Progressive Corporation (PGR) Financials
Key financial figures for Progressive Corporation (Q3 2026).
Progressive's Q3 2026 combined ratio was 88.7 (89.5 a year earlier) on net premiums written of $22.3 billion, up 4%, while net income of $2.54 billion fell 3%. Quarter ended September 30, 2026 (three-month column): net premiums written $22,301M (+4% YoY), net premiums earned $21,869M (+5%), net income $2,542M (-3%), diluted EPS $4.37 vs $4.45. Combined ratio 88.7 vs 89.5 a year earlier (0.8 points better). The year-ago quarter carried a $950M Florida policyholder credit expense booked in September 2025; there was none in the nine months of 2026. Pretax net realized losses on securities were $170M in the quarter vs gains of $295M a year earlier, a swing that weighed on net income. Figures are for Q3 2026, as The Progressive Corporation reported them.
- Revenue
- $23.2B
- Net Income
- $2.5B
- EPS
- $4.38
- Total Assets
- $127.7B
- Operating Cash Flow
- $4.5B
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q3 FY2026 | $23.2B | $2.5B | $4.37 | $4.4B | |
| Q2 FY2026 | $23.6B | $3.3B | $5.67 | $3.5B | |
| Q1 FY2026 | $22.2B | $2.8B | $4.80 | $4.3B | |
| Q4 FY2025 | $22.7B | $3.0B | $5.02 | $3.0B | |
| Q3 FY2025 | $22.5B | $2.6B | $4.45 | $5.1B |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $87.6B | $11.3B | $19.23 | $17.2B | |
| FY2024 | $75.3B | $8.5B | $14.40 | $14.8B | |
| FY2023 | $62.1B | $3.9B | $6.58 | 7.9% | $10.4B |
Frequently asked questions
What was The Progressive Corporation's revenue last quarter?
The Progressive Corporation reported revenue of $23.18 billion for Q3 FY2026, up 3.0% from the same period a year earlier.
Is The Progressive Corporation profitable?
Yes. The Progressive Corporation reported net income of $2.54 billion for Q3 FY2026, a net margin of 10.97% on revenue.
How much free cash flow did The Progressive Corporation generate?
The Progressive Corporation generated free cash flow of $4.40 billion in Q3 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Progressive Corporation on SentiSense, with up to forty quarters and twenty fiscal years of history.