Progressive (PGR) EBITDA Margin (2009 - 2026)
Progressive (PGR) posted quarterly EBITDA Margin of 10.11% for Q1 2026, down 687.0% YoY from 1.72% in Q1 2025, and down 19.71% sequentially from 12.6% in Q4 2025.
Progressive (PGR) EBITDA Margin (2009 - 2026) Analysis & Trends
Progressive has disclosed EBITDA Margin across 18 years of filings, most recently posting 10.11% for Q1 2026.
- In Q1 2026, EBITDA Margin fell 687.0% year-over-year to 10.11%; the TTM figure through Mar 2026 stood at 13.49% (up 58.0% YoY), while the FY2025 annual figure was 14.64%, up 313.0% from the prior year.
- EBITDA Margin declined to 10.11% in Q1 2026, from 12.6% in the prior quarter.
- Over the last five years, EBITDA Margin for PGR reached as high as 25.39% in Q4 2023 and fell as low as 11.86% in Q2 2022.
- The 5-year median for EBITDA Margin is 9.11% (2024), against an average of 8.03%.
- Annual changes were most pronounced in 2023 — EBITDA Margin jumped 1682 bps — and 2024, when it tumbled 2003 bps.
- 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 sank 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.
- According to Business Quant data, EBITDA Margin over the past three periods registered 10.11%, 12.6%, and 13.9% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Markel | 7,105.55 Bn | 7,090.09 Bn | 2.38 Bn | -9.36% |
| 2 | Progressive | 131.92 Bn | 127.57 Bn | 8.36 Bn | 10.11% |
| 3 | Chubb | 78.78 Bn | 71.35 Bn | 8.64 Bn | 9.37% |
| 4 | Cincinnati Financial | 74.32 Bn | 73.06 Bn | 2.60 Bn | 12.21% |
| 5 | Travelers Companies | 72.03 Bn | 48.11 Bn | 5.54 Bn | 8.45% |
| 6 | Allstate | 63.08 Bn | 38.49 Bn | 14.72 Bn | 5.54% |
| 7 | Fairfax Financial Holdings | 34.53 Bn | 39.18 Bn | - | - |
| 8 | Loews | 23.53 Bn | 11.27 Bn | -1.32 Bn | 71.45% |
| 9 | Selective Insurance | 20.82 Bn | 19.07 Bn | 543.42 Mn | 10.48% |
| 10 | Assurant | 13.63 Bn | 11.71 Bn | 2.01 Bn | 5.74% |
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% |