The Progressive (PGR) Debt/Equity Ratio: History & Chart

The Progressive Corporation (PGR)PGRThe Progressive Corporation

About The Progressive Corporation

The Progressive Corporation, an insurance holding company, offers a comprehensive range of insurance products and associated services across the United States. Its portfolio includes personal and commercial vehicle coverage, residential and commercial property protection, general liability, and various other specialized property-casualty insurance options. The company's operations are structured into three main divisions: Personal Lines, Commercial Lines, and Property. Within the Personal Lines segment, Progressive provides coverage for individual automobiles and recreational vehicles. Offerings range from standard personal auto policies to specialized options for motorcycles, all-terrain vehicles (ATVs), RVs, watercraft, snowmobiles, and similar forms of personal transport. The Commercial Lines division focuses on providing primary liability and physical damage insurance for business vehicles, alongside general liability and property insurance tailored for commercial applications. This segment insures a diverse array of vehicles, including cars, vans, pickup trucks, and dump trucks for small businesses; tractors, trailers, and straight trucks for regional freight, expedited shipping, and long-haul transport companies; heavy-duty vehicles like dump trucks, log trucks, and garbage trucks used in industries such as construction, logging, and mining; and tow trucks and wreckers for towing and service stations, as well as various non-fleet taxis and premium car services. The Property segment offers residential insurance solutions for homeowners, other property owners, and renters. Its portfolio further extends to include personal umbrella policies and both primary and excess flood insurance. Beyond underwriting, the company facilitates policy issuance and claims adjusting. It also serves as an agent for various additional insurance products, such as homeowner general liability and workers' compensation, and provides reinsurance services. Progressive's products are distributed through independent insurance agencies, as well as directly to consumers via its online platforms (including mobile access) and telephone channels. Established in 1937, The Progressive Corporation maintains its headquarters in Mayfield, Ohio.

Mayfield Village, OH

70,053 employees

www.progressive.com

Financial Services / Insurance - Property & Casualty

Sector: Financial Services
Industry: Insurance - Property & Casualty
CEO: Susan Patricia Griffith

View full financials

PGR Debt to Equity Ratio Metrics

DEBT TO EQUITY RATIO

0.25

DEBT TO EQUITY RATIO AVG TTM

0.23

DEBT TO EQUITY RATIO AVG 3Y

0.28

DEBT TO EQUITY RATIO AVG 5Y

0.31

DEBT TO EQUITY RATIO AVG 10Y

0.33

DEBT TO EQUITY RATIO AVG 15Y

0.33

DEBT TO EQUITY RATIO AVG 20Y

0.34

CURRENT VS TTM AVG

+8.43%

CURRENT VS 3Y AVG

-12.03%

CURRENT VS 5Y AVG

-19.67%

CURRENT VS 10Y AVG

-24.71%

CURRENT VS 15Y AVG

-25.37%

CURRENT VS 20Y AVG

-26.91%

SECTOR MEDIAN · FINANCIAL SERVICES

0.54

median of 95 covered companies

CURRENT VS SECTOR MEDIAN

-54.10%

vs the sector median at left

NAME	MARKET CAP	DEBT TO EQUITY RATIO	TTM	3Y	5Y
The Progressive Corporation (PGR)	$122.92B	0.25	0.23	0.28	0.31
S&P Global Inc. (SPGI)vs ›	$121.44B	0.45	0.41	0.37	2.19
Capital One Financial Corporation (COF)vs ›	$128.22B	0.45	0.60	0.75	0.73
Chubb Limited (CB)vs ›	$135.29B	0.24	0.24	0.25	0.26
Bank of New York Mellon Corp (BNY)vs ›	$107.30B	0.76	0.93	1.01	0.96
The PNC Financial Services Group, Inc. (PNC)vs ›	$99.70B	0.94	1.03	1.19	1.01
U.S. Bancorp (USB)vs ›	$98.15B	1.20	1.23	1.27	1.15
The Bank of New York Mellon Corporation (BK)vs ›	$97.40B	0.76	0.93	1.01	0.96
CME Group Inc. (CME)vs ›	$96.29B	0.13	0.13	0.13	0.13
Brookfield Corporation (BN)vs ›	$94.99B	6.54	5.83	5.41	4.97

