What is Progressive's income tax?

Progressive (PGR) reported income tax of $748M in Q1 2026.

How has Progressive's income tax changed year-over-year?

Progressive's income tax increased by 11.8% year-over-year, from $669M to $748M.

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

Over 4 years (2021 to 2025), Progressive's income tax has grown at a 35.7% compound annual growth rate (CAGR), from $859.1M to $2.92B.

What does income tax mean?

Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.

Progressive PGR Income Tax

Income Tax at other companies

Cincinnati FinancialCINF

$52M+237%

The Travelers CompaniesTRV

$408M+459%

Selective Insurance GroupSIGI

$26.53M-8.5%

KemperKMPR

-$3.5M-115%

The Hartford Financial Services GroupHIG

$201M+31.4%

Universal Insurance HoldingsUVE

$17.4M+24.1%

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:IncomeTaxExpenseBenefit.

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 income tax?: Progressive (PGR) reported income tax of $748M in Q1 2026.
How has Progressive's income tax changed year-over-year?: Progressive's income tax increased by 11.8% year-over-year, from $669M to $748M.
What is the long-term trend for Progressive's income tax?: Over 4 years (2021 to 2025), Progressive's income tax has grown at a 35.7% compound annual growth rate (CAGR), from $859.1M to $2.92B.
What does income tax mean?: Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.