The Filings Report

Progressive Corporation

PGRNYSECIK 80661Financial / Insurance - Property & Casualtyfiscal year ends December73 quarters since 2008

Revenue, Q2 FY2026
$23.6B
+7.3% on Q2 FY2025
Net income
$3.3B
+4.3% on Q2 FY2025
Free cash flow
$3.5B
−11.9% on Q2 FY2025
Diluted EPS
$5.67
+5.0% on Q2 FY2025
Revenue, TTM
$91.1B
trailing four quarters
Net margin, TTM
12.8%
net income $11.7B
Free cash flow, TTM
$16.0B
$16.3B less $388M capex
Cash and equivalents
—
long-term debt —, Jun 30, 2026
Shares, 12-month change
−0.8%
581M shares, Jun 30, 2026
Buybacks, TTM
—
no yield
Dividends, TTM
$8.1B
6.1% of market value
Market value
$134.5B
at the close, buybacks

Latest quarter Q2 FY2026, filed August 3, 2026. Trailing figures sum the latest four quarters. Market values at the latest close, from a market data vendor.

In Q2 FY2026, the quarter ended June 30, 2026, Progressive Corporation reported revenue of $23.6B, +7.3% on Q2 FY2025, and net income of $3.3B (+4.3%). Free cash flow, operating cash flow less capital expenditures, was $3.5B ($3.6B less $138M). Diluted earnings per share were $5.67.

The last 16 quarters

Q3 FY2022 to Q2 FY2026, through the filing of August 3, 2026.

Revenue and net incomeRevenueNet income
$0$10B$20B$30BQ3'22, Revenue: $12.8BQ3'22, Net income: $124MQ3'22Q4'22, Revenue: $13.5BQ4'22, Net income: $827MQ4'22Q1'23, Revenue: $14.3BQ1'23, Net income: $448MQ1'23Q2'23, Revenue: $15.4BQ2'23, Net income: $345MQ2'23Q3'23, Revenue: $15.6BQ3'23, Net income: $1.1BQ3'23Q4'23, Revenue: $16.9BQ4'23, Net income: $2.0BQ4'23Q1'24, Revenue: $17.2BQ1'24, Net income: $2.3BQ1'24Q2'24, Revenue: $18.1BQ2'24, Net income: $1.5BQ2'24Q3'24, Revenue: $19.7BQ3'24, Net income: $2.3BQ3'24Q4'24, Revenue: $20.3BQ4'24, Net income: $2.4BQ4'24Q1'25, Revenue: $20.4BQ1'25, Net income: $2.6BQ1'25Q2'25, Revenue: $22.0BQ2'25, Net income: $3.2BQ2'25Q3'25, Revenue: $22.5BQ3'25, Net income: $2.6BQ3'25Q4'25, Revenue: $22.7BQ4'25, Net income: $3.0BQ4'25Q1'26, Revenue: $22.2BQ1'26, Net income: $2.8BQ1'26Q2'26, Revenue: $23.6BQ2'26, Net income: $3.3BQ2'26$0$10B$20B$30BQ3'22, Revenue: $12.8BQ3'22, Net income: $124MQ4'22, Revenue: $13.5BQ4'22, Net income: $827MQ4'22Q1'23, Revenue: $14.3BQ1'23, Net income: $448MQ2'23, Revenue: $15.4BQ2'23, Net income: $345MQ2'23Q3'23, Revenue: $15.6BQ3'23, Net income: $1.1BQ4'23, Revenue: $16.9BQ4'23, Net income: $2.0BQ4'23Q1'24, Revenue: $17.2BQ1'24, Net income: $2.3BQ2'24, Revenue: $18.1BQ2'24, Net income: $1.5BQ2'24Q3'24, Revenue: $19.7BQ3'24, Net income: $2.3BQ4'24, Revenue: $20.3BQ4'24, Net income: $2.4BQ4'24Q1'25, Revenue: $20.4BQ1'25, Net income: $2.6BQ2'25, Revenue: $22.0BQ2'25, Net income: $3.2BQ2'25Q3'25, Revenue: $22.5BQ3'25, Net income: $2.6BQ4'25, Revenue: $22.7BQ4'25, Net income: $3.0BQ4'25Q1'26, Revenue: $22.2BQ1'26, Net income: $2.8BQ2'26, Revenue: $23.6BQ2'26, Net income: $3.3BQ2'26

Net income losses drawn in red.

