The financials
Progressive Corporation by the numbers
Progressive Corporation (PGR) reported revenue of $23.6B in Q2 2026 (quarter ended June 30, 2026), up 7.3% from the same quarter a year earlier. That came with net income of $3.31B (14% of revenue). For the full year FY2025, revenue was $87.7B (+16% year on year) and net income $11.3B. Its largest product in 2024-Q3 was Underwriting Operations at $6.63B, 82% of the disclosed total, just ahead of Investments1 at 13%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $23.6B | $22.0B | +7.3% |
| Net income | $3.31B | $3.17B | +4.3% |
| Diluted EPS | $5.67 | $5.40 | +5.0% |
| Product | Revenue | Share |
|---|---|---|
| Underwriting Operations | $6.63B | 82% |
| Investments1 | $1.03B | 13% |
| Fees And Other | $278M | 3.5% |
| Non Insurance Service Business | $117M | 1.5% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q3 2024Total $8.05B (+13%)
Investments1 grew +184% year on yearUnderwriting Operations +22% year on year
Segment Latestquarter on quarteryear on year
- Underwriting Operations$6.63B$6.63BQoQ +6.7%year on year +22%+6.7%+22%
- Investments1$1.03B$1.03BQoQ +84%year on year +184%+84%+184%
- Fees And Other$278.1M$278.1MQoQ +7.0%year on year +24%+7.0%+24%
- Non Insurance Service Business$117.3M$117.3MQoQ +10%year on year +44%+10%+44%
Insurance - Property & Casualty
Ranks #10 of 31 by Smart Score