Progressive (PGR) Intangibles (2014 - 2023)
Progressive (PGR) posted quarterly 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% on a QoQ basis from $77.8 million in Q2 2023.
Progressive (PGR) Intangibles (2014 - 2023) Analysis & Trends
Progressive has reported Intangibles for 10 years, with the latest figure 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 declined to $74.9 million in Q3 2023, 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 widest annual swing landed in 2022, when Intangibles sank 34.67%; it then decreased 18.41% in 2023.
- A 5-year view of Intangibles shows it stood at $228.3 million in 2019, then retreated by 24.92% to $171.4 million in 2020, then slumped by 31.56% to $117.3 million in 2021, then dropped by 26.43% to $86.3 million in 2022, then decreased by 13.21% to $74.9 million in 2023.
- Per Business Quant data, the three most recent Intangibles figures were $74.9 million in Q3 2023, $77.8 million in Q2 2023, and $80.9 million in Q1 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 134.88 Bn | 121.11 Bn | 9.13 Bn | 6.15 Bn |
| 2 | Progressive | 124.62 Bn | 119.62 Bn | 9.04 Bn | - |
| 3 | Travelers Companies | 79.32 Bn | 55.57 Bn | 4.83 Bn | 325.00 Mn |
| 4 | Allstate | 67.93 Bn | 29.20 Bn | 16.28 Bn | - |
| 5 | Fairfax Financial Holdings | 35.56 Bn | 35.56 Bn | - | 8.14 Bn |
| 6 | Cincinnati Financial | 26.75 Bn | 24.86 Bn | 2.39 Bn | - |
| 7 | Loews | 23.29 Bn | 990.32 Mn | 2.57 Bn | - |
| 8 | Markel | 23.19 Bn | 6.30 Bn | 2.83 Bn | 1.46 Bn |
| 9 | Assurant | 14.09 Bn | 12.06 Bn | 2.71 Bn | 487.70 Mn |
| 10 | Cna Financial | 13.88 Bn | 6.10 Bn | 3.44 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |