Progressive (PGR) EBT Margin (2009 - 2026)
Progressive (PGR) posted quarterly EBT Margin of 17.83% for Q2 2026, down 27.0% year-over-year from 24.42% in Q2 2025, and up 10.93% on a QoQ basis from 16.07% in Q1 2026.
Analysis
Progressive (PGR) EBT Margin (2009 - 2026) Analysis & Trends
Progressive has reported EBT Margin for 18 years, with the latest figure at 17.83% in Q2 2026.
- EBT Margin for Q2 2026 came in at 17.83%, down 27.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 16.23% (up 30.0% YoY), and the FY2025 annual result was 16.22%, up 201.0% from the prior year.
- EBT Margin climbed to 17.83% in Q2 2026, from 16.07% in the prior quarter.
- Over five years, EBT Margin peaked at 18.1% in Q2 2025 and troughed at 5.52% in Q2 2022.
- A 5-year average of 10.71% and a median of 14.7% in 2024 frame the typical range for EBT Margin.
- The widest annual swing landed in 2022, when EBT Margin tumbled 1391 bps; it then jumped 1317 bps in 2024.
- A 5-year view of EBT Margin shows it stood at 7.61% in 2022, then jumped by 95 bps to 14.82% in 2023, then dropped by 1 bps to 14.63% in 2024, then grew by 11 bps to 16.19% in 2025, then grew by 10 bps to 17.83% in 2026.
- Per Business Quant data, the three most recent EBT Margin figures were 17.83% in Q2 2026, 16.07% in Q1 2026, and 16.19% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 131.15 Bn | 117.38 Bn | 9.13 Bn | 22.91% |
| 2 | Progressive | 128.80 Bn | 123.80 Bn | 9.04 Bn | 17.83% |
| 3 | Travelers Companies | 76.99 Bn | 53.24 Bn | 6.23 Bn | 22.77% |
| 4 | Allstate | 66.35 Bn | 27.62 Bn | 16.28 Bn | 22.27% |
| 5 | Fairfax Financial Holdings | 35.82 Bn | 35.82 Bn | - | - |
| 6 | Cincinnati Financial | 26.40 Bn | 24.51 Bn | 2.39 Bn | 36.87% |
| 7 | Markel | 22.75 Bn | 5.86 Bn | 2.83 Bn | 37.78% |
| 8 | Loews | 22.37 Bn | 67.62 Mn | 2.57 Bn | 12.93% |
| 9 | Assurant | 14.04 Bn | 12.01 Bn | 2.71 Bn | 10.91% |
| 10 | Cna Financial | 13.14 Bn | 5.36 Bn | 3.44 Bn | 10.58% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 17.83% |
| Mar 31, 2026 | 16.07% |
| Dec 31, 2025 | 16.19% |
| Sep 30, 2025 | 14.76% |
| Jun 30, 2025 | 18.10% |
| Mar 31, 2025 | 15.86% |
| Dec 31, 2024 | 14.63% |
| Sep 30, 2024 | 14.94% |
| Jun 30, 2024 | 10.26% |
| Mar 31, 2024 | 17.05% |
| Dec 31, 2023 | 14.82% |
| Sep 30, 2023 | 9.06% |
| Jun 30, 2023 | 2.84% |
| Mar 31, 2023 | 3.88% |
| Dec 31, 2022 | 7.61% |
| Sep 30, 2022 | 1.12% |
| Jun 30, 2022 | -5.52% |
| Mar 31, 2022 | 3.30% |
| Dec 31, 2021 | 9.64% |
| Sep 30, 2021 | 1.17% |