Free cash flow
$0$2B$4B$6BQ3'22, Free cash flow: $1.9BQ3'22Q4'22, Free cash flow: $883MQ4'22Q1'23, Free cash flow: $2.4BQ1'23Q2'23, Free cash flow: $2.2BQ2'23Q3'23, Free cash flow: $3.4BQ3'23Q4'23, Free cash flow: $2.4BQ4'23Q1'24, Free cash flow: $4.2BQ1'24Q2'24, Free cash flow: $3.2BQ2'24Q3'24, Free cash flow: $4.6BQ3'24Q4'24, Free cash flow: $2.9BQ4'24Q1'25, Free cash flow: $5.1BQ1'25Q2'25, Free cash flow: $3.9BQ2'25Q3'25, Free cash flow: $5.1BQ3'25Q4'25, Free cash flow: $3.0BQ4'25Q1'26, Free cash flow: $4.3BQ1'26Q2'26, Free cash flow: $3.5BQ2'26$0$2B$4B$6BQ3'22, Free cash flow: $1.9BQ4'22, Free cash flow: $883MQ4'22Q1'23, Free cash flow: $2.4BQ2'23, Free cash flow: $2.2BQ2'23Q3'23, Free cash flow: $3.4BQ4'23, Free cash flow: $2.4BQ4'23Q1'24, Free cash flow: $4.2BQ2'24, Free cash flow: $3.2BQ2'24Q3'24, Free cash flow: $4.6BQ4'24, Free cash flow: $2.9BQ4'24Q1'25, Free cash flow: $5.1BQ2'25, Free cash flow: $3.9BQ2'25Q3'25, Free cash flow: $5.1BQ4'25, Free cash flow: $3.0BQ4'25Q1'26, Free cash flow: $4.3BQ2'26, Free cash flow: $3.5BQ2'26

Operating cash flow less capital expenditures; negative quarters in red.

Income statement

Last eight quarters, newest first, through Q2 FY2026 filed August 3, 2026.

Progressive Corporation income statement, quarterly
Millions of dollarsQ2 FY2026ended Jun 30, 2026filed Aug 3, 2026Q1 FY2026ended Mar 31, 2026filed May 4, 2026Q4 FY2025ended Dec 31, 2025filed Mar 2, 2026Q3 FY2025ended Sep 30, 2025filed Nov 3, 2025Q2 FY2025ended Jun 30, 2025filed Aug 4, 2025Q1 FY2025ended Mar 31, 2025filed May 5, 2025Q4 FY2024ended Dec 31, 2024filed Mar 3, 2025Q3 FY2024ended Sep 30, 2024filed Nov 4, 2024YoYQ2 FY2026vs Q2 FY2025
Revenue23,60922,18822,74622,51222,00420,40920,27619,719+7.3%
Cost of revenue—————————
Gross profit—————————
Research and development—————————
Selling, general and administrative—————————
Operating income—————————
Other income (expense)—————————
Pretax income4,2093,5663,6823,3233,9823,2362,9672,946+5.7%
Income tax898748731708807669611612+11.3%
Net income3,3112,8182,9512,6153,1752,5672,3562,334+4.3%
Diluted EPS ($)5.674.80—4.455.404.37—3.97+5.0%
Diluted shares (millions)584587—588588588—588—

Fourth quarters are the fiscal year less the first nine months when the filer reports no discrete fourth quarter, and are marked. Diluted EPS is never derived, so a derived quarter shows none. Italic figures are derived.

Balance sheet

Last eight quarters, newest first, through Q2 FY2026 filed August 3, 2026.

