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Review the full annual statement in one scroll, from headline results to detailed SEC line items, margin conversion, and growth diagnostics.
PROGRESSIVE CORP/OH/’s top-line, gross profit, pretax income, and bottom-line conversion. Values are shown in USD millions.
CAGR 16.4% (FY2021 to FY2025)
Latest annual filing: FY2025
CAGR 35.6% (FY2021 to FY2025)
CAGR 35.5% (FY2021 to FY2025)
Change vs FY2021: N/A
Change vs FY2021: +740 bps
Change vs FY2021: +587 bps
Profitability profile tracked across FY2021 through FY2025.
Side-by-side read of gross, operating, and net margin.
Read the shape of profitability with either a discrete bar view or a cleaner line trajectory.
FY2025 versus FY2024
FY2025 versus FY2024
FY2025 versus FY2024
FY2025 versus FY2024
Negative values are highlighted to make slowdowns obvious.
The most direct way to see whether the business is accelerating or rolling over.
Compounded annual growth across FY2021 to FY2025.
Compounded annual growth across FY2021 to FY2025.
Compounded annual growth across FY2021 to FY2025.
Compounded annual growth across FY2021 to FY2025.
Over the five‐year period, Progressive Corp/OH/ has experienced solid revenue growth, increasing from 47,702 million USD in 2021 to 87,671 million USD in 2025. The growth appears especially robust starting in 2023 when revenue jumped by roughly 25% compared to 2022, following more modest gains earlier. Notably, while the grossProfit data is consistently reported as zero—suggesting either the metric is not tracked in the traditional sense or is integrated differently—the pretax income (operatingIncome) shows marked volatility. After a substantial decline from 4,210 million USD in 2021 to only 922 million USD in 2022, operating income rebounded strongly to 4,904 million USD in 2023 and continued its upward trajectory, reaching 10,713 million USD in 2024 and 14,223 million USD in 2025. Net income trends reflect similar dynamics, with an upward progression from 3,350.9 million USD in 2021 to 8,480 million USD in 2024, peaking at 11,308 million USD in 2025. The steep decline in operating income in 2022—more than 75% drop year-over-year—represents a significant swing that may indicate short-term operational disruptions or market volatility affecting pretax profitability. However, the recovery in subsequent years points to a positive turnaround and improved operational efficiency. Overall, Progressive Corp/OH/ demonstrates resilience and potential sustainability, with strong revenue growth and a rebound in key profitability metrics, though the data underscores the need to monitor volatility in pretax income for future risk management.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.