Progressive (PGR) Amortizatization of Intangibles (2015 - 2023)
Progressive (PGR) recorded Amortizatization of Intangibles of $2.8 million in Q4 2023, down 49.1% from $5.5 million a year earlier and down 3.4% from the prior quarter.
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Analysis
Progressive (PGR) Amortizatization of Intangibles (2015 - 2023) Analysis & Trends
For FY2023, Progressive reported Amortizatization of Intangibles of $14.2 million, down 54.2% from FY2022.
- Annual Amortizatization of Intangibles has a five-year compound annual growth rate of -27.7% (FY2018 to FY2023).
- Across earlier years, Amortizatization of Intangibles came in at $31 million in FY2022 (-46.3%), $57.7 million in FY2021 (+1.4%), $56.9 million in FY2020 (-14.2%) and $66.3 million in FY2019 (-7.9%).
- The Q4 2023 figure is the lowest quarterly Amortizatization of Intangibles in data going back to Q2 2015.
- On a year-over-year basis, Amortizatization of Intangibles has declined for seven consecutive quarters, with an average decline of 48.3% over the last eight quarters.
- Peak year-over-year performance for Amortizatization of Intangibles in the last five years was growth of 3.5% in Q4 2021, against a decline of 63.0% in Q3 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $2.9 million (Q3 2023), $3.1 million (Q2 2023) and $5.4 million (Q1 2023).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Amort. of Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway | 1,083.21 Bn | -334.26 Bn | 55.86 Bn | - |
| 2 | Chubb | 127.58 Bn | 79.64 Bn | 9.13 Bn | 74.00 Mn |
| 3 | Progressive | 122.25 Bn | 98.08 Bn | 9.04 Bn | - |
| 4 | Marsh & Mclennan Companies | 81.29 Bn | 73.03 Bn | - | 137.00 Mn |
| 5 | Travelers Companies | 75.19 Bn | 51.44 Bn | 6.23 Bn | - |
| 6 | Manulife Financial | 73.16 Bn | 74.37 Bn | - | - |
| 7 | Metlife | 60.22 Bn | -46.26 Bn | 7.82 Bn | - |
| 8 | Arthur J. Gallagher | 57.98 Bn | 52.41 Bn | - | - |
| 9 | Aon | 57.16 Bn | 50.40 Bn | - | 174.00 Mn |
| 10 | Allstate | 56.84 Bn | 18.09 Bn | 8.73 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2023 | 2.80 Mn |
| Sep 30, 2023 | 2.90 Mn |
| Jun 30, 2023 | 3.10 Mn |
| Mar 31, 2023 | 5.40 Mn |
| Dec 31, 2022 | 5.50 Mn |
| Sep 30, 2022 | 5.40 Mn |
| Jun 30, 2022 | 5.50 Mn |
| Mar 31, 2022 | 14.60 Mn |
| Dec 31, 2021 | 14.60 Mn |
| Sep 30, 2021 | 14.60 Mn |
| Jun 30, 2021 | 14.30 Mn |
| Mar 31, 2021 | 14.20 Mn |
| Dec 31, 2020 | 14.10 Mn |
| Sep 30, 2020 | 14.20 Mn |
| Jun 30, 2020 | 14.10 Mn |
| Mar 31, 2020 | 14.50 Mn |
| Dec 31, 2019 | 14.60 Mn |
| Sep 30, 2019 | 15.80 Mn |
| Jun 30, 2019 | 18.00 Mn |
| Mar 31, 2019 | 17.90 Mn |
API Access
Progressive Amortizatization of Intangibles API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=amortizatization-of-intangibles&ticker=PGR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "amortizatization-of-intangibles", "ticker": "PGR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=amortizatization-of-intangibles&ticker=PGR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();