The Progressive Corporation (PGR)
NYSE: PGR · Real-Time Price · USD
284.51
+0.59 (0.21%)
At close: May 9, 2025, 4:00 PM
285.10
+0.59 (0.21%)
After-hours: May 9, 2025, 7:22 PM EDT
PGR Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | 2015 - 2019 |
|---|---|---|---|---|---|---|---|
Period Ending | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 | 2015 - 2019 |
| Premiums & Annuity Revenue | 74,059 | 70,799 | 58,665 | 49,241 | 44,369 | 39,262 | Upgrade
|
| Total Interest & Dividend Income | 2,998 | 2,803 | 1,866 | 1,236 | 835.4 | 916.6 | Upgrade
|
| Gain (Loss) on Sale of Investments | -104 | 264 | 353 | -1,912 | 1,509 | 1,630 | Upgrade
|
| Other Revenue | 1,555 | 1,477 | 1,199 | 1,022 | 963.2 | 829.9 | Upgrade
|
| Total Revenue | 78,508 | 75,343 | 62,083 | 49,587 | 47,677 | 42,638 | Upgrade
|
| Revenue Growth (YoY) | 20.74% | 21.36% | 25.20% | 4.01% | 11.82% | 9.34% | Upgrade
|
| Policy Benefits | 50,892 | 49,060 | 45,655 | 38,123 | 33,628 | 25,122 | Upgrade
|
| Policy Acquisition & Underwriting Costs | 15,857 | 14,845 | 10,907 | 9,776 | 9,368 | 8,843 | Upgrade
|
| Provision for Bad Debts | - | - | - | - | - | 1,077 | Upgrade
|
| Other Operating Expenses | 471 | 446 | 349 | 297 | 252.8 | 205.5 | Upgrade
|
| Total Operating Expenses | 67,220 | 64,351 | 56,911 | 48,196 | 43,248 | 35,248 | Upgrade
|
| Operating Income | 11,288 | 10,992 | 5,172 | 1,391 | 4,429 | 7,390 | Upgrade
|
| Interest Expense | -279 | -279 | -268 | -244 | -218.6 | -217 | Upgrade
|
| EBT Excluding Unusual Items | 11,009 | 10,713 | 4,904 | 1,147 | 4,210 | 7,173 | Upgrade
|
| Impairment of Goodwill | - | - | - | -225 | - | - | Upgrade
|
| Pretax Income | 11,009 | 10,713 | 4,904 | 922 | 4,210 | 7,173 | Upgrade
|
| Income Tax Expense | 2,293 | 2,233 | 1,001 | 200 | 859.1 | 1,469 | Upgrade
|
| Earnings From Continuing Ops. | 8,716 | 8,480 | 3,903 | 722 | 3,351 | 5,705 | Upgrade
|
| Net Income | 8,716 | 8,480 | 3,903 | 722 | 3,351 | 5,705 | Upgrade
|
| Preferred Dividends & Other Adjustments | - | 17 | 38 | 27 | 26.9 | 26.9 | Upgrade
|
| Net Income to Common | 8,716 | 8,463 | 3,865 | 695 | 3,324 | 5,678 | Upgrade
|
| Net Income Growth | 50.64% | 117.27% | 440.58% | -78.45% | -41.26% | 43.68% | Upgrade
|
| Shares Outstanding (Basic) | 586 | 586 | 585 | 584 | 585 | 585 | Upgrade
|
| Shares Outstanding (Diluted) | 588 | 588 | 588 | 587 | 587 | 588 | Upgrade
|
| Shares Change (YoY) | 0.04% | 0.03% | 0.07% | - | -0.08% | 0.07% | Upgrade
|
| EPS (Basic) | 14.88 | 14.45 | 6.61 | 1.19 | 5.69 | 9.71 | Upgrade
|
| EPS (Diluted) | 14.83 | 14.40 | 6.58 | 1.18 | 5.66 | 9.66 | Upgrade
|
| EPS Growth | 51.82% | 118.84% | 457.63% | -79.15% | -41.41% | 43.75% | Upgrade
|
| Free Cash Flow | 15,733 | 14,834 | 10,391 | 6,557 | 7,518 | 6,682 | Upgrade
|
| Free Cash Flow Per Share | 26.77 | 25.24 | 17.69 | 11.17 | 12.81 | 11.37 | Upgrade
|
| Dividend Per Share | 4.900 | 4.900 | 1.150 | 0.400 | 1.900 | 4.900 | Upgrade
|
| Dividend Growth | 326.09% | 326.09% | 187.50% | -78.95% | -61.22% | 84.91% | Upgrade
|
| Operating Margin | 14.38% | 14.59% | 8.33% | 2.80% | 9.29% | 17.33% | Upgrade
|
| Profit Margin | 11.10% | 11.23% | 6.23% | 1.40% | 6.97% | 13.32% | Upgrade
|
| Free Cash Flow Margin | 20.04% | 19.69% | 16.74% | 13.22% | 15.77% | 15.67% | Upgrade
|
| EBITDA | 11,572 | 11,276 | 5,457 | 1,697 | 4,766 | 7,722 | Upgrade
|
| EBITDA Margin | 14.74% | 14.97% | 8.79% | 3.42% | 10.00% | 18.11% | Upgrade
|
| D&A For EBITDA | 284 | 284 | 285 | 306 | 337.4 | 331.8 | Upgrade
|
| EBIT | 11,288 | 10,992 | 5,172 | 1,391 | 4,429 | 7,390 | Upgrade
|
| EBIT Margin | 14.38% | 14.59% | 8.33% | 2.80% | 9.29% | 17.33% | Upgrade
|
| Effective Tax Rate | 20.83% | 20.84% | 20.41% | 21.69% | 20.41% | 20.47% | Upgrade
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| Revenue as Reported | 78,538 | 75,372 | 62,109 | 49,611 | 47,702 | 42,658 | Upgrade
|
Updated Apr 16, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.