Progressive Corporation balance sheet, quarterly
Millions of dollarsQ2 FY2026ended Jun 30, 2026filed Aug 3, 2026Q1 FY2026ended Mar 31, 2026filed May 4, 2026Q4 FY2025ended Dec 31, 2025filed Mar 2, 2026Q3 FY2025ended Sep 30, 2025filed Nov 3, 2025Q2 FY2025ended Jun 30, 2025filed Aug 4, 2025Q1 FY2025ended Mar 31, 2025filed May 5, 2025Q4 FY2024ended Dec 31, 2024filed Mar 3, 2025Q3 FY2024ended Sep 30, 2024filed Nov 4, 2024YoYQ2 FY2026vs Q2 FY2025
Cash and equivalents—————————
Short-term investments1,9782,12610,0051,5152,1032,595615757−5.9%
Total current assets—————————
Total assets124,925122,209123,039121,535115,480111,409105,745105,203+8.2%
Total current liabilities—————————
Long-term debt—————————
Total liabilities90,59290,17092,71686,09082,87682,45580,15478,044+9.3%
Stockholders’ equity34,33332,03930,32335,44532,60428,95425,59127,159+5.3%
Shares outstanding (millions)581584586586586586586586—

Positions at each period end. Nothing on this statement is derived. Long-term debt is the filed noncurrent line only; no total-debt composite is constructed across filers. Italic figures are derived.

Cash flow statement

Last eight quarters, newest first, through Q2 FY2026 filed August 3, 2026.

Progressive Corporation cash flow statement, quarterly
Millions of dollarsQ2 FY2026ended Jun 30, 2026filed Aug 3, 2026Q1 FY2026ended Mar 31, 2026filed May 4, 2026Q4 FY2025ended Dec 31, 2025filed Mar 2, 2026Q3 FY2025ended Sep 30, 2025filed Nov 3, 2025Q2 FY2025ended Jun 30, 2025filed Aug 4, 2025Q1 FY2025ended Mar 31, 2025filed May 5, 2025Q4 FY2024ended Dec 31, 2024filed Mar 3, 2025Q3 FY2024ended Sep 30, 2024filed Nov 4, 2024YoYQ2 FY2026vs Q2 FY2025
Operating cash flow3,6074,3673,1705,1954,0405,1433,0084,609−10.7%
Capital expenditures13863121661025911057+35.3%
Free cash flow (CFO − capex)3,4694,3043,0495,1293,9385,0842,8984,552−11.9%
Depreciation and amortization—————————
Share repurchases—————————
Dividends paid587,9725958592,6955958−1.7%

10-Qs file cash flows as year-to-date totals, so quarterly figures are differenced from consecutive filings and marked. Free cash flow is operating cash flow less capital expenditures, computed from the two filed lines. Italic figures are derived.

Annual statements

Every fiscal year filed, newest first, through FY2025 filed March 2, 2026.

