← PROGRESSIVE CORP/OH/
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $23.4b |
$26.8b
+14.49%
|
$32.0b
+19.15%
|
$39.0b
+22.02%
|
$42.7b
+9.32%
|
$47.7b
+11.82%
|
$49.6b
+4.00%
|
$62.1b
+25.19%
|
$75.4b
+21.36%
|
$87.7b
+16.32%
|
$91.0b
+3.82%
|
|
| Fees and other revenues | $332.5m | $370.6m | $472.2m | $563.7m | $603.5m | $691.8m | $722.1m | $889.1m | $1.1b | $1.2b | — | |
| Net realized gains (losses) on security sales | $155.8m | $115.7m | $170.7m | $334.6m | $914.7m | $614.3m | $196.5m | $13.7m | ($414.0m) | $248.0m | — | |
| Service revenues | $103.3m | $126.8m | $158.5m | $195.0m | $226.4m | $271.4m | $299.3m | $310.1m | $413.0m | $504.0m | — | |
| Amortization of Intangible Assets | $62.1m | $66.2m | $72.0m | $66.3m | $56.9m | $57.7m | $31.0m | $14.2m | — | — | — | |
| Interest Expense, Debt | $140.9m | $153.1m | $166.5m | $189.7m | $217.0m | $218.6m | $243.5m | $268.4m | $279.0m | $278.0m | $297.0m | |
| Investment income | $478.9m | $563.1m | $820.5m | $1.0b | $936.6m | $860.9m | $1.3b | $1.9b | $2.8b | $3.6b | — | |
| Investment Income, Net | — | — | — | — | — | — | — | — | $3.1b | $4.3b | — | |
| Net Investment Income | $456.5m | $539.2m | $796.2m | $1.0b | $916.6m | $835.4m | $1.2b | $1.9b | $2.8b | $3.5b | $174.0m | |
| Debt Securities, Trading, Gain (Loss) | — | — | $0 | — | — | — | — | — | — | — | — | |
| Debt and Equity Securities, Gain (Loss) | $51.1m | $49.6m | ($405.5m) | $1.0b | $1.6b | $1.5b | ($1.9b) | $353.1m | $264.0m | $727.0m | — | |
| Debt and Equity Securities, Realized Gain (Loss) | $155.8m | $115.7m | $170.7m | $334.6m | $914.7m | $614.3m | $196.5m | $13.7m | ($414.0m) | $248.0m | — | |
| Debt and Equity Securities, Unrealized Gain (Loss) | ($17.9m) | ($1.6m) | ($507.9m) | $757.9m | $715.3m | $899.9m | ($2.1b) | $348.4m | $679.0m | $480.0m | — | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | $265.1m | $86.7m | $43.6m | $375.8m | $775.9m | $241.2m | ($9.0m) | $91.0m | — | |
| Gain (Loss) on Derivative Instruments, Net, Pretax | ($20.0m) | $0 | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $1.5b | $2.1b | $3.2b | $5.2b | $7.2b | $4.2b | $922.1m | $4.9b | $10.7b | $14.2b | $14.8b | |
| Income Tax Expense (Benefit) | $413.5m | $540.8m | $542.6m | $1.2b | $1.5b | $859.1m | $200.6m | $1.0b | $2.2b | $2.9b | $3.1b | |
| Net Income (Loss) Attributable to Parent | $1.0b |
$1.6b
+54.43%
|
$2.6b
+64.26%
|
$4.0b
+51.81%
|
$5.7b
+43.68%
|
$3.4b
-41.26%
|
$721.5m
-78.47%
|
$3.9b
+440.87%
|
$8.5b
+117.30%
|
$11.3b
+33.35%
|
$11.7b
+3.42%
|
|
| Net Income (Loss) Available to Common Stockholders, Basic | $1.0b |
$1.6b
+54.43%
|
$2.6b
+62.91%
|
$3.9b
+52.03%
|
$5.7b
+43.98%
|
$3.3b
-41.46%
|
$694.6m
-79.10%
|
$3.9b
+456.41%
|
$8.5b
+118.98%
|
$11.3b
+33.62%
|
$11.7b
+3.42%
|
|
| Net Income (Loss) Attributable to Noncontrolling Interest | $26.2m | $5.9m | $5.7m | $9.7m | $0 | $0 | — | — | — | — | $11.7b | |
| Preferred Stock Dividends, Income Statement Impact | $0 | $0 | $21.4m | $26.9m | $26.9m | $26.9m | $26.9m | $37.6m | $17.0m | $0 | $17.0m | |
| Earnings Per Share, Basic | $1.77 | $2.74 | $4.45 | $6.75 | $9.71 | $5.69 | $1.19 | $6.61 | $14.45 | $19.29 | $19.98 | |
| Earnings Per Share, Diluted | $1.76 | $2.72 | $4.42 | $6.72 | $9.66 | $5.66 | $1.18 | $6.58 | $14.40 | $19.23 | $19.93 | |
| Common Stock, Dividends, Per Share, Declared | $1.77 | $2.74 | $2.51 | $2.65 | $4.90 | $1.90 | $0.40 | $1.15 | $4.90 | $13.90 | — | |
| Preferred Stock, Dividends Per Share, Declared | $1.77 | $2.74 | $4.45 | $6.75 | $9.71 | $5.69 | $1.19 | $6.61 | $15.69 | $0.00 | $17,000,000.00 | |
