Progressive is a major US insurer focused on auto insurance for individuals. It also insures commercial vehicles, homes and motorcycles. It sells directly online and through independent agents, almost exclusively in the US. As of Oct 11, 2026
As of Oct 11, 2026Fact sheet (from the annual report)Property and casualty insurance · Mayfield Village, USAfull fact sheet
Progressive is an insurance holding company whose subsidiaries offer auto insurance for individuals and businesses as well as homeowners and renters policies. In addition, there are policies for motorcycles, boats and recreational vehicles as well as liability and property coverage mainly for small businesses. The personal lines segment delivered most of the net premiums written in 2025, and there is also a commercial lines segment. Progressive operates throughout the United States; sales run through independent agencies and directly online and by phone. Smaller service businesses also place policies of other insurers for a commission.
Our own calculation from the exchange’s daily candles, as of Oct 26, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.
Pullback in trend · Analysis method
The price of PGR is currently in no zone of this method. The check runs daily after the market close.
Whether a price will soon reach a zone, you see from Watcher. Plans and pricing
How the zone is formed
What is this? In an intact uptrend (price above the 200-day line, 50-day line rising), the price pulls back to the 50-day line after a rise and closes back above it.
Buy zone: around the 50-day line (± 0.5 ATR). Stop: 1.5 ATR below it. Target 1: the last high, Target 2: 2 ATR above it.
The pattern is valid for at most 15 trading days and expires if the price falls below the stop. This is a calculated analysis, not a forecast and not a call to buy. Risk notice and investment advice
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Fundamental analysis
SEC filing (10-K, 10-Q)Required reports of listed companies to the US Securities and Exchange Commission (SEC): 10-K is the annual report, 10-Q the quarterly report, 20-F the annual report of foreign companies. We show the figures of the first filing.Example: 10-K for the fiscal year ending Sep 27, 2025, filed on Oct 31, 2025.More in the Academy: Lesson revenue, profit and margin
Progressive Corporation · Sector Financials · amounts in USD
Information only – does not affect our buy zones, not investment advice. Source: SEC filings, As of Mar 2, 2026.
In short
Light green: Revenue grew over 5 years (+15.5% per year), at least as fast as the sector median.
Light green: Net income (total) grew over 5 years (+14.7% per year), at least as fast as the sector median; per share +14.8% per year.
Light yellow: Net margin 12.9%, below the sector median (19.4%).
Light green: Profit in each of the last 10 fiscal years.
Light yellow: High payout ratio (72% of earnings).
Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.
RevenueNet incomeNet margin (below)in USD
025B50B75B100B
2016Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Revenue 23.4B USD · Net income 1.0B USD · Net margin 4.4%
2017Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Revenue 26.8B USD · Net income 1.6B USD · Net margin 5.9%
2018Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Revenue 32.0B USD · Net income 2.6B USD · Net margin 8.2%
2019Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Revenue 39.0B USD · Net income 4.0B USD · Net margin 10.2%
2020Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Revenue 42.7B USD · Net income 5.7B USD · Net margin 13.4%
2021Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Revenue 47.7B USD · Net income 3.4B USD · Net margin 7.0%
2022Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Revenue 49.6B USD · Net income 721.5M USD · Net margin 1.5%
2023Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Revenue 62.1B USD · Net income 3.9B USD · Net margin 6.3%
2024Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Revenue 75.4B USD · Net income 8.5B USD · Net margin 11.3%
2025Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 87.7B USD · Net income 11.3B USD · Net margin 12.9%
Margin
4%6%8%10%13%7%1%6%11%13%
RevenueNet incomeNet margin (below)in USD
010B20B30B
Q3/23Quarter Q3/23 (Jul 1, 2023 – Sep 30, 2023): Revenue 15.6B USD · Net income 1.1B USD · Net margin 7.2%
Q4/23Quarter Q4/23 (Oct 1, 2023 – Dec 31, 2023): Revenue 16.9B USD · Net income 2.0B USD · Net margin 11.8% · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/24Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Revenue 17.2B USD · Net income 2.3B USD · Net margin 13.5%
Q2/24Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Revenue 18.1B USD · Net income 1.5B USD · Net margin 8.0%
Q3/24Quarter Q3/24 (Jul 1, 2024 – Sep 30, 2024): Revenue 19.7B USD · Net income 2.3B USD · Net margin 11.8%
Q4/24Quarter Q4/24 (Oct 1, 2024 – Dec 31, 2024): Revenue 20.3B USD · Net income 2.4B USD · Net margin 11.6% · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/25Quarter Q1/25 (Jan 1, 2025 – Mar 31, 2025): Revenue 20.4B USD · Net income 2.6B USD · Net margin 12.6%
