Progressive (PGR) Invested Capital (2009 - 2026)
Progressive (PGR) posted Invested Capital of $42.72 billion for Q2 2026, up 8.2% from $39.5 billion a year earlier and up 5.7% from the prior quarter.
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Analysis
Progressive (PGR) Invested Capital (2009 - 2026) Analysis & Trends
For FY2025, Progressive's Invested Capital came in at $37.22 billion, up 14.6% from FY2024.
- Annual Invested Capital has increased for three consecutive years, with a five-year compound annual growth rate of 10.7% (FY2020 to FY2025).
- In prior years, Progressive's Invested Capital was $32.48 billion in FY2024 (+19.6%), $27.17 billion in FY2023 (+21.9%), $22.28 billion in FY2022 (-3.7%) and $23.13 billion in FY2021 (+3.1%).
- The Q2 2026 figure stands as the highest quarterly Invested Capital in data going back to Q4 2010.
- On a year-over-year basis, Invested Capital has increased in each of the last 13 quarters, with growth averaging 21.9% over the last eight quarters.
- The strongest year-over-year quarter for Invested Capital in the past five years was Q3 2024, with growth of 40.2%; the weakest was Q3 2022, with a decline of 9.8%.
- According to Business Quant data, Invested Capital for the three prior quarters was $40.43 billion (Q1 2026), $37.22 billion (Q4 2025) and $42.34 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway | 1,248.67 Bn | -185.49 Bn | 56.71 Bn | 894.41 Bn |
| 2 | Chubb | 141.22 Bn | 92.15 Bn | 8.67 Bn | 97.60 Bn |
| 3 | Progressive | 134.26 Bn | 109.78 Bn | 8.29 Bn | 42.87 Bn |
| 4 | Marsh & Mclennan Companies | 98.32 Bn | 90.72 Bn | - | 35.44 Bn |
| 5 | Travelers Companies | 82.09 Bn | 59.57 Bn | 5.93 Bn | 38.81 Bn |
| 6 | Manulife Financial | 75.36 Bn | -19.02 Bn | - | 85.29 Bn |
| 7 | Arthur J. Gallagher | 72.54 Bn | 67.17 Bn | 3.33 Bn | 36.81 Bn |
| 8 | Aon | 71.33 Bn | 50.56 Bn | - | 38.24 Bn |
| 9 | Allstate | 65.04 Bn | 22.10 Bn | -9.85 Bn | 39.81 Bn |
| 10 | Metlife | 64.67 Bn | -43.29 Bn | 9.05 Bn | 28.21 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 42.87 Bn |
| Jun 30, 2026 | 42.72 Bn |
| Mar 31, 2026 | 40.43 Bn |
| Dec 31, 2025 | 37.22 Bn |
| Sep 30, 2025 | 42.34 Bn |
| Jun 30, 2025 | 39.50 Bn |
| Mar 31, 2025 | 35.85 Bn |
| Dec 31, 2024 | 32.48 Bn |
| Sep 30, 2024 | 34.05 Bn |
| Jun 30, 2024 | 30.23 Bn |
| Mar 31, 2024 | 28.70 Bn |
| Dec 31, 2023 | 27.17 Bn |
| Sep 30, 2023 | 24.28 Bn |
| Jun 30, 2023 | 23.60 Bn |
| Mar 31, 2023 | 23.26 Bn |
| Dec 31, 2022 | 22.28 Bn |
| Sep 30, 2022 | 21.16 Bn |
| Jun 30, 2022 | 22.04 Bn |
| Mar 31, 2022 | 23.44 Bn |
| Dec 31, 2021 | 23.13 Bn |
API Access
Progressive Invested Capital 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=invested-capital&ticker=PGR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=PGR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();