PROGRESSIVE CORP/OH/
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PGR Q3 2025 request
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Pick an endpoint and run the request.Income Statement
| Metric | Q3 2025 | Q3 2024 | YoY |
|---|---|---|---|
| Revenue | 22,512 | 19,719 | +14.2% |
| Income Before Taxes | 3,323 | 2,946 | +12.8% |
| Income Tax Expense (Benefit) | 708 | 612 | +15.7% |
| Comprehensive Income | 2,899 | 3,895 | -25.6% |
| Other Comprehensive Income | 284 | 1,561 | -81.8% |
Show Equity Components breakouts |
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| Accumulated Gain Loss Net Cash Flow Hedge Parent | 0 | 0 | — |
| Accumulated Net Unrealized Investment Gain Loss | 284 | 1,561 | -81.8% |
| Accumulated Translation Adjustment | 0 | 0 | — |
| EPS (Basic) | 4.46 | 3.98 | +12.1% |
| EPS (Diluted) | 4.45 | 3.97 | +12.1% |
| Wtd Avg Shares (Basic) | 586.5 | 585.6 | +0.2% |
| Wtd Avg Shares (Diluted) | 588.2 | 587.6 | +0.1% |
| Interest And Dividend Income Operating | 924 | 739 | +25.0% |
| Net Income Loss Available To Common Stockholders Basic | 2,615 | 2,334 | +12.0% |
| Preferred Stock Dividends Income Statement Impact | 0 | 0 | — |
| Policyholder Benefits And Claims Incurred Net | 13,445 | 12,510 | +7.5% |
Show Product Lines breakouts |
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| Underwriting operations · Commercial Lines | 1,883 | 1,917 | -1.8% |
| Underwriting operations · Other Indemnity | 0 | -1 | +100.0% |
| Underwriting operations · Personal Lines | 11,562 | 10,594 | +9.1% |
| Premiums Earned Net | 20,849 | 18,297 | +13.9% |
Show Product Lines breakouts |
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| Underwriting operations · Commercial Lines | 2,760 | 2,727 | +1.2% |
| Underwriting operations · Other Indemnity | 0 | 0 | — |
| Underwriting operations · Personal Lines | 18,089 | 15,570 | +16.2% |
Balance Sheet
| Metric | Q3 2025 | Q3 2024 | YoY |
|---|---|---|---|
| Current Assets | |||
| Short-Term Investments | 1,515 | 757 | +100.1% |
| Non-Current Assets | |||
| Property, Plant & Equipment | 790 | 689 | +14.7% |
| Deferred Tax Assets | 662 | 598 | +10.7% |
| Total Assets | 121,535 | 105,203 | +15.5% |
| Other Assets | |||
| Debt Securities Availableforsale Fixed Maturities | 88,509 | 74,411 | +18.9% |
| Available For Sale Securities Debt Securities | 90,024 | 75,168 | +19.8% |
Show Fair Value Hierarchy breakouts |
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| Fair Value Inputs Level1 | 52,753 | 45,184 | +16.8% |
| Fair Value Inputs Level1 · Asset Backed Securities Securitized Loans And Receivables | 0 | 0 | — |
| Fair Value Inputs Level1 · Commercial Mortgage Backed Securities | 0 | 0 | — |
| Fair Value Inputs Level1 · Corporate Debt Securities | 0 | 0 | — |
| Fair Value Inputs Level1 · Fixed Maturities | 51,339 | 44,429 | +15.6% |
| Fair Value Inputs Level1 · Foreign Government Debt Securities | 0 | 0 | — |
| Fair Value Inputs Level1 · Residential Mortgage Backed Securities | 0 | 0 | — |
| Fair Value Inputs Level1 · Short Term Investments | 1,414 | 755 | +87.3% |
| Fair Value Inputs Level1 · US Government Debt Securities | 51,339 | 44,429 | +15.6% |
| Fair Value Inputs Level1 · US States And Political Subdivisions | 0 | 0 | — |
| Fair Value Inputs Level2 | 37,266 | 29,981 | +24.3% |
| Fair Value Inputs Level2 · Asset Backed Securities Securitized Loans And Receivables | 6,376 | 6,614 | -3.6% |
