US · USD

PGR

Progressive Corp

$209.45-0.51% (-$1.07)Updated 10/1/26, 12:44 PM

Day's range: $207.31 – $209.93
Day's volume: $617.4M
52-week range: $190.32 – $234.48

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PGR in numbers

Market cap: $120.5B

P/E: 10.41

P/B: 3.55

Dividend yield (12m): 6.68%

The 12-month dividend yield of PGR is 6.68%, above its 5-year average of 1.89%.

PGR price history

10/01/202510/01/2026

Compare with

PGR risk and return

Monthly closes adjusted for splits and distributions.

Metric	12 months	36 months	60 months
Return	+7.13%	+43.36%	+143.96%
Volatility (annualized)	23.62%	26.07%	24.12%
Largest drawdown	-11.45%	-28.84%	-28.84%
Positive months	6/12	21/36	34/60

How much did investing in PGR return?

Amount invested

$1,000.00 invested on 10/01/2021 would be worth $2,464.79 today.

Value today in PGR: $2,464.79

Return over the period: +146.48%

Return per year: +19.78%

In the S&P 500: $1,655.63

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

PGR fundamentals

Valuation

P/E
10.41
P/B
3.55
EV/EBITDA
—
EV/EBIT
—
EV/Revenue
1.32
P/EBIT
—
P/S
1.32
P/OCF
7.38
P/FCF
7.56
Earnings yield
—
PEG ratio
—
Earnings per share
$20.12
Book value per share
$59.06

Efficiency

Gross margin
—
EBITDA margin
—
Operating margin
—
Net margin
12.84%
Asset turnover
0.73

Profitability

ROE
34.06%
ROA
9.36%
ROIC
—
Payout
69.60%

Growth

Revenue CAGR (5 years)
14.78%
Earnings CAGR (5 years)
16.35%
Revenue growth (year)
—
Earnings growth (year)
—
Revenue growth (quarter)
—
Earnings growth (quarter)
—

What is PGR's fair price?

Two classic value formulas, with today's numbers. The current price is $209.45.

Graham's fair price: $163.49; 21.94% below the price

√(22.50 × $20.12 × $59.06)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price: $44.17; 78.91% below the price

$2.65 (5-year average) ÷ 6%

Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

PGR's indicators by year

Multiples at each year's closing price; margins and returns from that year's statements.

Indicator	2025	2024	2023	2022	2021	2020	2019	2018
P/E	11.80	16.56	23.90	105.16	17.92	10.15	10.67	13.47
P/B	4.40	5.49	4.60	4.78	3.29	3.40	3.10	3.26
Dividend yield	2.15%	0.48%	0.25%	0.31%	6.23%	2.68%	3.89%	1.86%
Earnings per share	$19.30	$14.47	$6.66	$1.23	$5.73	$9.74	$6.78	$4.48
Book value per share	$51.75	$43.66	$34.62	$27.15	$31.17	$29.09	$23.36	$18.53
ROE	37.29%	33.14%	19.25%	4.54%	18.38%	33.48%	29.04%	24.17%
Net margin	12.90%	11.25%	6.28%	1.46%	7.02%	13.37%	10.17%	8.18%

PGR's financial statements

Line	2025	2024	2023	2022	2021	2020
Net revenue	$87.7B	$75.4B	$62.1B	$49.6B	$47.7B	$42.7B
Cost of revenue	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—
EBITDA	—	—	—	—	—	—
EBIT	—	—	—	—	—	—
Financial result	—	—	—	—	—	—
Income before tax	$14.2B	$10.7B	$4.9B	$922M	$4.2B	$7.2B
Income tax	-$2.9B	-$2.2B	-$1B	-$200M	-$859.1M	-$1.5B
Net income	$11.3B	$8.5B	$3.9B	$722M	$3.4B	$5.7B

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does PGR pay dividends?

Announced payments
Type	Last day to own	Payment	Per share
Dividend	09/30/2026	10/09/2026	$0.10

Dividend yield per year

1.21%2017
1.86%2018
3.89%2019
2.68%2020
6.23%2021
0.31%2022
0.25%2023
0.48%2024
2.15%2025
6.66%2026

Payment history
Type	Last day to own	Payment	Per share
Dividend	07/01/2026	07/10/2026	$0.10
Dividend	04/01/2026	04/10/2026	$0.10
Dividend	01/01/2026	01/08/2026	$13.60
Dividend	10/01/2025	10/10/2025	$0.10
Dividend	07/02/2025	07/11/2025	$0.10
Dividend	04/02/2025	04/11/2025	$0.10
Dividend	01/09/2025	01/16/2025	$4.60
Dividend	10/02/2024	10/11/2024	$0.10
Dividend	07/02/2024	07/12/2024	$0.10
Dividend	04/02/2024	04/12/2024	$0.10
Dividend	01/17/2024	01/26/2024	$0.85
Dividend	10/03/2023	10/13/2023	$0.10

See all 34 distributions

Earlier distributions
Type	Last day to own	Payment	Per share
Dividend	07/05/2023	07/14/2023	$0.10
Dividend	04/04/2023	04/14/2023	$0.10
Dividend	01/04/2023	01/13/2023	$0.10
Dividend	10/05/2022	10/14/2022	$0.10
Dividend	07/05/2022	07/15/2022	$0.10
Dividend	04/05/2022	04/14/2022	$0.10
Dividend	01/05/2022	01/14/2022	$0.10
Dividend	12/16/2021	12/29/2021	$1.50
Dividend	10/05/2021	10/15/2021	$0.10
Dividend	07/05/2021	07/15/2021	$0.10
Dividend	04/05/2021	04/15/2021	$0.10
Dividend	01/06/2021	01/15/2021	$4.60
Dividend	10/05/2020	10/15/2020	$0.10
Dividend	07/03/2020	07/15/2020	$0.10
Dividend	04/03/2020	04/15/2020	$0.10
Dividend	01/06/2020	01/15/2020	$2.35
Dividend	10/03/2019	10/15/2019	$0.10
Dividend	07/02/2019	07/15/2019	$0.10
Dividend	04/03/2019	04/15/2019	$0.10
Dividend	01/31/2019	02/11/2019	$2.51
Dividend	01/31/2018	02/09/2018	$1.13
Dividend	01/31/2017	02/10/2017	$0.68

About Progressive

Sector: Finance, insurance and real estate

Questions about PGR

How much is PGR today?

PGR is at $209.45 (-0.51% on the day), last traded on 10/01/2026.

How much did PGR pay in dividends in 2025?

PGR paid $4.90 per share in 2025, a dividend yield of 2.15%.

When is the next PGR dividend?

The next announced payment is $0.10 per share on 10/09/2026.

What are the P/E and P/B of PGR?

PGR trades at a P/E of 10.41 and a P/B of 3.55.

How much did PGR return in 12 months?

PGR returned 7.13% in 12 months, with annualized volatility of 23.62% and a largest drawdown of -11.45%.