Income statement

Progressive Corporation income statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Mar 2, 2026FY2024ended Dec 31, 2024filed Mar 3, 2025FY2023ended Dec 31, 2023filed Feb 26, 2024FY2022ended Dec 31, 2022filed Feb 27, 2023FY2021ended Dec 31, 2021filed Feb 28, 2022FY2020ended Dec 31, 2020filed Mar 1, 2021FY2019ended Dec 31, 2019filed Mar 2, 2020FY2018ended Dec 31, 2018filed Feb 27, 2019FY2017ended Dec 31, 2017filed Feb 27, 2018FY2016ended Dec 31, 2016filed Mar 1, 2017FY2015ended Dec 31, 2015filed Feb 29, 2016FY2014ended Dec 31, 2014filed Mar 2, 2015FY2013ended Dec 31, 2013filed Feb 26, 2014FY2012ended Dec 31, 2012filed Feb 26, 2013FY2011ended Dec 31, 2011filed Feb 28, 2012FY2010ended Dec 31, 2010filed Mar 1, 2011FY2009ended Dec 31, 2009filed Mar 1, 2010FY2008ended Dec 31, 2008filed Aug 10, 2009FY2007ended Dec 31, 2007filed Mar 1, 2010
Revenue87,67175,37262,10949,61147,70242,65839,02231,97926,83923,44120,85419,39118,17117,08415,77515,21614,56412,84014,687
Cost of revenue———————————————————
Gross profit———————————————————
Research and development———————————————————
Selling, general and administrative———————————————————
Operating income———————————————————
Other income (expense)———————————————————
Pretax income14,22310,7134,9049224,2107,1735,1603,1642,1391,4711,9121,9071,7201,3181,4871,5651,557(222)1,693
Income tax2,9152,2331,0012008591,4691,180543541414611626555415472497499(152)511
Net income11,3088,4803,9037223,3515,7053,9702,6151,5921,0311,2681,2811,1659021,0161,0681,058(70)1,183
Diluted EPS ($)19.2314.406.581.185.669.666.724.422.721.762.152.151.931.481.591.611.57(0.10)1.65
Diluted shares (millions)588588588587587588587587586585589595604608637663672674719

Balance sheet

Progressive Corporation balance sheet, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Mar 2, 2026FY2024ended Dec 31, 2024filed Mar 3, 2025FY2023ended Dec 31, 2023filed Feb 26, 2024FY2022ended Dec 31, 2022filed Feb 27, 2023FY2021ended Dec 31, 2021filed Feb 28, 2022FY2020ended Dec 31, 2020filed Mar 1, 2021FY2019ended Dec 31, 2019filed Mar 2, 2020FY2018ended Dec 31, 2018filed Feb 27, 2019FY2017ended Dec 31, 2017filed Feb 27, 2018FY2016ended Dec 31, 2016filed Mar 1, 2017FY2015ended Dec 31, 2015filed Feb 29, 2016FY2014ended Dec 31, 2014filed Mar 2, 2015FY2013ended Dec 31, 2013filed Feb 26, 2014FY2012ended Dec 31, 2012filed Feb 26, 2013FY2011ended Dec 31, 2011filed Feb 28, 2012FY2010ended Dec 31, 2010filed Mar 1, 2011FY2009ended Dec 31, 2009filed Mar 1, 2010FY2008ended Dec 31, 2008filed Aug 10, 2009FY2007ended Dec 31, 2007filed Mar 1, 2010
Cash and equivalents———————————————————
Short-term investments10,0056151,7902,8629435,2191,7991,7962,8693,5732,1722,1491,2731,9901,5521,0911,0781,154—
Total current assets———————————————————
Total assets123,039105,74588,69175,46571,13264,09854,91146,57538,70133,42829,81925,78824,40822,69521,84521,15020,04918,251—
Total current liabilities———————————————————
Long-term debt——————————2,7082,1651,8612,0632,4421,9582,1772,176—
Total liabilities92,71680,15468,41459,57452,90147,06041,01235,53928,91324,98722,06518,85918,21916,68816,03815,10114,30114,035—
Stockholders’ equity30,32325,59120,27715,89118,23217,03913,67310,8229,2857,9577,2896,9296,1906,0075,8076,0495,7494,2154,936
Shares outstanding (millions)586586586585585586585584582581584589595604612660672——

