Symbols / PGR Stock $204.02 +4.42% The Progressive Corporation

Financial Services • Insurance - Property & Casualty • United States • NYQ
PGR (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Financial Services
Industry Insurance - Property & Casualty
CEO Ms. Susan Patricia Griffith
Exch · Country NYQ · United States
Market Cap 119.05B
Enterprise Value 125.31B
Income 11.56B
Sales 89.42B
FCF (ttm) 15.50B
Book/sh 54.86
Cash/sh 3.92
Employees 70,053
Insider 10d —
IPO Mar 17, 1980
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 70.70%
P/E 10.37
Forward P/E 12.60
PEG 29.98
P/S 1.33
P/B 3.72
P/C —
EV/EBITDA 8.27
EV/Sales 1.40
Quick Ratio 0.24
Current Ratio 0.30
Debt/Eq 26.17
LT Debt/Eq —
EPS (ttm) 19.67
EPS next Y 16.20
EPS Growth 9.80%
Revenue Growth 8.70%
EPS Gr Q/Q 9.80%
Rev Gr Q/Q —
Earnings (next) 2026-07-15
Earnings (prior) 2026-04-15
ROA 7.94%
ROE 37.90%
ROIC —
Gross Margin 18.56%
Oper. Margin 16.39%
Profit Margin 12.93%
Shs Outstand 583.50M
Shs Float 582.10M
Insider Own 0.25%
Instit Own 90.36%
Short Float 1.20%
Short Ratio 2.65
Short Interest 6.96M
52W High 283.95
vs 52W High -28.15%
52W Low 189.20
vs 52W Low 7.83%
Beta 0.27
Impl. Vol. 30.52%
Rel Volume 0.73
Avg Volume 2.98M
Volume 2.18M
Target (mean) $231.19
Tgt Median $221.00
Tgt Low $190.00
Tgt High $331.00
# Analysts 21
Recom Hold
Prev Close $195.38
Price $204.02
Change 4.42%
About

The Progressive Corporation operates as an insurance company in the United States. It writes insurance for personal autos and special lines products, including motorcycles, RVs, and watercraft; and personal residential property insurance for homeowners and renters. The company also writes auto-related liability and physical damage insurance for comprising dump trucks, log trucks, garbage trucks, tractors, trailers, straight trucks, tow trucks and wreckers, vans, pick-up trucks, and autos; business-related general liability and commercial property insurance for small businesses; and workers' compensation insurance for the transportation industry. In addition, it offers other specialty property-casualty insurance and provides related services; personal property reinsurance products; and involved in investment activities. It sells its products through independent insurance agencies, as well as online and over the phone. The Progressive Corporation was founded in 1937 and is headquartered in Mayfield, Ohio.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$231.19
Mean price target
2. Current target
$204.02
Latest analyst target
3. DCF / Fair value
$478.20
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$204.02
Low
$190.00
High
$331.00
Mean
$231.19

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-06-02 main B of A Securities Buy → Buy $331
2026-05-21 main Wells Fargo Equal-Weight → Equal-Weight $222
2026-05-21 main B of A Securities Buy → Buy $320
2026-04-16 main B of A Securities Buy → Buy $312
