Progressive (PGR) Goodwill & Intangibles (2014 - 2023)
Progressive (PGR) posted quarterly 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% on a QoQ basis from $305.7 million in Q2 2023.
Progressive (PGR) Goodwill & Intangibles (2014 - 2023) Analysis & Trends
Progressive has reported Goodwill & Intangibles for 10 years, with the latest figure 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 fell to $302.8 million in Q3 2023, 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 widest annual swing landed in 2022, when Goodwill & Intangibles sank 45.74%; it then dropped 5.29% in 2023.
- A 5-year view of Goodwill & Intangibles shows it stood at $681.0 million in 2019, then dropped by 8.36% to $624.1 million in 2020, then decreased by 8.67% to $570.0 million in 2021, then plunged by 44.88% to $314.2 million in 2022, then declined by 3.63% to $302.8 million in 2023.
- Per Business Quant data, the three most recent Goodwill & Intangibles figures were $302.8 million in Q3 2023, $305.7 million in Q2 2023, and $308.8 million in Q1 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Chubb | 134.85 Bn | 121.08 Bn | 9.13 Bn |
| 2 | Progressive | 124.79 Bn | 119.78 Bn | 9.04 Bn |
| 3 | Travelers Companies | 79.43 Bn | 55.68 Bn | 4.83 Bn |
| 4 | Allstate | 68.52 Bn | 29.79 Bn | 16.28 Bn |
| 5 | Fairfax Financial Holdings | 35.35 Bn | 35.35 Bn | - |
| 6 | Cincinnati Financial | 26.77 Bn | 24.88 Bn | 2.39 Bn |
| 7 | Loews | 23.30 Bn | 1.00 Bn | 2.57 Bn |
| 8 | Markel | 23.24 Bn | 6.35 Bn | 2.83 Bn |
| 9 | Assurant | 14.14 Bn | 12.10 Bn | 2.71 Bn |
| 10 | Cna Financial | 13.88 Bn | 6.10 Bn | 3.44 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 |