Cash flow statement

Progressive Corporation cash flow statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Mar 2, 2026FY2024ended Dec 31, 2024filed Mar 3, 2025FY2023ended Dec 31, 2023filed Feb 26, 2024FY2022ended Dec 31, 2022filed Feb 27, 2023FY2021ended Dec 31, 2021filed Feb 28, 2022FY2020ended Dec 31, 2020filed Mar 1, 2021FY2019ended Dec 31, 2019filed Mar 2, 2020FY2018ended Dec 31, 2018filed Feb 27, 2019FY2017ended Dec 31, 2017filed Feb 27, 2018FY2016ended Dec 31, 2016filed Mar 1, 2017FY2015ended Dec 31, 2015filed Feb 29, 2016FY2014ended Dec 31, 2014filed Mar 2, 2015FY2013ended Dec 31, 2013filed Feb 26, 2014FY2012ended Dec 31, 2012filed Feb 26, 2013FY2011ended Dec 31, 2011filed Feb 28, 2012FY2010ended Dec 31, 2010filed Mar 1, 2011FY2009ended Dec 31, 2009filed Mar 1, 2010FY2008ended Dec 31, 2008filed Aug 10, 2009FY2007ended Dec 31, 2007filed Mar 1, 2010
Operating cash flow17,54815,11910,6436,8497,7626,9066,2626,2853,7572,7332,2931,7261,9001,6911,4981,6791,4871,5491,791
Capital expenditures34828525229224422436426615621513110814012879656799136
Free cash flow (CFO − capex)17,20014,83410,3916,5577,5186,6825,8986,0193,6012,5182,1621,6181,7601,5641,4191,6151,4201,4511,655
Depreciation and amortization———————————————————
Share repurchases—————————1932092712731749982591811791,548
Dividends paid2,8716742342343,7471,5511,6436553955194048931768542647640981,407

Insider activity

Form 4 filings by officers, directors and 10% owners, November 1, 2024 to November 1, 2026. Only open-market purchases and sales count as buys and sells; awards, exercises, tax withholding and gifts are listed in grey and never counted.

Bought, three months
$0
0 purchases by 0 insiders; officers and directors $0
Sold, three months
$11M
5 sales by 3 insiders; officers and directors $11M
Bought, twelve months
$0
0 purchases by 0 insiders; officers and directors $0
Sold, twelve months
$31M
27 sales by 12 insiders; officers and directors $31M

The last 25 transactions

TradedInsiderRoleTransactionSharesPriceValueHeld afterFiled
Oct 22, 2026Broz StevenChief Information Officeropen-market sale10b5-11,225$223.32$274K28,807Oct 26, 2026
Sep 24, 2026Broz StevenChief Information Officeropen-market sale10b5-11,225$204.29$250K30,032Sep 28, 2026
Sep 1, 2026Griffith Susan PatriciaPresident and CEO, Directoropen-market sale10b5-137,338$219.50$8M485,438Sep 2, 2026
Sep 1, 2026Griffith Susan PatriciaPresident and CEO, Directorgift1,598$0.00—483,840Sep 2, 2026
Aug 20, 2026Broz StevenChief Information Officeropen-market sale10b5-11,225$219.40$269K31,257Aug 24, 2026
Aug 13, 2026Niederst Lori AChief Personal Lines Officeropen-market sale10b5-17,339$209.29$2M42,567Aug 17, 2026
Jul 28, 2026Quigg Andrew JVP and Chief Financial Officeropen-market sale10b5-13,499$220.00$770K42,595Jul 29, 2026
Jul 27, 2026Murphy John JoClaims Presidentopen-market sale10b5-18,124$212.70$2M41,291Jul 28, 2026
Jul 27, 2026Griffith Susan PatriciaPresident and CEO, Directoropen-market sale10b5-137,338$212.71$8M522,776Jul 28, 2026
Jul 27, 2026Bauer Jonathan S.Chief Investment Officeropen-market sale10b5-12,242$212.71$477K26,250Jul 28, 2026
Jul 27, 2026Bailo KarenCommercial Lines Presidentopen-market sale10b5-18,452$212.71$2M32,348Jul 28, 2026
Jul 24, 2026Witalec Daniel JChief Strategy Officeraward2,422$0.00—4,872Jul 28, 2026
Jul 24, 2026Witalec Daniel JChief Strategy Officertax withholding706$211.90$150K4,166Jul 28, 2026
Jul 24, 2026Stringer David MVice Pres, Secretary and CLOaward530$0.00—5,269Jul 28, 2026
Jul 24, 2026Stringer David MVice Pres, Secretary and CLOtax withholding235$211.90$50K5,034Jul 28, 2026
Jul 24, 2026Quigg Andrew JVP and Chief Financial Officeraward12,525$0.00—51,620Jul 28, 2026
Jul 24, 2026Quigg Andrew JVP and Chief Financial Officertax withholding5,526$211.90$1M46,094Jul 28, 2026
Jul 24, 2026Niederst Lori AChief Personal Lines Officeraward13,152$0.00—55,718Jul 28, 2026
Jul 24, 2026Niederst Lori AChief Personal Lines Officertax withholding5,812$211.90$1M49,906Jul 28, 2026
Jul 24, 2026Murphy John JoClaims Presidentaward14,529$0.00—55,819Jul 28, 2026
Jul 24, 2026Murphy John JoClaims Presidenttax withholding6,404$211.90$1M49,415Jul 28, 2026
Jul 24, 2026Griffith Susan PatriciaPresident and CEO, Directoraward133,595$0.00—619,033Jul 28, 2026
Jul 24, 2026Griffith Susan PatriciaPresident and CEO, Directortax withholding58,919$211.90$12M560,114Jul 28, 2026
Jul 24, 2026Day Heather ECRM Presidentaward2,088$0.00—19,508Jul 28, 2026
Jul 24, 2026Day Heather ECRM Presidenttax withholding613$211.90$130K18,895Jul 28, 2026