NAME

MARKET CAP

DEBT TO EQUITY RATIO

TTM

The Progressive Corporation (PGR)

$122.92B

0.25

0.23

0.28

0.31

S&P Global Inc. (SPGI)vs ›

$121.44B

0.45

0.41

0.37

2.19

Capital One Financial Corporation (COF)vs ›

$128.22B

0.45

0.60

0.75

0.73

Chubb Limited (CB)vs ›

$135.29B

0.24

0.25

0.26

Bank of New York Mellon Corp (BNY)vs ›

$107.30B

0.76

0.93

1.01

0.96

The PNC Financial Services Group, Inc. (PNC)vs ›

$99.70B

0.94

1.03

1.19

1.01

U.S. Bancorp (USB)vs ›

$98.15B

1.20

1.23

1.27

1.15

The Bank of New York Mellon Corporation (BK)vs ›

$97.40B

0.76

0.93

1.01

0.96

CME Group Inc. (CME)vs ›

$96.29B

0.13

Brookfield Corporation (BN)vs ›

$94.99B

6.54

5.83

5.41

4.97

Debt to Equity Ratio FAQ

What is the debt to equity ratio for The Progressive Corporation (PGR)?

The debt to equity ratio for PGR stock is 0.25.

Is The Progressive Corporation's debt to equity ratio high or low?

The debt to equity ratio of 0.25 is 20% below its 5-year average of 0.31, near the low end of its 5-year range (0.19–0.43).

What is the TTM average debt to equity ratio for The Progressive Corporation (PGR)?

The TTM average debt to equity ratio for PGR stock is 0.23.

What is the 3Y average debt to equity ratio for The Progressive Corporation (PGR)?

The 3Y average debt to equity ratio for PGR stock is 0.28.

What is the 5Y average debt to equity ratio for The Progressive Corporation (PGR)?

The 5Y average debt to equity ratio for PGR stock is 0.31.

What is the 10Y average debt to equity ratio for The Progressive Corporation (PGR)?

The 10Y average debt to equity ratio for PGR stock is 0.33.

What is the 15Y average debt to equity ratio for The Progressive Corporation (PGR)?

The 15Y average debt to equity ratio for PGR stock is 0.33.

What is the 20Y average debt to equity ratio for The Progressive Corporation (PGR)?

The 20Y average debt to equity ratio for PGR stock is 0.34.

DATE	DEBT TO EQUITY RATIO
2026-05-31	0.25
2026-03-31	0.26
2025-12-31	0.23
2025-09-30	0.19
2025-06-30	0.21
2025-03-31	0.24
2024-12-31	0.27
2024-09-30	0.25
2024-06-30	0.30
2024-03-31	0.32
2023-12-31	0.34
2023-09-30	0.40
2023-06-30	0.41
2023-03-31	0.38
2022-12-31	0.40
2022-09-30	0.43
2022-06-30	0.41
2022-03-31	0.37
2021-12-31	0.27
2021-09-30	0.26
2021-06-30	0.29
2021-03-31	0.30
2020-12-31	0.32
2020-09-30	0.30
2020-06-30	0.32
2020-03-31	0.38
2019-12-31	0.36
2019-09-30	0.31
2019-06-30	0.33
2019-03-31	0.36
2018-12-31	0.41
2018-09-30	0.33
2018-06-30	0.35
2018-03-31	0.37
2017-12-31	0.36
2017-09-30	0.36
2017-06-30	0.38
2017-03-31	0.37
2016-12-31	0.40
2016-09-30	0.39
2016-06-30	0.34
2016-03-31	0.36
2015-12-31	0.37
2015-09-30	0.36
2015-06-30	0.37
2015-03-31	0.36
2014-12-31	0.31
2014-09-30	0.31
2014-06-30	0.33
2014-03-31	0.29
2013-12-31	0.30
2013-09-30	0.30
2013-06-30	0.32
2013-03-31	0.32
2012-12-31	0.34
2012-09-30	0.31
2012-06-30	0.33
2012-03-31	0.33
2011-12-31	0.42
2011-09-30	0.42
2011-06-30	0.31
2011-03-31	0.31
2010-12-31	0.32
2010-09-30	0.29
2010-06-30	0.35
2010-03-31	0.35
2009-12-31	0.38
2009-09-30	0.40
2009-06-30	0.44
2009-03-31	0.51
2008-12-31	0.52
2008-09-30	0.51
2008-06-30	0.45
2008-03-31	0.46
2007-12-31	0.44
2007-09-30	0.41
2007-06-30	0.39
2007-03-31	0.17
2006-12-31	0.17
2006-09-30	0.18
2006-06-30	0.18
2006-03-31	0.20
2005-12-31	0.21
2005-09-30	0.22
2005-06-30	0.23
2005-03-31	0.24
2004-12-31	0.25
2004-09-30	0.21
2004-06-30	0.23
2004-03-31	0.23
2003-12-31	0.30
2003-09-30	0.32
2003-06-30	0.34
2003-03-31	0.38
2002-12-31	0.40
2002-09-30	0.31

