NYSE · FIRE, MARINE & CASUALTY INSURANCE · LARGE CAP
Progressive Corp/oh/ PGR
19 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY3 YEARS OF DIVIDEND GROWTH
Revenue · FY2025
$87.7B
▲ 16.3% vs FY2024
Dividend streak
3 yrs
Raised every year since 2023
EPS · FY25
$19.23
Dividend / sh · FY25
$13.90
Payout · FY25
25%
ROE · FY25
40.4%
Net margin · FY25
12.9%
Dividend coverage
1.4×
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Result
USD 87.7B
Revenue, FY2025 · full 19-year series below
Revenue
Net income
13 cents of every revenue dollar became profit this year.
Per share
USD 19.23
Diluted EPS, FY2025
EPS
Dividend
Earnings covered the dividend 1.4 times — the rest stayed in the company.
Profitability
40.4%
Return on equity, FY2025
ROE
Operating margin16.2%
Net margin12.9%
Return on assets9.9%
Each USD of equity produced 40 cents of profit this year.
Returned to shareholders
USD 2.9B
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 2.9B
Net buybacks—
Share of profit25.4%
Consecutive raises3 years
USD 2.9B in dividends — 25% of the year's profit went back to shareholders.
Growth
+15.5% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+20.9%
+15.5%
+15.4%
+12.4%
Net income
+150.2%
+14.7%
+24.5%
+17.0%
EPS, diluted
+153.5%
+14.8%
+24.5%
+18.0%
Dividend / share
+226.3%
+23.2%
Returned to shareholders
+130.6%
+13.1%
+16.7%
+7.3%
Compound annual rates per period — left blank where the series crosses a loss.
Share base
—
Shares outstanding, FY2025
Change, 5 years—
Change, 10 years—
A share split breaks the comparison across the period, so we leave it out.
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Balance sheet
USD 123.0B
total assets, end of FY2025
Total assetsUSD 123.0B
EquityUSD 30.3B
CashUSD 138.0M
Gross debtUSD 0.00
Net debtUSD -138.0M
The company holds more cash than debt.
History
19 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
Revenue $B
87.7
75.4
62.1
49.6
47.7
42.7
39.0
32.0
26.8
23.4
20.9
19.4
18.2
17.1
15.8
15.2
14.6
12.8
14.7
Operating income $B
14.2
10.7
4.9
0.9
4.2
7.2
5.2
·
·
·
·
·
·
·
·
·
·
·
·
EBITDA $B
14.5
11.0
5.2
1.2
4.5
7.4
5.4
·
·
·
·
·
·
·
·
·
·
·
·
Income tax $B
2.9
2.2
1.0
0.2
0.9
1.5
1.2
0.5
0.5
0.4
0.6
0.6
0.6
0.4
0.5
0.5
0.5
−0.2
0.5
Net income $B
11.3
8.5
3.9
0.7
3.4
5.7
4.0
2.6
1.6
1.0
1.3
1.3
1.2
0.9
1.0
1.1
1.1
−0.1
1.2
EPS, diluted $
19.23
14.40
6.58
1.18
5.66
9.66
6.72
4.42
2.72
1.76
2.15
2.15
1.93
1.48
1.59
1.61
1.57
−0.10
1.65
Dividend / sh $
13.90
4.90
1.15
0.40
1.90
4.90
2.65
2.51
1.12
0.68
·
·
·
·
·
·
·
·
·
Payout %
25
8
6
32
112
27
41
25
25
50
32
70
15
95
26
71
0
−140
119
ROE %
40.4
37.0
21.6
4.2
19.0
37.1
32.4
26.0
18.5
13.5
17.8
19.5
19.1
15.3
17.1
18.1
21.2
−1.5
24.0
Shares out B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.
How we verifyAUDITED
37 of 37
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity
Every figure was compared against the original statement: 0 failures and 0 presentation gaps.
What we don’t show
We’d rather say what’s missing than fill the gap with an estimate.
P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed