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
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The Progressive Corporation (PGR) Return on equity
The Progressive Corporation's return on equity over the twelve months to 30 September 2026 was 33.2%, down 7.2 percentage points from fiscal 2025 (40.5%). Over the past ten years it has ranged from 4.19% (fiscal 2022) to 40.5% (fiscal 2025) — the current reading is the highest in ten years. That is above the Insurance Property & Casualty industry median of 16.9% and above the Financial sector median of 9.13%.
Return on equity, annual
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Annual newest first
| Period | Return on equity | Change (points) |
|---|---|---|
| FY2025 | 40.5% | 3.15 |
| FY2024 | 37.3% | 15.33 |
| FY2023 | 22.0% | 17.78 |
| FY2022 | 4.19% | (15.20) |
| FY2021 | 19.4% | (18.81) |
| FY2020 | 38.2% | 4.65 |
| FY2019 | 33.6% | 7.10 |
| FY2018 | 26.5% | 7.98 |
| FY2017 | 18.5% | 4.95 |
| FY2016 | 13.5% | (4.31) |
Against its own ten years
Return on equity against peers
| Company | Return on equity |
|---|---|
| ALL The Allstate Corporation compare | 41.3% |
| PGR The Progressive Corporation | 33.2% |
| TRV The Travelers Companies, Inc. compare | 27.3% |
| WRB W.R. Berkley Corporation compare | 19.2% |
| AIZ Assurant, Inc. compare | 18.1% |
| CINF Cincinnati Financial Corporation compare | 16.9% |
| CB Chubb Limited compare | 14.4% |
| MKL Markel Group Inc. compare | 9.81% |
| L Loews Corporation compare | 7.76% |
| Insurance Property & Casualty industry median | 16.9% |
| Financial sector median | 9.13% |
| Market median | 1.01% |
What Return on equity is
ROE shows how much profit a company earns for its shareholders on the equity they have in the business.
Annual: Net Income Allotted to Shareholders ÷ Average Common Equity; TTM: Net Income Allotted to Shareholders ÷ Average Common Equity (latest quarter)
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/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- 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