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. In the quarter to September 2026, revenue fell 3.61%, EPS grew 4.80%, free cash flow fell 12.3% and total debt rose 21.7%, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for ten consecutive years, operating cash flow growth for three.
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The Progressive Corporation (PGR) EBITDA
The Progressive Corporation's EBITDA for fiscal 2025 was $15.3B, up 30.1% from $11.7B in fiscal 2024. Over the twelve months to 30 June 2026 it was $15.8B. Over the past ten years it has ranged from $1.8B (fiscal 2022) to $15.3B (fiscal 2025) — the current reading is the highest in ten years. EBITDA has risen for 3 consecutive fiscal years. The Progressive Corporation ranks 3rd of 45 Insurance Property & Casualty companies by EBITDA.
EBITDA, annual
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Annual newest first
| Period | EBITDA | Change |
|---|---|---|
| FY2025 | $15.3B | 30.13% |
| FY2024 | $11.7B | 99.57% |
| FY2023 | $5.9B | 232.18% |
| FY2022 | $1.8B | (65.83%) |
| FY2021 | $5.2B | (35.71%) |
| FY2020 | $8.0B | 36.58% |
| FY2019 | $5.9B | 55.68% |
| FY2018 | $3.8B | 37.76% |
| FY2017 | $2.7B | 37.20% |
| FY2016 | $2.0B | (16.44%) |
Quarterly newest first
| Period | EBITDA | Change |
|---|---|---|
| Jun 2026 | $4.5B | 18.62% |
| Mar 2026 | $3.8B | (3.16%) |
| Dec 2025 | $3.9B | 9.02% |
| Sep 2025 | $3.6B | (15.13%) |
| 42 more quarters | Free account |
Against its own ten years
EBITDA against peers
| Company | EBITDA |
|---|---|
| TRV The Travelers Companies, Inc. compare | $18.7B |
| ALL The Allstate Corporation compare | $17.1B |
| PGR The Progressive Corporation | $15.8B |
| CB Chubb Limited compare | $15.0B |
| CINF Cincinnati Financial Corporation compare | $4.4B |
| MKL Markel Group Inc. compare | $3.1B |
| L Loews Corporation compare | $2.7B |
| WRB W.R. Berkley Corporation compare | $2.5B |
| AIZ Assurant, Inc. compare | $1.7B |
What EBITDA is
EBITDA shows what a company earns from its operations before interest, taxes and the non-cash charges for depreciation and amortization.
Reported line item
More on PGR
- Revenue
- Net income
- EPS (diluted)
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement