The Progressive Corporation (PGR)
NYSE: PGR · Real-Time Price · USD
219.62
+0.51 (0.23%)
Oct 20, 2026, 10:15 AM EDT - Market open
PGR Balance Sheet
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Assets
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Investments in Debt Securities | 92,247 | 82,866 | 75,332 | 60,378 | 46,468 | 43,691 |
Investments in Equity & Preferred Securities | 4,825 | 4,502 | 4,303 | 3,831 | 4,219 | 6,880 |
Other Investments | 2,125 | 10,005 | 615 | 1,790 | 2,862 | 942.6 |
Total Investments | 99,197 | 97,373 | 80,250 | 65,999 | 53,548 | 51,514 |
Cash & Equivalents | - | 125 | 143 | 85 | 203.5 | 187.1 |
Reinsurance Recoverable | 3,875 | 4,083 | 4,765 | 5,094 | 5,832 | 4,981 |
Other Receivables | 17,337 | 16,032 | 14,963 | 12,396 | 10,699 | 10,142 |
Deferred Policy Acquisition Cost | 2,300 | 2,044 | 1,961 | 1,687 | 1,544 | 1,356 |
Property, Plant & Equipment | - | 982 | 983 | 1,054 | 1,165 | 1,310 |
Goodwill | - | - | - | 228 | 227.9 | 452.7 |
Other Intangible Assets | - | - | - | - | - | 117.3 |
Restricted Cash | - | 13 | 11 | 15 | 17.4 | 15 |
Other Current Assets | - | 197 | 349 | 327 | 344.2 | 468.4 |
Long-Term Deferred Tax Assets | - | 786 | 996 | 976 | 1,174 | 16.3 |
Long-Term Deferred Charges | - | - | - | 88 | 63.4 | 47.7 |
Other Long-Term Assets | 5,035 | 1,404 | 1,324 | 742 | 646.2 | 525.8 |
Total Assets | 127,744 | 123,039 | 105,745 | 88,691 | 75,465 | 71,132 |
Liabilities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Accounts Payable | 9,051 | 8,825 | 7,246 | 6,513 | 5,522 | 5,743 |
Unpaid Claims | 46,786 | 43,310 | 39,057 | 34,389 | 30,359 | 26,164 |
Unearned Premiums | 27,873 | 25,219 | 23,858 | 20,134 | 17,294 | 15,616 |
Current Portion of Leases | - | 90 | - | - | - | - |
Current Income Taxes Payable | - | 28 | 26 | 312 | 10.9 | - |
Long-Term Debt | 8,389 | 6,897 | 6,893 | 6,889 | 6,388 | 4,899 |
Long-Term Leases | - | 115 | 196 | 177 | - | 180.9 |
Long-Term Deferred Tax Liabilities | - | 1 | - | - | - | 154.4 |
Other Current Liabilities | - | 8,031 | 2,753 | - | - | - |
Other Long-Term Liabilities | 1,160 | 200 | 125 | - | - | 143.4 |
Total Liabilities | 93,259 | 92,716 | 80,154 | 68,414 | 59,574 | 52,901 |
Shareholders' Equity
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Preferred Stock, Redeemable | - | - | - | 494 | 493.9 | 493.9 |
Common Stock | 34,485 | 586 | 586 | 585 | 584.9 | 584.4 |
Additional Paid-In Capital | - | 2,307 | 2,145 | 2,013 | 1,893 | 1,773 |
Retained Earnings | - | 27,327 | 24,283 | 18,801 | 15,721 | 15,340 |
Comprehensive Income & Other | - | 103 | -1,423 | -1,616 | -2,802 | 40.7 |
Total Common Equity | 34,485 | 30,323 | 25,591 | 19,783 | 15,397 | 17,738 |
Shareholders' Equity | 34,485 | 30,323 | 25,591 | 20,277 | 15,891 | 18,232 |
Total Liabilities & Equity | 127,744 | 123,039 | 105,745 | 88,691 | 75,465 | 71,132 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Filing Date Shares Outstanding | 579.5 | 585.91 | 586.21 | 585.68 | 585.34 | 584.85 |
Total Common Shares Outstanding | 579.5 | 586.1 | 585.8 | 585.3 | 584.9 | 584.4 |
Total Debt | 8,389 | 7,102 | 7,089 | 7,066 | 6,388 | 5,080 |
Net Cash (Debt) | -8,389 | -6,977 | -6,946 | -6,981 | -6,185 | -4,893 |
Net Cash Growth | - | - | - | - | - | - |
Net Cash Per Share | -14.33 | -11.86 | -11.82 | -11.88 | -10.53 | -8.33 |
Book Value Per Share | 59.51 | 51.74 | 43.69 | 33.80 | 26.32 | 30.35 |
Tangible Book Value | 34,485 | 30,323 | 25,591 | 19,555 | 15,169 | 17,168 |
Tangible Book Value Per Share | 59.51 | 51.74 | 43.69 | 33.41 | 25.93 | 29.38 |
Land | - | 41 | 52 | 103 | 123.1 | 154.1 |
Buildings | - | 543 | 576 | 733 | 844.1 | 904.5 |
Machinery | - | 308 | 370 | 353 | 318.1 | 261.3 |