Pricing Log in Create free account
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
−3.61%
EPS
−1.80%
Free cash flow
−14.3%
Total debt
+21.7%

Quarter to September 2026, against a year earlier

228.57 4.61 −1.98%
Market cap
$135.1B
P/E
11.5×
Fwd P/E
12.4×
Dividend yield
6.08%
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) P/B ratio

Alert me on P/B ratio

As of 6 November 2026, The Progressive Corporation (PGR) trades at a P/B ratio of 3.9×. Over the past ten years it has ranged from 2.2× (April 2015) to 6.7× (March 2025); the current reading is higher than 65% of that period. That is above the Insurance Property & Casualty industry median of 1.9× and above the Financial sector median of 1.3×.

P/B ratio, daily

Embed this chart

Annual newest first

Period P/B ratio Change
FY2025 4.4× (19.68%)
FY2024 5.5× 14.72%
FY2023 4.8× (3.26%)
FY2022 4.9× 46.03%
FY2021 3.4× (3.24%)
FY2020 3.5× 9.02%
FY2019 3.2× (5.75%)
FY2018 3.4× (1.76%)
FY2017 3.5× 33.33%
FY2016 2.6× 1.69%

Quarterly newest first

Period P/B ratio Change
Sep 2026 3.5× (5.86%)
Jun 2026 3.7× 2.37%
Mar 2026 3.6× (17.71%)
Dec 2025 4.4× 7.75%
43 more quarters

Against its own ten years

Low 2.2× High 6.7×
Ten-year median 3.5×
Current reading's percentile 62

P/B ratio against peers

Company P/B ratio
L Loews Corporation compare 1.2×
MKL Markel Group Inc. compare 1.3×
CINF Cincinnati Financial Corporation compare 1.8×
CB Chubb Limited compare 1.8×
ALL The Allstate Corporation compare 2.1×
AIZ Assurant, Inc. compare 2.5×
TRV The Travelers Companies, Inc. compare 2.8×
WRB W.R. Berkley Corporation compare 3.0×
PGR The Progressive Corporation 3.9×
Insurance Property & Casualty industry median 1.9×
Financial sector median 1.3×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

More on PGR