Progressive (PGR) Net Margin (2009 - 2026)
Progressive (PGR) posted quarterly Net Margin of 14.02% for Q2 2026, down 40.0% year-over-year from 23.37% in Q2 2025, and up 10.42% on a QoQ basis from 12.7% in Q1 2026.
Progressive (PGR) Net Margin (2009 - 2026) Analysis & Trends
Progressive has reported Net Margin for 18 years, with the latest figure at 14.02% in Q2 2026.
- Net Margin for Q2 2026 came in at 14.02%, down 40.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 12.84% (up 18.0% YoY), and the FY2025 annual result was 12.9%, up 167.0% from the prior year.
- Net Margin rose to 14.02% in Q2 2026, from 12.7% in the prior quarter.
- Over five years, Net Margin peaked at 14.43% in Q2 2025 and troughed at 4.77% in Q2 2022.
- A 5-year average of 8.45% and a median of 11.62% in 2025 frame the typical range for Net Margin.
- The widest annual swing landed in 2022, when Net Margin sank 1135 bps; it then surged 1034 bps in 2024.
- A 5-year view of Net Margin shows it stood at 6.09% in 2022, then soared by 92 bps to 11.71% in 2023, then dropped by 1 bps to 11.62% in 2024, then gained by 12 bps to 12.97% in 2025, then advanced by 8 bps to 14.02% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 14.02% in Q2 2026, 12.7% in Q1 2026, and 12.97% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 134.94 Bn | 121.18 Bn | 9.13 Bn | 18.22% |
| 2 | Progressive | 124.75 Bn | 119.75 Bn | 9.04 Bn | 14.02% |
| 3 | Travelers Companies | 79.38 Bn | 55.62 Bn | 4.83 Bn | 20.53% |
| 4 | Allstate | 68.03 Bn | 29.30 Bn | 16.28 Bn | 17.43% |
| 5 | Fairfax Financial Holdings | 35.66 Bn | 35.66 Bn | - | - |
| 6 | Cincinnati Financial | 26.77 Bn | 24.87 Bn | 2.39 Bn | 29.36% |
| 7 | Loews | 23.30 Bn | 998.54 Mn | 2.57 Bn | 9.95% |
| 8 | Markel | 23.24 Bn | 6.35 Bn | 2.83 Bn | 29.09% |
| 9 | Assurant | 14.10 Bn | 12.06 Bn | 2.71 Bn | 8.64% |
| 10 | Cna Financial | 13.90 Bn | 6.12 Bn | 3.44 Bn | 8.38% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 14.02% |
| Mar 31, 2026 | 13.44% |
| Dec 31, 2025 | 17.63% |
| Sep 30, 2025 | 12.54% |
| Jun 30, 2025 | 15.63% |
| Mar 31, 2025 | 13.23% |
| Dec 31, 2024 | 9.93% |
| Sep 30, 2024 | 12.76% |
| Jun 30, 2024 | 8.05% |
| Mar 31, 2024 | 13.42% |
| Dec 31, 2023 | 14.71% |
| Sep 30, 2023 | 7.14% |
| Jun 30, 2023 | 2.19% |
| Mar 31, 2023 | 3.08% |
| Dec 31, 2022 | 6.09% |
| Sep 30, 2022 | 0.92% |
| Jun 30, 2022 | -4.77% |
| Mar 31, 2022 | 2.59% |
| Dec 31, 2021 | 7.65% |
| Sep 30, 2021 | 0.94% |