What is Progressive's net income?

Progressive (PGR) reported net income of $2.82B in Q1 2026.

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

Progressive's net income increased by 9.8% year-over-year, from $2.57B to $2.82B.

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

Over 4 years (2021 to 2025), Progressive's net income has grown at a 35.5% compound annual growth rate (CAGR), from $3.35B to $11.31B.

What does net income mean?

Net income as the starting point for the indirect method operating cash flow reconciliation.

Progressive PGR Net Income

Net Income at other companies

Cincinnati FinancialCINF

$274M+404%

The Travelers CompaniesTRV

$1.71B+333%

Selective Insurance GroupSIGI

$97.68M-11.1%

KemperKMPR

-$4.4M-105%

The Hartford Financial Services GroupHIG

$856M+35.9%

Universal Insurance HoldingsUVE

$54.29M+31.0%

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

See full

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

See full

Operating cash flow$4.4B-15.1%

CapEx$63.0M+6.8%

Free cash flow$4.3B-15.3%

Valuation

See full

Market cap$125.49B-18.3%

Enterprise value$133.71B-16.6%

P/E10.9×-6.8×

P/S1.4×-0.6×

Profitability

See full

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:NetIncomeLoss.

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 net income?: Progressive (PGR) reported net income of $2.82B in Q1 2026.
How has Progressive's net income changed year-over-year?: Progressive's net income increased by 9.8% year-over-year, from $2.57B to $2.82B.
What is the long-term trend for Progressive's net income?: Over 4 years (2021 to 2025), Progressive's net income has grown at a 35.5% compound annual growth rate (CAGR), from $3.35B to $11.31B.
What does net income mean?: Net income as the starting point for the indirect method operating cash flow reconciliation.