PROGRESSIVE CORP/OH/ PGR

Financials SIC 6331 - Fire, Marine & Casualty Insurance NAICS Finance and Insurance › Insurance Carriers and Related Activities › Insurance Carriers › Direct Insurance (except Life, Health, and Medical) Carriers › Direct Property and Casualty Insurance Carriers derived NYSE

Last close 229.25 2026-10-26
Market cap $133.28B 2026-06-30 share count
52-week range 189.20 - 239.38

Valuation FY2025 figures against the last close

P/S1.5x
P/E11.9x
P/FCF7.7x
EV/EBITDA—
Dividend yield2.2%
Diluted EPS19.23

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $87.67B$75.37B$62.11B$49.61B$47.70B$42.66B$39.02B$31.98B$26.84B$23.44B
Pre-tax income $14.22B$10.71B$4.90B$922.0M$4.21B$7.17B$5.16B$3.16B$2.14B$1.47B
Income tax $2.92B$2.23B$1.00B$200.0M$859.1M$1.47B$1.18B$542.6M$540.8M$413.5M
Net income $11.31B$8.48B$3.90B$722.0M$3.35B$5.70B$3.97B$2.62B$1.59B$1.03B
EPS, basic 19.2914.456.611.195.699.716.754.452.741.77
EPS, diluted 19.2314.406.581.185.669.666.724.422.721.76
Shares, diluted (wtd. avg.) 588.1M587.7M587.5M587.1M587.1M587.6M587.2M586.7M585.7M585.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $138.0M$154.0M$100.0M$221.0M$202.0M$76.5M$227.4M$75.0M$275.3M$226.4M
Short-term investments $10.01B$615.0M$1.79B$2.86B$942.6M$5.22B$1.80B$1.80B$2.87B$3.57B
Property, plant and equipment $783.0M$790.0M$881.0M$1.03B$1.14B$1.11B$1.21B$1.13B$1.12B$1.18B
Goodwill —$228.0M$228.0M$227.9M$452.7M$452.7M$452.7M$452.7M$452.7M$449.4M
Other intangibles ———$86.3M$117.3M$171.4M$228.3M$294.6M$366.6M$432.8M
Total assets $123.04B$105.75B$88.69B$75.47B$71.13B$64.10B$54.91B$46.58B$38.70B$33.43B
Short-term debt $0$0$0$0$0$500.0M————
Total liabilities $92.72B$80.15B$68.41B$59.57B$52.90B$47.06B$41.01B$35.54B$28.91B$24.99B
Retained earnings $27.33B$24.28B$18.80B$15.72B$15.34B$13.35B$10.68B$8.39B$6.03B$5.14B
Total equity $30.32B$25.59B$20.28B$15.89B$18.23B$17.04B$13.67B$10.82B$9.28B$7.96B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $17.55B$15.12B$10.64B$6.85B$7.76B$6.91B$6.26B$6.28B$3.76B$2.73B
Depreciation and amortisation $313.0M$284.0M$285.0M$306.0M$279.7M$274.9M$239.8M$190.4M$169.9M$137.4M
Capital expenditure $348.0M$285.0M$252.0M$292.0M$243.5M$223.5M$363.5M$266.0M$155.7M$215.0M
Investing cash flow -$14.53B-$13.75B-$10.84B-$7.96B-$3.12B-$6.12B-$4.34B-$7.03B-$3.41B-$2.48B
Financing cash flow -$3.04B-$1.32B$78.0M$1.13B-$4.52B-$938.8M-$1.77B$549.8M-$300.9M-$250.4M
Dividends paid $2.87B$674.0M$234.0M$234.0M$3.75B$1.55B$1.64B$654.9M$395.4M$519.0M
Buybacks —————————$192.5M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000080661-26-000086.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 25B 50B 75B 100B Revenue, FY2016: 23.4B Net income, FY2016: 1B Revenue, FY2017: 26.8B Net income, FY2017: 1.6B Revenue, FY2018: 32B Net income, FY2018: 2.6B Revenue, FY2019: 39B Net income, FY2019: 4B Revenue, FY2020: 42.7B Net income, FY2020: 5.7B Revenue, FY2021: 47.7B Net income, FY2021: 3.4B Revenue, FY2022: 49.6B Net income, FY2022: 722M Revenue, FY2023: 62.1B Net income, FY2023: 3.9B Revenue, FY2024: 75.4B Net income, FY2024: 8.5B Revenue, FY2025: 87.7B Net income, FY2025: 11.3B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $23.44B $26.84B $31.98B $39.02B $42.66B $47.70B $49.61B $62.11B $75.37B $87.67B
Gross profit — — — — — — — — — —
Net income $1.03B $1.59B $2.62B $3.97B $5.70B $3.35B $722.0M $3.90B $8.48B $11.31B

Recent filings and events

  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Regulation FD disclosure Item 7.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01
  • Officer or director change Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 6331

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ACGL ARCH CAPITAL GROUP LTD. $34.92B 8.8x 14.3%
WRB BERKLEY W R CORP $27.39B 16.6x 9.9%
CINF CINCINNATI FINANCIAL CORP $27.21B 11.7x 11.4%