Return on Tangible Equity (Quarterly)

Return on Tangible Equity: The amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity. Calculated as: Income from Continuing Operations / Tangible Shareholders Equity

The Progressive Corporation (PGR) had Return on Tangible Equity of 9.73% for the most recently reported fiscal quarter, ending 2025-12-31.

Quarterly Annual

Figures for fiscal quarter ending 2025-12-31

Income Statement Financials
Revenue	$22.75B
Net Income	$2.95B
Cost of Goods Sold	$18.86B
Gross Profit	$3.89B
Operating Expenses	$18.86B
Operating Income	$3.89B
Non-Operating Income/Expense	$-205.00M
Pre-Tax Income	$3.68B
Normalized Pre-Tax Income	$3.68B
Income after Taxes	$2.95B
Income from Continuous Operations	$2.95B
Consolidated Net Income/Loss	$2.95B
Normalized Income after Taxes	$2.95B
EBIT	$3.89B
EBITDA	$3.93B
Weighted-Average Shares Outstanding (Basic)	586.30M
Weighted-Average Shares Outstanding (Diluted)	588.10M
Earnings per Share (EPS) (Basic)	$5.03
Earnings per Share (EPS) (Diluted)	$5.01
Balance Sheet Financials
Current Assets	$19.58B
Property, Plant, and Equipment	$783.00M
Long-Term Assets	$103.46B
Total Assets	$123.04B
Current Liabilities	$85.82B
Long-Term Debt	$6.90B
Long-Term Liabilities	$6.90B
Total Liabilities	$92.72B
Common Equity	$30.32B
Tangible Shareholders Equity	$30.32B
Shareholders Equity	$30.32B
Common Shares Outstanding	586.00M
Cash Flow Statement Financials
Cash Flow from Operating Activities	$17.55B
Cash Flow from Investing Activities	$-14.53B
Cash Flow from Financial Activities	$-3.04B
Beginning Cash	$154.00M
End Cash	$138.00M
Increase/Decrease in Cash	$-16.00M
Stock-Based Compensation	$132.00M
Common Stock Dividends Paid	$-2.87B
Preferred Stock Dividends Paid	--
Fundamental Metrics & Ratios
Current Ratio	--
Non-Performing Assets / Total Loans	--
Loan Loss Reserves / Non-Performing Loans	--
Debt to Capital Ratio	0.19
Debt to Equity Ratio	0.23
Gross Margin	--
Operating Margin	17.09%
EBIT Margin	17.09%
EBITDA Margin	--
Pre-Tax Profit Margin	16.19%
Profit Margin	12.97%
Free Cash Flow	$17.28B
Loss Ratio	0.67
Expense Ratio	0.23
Combined Ratio	0.89
Asset Turnover	0.18
Inventory Turnover	--
Receiveable Turnover	--
Days Sales in Receivables	--
Return on Equity	9.73%
Return on Tangible Equity	9.73%
Return on Assets	2.40%
Return on Investments	7.93%
Book Value Per Share	$51.75
Free Cash Flow per Share	$29.38
Operating Cash Flow per Share	$29.84

Data from Zacks Investment Research, Inc.