Progressive (PGR) EBITDA (2009 - 2026)
Progressive (PGR) posted quarterly EBITDA of $2.2 billion for Q1 2026, down 35.26% YoY from $3.5 billion in Q1 2025, and down 21.68% sequentially from $2.9 billion in Q4 2025.
Progressive (PGR) EBITDA (2009 - 2026) Analysis & Trends
Progressive has disclosed EBITDA across 18 years of filings, most recently posting $2.2 billion for Q1 2026.
- In Q1 2026, EBITDA fell 35.26% year-over-year to $2.2 billion; the TTM figure through Mar 2026 stood at $11.6 billion (up 15.93% YoY), while the FY2025 annual figure was $12.8 billion, up 47.98% from the prior year.
- EBITDA retreated to $2.2 billion in Q1 2026, from $2.9 billion in the prior quarter.
- Over the last five years, EBITDA for PGR reached as high as $3.9 billion in Q3 2024 and fell as low as -$1.4 billion in Q2 2022.
- The 5-year median for EBITDA is $1.6 billion (2024), against an average of $1.6 billion.
- Annual changes were most pronounced in 2022 — EBITDA sank 6889.47% — and 2024, when it soared 1525.84%.
- A 5-year view of EBITDA shows it stood at $1.2 billion in 2022, then soared by 195.78% to $3.4 billion in 2023, then plunged by 68.14% to $1.1 billion in 2024, then surged by 163.33% to $2.9 billion in 2025, then retreated by 21.68% to $2.2 billion in 2026.
- According to Business Quant data, EBITDA over the past three periods registered $2.2 billion, $2.9 billion, and $2.9 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Markel | 7,105.55 Bn | 7,090.09 Bn | 2.38 Bn | -332.46 Mn |
| 2 | Progressive | 131.92 Bn | 127.57 Bn | 8.36 Bn | 2.24 Bn |
| 3 | Chubb | 78.78 Bn | 71.35 Bn | 8.64 Bn | 1.38 Bn |
| 4 | Cincinnati Financial | 74.32 Bn | 73.06 Bn | 2.60 Bn | 318.00 Mn |
| 5 | Travelers Companies | 72.03 Bn | 48.11 Bn | 5.54 Bn | 1.01 Bn |
| 6 | Allstate | 63.08 Bn | 38.49 Bn | 14.72 Bn | 938.00 Mn |
| 7 | Fairfax Financial Holdings | 34.53 Bn | 39.18 Bn | - | 830.10 Mn |
| 8 | Loews | 23.53 Bn | 11.27 Bn | -1.32 Bn | 613.00 Mn |
| 9 | Selective Insurance | 20.82 Bn | 19.07 Bn | 543.42 Mn | 142.38 Mn |
| 10 | Assurant | 13.63 Bn | 11.71 Bn | 2.01 Bn | 159.60 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.24 Bn |
| Dec 31, 2025 | 2.87 Bn |
| Sep 30, 2025 | 2.90 Bn |
| Jun 30, 2025 | 3.60 Bn |
| Mar 31, 2025 | 3.47 Bn |
| Dec 31, 2024 | 1.09 Bn |
| Sep 30, 2024 | 3.90 Bn |
| Jun 30, 2024 | 1.57 Bn |
| Mar 31, 2024 | 2.12 Bn |
| Dec 31, 2023 | 3.41 Bn |
| Sep 30, 2023 | 732.90 Mn |
| Jun 30, 2023 | -109.90 Mn |
| Mar 31, 2023 | 1.05 Bn |
| Dec 31, 2022 | 1.15 Bn |
| Sep 30, 2022 | -796.80 Mn |
| Jun 30, 2022 | -1.37 Bn |
| Mar 31, 2022 | -1.11 Bn |
| Dec 31, 2021 | 649.70 Mn |
| Sep 30, 2021 | -11.40 Mn |
| Jun 30, 2021 | 881.00 Mn |