Progressive (PGR) Intangibles (2014 - 2023)
Progressive's Intangibles came in at $74.9 million for Q3 2023, down 18.4% from $91.8 million a year earlier and down 3.7% from the prior quarter.
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Analysis
Progressive (PGR) Intangibles (2014 - 2023) Analysis & Trends
At the end of FY2022, Progressive's Intangibles was $86.3 million, down 26.4% from FY2021.
- Intangibles has declined in each of the last seven years, with a five-year compound annual growth rate of -25.1% (FY2017 to FY2022).
- Going back by year, Intangibles was $117.3 million in FY2021 (-31.6%), $171.4 million in FY2020 (-24.9%), $228.3 million in FY2019 (-22.5%) and $294.6 million in FY2018 (-19.6%).
- The Q3 2023 figure represents the lowest quarterly Intangibles since Q1 2015.
- Year-over-year, Intangibles has declined for 30 consecutive quarters, with an average decline of 27.0% over the last eight quarters.
- Over the past five years, the year-over-year decline in Intangibles ranged from 18.4% (Q3 2023) to 34.7% (Q1 2022).
- Business Quant data shows PGR's Intangibles at $77.8 million (Q2 2023), $80.9 million (Q1 2023) and $86.3 million (Q4 2022) in the three quarters before Q3 2023.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway | 1,082.55 Bn | -334.93 Bn | 55.86 Bn | 19.00 Bn |
| 2 | Chubb | 128.03 Bn | 80.09 Bn | 9.13 Bn | 6.15 Bn |
| 3 | Progressive | 122.38 Bn | 98.22 Bn | 9.04 Bn | - |
| 4 | Marsh & Mclennan Companies | 81.46 Bn | 73.20 Bn | - | 4.51 Bn |
| 5 | Travelers Companies | 75.77 Bn | 52.02 Bn | 6.23 Bn | 325.00 Mn |
| 6 | Manulife Financial | 73.91 Bn | 75.11 Bn | - | - |
| 7 | Metlife | 60.71 Bn | -45.77 Bn | 7.82 Bn | - |
| 8 | Aon | 58.53 Bn | 51.77 Bn | - | 5.66 Bn |
| 9 | Arthur J. Gallagher | 58.38 Bn | 52.82 Bn | - | 10.21 Bn |
| 10 | Allstate | 57.25 Bn | 18.50 Bn | 8.73 Bn | - |
Historic Data
Download Data
Historic 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 |
API Access
Progressive 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=intangibles&ticker=PGR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "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=intangibles&ticker=PGR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();