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The Progressive Corporation

PGRFinancial ServicesNASDAQ

Insurance - Property & Casualty · Last scanned Jun 1, 2026

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Financials · Annual
Revenue
$87.64B
+16.3% YoY
Net Income
$11.31B
+33.3% YoY
Free Cash Flow
$15.50B

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About The Progressive Corporation

The Progressive Corporation operates as an insurance company in the United States. At a $111.10B market cap, The Progressive Corporation ranks as a large-cap company within financial services. It writes insurance for personal autos and special lines products, including motorcycles, RVs, and watercraft; and personal residential property insurance for homeowners and renters.

Key stats
Market Cap$111.10B
P/E (TTM)9.68
Fwd P/E11.75
EPS$19.67
Beta0.29
52W Change-34.1%
Dividend Yield7.30%
ROE37.9%
Analysis

On the balance sheet, PGR has $2.29B in cash with $8.39B in obligations. The ability to service this debt comfortably depends on continued operational cash generation. Free cash flow comes in at $15.50B, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. Return on equity stands at 37.9%, which is exceptionally high for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. An ROA of 7.9% suggests reasonable efficiency in deploying the company's asset base. Revenue has grown from $49.59B (2022) to $87.64B (2025), reflecting a 77% increase over the period.

PGR's low beta indicates it tends to be less volatile than the broader market, which may suit investors seeking more stable price behavior. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence The Progressive Corporation's trajectory.

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