Progressive (PGR) EBT Margin (2009 - 2026)
Progressive (PGR) recorded EBT Margin of 17.83% in Q2 2026, down 0.27 percentage points from 18.10% a year earlier but up 1.76 percentage points from the prior quarter.
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Analysis
Progressive (PGR) EBT Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Progressive's EBT Margin came in at 16.23% as of Jun 30, 2026, up 0.30 percentage points year-over-year; for FY2025, it was 16.22%, up 2.01 percentage points from FY2024.
- Annual EBT Margin has increased for three straight years, though with a five-year change of -0.59 percentage points (FY2020 to FY2025).
- Across earlier years, EBT Margin came in at 14.21% in FY2024 (+6.32 pp), 7.90% in FY2023 (+6.04 pp), 1.86% in FY2022 (-6.97 pp) and 8.83% in FY2021 (-7.99 pp).
- Quarterly EBT Margin has ranged from -5.52% in Q2 2022 to 18.10% in Q2 2025 over the past five years.
- On a year-over-year basis, EBT Margin rose in four of the last eight quarters, with an average year-over-year change of +1.71 percentage points.
- Peak year-over-year performance for EBT Margin in the last five years was a gain of 13.17 percentage points in Q1 2024, against a drop of 16.40 percentage points in Q3 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 16.07% (Q1 2026), 16.19% (Q4 2025) and 14.76% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 140.04 Bn | 85.69 Bn | 8.67 Bn | 21.01% |
| 2 | Progressive | 132.33 Bn | 107.86 Bn | 8.29 Bn | 13.95% |
| 3 | Marsh & Mclennan Companies | 97.77 Bn | 89.93 Bn | - | 15.05% |
| 4 | Travelers Companies | 81.70 Bn | 59.18 Bn | 5.93 Bn | 19.09% |
| 5 | Manulife Financial | 75.38 Bn | -20.12 Bn | - | 14.27% |
| 6 | Arthur J. Gallagher | 72.26 Bn | 66.85 Bn | - | 12.95% |
| 7 | Aon | 71.52 Bn | 50.73 Bn | - | 14.92% |
| 8 | Metlife | 65.44 Bn | -41.34 Bn | 7.82 Bn | 5.40% |
| 9 | Allstate | 63.89 Bn | 23.73 Bn | 7.41 Bn | 15.09% |
| 10 | Aflac | 62.31 Bn | 38.67 Bn | 1.87 Bn | 15.13% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 13.95% |
| 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% |
API Access
Progressive EBT Margin 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=ebt-margin&ticker=PGR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-margin", "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=ebt-margin&ticker=PGR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();