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Progressive Corporation (PGR)

NYSE Financials Property & Casualty Insurance S&P 500
$227.77
-5.41 (-2.32%)
Close of Nov 06, 2026 · end-of-day data
Source: Progressive Corporation's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 03, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$23.44B$26.84B$31.98B$39.02B$42.66B$47.70B$49.61B$62.11B$75.37B$87.67B
Interest expense$140.90M$153.10M$166.50M$189.70M$217.00M$218.60M$244.00M$268.00M$279.00M$278.00M
Pre-tax income$1.47B$2.14B$3.16B$5.16B$7.17B$4.21B$922.00M$4.90B$10.71B$14.22B
Income tax$413.50M$540.80M$542.60M$1.18B$1.47B$859.10M$200.00M$1.00B$2.23B$2.92B
Net income$1.03B$1.59B$2.62B$3.97B$5.70B$3.35B$722.00M$3.90B$8.48B$11.31B
EPS (basic)$1.77$2.74$4.45$6.75$9.71$5.69$1.19$6.61$14.45$19.29
EPS (diluted)$1.76$2.72$4.42$6.72$9.66$5.66$1.18$6.58$14.40$19.23
Diluted shares585.00M585.70M586.70M587.20M587.60M587.10M587.10M587.50M587.70M588.10M
Net margin4.4%5.9%8.2%10.2%13.4%7.0%1.5%6.3%11.3%12.9%

Balance sheet

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$226.40M$275.30M$75.00M$227.40M$76.50M$202.00M$221.00M$100.00M$154.00M$138.00M
Short-term investments$3.57B$2.87B$1.80B$1.80B$5.22B$942.60M$2.86B$1.79B$615.00M$10.01B
Goodwill$449.40M$452.70M$452.70M$452.70M$452.70M$452.70M$227.90M$228.00M$228.00M—
Total assets$33.43B$38.70B$46.58B$54.91B$64.10B$71.13B$75.47B$88.69B$105.75B$123.04B
Short-term debt————$500.00M$0$0$0$0$0
Total debt————$500.00M$0$0$0$0$0
Total liabilities$24.99B$28.91B$35.54B$41.01B$47.06B$52.90B$59.57B$68.41B$80.15B$92.72B
Shareholders' equity$7.96B$9.28B$10.82B$13.67B$17.04B$18.23B$15.89B$20.28B$25.59B$30.32B

Cash flow

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$2.73B$3.76B$6.28B$6.26B$6.91B$7.76B$6.85B$10.64B$15.12B$17.55B
Capital expenditures$215.00M$155.70M$266.00M$363.50M$223.50M$243.50M$292.00M$252.00M$285.00M$348.00M
Free cash flow$2.52B$3.60B$6.02B$5.90B$6.68B$7.52B$6.56B$10.39B$14.83B$17.20B
Investing cash flow-$2.48B-$3.41B-$7.03B-$4.34B-$6.12B-$3.12B-$7.96B-$10.84B-$13.75B-$14.53B
Financing cash flow-$250.40M-$300.90M$549.80M-$1.77B-$938.80M-$4.52B$1.13B$78.00M-$1.32B-$3.04B
Dividends paid$519.00M$395.40M$654.90M$1.64B$1.55B$3.75B$234.00M$234.00M$674.00M$2.87B
Share buybacks$192.50M—————————
Stock-based compensation———————$121.00M$122.00M$132.00M
Depreciation & amortization$137.40M$169.90M$190.40M$239.80M$274.90M$279.70M$306.00M$285.00M$284.00M$313.00M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.