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Progressive Corp
NYSE:PGR

Watchlist Manager
Progressive Corp Logo
Progressive Corp
NYSE:PGR
Watchlist
Price: 211.06 USD -0.16% Market Closed
Market Cap: $123.7B
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Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Income Statement
Progressive Corp

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Income Statement
Currency: USD
Mar-2002 Jun-2002 Sep-2002 Dec-2002 Mar-2003 Jun-2003 Sep-2003 Dec-2003 Mar-2004 Jun-2004 Sep-2004 Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025 Dec-2025
Revenue
Interest Expense
58
63
68
75
81
86
93
96
92
88
84
81
81
82
83
83
82
81
79
77
76
77
93
109
124
138
137
137
136
137
138
139
141
141
138
134
130
126
128
133
133
132
130
124
123
122
122
118
114
114
114
117
123
128
132
136
138
137
138
141
144
153
155
153
153
151
156
167
177
183
188
190
190
199
208
217
225
225
223
219
217
223
232
244
253
255
262
268
275
279
279
279
279
279
279
0
Gross Premiums Earned
7 483
7 866
8 352
8 918
9 550
10 190
10 803
11 383
11 882
12 342
12 694
13 218
13 474
13 692
13 891
13 805
13 952
14 061
14 124
14 148
14 139
14 082
13 998
13 900
13 794
13 694
13 647
13 648
13 663
13 693
13 723
14 030
14 125
14 274
14 429
14 593
14 506
14 637
14 778
15 192
15 190
15 540
15 937
16 336
16 657
16 939
17 187
17 435
17 664
17 907
18 148
18 764
19 036
19 528
20 070
20 287
20 952
21 528
22 192
22 910
23 629
24 393
25 230
26 227
27 399
28 757
30 179
31 564
32 885
34 101
35 208
36 951
37 954
38 782
39 764
40 092
41 095
42 491
43 921
45 332
46 737
47 908
48 958
50 263
52 030
54 397
56 934
59 864
62 521
65 325
68 817
72 276
75 614
78 784
81 385
83 361
Revenue
7 772
N/A
8 168
+5%
8 726
+7%
9 283
+6%
9 934
+7%
10 596
+7%
11 258
+6%
11 881
+6%
12 441
+5%
12 887
+4%
13 243
+3%
13 768
+4%
13 980
+2%
14 203
+2%
14 388
+1%
14 291
-1%
14 461
+1%
14 578
+1%
14 680
+1%
14 775
+1%
14 800
+0%
14 767
0%
14 753
0%
14 674
-1%
14 575
-1%
14 437
-1%
12 939
-10%
12 831
-1%
12 713
-1%
12 760
+0%
14 160
+11%
14 553
+3%
14 749
+1%
14 850
+1%
15 011
+1%
15 204
+1%
15 180
0%
15 367
+1%
15 405
+0%
15 761
+2%
15 726
0%
16 036
+2%
16 650
+4%
17 069
+3%
17 379
+2%
17 789
+2%
17 888
+1%
18 156
+1%
18 428
+1%
18 574
+1%
18 821
+1%
19 377
+3%
19 564
+1%
20 106
+3%
20 609
+3%
20 832
+1%
21 495
+3%
22 029
+2%
22 690
+3%
23 417
+3%
24 181
+3%
24 967
+3%
25 823
+3%
26 816
+4%
27 924
+4%
29 337
+5%
31 041
+6%
31 955
+3%
33 824
+6%
35 257
+4%
36 292
+3%
38 998
+7%
39 022
+0%
40 545
+4%
