PROGRESSIVE CORP/OH/ (PGR)
As-reported financials and recent SEC filings for PROGRESSIVE CORP/OH/, latest fiscal period FY2025. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.
About PROGRESSIVE CORP/OH/
Progressive Corporation is an insurance holding company that provides personal and commercial auto insurance, residential property insurance, and coverage for motorcycles, watercraft, and other recreational vehicles. It also offers business-related general liability, commercial property insurance, workers’ compensation primarily for the transportation industry, and other specialty property-casualty insurance. Progressive serves customers across the United States through both agency and direct channels, including independent insurance agencies and online or phone sales.
Snapshot
Fundamentals are from SEC filings. P/E and market cap are derived from recent market prices, refreshed on a rolling basis (typically within the past week).
What changed at Progressive Corp/oh/
- Revenue grew 16.3% to $87.7B in FY2025, slower than the 21.4% the year before.
- Most recent quarter Q1 FY2026: revenue $22.2B, up 8.7% from Q1 FY2025.
- Free cash flow was $17.2B in FY2025, 19.6% of revenue.
- Net income rose 33.3% to $11.3B in FY2025.
Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.
Peer comparison
Where Progressive Corp/oh/’s fundamentals sit among the 88 insurance companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).
Progressive Corp/oh/’s return on equity of 37.3% ranks in the 96th percentile of the 73 insurance companies reporting it.
No open-market insider buys in the last 90 days; 5 insider sales totaling $3.4M. For context, about 16% of companies in the universe saw any open-market insider buying in the same window. Browse insider activity →
Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.
Institutional ownership
Held by 6 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F (latest Q1 2026).
| Investor | As of | Position value | Shares | Change |
|---|---|---|---|---|
| Two Sigma Investmentsquant | Q1 2026 | $699.4M | 3.5M | Added |
| AQR Capital Managementquant | Q1 2026 | $476.8M | 2.4M | Added |
| Viking Global Investors | Q1 2026 | $320.5M | 1.6M | Added |
| Markel Group | Q1 2026 | $149.4M | 753.8K | Held |
| Renaissance Technologiesquant | Q1 2026 | $111.0M | 559.8K | Added |
| Giverny Capital | Q1 2026 | $104.7M | 528.4K | Reduced |
| D. E. Shawquant | Q1 2026 | $89.0M | 449.0K | Reduced |
| Citadel Advisorsquant | Q1 2026 | $88.9M | 448.7K | Reduced |
| Gotham Asset Management | Q1 2026 | $27.6M | 139.5K | Reduced |
| Wedgewood Partners | Q1 2026 | $16.5M | 83.4K | New |
| Millennium Managementquant | Q1 2026 | $10.3M | 51.9K | Reduced |
| Soros Fund Management | Q1 2026 | $1.9M | 9.5K | New |
No longer held by: Point72 Asset Management (as of Q1 2026), Third Point (as of Q1 2026)
From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.
Recent insider activity
Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.
| Trade date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
2026-07-23 filed 2026-07-27 | Broz StevenChief Information Officer | Sell | 1.2K | $205.17 | $237K |
2026-06-24 filed 2026-06-25 | KELLY JEFFREY DDirector | Sell | 7.0K | $216.33 | $1.5M |
2026-06-22 filed 2026-06-23 | Broz StevenChief Information Officer | Sell | 1.2K | $204.76 | $237K |
2026-06-05 filed 2026-06-08 | Murphy John JoClaims President | Sell | 5.9K | $200.00 | $1.2M |
2026-06-05 filed 2026-06-08 | Broz StevenChief Information Officer | Sell | 1.2K | $200.00 | $231K |
2026-04-16 filed 2026-04-17 | Johnson Devin CDirector | Sell | 980 | $203.10 | $199K |
Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.
Short interest
Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 2026-07-15 | 9.6M | +23.3% | 2.99 |
| 2026-06-30 | 7.8M | +2.0% | 1.68 |
| 2026-06-15 | 7.6M | +7.7% | 2.64 |
| 2026-05-29 | 7.1M | +2.0% | 1.97 |
| 2026-05-15 | 7.0M | -2.1% | 2.62 |
| 2026-04-30 | 7.1M | -10.8% | 2.98 |
| 2026-04-15 | 8.0M | +9.3% | 2.82 |
| 2026-03-31 | 7.3M | +10.1% | 2.19 |
Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.
Income statement (as reported)
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $87.67B | $75.37B | $62.11B | $49.61B | $47.70B |
| Gross profit | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Net income | $11.31B | $8.48B | $3.90B | $722.0M | $3.35B |
| Diluted EPS | $19.23 | $14.40 | $6.58 | $1.18 | $5.66 |
Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.
Balance sheet (as reported)
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | $138.0M | $154.0M | $100.0M | $221.0M | $202.0M |
| Current assets | — | — | — | — | — |
| Total assets | $123.04B | $105.75B | $88.69B | $75.47B | $71.13B |
| Current liabilities | — | — | — | — | — |
| Long-term debt | — | — | — | — | — |
| Total liabilities | $92.72B | $80.15B | $68.41B | $59.57B | $52.90B |
| Total equity | $30.32B | $25.59B | $20.28B | $15.89B | $18.23B |
Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.
Cash flow (as reported)
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Operating cash flow | $17.55B | $15.12B | $10.64B | $6.85B | $7.76B |
| Capital expenditure | $348.0M | $285.0M | $252.0M | $292.0M | $243.5M |
| Free cash flow | $17.20B | $14.83B | $10.39B | $6.56B | $7.52B |
Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.
Quarterly trend (as reported)
| Quarter | Revenue | Revenue YoY | Net income | Diluted EPS |
|---|---|---|---|---|
| Q1 FY2026 | $22.19B | 8.7% | $2.82B | $4.80 |
| Q4 FY2025 | $22.75B | 12.2% | $2.95B | $5.02 |
| Q3 FY2025 | $22.51B | 14.2% | $2.62B | $4.45 |
| Q2 FY2025 | $22.00B | 21.3% | $3.17B | $5.40 |
| Q1 FY2025 | $20.41B | 18.4% | $2.57B | $4.37 |
| Q4 FY2024 | $20.28B | 20.0% | $2.36B | $4.01 |
| Q3 FY2024 | $19.72B | 26.7% | $2.33B | $3.97 |
| Q2 FY2024 | $18.13B | 18.1% | $1.46B | $2.48 |
Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.
Company facts
Recent SEC filings
Largest insurance peers
PGR head to head
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Data sourced from SEC EDGAR (public domain). Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.