Progressive (PGR) Operating Income (2023 - 2026)
Progressive (PGR) posted quarterly Operating Income of -$10.4 billion for Q2 2026, down 7.69% year-over-year from -$11.2 billion in Q2 2025, and down 0.99% on a QoQ basis from -$10.3 billion in Q1 2026.
Progressive (PGR) Operating Income (2023 - 2026) Analysis & Trends
Progressive has reported Operating Income for 4 years, with the latest figure at -$10.4 billion in Q2 2026.
- Operating Income for Q2 2026 came in at -$10.4 billion, down 7.69% year-over-year; the trailing twelve-month figure through Jun 2026 was -$41.2 billion (down 6.19% YoY), and the FY2025 annual result was -$39.7 billion, down 3.62% from the prior year.
- Operating Income slipped to -$10.4 billion in Q2 2026, from -$10.3 billion in the prior quarter.
- Over five years, Operating Income peaked at -$8.0 billion in Q1 2024 and troughed at -$11.7 billion in Q2 2023.
- A 4-year average of -$10.0 billion and a median of -$10.0 billion in 2024 frame the typical range for Operating Income.
- The largest YoY upside for Operating Income was 10.36% in 2025 against a maximum downside of 19.12% in 2025.
- A 4-year view of Operating Income shows it stood at -$9.0 billion in 2023, then dropped by 11.67% to -$10.0 billion in 2024, then decreased by 4.06% to -$10.4 billion in 2025, then grew by 0.58% to -$10.4 billion in 2026.
- Per Business Quant data, the three most recent Operating Income figures were -$10.4 billion in Q2 2026, -$10.3 billion in Q1 2026, and -$10.4 billion in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 134.99 Bn | 121.23 Bn | 9.13 Bn | 1.76 Bn |
| 2 | Progressive | 124.76 Bn | 119.76 Bn | 9.04 Bn | -10.36 Bn |
| 3 | Travelers Companies | 79.49 Bn | 55.74 Bn | 4.83 Bn | 1.07 Bn |
| 4 | Allstate | 67.77 Bn | 29.04 Bn | 16.28 Bn | 1.01 Bn |
| 5 | Fairfax Financial Holdings | 35.33 Bn | 35.33 Bn | - | - |
| 6 | Cincinnati Financial | 26.79 Bn | 24.90 Bn | 2.39 Bn | 319.00 Mn |
| 7 | Loews | 23.30 Bn | 998.54 Mn | 2.57 Bn | 761.00 Mn |
| 8 | Markel | 23.22 Bn | 6.34 Bn | 2.83 Bn | 1.56 Bn |
| 9 | Assurant | 14.12 Bn | 12.09 Bn | 2.71 Bn | 142.40 Mn |
| 10 | Cna Financial | 13.89 Bn | 6.10 Bn | 3.44 Bn | 701.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -10.36 Bn |
| Mar 31, 2026 | -11.48 Bn |
| Dec 31, 2025 | 56.98 Bn |
| Sep 30, 2025 | 7.39 Bn |
| Jun 30, 2025 | 6.70 Bn |
| Mar 31, 2025 | -10.57 Bn |
| Dec 31, 2024 | 10.73 Bn |
| Sep 30, 2024 | 5.78 Bn |
| Jun 30, 2024 | -10.74 Bn |
| Mar 31, 2024 | 6.27 Bn |
| Dec 31, 2023 | -12.41 Bn |
| Sep 30, 2023 | 4.17 Bn |
| Jun 30, 2023 | -11.73 Bn |