Progressive Corporation (The) (PGR) Financial Statements

Progressive Corporation (The)

PGR · NYSE

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Total Revenue	$87.67B	$75.37B	$62.11B	$49.61B	$47.70B	$42.66B	$39.02B	$31.98B
Interest Expense	$278.00M	$279.00M	$268.00M	$244.00M	$218.60M	$217.00M	$189.70M	$166.50M
Income Before Taxes	$14.22B	$10.71B	$4.90B	$922.00M	$4.21B	$7.17B	$5.16B	$3.16B
Provision for Income Taxes	$2.92B	$2.23B	$1.00B	$200.00M	$859.10M	$1.47B	$1.18B	$542.60M
Net Income	$11.31B	$8.48B	$3.90B	$722.00M	$3.35B	$5.70B	$3.97B	$2.62B
Basic EPS	$19.29	$14.45	$6.61	$1.19	$5.69	$9.71	$6.75	$4.45
Diluted EPS	$19.23	$14.40	$6.58	$1.18	$5.66	$9.66	$6.72	$4.42
Basic Shares Outstanding	586.30M	585.50M	584.90M	584.40M	584.50M	584.90M	583.80M	582.40M
Diluted Shares Outstanding	588.10M	587.70M	587.50M	587.10M	587.10M	587.60M	587.20M	586.70M

Analyst Estimates

Period	Consensus EPS	Low	High	Estimates	Revisions
Dec 2026	$17.49	$16.20	$18.20	13	↑7 ↓4
Dec 2027	$16.19	$14.48	$18.30	13	↑2 ↓7
Dec 2028	$16.11	$15.19	$17.22	5	↑1 ↓0
Dec 2029	$17.57	$17.57	$17.57	1	↑0 ↓0

Forward estimates are the sell-side consensus reported by Nasdaq, not a metir forecast.

Symbol: PGR
Type: Stock
Sector: Finance
Industry: Property-Casualty Insurers
Country: North America
Exchange: NYSE

Progressive Insurance® makes it easy to understand, buy and use car insurance, home insurance, and other protection needs. Progressive offers choices so consumers can reach us however it's most convenient for them - online at progressive.com, by phone at 1-800-PROGRESSIVE, via the Progressive mobile app, or in-person with a local agent. Progressive provides insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles, and homes; it is a leading seller of personal auto, commercial auto, motorcycle, and boat insurance, and one of the top 15 homeowners insurance carriers in the United States. Founded in 1937, Progressive continues its long history of offering shopping tools and services that save customers time and money, like Name Your Price®, Snapshot®, and HomeQuote Explorer®.

Key Issues

Bullish view

Analysts highlight Progressive’s strong underwriting metrics, supporting the argument that operating performance can sustain the company’s valuation and earnings growth.

Bearish view

Valuation concerns and JPMorgan’s downgrade to Neutral indicate that the stock price may already reflect much of the underwriting strength, limiting near-term upside.

Analyst Consensus

See all

Hold

22 analysts

$211

Current

$241

Low

$230

Average

$241

High

Average target implies +8.81% versus the current price.

Earnings History

BeatMissNo estimate

Peers

Bank Of MontrealBMO · NYSE$181.83