What is Progressive's revenue?

Progressive (PGR) generated $89.5B in revenue over the trailing twelve months, up 13.9% year over year.

Is Progressive profitable?

Progressive reported $11.6B in net income over the trailing twelve months, a 12.9% net margin.

What is Progressive's earnings per share?

Progressive's diluted EPS over the trailing twelve months is $19.67.

Where does Progressive's income statement data come from?

Every line is extracted from Progressive's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

Progressive PGR Income Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Net premiums earned	$81.66B+15.3%	$70.8B+20.7%	$58.67B+19.1%	$49.24B—
Total revenue	$87.67B+16.3%	$75.37B+21.4%	$62.11B+25.2%	$49.61B+4.0%
Advertising	$5.13B+28.2%	$4B+150%	$1.6B-21.3%	$2.03B-5.0%
Income before income taxes	$14.22B+32.8%	$10.71B+118%	$4.9B+432%	$922M-78.1%
Income tax expense	$2.92B+30.5%	$2.23B+123%	$1B+401%	$200M-76.7%
Net income	$11.31B+33.3%	$8.48B+117%	$3.9B+441%	$722M-78.5%
Net margin	12.9%+1.6pp	11.3%+5.0pp	6.3%+4.8pp	1.5%-5.6pp
Diluted earnings per share	$19.24+33.6%	$14.40+119%	$6.58+462%	$1.17-79.4%
Basic earnings per share	$19.30+33.7%	$14.44+119%	$6.60+455%	$1.19-79.1%
Weighted-average shares, diluted	2.4B+0.1%	2.4B0.0%	2.3B+0.1%	2.3B0.0%
Weighted-average shares, basic	2.3B+0.1%	2.3B+0.1%	2.3B+0.1%	2.3B-0.1%
Debt and Equity Securities, Unrealized Gain (Loss)	$480M-29.3%	$679M+95.1%	$348M+115%	-$2.26B-351%
Fees and other revenues	$1.2B+12.4%	$1.06B+19.7%	$889M+23.1%	$722M+4.4%
Net investment income	$3.55B+26.6%	$2.8B+50.2%	$1.87B+51.0%	$1.24B+48.0%
Service revenues	$504M+22.0%	$413M+33.2%	$310M+3.3%	$300M+10.5%
Total Other-than-temporary Impairment Loss	$1M0.0%	$1M-88.9%	$9M0.0%	$9M—
Policyholder Benefits And Claims Incurred Net	$53.96B+10.0%	$49.06B+7.5%	$45.66B+19.8%	$38.12B—
Gain on retained interest in Sandisk	$462M-29.4%	$654M+116%	$303M+114%	-$2.16B-338%
Accretion (Amortization) of Discounts and Premiums, Investments	——	——	——	——
Advertising costs	$5.13B+28.2%	$4B+150%	$1.6B-21.3%	$2.03B-5.0%
Pre-tax stock-based compensation cost	$132M+8.2%	$122M+0.8%	$121M—	——
Benefits, Losses and Expenses	$73.45B+13.6%	$64.66B+13.0%	$57.21B+17.5%	$48.69B+11.9%
Cash and non-cash dividends paid to parent company	$10.03B+173%	$3.67B+787%	$413.4M—	——
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation	——	——	——	——
Ceded Premiums Earned	$1.19B-13.4%	$1.37B+12.7%	$1.22B-13.7%	$1.41B-14.6%
Ceded Premiums Written	$1.03B-29.6%	$1.47B+25.4%	$1.17B-6.7%	$1.26B-27.2%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$12.83B+48.0%	$8.67B+70.4%	$5.09B—	——
Current Federal, State and Local, Tax Expense (Benefit)	$3.12B+35.2%	$2.31B+106%	$1.12B—	——
Federal	$3.04B+35.4%	$2.25B+104%	$1.1B+50.3%	$733M-0.9%
Current State And Local Tax Expense Benefit	$75M+29.3%	$58M+205%	$19M+46.2%	$13M-37.2%
Debt and Equity Securities, Realized Gain (Loss)	$248M+160%	-$414M—	——	——
Debt and Equity Securities, Realized Gains (Losses) on Security Sales	$248M+155%	-$450M-5,525%	-$8M—	——
Credit losses on securities without previous credit losses	$0—	$0—	$0—	$0—