2026-04-16 main BMO Capital Market Perform → Market Perform $221
2026-04-16 main Wells Fargo Equal-Weight → Equal-Weight $218
2026-04-14 main B of A Securities Buy → Buy $298
2026-04-09 main Wells Fargo Equal-Weight → Equal-Weight $215
2026-04-07 main Keefe, Bruyette & Woods Market Perform → Market Perform $210
2026-03-31 main Morgan Stanley Underweight → Underweight $190
2026-03-25 main B of A Securities Buy → Buy $295
2026-03-24 main Jefferies Hold → Hold $215
2026-03-23 main UBS Neutral → Neutral $220
2026-03-20 main Mizuho Neutral → Neutral $223
2026-03-19 main B of A Securities Buy → Buy $305
2026-03-19 main Keefe, Bruyette & Woods Market Perform → Market Perform $227
2026-03-19 main Wells Fargo Equal-Weight → Equal-Weight $217
2026-03-11 main BMO Capital Market Perform → Market Perform $208
2026-03-10 main B of A Securities Buy → Buy $308
2026-02-23 main UBS Neutral → Neutral $218
News
RSS: Latest PGR news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-05-08 KELLY JEFFREY D Director — 1,098 $0.00 $0
2026-05-08 DAVIS CHARLES A. Director — 1,959 $0.00 $0
2026-05-08 BLESER PHILIP F. Director — 1,145 $0.00 $0
2026-05-08 CRAIG PAMELA J Director — 1,207 $0.00 $0
2026-05-08 VAN DYKE KAHINA Director — 1,856 $0.00 $0
2026-05-08 JOHNSON DEVIN C Director — 1,908 $0.00 $0
2026-05-08 SNYDER BARBARA R Director — 1,779 $0.00 $0
2026-05-08 FARAH ROGER N Director — 2,011 $0.00 $0
2026-05-08 BURGDOERFER STUART B Director — 1,238 $0.00 $0
2026-05-08 FITT LAWTON WEHLE Director — 3,093 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
87,637.00
+16.32%
75,343.00
+21.36%
62,083.00
+25.20%
49,587.00
Operating Revenue
87,637.00
+16.32%
75,343.00
+21.36%
62,083.00
+25.20%
49,587.00
Total Expenses
73,414.00
+13.59%
64,630.00
+13.03%
57,179.00
+17.50%
48,665.00
Reconciled Depreciation
313.00
+10.21%
284.00
-0.35%
285.00
-6.86%
306.00
EBIT
14,501.00
+31.92%
10,992.00
+112.53%
5,172.00
+343.57%
1,166.00
Total Unusual Items
—
0.00
0.00
+100.00%
-225.00
Total Unusual Items Excluding Goodwill
—
0.00
0.00
+100.00%
-225.00
Special Income Charges
—
0.00
0.00
+100.00%
-225.00
Impairment Of Capital Assets
—
0.00
0.00
-100.00%
225.00
Net Income
11,308.00
+33.35%
8,480.00
+117.27%
3,903.00
+440.58%
722.00
Pretax Income
14,223.00
+32.76%
10,713.00
+118.45%
4,904.00
+431.89%
922.00
Net Non Operating Interest Income Expense
-278.00
+0.36%
-279.00
-4.10%
-268.00
-9.84%
-244.00
Interest Expense Non Operating
278.00
-0.36%
279.00
+4.10%
268.00
+9.84%
244.00
Net Interest Income
-278.00
+0.36%
-279.00
-4.10%
-268.00
-9.84%
-244.00
Interest Expense
278.00
-0.36%
279.00
+4.10%
268.00
+9.84%
244.00
Other Income Expense
504.00
+22.03%
413.00
+33.23%
310.00
+3.33%
300.00
Tax Provision
2,915.00
+30.54%
2,233.00
+123.08%
1,001.00
+400.50%
200.00
Tax Rate For Calcs
0.00
-4.76%
0.00
+5.00%
0.00
-9.09%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
+100.00%
-49.50
Net Income Including Noncontrolling Interests
11,308.00
+33.35%
8,480.00
