Progressive Corp (PGR)
Progressive Corp brought in $91.1B of revenue over the twelve months to June 30, 2026, up 10.5% from a year earlier. Net income was $11.7B, a net margin of 12.8%. Operating cash flow minus capital spending left $17.2B of free cash flow in fiscal 2025. At June 30, 2026 it held $193M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 3, 2026.
Key facts about Progressive Corp
- Net worth
- Progressive Corp has a market value (market cap) of $123.6B at the latest share price, and shareholders' equity of $34.3B on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $87.7B (+16.3% year on year), with net income of $11.3B. Over the 12 months to June 30, 2026: revenue $91.1B, net income $11.7B.
- Cash flow
- In fiscal 2025 operations brought in $17.5B of cash; after $348M of capital spending, free cash flow was $17.2B.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on August 3, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
- Next earnings report
- Progressive Corp's next report is expected around October 14, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Progressive Corp declared dividends of $13.90 per share in fiscal 2025, a yield of 6.54% at the current price.
What Progressive Corp does
Progressive is an insurance company that sells personal and commercial auto insurance, property insurance, and specialty vehicle coverage. It distributes policies directly to consumers online and by phone, as well as through a network of independent insurance agents across the United States. Its shares trade on NYSE under the ticker PGR.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $87.7B | $11.3B | $19.23 | $17.2B |
| 2024 | $75.4B | $8.5B | $14.40 | $14.8B |
| 2023 | $62.1B | $3.9B | $6.58 | $10.4B |
| 2022 | $49.6B | $722M | $1.18 | $6.6B |
| 2021 | $47.7B | $3.4B | $5.66 | $7.5B |
| 2020 | $42.7B | $5.7B | $9.66 | $6.7B |
Full financial statements: income, balance sheet and cash flow
Where PGR ranks in Finance
Dividends
Progressive Corp declared $13.90 per share in fiscal 2025. At the current price that is a yield of 6.54%. It paid out $2.9B in cash dividends, 25% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $13.90 | $2.9B | 25% |
| 2024 | $4.90 | $674M | 8% |
| 2023 | $1.15 | $234M | 6% |
| 2022 | $0.40 | $234M | 32% |
| 2021 | $1.90 | $3.7B | 112% |
| 2020 | $4.90 | $1.6B | 27% |
Latest SEC filings
What Progressive Corp has filed recently, newest first. Each links to the original document on SEC EDGAR.
- September 18, 2026
- August 19, 2026
- August 10, 2026
- August 3, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 7.3% to $23.6B versus the same quarter last year; diluted EPS $5.67 versus $5.40.
- July 15, 2026
- June 17, 2026
- May 20, 2026
- May 12, 2026
- May 12, 2026
- May 4, 2026Quarterly report 10-Q · period to March 31, 2026Revenue rose 8.7% to $22.2B versus the same quarter last year; diluted EPS $4.80 versus $4.37.
