The Progressive Corporation (PGR)
NYSE: PGR · Real-Time Price · USD
215.76
+1.93 (0.90%)
At close: Jul 27, 2026, 4:00 PM EDT
215.40
-0.36 (-0.17%)
After-hours: Jul 27, 2026, 7:41 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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 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 |
Net Premiums Earned | 84,483 | 81,661 | 70,799 | 58,665 | 49,241 | 44,369 |
Investment Income | 3,794 | 3,583 | 2,832 | 1,892 | 1,260 | 860.9 |
Net Gains on Investments | 1,037 | 727 | 264 | 353 | -1,912 | 1,509 |
Total Other Revenues | 1,742 | 1,700 | 1,477 | 1,199 | 1,022 | 963.2 |
| 91,055 | 87,671 | 75,372 | 62,109 | 49,611 | 47,702 | |
Revenue Growth | 10.49% | 16.32% | 21.35% | 25.19% | 4.00% | 11.82% |
Insurance Benefits & Claims | 55,949 | 53,959 | 49,060 | 45,655 | 38,123 | 33,628 |
Policy Amortization Costs | 6,234 | 6,096 | 5,383 | 4,665 | 3,917 | 3,713 |
Investment Expense | 36 | 34 | 29 | 26 | 24 | 25.5 |
Other Operating Expenses | 13,759 | 13,081 | 9,908 | 6,591 | 6,381 | 5,908 |
Operating Income | 15,077 | 14,501 | 10,992 | 5,172 | 1,166 | 4,429 |
Interest Expense | -297 | -278 | -279 | -268 | -244 | -218.6 |
Total Non-Operating Income (Expense) | -297 | -278 | -279 | -268 | -244 | -218.6 |
Pretax Income | 14,780 | 14,223 | 10,713 | 4,904 | 922 | 4,210 |
Provision for Income Taxes | 3,085 | 2,915 | 2,233 | 1,001 | 200 | 859.1 |
Net Income | 11,695 | 11,308 | 8,480 | 3,903 | 722 | 3,351 |
Net Income Attributable to Preferred Dividends | - | 0 | 17 | 38 | 27 | 26.9 |
Net Income to Common | 5,566 | 11,308 | 8,463 | 3,865 | 695 | 3,324 |
Net Income Growth | -46.64% | 33.62% | 118.97% | 456.11% | -79.09% | -41.45% |
Shares Outstanding (Basic) | 586 | 586 | 586 | 585 | 584 | 586 |
Shares Outstanding (Diluted) | 587 | 588 | 588 | 588 | 587 | 589 |
Shares Change | -0.14% | 0.07% | 0.03% | 0.07% | -0.26% | 0.17% |
EPS (Basic) | 19.98 | 19.29 | 14.45 | 6.61 | 1.19 | 5.72 |
EPS (Diluted) | 19.94 | 19.23 | 14.40 | 6.58 | 1.18 | 5.69 |
EPS Growth | 29.99% | 33.54% | 118.84% | 457.63% | -79.26% | -41.10% |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 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 |
Free Cash Flow | - | 17,200 | 14,834 | 10,391 | 6,557 | 7,518 |
Free Cash Flow Growth | - | 15.95% | 42.76% | 58.47% | -12.78% | 12.51% |
Free Cash Flow Per Share | - | 29.25 | 25.24 | 17.69 | 11.17 | 12.77 |
Dividends Per Share | 0.200 | 0.400 | 0.400 | 0.400 | 0.400 | 0.400 |
Dividend Growth | -50.00% | 0% | 0% | 0% | 0% | 0% |
Operating Margin | 16.56% | 16.54% | 14.58% | 8.33% | 2.35% | 9.28% |
Profit Margin | 12.84% | 12.90% | 11.25% | 6.28% | 1.46% | 7.02% |
FCF Margin | - | 19.62% | 19.68% | 16.73% | 13.22% | 15.76% |
EBITDA | 15,077 | 14,814 | 11,276 | 5,457 | 1,472 | 4,766 |
EBITDA Margin | 16.56% | 16.90% | 14.96% | 8.79% | 2.97% | 9.99% |
EBIT | 15,077 | 14,501 | 10,992 | 5,172 | 1,166 | 4,429 |
EBIT Margin | 16.56% | 16.54% | 14.58% | 8.33% | 2.35% | 9.28% |
Effective Tax Rate | 20.87% | 20.50% | 20.84% | 20.41% | 21.69% | 20.41% |