How does Progressive (PGR) make money?

Progressive (PGR) primarily makes money through Personal Lines Segment, which accounts for 86.9% of total revenue. For TTM through Q1 2026, Progressive generated $89.42B in total revenue with a net profit margin of 12.9%.

What is Progressive (PGR) gross profit margin?

Progressive (PGR) reported a gross profit margin of 28.4% for TTM through Q1 2026, equivalent to $25.44B in gross profit. This means Progressive retains 28.4% of each revenue unit after direct costs of production.

What is Progressive (PGR) operating profit margin?

Progressive (PGR) reported an operating profit margin of 16.3% for TTM through Q1 2026, equivalent to $14.55B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is Progressive (PGR) net profit margin?

Progressive (PGR) reported a net profit margin of 12.9% for TTM through Q1 2026, equivalent to $11.56B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How much does Progressive (PGR) spend on capital expenditures?

Progressive (PGR) spent $348.00M on capital expenditures in TTM through Q1 2026 (0.4% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

What is Progressive (PGR) free cash flow?

Progressive (PGR) generated $17.20B in free cash flow for TTM through Q1 2026 (19.2% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

What is Progressive (PGR) effective tax rate?

Progressive (PGR) had an effective tax rate of 20.6% for TTM through Q1 2026. This is the actual percentage of pre-tax income paid as income taxes.

How Progressive (PGR) Makes Money: A Visual Guide

Progressive (PGR) generated $89.42B in revenue, earning $11.56B in net profit (12.9% margin). Its largest revenue source is Personal Lines Segment (86.9% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.

Progressive (PGR) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported April 15, 2026).

Frequently asked questions

How does Progressive (PGR) make money?: Progressive (PGR) primarily makes money through Personal Lines Segment, which accounts for 86.9% of total revenue. For TTM through Q1 2026, Progressive generated $89.42B in total revenue with a net profit margin of 12.9%.
What is Progressive (PGR) gross profit margin?: Progressive (PGR) reported a gross profit margin of 28.4% for TTM through Q1 2026, equivalent to $25.44B in gross profit. This means Progressive retains 28.4% of each revenue unit after direct costs of production.
What is Progressive (PGR) operating profit margin?: Progressive (PGR) reported an operating profit margin of 16.3% for TTM through Q1 2026, equivalent to $14.55B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is Progressive (PGR) net profit margin?: Progressive (PGR) reported a net profit margin of 12.9% for TTM through Q1 2026, equivalent to $11.56B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does Progressive (PGR) spend on capital expenditures?: Progressive (PGR) spent $348.00M on capital expenditures in TTM through Q1 2026 (0.4% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is Progressive (PGR) free cash flow?: Progressive (PGR) generated $17.20B in free cash flow for TTM through Q1 2026 (19.2% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.
What is Progressive (PGR) effective tax rate?: Progressive (PGR) had an effective tax rate of 20.6% for TTM through Q1 2026. This is the actual percentage of pre-tax income paid as income taxes.

Data & methodology

What is a Sankey diagram?: A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?: We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
When was this data last updated?: Based on company filings through TTM through Q1 2026.