Progressive (PGR) FCF Margin (2012 - 2026)
Progressive (PGR) posted quarterly FCF Margin of 19.4% for Q1 2026, down 551.0% YoY from 4.3% in Q1 2025, and up 44.71% sequentially from 13.4% in Q4 2025.
Progressive (PGR) FCF Margin (2012 - 2026) Analysis & Trends
Progressive has disclosed FCF Margin across 15 years of filings, most recently posting 19.4% for Q1 2026.
- In Q1 2026, FCF Margin fell 551.0% year-over-year to 19.4%; the TTM figure through Mar 2026 stood at 19.07% (down 120.0% YoY), while the FY2025 annual figure was 19.62%, down 6.0% from the prior year.
- FCF Margin rose to 19.4% in Q1 2026, from 13.4% in the prior quarter.
- Over the last five years, FCF Margin for PGR reached as high as 25.91% in Q1 2024 and fell as low as 6.55% in Q4 2022.
- The 5-year median for FCF Margin is 18.59% (2024), against an average of 18.11%.
- Annual changes were most pronounced in 2022 — FCF Margin slumped 761 bps — and 2023, when it jumped 1096 bps.
- 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.
- According to Business Quant data, FCF Margin over the past three periods registered 19.4%, 13.4%, and 24.6% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Markel | 7,105.55 Bn | 7,090.09 Bn | 2.38 Bn | -0.88% |
| 2 | Progressive | 131.92 Bn | 127.57 Bn | 8.36 Bn | 19.40% |
| 3 | Chubb | 78.78 Bn | 71.35 Bn | 8.64 Bn | 26.72% |
| 4 | Cincinnati Financial | 74.32 Bn | 73.06 Bn | 2.60 Bn | 25.12% |
| 5 | Travelers Companies | 72.03 Bn | 48.11 Bn | 5.54 Bn | 18.33% |
| 6 | Allstate | 63.08 Bn | 38.49 Bn | 14.72 Bn | 20.79% |
| 7 | Fairfax Financial Holdings | 34.53 Bn | 39.18 Bn | - | - |
| 8 | Loews | 23.53 Bn | 11.27 Bn | -1.32 Bn | -15.38% |
| 9 | Selective Insurance | 20.82 Bn | 19.07 Bn | 543.42 Mn | 15.49% |
| 10 | Assurant | 13.63 Bn | 11.71 Bn | 2.01 Bn | 6.92% |
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% |