Progressive (PGR) Goodwill & Intangibles (2014 - 2023)
Progressive (PGR) recorded Goodwill & Intangibles of $302.8 million in Q3 2023, down 5.3% from $319.7 million a year earlier and down 0.9% from the prior quarter.
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Analysis
Progressive (PGR) Goodwill & Intangibles (2014 - 2023) Analysis & Trends
At the end of FY2022, Progressive reported Goodwill & Intangibles of $314.2 million, down 44.9% from FY2021.
- Annual Goodwill & Intangibles has declined for seven straight years, with a five-year compound annual growth rate of -17.4% (FY2017 to FY2022).
- Across earlier years, Goodwill & Intangibles came in at $570 million in FY2021 (-8.7%), $624.1 million in FY2020 (-8.4%), $681 million in FY2019 (-8.9%) and $747.3 million in FY2018 (-8.8%).
- The Q3 2023 figure is the lowest quarterly Goodwill & Intangibles since Q1 2015.
- On a year-over-year basis, Goodwill & Intangibles has declined for 30 consecutive quarters, with an average decline of 26.1% over the last eight quarters.
- The year-over-year decline in Goodwill & Intangibles has ranged between 5.3% (Q3 2023) and 45.7% (Q2 2022) over the last five years.
- Per Business Quant, the preceding three quarters came in at $305.7 million (Q2 2023), $308.8 million (Q1 2023) and $314.2 million (Q4 2022).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Chubb | 138.54 Bn | 85.12 Bn | 9.13 Bn |
| 2 | Progressive | 132.52 Bn | 108.35 Bn | 9.04 Bn |
| 3 | Marsh & Mclennan Companies | 94.26 Bn | 86.42 Bn | - |
| 4 | Travelers Companies | 84.42 Bn | 60.67 Bn | 6.23 Bn |
| 5 | Manulife Financial | 75.91 Bn | -18.97 Bn | - |
| 6 | Arthur J. Gallagher | 69.11 Bn | 63.52 Bn | - |
| 7 | Allstate | 64.98 Bn | 26.25 Bn | 8.73 Bn |
| 8 | Metlife | 64.85 Bn | -41.93 Bn | 7.82 Bn |
| 9 | Aon | 64.80 Bn | 58.01 Bn | - |
| 10 | Aflac | 61.06 Bn | 36.27 Bn | 2.27 Bn |
Historic Data
Download Data
Historic 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 |
API Access
Progressive Goodwill & Intangibles API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=goodwill-and-intangibles&ticker=PGR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "goodwill-and-intangibles", "ticker": "PGR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=goodwill-and-intangibles&ticker=PGR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();