The Progressive Corporation (PGR)

PGR Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Quarter	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021
Period Ending	Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021
Premiums & Annuity Revenue	21,573	20,968	21,093	20,849	20,310	19,409	19,144	18,297	17,209	16,149	15,773	14,894	14,464	13,533	12,892	12,399	12,148	11,803	11,601	11,365
Total Interest & Dividend Income	969	909	966	914	862	807	781	732	678	612	500.5	503	448.4	414.1	385.2	327.8	286.5	236.5	214.1	202.3
Gain (Loss) on Sale of Investments	604	-120	257	295	387	-212	-53	288	-127	156	303.3	-149	126.9	71.8	-72.8	-216.4	-1,178	-445.3	425.3	36.8
Other Revenue	453	423	422	444	436	398	395	395	367	320	307.5	305.1	307.7	278.7	259	264.1	256.6	241.7	244.3	248.7
Total Revenue	23,599	22,180	22,738	22,502	21,995	20,402	20,267	19,712	18,127	17,237	16,885	15,553	15,347	14,298	13,463	12,774	11,513	11,836	12,485	11,853
Revenue Growth (YoY)	7.29%	8.71%	12.19%	14.15%	21.34%	18.36%	20.03%	26.74%	18.11%	20.56%	25.41%	21.75%	33.30%	20.80%	7.83%	7.78%	-3.24%	3.46%	9.42%	8.32%
Policy Benefits	14,572	13,827	14,105	13,445	13,605	12,804	12,983	12,510	12,595	10,972	11,473	11,388	12,170	10,624	9,825	10,019	9,421	8,858	8,860	9,251
Policy Acquisition & Underwriting Costs	4,576	4,586	4,480	4,570	4,200	4,175	4,134	4,060	3,488	3,163	2,754	2,594	2,585	2,974	2,475	2,467	2,365	2,470	2,307	2,336
Other Operating Expenses	154	131	402	1,094	139	117	113	126	115	92	84.4	91.7	90.6	82.3	75.2	82.8	75.5	63.2	62.8	72.8
Total Operating Expenses	19,302	18,544	18,987	19,109	17,944	17,096	17,230	16,696	16,198	14,227	14,312	14,074	14,846	13,680	12,375	12,569	11,861	11,391	11,230	11,659
Operating Income	4,297	3,636	3,751	3,393	4,051	3,306	3,037	3,016	1,929	3,010	2,573	1,480	501.4	617.7	1,088	205.6	-348.1	444.5	1,256	193.2
Interest Expense	-88	-70	-69	-70	-69	-70	-70	-70	-69	-70	-69.3	-69.7	-65.7	-63.3	-63.1	-63.1	-63	-54.3	-51.6	-54.2
EBT Excluding Unusual Items	4,209	3,566	3,682	3,323	3,982	3,236	2,967	2,946	1,860	2,940	2,504	1,410	435.7	554.4	1,025	142.5	-411.1	390.2	1,204	139
Impairment of Goodwill	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-224.8	-	-	-
Pretax Income	4,209	3,566	3,682	3,323	3,982	3,236	2,967	2,946	1,860	2,940	2,504	1,410	435.7	554.4	1,025	142.5	-635.9	390.2	1,204	139
Income Tax Expense	898	748	731	708	807	669	611	612	401	609	515.3	288.9	90.3	106.5	198.9	18.4	-93	76.3	241.6	20.5
Earnings From Continuing Ops.	3,311	2,818	2,951	2,615	3,175	2,567	2,356	2,334	1,459	2,331	1,988	1,121	345.4	447.9	826.4	124.1	-542.9	313.9	962.3	118.5
Net Income	3,311	2,818	2,951	2,615	3,175	2,567	2,356	2,334	1,459	2,331	1,988	1,121	345.4	447.9	826.4	124.1	-542.9	313.9	962.3	118.5
Preferred Dividends & Other Adjustments	-	-	-	-	-	-	-	-	-	17	10.8	10.4	9.5	7.3	6.8	6.7	6.7	6.7	6.8	6.7
Net Income to Common	3,311	2,818	2,951	2,615	3,175	2,567	2,356	2,334	1,459	2,314	1,978	1,111	335.9	440.6	819.6	117.4	-549.6	307.2	955.5	111.8
Net Income Growth (YoY)	4.28%	9.78%	25.25%	12.04%	117.62%	10.93%	19.13%	110.10%	334.36%	425.19%	141.29%	846.25%	-	43.42%	-14.22%	5.01%	-	-79.15%	-43.04%	-92.66%
Shares Outstanding (Basic)	583	586	586	587	586	586	586	586	585	585	585	585	585	585	584	585	584	584	584	585
Shares Outstanding (Diluted)	584	587	588	588	588	588	588	588	587	587	588	588	587	587	587	587	587	586	587	587
Shares Change (YoY)	-0.61%	-0.14%	0.07%	0.10%	0.07%	0.07%	0.03%	0.02%	0.07%	0.05%	0.07%	0.07%	0.08%	0.12%	0.10%	-	-0.05%	-0.10%	-0.14%	-0.12%
EPS (Basic)	5.68	4.81	5.03	4.46	5.42	4.38	4.02	3.99	2.49	3.95	3.38	1.90	0.57	0.75	1.40	0.20	-0.94	0.53	1.64	0.19
EPS (Diluted)	5.67	4.80	5.02	4.45	5.40	4.37	4.01	3.97	2.48	3.94	3.37	1.89	0.57	0.75	1.39	0.20	-0.94	0.52	1.63	0.19
EPS Growth (YoY)	5.00%	9.84%	25.19%	12.09%	117.74%	10.91%	18.99%	110.05%	335.09%	425.33%	142.45%	845.00%	-	44.23%	-14.74%	5.26%	-	-79.28%	-42.80%	-92.66%

