The Progressive Corporation (PGR)

NYSE: PGR · Real-Time Price · USD

232.22

+7.02 (3.12%)

At close: Jul 2, 2026, 4:00 PM EDT

232.49

+0.27 (0.12%)

After-hours: Jul 2, 2026, 7:59 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	Mar '26 Mar 31, 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	83,220	81,661	70,799	58,665	49,241	44,369
Investment Income	3,686	3,583	2,832	1,892	1,260	860.9
Net Gains on Investments	820	727	264	353	-1,912	1,509
Total Other Revenues	1,725	1,700	1,477	1,199	1,022	963.2
Revenue	89,450	87,671	75,372	62,109	49,611	47,702
Revenue Growth (YoY)	13.89%	16.32%	21.35%	25.19%	4.00%	11.82%
Insurance Benefits & Claims	54,982	53,959	49,060	45,655	38,123	33,628
Policy Amortization Costs	6,178	6,096	5,383	4,665	3,917	3,713
Investment Expense	35	34	29	26	24	25.5
Other Operating Expenses	12,200	13,081	9,908	6,591	6,381	5,908
Operating Income	16,055	14,501	10,992	5,172	1,166	4,429
Interest Expense	-278	-278	-279	-268	-244	-218.6
Total Non-Operating Income (Expense)	-278	-278	-279	-268	-244	-218.6
Pretax Income	14,553	14,223	10,713	4,904	922	4,210
Provision for Income Taxes	2,994	2,915	2,233	1,001	200	859.1
Net Income	11,559	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	8,741	11,308	8,463	3,865	695	3,324
Net Income Growth	0.29%	33.62%	118.97%	456.11%	-79.09%	-41.45%
Shares Outstanding (Basic)	586	586	586	585	584	586
Shares Outstanding (Diluted)	588	588	588	588	587	589
Shares Change (YoY)	0.03%	0.07%	0.03%	0.07%	-0.26%	0.17%
EPS (Basic)	19.73	19.29	14.45	6.61	1.19	5.72
EPS (Diluted)	19.67	19.23	14.40	6.58	1.18	5.69
EPS Growth	58.37%	33.54%	118.84%	457.63%	-79.26%	-41.10%
Free Cash Flow	16,972	17,200	14,834	10,391	6,557	7,518
Free Cash Flow Growth	-1.33%	15.95%	42.76%	58.47%	-12.78%	12.51%
Free Cash Flow Per Share	28.88	29.25	25.24	17.69	11.17	12.77
Dividends Per Share	0.400	0.400	0.400	0.400	0.400	0.400
Operating Margin	17.95%	16.54%	14.58%	8.33%	2.35%	9.28%
Profit Margin	12.92%	12.90%	11.25%	6.28%	1.46%	7.02%
FCF Margin	18.97%	19.62%	19.68%	16.73%	13.22%	15.76%
EBITDA	16,373	14,814	11,276	5,457	1,472	4,766
EBITDA Margin	18.30%	16.90%	14.96%	8.79%	2.97%	9.99%
EBIT	16,055	14,501	10,992	5,172	1,166	4,429
EBIT Margin	17.95%	16.54%	14.58%	8.33%	2.35%	9.28%
Effective Tax Rate	20.57%	20.50%	20.84%	20.41%	21.69%	20.41%

SEC Filings: 10-K · 10-Q