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Progressive PGR Service businesses

Service businesses at other companies

American Tower logo
American TowerAMT
$33.4M-30.6%
Berkshire Hathaway logo
Berkshire HathawayBRK.A
$408M+2.3%
Berkshire Hathaway logo
Berkshire HathawayBRK.A
$5.68B-3.3%
Berkshire Hathaway logo
Berkshire HathawayBRK.A
$10.99B+8.4%
The Ensign Group logo
The Ensign GroupENSG
$1.38B+17.6%
Trueblue logo
TrueblueTBI
$318.54M+12.6%

Other financials

Income statement

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Revenue$22.2B+8.7%
Net income$3.3B+4.3%
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$34.3B+5.3%
Total assets$124.93B+8.2%

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$123.69B-14.8%
P/E10.6×-3.3×

Profitability

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Net margin12.9%+1.8pp
FCF margin18.4%-1.7pp

Returns & leverage

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Return on equity34.9%-2.4pp
Debt / equity0.2×0.0×

Where this comes from

Reported directly by Progressive in its filing.

Tagged under the XBRL concept pgr:NonInsuranceServiceIncomeExpensesAdjusted.

The source filing: Progressive’s 10-K, filed March 2, 2026. Open the filing →

Filed
Mar 2, 2026, 10:40 AM EST
Fiscal year
FY2025
Accession
0000080661-26-000086

FAQ

What is Progressive's service businesses?
Progressive (PGR) reported service businesses of -$6M in Q4 2025.
How has Progressive's service businesses changed year-over-year?
Progressive's service businesses increased by 27.3% year-over-year, from -$8.25M to -$6M.
What is the long-term trend for Progressive's service businesses?
Over 3 years (2022 to 2025), Progressive's service businesses has grown at a 100.0% compound annual growth rate (CAGR), from $3M to -$24M.
What does service businesses mean?
Financial results from ancillary business activities that are not part of the core insurance underwriting or investment operations. This captures the performance of diversified service lines or secondary business units.

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