Progressive (PGR) Goodwill & Intangibles (2014 - 2023)
Progressive (PGR) reported Goodwill & Intangibles of $302.8 million for Q3 2023, down 5.29% year-over-year from $319.7 million in Q3 2022, and down 0.95% quarter-over-quarter from $305.7 million in Q2 2023.
Progressive (PGR) Goodwill & Intangibles (2014 - 2023) Analysis & Trends
Progressive (PGR) has 10 years of Goodwill & Intangibles data on file, last reported at $302.8 million in Q3 2023.
- Goodwill & Intangibles for Q3 2023 came in at $302.8 million, down 5.29% year-over-year; the trailing twelve-month figure through Sep 2023 was $302.8 million (down 5.29% YoY), and the FY2022 annual result was $314.2 million, down 44.88% from the prior year.
- Goodwill & Intangibles declined to $302.8 million in Q3 2023 per PGR's latest filing, from $305.7 million in the prior quarter.
- Over five years, Goodwill & Intangibles peaked at $729.4 million in Q1 2019 and troughed at $302.8 million in Q3 2023.
- A 5-year average of $536.5 million and a median of $599.2 million in 2021 frame the typical range for Goodwill & Intangibles.
- The sharpest annual moves came in 2022 and 2023: Goodwill & Intangibles sank 45.74% in 2022, then fell 5.29% in 2023.
- A 5-year view of Goodwill & Intangibles shows it stood at $681.0 million in 2019, then slipped by 8.36% to $624.1 million in 2020, then retreated by 8.67% to $570.0 million in 2021, then sank by 44.88% to $314.2 million in 2022, then dropped by 3.63% to $302.8 million in 2023.
- Business Quant data shows PGR's Goodwill & Intangibles at $302.8 million in Q3 2023, $305.7 million in Q2 2023, and $308.8 million in Q1 2023.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Chubb | 127.40 Bn | 119.98 Bn | 8.64 Bn |
| 2 | Progressive | 119.47 Bn | 115.12 Bn | 8.36 Bn |
| 3 | Travelers Companies | 65.26 Bn | 41.34 Bn | 5.54 Bn |
| 4 | Allstate | 57.33 Bn | 32.74 Bn | 14.72 Bn |
| 5 | Berkley W R | 26.90 Bn | 23.16 Bn | 2.72 Bn |
| 6 | Cincinnati Financial | 25.67 Bn | 24.41 Bn | 2.60 Bn |
| 7 | Markel | 22.97 Bn | 7.51 Bn | 2.38 Bn |
| 8 | Loews | 22.18 Bn | 9.92 Bn | -1.32 Bn |
| 9 | Assurant | 12.79 Bn | 10.87 Bn | 2.01 Bn |
| 10 | Cna Financial | 11.84 Bn | 4.05 Bn | 2.33 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2023 | 302.80 Mn |
| Jun 30, 2023 | 305.70 Mn |
| Mar 31, 2023 | 308.80 Mn |
| Dec 31, 2022 | 314.20 Mn |
| Sep 30, 2022 | 319.70 Mn |
| Jun 30, 2022 | 325.10 Mn |
| Mar 31, 2022 | 555.40 Mn |
| Dec 31, 2021 | 570.00 Mn |
| Sep 30, 2021 | 584.60 Mn |
| Jun 30, 2021 | 599.20 Mn |
| Mar 31, 2021 | 609.90 Mn |
| Dec 31, 2020 | 624.10 Mn |
| Sep 30, 2020 | 638.20 Mn |
| Jun 30, 2020 | 652.40 Mn |
| Mar 31, 2020 | 666.50 Mn |
| Dec 31, 2019 | 681.00 Mn |
| Sep 30, 2019 | 695.60 Mn |
| Jun 30, 2019 | 711.40 Mn |
| Mar 31, 2019 | 729.40 Mn |
| Dec 31, 2018 | 747.30 Mn |