Progressive (PGR) FCF Margin (2012 - 2026)
Progressive (PGR) reported FCF Margin of 19.4% for Q1 2026, down 551.0% year-over-year from 4.3% in Q1 2025, and up 44.71% quarter-over-quarter from 13.4% in Q4 2025.
Progressive (PGR) FCF Margin (2012 - 2026) Analysis & Trends
Progressive (PGR) has 15 years of FCF Margin data on file, last reported at 19.4% in Q1 2026.
- FCF Margin for Q1 2026 came in at 19.4%, down 551.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 19.07% (down 120.0% YoY), and the FY2025 annual result was 19.62%, down 6.0% from the prior year.
- FCF Margin climbed to 19.4% in Q1 2026 per PGR's latest filing, from 13.4% in the prior quarter.
- Over five years, FCF Margin peaked at 25.91% in Q1 2024 and troughed at 6.55% in Q4 2022.
- A 5-year average of 18.11% and a median of 18.59% in 2024 frame the typical range for FCF Margin.
- The sharpest annual moves came in 2022 and 2023: FCF Margin plunged 761 bps in 2022, then jumped 1096 bps in 2023.
- A 5-year view of FCF Margin shows it stood at 6.55% in 2022, then jumped by 167 bps to 17.51% in 2023, then dropped by 18 bps to 14.29% in 2024, then slipped by 6 bps to 13.4% in 2025, then surged by 45 bps to 19.4% in 2026.
- Business Quant data shows PGR's FCF Margin at 19.4% in Q1 2026, 13.4% in Q4 2025, and 24.6% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 127.40 Bn | 119.98 Bn | 8.64 Bn | 26.72% |
| 2 | Progressive | 119.47 Bn | 115.12 Bn | 8.36 Bn | 19.40% |
| 3 | Travelers Companies | 65.26 Bn | 41.34 Bn | 5.54 Bn | 18.33% |
| 4 | Allstate | 57.33 Bn | 32.74 Bn | 14.72 Bn | 20.79% |
| 5 | Berkley W R | 26.90 Bn | 23.16 Bn | 2.72 Bn | 18.85% |
| 6 | Cincinnati Financial | 25.67 Bn | 24.41 Bn | 2.60 Bn | 25.12% |
| 7 | Markel | 22.97 Bn | 7.51 Bn | 2.38 Bn | -0.88% |
| 8 | Loews | 22.18 Bn | 9.92 Bn | -1.32 Bn | -15.38% |
| 9 | Assurant | 12.79 Bn | 10.87 Bn | 2.01 Bn | 6.92% |
| 10 | Cna Financial | 11.84 Bn | 4.05 Bn | 2.33 Bn | 14.07% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 19.40% |
| Dec 31, 2025 | 13.40% |
| Sep 30, 2025 | 24.60% |
| Jun 30, 2025 | 19.39% |
| Mar 31, 2025 | 24.91% |
| Dec 31, 2024 | 14.29% |
| Sep 30, 2024 | 23.08% |
| Jun 30, 2024 | 18.59% |
| Mar 31, 2024 | 25.91% |
| Dec 31, 2023 | 17.51% |
| Sep 30, 2023 | 21.74% |
| Jun 30, 2023 | 14.63% |
| Mar 31, 2023 | 16.82% |
| Dec 31, 2022 | 6.55% |
| Sep 30, 2022 | 15.02% |
| Jun 30, 2022 | 11.51% |
| Mar 31, 2022 | 20.52% |
| Dec 31, 2021 | 3.18% |
| Sep 30, 2021 | 19.24% |
| Jun 30, 2021 | 19.12% |