Progressive (PGR) Tax Rate (2009 - 2026)

Progressive (PGR) posted quarterly Tax Rate of 20.98% for Q1 2026, up 30.0% YoY from 16.14% in Q1 2025, and up 5.65% sequentially from 19.85% in Q4 2025.

Progressive (PGR) Tax Rate (2009 - 2026) Analysis & Trends

Progressive has disclosed Tax Rate across 18 years of filings, most recently posting 20.98% for Q1 2026.

  • In Q1 2026, Tax Rate rose 30.0% year-over-year to 20.98%; the TTM figure through Mar 2026 stood at 20.57% (down 26.0% YoY), while the FY2025 annual figure was 20.49%, down 35.0% from the prior year.
  • Tax Rate grew to 20.98% in Q1 2026, from 19.85% in the prior quarter.
  • Over the last five years, Tax Rate for PGR reached as high as 21.56% in Q2 2024 and fell as low as 12.91% in Q3 2022.
  • The 5-year median for Tax Rate is 20.58% (2023), against an average of 19.66%.
  • Annual changes were most pronounced in 2022 — Tax Rate sank 630 bps — and 2023, when it jumped 757 bps.
  • A 5-year view of Tax Rate shows it stood at 19.34% in 2022, then rose by 6 bps to 20.58% in 2023, then rose by 0 bps to 20.59% in 2024, then retreated by 4 bps to 19.85% in 2025, then gained by 6 bps to 20.98% in 2026.
  • According to Business Quant data, Tax Rate over the past three periods registered 20.98%, 19.85%, and 21.31% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Markel 7,105.55 Bn 7,090.09 Bn 2.38 Bn 24.30%
2 Progressive 131.92 Bn 127.57 Bn 8.36 Bn 20.98%
3 Chubb 78.78 Bn 71.35 Bn 8.64 Bn 21.58%
4 Cincinnati Financial 74.32 Bn 73.06 Bn 2.60 Bn 15.95%
5 Travelers Companies 72.03 Bn 48.11 Bn 5.54 Bn 19.25%
6 Allstate 63.08 Bn 38.49 Bn 14.72 Bn 20.91%
7 Fairfax Financial Holdings 34.53 Bn 39.18 Bn - -29.23%
8 Loews 23.53 Bn 11.27 Bn -1.32 Bn 23.54%
9 Selective Insurance 20.82 Bn 19.07 Bn 543.42 Mn 24.49%
10 Assurant 13.63 Bn 11.71 Bn 2.01 Bn 18.33%

Historic Data

Download Data
DateValue
Mar 31, 2026 20.98%
Mar 31, 2026 20.98%
Dec 31, 2025 19.85%
Dec 31, 2025 19.85%
Sep 30, 2025 21.31%
Sep 30, 2025 21.31%
Jun 30, 2025 20.27%
Jun 30, 2025 20.27%
Mar 31, 2025 20.67%
Mar 31, 2025 20.67%
Dec 31, 2024 20.59%
Dec 31, 2024 20.59%
Sep 30, 2024 20.77%
Sep 30, 2024 20.77%
Jun 30, 2024 21.56%
Jun 30, 2024 21.56%
Mar 31, 2024 20.71%
Mar 31, 2024 20.71%
Dec 31, 2023 20.58%
Dec 31, 2023 20.58%