What is PGR worth? A DCF from its reported cash flow
Insider trades
What the people running Progressive Corp did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $23.2M worth of shares in the last 90 days and bought none on the open market. All of the selling was pre-planned under Rule 10b5-1 trading plans.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 24, 2026 | Broz StevenChief Information Officer | Soldpre-planned (10b5-1) | 1,225 | $250.3K |
| September 1, 2026 | Griffith Susan PatriciaPresident and CEO, Director | Soldpre-planned (10b5-1) | 37,338 | $8.2M |
| September 1, 2026 | Griffith Susan PatriciaPresident and CEO, Director | Gave as a gift | 1,598 | - |
| August 20, 2026 | Broz StevenChief Information Officer | Soldpre-planned (10b5-1) | 1,225 | $268.8K |
| August 13, 2026 | Niederst Lori AChief Personal Lines Officer | Soldpre-planned (10b5-1) | 7,339 | $1.5M |
| July 28, 2026 | Quigg Andrew JVP and Chief Financial Officer | Soldpre-planned (10b5-1) | 3,499 | $769.8K |
| July 27, 2026 | Bailo KarenCommercial Lines President | Soldpre-planned (10b5-1) | 8,452 | $1.8M |
| July 27, 2026 | Bauer Jonathan S.Chief Investment Officer | Soldpre-planned (10b5-1) | 2,242 | $476.9K |
Who owns PGR
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Vanguard Capital Management13G, passive | 7.53% | April 30, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 1,818 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 48,048,848 | -4,274,758 |
| Vanguard Capital Management LLC | 38,148,192 | +49,833 |
| Capital Research Global Investors | 26,549,107 | +3,974,965 |
| State Street Corp | 26,526,959 | +656,249 |
| Geode Capital Management, LLC | 17,009,978 | +753,134 |
| Capital World Investors | 12,490,946 | -1,682,593 |
| Bank of America Corp | 12,278,975 | -595,177 |
| Vanguard Portfolio Management LLC | 11,686,468 | -9,752 |
| Fmr LLC | 11,213,445 | +3,384,651 |
| Jpmorgan Chase & Co | 10,295,927 | -1,829,605 |
| Morgan Stanley | 9,313,526 | +465,349 |
| Norges Bank | 8,647,114 | new |
| Alliancebernstein L.P. | 9,178,776 | -986,877 |
| Capital International Investors | 7,704,091 | -1,117,509 |
| Massachusetts Financial Services Co | 7,663,770 | -4,435,885 |
| GQG Partners LLC | 7,043,101 | -2,095,839 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 6,784,205 | +410,326 |
| PeakShares LLC | 6,101 | +450 |
| Arrowstreet Capital, Limited Partnership | 6,092,628 | +3,428,801 |
| Northern Trust Corp | 5,776,119 | -61,328 |
Insiders
24 insiders reported holding 1,364,609 shares in total, about $290.1M at the last price.
| Holder | Shares |
|---|---|
| Griffith Susan PatriciaPresident and CEO, Director | 483,840 |
| Davis Charles ADirector | 250,933 |
| Sauerland John PVP and Chief Financial Officer | 229,440 |
| Quigg Andrew JVP and Chief Financial Officer | 42,595 |
| Niederst Lori AChief Personal Lines Officer | 42,567 |
| Murphy John JoClaims President | 41,291 |
| Callahan Patrick KPersonal Lines President | 36,707 |
| Bailo KarenCommercial Lines President | 32,348 |
| Broz StevenChief Information Officer | 30,032 |
| Bauer Jonathan S.Chief Investment Officer | 26,250 |
Questions about PGR
What does Progressive Corp do?
Progressive is an insurance company that sells personal and commercial auto insurance, property insurance, and specialty vehicle coverage. It distributes policies directly to consumers online and by phone, as well as through a network of independent insurance agents across the United States. Its shares trade on NYSE under the ticker PGR.
What is Progressive Corp's net worth?
Progressive Corp has a market value (market cap) of $123.6B at the latest share price, and shareholders' equity of $34.3B on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Progressive Corp profitable?
Yes. Over the twelve months to June 30, 2026 it reported net income of $11.7B on revenue of $91.1B, a net margin of 12.8%.
How much revenue does Progressive Corp make?
Over the twelve months to June 30, 2026 Progressive Corp reported revenue of $91.1B. That is 10.5% more than a year earlier.
When did Progressive Corp last report?
Its most recent periodic report is the quarterly report (10-Q) filed on August 3, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the insider trade from September 28, 2026.
When is Progressive Corp's next earnings report?
Progressive Corp's next report is expected around October 14, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
Does Progressive Corp pay a dividend?
Yes. Progressive Corp declared dividends of $13.90 per share in fiscal 2025, a yield of 6.54% at the current price.
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Follow PGR: get an email when it filesWhere the numbers come from
Financial figures are the values Progressive Corp tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.