41 963
+3%
42 638
+2%
44 760
+5%
45 692
+2%
46 602
+2%
47 677
+2%
48 073
+1%
47 687
-1%
48 609
+2%
49 586
+2%
52 048
+5%
55 882
+7%
58 661
+5%
62 082
+6%
65 021
+5%
67 801
+4%
71 959
+6%
75 343
+5%
78 508
+4%
82 376
+5%
85 166
+3%
87 637
+3%
Operating Income
Operating Expenses
(6 989)
(7 292)
(7 720)
(8 227)
(8 700)
(9 169)
(9 613)
(9 925)
(10 244)
(10 543)
(10 799)
(11 237)
(11 512)
(11 722)
(12 038)
(12 150)
(12 287)
(12 400)
(12 349)
(12 264)
(12 406)
(12 557)
(12 707)
(12 873)
(12 953)
(12 906)
(12 912)
(12 917)
(12 759)
(12 755)
(12 701)
(12 857)
(12 990)
(13 131)
(13 280)
(13 505)
(13 378)
(13 524)
(13 739)
(14 141)
(14 268)
(14 768)
(15 181)
(15 627)
(15 859)
(15 951)
(16 114)
(16 314)
(16 575)
(16 771)
(16 915)
(17 348)
(17 572)
(18 021)
(18 532)
(18 783)
(19 501)
(20 275)
(21 106)
(21 807)
(22 314)
(22 823)
(23 684)
(24 523)
(25 362)
(26 451)
(27 271)
(28 625)
(29 827)
(30 891)
(32 040)
(33 648)
(34 364)
(34 853)
(35 349)
(35 248)
(36 368)
(38 569)
(41 266)
(43 248)
(45 124)
(46 142)
(47 051)
(48 196)
(50 710)
(53 469)
(54 974)
(56 910)
(57 458)
(58 809)
(61 432)
(64 351)
(67 220)
(68 967)
(71 379)
(73 136)
Benefits Claims Loss Adjustment
(6 073)
(6 334)
(6 717)
(7 173)
(7 592)
(8 005)
(8 394)
(8 651)
(8 923)
(9 181)
(9 406)
(9 794)
(10 047)
(10 239)
(10 544)
(10 677)
(10 807)
(10 922)
(10 875)
(10 798)
(10 948)
(11 110)
(11 273)
(11 452)
(11 549)
(11 516)
(11 529)
(11 538)
(11 385)
(11 387)
(11 340)
(11 473)
(11 608)
(11 744)
(11 885)
(12 124)
(11 984)
(12 122)
(12 329)
(12 723)
(12 832)
(13 311)
(13 712)
(14 154)
(14 387)
(14 479)
(14 635)
(14 823)
(15 069)
(15 251)
(15 386)
(15 773)
(15 976)
(16 375)
(16 836)
(17 054)
(17 704)
(18 435)
(19 211)
(19 852)
(20 291)
(20 742)
(21 532)
(22 289)
(23 031)
(23 993)
(24 684)
(25 917)
(26 996)
(27 943)
(28 991)
(30 446)
(31 081)
(30 471)
(30 849)
(30 692)
(31 718)
(34 805)
(37 396)
(39 282)
(41 055)
(42 061)
(42 941)
(43 982)
(46 100)
(48 849)
(50 143)
(51 896)
(52 317)
(53 491)
(55 862)
(58 522)
(61 142)
(62 661)
(63 941)
(65 288)
Policy Acquisition Expense
(896)
(937)
(982)
(1 032)
(1 085)
(1 140)
(1 194)
(1 249)
(1 295)
(1 337)
(1 369)
(1 418)
(1 440)
(1 458)
(1 469)
(1 448)
(1 454)
(1 453)
(1 448)
(1 442)
(1 435)
(1 425)
(1 413)
(1 400)
(1 384)
(1 370)
(1 361)
(1 358)
(1 355)
(1 348)
(1 343)
(1 365)
(1 362)
(1 366)
(1 375)
(1 360)
(1 374)
(1 383)
(1 391)
(1 399)
(1 412)
(1 428)
(1 435)
(1 437)
(1 436)
(1 435)
(1 441)
(1 452)
(1 462)
(1 473)
(1 485)
(1 524)
(1 534)
(1 577)
(1 625)
(1 652)
