PGR
Progressive Corp
NYSE: PGR · FINANCIAL SERVICES · INSURANCE - PROPERTY & CASUALTY
$201.28
+0.31% today
Updated 2026-04-30
Market cap
$117.63B
P/E ratio
10.24
P/S ratio
1.32x
EPS (TTM)
$19.66
Dividend yield
6.88%
52W range
$188 – $272
Volume
2.9M
Progressive Corp (PGR) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $14.79B | $14.69B | $12.84B | $14.56B | $15.20B | $15.76B | $17.07B | $18.16B | $19.38B | $20.83B | $23.42B | $26.82B | $31.95B | $39.00B | $42.64B | $47.68B | $49.59B | $62.08B | $75.34B | $87.64B |
| Revenue growth (YoY) | — | -0.7% | -12.6% | +13.4% | +4.4% | +3.7% | +8.3% | +6.4% | +6.7% | +7.5% | +12.4% | +14.5% | +19.2% | +22.0% | +9.3% | +11.8% | +4.0% | +25.2% | +21.4% | +16.3% |
| Cost of revenue | $12.24B | $11.33B | $11.37B | $11.27B | $11.49B | $12.03B | $13.38B | $13.92B | $14.83B | $15.99B | $18.74B | $20.93B | $24.29B | $28.49B | $28.39B | $37.34B | $42.04B | $50.32B | $54.44B | $61.81B |
| Gross profit | $2.55B | $3.36B | $1.47B | $3.29B | $3.71B | $3.73B | $3.69B | $4.23B | $4.55B | $4.84B | $4.67B | $5.88B | $7.66B | $10.50B | $14.24B | $10.34B | $7.55B | $11.76B | $20.90B | $25.83B |
| Gross margin | 17.2% | 22.9% | 11.4% | 22.6% | 24.4% | 23.6% | 21.6% | 23.3% | 23.5% | 23.2% | 20.0% | 21.9% | 24.0% | 26.9% | 33.4% | 21.7% | 15.2% | 18.9% | 27.7% | 29.5% |
| R&D | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $24.40M | $20.50M | $20.40M | $19.40M | $21.40M | $19.40M | $36.10M | $38.80M | $50.90M | $77.50M | $92.00M | $109.50M | $134.10M | $178.90M | — | — | — | — | — | — |
| Operating income | $2.43B | $1.69B | $-222.30M | $1.56B | $1.57B | $1.49B | $1.32B | $1.72B | $1.91B | $1.91B | $1.47B | $2.14B | $3.16B | $5.16B | $7.17B | $4.21B | $922.00M | $4.90B | $10.71B | $14.22B |
| Operating margin | 16.5% | 11.5% | -1.7% | 10.7% | 10.3% | 9.4% | 7.7% | 9.5% | 9.8% | 9.2% | 6.3% | 8.0% | 9.9% | 13.2% | 16.8% | 8.8% | 1.9% | 7.9% | 14.2% | 16.2% |
| EBITDA | $2.61B | $1.94B | $48.00M | $1.82B | $1.78B | $1.71B | $1.54B | $1.94B | $2.12B | $2.20B | $1.81B | $2.53B | $3.59B | $5.66B | $7.72B | $4.77B | $1.47B | $5.46B | $11.28B | $14.81B |
| EBITDA margin | 17.7% | 13.2% | 0.4% | 12.5% | 11.7% | 10.8% | 9.0% | 10.7% | 10.9% | 10.6% | 7.7% | 9.4% | 11.2% | 14.5% | 18.1% | 10.0% | 3.0% | 8.8% | 15.0% | 16.9% |
| EBIT | $2.51B | $1.80B | $-85.60M | $1.70B | $1.70B | $1.62B | $1.44B | $1.84B | $2.02B | $2.05B | $1.61B | $2.29B | $3.33B | $5.35B | $7.39B | $4.43B | $1.17B | $5.17B | $10.99B | $14.50B |
| Interest expense | $77.30M | $108.60M | $136.70M | $139.00M | $133.50M | $132.70M | $123.80M | $118.20M | $116.90M | $136.00M | $140.90M | $153.10M | $166.50M | $189.70M | $217.00M | $218.60M | $244.00M | $268.00M | $279.00M | $278.00M |
| Income tax | $785.70M | $510.50M | $-152.30M | $499.40M | $496.90M | $471.50M | $415.40M | $554.60M | $626.40M | $611.10M | $413.50M | $540.80M | $542.60M | $1.18B | $1.47B | $859.10M | $200.00M | $1.00B | $2.23B | $2.67B |
| Effective tax rate | 32.3% | 30.2% | 68.5% | 32.1% | 31.7% | 31.7% | 31.5% | 32.2% | 32.8% | 32.5% | 28.6% | 25.4% | 17.2% | 22.9% | 20.5% | 20.4% | 21.7% | 20.4% | 20.8% | 19.1% |
| Net income | $1.65B | $1.18B | $-70.00M | $1.06B | $1.07B | $1.02B | $902.30M | $1.17B | $1.28B | $1.27B | $1.03B | $1.59B | $2.62B | $3.97B | $5.70B | $3.35B | $722.00M | $3.90B | $8.48B | $11.31B |
| Net income growth (YoY) | — | -28.2% | -105.9% | +1610.7% | +1.0% | -4.9% | -11.1% | +29.2% | +9.9% | -1.0% | -18.7% | +54.4% | +64.3% | +51.8% | +43.7% | -41.3% | -78.5% | +440.6% | +117.3% | +33.3% |
| Profit margin | 11.1% | 8.1% | -0.5% | 7.3% | 7.0% | 6.4% | 5.3% | 6.4% | 6.6% | 6.1% | 4.4% | 5.9% | 8.2% | 10.2% | 13.4% | 7.0% | 1.5% | 6.3% | 11.3% | 12.9% |