The Progressive Corporation (PGR) Earnings History
Growth Compounder37 years of earnings data (1989–2025) · Consistent double-digit EPS growth over 5 years
Loading earnings history...
The Progressive Corporation (PGR) Earnings Overview
As of July 8, 2026, The Progressive Corporation (PGR) reported trailing twelve-month net income of $11.56B, reflecting +33.5% year-over-year growth. The company earned $19.70 per diluted share over the past four quarters, with a net profit margin of 12.9%.
Looking at the long-term picture, PGR's 5-year EPS compound annual growth rate (CAGR) stands at +14.8%, showing solid earnings momentum. The company achieved its highest annual net income of $11.31B in fiscal 2025, representing a new all-time high.
The Progressive Corporation maintains positive profitability with a gross margin of 29.5%, operating margin of 16.2%, and net margin of 12.9%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including ALL ($12.14B net income, 15.5% margin), TRV ($7.60B net income, 12.9% margin), HIG ($4.06B net income, 13.6% margin), PGR has room to improve margins relative to the peer group. Compare PGR vs ALL →
PGR Earnings vs Peers
Earnings metrics vs comparable public companies
PGR Historical Earnings Data (1989–2025)
37 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $11.31B | +33.3% | $14.22B | $19.23 | 12.9% | 16.2% |
| 2024 | $8.48B | +117.3% | $10.71B | $14.40 | 11.3% | 14.2% |
| 2023 | $3.90B | +440.6% | $4.90B | $6.58 | 6.3% | 7.9% |
| 2022 | $722M | -78.5% | $922M | $1.18 | 1.5% | 1.9% |
| 2021 | $3.35B | -41.3% | $4.21B | $5.66 | 7.0% | 8.8% |
| 2020 | $5.70B | +43.7% | $7.17B | $9.66 | 13.4% | 16.8% |
| 2019 | $3.97B | +51.8% | $5.16B | $6.72 | 10.2% | 13.2% |
| 2018 | $2.62B | +64.3% | $3.16B | $4.46 | 8.2% | 9.9% |
| 2017 | $1.59B | +54.4% | $2.14B | $2.72 | 5.9% | 8.0% |
| 2016 | $1.03B | -18.7% | $1.47B | $1.76 | 4.4% | 6.3% |
| 2015 | $1.27B | -1.0% | $1.91B | $2.15 | 6.1% | 9.2% |
| 2014 | $1.28B | +9.9% | $1.91B | $2.15 | 6.6% | 9.8% |
| 2013 | $1.17B | +29.2% | $1.72B | $1.93 | 6.4% | 9.5% |
| 2012 | $902M | -11.1% | $1.32B | $1.48 | 5.3% | 7.7% |
| 2011 | $1.02B | -4.9% | $1.49B | $1.59 | 6.4% | 9.4% |
| 2010 | $1.07B | +1.0% | $1.57B | $1.61 | 7.0% | 10.3% |
| 2009 | $1.06B | +1610.7% | $1.56B | $1.57 | 7.3% | 10.7% |
| 2008 | -$70M | -105.9% | -$222M | $-0.10 | -0.5% | -1.7% |
| 2007 | $1.18B | -28.2% | $1.69B | $1.65 | 8.1% | 11.5% |
| 2006 | $1.65B | +18.2% | $2.43B | $2.10 | 11.1% | 16.5% |
| 2005 | $1.39B | -15.5% | $2.06B | $1.74 | 9.7% | 14.4% |
| 2004 | $1.65B | +31.3% | $2.45B | $1.91 | 12.0% | 17.8% |
| 2003 | $1.26B | +88.1% | $1.86B | $1.42 | 10.6% | 15.6% |
| 2002 | $667M | +62.2% | $981M | $0.75 | 7.2% | 10.6% |
| 2001 | $411M | +792.4% | $588M | $0.46 | 5.5% | 7.8% |
| 2000 | $46M | -84.4% | $32M | $0.05 | 0.7% | 0.5% |
| 1999 | $295M | -35.4% | $412M | $0.33 | 4.8% | 6.7% |
| 1998 | $457M | +14.2% | $661M | $0.51 | 8.6% | 12.5% |
| 1997 | $400M | +27.5% | $579M | $0.44 | 8.7% | 12.6% |
| 1996 | $314M | +25.2% | $442M | $0.34 | 9.0% | 12.7% |
| 1995 | $251M | -8.7% | $346M | $0.27 | 8.3% | 11.5% |
| 1994 | $274M | +2.6% | $380M | $0.30 | 11.4% | 15.7% |
| 1993 | $267M | +73.8% | $373M | $0.30 | 13.7% | 19.1% |
| 1992 | $154M | +367.5% | $1.25B | $0.17 | 8.8% | 71.8% |
| 1991 | $33M | -64.8% | $970M | $0.03 | 2.2% | 64.9% |
| 1990 | $93M | +19.7% | $88M | $0.10 | 68.3% | 64.6% |
| 1989 | $78M | - | $1.05B | $0.11 | 5.6% | 75.2% |
Download Data
Export PGR earnings history in CSV or JSON format
Free sign-in required to download data
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
37+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
PGR — Frequently Asked Questions
Quick answers to the most common questions about buying PGR stock.
What is PGR earnings per share (EPS)?
PGR trailing twelve-month (TTM) diluted EPS is $19.70, reflecting +33.5% year-over-year growth. The 5-year EPS CAGR is +14.8%. Complete EPS history from 1989 to 2025 is available in the table on this page.
What is The Progressive Corporation's net income?
The Progressive Corporation (PGR) trailing twelve-month net income is $11.6B as of 2025. Earnings grew +33.5% year-over-year. The Progressive Corporation has been profitable for 17 consecutive years.
Is PGR profitable?
Yes, PGR is profitable with a TTM net income of $11.6B and a net profit margin of +12.9%. The Progressive Corporation has generated profits for 17 consecutive years.
What is PGR's earnings growth rate?
PGR compound annual EPS growth rates (CAGR): 1-Year: +33.5%, 3-Year: +153.5%, 5-Year: +14.8%, 10-Year: +24.5%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1989 to 2025.
What are PGR's profit margins?
The Progressive Corporation net profit margin is +12.9%, operating margin is +16.2%, and gross margin is +29.5%. Margins are within a typical range for the sector. Return on Equity is +40.4%.
Is PGR growing earnings?
Yes, PGR earnings are accelerating — EPS growth of +33.5% exceeds the 5-year CAGR of +14.8%. TTM net income reached $11.6B. Earnings momentum is strengthening.
What was PGR's best earnings year?
The Progressive Corporation's highest annual net income on record is $11.3B, achieved in fiscal year 2025. Earnings history on this page spans 1989 to 2025 and includes all annual and quarterly figures.
What were PGR's earnings last quarter?
PGR's most recent reported quarter was Q1 2026. Net income was $2.8B with diluted EPS of $4.80. For a full breakdown of all quarters, see the quarterly earnings table on this page.