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

The Progressive Corporation (PGR) Return on equity

Alert me on 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

Low 4.19% High 40.5%
Ten-year median 22.0%
Current reading's percentile 100

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)

The full definition of Return on equity →

More on PGR