Pre-Tax Income
Progressive Pre-Tax Income decreased by 3.2% to $3.57B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 10.2%, from $3.24B to $3.57B. Over 4 years (FY 2021 to FY 2025), Pre-Tax Income shows an upward trend with a 35.6% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
Higher values indicate stronger overall profitability and operational efficiency before tax impacts.
Detailed definition
Measures the profitability of the company after all operating and non-operating expenses have been deducted, but before...
Peer comparison
A standard GAAP metric used universally to compare pre-tax performance across different industries.
income_before_taxHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $999.20M | $139.00M | $1.20B | $390.20M | -$635.90M | $142.50M | $1.03B | $554.40M | $435.70M | $1.41B | $2.50B | $2.94B | $1.86B | $2.95B | $2.97B | $3.24B | $3.98B | $3.32B | $3.68B | $3.57B |
| QoQ Change | — | -86.1% | +766.1% | -67.6% | -263.0% | +122.4% | +619.4% | -45.9% | -21.4% | +223.7% | +77.5% | +17.4% | -36.7% | +58.4% | +0.7% | +9.1% | +23.1% | -16.5% | +10.8% | -3.2% |
| YoY Change | — | — | — | — | -163.6% | +2.5% | -14.8% | +42.1% | +168.5% | +889.6% | +144.2% | +430.3% | +326.9% | +108.9% | +18.5% | +10.1% | +114.1% | +12.8% | +24.1% | +10.2% |
Product Breakdown
| Segment | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q1 '24 | Q2 '24 | Q3 '24 |
|---|---|---|---|---|---|---|---|---|
| Underwriting operations | $94.30M | $782.40M | $141.60M | -$64.30M | $1.14B | $2.25B | $1.39B | $2.00B |
| Investments | — | — | $485.90M | — | — | $767.50M | $551.40M | $1.02B |
| Service businesses | -$100.00K | — | -$9.80M | -$9.60M | -$10.30M | -$7.90M | -$8.00M | -$9.40M |
| Total | $142.50M | $1.03B | $554.40M | $435.70M | $1.41B | $2.94B | $1.86B | $2.95B |
Investments Member is derived from annual filings.
Investments, Service businesses, Underwriting operations were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Business Segments
| Segment | Q2 '21 | Q3 '21 | Q4 '21 | Q2 '22 | Q3 '22 | Q4 '22 | Q2 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|
| Property | $0.00 | $0.00 | $0.00 | $381.70M | $0.00 | -$977.60M | $0.00 | $0.00 |
| Total | $999.20M | $139.00M | $1.20B | -$635.90M | $142.50M | $1.03B | $435.70M | $1.41B |
Property was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.
Pre-Tax Income at Other Companies
Frequently Asked Questions
- What is Progressive's pre-tax income?
- Progressive (PGR) reported pre-tax income of $3.57B in Q1 2026.
- How has Progressive's pre-tax income changed year-over-year?
- Progressive's pre-tax income increased by 10.2% year-over-year, from $3.24B to $3.57B.
- What is the long-term trend for Progressive's pre-tax income?
- Over 4 years (2021 to 2025), Progressive's pre-tax income has grown at a 35.6% compound annual growth rate (CAGR), from $4.21B to $14.22B.
- What does pre-tax income mean?
- Total profit earned before accounting for income tax obligations.