Debt Securities, Available-for-Sale, Allowance for Credit Loss, Writeoff	$0—	$0—	$0—	$0—
Total net securities (losses)	$157M+136%	-$441M-77.1%	-$249M+57.0%	-$579M-343%
Debt Securities, Available-for-Sale, Realized Loss	$170M-67.3%	$520M+97.7%	$263M-56.1%	$599M+789%
Debt and Equity Securities, Realized Gains	$434M+288%	$112M-71.6%	$395M-55.3%	$884M+25.7%
Debt and Equity Securities, Realized Losses	$186M-66.9%	$562M+39.5%	$403M-41.3%	$687M+670%
Federal	-$199M-184%	-$70M+41.7%	-$120M+77.3%	-$529M-637%
Deferred Federal, State and Local, Tax Expense (Benefit)	-$202M-181%	-$72M+40.0%	-$120M—	——
Deferred Policy Acquisition Costs, Amortization Expense	$6.1B+13.2%	$5.38B+15.4%	$4.67B+19.1%	$3.92B+5.5%
State	-$3M-50.0%	-$2M—	$0+100%	-$17M-5,767%
Depreciation	$313M+10.2%	$284M-0.4%	$285M-6.9%	$306M+9.4%
Direct premiums earned	$82.85B+14.8%	$72.17B+20.5%	$59.88B+18.2%	$50.65B+10.1%
Direct premiums written	$84.21B+11.0%	$75.89B+21.0%	$62.72B+19.8%	$52.34B+8.7%
Distribution expenses	$10.95B+19.8%	$9.14B+52.9%	$5.98B+4.9%	$5.7B—
Effective tax rates	——	$0.63—	——	$0.71—
Share-Based Payment Arrangement, Expense, Tax Benefit	$18M+5.9%	$17M0.0%	$17M—	——
Equity securities:	$107M+224%	$33M-91.3%	$381M-55.9%	$864M+117%
Equity Securities, FV-NI, Realized Loss	$16M-61.9%	$42M-70.0%	$140M+59.1%	$88M+304%
Expense Related to Distribution or Servicing and Underwriting Fees	$18.65B+25.6%	$14.85B+36.1%	$10.91B+11.6%	$9.78B—
Net Transfers In (Out)	$0—	$0—	$0-100%	$18.3M+137%
Purchases	$8M+300%	$2M-50.0%	$4M+60.0%	$2.5M-96.3%
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales	$0—	$0-100%	$10M-33.3%	$15M+36.4%
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements	-$10M-150%	-$4M—	——	-$2.4M+82.6%
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1	$0—	$0+100%	-$9M-152%	$17.2M+30.3%
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Period Increase (Decrease)	$18M+50.0%	$12M—	——	——
Gain Loss On Sale Of Property Plant Equipment	——	-$13M—	——	$1M—
Investment income	$3.58B+26.5%	$2.83B+49.7%	$1.89B+50.2%	$1.26B+46.4%
Federal taxes	$3.02B+19.0%	$2.54B+217%	$800M—	——
State taxes	$85M+88.9%	$45M+114%	$21M—	——
Income taxes paid	——	$2.59B+215%	$821M+14.2%	$719M-14.6%
Income Taxes Paid, Net	$3.11B+20.2%	$2.59B+215%	$821M—	——
Accounts payable and other current liabilities	——	——	——	——
Increase (Decrease) in Deferred Policy Acquisition Costs	——	——	——	——
Income taxes	——	-$367M-303%	$181M—	——
Loss and loss adjustment expense reserves	$4.25B-8.9%	$4.67B+15.8%	$4.03B-9.8%	$4.47B-6.0%
Increase (Decrease) in Other Operating Assets and Liabilities, Net	——	$312M+29.5%	$241M+202%	$79.8M—
Increase (Decrease) in Premiums Receivable	——	——	——	——
Increase (Decrease) in Prepaid Reinsurance Premiums	-$152M-254%	$99M—	——	-$162M—
Increase (Decrease) in Reinsurance Recoverable	-$682M-107%	-$329M+55.4%	-$738M—	——
Unearned premiums	——	——	——	——
Interest and Dividend Income, Operating	$3.58B+26.5%	$2.83B+49.7%	$1.89B+50.2%	$1.26B+46.4%
Debt	$278M-0.4%	$279M+4.1%	$268M+9.8%	$244M+11.6%
Interest Paid, Excluding Capitalized Interest, Operating Activity	$276M0.0%	$276M+4.2%	$265M+15.7%	$229M+2.2%
Investment expenses	$34M+17.2%	$29M+11.5%	$26M+8.3%	$24M-5.9%
