The Progressive Corporation (PGR)

PGR Income Statement

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

Fiscal Quarter	Q3 2026	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
Period Ending	Sep 30, 2026	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
Premiums & Annuity Revenue	21,869	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
Total Interest & Dividend Income	1,025	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
Gain (Loss) on Sale of Investments	-170	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
Other Revenue	458	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
Total Revenue	23,182	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
Revenue Growth (YoY)	3.02%	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%
Policy Benefits	14,904	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
Policy Acquisition & Underwriting Costs	4,803	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
Other Operating Expenses	152	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
Total Operating Expenses	19,859	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
Operating Income	3,323	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
Interest Expense	-87	-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
EBT Excluding Unusual Items	3,236	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
Impairment of Goodwill	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-224.8	-	-
Pretax Income	3,236	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
Income Tax Expense	694	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
Earnings From Continuing Ops.	2,542	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
Net Income	2,542	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
Preferred Dividends & Other Adjustments	-	-	-	-	-	-	-	-	-	-	17	10.8	10.4	9.5	7.3	6.8	6.7	6.7	6.7	6.8
Net Income to Common	2,542	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
Net Income Growth (YoY)	-2.79%	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%
Shares Outstanding (Basic)	581	583	586	586	587	586	586	586	586	585	585	585	585	585	585	584	585	584	584	584
Shares Outstanding (Diluted)	582	584	587	588	588	588	588	588	588	587	587	588	588	587	587	587	587	587	586	587
Shares Change (YoY)	-1.02%	-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%
EPS (Basic)	4.38	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
EPS (Diluted)	4.37	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
EPS Growth (YoY)	-1.80%	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%

Additional Metrics

Fiscal Quarter	Q3 2026	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
Period Ending	Sep 30, 2026	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
Free Cash Flow	4,402	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
Free Cash Flow Per Share	7.56	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
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%	0%	-97.83%
Operating Margin	14.33%	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%
Profit Margin	10.96%	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%
Free Cash Flow Margin	18.99%	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%
EBITDA	3,420	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
EBITDA Margin	14.75%	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%
D&A For EBITDA	97	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
EBIT	3,323	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
EBIT Margin	14.33%	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%
Effective Tax Rate	21.45%	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%
Revenue as Reported	23,192	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

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Sep 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:

Nov 4, 2026

Data Sources Report a data error