Additional Metrics

Fiscal Quarter	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021
Period Ending	Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021
Free Cash Flow	3,469	4,304	3,049	5,129	3,938	5,084	2,898	4,552	3,199	4,185	2,355	3,383	2,247	2,406	882.6	1,919	1,326	2,429	396.9	2,281
Free Cash Flow Per Share	5.94	7.33	5.18	8.72	6.70	8.65	4.93	7.75	5.45	7.13	4.01	5.76	3.83	4.10	1.50	3.27	2.26	4.14	0.68	3.89
Dividend Per Share	0.100	0.100	0.100	0.100	0.100	0.100	0.100	0.100	0.100	0.100	0.100	0.100	0.100	0.100	0.100	0.100	0.100	0.100	0.100	0.100
Dividend Growth (YoY)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	-97.83%	0%
Operating Margin	18.21%	16.39%	16.50%	15.08%	18.42%	16.20%	14.99%	15.30%	10.64%	17.46%	15.24%	9.52%	3.27%	4.32%	8.08%	1.61%	-3.02%	3.76%	10.06%	1.63%
Profit Margin	14.03%	12.71%	12.98%	11.62%	14.44%	12.58%	11.63%	11.84%	8.05%	13.43%	11.71%	7.14%	2.19%	3.08%	6.09%	0.92%	-4.77%	2.60%	7.65%	0.94%
Free Cash Flow Margin	14.70%	19.41%	13.41%	22.79%	17.90%	24.92%	14.30%	23.09%	17.65%	24.28%	13.95%	21.75%	14.64%	16.83%	6.56%	15.02%	11.52%	20.52%	3.18%	19.25%
EBITDA	4,379	3,711	3,834	3,474	4,130	3,376	3,113	3,086	1,997	3,080	2,646	1,551	574	685.7	1,172	288.9	-264.1	530.2	1,346	282.3
EBITDA Margin	18.56%	16.73%	16.86%	15.44%	18.78%	16.55%	15.36%	15.65%	11.02%	17.87%	15.67%	9.97%	3.74%	4.80%	8.71%	2.26%	-2.29%	4.48%	10.78%	2.38%
D&A For EBITDA	82	75	83	81	79	70	76	70	68	70	73	71.4	72.6	68	83.6	83.3	84	85.7	90.4	89.1
EBIT	4,297	3,636	3,751	3,393	4,051	3,306	3,037	3,016	1,929	3,010	2,573	1,480	501.4	617.7	1,088	205.6	-348.1	444.5	1,256	193.2
EBIT Margin	18.21%	16.39%	16.50%	15.08%	18.42%	16.20%	14.99%	15.30%	10.64%	17.46%	15.24%	9.52%	3.27%	4.32%	8.08%	1.61%	-3.02%	3.76%	10.06%	1.63%
Effective Tax Rate	21.34%	20.98%	19.85%	21.31%	20.27%	20.67%	20.59%	20.77%	21.56%	20.71%	20.58%	20.49%	20.72%	19.21%	19.40%	12.91%	-	19.55%	20.07%	14.75%
Revenue as Reported	23,609	22,188	22,746	22,512	22,004	20,409	20,276	19,719	18,134	17,243	16,892	15,561	15,354	14,303	13,470	12,780	11,519	11,842	12,492	11,859

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 17, 2026

Data Sources Report a data error