Net interest and investment income (loss)	$4.28B+39.4%	$3.07B+38.2%	$2.22B+428%	-$676M—
Current year	$31.94B+10.5%	$28.91B+7.6%	$26.88B+14.2%	$23.54B+14.5%
Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims	$53.96B+10.0%	$49.06B+7.5%	$45.66B+19.8%	$38.12B+13.4%
Prior years	$17.09B+12.5%	$15.18B+8.6%	$13.98B+24.7%	$11.21B+26.9%
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation	-$3.04B-131%	-$1.32B—	——	——
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation	-$14.53B-5.7%	-$13.75B-26.8%	-$10.84B-36.3%	-$7.96B—
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation	$17.55B+16.1%	$15.12B+42.1%	$10.64B+55.4%	$6.85B-11.8%
Service expenses	$528M+18.4%	$446M+27.8%	$349M+17.5%	$297M+17.5%
Service businesses	-$24M+27.3%	-$33M+15.4%	-$39M-1,400%	$3M—
Service businesses profit (loss)	——	——	——	——
Number of operating segments	$20.0%	$2-33.3%	$3—	——
Number of reportable segments	2—	——	——	——
Number of Subsets of Business Data Reviewed	4000.0%	4000.0%	4000.0%	4000.0%
Operating Lease Payments	$91M+8.3%	$84M+9.1%	$77M-7.2%	$83M-6.3%
Unrealized gains (losses) on available-for-sale securities	$1.61B—	——	$1.19B—	——
Other Comprehensive Income (Loss), before Tax, Portion Attributable to Parent	$2.04B—	——	$1.5B—	——
Other comprehensive income/(loss)	$1.61B—	——	$1.19B—	——
Tax expense (benefit) of other comprehensive income (loss), reclassification adjustment from AOCI for sale of securities	$22M+124%	-$92M-76.9%	-$52M+54.0%	-$113M-321%
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax	——	——	——	——
Other Comprehensive Income Loss Reclassification Adjustment From AOCI For Sale Of Securities Before Tax	$155M+135%	-$440M-78.1%	-$247M+55.9%	-$560M-331%
Other Comprehensive Income (Loss), Tax, Portion Attributable to Parent	——	——	——	——
Tax expense (benefit) of unrealized gains/losses on available for sale securities still held	$435M+1,161%	-$41M-115%	$266M+129%	-$907.6M-370%
Net unrealized gains (losses) on securities still held	$1.66B+1,162%	-$156M-116%	$991M+129%	-$3.41B-388%
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax	$2.09B+1,162%	-$197M-116%	$1.26B+129%	-$4.32B-384%
other-than-temporary Impairment Loss, uncollectible, Available-for-sale	$1M0.0%	$1M—	$0—	——
Other underwriting expenses	$11.33B+19.7%	$9.46B+51.6%	$6.24B+6.5%	$5.86B+3.6%
Other underwriting expenses	$7.7B+34.9%	$5.71B+15.8%	$4.93B+20.9%	$4.08B—
Liability for Unpaid Claims and Claims Adjustment Expense, Claims Paid	$49.03B+11.2%	$44.09B+7.9%	$40.86B+17.6%	$34.75B+18.2%
Payments For Proceeds From Short Term Investments	——	——	——	——
Payments of Ordinary Dividends, Common Stock	$2.87B+326%	$674M+188%	$234M0.0%	$234M-93.8%
Payments to Acquire Debt Securities, Available-for-Sale	$49.63B+3.9%	$47.78B+85.4%	$25.78B-2.8%	$26.51B-20.1%
Payments to Acquire Equity Securities, FV-NI	$187M+11.3%	$168M+95.3%	$86M-45.6%	$158M-81.1%
Payments to Acquire Property, Plant, and Equipment	$348M+22.1%	$285M+13.1%	$252M-13.7%	$292M+19.9%
Payments for Repurchase of Common Stock for Restricted Stock Tax Liabilities	$92M-24.0%	$121M+27.4%	$95M+23.4%	$77M+14.6%
Payments for Repurchase of Common Stock in the Open Market	$74M—	——	$46M+109%	$22M-85.9%
