1,116	-1,541	-530	-15	-727	-1,586	-1,455	-832	1,357	3,705	3,462	1,514	-20	-582	-1,493	393	876	1,524	1,560	-447	-716	-1,247	-120	802	438	695	336	391	461	-116	-307	-261	11	586	511	95	-75	0	0	0
Net unsettled security transactions
674	6	281	-58	-160	11	-233	75	-27	-33	53	40	63	50	81	133	-2	-8	-8	-76	445	-30	94	118	-357	152	96	101	-19	-44	28	22	146	-0	-115	-14	-172	-54	-80	12	34	-246	0	0	0
Collateral on derivative instruments
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of property and equipment
350	363	382	367	306	266	210	184	156	155	162	179	195	215	206	186	162	130	121	117	114	108	108	115	128	140	149	143	126	127	109	96	90	78	78	70	65	64	55	58	62	66	0	0	0
Sales of property and equipment
50	53	41	27	14	9	9	9	5	15	15	15	15	6	6	6	11	10	10	9	5	5	5	5	5	3	2	3	3	3	4	3	3	3	2	8	8	8	8	1	1	1	0	0	0
Net cash used in investing activities
-5,114	-4,338	-4,842	-4,869	-5,131	-7,034	-6,164	-5,460	-4,924	-3,406	-3,239	-3,377	-2,893	-2,480	-2,205	-1,782	-1,477	-1,923	-1,871	-1,669	-1,870	-836	-744	-746	-448	-1,356	-871	-774	-774	-264	-698	-795	-526	-744	-187	156	-237	-486	-1,188	-1,427	-1,300	-1,178	0	0	0
Cash Flows From Financing Activities
Dividends paid to common shareholders
1,575	1,643	1,584	1,526	1,467	654	654	654	654	395	395	395	395	519	519	519	519	403	403	403	403	892	892	892	892	175	776	778	778	853	252	251	251	263	919	919	919	763	108	108	108	0	0	0	0
Dividends paid to preferred shareholders
26	26	26	26	26	13	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of treasury shares for restricted stock tax liabilities
84	84	81	68	67	78	78	72	73	57	57	28	27	25	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments for Repurchase of Common Stock in the Open Market
-	-	-	-	-	0	0	5	5	4	33	75	116	167	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from debt issuances
1,000	0	544	544	544	1,134	589	589	1,430	841	0	0	0	-	-	-	-	382	382	382	726	344	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Issuance of Preferred Stock and Preference Stock
-	-	-	-	-	493	493	493	493	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of debt
-	-	-	-	-	37	43	73	79	49	49	25	24	25	26	26	27	20	0	0	0	-	-	-	-	-	-	-	-	350	350	350	350	0	0	0	0	-	-	-	-	-	-	-	-
Proceeds from exercise of equity options
-	-	-	-	-	3	3	3	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	0	16	17	20	22	19	24	26	27	21	19	18	18	0	0	0
Early Repayment of Subordinated Debt
-	-	-	-	-	-	-	-	-	635	635	594	48	18	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	32	34	46	28	15	0	0	0	-	-	-	-	-	-	-	-
Tax benefit from vesting of equity-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	9	9	14	17	16	15	10	8	12	12	13	14	10	10	9	8	5	9	8	9	6	10	13	15	14	12	12	11	9	0	0	0
Acquisition of treasury shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	211	239	242	271	343	286	316	273	168	217	187	174	335	659	897	997	885	572	354	258	292	267	218	180	0	0	0
Net cash used in financing activities
-692	-1,770	-1,450	-1,372	-1,312	549	295	239	507	-300	-328	220	-114	-250	-254	-780	-761	-252	-251	-306	40	-855	-1,077	-1,029	-1,403	-646	-993	-987	-977	-1,404	-947	-790	-1,005	-755	-1,294	-1,667	-1,446	-1,195	-580	-344	-296	-152	0	0	0
Effect of exchange rate changes on cash
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-0	-2	-1	-1	0	1	1	0	-0	-0	0	0	1	0	-0	-0	-0	0	1	1	0	2	1	1	1	0	0	0
Increase in cash, cash equivalents, and restricted cash
211	152	-76	-64	-37	-200	-133	-4	-18	48	112	26	10	2	-50	-128	102	116	103	137	4	33	-10	29	-13	-104	-91	-68	-45	23	21	15	0	-3	15	-4	0	-1	-17	-6	20	157	0	0	0