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 income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.

Progressive PGR Pre-Tax Income

Pre-Tax Income at other companies

Cincinnati FinancialCINF

$326M+355%

The Travelers CompaniesTRV

$2.12B+353%

Selective Insurance GroupSIGI

$124.2M-10.6%

The Hartford Financial Services GroupHIG

$1.06B+35.0%

Universal Insurance HoldingsUVE

$71.69M+29.3%

AllstateALL

$3.29B+128%

Other financials

Income statement

See full

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$125.49B-18.3%

Enterprise value$133.71B-16.6%

P/E10.9×-6.8×

P/S1.4×-0.6×

Profitability

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Net margin12.9%+1.8pp

FCF margin18.4%-1.7pp

Returns & leverage

See full

Return on equity37.9%+3.6pp

Debt / equity0.3×0.0×

Where this comes from

Reported directly by Progressive in its filing.

Tagged under the XBRL concept us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.

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 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 income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.