Progressive (FRA:PGV) Tax Rate % : 20.60% (As of Dec. 2023)

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What is Progressive Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Progressive's Tax Expense for the three months ended in Dec. 2023 was €473 Mil. Progressive's Pre-Tax Income for the three months ended in Dec. 2023 was €2,296 Mil. Therefore, Progressive's Tax Rate % for the quarter that ended in Dec. 2023 was 20.60%.

Progressive Tax Rate % Historical Data

The historical data trend for Progressive's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Progressive Tax Rate % Chart

Progressive Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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22.87

20.47

20.41

21.75

20.42

Progressive Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															19.21	20.73	20.49	20.60	20.70

Progressive Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Progressive's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	918.192	/	4496.693
	=	20.42 %

Progressive's Tax Rate % for the quarter that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2023 )	/	Pre-Tax Income (Q: Dec. 2023 )
	=	472.805	/	2295.618
	=	20.60 %

Progressive Tax Rate % Related Terms

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Progressive (FRA:PGV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Progressive Corp (FRA:PGV) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

PGR:USA PGR:Mexico P1GR34:Brazil

Address

6300 Wilson Mills Road, Mayfield Village, OH, USA, 44143

Website

https://www.progressive.com

Progressive underwrites private and commercial auto insurance and specialty lines; it has about 18 million personal auto policies in force and is one of the largest auto insurers in the United States. Progressive markets its policies through independent insurance agencies in the U.S. and Canada and directly via the internet and telephone. Its premiums are split roughly equally between the agent and the direct channel. The company also offers commercial auto policies and entered homeowners insurance through an acquisition in 2015.

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