The Progressive Corporation (PGR) Financial Statements
Progressive financial statements at a glance
Progressive reported revenue of $75.34 billion for fiscal year 2024 (ended December 31, 2024), up 21.4% from fiscal year 2023. Net income was $8.48 billion, a net margin of 11.3%.
At the end of fiscal year 2024 it had total assets of $105.75 billion, total liabilities of $80.15 billion and shareholders' equity of $25.59 billion, with total debt of $6.89 billion.
Its operations brought in $15.12 billion of cash.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 3 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2024.
The Progressive Corporation
Income Statement
Annual • USD
Progressive key figures by fiscal year
| FY2024 | FY2023 | FY2022 | |
|---|---|---|---|
| Revenue | $75.3B | $62.1B | $49.6B |
| Operating income | $11.0B | $5.2B | $1.2B |
| Net income | $8.5B | $3.9B | $721.5M |
| Total assets | $105.7B | $88.7B | $75.5B |
| Total liabilities | $80.2B | $68.4B | $59.6B |
| Shareholders' equity | $25.6B | $20.3B | $15.9B |
| Total debt | $6.9B | $6.9B | $6.4B |
| Operating cash flow | $15.1B | $10.6B | $6.8B |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2022.
Questions and answers
What was Progressive's revenue in fiscal year 2024?
$75.34 billion, up 21.4% from $62.08 billion in fiscal year 2023.
How much profit does Progressive make?
Progressive reported net income of $8.48 billion for fiscal year 2024 (11.3% of revenue); operating income was $10.99 billion.
How much cash and debt does Progressive have?
At the end of fiscal year 2024: total debt of $6.89 billion.