Q2/25Quarter Q2/25 (Apr 1, 2025 – Jun 30, 2025): Revenue 22.0B USD · Net income 3.2B USD · Net margin 14.4%
Q3/25Quarter Q3/25 (Jul 1, 2025 – Sep 30, 2025): Revenue 22.5B USD · Net income 2.6B USD · Net margin 11.6%
Q4/25Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Revenue 22.7B USD · Net income 3.0B USD · Net margin 13.0% · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/26Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Revenue 22.2B USD · Net income 2.8B USD · Net margin 12.7%
Q2/26Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Revenue 23.6B USD · Net income 3.3B USD · Net margin 14.0%
Margin
7%12%14%8%12%12%13%14%12%13%13%14%
Earnings per shareUSD per share
05.00101520
2016Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Earnings per share 1.76 USD
2017Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Earnings per share 2.72 USD
2018Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Earnings per share 4.42 USD
2019Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Earnings per share 6.72 USD
2020Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Earnings per share 9.66 USD
2021Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Earnings per share 5.66 USD
2022Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Earnings per share 1.18 USD
2023Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Earnings per share 6.58 USD
2024Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Earnings per share 14.40 USD
2025Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Earnings per share 19.23 USD
Q4/25Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Earnings per share not reported separately for Q4
Q1/26Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Earnings per share 4.80 USD
Q2/26Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Earnings per share 5.67 USD
Dividend per sharePayout ratio (below)USD per share
05.001015
2016Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Dividend per share 0.68 USD · Payout ratio 38.7%
2017Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Dividend per share 1.12 USD · Payout ratio 41.3%
2018Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Dividend per share 2.51 USD · Payout ratio 56.9%
2019Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Dividend per share 2.65 USD · Payout ratio 39.4%
2020Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Dividend per share 4.90 USD · Payout ratio 50.7%
2021Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Dividend per share 1.90 USD · Payout ratio 33.6%
2022Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Dividend per share 0.40 USD · Payout ratio 33.9%
2023Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Dividend per share 1.15 USD · Payout ratio 17.5%
2024Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Dividend per share 4.90 USD · Payout ratio 34.0%
2025Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Dividend per share 13.90 USD · Payout ratio 72.3%
Ratio
39%41%57%39%51%34%34%17%34%72%
Dividend per sharePayout ratio (below)USD per share
05.001015
Q3/23Quarter Q3/23 (Jul 1, 2023 – Sep 30, 2023): Dividend per share 0.10 USD · Payout ratio 5.3%
Q4/23Quarter Q4/23 (Oct 1, 2023 – Dec 31, 2023): Dividend per share 0.85 USD · Payout ratio not available · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/24Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Dividend per share 0.10 USD · Payout ratio 2.5%
Q2/24Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Dividend per share 0.10 USD · Payout ratio 4.0%
Q3/24Quarter Q3/24 (Jul 1, 2024 – Sep 30, 2024): Dividend per share 0.10 USD · Payout ratio 2.5%
Q4/24Quarter Q4/24 (Oct 1, 2024 – Dec 31, 2024): Dividend per share 4.60 USD · Payout ratio not available · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/25Quarter Q1/25 (Jan 1, 2025 – Mar 31, 2025): Dividend per share 0.10 USD · Payout ratio 2.3%
Q2/25Quarter Q2/25 (Apr 1, 2025 – Jun 30, 2025): Dividend per share 0.10 USD · Payout ratio 1.9%
Q3/25Quarter Q3/25 (Jul 1, 2025 – Sep 30, 2025): Dividend per share 0.10 USD · Payout ratio 2.2%
Q4/25Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Dividend per share 13.60 USD · Payout ratio not available · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/26Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Dividend per share 0.10 USD · Payout ratio 2.1%
Q2/26Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Dividend per share 0.10 USD · Payout ratio 1.8%
Ratio
5%3%4%3%2%2%2%2%2%
Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 87.7B USD · Net income 11.3B USD · Net margin 12.9%
Key figures with traffic lights
Each light follows a simple, disclosed rule. The comparison is with the sector median Sector medianThe middle value of all companies in a sector: half are above it, half below. Unlike the average, single outliers hardly distort it.Example: Margins 4%, 8%, 10%, 12%, 60% → median 10%, average 18.8%.More in the Academy: Lesson putting the P/E in context of all 79 symbols in the Financials sector on our list (current members of the S&P 500 and other lists).
