PGR · XBRL financial data
Progressive financial statements, every fiscal year
The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (PGR's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Revenue | 42,658 | 47,702 | 49,611 | 62,109 | 75,372 | 87,671 |
| Interest expense | 217 | 219 | 244 | 268 | 279 | 278 |
| Income tax expense (benefit) | 1,469 | 859 | 201 | 1,001 | 2,233 | 2,915 |
| Net income (loss) | 5,705 | 3,351 | 722 | 3,902 | 8,480 | 11,308 |
| Earnings per share, basic USD per share | 9.71 | 5.69 | 1.19 | 6.61 | 14.45 | 19.29 |
| Earnings per share, diluted USD per share | 9.66 | 5.66 | 1.18 | 6.58 | 14.40 | 19.23 |
| Weighted average shares, basic millions of shares | 585 | 585 | 584 | 585 | 586 | 586 |
| Weighted average shares, diluted millions of shares | 588 | 587 | 587 | 588 | 588 | 588 |
Balance sheet
CSVFiscal years (PGR's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 77 | 202 | 221 | 100 | 154 | 138 |
| Short-term investments | 5,219 | 943 | 2,862 | 1,790 | 615 | 10,005 |
| Property and equipment, net | 1,106 | 1,137 | 1,034 | 881 | 790 | 783 |
| Right-of-use asset | 166 | 173 | 131 | 173 | 193 | 199 |
| Goodwill | 453 | 453 | 228 | 228 | 228 | — |
| Total assets | 64,098 | 71,132 | 75,465 | 88,691 | 105,745 | 123,039 |
| Current portion of long-term debt | 500 | 0 | 0 | 0 | 0 | 0 |
| Total liabilities | 47,060 | 52,901 | 59,574 | 68,414 | 80,154 | 92,716 |
| Retained earnings | 13,355 | 15,340 | 15,721 | 18,801 | 24,283 | 27,327 |
| Total stockholders' equity | 17,039 | 18,232 | 15,891 | 20,277 | 25,591 | 30,323 |
| Total liabilities and equity | 64,098 | 71,132 | 75,465 | 88,691 | 105,745 | 123,039 |
| Common shares outstanding (cover page) millions of shares | 586 | 585 | 585 | 586 | 586 | 586 |
Cash flows
CSVFiscal years (PGR's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Net income (loss) | 5,705 | 3,351 | 722 | 3,902 | 8,480 | 11,308 |
| Net cash from operating activities | 6,906 | 7,762 | 6,849 | 10,643 | 15,119 | 17,548 |
| Purchases of property and equipment | 224 | 244 | 292 | 252 | 285 | 348 |
| Net cash from investing activities | (6,118) | (3,120) | (7,956) | (10,843) | (13,749) | (14,527) |
| Dividends paid | 1,551 | 3,747 | 234 | 234 | 674 | 2,871 |
| Repayments of long-term debt | 0 | 500 | 0 | 0 | — | — |
| Net cash from financing activities | (939) | (4,516) | 1,126 | 78 | (1,316) | (3,037) |
| Net change in cash | (151) | 126 | 19 | (121) | 54 | (16) |
Compare with peers
SIC 6331 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 6331 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
| Company | Cash ($M) | Revenue, quarter ($M) | Operating cash flow, quarter ($M) | Shares outstanding | Quarter |
|---|---|---|---|---|---|
| Progressive | 141 | 23,192 | 4,518* | 579.4M | 10-QSep 30, 2026 |
| Chubb | 3,010 | 16,195 | 6,071* | 382.1M | 10-QSep 30, 2026 |
| Travelers Companies | 766 | 12,412 | 3,878* | 204.9M | 10-QSep 30, 2026 |
| Allstate | 549 | 17,348 | 3,783* | 247.4M | 10-QSep 30, 2026 |
| American International Group | 1,724 | 7,443 | 2,691* | 518.4M | 10-QSep 30, 2026 |
| Hartford Insurance Group | 123 | 111 | 2,951* | 267.4M | 10-QSep 30, 2026 |
| Arch Capital Group | 1,152 | 4,655 | 1,759* | 325.5M | 10-QSep 30, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.
