Progressive Balance Sheet
NYSE: PGRFinanceProperty-Casualty InsurersUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Progressive financial position
At the end of fiscal 2025, Progressive reported total assets of $123.04 billion, up 16.4% from a year earlier against total liabilities of $92.72 billion. Shareholders' equity stood at $30.32 billion, or 24.6% of assets. The company held $125.0 million in cash and equivalents against $0 of debt, a net cash position of $125.0 million.
Debt-to-equity was 0.00.
Summary generated from market data by MetaCap's automated system. Methodology
Progressive balance sheet (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 125.00M | 143.00M | 85.00M | 203.50M | 187.10M | 76.50M | 226.20M | 69.50M | 265.00M | 211.50M |
| Short-Term Investments | 10.01B | 615.00M | 1.79B | 2.86B | 942.60M | 5.22B | 1.80B | 1.80B | 2.87B | 3.57B |
| Property, Plant & Equipment | 783.00M | 790.00M | 881.00M | 1.03B | 1.14B | 1.11B | 1.21B | 1.13B | 1.12B | 1.18B |
| Goodwill | — | 228.00M | 228.00M | 227.90M | 452.70M | 452.70M | 452.70M | 452.70M | 452.70M | 449.40M |
| Intangible Assets | — | — | — | 86.30M | 117.30M | 171.40M | 228.30M | 294.60M | 366.60M | 432.80M |
| Total Assets | 123.04B | 105.75B | 88.69B | 75.47B | 71.13B | 64.10B | 54.91B | 46.58B | 38.70B | 33.43B |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 500.00M | — | — | — | — |
| Total Liabilities | 92.72B | 80.15B | 68.41B | 59.57B | 52.90B | 47.06B | 41.01B | 35.54B | 28.91B | 24.99B |
| Shareholders' Equity | 30.32B | 25.59B | 20.28B | 15.89B | 18.23B | 17.04B | 13.67B | 10.82B | 9.28B | 7.96B |
| Retained Earnings | 27.33B | 24.28B | 18.80B | 15.72B | 15.34B | 13.35B | 10.68B | 8.39B | 6.03B | 5.14B |
| Total Debt | 0 | 0 | 0 | 0 | 0 | 500.00M | — | — | — | — |
| Net Cash (Debt) | 10.13B | 758.00M | 1.88B | 3.07B | 1.13B | 4.79B | 2.02B | 1.87B | 3.13B | 3.78B |
This table shows 10 annual periods of Progressive's balance sheet, from FY 2025 back to FY 2016, across 13 line items including cash & equivalents, short-term investments, property, plant & equipment. Values in USD; B = billions, M = millions. Fiscal periods follow PGR's reporting calendar. What is a balance sheet?