Full insider history for Progressive Corporation, or insider activity across all companies. A record of filings, not a recommendation.

Tracked funds holding it

1 of the tracked managers held PGR in their latest 13F filing, through August 14, 2026. Weight is the share of the fund’s reported portfolio. How the funds have traded PGR by quarter.

FundManagerQuarterValueSharesWeightMove
Baron Capital GroupRon BaronQ2 2026$666K3,0500.00%trimmed −11.6%

Sources

Fiscal year ends in month 12; periods are labeled with the issuer's own fiscal calendar. Values are as most recently filed (restatements apply; per-share values are on current split basis per the connector's split table, flagged in adjusted). Flow items flagged in `derived` were computed (Q4 = FY − nine months; quarterly cash flow differenced from year-to-date filings) rather than read from a filing. `reconciliation.repaired` lists periods where a full-year figure was filed in a quarter slot: that row was dropped and the quarter rebuilt from the annual figure. `reconciliation.quarantined` lists periods where four filed quarters do not sum to the filed year — those quarterly values are withheld, so a blank there is a withholding rather than an absence of reporting.

Filer
PROGRESSIVE CORP/OH/, CIK 80661 on EDGAR
Extract generated
August 27, 2026
Withheld
none
Repaired
none
XBRL concepts behind each line

Income statement

Revenue: Revenues
Cost of revenue: not filed
Gross profit: not filed
Research and development: not filed
Selling, general and administrative: not filed
Operating income: not filed
Other income (expense): not filed
Pretax income: IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest, IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax: IncomeTaxExpenseBenefit
Net income: NetIncomeLoss
Diluted EPS ($): EarningsPerShareDiluted
Diluted shares (millions): WeightedAverageNumberOfDilutedSharesOutstanding

Balance sheet

Cash and equivalents: not filed
Short-term investments: ShortTermInvestments
Total current assets: not filed
Total assets: Assets
Total current liabilities: not filed
Long-term debt: LongTermDebt
Total liabilities: Liabilities
Stockholders’ equity: StockholdersEquity
Shares outstanding (millions): dei:EntityCommonStockSharesOutstanding

Cash flow statement

Operating cash flow: NetCashProvidedByUsedInOperatingActivities
Capital expenditures: PaymentsToAcquirePropertyPlantAndEquipment
Free cash flow (CFO − capex): not filed
Depreciation and amortization: not filed
Share repurchases: PaymentsForRepurchaseOfCommonStock
Dividends paid: PaymentsOfDividends, PaymentsOfDividendsCommonStock

The data

The statements on this page as files, generated August 27, 2026.

JSON file
/data/financials/PGR.json