# PROGRESSIVE CORP/OH/ (PGR) FY2025 Q1 P&L / Income Statement

- Company: PROGRESSIVE CORP/OH/ (PGR)
- Period: 2025-01-01 to 2025-03-31
- Filing: Q1 FY2025 10-Q, filed 2025-05-05, accession number 0000080661-25-000023
- Page: https://plicit.ai/financials/pgr/fy2025-q1-income-statement
- Chart image: https://plicit.ai/charts/pgr-fy2025-q1-income-statement-sankey.png

## Chart details: Revenue by Product and Service

Income statement for 2025-01-01 through 2025-03-31. View: Revenue categories. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total revenues**: 20,409,000,000 US dollars
- **Operating expenses (calculated)**: 17,173,000,000 US dollars
- **Operating profit (calculated)**: 3,236,000,000 US dollars
- **Other income (expense), net (calculated)**: 0 US dollars
- **Income before income taxes**: 3,236,000,000 US dollars
- **Provision for income taxes**: 669,000,000 US dollars
- **Net income**: 2,567,000,000 US dollars
- **Net premiums earned**: 19,409,000,000 US dollars
- **Investment income**: 814,000,000 US dollars
- **Fees and other revenues**: 287,000,000 US dollars
- **Service revenues**: 111,000,000 US dollars
- **Total expenses**: 17,173,000,000 US dollars
- **Revenue before reconciliation (calculated)**: 20,621,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
- **Total net realized gains (losses) on securities**: negative 212,000,000 US dollars. Reported reconciliation to consolidated revenue.

### Chart connections

- Revenue minus operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
- Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.