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Profile & Fundamentals

Progressive Profile & Fundamentals

Name: Progressive financial chart data preview
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Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.

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Company and Market Context

Company Profile & Ownership

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.

Company profile record

Progressive Corp

Common Stock · Financials · Property & Casualty Insurance

Official website

Company

Company / asset: Progressive Corp
Security type: Common Stock
Sector: Financials
Industry: Property & Casualty Insurance
HQ: 🇺🇸 United States
Head office: 300 North Commons Blvd., Mayfield, OH, United States, 44143

Leadership & scale

Chief executive: Ms. Susan Patricia Griffith
CEO year born: 1964
Full-time employees: 70.1K
Fiscal year end: December
IPO date: 1986-07-09

Fundamentals snapshot

Updated 2026-09-14

Market Cap: USD 124.7B
P/E: 10.7x
Revenue (Q2 26): USD 23.6B
Profit (Q2 26): USD 3.3B
Dividend Yield: 4.6%
Revenue (FY 25): USD 87.6B
Shares in public float: 579.1M
Insider ownership: 0.24%

Reporting & identifiers

Symbol: PGR.NYSE
Listing: 🇺🇸 United States | Dividend Tax: 30%
Ticker Currency: USD
Income Statement Currency: USD
Balance Sheet Currency: USD
Cash Flow Currency: USD
EPS Currency: USD
Contract Type: SPOT
ISIN: US7433151039
Asset ID: equity_d7aa340b-cc07-5c11-bd9d-f3ff398cf5c2

Ownership

Shares Outstanding

Shares outstanding

Annual reported shares outstanding. Values in shares.

Top holders

BlackRock Inc52,323,606 shares · 9.00% · Reported 2026-03-31
Vanguard Capital Management, LLC38,098,359 shares · 6.56% · Reported 2026-03-31
Capital Research Global Investors26,549,107 shares · 4.57% · Reported 2026-06-30
State Street Corp25,870,710 shares · 4.45% · Reported 2026-03-31
Vanguard MStar Total Stk Mkt Idx Invest18,579,677 shares · 3.20% · Reported 2026-07-31
Geode Capital Management, LLC16,256,844 shares · 2.80% · Reported 2026-03-31
Vanguard 500 Index Investor15,339,653 shares · 2.64% · Reported 2026-07-31

View more holders (8)

Bank of America Corp12,874,152 shares · 2.22% · Reported 2026-03-31
Capital World Investors12,490,946 shares · 2.15% · Reported 2026-06-30
JPMorgan Chase & Co12,125,532 shares · 2.09% · Reported 2026-03-31
Massachusetts Financial Services Company12,099,655 shares · 2.08% · Reported 2026-03-31
Vanguard Portfolio Management, LLC11,696,220 shares · 2.01% · Reported 2026-03-31
AllianceBernstein L.P.10,165,653 shares · 1.75% · Reported 2026-03-31
Morgan Stanley - Brokerage Accounts8,848,177 shares · 1.52% · Reported 2026-03-31
NORGES BANK8,647,114 shares · 1.49% · Reported 2026-06-30

Earnings, Profitability & Valuation

Earnings & Revenue

AI Review

The company is currently operating as an incredibly strong cash-generating machine, with recent reports showing massive revenue growth and billions in net income. This financial success is driven by the company's ability to pick profitable drivers and earn high interest rates on the cash it holds before paying out claims. Most assessments agree that while these exceptionally high profits might naturally cool down slightly as car repair costs rise, the company's earnings will remain highly durable. However, there is some disagreement about the long-term outlook. Some believe this is the absolute peak of the company's earnings power before self-driving cars begin to shrink the market, while others argue that the company's technological edge will allow it to continue growing and outperforming traditional competitors for many years to come.

Revenue, Net Income, and Free Cash Flow

Revenue
Free cash flow
Net income

Annual reported financial results, converted using the statement's recorded USD conversion. Missing values are omitted. Values in USD.

Valuation

Historical P/E Ratio

Published P/E

Published valuation snapshots. Trailing four-quarter earnings where available; annual earnings otherwise. Non-positive earnings are omitted. Values in times earnings.

Profitability & Margins

AI Review

The company boasts exceptionally high profit margins that far exceed the industry average, thanks to its superior technology for pricing driver risk. While the market currently fears that these high margins have peaked and will inevitably fall due to rising car repair costs, the consensus suggests that any decline will be gentle and well-supported by high interest earnings on held cash. There is a clear clash, however, regarding the long-term sustainability of these margins. Some analysts warn that car manufacturers will eventually bypass traditional insurers by offering built-in insurance using real-time car data, which would severely squeeze margins. Others maintain that the company's massive data advantage and direct-to-consumer model will permanently protect its profitability, keeping it highly profitable even during tough economic times.

Profitability Margins

Gross margin
Operating margin
Net margin
Free cash flow margin

Annual gross, operating, net income and free cash flow divided by revenue for matching reporting dates. Values in percent.

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Reported Data Tables — chart preview

The following tables contain the same values as the financial charts above. Monetary values are USD; margins are percentages. Missing inputs are not estimated. Use is subject to the iPulse AI Terms of Service and applicable source rights.

Source: eodhd. Statement snapshots with chart transformations and ratios calculated by iPulse AI. Snapshot retrieved 2026-09-15.

Annual earnings and profitability
Period end	Revenue	Free cash flow	Net income	Gross margin	Operating margin	Net margin	Free cash flow margin
2016-12-31	23,417,400,000	2,486,900,000	1,031,000,000	19.96	6.28	4.4	10.62
2017-12-31	26,816,100,000	3,601,100,000	1,592,200,000	21.94	7.98	5.94	13.43
2018-12-31	31,954,700,000	6,018,800,000	2,615,300,000	23.97	9.9	8.18	18.84
2019-12-31	38,997,700,000	5,898,100,000	3,970,300,000	26.93	13.23	10.18	15.12
2020-12-31	42,638,100,000	6,682,100,000	5,704,600,000	33.4	16.82	13.38	15.67
2021-12-31	47,676,500,000	7,518,200,000	3,350,900,000	21.68	8.83	7.03	15.77
2022-12-31	49,587,000,000	6,556,800,000	722,000,000	15.22	1.86	1.46	13.22
2023-12-31	62,083,000,000	10,391,300,000	3,903,000,000	18.95	7.9	6.29	16.74
2024-12-31	75,343,000,000	14,834,000,000	8,480,000,000	27.74	14.22	11.26	19.69
2025-12-31	87,637,000,000	17,200,000,000	11,308,000,000	29.47	16.23	12.9	19.63

Published valuation snapshots
Period end	P/E (times earnings)	Earnings basis
2025-12-31	11.85	Trailing four quarters
2024-12-31	16.6	Trailing four quarters
2023-12-31	23.98	Trailing four quarters
2022-12-31	105.47	Annual net income
2021-12-31	17.91	Annual net income

Shares outstanding — chart values
Reporting date	Shares outstanding
2017-01-01	582,000,000
2018-01-01	583,500,000
2019-01-01	584,700,000
2020-01-01	585,200,000
2021-01-01	584,700,000
2022-01-01	587,100,000
2023-01-01	587,500,000
2024-01-01	587,650,000
2025-01-01	588,200,000
2026-01-01	584,300,000

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Earnings, Profitability & Valuation
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Balance Sheet
- Balance sheet AI review
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Dividends & Actions
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Company Events
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