| Fair Value Inputs Level2 · Commercial Mortgage Backed Securities | 5,686 | 4,291 | +32.5% |
| Fair Value Inputs Level2 · Corporate Debt Securities | 18,812 | 15,033 | +25.1% |
| Fair Value Inputs Level2 · Fixed Maturities | 37,165 | 29,979 | +24.0% |
| Fair Value Inputs Level2 · Foreign Government Debt Securities | 16 | 16 | 0.0% |
| Fair Value Inputs Level2 · Residential Mortgage Backed Securities | 3,000 | 1,424 | +110.7% |
| Fair Value Inputs Level2 · Short Term Investments | 101 | 2 | +4950.0% |
| Fair Value Inputs Level2 · US Government Debt Securities | 0 | 0 | — |
| Fair Value Inputs Level2 · US States And Political Subdivisions | 3,275 | 2,601 | +25.9% |
| Fair Value Inputs Level3 | 5 | 3 | +66.7% |
| Fair Value Inputs Level3 · Asset Backed Securities Securitized Loans And Receivables | 0 | 0 | — |
| Fair Value Inputs Level3 · Commercial Mortgage Backed Securities | 0 | 0 | — |
| Fair Value Inputs Level3 · Corporate Debt Securities | 5 | 3 | +66.7% |
| Fair Value Inputs Level3 · Fixed Maturities | 5 | 3 | +66.7% |
| Fair Value Inputs Level3 · Foreign Government Debt Securities | 0 | 0 | — |
| Fair Value Inputs Level3 · Residential Mortgage Backed Securities | 0 | 0 | — |
| Fair Value Inputs Level3 · Short Term Investments | 0 | 0 | — |
| Fair Value Inputs Level3 · US Government Debt Securities | 0 | 0 | — |
| Fair Value Inputs Level3 · US States And Political Subdivisions | 0 | 0 | — |
Show Financial Instrument breakouts |
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| Asset Backed Securities Securitized Loans And Receivables · Asset Backed Securities | 6,374 | 6,628 | -3.8% |
| Asset Backed Securities Securitized Loans And Receivables · Asset Backed Securities | 6,376 | 6,614 | -3.6% |
| Asset Backed Securities Securitized Loans And Receivables · Fixed Maturities | 6,376 | 6,614 | -3.6% |
| Commercial Mortgage Backed Securities · Asset Backed Securities | 5,916 | 4,664 | +26.8% |
| Commercial Mortgage Backed Securities · Asset Backed Securities | 5,686 | 4,291 | +32.5% |
| Commercial Mortgage Backed Securities · Fixed Maturities | 5,686 | 4,291 | +32.5% |
| Corporate Debt Securities · Debt Securities | 18,621 | 14,970 | +24.4% |
| Corporate Debt Securities · Debt Securities | 18,817 | 15,036 | +25.1% |
| Corporate Debt Securities · Fixed Maturities | 18,817 | 15,036 | +25.1% |
| Foreign Government Debt Securities · Debt Securities | 16 | 17 | -5.9% |
| Foreign Government Debt Securities · Debt Securities | 16 | 16 | 0.0% |
| Foreign Government Debt Securities · Fixed Maturities | 16 | 16 | 0.0% |
| Residential Mortgage Backed Securities · Asset Backed Securities | 2,979 | 1,404 | +112.2% |
| Residential Mortgage Backed Securities · Asset Backed Securities | 3,000 | 1,424 | +110.7% |
| Residential Mortgage Backed Securities · Fixed Maturities | 3,000 | 1,424 | +110.7% |
| US Government Debt Securities · Debt Securities | 51,021 | 44,231 | +15.4% |
| US Government Debt Securities · Debt Securities | 51,339 | 44,429 | +15.6% |
| US Government Debt Securities · Fixed Maturities | 51,339 | 44,429 | +15.6% |
| US States And Political Subdivisions · Debt Securities | 3,320 | 2,681 | +23.8% |
| US States And Political Subdivisions · Debt Securities | 3,275 | 2,601 | +25.9% |
| US States And Political Subdivisions · Fixed Maturities | 3,275 | 2,601 | +25.9% |
Show Fair Value By Measurement Basis breakouts |
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| Carrying Reported Amount Fair Value Disclosure | 89,762 | 75,352 | +19.1% |
