Progressive (PGR) EBITDA Margin (2009 - 2026)
Progressive (PGR) reported EBITDA Margin of 10.11% for Q1 2026, down 687.0% year-over-year from 1.72% in Q1 2025, and down 19.71% quarter-over-quarter from 12.6% in Q4 2025.
Progressive (PGR) EBITDA Margin (2009 - 2026) Analysis & Trends
Progressive (PGR) has 18 years of EBITDA Margin data on file, last reported at 10.11% in Q1 2026.
- EBITDA Margin for Q1 2026 came in at 10.11%, down 687.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 13.49% (up 58.0% YoY), and the FY2025 annual result was 14.64%, up 313.0% from the prior year.
- EBITDA Margin slipped to 10.11% in Q1 2026 per PGR's latest filing, from 12.6% in the prior quarter.
- Over five years, EBITDA Margin peaked at 25.39% in Q4 2023 and troughed at 11.86% in Q2 2022.
- A 5-year average of 8.03% and a median of 9.11% in 2024 frame the typical range for EBITDA Margin.
- The sharpest annual moves came in 2023 and 2024: EBITDA Margin jumped 1682 bps in 2023, then sank 2003 bps in 2024.
- A 5-year view of EBITDA Margin shows it stood at 8.57% in 2022, then jumped by 196 bps to 25.39% in 2023, then tumbled by 79 bps to 5.37% in 2024, then soared by 135 bps to 12.6% in 2025, then retreated by 20 bps to 10.11% in 2026.
- Business Quant data shows PGR's EBITDA Margin at 10.11% in Q1 2026, 12.6% in Q4 2025, and 13.9% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 127.40 Bn | 119.98 Bn | 8.64 Bn | 9.37% |
| 2 | Progressive | 119.47 Bn | 115.12 Bn | 8.36 Bn | 10.11% |
| 3 | Travelers Companies | 65.26 Bn | 41.34 Bn | 5.54 Bn | 8.45% |
| 4 | Allstate | 57.33 Bn | 32.74 Bn | 14.72 Bn | 5.54% |
| 5 | Berkley W R | 26.90 Bn | 23.16 Bn | 2.72 Bn | 10.96% |
| 6 | Cincinnati Financial | 25.67 Bn | 24.41 Bn | 2.60 Bn | 12.21% |
| 7 | Markel | 22.97 Bn | 7.51 Bn | 2.38 Bn | -9.36% |
| 8 | Loews | 22.18 Bn | 9.92 Bn | -1.32 Bn | 71.45% |
| 9 | Assurant | 12.79 Bn | 10.87 Bn | 2.01 Bn | 5.74% |
| 10 | Cna Financial | 11.84 Bn | 4.05 Bn | 2.33 Bn | 22.58% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 10.11% |
| Dec 31, 2025 | 12.60% |
| Sep 30, 2025 | 13.90% |
| Jun 30, 2025 | 17.74% |
| Mar 31, 2025 | 16.98% |
| Dec 31, 2024 | 5.37% |
| Sep 30, 2024 | 19.75% |
| Jun 30, 2024 | 9.11% |
| Mar 31, 2024 | 13.15% |
| Dec 31, 2023 | 25.39% |
| Sep 30, 2023 | 4.71% |
| Jun 30, 2023 | -0.72% |
| Mar 31, 2023 | 7.35% |
| Dec 31, 2022 | 8.57% |
| Sep 30, 2022 | -6.23% |
| Jun 30, 2022 | -11.86% |
| Mar 31, 2022 | -9.40% |
| Dec 31, 2021 | 5.20% |
| Sep 30, 2021 | -0.10% |
| Jun 30, 2021 | 7.40% |