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Saturday 17 October 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. 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.

218.49 4.74 +2.22%
Market cap
$124.2B
P/E
10.9×
Fwd P/E
12.6×
Dividend yield
6.36%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

The Progressive Corporation (PGR) P/B ratio

Alert me on P/B ratio

As of 16 October 2026, The Progressive Corporation (PGR) trades at a P/B ratio of 3.7×. Over the past ten years it has ranged from 2.2× (April 2015) to 6.7× (March 2025); the current reading is higher than 60% of that period. That is above the Insurance Property & Casualty industry median of 2.0× and above the Financial sector median of 1.2×.

P/B ratio, daily

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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× (5.10%)
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 56

P/B ratio against peers

Company P/B ratio
L Loews Corporation compare 1.1×
MKL Markel Group Inc. compare 1.2×
CINF Cincinnati Financial Corporation compare 1.6×
CB Chubb Limited compare 1.7×
ALL The Allstate Corporation compare 2.0×
AIZ Assurant, Inc. compare 2.3×
TRV The Travelers Companies, Inc. compare 2.5×
WRB W.R. Berkley Corporation compare 3.0×
PGR The Progressive Corporation 3.7×
Insurance Property & Casualty industry median 2.0×
Financial sector median 1.2×
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 →

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