| Carrying Reported Amount Fair Value Disclosure · Fixed Maturities | 88,247 | 74,595 | +18.3% |
| Carrying Reported Amount Fair Value Disclosure · Short Term Investments | 1,515 | 757 | +100.1% |
Show Information By Category Of Debt Security breakouts |
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| Fixed Maturities | 88,509 | 74,411 | +18.9% |
| Short Term Investments | 1,515 | 757 | +100.1% |
| Equity Securities F V N I Nonredeemable Preferred Stock | 438 | 735 | -40.4% |
| Equity Securities F V N I Common Equities | 4,047 | 3,497 | +15.7% |
| Equity Securities Fv Ni | 4,485 | 4,232 | +6.0% |
Show Financial Instrument breakouts |
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| Common Stock | 4,047 | 3,497 | +15.7% |
| Nonredeemable Preferred Stock | 438 | 735 | -40.4% |
| Investments | 94,509 | 79,400 | +19.0% |
| Cash | 173 | 136 | +27.2% |
| Restricted Cash And Cash Equivalents | 12 | 11 | +9.1% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 185 | 147 | +25.9% |
| Accrued Investment Income Receivable | 691 | 560 | +23.4% |
| Premiums Receivable At Carrying Value | 16,519 | 15,135 | +9.1% |
| Reinsurance Recoverables On Paid And Unpaid Losses | 4,107 | 4,881 | -15.9% |
| Prepaid Reinsurance Premiums | 215 | 224 | -4.0% |
| Deferred Policy Acquisition Costs | 2,164 | 2,032 | +6.5% |
| Other Assets | 1,693 | 1,537 | +10.1% |
| Non-Current Liabilities | |||
| Accounts Payable And Accrued Liabilities Current And Noncurrent | 10,267 | 8,318 | +23.4% |
| Total Liabilities | 86,090 | 78,044 | +10.3% |
| Long-Term Debt (Q) | — | — | — |
Show Debt Instrument breakouts |
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| Senior Notes 2.45% Due 2027 | 499 | 499 | 0.0% |
| Senior Notes 2.50% Due 2027 | 499 | 498 | +0.2% |
| Senior Notes 3.00% Due 2032 | 497 | 497 | 0.0% |
| Senior Notes 3.20% Due 2030 | 498 | 498 | 0.0% |
| Senior Notes 3.70% Due 2045 | 396 | 396 | 0.0% |
| Senior Notes 3.70% Due 2052 | 494 | 494 | 0.0% |
| Senior Notes 3.95% Due 2050 | 492 | 491 | +0.2% |
| Senior Notes 4.00% Due 2029 | 548 | 547 | +0.2% |
| Senior Notes 4.125% Due 2047 | 843 | 842 | +0.1% |
| Senior Notes 4.20% Due 2048 | 591 | 591 | 0.0% |
| Senior Notes 4.35% Due 2044 | 347 | 347 | 0.0% |
| Senior Notes 4.95% Due 2033 | 497 | 497 | 0.0% |
| Senior Notes 6.25% Due 2032 | 397 | 397 | 0.0% |
| Senior Notes 6.625% Due 2029 | 298 | 298 | 0.0% |
Show Fair Value By Measurement Basis breakouts |
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| Carrying Reported Amount Fair Value Disclosure | 6,896 | 6,892 | +0.1% |
| Other Liabilities | |||
| Unearned Premiums | 26,822 | 24,772 | +8.3% |
| Liability For Claims And Claims Adjustment Expense | 42,105 | 38,062 | +10.6% |
| Debt Longterm And Shortterm Combined Amount | 6,896 | 6,892 | +0.1% |
| Stockholders' Equity | |||
| Common Stock Value Outstanding | 586 | 586 | 0.0% |
| Additional Paid In Capital Common Stock | 2,233 | 2,096 | +6.5% |
| Retained Earnings | 32,437 | 24,632 | +31.7% |
| Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax | 203 | -140 | +245.0% |
| Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax | -13 | -14 | +7.1% |
| Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax | -1 | -1 | 0.0% |
| Accumulated Other Comprehensive Income | 189 | -155 | +221.9% |
| Total Stockholders' Equity | 35,445 | 27,159 | +30.5% |
Show Equity Components breakouts |
