Progressive Corporation (PGR) Financial Statements
Historical financial data — 42 statements covering FY2016–FY2025
Progressive underwrites private and commercial auto insurance and specialty lines; it has almost 27 million personal auto policies in force and is one of the largest auto insurers in the United Sta...
Progressive Corporation's revenue increased 16.3% year over year, from $75.37B to $87.67B.
Net income increased 33.3% over the same period, from $8.48B to $11.31B.
Over the 9-year period from FY2016 to FY2025, revenue grew by 274% in total.
Total debt remained relatively stable at $7.10B.
The debt-to-equity ratio stands at 0.23, indicating a conservative leverage profile.
Operating cash flow grew 16.1% to $17.55B.
Progressive Corporation maintains a healthy net profit margin of 12.9%.
Recent Financial Statements
Quarterly figures are standalone quarters, de-cumulated from YTD filings (Q4 = FY − Q3 YTD when not reported).
| Period | Revenue | Net Income | EBIT | Op. Cash Flow | Total Assets | Total Debt | Equity |
|---|---|---|---|---|---|---|---|
| Q3 FY2024 | $19.72B+8.7% | $2.33B | $2.94B | $4.61B | $105.20B | $6.89B | $27.16B |
| Q4 FY2024 | $20.28B+2.8% | $2.36B | $2.97B | $3.01B | $105.75B | $7.09B | $25.59B |
| Q1 FY2025 | $20.41B+0.7% | $2.57B | $3.24B | $5.14B | $111.41B | $6.89B | $28.95B |
| Q2 FY2025 | $22.00B+7.8% | $3.17B | $3.98B | $4.04B | $115.48B | $6.89B | $32.60B |
| Q3 FY2025 | $22.51B+2.3% | $2.62B | $3.32B | $5.20B | $121.53B | $6.90B | $35.45B |
| Q4 FY2025 | $22.75B+1.0% | $2.95B | $3.68B | $3.17B | $123.04B | $7.10B | $30.32B |
| Q1 FY2026 | $22.19B-2.5% | $2.82B | $3.57B | $4.37B | $122.21B | $8.39B | $32.04B |
| Q2 FY2026 | $23.61B+6.4% | $3.31B | $4.37B | $3.61B | $124.92B | $8.39B | $34.33B |
Balance Sheet Summary (Q2 FY2026)
Progressive Corporation (PGR) Financial Statements & Revenue History
Progressive Corporation (PGR) is a US-listed stock operating in the Financial Services sector, specifically the Fire, Marine & Casualty Insurance industry trading at $218.50 with a market capitalization of $127. This page provides 42 historical financial statements for Progressive Corporation, including income statement, balance sheet, and cash flow data across multiple reporting periods. Most recently, Progressive Corporation reported revenue of $87.7 billion, representing 16.3% year-over-year growth. The net profit margin of 12.9% indicates moderate profitability. The debt-to-equity ratio of 0.23 shows conservative leverage.
PGR Income Statement, Balance Sheet & Cash Flow
The financial statements table above shows Progressive Corporation's revenue, net income, gross profit, EBIT, operating cash flow, total assets, total debt, and shareholders' equity across the most recent reporting periods. Year-over-year growth rates help identify whether PGR is accelerating or decelerating in terms of top-line revenue and bottom-line profitability.
- Revenue trend: Track PGR's top-line growth across quarters and fiscal years to identify acceleration or deceleration in the business.
- Profitability: Net income and gross profit margins reveal how efficiently Progressive Corporation converts revenue into earnings.
- Balance sheet health: Total assets, liabilities, debt, and equity provide a snapshot of PGR's financial position and leverage.
- Cash flow: Operating cash flow shows how much cash the business generates from its core operations, which is critical for funding dividends, buybacks, and growth.
How to Use PGR Financial Data
Investors use Progressive Corporation's financial statements to assess the company's financial health, growth trajectory, and valuation. Key metrics to focus on include:
- Revenue growth rate: Consistent double-digit revenue growth suggests a strong business; declining revenue may signal competitive pressure.
- Net profit margin: Higher margins indicate a more efficient business with pricing power. Compare PGR's margins to sector peers for context.
- Debt levels: High debt-to-equity ratios increase financial risk, especially in rising-rate environments. Low debt provides flexibility.
- Valuation multiples: See how PGR's P/E, P/S, and EV/EBITDA ratios compare to historical levels.
- Full analysis: View PGR's financial health score, earnings, and pre-market pricing.
Financial data is sourced from Progressive Corporation's SEC filings (10-K, 10-Q) via Polygon.io and Finnhub.PGR trades on NYSE. This page is for informational purposes only and is not financial advice.