Progressive (PGR) Net Margin (2009 - 2026)
Progressive (PGR) reported Net Margin of 14.02% for Q2 2026, down 0.40 percentage points from 14.43% a year earlier but up 1.32 percentage points from the prior quarter.
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Analysis
Progressive (PGR) Net Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Progressive's Net Margin came in at 12.84%, up 0.18 percentage points year-over-year; for FY2025, it was 12.90%, up 1.67 percentage points from FY2024.
- Net Margin has increased for three consecutive years, though with a five-year change of -0.41 percentage points (FY2020 to FY2025).
- By year, Net Margin came in at 11.23% in FY2024 (+5.01 pp), 6.22% in FY2023 (+4.82 pp), 1.40% in FY2022 (-5.57 pp) and 6.97% in FY2021 (-6.34 pp).
- Five-year quarterly Net Margin spans a low of -4.77% in Q2 2022 and a high of 14.43% in Q2 2025.
- Year over year, Net Margin gained in four of the last eight quarters, with an average year-over-year change of +1.38 percentage points.
- The high point for year-over-year Net Margin in five years was Q1 2024 (a gain of 10.34 percentage points); the low point was Q3 2021 (a drop of 12.98 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 12.70% (Q1 2026), 12.97% (Q4 2025) and 11.62% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 140.29 Bn | 85.93 Bn | 8.67 Bn | 17.56% |
| 2 | Progressive | 132.20 Bn | 107.72 Bn | 8.29 Bn | 10.96% |
| 3 | Marsh & Mclennan Companies | 96.60 Bn | 88.76 Bn | - | 11.77% |
| 4 | Travelers Companies | 82.11 Bn | 59.60 Bn | 5.93 Bn | 15.44% |
| 5 | Manulife Financial | 75.43 Bn | 8.45 Bn | - | - |
| 6 | Arthur J. Gallagher | 71.09 Bn | 65.68 Bn | - | 10.14% |
| 7 | Aon | 70.49 Bn | 49.69 Bn | - | 11.61% |
| 8 | Metlife | 65.52 Bn | -41.26 Bn | 7.82 Bn | 3.68% |
| 9 | Allstate | 64.49 Bn | 24.33 Bn | 7.41 Bn | 11.82% |
| 10 | Aflac | 62.39 Bn | 38.74 Bn | 1.87 Bn | 9.17% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 10.96% |
| 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% |
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();