Progressive (PGR) Tax Rate (2009 - 2026)
Progressive (PGR) posted quarterly Tax Rate of 21.34% for Q2 2026, up 107.0% year-over-year from 10.31% in Q2 2025, and up 1.71% on a QoQ basis from 20.98% in Q1 2026.
Progressive (PGR) Tax Rate (2009 - 2026) Analysis & Trends
Progressive has reported Tax Rate for 18 years, with the latest figure at 21.34% in Q2 2026.
- Tax Rate for Q2 2026 came in at 21.34%, up 107.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 20.87% (up 32.0% YoY), and the FY2025 annual result was 20.49%, down 35.0% from the prior year.
- Tax Rate grew to 21.34% in Q2 2026, from 20.98% in the prior quarter.
- Over five years, Tax Rate peaked at 21.56% in Q2 2024 and troughed at 12.91% in Q3 2022.
- A 5-year average of 19.75% and a median of 20.59% in 2023 frame the typical range for Tax Rate.
- The widest annual swing landed in 2022, when Tax Rate tumbled 630 bps; it then surged 757 bps in 2023.
- A 5-year view of Tax Rate shows it stood at 19.34% in 2022, then gained by 6 bps to 20.58% in 2023, then gained by 0 bps to 20.59% in 2024, then decreased by 4 bps to 19.85% in 2025, then increased by 7 bps to 21.34% in 2026.
- Per Business Quant data, the three most recent Tax Rate figures were 21.34% in Q2 2026, 20.98% in Q1 2026, and 19.85% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 134.95 Bn | 121.18 Bn | 9.13 Bn | 20.47% |
| 2 | Progressive | 124.83 Bn | 119.83 Bn | 9.04 Bn | 21.34% |
| 3 | Travelers Companies | 79.44 Bn | 55.69 Bn | 4.83 Bn | 20.20% |
| 4 | Allstate | 68.51 Bn | 29.78 Bn | 16.28 Bn | 21.03% |
| 5 | Fairfax Financial Holdings | 35.35 Bn | 35.35 Bn | - | -20.41% |
| 6 | Cincinnati Financial | 26.76 Bn | 24.87 Bn | 2.39 Bn | 20.37% |
| 7 | Loews | 23.30 Bn | 996.48 Mn | 2.57 Bn | 23.04% |
| 8 | Markel | 23.21 Bn | 6.33 Bn | 2.83 Bn | 21.92% |
| 9 | Assurant | 14.14 Bn | 12.10 Bn | 2.71 Bn | 20.77% |
| 10 | Cna Financial | 13.87 Bn | 6.09 Bn | 3.44 Bn | 20.74% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 21.34% |
| Jun 30, 2026 | 21.34% |
| Jun 30, 2026 | 21.34% |
| Mar 31, 2026 | 20.98% |
| Mar 31, 2026 | 20.98% |
| Mar 31, 2026 | 20.98% |
| Dec 31, 2025 | 19.85% |
| Dec 31, 2025 | 19.85% |
| Dec 31, 2025 | 19.85% |
| Sep 30, 2025 | 21.31% |
| Sep 30, 2025 | 21.31% |
| Sep 30, 2025 | 21.31% |
| Jun 30, 2025 | 20.27% |
| Jun 30, 2025 | 20.27% |
| Jun 30, 2025 | 20.27% |
| Mar 31, 2025 | 20.67% |
| Mar 31, 2025 | 20.67% |
| Mar 31, 2025 | 20.67% |
| Dec 31, 2024 | 20.59% |
| Dec 31, 2024 | 20.59% |