The Progressive Corporation (PGR) — Financial statements
Income statement, balance sheet, and cash flow for The Progressive Corporation — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 87,637↑16.3% | 75,343↑21.4% | 62,083↑25.2% | 49,587↑4.0% | 47,677 | |
| Cost of Revenue | 61,807↑13.5% | 54,443↑8.2% | 50,320↑19.7% | 42,040↑12.6% | 37,340 | |
| Gross Profit | 25,830↑23.6% | 20,900↑77.7% | 11,763↑55.9% | 7,547↓27.0% | 10,336 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Expenses | 11,607↑13.9% | 10,187↑48.5% | 6,859↑3.5% | 6,625↑8.1% | 6,126 | |
| Operating Expenses | 11,607↑13.9% | 10,187↑48.5% | 6,859↑3.5% | 6,625↑8.1% | 6,126 | |
| Total Costs & Expenses | 73,414↑13.6% | 64,630↑13.0% | 57,179↑17.5% | 48,665↑12.0% | 43,467 | |
| Operating Results | ||||||
| Operating Income | 14,223↑32.8% | 10,713↑118.5% | 4,904↑431.9% | 922↓78.1% | 4,210 | |
| Depreciation & Amortization | 313↑10.2% | 284↓0.4% | 285↓6.9% | 306↓9.3% | 337 | |
| EBITDA | 14,814↑31.4% | 11,276↑106.6% | 5,457↑270.7% | 1,472↓69.1% | 4,766 | |
| EBIT | 14,501↑31.9% | 10,992↑112.5% | 5,172↑343.6% | 1,166↓73.7% | 4,429 | |
| Interest & Other Income | ||||||
| Net Interest Income | -278↑0.4% | -279↓4.1% | -268↓9.8% | -244↓11.6% | -219 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 278↓0.4% | 279↑4.1% | 268↑9.8% | 244↑11.6% | 219 | |
| Non-Operating Income | -278↑0.4% | -279↓4.1% | -268↓9.8% | -244↓11.6% | -219 | |
| Other Income / Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Income Before Tax | 14,223↑32.8% | 10,713↑118.5% | 4,904↑431.9% | 922↓78.1% | 4,210 | |
| Income Tax Expense | 2,915↑30.5% | 2,233↑123.1% | 1,001↑400.5% | 200↓76.7% | 859 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 11,308↑33.3% | 8,480↑117.3% | 3,903↑440.6% | 722↓78.5% | 3,351 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 11,308↑33.3% | 8,480↑117.3% | 3,903↑440.6% | 722↓78.5% | 3,351 | |
| Bottom-Line Net Income | 11,308↑33.6% | 8,463↑119.0% | 3,865↑456.1% | 695↓79.1% | 3,324 | |
| EPS (Basic) | 19.29↑33.5% | 14.45↑118.6% | 6.61↑455.5% | 1.19↓79.1% | 5.69 | |
| EPS (Diluted) | 19.23↑33.5% | 14.40↑118.8% | 6.58↑457.6% | 1.18↓79.2% | 5.66 | |
| Weighted Average Shares | 586↑0.1% | 586↑0.1% | 585↑0.1% | 584↓0.0% | 585 | |
| Weighted Average Diluted Shares | 588↑0.1% | 588↑0.0% | 588↑0.1% | 587↑0.0% | 587 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.