The Progressive Corporation (PGR) Return on Invested Capital (ROIC): 20.74%
Is The Progressive Corporation’s return on invested capital (ROIC) high or low?
The Progressive Corporation's return on invested capital (ROIC) of 20.74% is 154% above its 5-year average of 8.16%, near the high end of its 5-year range (1.03%–20.74%).
The return on invested capital (ROIC) for The Progressive Corporation (PGR) is 20.74% as of Wednesday, June 10, 2026. It is above its 12-month average by 44.23% (14.38%).
PGR Return on Invested Capital (ROIC) Chart
PGR Average Return on Invested Capital (ROIC) Chart
PGR Current vs Average Return on Invested Capital (ROIC) Chart
PGR Return on Invested Capital (ROIC) Metrics
RETURN ON INVESTED CAPITAL (ROIC)
20.74%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
14.38%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
8.55%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
8.16%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
6.90%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
6.30%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
6.12%
CURRENT VS TTM AVG
+44.23%
CURRENT VS 3Y AVG
+142.64%
CURRENT VS 5Y AVG
+154.01%
CURRENT VS 10Y AVG
+200.74%
CURRENT VS 15Y AVG
+229.30%
CURRENT VS 20Y AVG
+239.15%
PGR Competitors' Return on Invested Capital (ROIC)
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| The Progressive Corporation (PGR) | — | 20.74% | 14.38% | 8.55% | 8.16% |
| S&P Global Inc. (SPGI) | $126.25B | 9.22% | 8.68% | 7.44% | 15.06% |
| Chubb Limited (CB) | $128.60B | 7.95% | 606.48% | 733.71% | 631.36% |
| CME Group Inc. (CME) | $95.06B | 1.62% | 5.06% | 5.96% | 5.84% |
| Marsh & McLennan Companies, Inc. (MMC) | $89.82B | 12.12% | 11.84% | 14.23% | 12.79% |
| The Charles Schwab Corporation (SCHW) | $156.50B | 9.50% | 7.55% | 7.32% | 6.89% |
| BlackRock, Inc. (BLK) | $156.77B | 3.27% | 3.80% | 4.01% | 3.73% |
| Intercontinental Exchange, Inc. (ICE) | $79.31B | 7.03% | 6.66% | 6.46% | 6.24% |
| Moody's Corporation (MCO) | $78.69B | 21.00% | 19.42% | 16.71% | 17.40% |
| iShares Russell 2000 ETF (IWM) | $77.63B | N/A | N/A | N/A | N/A |
Capital Efficiency
ROIC
20.7%
ROE
36.1%
The Progressive Corporation Return on Invested Capital (ROIC) Formula & Definition
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
The Progressive Corporation Return on Invested Capital (ROIC) FAQ
- What is the return on invested capital (ROIC) for The Progressive Corporation (PGR)?
- The return on invested capital (ROIC) for PGR stock is 20.74%.
- Is The Progressive Corporation's return on invested capital (ROIC) high or low?
- The Progressive Corporation's return on invested capital (ROIC) of 20.74% is 154% above its 5-year average of 8.16%, near the high end of its 5-year range (1.03%–20.74%).
- What is the TTM average return on invested capital (ROIC) for The Progressive Corporation (PGR)?
- The TTM average return on invested capital (ROIC) for PGR stock is 14.38%.
- What is the 3Y average return on invested capital (ROIC) for The Progressive Corporation (PGR)?
- The 3Y average return on invested capital (ROIC) for PGR stock is 8.55%.
- What is the 5Y average return on invested capital (ROIC) for The Progressive Corporation (PGR)?
- The 5Y average return on invested capital (ROIC) for PGR stock is 8.16%.
- What is the 10Y average return on invested capital (ROIC) for The Progressive Corporation (PGR)?
- The 10Y average return on invested capital (ROIC) for PGR stock is 6.90%.
- What is the 15Y average return on invested capital (ROIC) for The Progressive Corporation (PGR)?
- The 15Y average return on invested capital (ROIC) for PGR stock is 6.30%.
- What is the 20Y average return on invested capital (ROIC) for The Progressive Corporation (PGR)?
- The 20Y average return on invested capital (ROIC) for PGR stock is 6.12%.
The Progressive Corporation Return on Invested Capital (ROIC) History
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | 20.74% |
| 2024-12-31 | 8.02% |
| 2023-12-31 | 4.40% |
| 2022-12-31 | 1.03% |
| 2021-12-31 | 5.15% |
| 2020-12-31 | 9.65% |
| 2019-12-31 | 7.91% |
| 2018-12-31 | 6.31% |
| 2017-12-31 | 4.54% |
| 2016-12-31 | 3.42% |
| 2015-12-31 | 4.69% |
| 2014-12-31 | 5.36% |
| 2013-12-31 | 5.15% |
| 2012-12-31 | 4.29% |
| 2011-12-31 | 5.06% |
| 2010-12-31 | 5.05% |
| 2009-12-31 | 5.27% |
| 2008-12-31 | -0.38% |
| 2007-12-31 | 6.28% |
| 2006-12-31 | 8.46% |
| 2005-12-31 | 8.02% |
| 2004-12-31 | 10.40% |
| 2003-12-31 | 8.37% |
| 2002-12-31 | 4.92% |
| 2001-12-31 | 3.70% |
| 2000-12-31 | 0.32% |
| 1999-12-31 | 3.04% |
| 1998-12-31 | 5.40% |
| 1997-12-31 | 5.29% |
| 1996-12-31 | 5.07% |
Related Metrics
About The Progressive Corporation
The Progressive Corporation, an insurance holding company, offers a comprehensive range of insurance products and associated services across the United States. Its portfolio includes personal and commercial vehicle coverage, residential and commercial property protection, general liability, and various other specialized property-casualty insurance options. The company's operations are structured into three main divisions: Personal Lines, Commercial Lines, and Property. Within the Personal Lines segment, Progressive provides coverage for individual automobiles and recreational vehicles. Offerings range from standard personal auto policies to specialized options for motorcycles, all-terrain vehicles (ATVs), RVs, watercraft, snowmobiles, and similar forms of personal transport. The Commercial Lines division focuses on providing primary liability and physical damage insurance for business vehicles, alongside general liability and property insurance tailored for commercial applications. This segment insures a diverse array of vehicles, including cars, vans, pickup trucks, and dump trucks for small businesses; tractors, trailers, and straight trucks for regional freight, expedited shipping, and long-haul transport companies; heavy-duty vehicles like dump trucks, log trucks, and garbage trucks used in industries such as construction, logging, and mining; and tow trucks and wreckers for towing and service stations, as well as various non-fleet taxis and premium car services. The Property segment offers residential insurance solutions for homeowners, other property owners, and renters. Its portfolio further extends to include personal umbrella policies and both primary and excess flood insurance. Beyond underwriting, the company facilitates policy issuance and claims adjusting. It also serves as an agent for various additional insurance products, such as homeowner general liability and workers' compensation, and provides reinsurance services. Progressive's products are distributed through independent insurance agencies, as well as directly to consumers via its online platforms (including mobile access) and telephone channels. Established in 1937, The Progressive Corporation maintains its headquarters in Mayfield, Ohio.
- Sector
- Financial Services
- Industry
- Insurance - Property & Casualty
- CEO
- Susan Patricia Griffith