The Progressive Corporation (PGR) Earnings History
Annual and quarterly earnings data from 1989 to 2024
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PGR EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
PGR Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2024 | 27.7% | 14.2% | 11.3% |
| 2023 | 18.9% | 7.9% | 6.3% |
| 2022 | 15.2% | 1.9% | 1.5% |
| 2021 | 21.7% | 8.8% | 7.0% |
| 2020 | 33.4% | 16.8% | 13.4% |
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The Progressive Corporation (PGR) Earnings Overview
As of May 6, 2026, The Progressive Corporation (PGR) reported trailing twelve-month net income of $10.71B, reflecting +118.8% year-over-year growth. The company earned $18.21 per diluted share over the past four quarters, with a net profit margin of 11.3%.
Looking at the long-term picture, PGR's 5-year EPS compound annual growth rate (CAGR) stands at +16.5%, indicating exceptional earnings growth. The company achieved its highest annual net income of $8.48B in fiscal 2024, representing a new all-time high.
The Progressive Corporation maintains positive profitability with a gross margin of 27.7%, operating margin of 14.2%, and net margin of 11.3%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including ALL ($12.14B net income, 15.5% margin), TRV ($6.29B net income, 12.9% margin), HIG ($4.06B net income, 13.6% margin), PGR has room to improve margins relative to the peer group. Compare PGR vs ALL →
PGR Earnings vs Peers
Earnings metrics vs comparable public companies
PGR Historical Earnings Data (1989–2024)
36 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $8.48B | +117.3% | $10.71B | $14.40 | 11.3% | 14.2% |
| 2023 | $3.90B | +440.6% | $4.90B | $6.58 | 6.3% | 7.9% |
| 2022 | $722M | -78.5% | $922M | $1.18 | 1.5% | 1.9% |
| 2021 | $3.35B | -41.3% | $4.21B | $5.66 | 7.0% | 8.8% |
| 2020 | $5.70B | +43.7% | $7.17B | $9.66 | 13.4% | 16.8% |
| 2019 | $3.97B | +51.8% | $5.16B | $6.72 | 10.2% | 13.2% |
| 2018 | $2.62B | +64.3% | $3.16B | $4.46 | 8.2% | 9.9% |
| 2017 | $1.59B | +54.4% | $2.14B | $2.72 | 5.9% | 8.0% |
| 2016 | $1.03B | -18.7% | $1.47B | $1.76 | 4.4% | 6.3% |
| 2015 | $1.27B | -1.0% | $1.91B | $2.15 | 6.1% | 9.2% |
Full PGR Stock Analysis
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Start ComparisonPGR — Frequently Asked Questions
Quick answers to the most common questions about buying PGR stock.
Is PGR growing earnings?
PGR EPS is $18.21, with earnings growth accelerating to +118.8%. This exceeds the 5-year CAGR of +16.5%. TTM net income reached $10.7B.
What are PGR's profit margins?
The Progressive Corporation net margin is +11.3%, with operating margin at +14.2%. Margins sit within typical range for the sector.
How consistent are PGR's earnings?
PGR earnings data spans 1989-2024. The accelerating earnings trend is +118.8% YoY. Historical data enables comparison across business cycles.