| Average common shares outstanding – Basic | 581.7m | 580.8m | 582.4m | 583.8m | 584.9m | 584.5m | 584.4m | 584.9m | 585.5m | 586.3m | — | |
| Weighted Average Number of Shares Outstanding, Basic | 581.7m | 580.8m | 582.4m | 583.8m | 584.9m | 584.5m | 584.4m | 584.9m | 585.5m | 586.3m | 585.4m | |
| Total average equivalent common shares – Diluted | $585.0m | $585.7m | $586.7m | $587.2m | $587.6m | $587.1m | $587.1m | $587.5m | $587.7m | $588.1m | — | |
| Weighted Average Number of Shares Outstanding, Diluted | 585.0m | 585.7m | 586.7m | 587.2m | 587.6m | 587.1m | 587.1m | 587.5m | 587.7m | 588.1m | 587.0m | |
| Additional Financial Items | ||||||||||||
| Expenses | ||||||||||||
| Other Comprehensive Income (Loss) | ||||||||||||
| Comprehensive income (loss) | $1.2b | $1.9b | $2.5b | $4.4b | $6.3b | $2.5b | ($2.1b) | $5.1b | $8.7b | $12.8b | — | |
| Deferred Policy Acquisition Costs, Amortization Expense | $1.9b | $2.1b | $2.6b | $3.0b | $3.3b | $3.7b | $3.9b | $4.7b | $5.4b | $6.1b | — | |
| Goodwill, Impairment Loss | $0 | — | — | — | — | — | $224.8m | $0 | $0 | — | $0 | |
| Investment expenses | $22.4m | $23.9m | $24.3m | $24.6m | $20.0m | $25.5m | $24.3m | $26.2m | $29.0m | $34.0m | — | |
| Less: Preferred share dividends and other | $0 | $0 | $21.4m | $26.9m | $26.9m | $26.9m | $26.9m | $37.6m | $17.0m | $0 | — | |
| Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims | $16.9b | $18.8b | $21.7b | $25.5b | $25.1b | $33.6b | $38.1b | $45.7b | $49.1b | $54.0b | — | |
| Losses and loss adjustment expenses | $16.9b | $18.8b | $21.7b | $25.5b | $25.1b | $33.6b | $38.1b | $45.7b | $49.1b | $54.0b | — | |
| Net effect of dilutive stock-based compensation | $3.3m | $4.9m | $4.3m | $3.4m | $2.7m | $2.6m | $2.7m | $2.6m | $2.2m | $1.8m | — | |
| Net holding period gains (losses) on securities | ($17.9m) | ($1.6m) | ($507.9m) | $757.9m | $715.3m | $899.9m | ($2.1b) | $348.4m | $679.0m | $480.0m | — | |
| Net impairment losses | — | — | — | — | — | — | ($9.0m) | ($9.0m) | ($1.0m) | ($1.0m) | — | |
| Net premiums earned | $22.5b | $25.7b | $30.9b | $36.2b | $39.3b | $44.4b | $49.2b | $58.7b | $70.8b | $81.7b | — | |
| Net unrealized losses on forecasted transactions | ($1.2m) | ($5.4m) | $800k | $800k | $800k | $700k | $400k | $500k | $0 | $1.0m | — | |
| Other underwriting expenses | $3.0b | $3.5b | $4.2b | $5.0b | $5.6b | $5.7b | $5.9b | $6.2b | $9.5b | $11.3b | — | |
| Policyholder credit expense | — | — | $0 | $0 | $1.1b | $0 | $0 | $0 | $0 | $1.2b | — | |
| Realized Investment Gains (Losses) | $51.1m | $49.6m | ($405.5m) | $1.0b | $1.6b | $1.5b | ($1.9b) | $353.1m | $264.0m | $727.0m | — | |
| Service expenses | $92.0m | $109.5m | $134.1m | $178.9m | $205.5m | $252.8m | $296.7m | $349.0m | $446.0m | $528.0m | — | |
| Benefits, Losses and Expenses | $22.0b | $24.7b | $28.8b | $33.9b | $35.5b | $43.5b | $48.7b | $57.2b | $64.7b | $73.4b | — | |
| Policyholder Benefits and Claims Incurred, Net | — | — | — | — | — | — | — | — | $49.1b | $54.0b | — | |
| Premiums Earned, Net | — | — | — | — | — | — | — | — | $70.8b | $81.7b | — | |
| Total expenses | $22.0b | $24.7b | $28.8b | $33.9b | $35.5b | $43.5b | $48.7b | $57.2b | $64.7b | $73.4b | $76.2b | |
| Total net realized gains (losses) on securities | $51.1m | $49.6m | ($405.5m) | $1.0b | $1.6b | $1.5b | ($1.9b) | $353.1m | $264.0m | $727.0m | — | |
| Total net unrealized gains (losses) on fixed-maturity securities | $130.6m | $355.4m | ($99.3m) | $466.4m | $586.5m | ($891.1m) | ($2.8b) | $1.2b | $193.0m | $1.5b | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.