Progressive (PGR) Net Margin (2009 - 2026)
Progressive's (PGR) quarterly Net Margin came in at 14.02% in Q2 2026, down 40.0% year-over-year from 23.37% in Q2 2025, and up 10.42% quarter-over-quarter from 12.7% in Q1 2026.
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Analysis
Progressive (PGR) Net Margin (2009 - 2026) Analysis & Trends
Progressive (PGR) has reported Net Margin for 18 consecutive years, with 14.02% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Net Margin fell 40.0% year-over-year to 14.02% in Q2 2026; TTM through Jun 2026 was 12.84%, a 18.0% increase from a year earlier, with the FY2025 full-year figure at 12.9%, up 167.0% from the prior year.
- Net Margin was 14.02% for Q2 2026 at Progressive, up 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.
- Across the five-year window, Net Margin slumped 1135 bps in 2022 and soared 1034 bps in 2024, its largest moves.
- Over 5 years, Net Margin stood at 6.09% in 2022, then jumped by 92 bps to 11.71% in 2023, then decreased by 1 bps to 11.62% in 2024, then increased by 12 bps to 12.97% in 2025, then rose by 8 bps to 14.02% in 2026.
- The last three Net Margin figures came in at 14.02% (Q2 2026), 12.7% (Q1 2026), and 12.97% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway | 1,085.11 Bn | 760.40 Bn | 55.86 Bn | 25.31% |
| 2 | Chubb | 129.51 Bn | 121.21 Bn | 9.13 Bn | 18.22% |
| 3 | Progressive | 120.30 Bn | 115.30 Bn | 9.04 Bn | 14.02% |
| 4 | Marsh & Mclennan Companies | 81.24 Bn | 69.29 Bn | 6.04 Bn | 17.44% |
| 5 | Travelers Companies | 75.54 Bn | 51.79 Bn | 6.23 Bn | 18.17% |
| 6 | Manulife Financial | 75.22 Bn | 76.43 Bn | - | 10.52% |
| 7 | Metlife | 61.21 Bn | 34.19 Bn | 7.82 Bn | 3.68% |
| 8 | Aon | 60.67 Bn | 59.43 Bn | - | 13.31% |
| 9 | Arthur J. Gallagher | 59.09 Bn | 57.73 Bn | - | 8.09% |
| 10 | Allstate | 58.28 Bn | 19.52 Bn | 16.28 Bn | 17.43% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 14.02% |
| Mar 31, 2026 | 12.70% |
| Dec 31, 2025 | 12.97% |
| Sep 30, 2025 | 11.62% |
| Jun 30, 2025 | 14.43% |
| Mar 31, 2025 | 12.58% |
| Dec 31, 2024 | 11.62% |
| Sep 30, 2024 | 11.84% |
| Jun 30, 2024 | 8.05% |
| Mar 31, 2024 | 13.42% |
| Dec 31, 2023 | 11.71% |
| 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% |
API Access
Progressive Net Margin 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=net-margin&ticker=PGR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "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=net-margin&ticker=PGR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();