(1 713)
(1 754)
(1 807)
(1 864)
(1 926)
(1 982)
(2 046)
(2 125)
(2 218)
(2 335)
(2 457)
(2 574)
(2 688)
(2 796)
(2 885)
(3 023)
(3 095)
(3 152)
(3 236)
(3 273)
(3 365)
(3 498)
(3 614)
(3 713)
(3 802)
(3 807)
(3 826)
(3 917)
(4 069)
(4 289)
(4 492)
(4 665)
(4 782)
(4 936)
(5 153)
(5 383)
(5 607)
(5 810)
(5 975)
(6 096)
Other Operating Expenses
(20)
(21)
(21)
(22)
(23)
(24)
(25)
(26)
(25)
(25)
(24)
(25)
(25)
(25)
(25)
(25)
(26)
(26)
(26)
(24)
(23)
(21)
(20)
(21)
(20)
(21)
(22)
(20)
(20)
(19)
(19)
(19)
(20)
(21)
(21)
(21)
(20)
(20)
(19)
(19)
(24)
(29)
(33)
(36)
(37)
(37)
(39)
(39)
(44)
(47)
(45)
(51)
(62)
(70)
(72)
(78)
(83)
(86)
(89)
(92)
(96)
(100)
(105)
(110)
(113)
(123)
(130)
(134)
(143)
(151)
(164)
(179)
(188)
(1 229)
(1 264)
(1 283)
(1 285)
(266)
(256)
(253)
(267)
(274)
(284)
(297)
(541)
(331)
(340)
(349)
(359)
(383)
(418)
(446)
(471)
(496)
(1 463)
(1 752)
Operating Income
784
N/A
877
+12%
1 007
+15%
1 056
+5%
1 234
+17%
1 428
+16%
1 645
+15%
1 955
+19%
2 197
+12%
2 343
+7%
2 444
+4%
2 532
+4%
2 468
-3%
2 481
+1%
2 350
-5%
2 142
-9%
2 174
+2%
2 178
+0%
2 331
+7%
2 511
+8%
2 394
-5%
2 210
-8%
2 046
-7%
1 802
-12%
1 622
-10%
1 531
-6%
27
-98%
(86)
N/A
(47)
+45%
5
N/A
1 459
+28 510%
1 696
+16%
1 760
+4%
1 719
-2%
1 731
+1%
1 699
-2%
1 802
+6%
1 843
+2%
1 666
-10%
1 620
-3%
1 459
-10%
1 268
-13%
1 469
+16%
1 442
-2%
1 519
+5%
1 838
+21%
1 774
-3%
1 843
+4%
1 853
+1%
1 803
-3%
1 905
+6%
2 029
+7%
1 992
-2%
2 085
+5%
2 077
0%
2 049
-1%
1 994
-3%
1 754
-12%
1 584
-10%
1 610
+2%
1 867
+16%
2 145
+15%
2 140
0%
2 293
+7%
2 563
+12%
2 886
+13%
3 770
+31%
3 330
-12%
3 997
+20%
4 367
+9%
4 252
-3%
5 350
+26%
4 658
-13%
5 692
+22%
6 614
+16%
7 390
+12%
8 392
+14%
7 122
-15%
5 336
-25%
4 429
-17%
2 949
-33%
1 545
-48%
1 558
+1%
1 390
-11%
1 339
-4%
2 413
+80%
3 687
+53%
5 172
+40%
7 564
+46%
8 993
+19%
10 527
+17%
10 992
+4%
11 289
+3%
13 410
+19%
13 788
+3%
14 501
+5%
Pre-Tax Income
Interest Income Expense
(58)
(63)
(68)
(75)
(81)
(86)
(93)
(96)
(92)
(88)
(84)
(81)
(81)
(82)
(83)
(83)
(82)
(81)
(79)
(77)
(76)
(77)
(93)
(109)
(124)
(138)
(137)
(137)
(136)
(137)
(138)
(139)
(141)
(141)
(138)
(134)
(130)
(126)
(128)
(133)
(133)
(132)
(130)
(124)
(123)
(122)
(122)
(118)
(114)
(114)
(114)
(117)
(123)
(128)
(132)
(136)
(138)
(137)
(138)
(141)
(144)
(153)
(155)
(153)
(153)
(151)
(156)
(167)
(177)
(183)
(188)
(190)
(190)
(199)
(208)
(217)
(225)
(225)
(223)
(219)
(217)
(223)
(232)
(244)
(253)
(255)
(262)
(268)
(275)
(279)
(279)
(279)
(279)
(279)
(279)
(278)
Non-Reccuring Items
