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
DateValue
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%