Progressive (PGR) Intangibles (2014 - 2023)

Progressive (PGR) reported Intangibles of $74.9 million for Q3 2023, down 18.41% year-over-year from $91.8 million in Q3 2022, and down 3.73% quarter-over-quarter from $77.8 million in Q2 2023.

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

Progressive (PGR) has 10 years of Intangibles data on file, last reported at $74.9 million in Q3 2023.

  • Intangibles for Q3 2023 came in at $74.9 million, down 18.41% year-over-year; the trailing twelve-month figure through Sep 2023 was $74.9 million (down 18.41% YoY), and the FY2022 annual result was $86.3 million, down 26.43% from the prior year.
  • Intangibles eased to $74.9 million in Q3 2023 per PGR's latest filing, from $77.8 million in the prior quarter.
  • Over five years, Intangibles peaked at $276.7 million in Q1 2019 and troughed at $74.9 million in Q3 2023.
  • A 5-year average of $154.8 million and a median of $146.5 million in 2021 frame the typical range for Intangibles.
  • The sharpest annual moves came in 2022 and 2023: Intangibles sank 34.67% in 2022, then dropped 18.41% in 2023.
  • A 5-year view of Intangibles shows it stood at $228.3 million in 2019, then fell by 24.92% to $171.4 million in 2020, then tumbled by 31.56% to $117.3 million in 2021, then slipped by 26.43% to $86.3 million in 2022, then retreated by 13.21% to $74.9 million in 2023.
  • Business Quant data shows PGR's Intangibles at $74.9 million in Q3 2023, $77.8 million in Q2 2023, and $80.9 million in Q1 2023.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Intangibles (Qtr)
1 Chubb 127.40 Bn 119.98 Bn 8.64 Bn 6.22 Bn
2 Progressive 119.47 Bn 115.12 Bn 8.36 Bn -
3 Travelers Companies 65.26 Bn 41.34 Bn 5.54 Bn 331.00 Mn
4 Allstate 57.33 Bn 32.74 Bn 14.72 Bn -
5 Berkley W R 26.90 Bn 23.16 Bn 2.72 Bn -
6 Cincinnati Financial 25.67 Bn 24.41 Bn 2.60 Bn -
7 Markel 22.97 Bn 7.51 Bn 2.38 Bn 1.50 Bn
8 Loews 22.18 Bn 9.92 Bn -1.32 Bn -
9 Assurant 12.79 Bn 10.87 Bn 2.01 Bn 511.10 Mn
10 Cna Financial 11.84 Bn 4.05 Bn 2.33 Bn -

Historic Data

Download Data
DateValue
Sep 30, 2023 74.90 Mn
Jun 30, 2023 77.80 Mn
Mar 31, 2023 80.90 Mn
Dec 31, 2022 86.30 Mn
Sep 30, 2022 91.80 Mn
Jun 30, 2022 97.20 Mn
Mar 31, 2022 102.70 Mn
Dec 31, 2021 117.30 Mn
Sep 30, 2021 131.90 Mn
Jun 30, 2021 146.50 Mn
Mar 31, 2021 157.20 Mn
Dec 31, 2020 171.40 Mn
Sep 30, 2020 185.50 Mn
Jun 30, 2020 199.70 Mn
Mar 31, 2020 213.80 Mn
Dec 31, 2019 228.30 Mn
Sep 30, 2019 242.90 Mn
Jun 30, 2019 258.70 Mn
Mar 31, 2019 276.70 Mn
Dec 31, 2018 294.60 Mn