+117.27%
3,903.00
+440.58%
722.00
Net Income From Continuing Operation Net Minority Interest
11,308.00
+33.35%
8,480.00
+117.27%
3,903.00
+440.58%
722.00
Net Income From Continuing And Discontinued Operation
11,308.00
+33.35%
8,480.00
+117.27%
3,903.00
+440.58%
722.00
Net Income Continuous Operations
11,308.00
+33.35%
8,480.00
+117.27%
3,903.00
+440.58%
722.00
Minority Interests
—
—
—
—
Normalized Income
11,308.00
+33.35%
8,480.00
+117.27%
3,903.00
+334.87%
897.50
Net Income Common Stockholders
11,308.00
+33.62%
8,463.00
+118.97%
3,865.00
+456.12%
695.00
Diluted EPS
19.23
+33.54%
14.40
+118.84%
6.58
+457.63%
1.18
Basic EPS
19.29
+33.49%
14.45
+118.61%
6.61
+455.46%
1.19
Basic Average Shares
586.30
+0.14%
585.50
+0.10%
584.90
+0.09%
584.40
Diluted Average Shares
588.10
+0.07%
587.70
+0.03%
587.50
+0.07%
587.10
Diluted NI Availto Com Stockholders
11,308.00
+33.62%
8,463.00
+118.97%
3,865.00
+456.12%
695.00
Loss Adjustment Expense
55,183.00
+12.48%
49,060.00
+7.46%
45,655.00
+19.76%
38,123.00
Net Policyholder Benefits And Claims
55,183.00
+12.48%
49,060.00
+7.46%
45,655.00
+19.76%
38,123.00
Policyholder Benefits Gross
—
—
—
38,122.70
Preferred Stock Dividends
—
17.00
-55.26%
38.00
+40.74%
27.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
123,039.00
+16.35%
105,745.00
+19.23%
88,691.00
+17.53%
75,465.00
Cash Cash Equivalents And Short Term Investments
19,836.00
-73.93%
76,090.00
+22.23%
62,253.00
+25.21%
49,717.10
Cash And Cash Equivalents
125.00
-12.59%
143.00
+68.24%
85.00
-58.23%
203.50
Other Short Term Investments
19,711.00
-74.05%
75,947.00
+22.16%
62,168.00
+25.56%
49,513.60
Receivables
19,445.00
+1.63%
19,134.00
+12.21%
17,052.00
+4.94%
16,249.00
Accounts Receivable
19,445.00
+1.63%
19,134.00
+12.21%
17,052.00
+4.94%
16,249.00
Prepaid Assets
197.00
-43.55%
349.00
+39.60%
250.00
-15.40%
295.50
Net PPE
783.00
-0.89%
790.00
-10.33%
881.00
-14.80%
1,034.00
Goodwill And Other Intangible Assets
—
—
—
314.20
Goodwill
—
—
—
227.90
Other Intangible Assets
—
—
—
86.30
Investments And Advances
97,373.00
+21.34%
80,250.00
+21.59%
65,999.00
+23.25%
53,548.30
Total Liabilities Net Minority Interest
92,716.00
+15.67%
80,154.00
+17.16%
68,414.00
+14.84%
59,574.00
Payables And Accrued Expenses
7,972.00
+195.81%
2,695.00
—
5,532.80
Payables
7,972.00
+195.81%
2,695.00
—
5,532.80
Accounts Payable
—
—
—
5,532.80
Dividends Payable
7,972.00
+195.81%
2,695.00
—
—
Long Term Debt And Capital Lease Obligation
6,897.00
+0.06%
6,893.00
+0.06%
6,889.00
+7.84%
6,388.30
Long Term Debt
6,897.00
+0.06%
6,893.00
+0.06%
6,889.00
+7.84%
6,388.30
Non Current Deferred Liabilities
—
—
—
—
Non Current Deferred Taxes Liabilities
—
—
—
—
Stockholders Equity
30,323.00
+18.49%
25,591.00
+26.21%
20,277.00
+27.60%
15,891.00
Common Stock Equity
30,323.00
+18.49%
25,591.00
+29.36%
19,783.00
+28.49%
15,397.10
Capital Stock
586.00
+0.00%
586.00
-45.69%
1,079.00
+0.02%
1,078.80
Common Stock
586.00
+0.00%
586.00
+0.17%
