Progressive (PGR) Gross Margin (2023 - 2026)
Progressive (PGR) reported Gross Margin of 37.68% for Q1 2026, up 42.0% year-over-year from 26.54% in Q1 2025, and down 0.81% quarter-over-quarter from 37.99% in Q4 2025.
Progressive (PGR) Gross Margin (2023 - 2026) Analysis & Trends
Progressive (PGR) has 4 years of Gross Margin data on file, last reported at 37.68% in Q1 2026.
- Gross Margin for Q1 2026 came in at 37.68%, up 42.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 36.14% (up 171.0% YoY), and the FY2025 annual result was 38.45%, up 354.0% from the prior year.
- Gross Margin eased to 37.68% in Q1 2026 per PGR's latest filing, from 37.99% in the prior quarter.
- Over five years, Gross Margin peaked at 37.99% in Q4 2025 and troughed at 14.68% in Q4 2023.
- A 4-year average of 31.26% and a median of 34.26% in 2025 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2024 and 2025: Gross Margin jumped 2128 bps in 2024, then slumped 105 bps in 2025.
- A 4-year view of Gross Margin shows it stood at 14.68% in 2023, then jumped by 145 bps to 35.97% in 2024, then increased by 6 bps to 37.99% in 2025, then dropped by 1 bps to 37.68% in 2026.
- Business Quant data shows PGR's Gross Margin at 37.68% in Q1 2026, 37.99% in Q4 2025, and 35.51% in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 127.40 Bn | 119.98 Bn | 8.64 Bn | 58.50% |
| 2 | Progressive | 119.47 Bn | 115.12 Bn | 8.36 Bn | 37.68% |
| 3 | Travelers Companies | 65.26 Bn | 41.34 Bn | 5.54 Bn | 46.48% |
| 4 | Allstate | 57.33 Bn | 32.74 Bn | 14.72 Bn | 86.87% |
| 5 | Berkley W R | 26.90 Bn | 23.16 Bn | 2.72 Bn | 73.70% |
| 6 | Cincinnati Financial | 25.67 Bn | 24.41 Bn | 2.60 Bn | 99.65% |
| 7 | Markel | 22.97 Bn | 7.51 Bn | 2.38 Bn | 67.14% |
| 8 | Loews | 22.18 Bn | 9.92 Bn | -1.32 Bn | -153.50% |
| 9 | Assurant | 12.79 Bn | 10.87 Bn | 2.01 Bn | 72.35% |
| 10 | Cna Financial | 11.84 Bn | 4.05 Bn | 2.33 Bn | 86.30% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 37.68% |
| Dec 31, 2025 | 37.99% |
| Sep 30, 2025 | 35.51% |
| Jun 30, 2025 | 33.01% |
| Mar 31, 2025 | 37.26% |
| Dec 31, 2024 | 35.97% |
| Sep 30, 2024 | 36.56% |
| Jun 30, 2024 | 26.81% |
| Mar 31, 2024 | 32.06% |
| Dec 31, 2023 | 14.68% |
| Sep 30, 2023 | 26.82% |
| Jun 30, 2023 | 20.73% |