Progressive (PGR) Operating Income (2023 - 2026)

Progressive (PGR) posted quarterly Operating Income of -$10.3 billion for Q1 2026, down 7.24% YoY from -$11.1 billion in Q1 2025, and down 116.29% sequentially from $63.0 billion in Q4 2025.

Progressive (PGR) Operating Income (2023 - 2026) Analysis & Trends

Progressive has disclosed Operating Income across 4 years of filings, most recently posting -$10.3 billion for Q1 2026.

  • In Q1 2026, Operating Income fell 7.24% year-over-year to -$10.3 billion; the TTM figure through Mar 2026 stood at $47.6 billion (up 166.75% YoY), while the FY2025 annual figure was $33.7 billion, up 187.82% from the prior year.
  • Operating Income retreated to -$10.3 billion in Q1 2026, from $63.0 billion in the prior quarter.
  • Over the last five years, Operating Income for PGR reached as high as $63.0 billion in Q4 2025 and fell as low as -$57.3 billion in Q4 2024.
  • The 4-year median for Operating Income is -$10.1 billion (2023), against an average of -$9.1 billion.
  • The widest YoY moves for Operating Income: up 209.84% in 2025, down 263.64% in 2025.
  • A 4-year view of Operating Income shows it stood at -$55.2 billion in 2023, then fell by 3.87% to -$57.3 billion in 2024, then jumped by 209.84% to $63.0 billion in 2025, then tumbled by 116.29% to -$10.3 billion in 2026.
  • According to Business Quant data, Operating Income over the past three periods registered -$10.3 billion, $63.0 billion, and -$11.8 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Markel 7,105.55 Bn 7,090.09 Bn 2.38 Bn -273.33 Mn
2 Progressive 131.92 Bn 127.57 Bn 8.36 Bn -10.26 Bn
3 Chubb 78.78 Bn 71.35 Bn 8.64 Bn 1.71 Bn
4 Cincinnati Financial 74.32 Bn 73.06 Bn 2.60 Bn 318.00 Mn
5 Travelers Companies 72.03 Bn 48.11 Bn 5.54 Bn 1.01 Bn
6 Allstate 63.08 Bn 38.49 Bn 14.72 Bn 938.00 Mn
7 Fairfax Financial Holdings 34.53 Bn 39.18 Bn - -
8 Loews 23.53 Bn 11.27 Bn -1.32 Bn 613.00 Mn
9 Selective Insurance 20.82 Bn 19.07 Bn 543.42 Mn 142.38 Mn
10 Assurant 13.63 Bn 11.71 Bn 2.01 Bn 159.60 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -10.26 Bn
Dec 31, 2025 62.99 Bn
Sep 30, 2025 -11.79 Bn
Jun 30, 2025 6.70 Bn
Mar 31, 2025 -9.57 Bn
Dec 31, 2024 -57.35 Bn
Sep 30, 2024 7.20 Bn
Jun 30, 2024 -11.66 Bn
Mar 31, 2024 -9.13 Bn
Dec 31, 2023 -55.21 Bn
Sep 30, 2023 -9.98 Bn
Jun 30, 2023 -11.73 Bn