585.00
+0.02%
584.90
Preferred Stock
0.00
0.00
-100.00%
494.00
+0.02%
493.90
Share Issued
798.57
+0.07%
798.00
+0.05%
797.60
+0.00%
797.60
Ordinary Shares Number
586.10
+0.02%
586.00
+0.12%
585.30
+0.07%
584.90
Treasury Shares Number
212.47
+0.22%
212.00
-0.14%
212.30
-0.19%
212.70
Additional Paid In Capital
2,307.00
+7.55%
2,145.00
+6.56%
2,013.00
+6.34%
1,893.00
Retained Earnings
27,327.00
+12.54%
24,283.00
+29.16%
18,801.00
+19.59%
15,721.20
Gains Losses Not Affecting Retained Earnings
103.00
+107.24%
-1,423.00
+11.94%
-1,616.00
+42.33%
-2,802.00
Other Equity Adjustments
-13.00
+7.14%
-14.00
+0.00%
-14.00
+3.45%
-14.50
Total Equity Gross Minority Interest
30,323.00
+18.49%
25,591.00
+26.21%
20,277.00
+27.60%
15,891.00
Total Capitalization
37,220.00
+14.58%
32,484.00
+19.58%
27,166.00
+21.93%
22,279.30
Invested Capital
37,220.00
+14.58%
32,484.00
+21.79%
26,672.00
+22.43%
21,785.40
Total Debt
6,897.00
+0.06%
6,893.00
+0.06%
6,889.00
+7.84%
6,388.30
Net Debt
6,772.00
+0.33%
6,750.00
-0.79%
6,804.00
+10.01%
6,184.80
Net Tangible Assets
30,323.00
+18.49%
25,591.00
+26.21%
20,277.00
+27.60%
15,891.00
Tangible Book Value
30,323.00
+18.49%
25,591.00
+29.36%
19,783.00
+28.49%
15,397.10
Foreign Currency Translation Adjustments
-1.00
+0.00%
-1.00
+0.00%
-1.00
+16.67%
-1.20
Preferred Stock Equity
—
—
494.00
+0.02%
493.90
Unrealized Gain Loss
117.00
+108.31%
-1,408.00
+12.05%
-1,601.00
+42.54%
-2,786.30
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
17,548.00
+16.07%
15,119.00
+42.06%
10,643.00
+55.39%
6,849.00
Cash Flow From Continuing Operating Activities
17,548.00
+16.07%
15,119.00
+42.06%
10,643.00
+55.39%
6,849.00
Net Income From Continuing Operations
11,308.00
+33.35%
8,480.00
+117.27%
3,903.00
+440.58%
722.00
Depreciation
313.00
+10.21%
284.00
-0.35%
285.00
-6.86%
306.00
Amortization Cash Flow
—
—
14.20
-54.19%
31.00
Depreciation And Amortization
313.00
+10.21%
284.00
-0.35%
285.00
-6.86%
306.00
Amortization Of Intangibles
—
—
14.20
-54.19%
31.00
Stock Based Compensation
132.00
+8.20%
122.00
+0.83%
121.00
-1.63%
123.00
Asset Impairment Charge
—
0.00
0.00
-100.00%
225.00
Operating Gains Losses
-711.00
-183.27%
-251.00
+20.82%
-317.00
-116.59%
1,911.00
Gain Loss On Investment Securities
-727.00
-175.38%
-264.00
+25.21%
-353.00
-118.46%
1,912.00
Gain Loss On Sale Of PPE
16.00
+23.08%
13.00
-63.89%
36.00
+3700.00%
-1.00
Change In Working Capital
6,630.00
+1.78%
6,514.00
-1.45%
6,610.00
+84.28%
3,587.00
Change In Receivables
-311.00
+85.06%
-2,082.00
-159.28%
-803.00
+57.04%
-1,869.00
Changes In Account Receivables
-311.00
+85.06%
-2,082.00
-159.28%
-803.00
+57.04%
-1,869.00
Change In Prepaid Assets
152.00
+253.54%
-99.00
-315.22%
46.00
-71.60%
162.00
Change In Payables And Accrued Expense
1,556.00
+25.89%
1,236.00
+76.57%
700.00
+251.76%
199.00
Change In Payable
1,556.00
+25.89%
1,236.00
+76.57%
700.00
+251.76%
199.00
Change In Account Payable
1,556.00
+25.89%
1,236.00
