PROGRESSIVE CORP/OH/ PGR
Last close
218.95
2026-09-04
Market cap
$127.29B
2026-06-30 share count
52-week range
189.20 - 249.71
Valuation FY2025 figures against the last close
P/S1.5x
P/E11.4x
P/FCF7.4x
EV/EBITDA—
Dividend yield2.3%
Diluted EPS19.23
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 19.29 | 14.45 | 6.61 | 1.19 | 5.69 | 9.71 | 6.75 | 4.45 | 2.74 | 1.77 |
| EPS, diluted | 19.23 | 14.40 | 6.58 | 1.18 | 5.66 | 9.66 | 6.72 | 4.42 | 2.72 | 1.76 |
| Shares, diluted (wtd. avg.) | $588.1M | $587.7M | $587.5M | $587.1M | $587.1M | $587.6M | $587.2M | $586.7M | $585.7M | $585.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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.
Others in SIC 6331
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| CB | Chubb Ltd | $132.49B | 13.3x | 6.5% |
| TRV | TRAVELERS COMPANIES, INC. | $77.04B | 13.5x | 5.2% |
| ALL | ALLSTATE CORP | $65.63B | 6.8x | 5.6% |
| AIG | AMERICAN INTERNATIONAL GROUP, INC. | $39.85B | 14.0x | -1.7% |
| HIG | HARTFORD INSURANCE GROUP, INC. | $37.48B | 10.4x | 3.3% |
| ACGL | ARCH CAPITAL GROUP LTD. | $33.47B | 8.5x | 14.3% |
| CINF | CINCINNATI FINANCIAL CORP | $26.26B | 11.3x | 11.4% |
| WRB | BERKLEY W R CORP | $25.67B | 15.5x | 9.9% |