The Progressive Corporation (PGR)
NYSE: PGR · Real-Time Price · USD
265.39
-9.74 (-3.54%)
At close: Apr 17, 2025, 4:00 PM
265.10
-0.29 (-0.11%)
After-hours: Apr 17, 2025, 4:20 PM EDT
PGR Income Statement
Financials in millions USD. Fiscal year is April - March.
Millions USD. Fiscal year is Apr - Mar.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2024 | FY 2023 | FY 2022 | 2017 - 2021 |
|---|---|---|---|---|---|---|---|
Period Ending | Dec '24 Dec 31, 2024 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | 2017 - 2021 |
| Premiums & Annuity Revenue | 70,799 | 74,059 | 70,799 | 61,281 | 58,665 | 49,241 | Upgrade
|
| Total Interest & Dividend Income | 2,803 | 2,998 | 2,803 | 2,064 | 1,866 | 1,236 | Upgrade
|
| Gain (Loss) on Sale of Investments | 264 | -103.6 | 264 | 437.2 | 353 | -1,912 | Upgrade
|
| Other Revenue | 1,477 | 1,554 | 1,477 | 1,240 | 1,199 | 1,022 | Upgrade
|
| Total Revenue | 75,343 | 78,508 | 75,343 | 65,022 | 62,083 | 49,587 | Upgrade
|
| Revenue Growth (YoY) | 21.36% | 4.20% | 15.87% | 4.73% | 25.20% | 4.01% | Upgrade
|
| Policy Benefits | 49,060 | 50,892 | 49,060 | 46,003 | 45,655 | 38,123 | Upgrade
|
| Policy Acquisition & Underwriting Costs | 14,845 | 15,856 | 14,845 | 11,096 | 10,907 | 9,776 | Upgrade
|
| Other Operating Expenses | 446 | 470.9 | 446 | 358.7 | 349 | 297 | Upgrade
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| Total Operating Expenses | 64,351 | 67,220 | 64,351 | 57,458 | 56,911 | 48,196 | Upgrade
|
| Operating Income | 10,992 | 11,289 | 10,992 | 7,564 | 5,172 | 1,391 | Upgrade
|
| Interest Expense | -279 | -279.4 | -279 | -274.7 | -268 | -244 | Upgrade
|
| EBT Excluding Unusual Items | 10,713 | 11,009 | 10,713 | 7,290 | 4,904 | 1,147 | Upgrade
|
| Impairment of Goodwill | - | - | - | - | - | -225 | Upgrade
|
| Pretax Income | 10,713 | 11,009 | 10,713 | 7,290 | 4,904 | 922 | Upgrade
|
| Income Tax Expense | 2,233 | 2,294 | 2,233 | 1,504 | 1,001 | 200 | Upgrade
|
| Earnings From Continuing Ops. | 8,480 | 8,716 | 8,480 | 5,786 | 3,903 | 722 | Upgrade
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| Net Income | 8,480 | 8,716 | 8,480 | 5,786 | 3,903 | 722 | Upgrade
|
| Preferred Dividends & Other Adjustments | 17 | - | 17 | 47.7 | 38 | 27 | Upgrade
|
| Net Income to Common | 8,463 | 8,716 | 8,463 | 5,738 | 3,865 | 695 | Upgrade
|
| Net Income Growth | 117.27% | 2.78% | 46.56% | 48.25% | 440.58% | -78.45% | Upgrade
|
| Shares Outstanding (Basic) | 586 | 586 | 586 | 585 | 585 | 584 | Upgrade
|
| Shares Outstanding (Diluted) | 588 | 588 | 588 | 587 | 588 | 587 | Upgrade
|
| Shares Change (YoY) | 0.03% | -0.02% | 0.06% | -0.03% | 0.07% | - | Upgrade
|
| EPS (Basic) | 14.45 | 14.88 | 14.45 | 9.81 | 6.61 | 1.19 | Upgrade
|
| EPS (Diluted) | 14.40 | 14.83 | 14.40 | 9.77 | 6.58 | 1.18 | Upgrade
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| EPS Growth | 118.84% | 2.99% | 47.37% | 48.50% | 457.63% | -79.15% | Upgrade
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| Free Cash Flow | 14,834 | - | 14,834 | - | 10,391 | 6,557 | Upgrade
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| Free Cash Flow Per Share | 25.24 | - | 25.24 | - | 17.69 | 11.17 | Upgrade
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| Dividend Per Share | 4.900 | 4.900 | 4.900 | - | 1.150 | 0.400 | Upgrade
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| Dividend Growth | 326.09% | - | - | - | 187.50% | -78.95% | Upgrade
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| Operating Margin | 14.59% | 14.38% | 14.59% | 11.63% | 8.33% | 2.80% | Upgrade
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| Profit Margin | 11.23% | 11.10% | 11.23% | 8.82% | 6.23% | 1.40% | Upgrade
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| Free Cash Flow Margin | 19.69% | - | 19.69% | - | 16.74% | 13.22% | Upgrade
|
| EBITDA | 11,276 | - | 11,276 | - | 5,457 | 1,697 | Upgrade
|
| EBITDA Margin | 14.97% | - | 14.97% | - | 8.79% | 3.42% | Upgrade
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| D&A For EBITDA | 284 | - | 284 | - | 285 | 306 | Upgrade
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| EBIT | 10,992 | 11,289 | 10,992 | 7,564 | 5,172 | 1,391 | Upgrade
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| EBIT Margin | 14.59% | 14.38% | 14.59% | 11.63% | 8.33% | 2.80% | Upgrade
|
| Effective Tax Rate | 20.84% | 20.83% | 20.84% | 20.63% | 20.41% | 21.69% | Upgrade
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| Revenue as Reported | 75,372 | 78,539 | 75,372 | 65,049 | 62,109 | 49,611 | Upgrade
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Updated Apr 16, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.