TTM
12.9%
YoY change
+1.65pp
Trough year (2008)
-0.5%
Peak year (1990)
68.3%
Latest annual
12.9%
Net Profit Margin history chart for Progressive (PGR) from 1985 to 2025
Latest: 12.9%
Net Profit Margin change chart for Progressive (PGR) from 1985 to 2025
Latest: +1.65pp
Net Profit Margin history table for Progressive (PGR) from 1985 to 2025
| 2025 | 12.9% | +1.65pp | ||
| 2024 | 11.3% | +4.97pp | ||
| 2023 | 6.3% | +4.83pp | ||
| 2022 | 1.5% | -5.57pp | ||
| 2021 | 7.0% | -6.35pp | ||
| 2020 | 13.4% | +3.20pp | ||
| 2019 | 10.2% | +2.00pp | ||
| 2018 | 8.2% | +2.25pp | ||
| 2017 | 5.9% | +1.53pp | ||
| 2016 | 4.4% | -1.68pp | ||
| 2015 | 6.1% | -0.53pp | ||
| 2014 | 6.6% | +0.19pp | ||
| 2013 | 6.4% | +1.13pp | ||
| 2012 | 5.3% | -1.16pp | ||
| 2011 | 6.4% | -0.59pp | ||
| 2010 | 7.0% | -0.23pp | ||
| 2009 | 7.3% | +7.81pp | ||
| 2008 | -0.5% | -8.60pp | ||
| 2007 | 8.1% | -3.09pp | ||
| 2006 | 11.1% | +1.40pp | ||
| 2005 | 9.7% | -2.22pp | ||
| 2004 | 12.0% | +1.41pp | ||
| 2003 | 10.6% | +3.38pp | ||
| 2002 | 7.2% | +1.69pp | ||
| 2001 | 5.5% | +4.81pp | ||
| 2000 | 0.7% | -4.14pp | ||
| 1999 | 4.8% | -3.81pp | ||
| 1998 | 8.6% | -0.05pp | ||
| 1997 | 8.7% | -0.34pp | ||
| 1996 | 9.0% | +0.70pp | ||
| 1995 | 8.3% | -3.04pp | ||
| 1994 | 11.4% | -2.32pp | ||
| 1993 | 13.7% | +4.83pp | ||
| 1992 | 8.8% | +6.64pp | ||
| 1991 | 2.2% | -66.12pp | ||
| 1990 | 68.3% | +62.72pp | ||
| 1989 | 5.6% | -2.44pp | ||
| 1988 | 8.0% | -1.09pp | ||
| 1987 | 9.1% | +1.58pp | ||
| 1986 | 7.6% | +2.36pp | ||
| 1985 | 5.2% | — |
- 202512.9%+1.65pp
- 202411.3%+4.97pp
- 20236.3%+4.83pp
- 20221.5%-5.57pp
- 20217.0%-6.35pp
- 202013.4%+3.20pp
- 201910.2%+2.00pp
- 20188.2%+2.25pp
- 20175.9%+1.53pp
- 20164.4%-1.68pp
- 20156.1%-0.53pp
- 20146.6%+0.19pp
- 20136.4%+1.13pp
- 20125.3%-1.16pp
- 20116.4%-0.59pp
- 20107.0%-0.23pp
- 20097.3%+7.81pp
- 2008-0.5%-8.60pp
- 20078.1%-3.09pp
- 200611.1%+1.40pp
- 20059.7%-2.22pp
- 200412.0%+1.41pp
- 200310.6%+3.38pp
- 20027.2%+1.69pp
- 20015.5%+4.81pp
- 20000.7%-4.14pp
- 19994.8%-3.81pp
- 19988.6%-0.05pp
- 19978.7%-0.34pp
- 19969.0%+0.70pp
- 19958.3%-3.04pp
- 199411.4%-2.32pp
- 199313.7%+4.83pp
- 19928.8%+6.64pp
- 19912.2%-66.12pp
- 199068.3%+62.72pp
- 19895.6%-2.44pp
- 19888.0%-1.09pp
- 19879.1%+1.58pp
- 19867.6%+2.36pp
- 19855.2%—
Net Profit Margin values are taken from Progressive's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Net Profit Margin at Progressive (PGR)
According to Progressive's latest reported financial statements, the company's latest reported net margin is 12.9%. Net profit margin is net income divided by revenue — the bottom-line share of each sales dollar that remains after all costs, including operating expenses, interest, and taxes. It is the most comprehensive profitability ratio, though it can swing on one-off items, so read it alongside the multi-year trend below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
The 2025 reading of Progressive (PGR) net margin is 12.90% – expanded 1.6 percentage points year-over-year.
The highest annual net margin of 68.32% was reported in 1990. The lowest in the available history was -0.55% in 2008.
Progressive Net Profit Margin by Year
Progressive Net Profit Margin 2025: 12.9%
Progressive posted net margin of 12.90% in 2025, expanded 1.6 percentage points from 2024.
Progressive Net Profit Margin 2024: 11.3%
In 2024, Progressive reported net margin of 11.26%, expanded 5.0 percentage points from 2023.
Progressive Net Profit Margin 2023: 6.3%
Progressive net margin in 2023 was 6.29%, expanded 4.8 percentage points from 2022.
Progressive Net Profit Margin 2022: 1.5%
2022's net margin for Progressive came in at 1.46%, contracted 5.6 percentage points from 2021.
Progressive Net Profit Margin 2021: 7.0%
Progressive net margin in 2021 was 7.03%.
See more financial history for Progressive (PGR).
Sector peers by Net Profit Margin
Financial Services peers of Progressive (PGR), ranked by their latest net margin
| 51.7% | |
| 45.9% | |
| 20.7% | |
| 19.3% | |
| 18.1% | |
| 17.3% | |
| 16.3% | |
| 15.1% |
- 51.7%
- 45.9%
- 20.7%
- 17.3%
- 16.3%
- 15.1%
Frequently asked questions
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