The Progressive Corporation (PGR)

PGR Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb 13, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Capitalization	119,875	133,534	140,366	93,173	75,889	60,057
Market Cap Growth	-17.89%	-4.87%	50.65%	22.77%	26.36%	3.77%
Enterprise Value	126,772	140,257	147,122	100,431	82,420	65,178
PE Ratio	10.64	11.81	16.59	24.11	109.19	18.07
PS Ratio	1.37	1.52	1.86	1.50	1.53	1.26
PB Ratio	3.95	4.40	5.49	4.60	4.78	3.29
P/FCF Ratio	-	-	9.46	8.97	11.57	7.99
P/OCF Ratio	-	-	9.28	8.75	11.08	7.74
EV/Sales Ratio	1.45	1.60	1.95	1.62	1.66	1.37
EV/EBITDA Ratio	8.56	9.47	13.05	18.40	48.57	13.68
EV/EBIT Ratio	8.74	9.67	13.38	19.42	59.25	14.72
EV/FCF Ratio	-	-	9.92	9.66	12.57	8.67
Debt / Equity Ratio	0.23	0.23	0.28	0.35	0.40	0.28
Debt / EBITDA Ratio	0.47	0.47	0.62	1.27	3.76	1.05
Debt / FCF Ratio	-	-	0.48	0.68	0.97	0.68
Net Debt / Equity Ratio	0.23	0.23	0.27	0.34	0.39	0.27
Net Debt / EBITDA Ratio	0.47	0.47	0.62	1.28	3.65	1.03
Net Debt / FCF Ratio	-	-	0.47	0.67	0.94	0.65
Quick Ratio	0.30	0.30	0.21	0.23	0.25	0.23
Current Ratio	0.34	0.34	0.29	0.32	0.38	0.35
Asset Turnover	0.77	0.77	0.78	0.76	0.68	0.71
Return on Equity (ROE)	40.45%	40.45%	36.98%	21.58%	4.23%	19.00%
Return on Assets (ROA)	7.92%	7.92%	7.07%	3.94%	1.19%	4.09%
Return on Invested Capital (ROIC)	28.98%	32.99%	28.99%	16.59%	4.78%	15.35%
Earnings Yield	9.43%	8.47%	6.04%	4.19%	0.95%	5.58%
FCF Yield	-	-	10.57%	11.15%	8.64%	12.52%
Dividend Yield	6.80%	6.49%	2.22%	0.79%	0.34%	2.04%
Payout Ratio	72.28%	-	8.04%	7.10%	36.15%	112.61%
Buyback Yield / Dilution	-0.07%	-0.07%	-0.03%	-0.07%	0.02%	0.08%
Total Shareholder Return	6.73%	6.42%	2.19%	0.72%	0.36%	2.12%

Updated Jan 28, 2026. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q