Revenue growth
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth
Light green: above sector
+15.5%per year, last 5 years
Sector Financials: median +8.8% (73 symbols)
What does this mean? Revenue: over 5 years it grew by 15.5% per year on average – at least as fast as the median company in the sector (+8.8%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
Net income (total)
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth
Light green: above sector
+14.7%per year, last 5 years
Sector Financials: median +13.8% (71 symbols)
per share: +14.8% per year (5 years, split-adjusted)
What does this mean? Total net income: over 5 years it grew by 14.7% per year on average – at least as fast as the median company in the sector (+13.8%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
What does this mean? Of every 100 USD in revenue, 12.90 USD remained as profit – less than the median company in the sector (19.4%). Five years ago the margin was 13.4%.
Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.
Debt / equity
Debt-to-equity ratioFinancial debt (loans, bonds) divided by equity. A high value amplifies good and bad years alike. The key figures bar in the chart only uses long-term financial debt.Example: Financial debt €300m, equity €500m → 0.6.More in the Academy: Lesson debt, dividends and growth
Light gray: not available
–latest balance sheet
Sector Financials: median 0.63 (47 symbols)
What does this mean? No usable figure: reported financial debt or positive equity for the same balance sheet date is missing.
Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.
Payout ratio
Payout ratioThe share of profit that a company pays out as a dividend. Above 100% it pays out more than it earns.Example: Dividend €1, earnings per share €2.50 → payout ratio 40%.More in the Academy: Lesson debt, dividends and growth
Light yellow: high
72%Dividend / earnings per share
Sector Financials: median 34% (58 symbols)
What does this mean? Of every 1 USD of earnings per share, 0.72 USD went to shareholders as a dividend. Little buffer remains for weaker years. Median company in the sector: 34%.
Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.
Profitable years
Profitable yearsHow many of the last fiscal years ended with a profit rather than a loss on the bottom line. The figure shows how consistently a company earns.Example: Profit in 9 of 10 years → one loss year.More in the Academy: Lesson revenue, profit and margin
Light green: profit every year
10 of 10fiscal years with a profit
What does this mean? In 10 of the last 10 fiscal years the bottom line showed a profit. There were no losses in this period.
Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).
Last fiscal year and 13F
Information, not a trading signal · Source: SEC EDGAR
Revenue (FY)
87.7B USD
Revenue vs. prior year
+16.3%
Net income (FY)
11.3B USD
Net income vs. prior year
+33.3%
EPS (FY)
19.23 USD
13F funds with a position
0 of 9
Funds vs. prior quarter
−1
Shares held vs. prior quarter
−100.0%
Fiscal year to Dec 31, 2025 · 10-K filed Mar 2, 2026 · Price-based figures (P/E, P/S, dividend yield, market cap) only when logged in. · Values as first reported; debt = reported financial debt (US GAAP: long-term).13F: reporting date Jun 30, 2026, 9 tracked funds have filed (latest Aug 14, 2026), filed with up to 45 days of delay. Stock positions only; comparison with Mar 31, 2026 only across funds that filed for both quarters.
