The Progressive Corporation (PGR) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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PGR Revenue Growth
Revenue Breakdown (FY 2024)
PGR's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
PGR Revenue Analysis (2013–2024)
As of May 6, 2026, The Progressive Corporation (PGR) generated trailing twelve-month (TTM) revenue of $85.18 billion, reflecting strong growth of +14.2% year-over-year. The most recent quarter (Q3 2025) recorded $22.51 billion in revenue, up 2.4% sequentially.
Looking at the longer-term picture, PGR's 5-year compound annual growth rate (CAGR) stands at +14.1%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $75.34 billion in 2024, representing a new all-time high.
Revenue diversification analysis shows PGR's business is primarily driven by Personal Lines Segment (85%), and Commercial Lines Segment (15%). With over half of revenue concentrated in Personal Lines Segment, the company maintains significant focus in this area while developing other growth vectors.
When compared to Financial Services sector peers including ALL (+3.7% YoY), TRV (+5.2% YoY), and HIG (+7.3% YoY), PGR has outperformed the peer group in terms of revenue growth. Compare PGR vs ALL →
PGR Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| PGRCurrent | $85.2B | +14.2% | +14.1% | 14.2% | |
 ALL | $66.5B | +3.7% | +9.8% | 19.8% | |
 TRV | $48.8B | +5.2% | +8.8% | 16.0% | |
 HIG | $28.3B | +7.3% | +6.8% | 16.8% | |
 ERIE | $4.1B | +10.8% | +9.9% | 17.7% | |
 KMPR | $4.6B | +4.5% | -1.6% | 8.4% |
PGR Historical Revenue Data (2013–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $75.34B | +21.4% | $20.90B | 27.7% | $10.71B | 14.2% |
| 2023 | $62.08B | +25.2% | $11.76B | 18.9% | $4.90B | 7.9% |
| 2022 | $49.59B | +4.0% | $7.55B | 15.2% | $922.0M | 1.9% |
| 2021 | $47.68B | +11.8% | $10.34B | 21.7% | $4.21B | 8.8% |
| 2020 | $42.64B | +9.3% | $14.24B | 33.4% | $7.17B | 16.8% |
| 2019 | $39.00B | +22.0% | $10.50B | 26.9% | $5.16B | 13.2% |
| 2018 | $31.95B | +19.2% | $7.66B | 24.0% | $3.16B | 9.9% |
| 2017 | $26.82B | +14.5% | $5.88B | 21.9% | $2.14B | 8.0% |
| 2016 | $23.42B | +12.4% | $4.67B | 20.0% | $1.47B | 6.3% |
| 2015 | $20.83B | +7.5% | $4.84B | 23.2% | $1.91B | 9.2% |
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Start ComparisonPGR — Frequently Asked Questions
Quick answers to the most common questions about buying PGR stock.
Is PGR's revenue growth accelerating or slowing?
PGR maintains +14.2% revenue growth, in line with its 5-year CAGR of +14.1%. TTM revenue stands at $85.2B. Growth rate remains consistent with historical average.
What is PGR's long-term revenue growth rate?
The Progressive Corporation's 5-year revenue CAGR of +14.1% reflects the sustained expansion pattern. Current YoY growth of +14.2% is near this long-term average.
How is PGR's revenue distributed by segment?
PGR reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.