The Progressive Corporation (FRA:PGV)
173.96
-2.74 (-1.55%)
At close: Jan 30, 2026
FRA:PGV Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Premiums & Annuity Revenue | 81,661 | 70,799 | 58,665 | 49,241 | 44,369 |
Total Interest & Dividend Income | 3,549 | 2,803 | 1,866 | 1,236 | 835.4 |
Gain (Loss) on Sale of Investments | 727 | 264 | 353 | -1,912 | 1,509 |
Other Revenue | 1,700 | 1,477 | 1,199 | 1,022 | 963.2 |
| 87,637 | 75,343 | 62,083 | 49,587 | 47,677 | |
Revenue Growth (YoY) | 16.32% | 21.36% | 25.20% | 4.01% | 11.82% |
Policy Benefits | 53,959 | 49,060 | 45,655 | 38,123 | 33,628 |
Policy Acquisition & Underwriting Costs | 17,425 | 14,845 | 10,907 | 9,776 | 9,368 |
Other Operating Expenses | 1,752 | 446 | 349 | 297 | 252.8 |
Total Operating Expenses | 73,136 | 64,351 | 56,911 | 48,196 | 43,248 |
Operating Income | 14,501 | 10,992 | 5,172 | 1,391 | 4,429 |
Interest Expense | -278 | -279 | -268 | -244 | -218.6 |
EBT Excluding Unusual Items | 14,223 | 10,713 | 4,904 | 1,147 | 4,210 |
Impairment of Goodwill | - | - | - | -225 | - |
Pretax Income | 14,223 | 10,713 | 4,904 | 922 | 4,210 |
Income Tax Expense | 2,915 | 2,233 | 1,001 | 200 | 859.1 |
Earnings From Continuing Ops. | 11,308 | 8,480 | 3,903 | 722 | 3,351 |
Net Income | 11,308 | 8,480 | 3,903 | 722 | 3,351 |
Preferred Dividends & Other Adjustments | - | 17 | 38 | 27 | 26.9 |
Net Income to Common | 11,308 | 8,463 | 3,865 | 695 | 3,324 |
Net Income Growth | 33.35% | 117.27% | 440.58% | -78.45% | -41.26% |
Shares Outstanding (Basic) | 586 | 586 | 585 | 584 | 585 |
Shares Outstanding (Diluted) | 588 | 588 | 588 | 587 | 587 |
Shares Change (YoY) | 0.07% | 0.03% | 0.07% | - | -0.08% |
EPS (Basic) | 19.29 | 14.45 | 6.61 | 1.19 | 5.69 |
EPS (Diluted) | 19.23 | 14.40 | 6.58 | 1.18 | 5.66 |
EPS Growth | 33.54% | 118.84% | 457.63% | -79.15% | -41.41% |
Free Cash Flow | - | 14,834 | 10,391 | 6,557 | 7,518 |
Free Cash Flow Per Share | - | 25.24 | 17.69 | 11.17 | 12.81 |
Dividend Per Share | 13.900 | 4.900 | 1.150 | 0.400 | 1.900 |
Dividend Growth | 183.67% | 326.09% | 187.50% | -78.95% | -61.22% |
Operating Margin | 16.55% | 14.59% | 8.33% | 2.80% | 9.29% |
Profit Margin | 12.90% | 11.23% | 6.23% | 1.40% | 6.97% |
Free Cash Flow Margin | - | 19.69% | 16.74% | 13.22% | 15.77% |
EBITDA | 14,808 | 11,276 | 5,457 | 1,697 | 4,766 |
EBITDA Margin | 16.90% | 14.97% | 8.79% | 3.42% | 10.00% |
D&A For EBITDA | 306.67 | 284 | 285 | 306 | 337.4 |
EBIT | 14,501 | 10,992 | 5,172 | 1,391 | 4,429 |
EBIT Margin | 16.55% | 14.59% | 8.33% | 2.80% | 9.29% |
Effective Tax Rate | 20.50% | 20.84% | 20.41% | 21.69% | 20.41% |
Revenue as Reported | 87,671 | 75,372 | 62,109 | 49,611 | 47,702 |
Source: S&P Global Market Intelligence. Insurance template. Financial Sources.