PGR · Progressive Corp/Oh/ - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · PGR

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$87.67B	$75.37B	$62.11B	$49.61B	$47.70B	$42.66B
Cost of Revenue	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-
R&D	-	-	-	-	-	-
SG&A	-	-	-	-	-	-
Total Operating Expenses	-	-	-	-	-	-
D&A	$313.00M	$284.00M	$285.50M	$305.60M	$279.70M	$274.90M
Operating Income	$14.22B	$10.71B	$4.90B	$922.10M	$4.21B	$7.17B
Interest Expense	$278.00M	$279.00M	$268.40M	$243.50M	$218.60M	$217.00M
Income Tax	$2.92B	$2.23B	$1.00B	$200.60M	$859.10M	$1.47B
Net Income	$11.31B	$8.48B	$3.90B	$721.50M	$3.35B	$5.70B
EPS - Basic	$19.29	$14.45	$6.61	$1.19	$5.69	$9.71
EPS - Diluted	$19.23	$14.40	$6.58	$1.18	$5.66	$9.66

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$138.00M	$154.00M	$99.60M	$220.90M	$202.10M	$76.50M
Accounts Receivable	-	-	-	-	-	-
Inventory	-	-	-	-	-	-
Accounts Payable	-	-	-	-	-	-
Current Assets	-	-	-	-	-	-
Total Assets	$123.04B	$105.75B	$88.69B	$75.47B	$71.13B	$64.10B
Current Liabilities	-	-	-	-	-	-
Long-term Debt	-	-	-	-	-	-
Total Liabilities	$92.72B	$80.15B	$68.41B	$59.57B	$52.90B	$47.06B
Stockholders' Equity	$30.32B	$25.59B	$20.28B	$15.89B	$18.23B	$17.04B
Retained Earnings	$27.33B	$24.28B	$18.80B	$15.72B	$15.34B	$13.35B

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	$17.55B	$15.12B	$10.64B	$6.85B	$7.76B	$6.91B
Investing Cash Flow	($14.53B)	($13.75B)	($10.84B)	($7.96B)	($3.12B)	($6.12B)
Financing Cash Flow	($3.04B)	($1.32B)	$78.00M	$1.13B	($4.52B)	($938.80M)
CapEx	$348.00M	$285.00M	$252.00M	$292.00M	$243.50M	$223.50M
Free Cash Flow	$17.20B	$14.83B	$10.39B	$6.56B	$7.52B	$6.68B

