Progressive (PGR) Goodwill & Intangibles (2014 - 2023)

Progressive (PGR) posted quarterly Goodwill & Intangibles of $302.8 million for Q3 2023, down 5.29% YoY from $319.7 million in Q3 2022, and down 0.95% sequentially from $305.7 million in Q2 2023.

Progressive (PGR) Goodwill & Intangibles (2014 - 2023) Analysis & Trends

Progressive has disclosed Goodwill & Intangibles across 10 years of filings, most recently posting $302.8 million for Q3 2023.

  • In Q3 2023, Goodwill & Intangibles fell 5.29% year-over-year to $302.8 million; the TTM figure through Sep 2023 stood at $302.8 million (down 5.29% YoY), while the FY2022 annual figure was $314.2 million, down 44.88% from the prior year.
  • Goodwill & Intangibles retreated to $302.8 million in Q3 2023, from $305.7 million in the prior quarter.
  • Over the last five years, Goodwill & Intangibles for PGR reached as high as $729.4 million in Q1 2019 and fell as low as $302.8 million in Q3 2023.
  • The 5-year median for Goodwill & Intangibles is $599.2 million (2021), against an average of $536.5 million.
  • Annual changes were most pronounced in 2022 — Goodwill & Intangibles tumbled 45.74% — and 2023, when it fell 5.29%.
  • 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 tumbled by 44.88% to $314.2 million in 2022, then dropped by 3.63% to $302.8 million in 2023.
  • According to Business Quant data, Goodwill & Intangibles over the past three periods registered $302.8 million, $305.7 million, and $308.8 million for Q3 2023, Q2 2023, and Q1 2023 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Markel 7,105.55 Bn 7,090.09 Bn 2.38 Bn
2 Progressive 131.92 Bn 127.57 Bn 8.36 Bn
3 Chubb 78.78 Bn 71.35 Bn 8.64 Bn
4 Cincinnati Financial 74.32 Bn 73.06 Bn 2.60 Bn
5 Travelers Companies 72.03 Bn 48.11 Bn 5.54 Bn
6 Allstate 63.08 Bn 38.49 Bn 14.72 Bn
7 Fairfax Financial Holdings 34.53 Bn 39.18 Bn -
8 Loews 23.53 Bn 11.27 Bn -1.32 Bn
9 Selective Insurance 20.82 Bn 19.07 Bn 543.42 Mn
10 Assurant 13.63 Bn 11.71 Bn 2.01 Bn

Historic Data

Download Data
DateValue
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