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Friday 6 November 2026 Export PGR’s income statement to Excel — free account

The Progressive Corporation

PGR Financial Insurance Property & Casualty

The Progressive Corporation’s revenue for fiscal 2025 (year ended December 2025) was $87.7 billion, up 16.3% from fiscal 2024.

Revenue
+3.02%
EPS
−1.80%
Free cash flow
−14.3%
Total debt
+21.7%

Quarter to September 2026, against a year earlier

233.12 1.70 −0.72%
Market cap
$135.1B
P/E
11.7×
Fwd P/E
12.4×
Dividend yield
5.96%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

The Progressive Corporation (PGR) Book value per share

Alert me on Book value per share

The Progressive Corporation's book value per share at the end of fiscal 2025 was 51.7×, up 18.3% from 43.7× in fiscal 2024. At the end of the quarter to 30 September 2026 it was 59.4×. Over the past ten years it has ranged from 12.4× (fiscal 2015) to 51.7× (fiscal 2025) — the current reading is the highest in ten years. The Progressive Corporation ranks 13th of 45 Insurance Property & Casualty companies by book value per share.

Book value per share, annual

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Annual newest first

Period Book value per share Change
FY2025 51.7× 18.33%
FY2024 43.7× 26.08%
FY2023 34.7× 27.49%
FY2022 27.2× (12.82%)
FY2021 31.2× 7.07%
FY2020 29.1× 24.38%
FY2019 23.4× 26.05%
FY2018 18.6× 16.23%
FY2017 16.0× 16.87%
FY2016 13.7× 9.87%

Quarterly newest first

Period Book value per share Change
Sep 2026 59.4× 0.81%
Jun 2026 58.9× 7.64%
Mar 2026 54.7× 5.79%
Dec 2025 51.7× (14.42%)
43 more quarters

Against its own ten years

Low 12.4× High 51.7×
Ten-year median 27.2×
Current reading's percentile 100

Book value per share against peers

Company Book value per share
MKL Markel Group Inc. compare 1,492×
CB Chubb Limited compare 204×
TRV The Travelers Companies, Inc. compare 140×
ALL The Allstate Corporation compare 128×
AIZ Assurant, Inc. compare 122×
CINF Cincinnati Financial Corporation compare 105×
L Loews Corporation compare 93.6×
PGR The Progressive Corporation 59.4×
WRB W.R. Berkley Corporation compare 24.7×

What Book value per share is

BV per Share tells an investor how much of a company’s accounting net worth stands behind each share.

(Shareholders Equity (Total) ÷ Shares (Basic, Weighted))

The full definition of Book value per share →

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