DATE

DEBT TO EQUITY RATIO

2026-05-31

0.25

2026-03-31

0.26

2025-12-31

0.23

2025-09-30

0.19

2025-06-30

0.21

2025-03-31

0.24

2024-12-31

0.27

2024-09-30

0.25

2024-06-30

0.30

2024-03-31

0.32

2023-12-31

0.34

2023-09-30

0.40

2023-06-30

0.41

2023-03-31

0.38

2022-12-31

0.40

2022-09-30

0.43

2022-06-30

0.41

2022-03-31

0.37

2021-12-31

0.27

2021-09-30

0.26

2021-06-30

0.29

2021-03-31

0.30

2020-12-31

0.32

2020-09-30

0.30

2020-06-30

0.32

2020-03-31

0.38

2019-12-31

0.36

2019-09-30

0.31

2019-06-30

0.33

2019-03-31

0.36

2018-12-31

0.41

2018-09-30

0.33

2018-06-30

0.35

2018-03-31

0.37

2017-12-31

0.36

2017-09-30

0.36

2017-06-30

0.38

2017-03-31

0.37

2016-12-31

0.40

2016-09-30

0.39

2016-06-30

0.34

2016-03-31

0.36

2015-12-31

0.37

2015-09-30

0.36

2015-06-30

0.37

2015-03-31

0.36

2014-12-31

0.31

2014-09-30

0.31

2014-06-30

0.33

2014-03-31

0.29

2013-12-31

0.30

2013-09-30

0.30

2013-06-30

0.32

2013-03-31

0.32

2012-12-31

0.34

2012-09-30

0.31

2012-06-30

0.33

2012-03-31

0.33

2011-12-31

0.42

2011-09-30

0.42

2011-06-30

0.31

2011-03-31

0.31

2010-12-31

0.32

2010-09-30

0.29

2010-06-30

0.35

2010-03-31

0.35

2009-12-31

0.38

2009-09-30

0.40

2009-06-30

0.44

2009-03-31

0.51

2008-12-31

0.52

2008-09-30

0.51

2008-06-30

0.45

2008-03-31

0.46

2007-12-31

0.44

2007-09-30

0.41

2007-06-30

0.39

2007-03-31

0.17

2006-12-31

0.17

2006-09-30

0.18

2006-06-30

0.18

2006-03-31

0.20

2005-12-31

0.21

2005-09-30

0.22

2005-06-30

0.23

2005-03-31

0.24

2004-12-31

0.25

2004-09-30

0.21

2004-06-30

0.23

2004-03-31

0.23

2003-12-31

0.30

2003-09-30

0.32

2003-06-30

0.34

2003-03-31

0.38

2002-12-31

0.40

2002-09-30

0.31

Debt to Equity Ratio: 0.25

PGR Debt to Equity Ratio

PGR Average Debt to Equity Ratio Chart

PGR Current vs Average Debt to Equity Ratio Chart

PGR Debt to Equity Ratio Metrics

PGR Competitors' Debt to Equity Ratio

Financial Health

Debt to Equity Ratio Formula & Definition

Debt to Equity Ratio FAQ

PGR Debt to Equity Ratio History

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