The Progressive (PGR) Revenue — Quarter Ended Mar 31, 2025
Revenue for this quarter increased modestly from the immediate prior quarter and rose significantly from the same quarter one year earlier. The company has maintained a trend of sequential revenue growth over the past four quarters.
Key takeaway
Quarter ended Mar 31, 2025 · FY2025 Q1
Revenue for this quarter increased modestly from the immediate prior quarter and rose significantly from the same quarter one year earlier. The company has maintained a trend of sequential revenue growth over the past four quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$20.4B
Revenue reported for this quarter.
Quarter-over-quarter
+0.7%
Change from the immediately preceding quarter.
Year-over-year
+18.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$78.5B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2024 | $18.1B | +18.1% |
| Sep 30, 2024 | $19.7B | +26.7% |
| Dec 31, 2024 | $20.3B | +20.0% |
| Mar 31, 2025 | $20.4B | +18.4% |
Revenue performance
The reported revenue direction is upward, supported by continued growth in premiums written and policies in force. Underwriting profitability remained above the company's internal target.
Quarterly comparison
Compared to the immediately preceding quarter, revenue edged higher. Versus the same quarter a year ago, revenue improved substantially, reflecting robust year-over-year expansion.
What to watch
Monitor changes in total capital and the debt-to-capital ratio, which improved this quarter, as well as any shifts in market or regulatory conditions that could affect the insurance operations.