+76.57%
700.00
+251.76%
199.00
Change In Other Working Capital
-298.00
+54.78%
-659.00
-998.33%
-60.00
+89.81%
-589.00
Investing Cash Flow
-14,527.00
-5.66%
-13,749.00
-26.81%
-10,842.00
-36.27%
-7,956.00
Cash Flow From Continuing Investing Activities
-14,527.00
-5.66%
-13,749.00
-26.81%
-10,842.00
-36.27%
-7,956.00
Net PPE Purchase And Sale
-268.00
-28.85%
-208.00
-1.46%
-205.00
+20.23%
-257.00
Purchase Of PPE
-348.00
-22.11%
-285.00
-13.10%
-252.00
+13.70%
-292.00
Sale Of PPE
80.00
+3.90%
77.00
+63.83%
47.00
+34.29%
35.00
Capital Expenditure
-348.00
-22.11%
-285.00
-13.10%
-252.00
+13.70%
-292.00
Net Investment Purchase And Sale
-14,334.00
-4.54%
-13,712.00
-29.04%
-10,626.00
-41.28%
-7,521.00
Purchase Of Investment
-59,094.00
-23.25%
-47,946.00
-85.38%
-25,863.00
+9.37%
-28,536.00
Sale Of Investment
44,760.00
+30.75%
34,234.00
+124.68%
15,237.00
-27.49%
21,015.00
Net Business Purchase And Sale
—
—
0.00
0.00
Purchase Of Business
—
—
0.00
0.00
Net Other Investing Changes
75.00
-56.14%
171.00
+1654.55%
-11.00
+93.82%
-178.00
Financing Cash Flow
-3,037.00
-130.78%
-1,316.00
-1787.18%
78.00
-93.07%
1,126.00
Cash Flow From Continuing Financing Activities
-3,037.00
-130.78%
-1,316.00
-1787.18%
78.00
-93.07%
1,126.00
Net Issuance Payments Of Debt
0.00
0.00
-100.00%
496.00
-66.62%
1,486.00
Issuance Of Debt
0.00
0.00
-100.00%
496.00
-66.62%
1,486.00
Repayment Of Debt
—
—
0.00
0.00
Long Term Debt Issuance
0.00
0.00
-100.00%
496.00
-66.62%
1,486.00
Long Term Debt Payments
—
—
0.00
0.00
Net Long Term Debt Issuance
—
—
496.00
-66.62%
1,486.00
Net Common Stock Issuance
-166.00
-23.88%
-134.00
+4.96%
-141.00
-42.42%
-99.00
Common Stock Payments
-166.00
-23.88%
-134.00
+4.96%
-141.00
-42.42%
-99.00
Common Stock Dividend Paid
-2,871.00
-325.96%
-674.00
-188.03%
-234.00
+0.00%
-234.00
Cash Dividends Paid
-2,871.00
-320.97%
-682.00
-146.21%
-277.00
-6.13%
-261.00
Repurchase Of Capital Stock
-166.00
+73.82%
-634.00
-349.65%
-141.00
-42.42%
-99.00
Proceeds From Stock Option Exercised
—
—
—
0.00
Changes In Cash
-16.00
-129.63%
54.00
+144.63%
-121.00
-736.84%
19.00
Beginning Cash Position
154.00
+54.00%
100.00
-54.75%
221.00
+9.41%
202.00
End Cash Position
138.00
-10.39%
154.00
+54.00%
100.00
-54.75%
221.00
Free Cash Flow
17,200.00
+15.95%
14,834.00
+42.76%
10,391.00
+58.47%
6,557.00
Interest Paid Supplemental Data
276.00
+0.00%
276.00
+4.15%
265.00
+15.72%
229.00
Income Tax Paid Supplemental Data
3,107.00
+20.19%
2,585.00
+214.86%
821.00
+14.19%
719.00
Amortization Of Securities
-124.00
-313.33%
-30.00
-173.17%
41.00
+264.00%
-25.00
Net Preferred Stock Issuance
0.00
+100.00%
-500.00
0.00
0.00
Preferred Stock Dividend Paid
0.00
+100.00%
-8.00
+81.40%
-43.00
-59.26%
-27.00
Preferred Stock Payments
0.00
+100.00%
-500.00
0.00
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Trades
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status
Posts
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