NYSE · FIRE, MARINE & CASUALTY INSURANCE · LARGE CAP
Progressive Corp. PGR
19 fiscal years on record · USD · FY2025 reported · SEC filings only
3 YEARS OF DIVIDEND GROWTH
In brief
What this company does
Written from the business description in PROGRESSIVE CORP/OH/'s annual report to the U.S. Securities and Exchange Commission, filed 2 March 2026. Every sentence was checked against that document before publication.
Growth
USD 87.7B
Revenue, FY2025 · full 19-year series below
Revenue $B
Net income $B
FY2025 · Revenue 87.7 · Net income 11.3
Compound annual growth
+20.9%
+15.5%
+15.4%
+12.4%
+150.2%
+14.7%
+24.5%
+17.0%
+153.5%
+14.8%
+24.5%
+18.0%
+226.3%
+23.2%
+130.6%
+13.1%
+16.7%
+7.3%
3 yrs
5 yrs
10 yrs
15 yrs
Revenue compounded at +15.5% a year over five years — but profit grew slower: net income at +14.7%, earnings per share at +14.8%.
Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.
Profitability
13 cents
of every revenue dollar became profit
Operating margin
Net margin
FY2025 · Operating 16.2% · Net 12.9%
ROE
FY2025 · ROE 40.4%
Each USD of equity produced 40 cents of profit this year.
The 19-year record
19 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
| 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 |
| Free cash flow $B | 17.2 | 14.8 | 10.4 | 6.6 | 7.5 | 6.7 | 5.9 | 6.0 | 3.6 | 2.5 | 2.2 | 1.6 | 1.8 | 1.6 | 1.4 | 1.6 | 1.4 | 1.5 | 1.7 |
| 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 |
Slide the table for earlier years · "·" marks a figure not available in our data for that year.
Compare
This company against its peers
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Provenance
Company facts, as filed
How we verify · 0 failures in 56 reconciliationsAUDITED
Reconciled in 19 of 19 fiscal years. 1 checks could not be computed.
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityFire, Marine & Casualty Insurance
Listed onNYSE
Incorporated inOhio
Fiscal year endsDecember 31
Data on record since2007