Progressive Corp
Research Progressive Corp (PGR) on Bullrun: valuation model: 0.9% overvalued, market cap USD 126.33B, P/E 10.9, dividend yield 6.3%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerPGR
- ExchangeNYSE
- CountryUnited States
- SectorFinancial Services
- IndustryInsurance-Property & Casualty
- CurrencyUSD
- Valuation signal0.9% overvalued
- Market capUSD 126.33B
- P/E10.9
- Dividend yield6.3%
- Financial periodQ2 2026
- RevenueUSD 23.60B
- Net incomeUSD 3.31B
- Free cash flowUSD 3.47B
Valuation Snapshot
Bullrun's latest valuation model marks Progressive Corp as 0.9% overvalued; latest market cap is USD 126.33B; P/E is 10.9; dividend yield is 6.3%.
Peer valuation comparison
Latest P/E is 10.9x versus a Financial Services sector median of 13.39x (18.6% below).
Latest dividend yield is 6.31% versus a Financial Services sector median of 3.66% (72.6% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 87.67B | USD 11.31B | USD 17.20B | n/a | 19.23 | USD 138.00M | USD 0 | USD 30.32B |
| FY2024 | USD 75.37B | USD 8.48B | USD 14.83B | n/a | 14.4 | USD 154.00M | USD 0 | USD 25.59B |
| FY2023 | USD 62.11B | USD 3.90B | USD 10.39B | n/a | 6.58 | USD 100.00M | USD 0 | USD 20.28B |
| FY2022 | USD 49.61B | USD 722.00M | USD 6.56B | n/a | 1.18 | USD 221.00M | USD 0 | USD 15.89B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-09 | USD 126.33B | 10.9 | 6.4% | 13.9 |
| 2025 | 2025-12-31 | USD 133.47B | 11.8 | 2.2% | 4.9 |
| 2024 | 2024-12-31 | USD 140.41B | 16.6 | 0.5% | 1.15 |
| 2023 | 2023-12-29 | USD 93.23B | 34.6 | 0.3% | 0.4 |
| 2022 | 2022-12-30 | USD 75.88B | 92.0 | 0.3% | 0.4 |
| 2021 | 2021-12-31 | USD 59.99B | 18.1 | 6.2% | 6.4 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 13.9 USD, yield 6.3%.
| Year | Dividends/share |
|---|---|
| FY2025 | 13.9 USD |
| FY2024 | 4.9 USD |
| FY2023 | 1.15 USD |
| FY2022 | 0.4 USD |
About Progressive Corp
The Progressive Corporation operates as an insurance company in the United States. It writes insurance for personal autos and special lines products, including motorcycles, RVs, and watercraft; and personal residential property insurance for homeowners and renters. The company also writes auto-related liability and physical damage insurance for comprising dump trucks, log trucks, garbage trucks, tractors, trailers, straight trucks, tow trucks and wreckers, vans, pick-up trucks, and autos;
ETFs that hold Progressive Corp
Progressive Corp is one of the ten largest holdings of one ETF that investors in Europe can buy:
| ETF | Weight | TER |
|---|---|---|
| Invesco Dow Jones US Insurance UCITS ETF USD Acc | 13.55% | 0.35% |
Related stock research
Other Financial Services stocks
Frequently asked questions
Is Progressive Corp overvalued or undervalued?
Bullrun's valuation model currently marks Progressive Corp as 0.9% overvalued.
What is Progressive Corp's market cap?
Progressive Corp's market capitalization is USD 126.33B.
What is Progressive Corp's P/E ratio?
Progressive Corp's price-to-earnings (P/E) ratio is 10.9.
Does Progressive Corp pay a dividend?
Progressive Corp has a dividend yield of 6.3%.
What does Progressive Corp do?
The Progressive Corporation operates as an insurance company in the United States. It writes insurance for personal autos and special lines products, including motorcycles, RVs, and watercraft; and personal residential property insurance for homeowners and renters.