Progressive (PGR) Net Margin (2009 - 2026)

Progressive has disclosed Net Margin across 18 years of filings, most recently posting 12.7% for Q1 2026.

• In Q1 2026, Net Margin rose 12.0% year-over-year to 12.7%; the TTM figure through Mar 2026 stood at 13.43% (up 220.0% YoY), while the FY2025 annual figure was 12.9%, up 167.0% from the prior year.
• Net Margin eased to 12.7% in Q1 2026, from 12.97% in the prior quarter.
• Over the last five years, Net Margin for PGR reached as high as 15.63% in Q2 2025 and fell as low as 4.77% in Q2 2022.
• The 5-year median for Net Margin is 11.62% (2024), against an average of 8.51%.
• Annual changes were most pronounced in 2022 — Net Margin tumbled 1135 bps — and 2024, when it soared 1125 bps.
• A 5-year view of Net Margin shows it stood at 6.09% in 2022, then soared by 142 bps to 14.71% in 2023, then retreated by 21 bps to 11.62% in 2024, then rose by 12 bps to 12.97% in 2025, then decreased by 2 bps to 12.7% in 2026.
• According to Business Quant data, Net Margin over the past three periods registered 12.7%, 12.97%, and 12.54% for Q1 2026, Q4 2025, and Q3 2025 respectively.