What is Progressive's statutory net income?

Progressive (PGR) reported statutory net income of $2.66B in Q4 2025.

How has Progressive's statutory net income changed year-over-year?

Progressive's statutory net income increased by 38.8% year-over-year, from $1.92B to $2.66B.

What is the long-term trend for Progressive's statutory net income?

Over 4 years (2021 to 2025), Progressive's statutory net income has grown at a 46.9% compound annual growth rate (CAGR), from $2.28B to $10.64B.

What does statutory net income mean?

The net profit of an insurance company as determined by regulatory accounting standards rather than GAAP.

Other

Statutory net income

Progressive Statutory net income remained flat by 0.0% to $2.66B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 38.8%, from $1.92B to $2.66B. Over 4 years (FY 2021 to FY 2025), Statutory net income shows an upward trend with a 46.9% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementIncome Statement

SectionOther

CategoryProfitability

SignalHigher is better

VolatilityModerate

First reportedQ1 2013

Last reportedQ4 2025Mar 2, 2026

How to read this metric

Higher statutory net income indicates stronger regulatory capital position and improved solvency margins.

Detailed definition

Statutory net income represents the net earnings of an insurance company calculated according to the accounting principl...

Peer comparison

Standard across all regulated insurance entities; peers report this in statutory filings (e.g., NAIC filings in the U.S.).

Metric ID: other_statutory_accounting_practices_statutory_net_incom_e5ee22

Historical Data

5 years

	FY'21	FY'22	FY'23	FY'24	FY'25
Value	$2.28B	$2.76B	$3.50B	$7.67B	$10.64B
YoY Change	—	+21.0%	+26.7%	+119.0%	+38.8%

Range$2.28B – $10.64B

CAGR+46.9%

Avg YoY Growth+51.4%

Median YoY Growth+32.7%

Current Streak4+ years growth

Statutory net income at Other Companies

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Frequently Asked Questions

What is Progressive's statutory net income?: Progressive (PGR) reported statutory net income of $2.66B in Q4 2025.
How has Progressive's statutory net income changed year-over-year?: Progressive's statutory net income increased by 38.8% year-over-year, from $1.92B to $2.66B.
What is the long-term trend for Progressive's statutory net income?: Over 4 years (2021 to 2025), Progressive's statutory net income has grown at a 46.9% compound annual growth rate (CAGR), from $2.28B to $10.64B.
What does statutory net income mean?: The net profit of an insurance company as determined by regulatory accounting standards rather than GAAP.