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| 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 |