Progressive Corporation (PGR): financials, SEC filings and peers

Progressive Corporation (PGR) is a property & casualty insurance company in the Financials sector of the S&P 500, headquartered in Mayfield Village, Ohio.

It was founded in 1937 and joined the S&P 500 on August 4, 1997.

Its fiscal year ends in December, and its shares trade on the NYSE.

In its SEC filings it is classified as “Fire, Marine & Casualty Insurance”.

Progressive Corporation at a glance

Revenue (12 months): $91.1B
Revenue growth: +10.5%
Operating margin: 16.6%
Net income (12 months): $11.7B
Free cash flow (12 months): $16.0B
Cash: $193M
Debt: —
Diluted EPS (12 months): $19.94

Twelve months to June 30, 2026, from the 10-Q filed August 3, 2026.

Latest twelve months

Over the twelve months to June 30, 2026, Progressive Corporation reported revenue of $91.1 billion, up 10.5% from a year earlier.

Its operating margin was 16.6%: for every $100 of sales, about $17 was left as operating profit.

Net income was $11.7 billion (12.8% of revenue), 12.1% higher than a year earlier.

Operating cash flow was $16.3 billion and capital spending $388 million, leaving free cash flow of $16.0 billion (17.5% of revenue).

At the end of the period it held $193 million in cash and not reported in debt, a net cash position of $193 million.

Five-year trend

Revenue went from $42.7 billion in fiscal 2020 to $87.7 billion in fiscal 2025, about 15.5% a year.
Revenue has grown for 5 fiscal years in a row.
Free cash flow was positive in each of the last 6 fiscal years.

Fiscal year	2021	2022	2023	2024	2025
Revenue	$47.7B	$49.6B	$62.1B	$75.4B	$87.7B
Revenue growth	11.8%	4.0%	25.2%	21.4%	16.3%
Operating margin	—	—	—	—	—
Net income	$3.4B	$722M	$3.9B	$8.5B	$11.3B
Free cash flow	$7.5B	$6.6B	$10.4B	$14.8B	$17.2B
Diluted EPS	$5.66	$1.18	$6.58	$14.40	$19.23

Fiscal years as reported in Progressive Corporation’s 10-K filings. Free cash flow is operating cash flow minus capital spending.

Recent SEC filings

8-K filed September 18, 2026 — Regulation FD disclosure
8-K filed August 19, 2026 — Regulation FD disclosure
8-K filed August 10, 2026 — Regulation FD disclosure
10-Q filed August 3, 2026 — quarterly report
8-K filed July 15, 2026 — Earnings results
8-K filed June 17, 2026 — Executive or director change; Regulation FD disclosure
8-K filed May 20, 2026 — Regulation FD disclosure
8-K filed May 12, 2026 — Executive or director change; Shareholder vote results

All Progressive Corporation filings on SEC EDGAR

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Questions about Progressive Corporation

Is Progressive Corporation's revenue growing?

Yes. Revenue for the twelve months to June 30, 2026 was $91.1 billion, up 10.5% from a year earlier, according to its SEC filings.

Is Progressive Corporation profitable?

Yes. It earned $11.7 billion in net income over the twelve months to June 30, 2026, a net margin of 12.8%.

When did Progressive Corporation last file financial results?

Its latest quarterly report (10-Q) was filed with the SEC on August 3, 2026.

Which companies are similar to Progressive Corporation?

In the S&P 500, Progressive Corporation is grouped in Property & Casualty Insurance within the Financials sector. Arch Capital Group (ACGL), Allstate (ALL), Chubb Limited (CB), Cincinnati Financial (CINF), Hartford (The) (HIG) are in the same group.

Understand the numbers

Source: Progressive Corporation’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.