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	-	-	-	-	-	-
Operating margin	16.2%	14.2%	7.9%	1.9%	8.8%	16.8%
EBITDA margin	16.6%	14.6%	8.4%	2.5%	9.4%	17.5%
Net margin	12.9%	11.3%	6.3%	1.5%	7.0%	13.4%
Free cash flow margin	19.6%	19.7%	16.7%	13.2%	15.8%	15.7%
FCF / Net income	1.52	1.75	2.66	9.09	2.24	1.17
R&D / Revenue	-	-	-	-	-	-
SG&A / Revenue	-	-	-	-	-	-
Effective tax rate	20.5%	20.8%	20.4%	21.8%	20.4%	20.5%
Return on assets	9.2%	8.0%	4.4%	1.0%	4.7%	8.9%
Return on equity	37.3%	33.1%	19.2%	4.5%	18.4%	33.5%
Return on invested capital	-	-	-	-	-	-
Liquidity
Current ratio	-	-	-	-	-	-
Quick ratio	-	-	-	-	-	-
Cash ratio	-	-	-	-	-	-
Leverage
Debt / Equity	-	-	-	-	-	-
Debt / Assets	-	-	-	-	-	-
Debt / EBITDA	-	-	-	-	-	-
Interest coverage	51.2x	38.4x	18.3x	3.8x	19.3x	33.1x
Equity multiplier	4.06	4.13	4.37	4.75	3.90	3.76
Liabilities / Assets	0.75	0.76	0.77	0.79	0.74	0.73
Efficiency
Asset turnover	0.71	0.71	0.70	0.66	0.67	0.67
Inventory turnover	-	-	-	-	-	-
Days sales outstanding	-	-	-	-	-	-
Days inventory outstanding	-	-	-	-	-	-
Days payable outstanding	-	-	-	-	-	-
Cash conversion cycle	-	-	-	-	-	-
Valuation
P / E	11.8x	16.6x	24.2x	109.9x	18.1x	10.2x
P / B	4.4x	5.5x	4.6x	4.8x	3.3x	3.4x
P / S	1.5x	1.9x	1.5x	1.5x	1.3x	1.4x
EV / EBITDA	9.2x	12.8x	18.0x	61.8x	13.4x	7.8x
Growth
Revenue growth (YoY)	16.3%	21.4%	25.2%	4.0%	11.8%	9.3%
Revenue CAGR (3y)	20.9%	16.5%	13.3%	8.3%	14.3%	16.7%
Revenue CAGR (5y)	15.5%	14.1%	14.2%	13.1%	15.3%	15.4%
Gross profit growth (YoY)	-	-	-	-	-	-
Operating income growth (YoY)	32.8%	118.5%	431.8%	-78.1%	-41.3%	39.0%
Net income growth (YoY)	33.3%	117.3%	440.9%	-78.5%	-41.3%	43.7%
EPS growth (YoY)	33.5%	118.8%	457.6%	-79.2%	-41.4%	43.8%
EPS CAGR (3y)	153.5%	36.5%	-12.0%	-44.0%	8.6%	52.6%
EPS CAGR (5y)	14.8%	16.5%	8.3%	-15.4%	26.3%	35.1%
FCF growth (YoY)	15.9%	42.8%	58.5%	-12.8%	12.5%	13.3%
FCF CAGR (5y)	20.8%	20.3%	11.5%	12.7%	24.8%	25.3%
Book value growth (YoY)	18.5%	26.2%	27.6%	-12.8%	7.0%	24.6%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2023-12-31.

Product / service

$24.64B total

Underwriting Operations$21.20B · 86.0%

Investments Member$2.24B · 9.1%

Fees And Other Revenues$889.10M · 3.6%

Non Insurance Service Business$310.10M · 1.3%

Stability scores

Piotroski F-score

FY 2025 · 9-point quality

5/9

Neutral

✓Net income positive
✓Operating cash flow positive
✓ROA improved YoY
✓Cash flow > net income
-Long-term debt decreased
-Current ratio improved
✓No share dilution
-Gross margin improved
✗Asset turnover improved

Peer comparison

Same SIC group: Fire, Marine & Casualty Insurance

Company	Revenue (last FY)	Net margin	ROE
DGICA	$978.01M	8.1%	12.4%
AIG	$26.77B	11.6%	7.5%
TRV	$48.83B	12.9%	19.1%
CINF	$12.63B	18.9%	15.0%
THG	$6.59B	10.0%	18.5%

Comparing PROGRESSIVE CORP/OH/ against the 5 most active filers in the same SIC group.

Dividends

$13.90/share trailing 12 months · +183.7% YoY

Ex-date	Per share
Apr 2, 2026	$0.1000
Jan 2, 2026	$13.6000
Oct 2, 2025	$0.1000
Jul 3, 2025	$0.1000
Apr 3, 2025	$0.1000
Jan 10, 2025	$4.6000
Oct 3, 2024	$0.1000
Jul 3, 2024	$0.1000
Apr 3, 2024	$0.1000
Jan 18, 2024	$0.8500
Oct 4, 2023	$0.1000
Jul 6, 2023	$0.1000
Apr 5, 2023	$0.1000
Jan 5, 2023	$0.1000
Oct 6, 2022	$0.1000
Jul 6, 2022	$0.1000
Apr 6, 2022	$0.1000
Jan 6, 2022	$0.1000
Dec 17, 2021	$1.5000
Oct 6, 2021	$0.1000
Jul 6, 2021	$0.1000
Apr 6, 2021	$0.1000
Jan 7, 2021	$4.6000
Oct 6, 2020	$0.1000