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Progressive

PGR

Progressive is a leading property and casualty insurance holding company providing personal and commercial insurance throughout the United States.

Market cap
$136.47B-11.0%
Revenue$89.5B+13.9%
Net income$11.6B+32.6%
Free cash flow$16.4B+4.4%
EPS (diluted)$19.67+32.6%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 15, 2026 (In 6 days)
Revenue estimate$21.5B
EPS estimate$4.53

Financials

Q1 2026

Income statement

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Revenue$22.2B+8.7%
Net income$2.8B+9.8%
EPS (diluted)$4.80+9.8%

Balance sheet

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Cash & equivalents$162.0M-16.9%
Total debt$8.4B+21.6%
Total equity$32.0B+10.7%
Total assets$122.21B+9.7%

Cash flow

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Operating cash flow$4.4B-15.1%
CapEx$63.0M+6.8%
Free cash flow$4.3B-15.3%

Valuation & ratios

Valuation

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Market cap$136.47B-11.0%
Enterprise value$144.69B-8.4%
P/E11.8×-2.7×
P/S1.5×-0.3×

Profitability

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Net margin12.9%+1.8pp
FCF margin18.4%-1.7pp

Returns & leverage

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Return on equity37.9%+3.6pp
Debt / equity0.3×0.0×

Competitors

Profile

Progressive is a leading property and casualty insurance holding company providing personal and commercial insurance throughout the United States. The company leverages advanced data analytics and proprietary technology to offer competitively priced coverage for vehicles, homes, and small businesses. Its core value proposition centers on multi-product bundling and usage-based insurance programs that reward safe driving behavior.

Competitive position

Progressive is the second-largest U.S. private passenger auto insurer and the top-ranked provider in the U.S. commercial auto market.

GeographiesUnited States, Canada
Customer segmentsRetail Consumers, Small and Medium Enterprises (SME), Gig Economy Platforms
Business modelB2C, B2B, Agency Distribution, Direct-to-Consumer, Usage-Based Insurance
SuppliersIndependent insurance agencies, Reinsurance providers, Third-party data providers, Technology and cloud infrastructure vendors
CustomersIndividual vehicle owners, Homeowners, Small business operators, Commercial fleet managers, Rideshare drivers
Listed1972
Employees61.4K
CEOSusan Patricia Griffith
FilingsSEC EDGAR

Questions, answered.

What is Progressive's market cap?
Progressive (PGR) has a market capitalization of $136.47B and trades on NYSE.
What is Progressive's revenue and profitability?
Progressive generated $89.5B in trailing twelve-month revenue with net income of $11.6B, representing a net margin of 12.9%, with free cash flow of $16.4B. These figures are based on the Q1 2026 filing.
Who are Progressive's competitors?
Progressive's key competitors include Travelers, Allstate, GEICO, and others. These companies compete in similar markets and product categories.
Who does Progressive partner with?
Progressive's notable partners include Uber Technologies, National Flood Insurance Program, S&P Global Market Intelligence, and others.
Where is Progressive headquartered?
Progressive is headquartered in United States of America and employs approximately 61,400 people. It has been publicly traded since 1972.