Losses (excluding catastrophe losses)	$45.3B+12.9%	$40.12B+4.5%	$38.38B+20.6%	$31.83B—
Catastrophe losses	$1.48B-41.2%	$2.51B+40.1%	$1.79B+8.1%	$1.66B—
Loss adjustment expenses	$7.18B+11.6%	$6.43B+17.3%	$5.48B+18.3%	$4.63B—
Revenues	$82.86B+15.3%	$71.86B+20.7%	$59.55B+19.2%	$49.96B—
Premium Receivable, Allowance for Credit Loss, Writeoff	$669M+34.1%	$499M-2.9%	$514M+25.9%	$408.2M-6.5%
Increase in allowance	$761M+29.0%	$590M+9.3%	$540M+14.6%	$471.1M+31.9%
Premiums Written, Net	$83.17B+11.8%	$74.42B+20.9%	$61.55B+20.5%	$51.08B+10.1%
Pretax underwriting profit (loss)	$10.25B+28.8%	$7.96B+166%	$2.99B+45.0%	$2.06B—
Proceeds from debt financing, net of issuance costs	——	——	——	——
Proceeds From Income Tax Refunds	——	——	——	——
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-Sale	$8.52B+21.6%	$7.01B+40.4%	$4.99B-7.2%	$5.38B-23.3%
Equity securities	$275M—	——	$65.3M—	——
Net change in unsettled security transactions	——	——	-$11M—	——
Sale of investments	$35.7B+39.3%	$25.63B+211%	$8.24B-41.4%	$14.06B-25.9%
Proceeds from disposal of certain strategic investments	$266M-0.4%	$267M-66.2%	$791M-47.1%	$1.5B+91.6%
Dispositions of property, plant, and equipment	$80M+3.9%	$77M+63.8%	$47M+34.3%	$35M-47.1%
Gross realized gains (losses)	$727M—	——	——	-$1.91B-227%
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	$153M+135%	-$441M-78.5%	-$247M+55.9%	-$560M-332%
Reclassified net gains (losses) from AOCI into earnings	$131M+138%	-$349M-79.0%	-$195M+56.4%	-$447M-334%
Tax effect	$22M+124%	-$92M-76.9%	-$52M+54.0%	-$113M-322%
Right Of Use Asset Obtained In Exchange For Operating Lease Liability	$91M-5.2%	$96M-15.8%	$114M+217%	$36M-58.5%
Statutory net income	$10.64B+38.8%	$7.67B+119%	$3.5B+26.7%	$2.76B+21.0%
Prior years	-$1.39B-235%	-$416M-136%	$1.15B—	——
Current year	$55.35B+11.9%	$49.48B+11.0%	$44.56B+16.6%	$38.21B+13.6%
Amortization of deferred policy acquisition costs	$6.1B+13.2%	$5.38B+15.4%	$4.67B+19.1%	$3.92B+5.5%
Benefits, claims, losses, and settlement expenses	$53.96B+10.0%	$49.06B+7.5%	$45.66B+19.8%	$38.12B+13.4%
Net investment income	$3.55B+26.6%	$2.8B+50.2%	$1.87B+51.0%	$1.24B+48.0%
Other operating expenses	$12.55B+32.7%	$9.46B+51.6%	$6.24B+6.5%	$5.86B+3.6%
Premium revenue	$81.66B+15.3%	$70.8B+20.7%	$58.67B+19.1%	$49.24B+11.0%
Net premiums written	$83.17B+11.8%	$74.42B+20.9%	$61.55B+20.5%	$51.08B+10.1%
Total Other-than-temporary Impairment Loss, other assets	$0—	$0-100%	$9M0.0%	$9M—
Hybrid securities	$18M—	——	$45M—	——
Add: dilutive effect of potential common shares (in shares)	——	——	——	——

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Questions, answered.

What is Progressive's revenue?: Progressive (PGR) generated $89.5B in revenue over the trailing twelve months, up 13.9% year over year.
Is Progressive profitable?: Progressive reported $11.6B in net income over the trailing twelve months, a 12.9% net margin.
What is Progressive's earnings per share?: Progressive's diluted EPS over the trailing twelve months is $19.67.
Where does Progressive's income statement data come from?: Every line is extracted from Progressive's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.