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(4)
(4)
0
0
(5)
(5)
0
0
(1)
(1)
0
1
2
2
2
0
0
(1)
(1)
(1)
(1)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(225)
(225)
(225)
0
0
0
0
0
0
0
0
0
0
0
0
Pre-Tax Income
726
N/A
813
+12%
939
+15%
981
+5%
1 153
+18%
1 341
+16%
1 553
+16%
1 860
+20%
2 105
+13%
2 255
+7%
2 360
+5%
2 451
+4%
2 387
-3%
2 399
+0%
2 267
-5%
2 059
-9%
2 092
+2%
2 097
+0%
2 252
+7%
2 433
+8%
2 318
-5%
2 133
-8%
1 953
-8%
1 693
-13%
1 498
-12%
1 393
-7%
(110)
N/A
(222)
-101%
(183)
+18%
(131)
+28%
1 322
N/A
1 557
+18%
1 619
+4%
1 578
-3%
1 593
+1%
1 565
-2%
1 672
+7%
1 717
+3%
1 538
-10%
1 487
-3%
1 326
-11%
1 136
-14%
1 340
+18%
1 318
-2%
1 397
+6%
1 715
+23%
1 648
-4%
1 720
+4%
1 739
+1%
1 690
-3%
1 787
+6%
1 907
+7%
1 869
-2%
1 957
+5%
1 944
-1%
1 912
-2%
1 856
-3%
1 618
-13%
1 447
-11%
1 471
+2%
1 725
+17%
1 992
+15%
1 985
0%
2 139
+8%
2 408
+13%
2 734
+14%
3 613
+32%
3 164
-12%
3 820
+21%
4 184
+10%
4 064
-3%
5 160
+27%
4 468
-13%
5 493
+23%
6 406
+17%
7 173
+12%
8 166
+14%
6 897
-16%
5 112
-26%
4 210
-18%
2 732
-35%
1 097
-60%
1 101
+0%
922
-16%
1 086
+18%
2 158
+99%
3 426
+59%
4 904
+43%
7 289
+49%
8 714
+20%
10 249
+18%
10 713
+5%
11 009
+3%
13 131
+19%
13 509
+3%
14 223
+5%
Net Income
Tax Provision
(225)
(256)
(299)
(314)
(371)
(433)
(503)
(604)
(681)
(731)
(767)
(802)
(785)
(789)
(741)
(665)
(674)
(673)
(724)
(786)
(744)
(676)
(606)
(511)
(439)
(403)
117
152
106
89
(410)
(499)
(499)
(496)
(519)
(497)
(536)
(548)
(480)
(472)
(416)
(352)
(430)
(415)
(443)
(556)
(533)
(555)
(561)
(543)
(576)
(626)
(614)
(626)
(623)
(611)
(592)
(528)
(438)
(414)
(496)
(586)
(569)
(640)
(610)
(607)
(771)
(543)
(846)
(932)
(898)
(1 180)
(871)
(1 085)
(1 311)
(1 469)
(1 681)
(1 412)
(1 039)
(859)
(548)
(245)
(243)
(201)
(231)
(414)
(685)
(1 001)
(1 503)
(1 815)
(2 137)
(2 233)
(2 294)
(2 699)
(2 795)
(2 915)
Income from Continuing Operations
501
558
640
667
783
909
1 050
1 255
1 424
1 524
1 593
1 649
1 601
1 609
1 526
1 394
1 418
1 424
1 528
1 648
1 574
1 458
1 347
1 183
1 058
990
7
(70)
(77)
(42)
912
1 058
1 121
1 082
1 074
1 068
1 136
1 169
1 058
1 016
910
784
910
902
953
1 159
1 115
1 165
1 178
1 147
1 211
1 281
1 255
1 330
1 321
1 301
1 264
1 090
1 009
1 057
1 229
1 407
1 416
1 499
1 798
2 127
2 842
2 621
2 974
3 252
3 165
3 980
3 596
4 408
5 095
5 705
6 486
5 485
4 073
3 351
2 185
852
857
722
856
1 744
2 741
3 902
5 786
6 899
8 111
8 480
8 716
10 432
10 714
11 308
Income to Minority Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(5)
