What is Progressive's capex?

Progressive (PGR) reported capex of $63M in Q1 2026.

How has Progressive's capex changed year-over-year?

Progressive's capex increased by 6.8% year-over-year, from $59M to $63M.

What is the long-term trend for Progressive's capex?

Over 4 years (2021 to 2025), Progressive's capex has grown at a 9.3% compound annual growth rate (CAGR), from $243.5M to $348M.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

Progressive PGR CapEx

CapEx at other companies

Cincinnati FinancialCINF

$2M-33.3%

Selective Insurance GroupSIGI

$10.94M-16.0%

KemperKMPR

$10.9M+41.6%

The Hartford Financial Services GroupHIG

$31M-18.4%

Universal Insurance HoldingsUVE

$1.58M+28.8%

AllstateALL

$40M-56.5%

Other financials

Income statement

See full

Revenue$22.2B+8.7%

Net income$2.8B+9.8%

EPS (diluted)$4.80+9.8%

Balance sheet

See full

Cash & equivalents$162.0M-16.9%

Total debt$8.4B+21.6%

Total equity$32.0B+10.7%

Total assets$122.21B+9.7%

Cash flow

See full

Operating cash flow$4.4B-15.1%

Free cash flow$4.3B-15.3%

Valuation

See full

Market cap$125.49B-18.3%

Enterprise value$133.71B-16.6%

P/E10.9×-6.8×

P/S1.4×-0.6×

Profitability

See full

Net margin12.9%+1.8pp

FCF margin18.4%-1.7pp

Returns & leverage

See full

Return on equity37.9%+3.6pp

Debt / equity0.3×0.0×

Where this comes from

Reported directly by Progressive in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: Progressive’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Progressive's capex?: Progressive (PGR) reported capex of $63M in Q1 2026.
How has Progressive's capex changed year-over-year?: Progressive's capex increased by 6.8% year-over-year, from $59M to $63M.
What is the long-term trend for Progressive's capex?: Over 4 years (2021 to 2025), Progressive's capex has grown at a 9.3% compound annual growth rate (CAGR), from $243.5M to $348M.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.