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Progressive PGR Book value per share

Book value per share at other companies

The Travelers Companies logo
The Travelers CompaniesTRV
$146.46+19.7%
Allstate logo
AllstateALL
$120.36+46.7%
W.R. Berkley logo
W.R. BerkleyWRB
$24.67+10.7%
American International Group logo
American International GroupAIG
$74.53+7.8%
Brown & Brown logo
Brown & BrownBRO
$18.50+19.6%
Arch Capital Group logo
Arch Capital GroupACGL
$67.24+19.2%

Other financials

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

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Market cap$119.01B-30.1%
Enterprise value$127.24B-28.1%
P/E10.3×-9.2×
P/S1.3×-0.8×

Profitability

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Net margin12.9%+1.8pp

Returns & leverage

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

Where this comes from

Calculated from Progressive’s reported figures.

Based on the most recent quarter.

The official record: Progressive’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Progressive's book value per share?
Progressive (PGR) reported book value per share of $54.59 in Q1 2026.
How has Progressive's book value per share changed year-over-year?
Progressive's book value per share increased by 10.8% year-over-year, from $49.27 to $54.59.
What is the long-term trend for Progressive's book value per share?
Over 4 years (2021 to 2025), Progressive's book value per share has grown at a 14.8% compound annual growth rate (CAGR), from $124.88 to $216.56.
What does book value per share mean?
The accounting net worth of the company behind each share.
How do you interpret book value per share?
A steadily rising book value per share reflects retained earnings compounding into equity. Compare against the share price (price-to-book) to gauge how the market values that book equity.
How does book value per share compare across companies?
Most meaningful for asset- and equity-heavy businesses (financials, industrials); less informative for asset-light firms whose value is intangible.