(13)
(33)
(33)
(32)
(31)
(26)
(32)
(33)
(17)
(6)
(12)
(4)
(15)
(6)
2
(1)
(1)
(10)
(5)
(6)
(4)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Net Income (Common)
501
N/A
558
+11%
640
+15%
667
+4%
783
+17%
909
+16%
1 050
+16%
1 255
+20%
1 424
+13%
1 524
+7%
1 593
+5%
1 649
+3%
1 601
-3%
1 609
+0%
1 526
-5%
1 394
-9%
1 418
+2%
1 424
+0%
1 528
+7%
1 648
+8%
1 574
-4%
1 458
-7%
1 347
-8%
1 183
-12%
1 058
-10%
990
-6%
7
-99%
(70)
N/A
(77)
-10%
(42)
+45%
912
N/A
1 058
+16%
1 121
+6%
1 082
-3%
1 074
-1%
1 068
-1%
1 136
+6%
1 169
+3%
1 058
-9%
1 016
-4%
910
-10%
784
-14%
910
+16%
902
-1%
953
+6%
1 159
+22%
1 115
-4%
1 165
+5%
1 178
+1%
1 147
-3%
1 211
+6%
1 281
+6%
1 255
-2%
1 325
+6%
1 307
-1%
1 268
-3%
1 230
-3%
1 058
-14%
978
-8%
1 031
+5%
1 197
+16%
1 374
+15%
1 399
+2%
1 592
+14%
1 885
+18%
2 215
+18%
2 912
+32%
2 594
-11%
2 949
+14%
3 224
+9%
3 137
-3%
3 943
+26%
3 564
-10%
4 375
+23%
5 064
+16%
5 678
+12%
6 459
+14%
5 458
-15%
4 046
-26%
3 324
-18%
2 158
-35%
825
-62%
831
+1%
695
-16%
828
+19%
1 714
+107%
2 707
+58%
3 865
+43%
5 739
+48%
6 861
+20%
8 084
+18%
8 463
+5%
8 716
+3%
10 432
+20%
10 714
+3%
11 308
+6%
EPS (Diluted)
0.56
N/A
0.63
+12%
0.72
+14%
0.75
+4%
0.88
+17%
1.02
+16%
1.18
+16%
1.42
+20%
1.61
+13%
1.73
+7%
1.81
+5%
1.91
+6%
1.98
+4%
2.01
+2%
1.92
-4%
1.74
-9%
1.79
+3%
1.81
+1%
1.97
+9%
2.1
+7%
2.11
+0%
1.99
-6%
1.89
-5%
1.65
-13%
1.56
-5%
1.46
-6%
0.01
-99%
-0.1
N/A
-0.12
-20%
-0.07
+42%
1.36
N/A
1.57
+15%
1.67
+6%
1.62
-3%
1.62
N/A
1.61
-1%
1.72
+7%
1.8
+5%
1.67
-7%
1.59
-5%
1.49
-6%
1.27
-15%
1.49
+17%
1.48
-1%
1.57
+6%
1.92
+22%
1.85
-4%
1.93
+4%
1.97
+2%
1.92
-3%
2.03
+6%
2.15
+6%
2.12
-1%
2.25
+6%
2.22
-1%
2.15
-3%
2.09
-3%
1.8
-14%
1.67
-7%
1.76
+5%
2.06
+17%
2.36
+15%
2.4
+2%
2.71
+13%
3.21
+18%
3.78
+18%
4.96
+31%
4.42
-11%
5.03
+14%
5.5
+9%
5.35
-3%
6.72
+26%
6.07
-10%
7.45
+23%
8.62
+16%
9.66
+12%
11
+14%
9.3
-15%
6.9
-26%
5.66
-18%
3.68
-35%
1.4
-62%
1.41
+1%
1.18
-16%
1.41
+19%
2.92
+107%
4.59
+57%
6.58
+43%
9.77
+48%
11.68
+20%
13.76
+18%
14.4
+5%
14.83
+3%
17.75
+20%
18.23
+3%
19.23
+5%

See Also

Summary
PGR intrinsic value, competitors valuation, and company profile.
DCF Valuation
PGR stock valuation using Discount Cash Flow valuation method.
Relative Valuation
PGR stock valuation using valuation multiples.
Wall Street Estimates
PGR price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
PGR stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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