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| 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 |