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) P/E ratio
As of 16 October 2026, The Progressive Corporation (PGR) trades at a P/E ratio of 10.9×. Over the past ten years it has ranged from 8.3× (June 2021) to 122× (March 2023); the current reading is higher than 13% of that period. That is in line with the Insurance Property & Casualty industry median of 10.7× and below the Financial sector median of 12.4×.
P/E ratio, daily
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Annual newest first
| Period | P/E ratio | Change |
|---|---|---|
| FY2025 | 11.8× | (28.86%) |
| FY2024 | 16.6× | (32.24%) |
| FY2023 | 24.5× | (77.61%) |
| FY2022 | 109× | 506.20% |
| FY2021 | 18.0× | 76.97% |
| FY2020 | 10.2× | (4.95%) |
| FY2019 | 10.7× | (20.90%) |
| FY2018 | 13.6× | (33.39%) |
| FY2017 | 20.4× | 1.39% |
| FY2016 | 20.1× | 35.72% |
Quarterly newest first
| Period | P/E ratio | Change |
|---|---|---|
| Sep 2026 | 10.4× | (5.10%) |
| Jun 2026 | 10.9× | 8.76% |
| Mar 2026 | 10.1× | (14.84%) |
| Dec 2025 | 11.8× | (12.66%) |
| 43 more quarters | Free account |
Against its own ten years
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| ALL The Allstate Corporation compare | 4.9× |
| CINF Cincinnati Financial Corporation compare | 8.0× |
| MKL Markel Group Inc. compare | 10.1× |
| TRV The Travelers Companies, Inc. compare | 10.3× |
| PGR The Progressive Corporation | 10.9× |
| CB Chubb Limited compare | 12.6× |
| AIZ Assurant, Inc. compare | 13.4× |
| L Loews Corporation compare | 13.5× |
| WRB W.R. Berkley Corporation compare | 15.3× |
| Insurance Property & Casualty industry median | 10.7× |
| Financial sector median | 12.4× |
| Market median | 18.1× |
What P/E ratio is
Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.
Stock Price ÷ EPS (Basic) (TTM)
More on PGR
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- 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