All figures as a table
Fiscal years (amounts in USD, per share in USD)
Year
End
Revenue
Net income
Margin
Earnings per share
Dividend per share
Payout
2025
Dec 31, 2025
87.7B
11.3B
12.9%
19.23
13.90
72%
2024
Dec 31, 2024
75.4B
8.5B
11.3%
14.40
4.90
34%
2023
Dec 31, 2023
62.1B
3.9B
6.3%
6.58
1.15
17%
2022
Dec 31, 2022
49.6B
721.5M
1.5%
1.18
0.40
34%
2021
Dec 31, 2021
47.7B
3.4B
7.0%
5.66
1.90
34%
2020
Dec 31, 2020
42.7B
5.7B
13.4%
9.66
4.90
51%
2019
Dec 31, 2019
39.0B
4.0B
10.2%
6.72
2.65
39%
2018
Dec 31, 2018
32.0B
2.6B
8.2%
4.42
2.51
57%
2017
Dec 31, 2017
26.8B
1.6B
5.9%
2.72
1.12
41%
2016
Dec 31, 2016
23.4B
1.0B
4.4%
1.76
0.68
39%
Quarters (amounts in USD, per share in USD)
Quarter
End
Revenue
Net income
Margin
Earnings per share
Dividend per share
Payout
Q2/26
Jun 30, 2026
23.6B
3.3B
14.0%
5.67
0.10
2%
Q1/26
Mar 31, 2026
22.2B
2.8B
12.7%
4.80
0.10
2%
Q4/25*
Dec 31, 2025
22.7B
3.0B
13.0%
–
13.60
–
Q3/25
Sep 30, 2025
22.5B
2.6B
11.6%
4.45
0.10
2%
Q2/25
Jun 30, 2025
22.0B
3.2B
14.4%
5.40
0.10
2%
Q1/25
Mar 31, 2025
20.4B
2.6B
12.6%
4.37
0.10
2%
Q4/24*
Dec 31, 2024
20.3B
2.4B
11.6%
–
4.60
–
Q3/24
Sep 30, 2024
19.7B
2.3B
11.8%
3.97
0.10
3%
Q2/24
Jun 30, 2024
18.1B
1.5B
8.0%
2.48
0.10
4%
Q1/24
Mar 31, 2024
17.2B
2.3B
13.5%
3.94
0.10
3%
Q4/23*
Dec 31, 2023
16.9B
2.0B
11.8%
–
0.85
–
Q3/23
Sep 30, 2023
15.6B
1.1B
7.2%
1.89
0.10
5%
* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.
How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.
Insiders
Insider transactionsExecutives, directors and major shareholders (over 10%) of US companies report their own transactions in their company’s stock to the SEC within two business days (Form 4). Purchases in the market count as more meaningful than sales (often taxes, estate planning).Example: Three executives acquire stock worth a total of 2 million USD within two weeks → “purchases by several insiders”.More in the Academy: Glossary
Sep 1, 2026Griffith Susan PatriciaChief executive (CEO), DirectorOpen-market sale · 10b5-1 plan37,338 shares · $8.2M · SEC
Aug 20, 2026Broz StevenOfficerOpen-market sale · 10b5-1 plan1,225 shares · $268.8K · SEC
Aug 13, 2026Niederst Lori AOfficerOpen-market sale · 10b5-1 plan7,339 shares · $1.5M · SEC
Jul 28, 2026Quigg Andrew JChief financial officer (CFO)Open-market sale · 10b5-1 plan3,499 shares · $769.8K · SEC
Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.
Trend score +65
Price vs. EMA 50+15
Price vs. EMA 200+15
EMA 50 vs. EMA 200+20
ADX (trend strength)+0
Highs and lows+0
Relative strength+15
Volatility and trend strength
ADX 14 (trend strength)14.8
Rel. strength 60 d+6.6%
ATR ATR (Average True Range)The average range per trading day over the last 14 days. It makes distances comparable, whether a stock costs 10 or 1,000.Example: ATR 2.50 at a price of 100: 0.4 ATR is 1.00, i.e. 1%.More in the Academy: Lesson ATR and moving averages as price values only when logged in.