The Progressive Corporation
Compare market positioning with top industry peers
Explore The Progressive
Core profile pages, annual revenue records, and related research hubs for this company.
Financial Performance
Revenue
$87.67B
Market Cap
$150.7B
Net Income
$11.3B
Employees
60,800
Progressive Corporation is operating as the undisputed fastest-growing property and casualty insurance titan in America, extracting wildly compounding underwriting profits from its data-driven competitive advantage. Under CEO Tricia Griffith, the insurer generated exactly $71.7 billion in revenue and maintains a $150.7 billion market cap with exactly 60800 employees. The financial narrative in 2026 is entirely defined by extraordinary combined ratio discipline; capitalizing on an once-in-a-decade auto insurance hard market, Progressive extracts lucrative underwriting gains by furiously deploying its proprietary Snapshot telematics data to identify and precisely price the lowest-risk drivers.
Revenue Trend Analysis
YoY Change
+16.3%
2-Year CAGR
+18.8%
Peak Year
2025
Trend
Consistent Growth
The Progressive Corporation has reported revenue across 3 fiscal years, compounding at +18.8% annually over 2 years. The most recent year saw a 16.3% increase versus the prior year. Revenue peaked in 2025 at $87.7B. Out of 2 reported periods, 2 showed growth and 0 showed a decline.
| Fiscal Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2025 | $87.7B | — | +16.3% |
| FY2024 | $75.4B | $11.3B | +21.4% |
| FY2023 | $62.1B | — | — |
Source: SEC EDGAR filings, annual earnings releases, and verified financial disclosures.
Click any row to see year details.
The Progressive Corporation reported approximately $71.7B in fiscal year 2025 with a team of 60,800 employees worldwide.
The Progressive Corporation strategically balances reinvestment into core R&D with operational cost discipline, focusing on workflow automation to expand operating margins in 2026.
Financial performance in Property and casualty insurance is driven by steady cash generation and pricing power, enabling The Progressive Corporation to reinvest in high-return strategic initiatives.
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "The Progressive Corporation Revenue & Financials." CorpDigest, https://corpdigest.com/company/progressive/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>The Progressive Corporation reported $88B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/progressive/financials" target="_blank" rel="noopener">CorpDigest — The Progressive Corporation financials</a></div>