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| Accumulated Gain Loss Net Cash Flow Hedge Parent | -13 | -14 | +7.1% |
| Accumulated Net Unrealized Investment Gain Loss | 203 | -140 | +245.0% |
| Accumulated Other Comprehensive Income | 189 | -155 | +221.9% |
| Accumulated Translation Adjustment | -1 | -1 | 0.0% |
| Additional Paid In Capital | 2,233 | 2,096 | +6.5% |
| Common Stock | 586 | 586 | 0.0% |
| Preferred Stock | 0 | 0 | — |
| Retained Earnings | 32,437 | 24,632 | +31.7% |
| Total Liabilities & Equity | 121,535 | 105,203 | +15.5% |
Cash Flow Statement
| Metric | YTD Q3 2025 | YTD Q3 2024 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Net Income | 8,357 | 6,124 | +36.5% |
Show Equity Components breakouts |
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| Retained Earnings | 8,357 | 6,124 | +36.5% |
| Depreciation | 230 | 208 | +10.6% |
| Accretion Amortization Of Discounts And Premiums Investments | -81 | -24 | -237.5% |
| Restricted Stock Expense | 90 | 86 | +4.7% |
| Realized Investment Gains Losses | -470 | -317 | -48.3% |
| Gain Loss On Sale Of Property Plant Equipment | 2 | -2 | +200.0% |
| Increase Decrease In Premiums Receivable | -2,150 | -3,177 | +32.3% |
| Increase Decrease In Reinsurance Recoverable | 658 | 213 | +208.9% |
| Increase Decrease In Prepaid Reinsurance Premiums | 134 | 26 | +415.4% |
| Increase Decrease In Deferred Policy Acquisition Costs | -203 | -345 | +41.2% |
| Increase Decrease In Income Taxes | -138 | -367 | +62.4% |
| Increase Decrease In Unearned Premiums | 2,964 | 4,638 | -36.1% |
| Increase Decrease In Liability For Claims And Claims Adjustment Expense Reserve | 3,048 | 3,673 | -17.0% |
| Increase Decrease In Accounts Payable And Accrued Liabilities | 2,079 | 1,601 | +29.9% |
| Increase Decrease In Other Operating Capital Net | -142 | -226 | +37.2% |
| Net Cash from Operations | 14,378 | 12,111 | +18.7% |
| Investing Activities | |||
| Purchases of Investments | -34,912 | -35,836 | +2.6% |
| Payments To Acquire Equity Securities Fv Ni | -143 | -110 | -30.0% |
| Proceeds From Sale Of Available For Sale Securities Debt | 17,520 | 18,583 | -5.7% |
| Proceeds From Sale Of Equity Securities Fv Ni | 182 | 222 | -18.0% |
| Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities | 6,269 | 4,750 | +32.0% |
| Proceeds From Maturities Prepayments And Calls Of Equity Securities F V N I | 240 | 110 | +118.2% |
| Payments For Proceeds From Short Term Investments | -825 | 1,070 | -177.1% |
| Proceeds From Payables To Broker Dealers Investing Activities | 398 | 514 | -22.6% |
| Capital Expenditures | -227 | -175 | -29.7% |
| Proceeds From Sale Of Property Plant And Equipment | 70 | 65 | +7.7% |
| Net Cash from Investing | -11,428 | -10,807 | -5.7% |
| Financing Activities | |||
| Payments Of Dividends Common Stock | -2,812 | -615 | -357.2% |
| Paymentsfor Repurchaseof Common Stockfor Restricted Stock Tax Liabilities | -92 | -121 | +24.0% |
| Paymentsfor Repurchaseof Common Stockinthe Open Market | -15 | -13 | -15.4% |
| Payments For Repurchase Of Preferred Stock And Preference Stock | 0 | -500 | +100.0% |
| Payments Of Dividends Preferred Stock And Preference Stock | 0 | -8 | +100.0% |
| Net Cash from Financing | -2,919 | -1,257 | -132.2% |
| Supplemental | |||
| Interest Paid | 226 | 226 | 0.0% |
| Other Cash Flow | |||
| Net Change in Cash | 31 | 47 | -34.0% |
Values in millions USD. Source: SEC EDGAR 10-Q filing.