profit from every $100 of sales.
$0$100
The Progressive
$235.78+0.12% today
+5.7% in 1 year
1-year low $190.401-year high $236.36
Trading close to its highest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2020 to 2025.
0%20% a year
You pay $12.08 for every $1 of profit it makes in a year.
CheapExpensive
Not measured for banks and insurers: deposits and policy reserves count as debt, so the usual debt test says nothing about them.
Money in, money out
What The Progressive sold, what it kept, and what it did with the cash.
Sales went from $49.6 billion in 2022 to $87.6 billion in 2025, with $11.3 billion of profit last year.
SalesProfit
The Progressive handed back 18% of the cash it generated last year.
$2.9B
Free cash flow 2025$17.2B
Bought back its own shares$166M
Paid as dividends$2.9B
Cash vs. debt$125M vs. $6.9B
The Progressive vs. similar companies
The Progressive grows the fastest of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| The Progressive | 12.1× · Cheap | ||
 Chubb | 13.9× · Cheap | ||
 Tokio Marine Holdings | 15.9× · Fair price | ||
 The Travelers Companies | 13.1× · Cheap | ||
 The Allstate | 6.4× · Cheap |
Compare The Progressive with Chubb · i BBCA ID SDR 1to2 · JPMorgan Chase · Mastercard · Moody's · S&P Global · The Travelers Companies · Visa
AI analysis
An AI analyst reads The Progressive's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 42,658 | 47,702 | 49,587 | 62,083 | 75,343 | 87,637 | |
| – | – | – | – | – | – | |
| – | – | – | – | – | – | |
| 7,665 | 4,708 | 1,472 | 5,457 | 11,276 | 14,814 | |
| 5,705 | 3,351 | 722 | 3,903 | 8,480 | 11,308 | |
| 9.66 | 5.66 | 1.18 | 6.58 | 14.40 | 19.23 | |
| – | – | – | – | – | – | |
| – | – | – | – | – | – | |
| 13.4% | 7.0% | 1.5% | 6.3% | 11.3% | 12.9% |
Balance sheet
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Total assets | 64,098 | 71,132 | 75,465 | 88,691 | 105,745 | 123,039 |
| Cash | 77 | 202 | 204 | 85 | 143 | 125 |
| Total debt | 5,396 | 4,899 | 6,388 | 6,889 | 6,893 | 6,897 |
| Total liabilities | 47,060 | 52,901 | 59,574 | 68,414 | 80,154 | 92,716 |
| 17,039 | 18,232 | 15,891 | 20,277 | 25,591 | 30,323 | |
| 588 | 587 | 587 | 588 | 588 | 588 | |
| 26.0% | 15.1% | 4.1% | 15.0% | 26.7% | 30.8% | |
| 33.5% | 18.4% | 4.5% | 19.2% | 33.1% | 37.3% |
Cash flow
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 6,906 | 7,762 | 6,849 | 10,643 | 15,119 | 17,548 | |
| 224 | 244 | 292 | 252 | 285 | 348 | |
| 6,682 | 7,518 | 6,557 | 10,391 | 14,834 | 17,200 | |
| Dividends paid | 1,551 | 3,747 | 261 | 277 | 682 | 2,871 |
| – | – | 99 | 141 | 634 | 166 | |
| – | – | 123 | 121 | 122 | 132 |
This is a bank or insurer, so cash-flow and debt ratios are left out: borrowing and lending is the business itself. Price to book and return on equity are the measures that matter here.
Valuation
- 12.1×
- 14.4×
- 0.82
- 4.2×
- 1.6×
- 8.3%
- 7.1%
Profitability
- 12.9%
- 31.6%
- 19.7%
- 35.5%
- 9.5%
Growth
- +15.5%
- +14.8%
- +13.1%
- +0.1%
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 3%of 754
Bottom 35%of 605
Top 40%of 883
Top 34%of 880
Top 17%of 929
What analysts expect
- Average price target
- $230.27
- Range
- $216.00 – $259.00
- 11 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 15, 2026 | 4.96 | 4.85 | +2.3% |
| Jan 28, 2026 | 4.67 | 4.44 | +5.2% |
| Oct 15, 2025 | 4.05 | 4.99 | −18.8% |
| Jul 16, 2025 | 4.88 | 4.48 | +8.9% |
| Apr 16, 2025 | 4.65 | 4.79 | −2.9% |
| Jan 29, 2025 | 4.08 | 3.57 | +14.3% |
| Oct 15, 2024 | 3.59 | 3.67 | −2.2% |
| Jul 16, 2024 | 2.65 | 2.02 | +31.2% |
7.1%of the share price, paid each year
On $1,000 invested$71a year at today's yield, before tax
+13.1%2020 to 2025
Raised2 yearsin a row, in our data
Paid per share, each year
$0.69 in 2015 → $4.90 in 2025
How safe it looks
25.4% of its profit
Room to growStretchedMore than it earns: 16.7%
News
3 Reasons PGR has explosive upside potentialYahoo Finance · Oct 28, 2026Progressive Stock Has Turned $10,000 Into More Than $90,000 in 10 YearsYahoo Finance · Oct 15, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
6/7Passes 6 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
84Pass
Benjamin Graham
58No pass
Philip Fisher
70Pass
Peter Lynch
75Pass
Joel Greenblatt
71Pass
Charlie Munger
76Pass
Terry Smith
73Pass
Questions about The Progressive
Is The Progressive a good stock to buy?
A solid business, and the price looks low. 6 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the The Progressive AI analysis
What does The Progressive do?
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. It is in Insurance - Property & Casualty, based in Mayfield, OH, United States, with 70,053 employees.
Does The Progressive pay a dividend?
Yes. At today's price the dividend is 7.1% a year, about 25% of its yearly profit. In 2025 it paid out $2.87 billion in dividends.
Is The Progressive stock halal?
No. The Progressive does not pass our halal screen: its main business, conventional insurance, is not permitted. How we check
How has The Progressive stock done over the past year?
Up 5.7% over the past twelve months, to $235.78. It traded between $190.40 and $236.36, close to its high.
Who are The Progressive's competitors?
The largest listed companies in the same industry are Chubb, Tokio Marine Holdings, The Travelers Companies and The Allstate. The peers table on this page compares their profit, growth and price with The Progressive's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.