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

The Progressive Corporation (PGR) P/E ratio

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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

Against its own ten years

Low 8.3× High 122×
Ten-year median 16.1×
Current reading's percentile 15

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)

The full definition of P/E ratio →

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