Progressive Corp (PGR) — Tangible Net Worth Ratio
Progressive Corp (PGR) has a Tangible Net Worth Ratio of 52.6% as of September 2025. This metric is calculated by deducting intangible assets ($2.16 Billion) from net assets ($4.57 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See Progressive Corp current assets vs equity to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Progressive Corp Tangible Net Worth Ratio (1985–2025)
This chart shows how Progressive Corp's Tangible Net Worth Ratio has changed across 41 annual periods from 1985 to 2025. As of September 2025, the ratio stands at 52.6%, reflecting net assets of $4.57 Billion with intangible assets of $2.16 Billion USD. See Progressive Corp liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Progressive Corp (1985–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Progressive Corp from 1985 to 2025, covering 41 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see Progressive Corp (PGR) total market value.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 100.0% | $4.57 Billion | $0.00 | $91.06 Billion | ▲ +7.7 pp |
| 2024 | 92.3% | $25.59 Billion | $1.96 Billion | $105.75 Billion | ▲ +0.7 pp |
| 2023 | 91.7% | $20.28 Billion | $1.69 Billion | $88.69 Billion | ▼ -7.8 pp |
| 2022 | 99.5% | $15.89 Billion | $86.30 Million | $75.47 Billion | ▲ +0.1 pp |
| 2021 | 99.4% | $18.23 Billion | $117.30 Million | $71.13 Billion | ▲ +0.4 pp |
| 2020 | 99.0% | $17.04 Billion | $171.40 Million | $64.10 Billion | ▲ +0.7 pp |
| 2019 | 98.3% | $13.67 Billion | $228.30 Million | $54.90 Billion | ▲ +1.1 pp |
| 2018 | 97.3% | $10.82 Billion | $294.60 Million | $46.58 Billion | ▲ +1.2 pp |
| 2017 | 96.1% | $9.28 Billion | $366.60 Million | $38.70 Billion | ▲ +1.5 pp |
| 2016 | 94.6% | $7.96 Billion | $432.80 Million | $33.43 Billion | ▲ +1.4 pp |
| 2015 | 93.2% | $7.29 Billion | $494.90 Million | $29.82 Billion | ▼ 0.0 pp |
| 2014 | 93.2% | $6.93 Billion | $468.50 Million | $25.79 Billion | ▲ +0.5 pp |
| 2013 | 92.8% | $6.19 Billion | $447.60 Million | $24.41 Billion | ▲ +0.0 pp |
| 2012 | 92.8% | $6.01 Billion | $434.50 Million | $22.69 Billion | ▼ -7.2 pp |
| 2011 | 100.0% | $5.81 Billion | $0.00 | $21.84 Billion | ▲ +0.0 pp |
| 2010 | 100.0% | $6.05 Billion | $0.00 | $21.15 Billion | ▲ +0.0 pp |
| 2009 | 100.0% | $5.75 Billion | $0.00 | $20.05 Billion | ▲ +0.0 pp |
| 2008 | 100.0% | $4.22 Billion | $0.00 | $18.25 Billion | ▲ +0.0 pp |
| 2007 | 100.0% | $4.94 Billion | $0.00 | $18.84 Billion | ▲ +0.0 pp |
| 2006 | 100.0% | $6.85 Billion | $0.00 | $19.48 Billion | ▲ +0.0 pp |
| 2005 | 100.0% | $6.11 Billion | $0.00 | $18.90 Billion | ▲ +0.0 pp |
| 2004 | 100.0% | $5.16 Billion | $0.00 | $17.18 Billion | ▲ +0.0 pp |
| 2003 | 100.0% | $5.03 Billion | $0.00 | $16.28 Billion | ▲ +0.0 pp |
| 2002 | 100.0% | $3.77 Billion | $0.00 | $13.56 Billion | ▲ +0.0 pp |
| 2001 | 100.0% | $3.25 Billion | $0.00 | $11.12 Billion | ▲ +0.0 pp |
| 2000 | 100.0% | $2.87 Billion | $0.00 | $10.05 Billion | ▲ +0.0 pp |
| 1999 | 100.0% | $2.75 Billion | $0.00 | $9.70 Billion | ▲ +0.0 pp |
| 1998 | 100.0% | $2.56 Billion | $0.00 | $8.46 Billion | ▲ +0.0 pp |
| 1997 | 100.0% | $2.14 Billion | $0.00 | $7.56 Billion | ▲ +0.0 pp |
| 1996 | 100.0% | $1.68 Billion | $0.00 | $6.18 Billion | ▲ +0.0 pp |
| 1995 | 100.0% | $1.48 Billion | $0.00 | $5.35 Billion | ▲ +0.0 pp |
| 1994 | 100.0% | $1.15 Billion | $0.00 | $4.68 Billion | ▲ +0.0 pp |
| 1993 | 100.0% | $997.90 Million | $0.00 | $4.01 Billion | ▲ +0.0 pp |
| 1992 | 100.0% | $629.00 Million | $0.00 | $3.01 Billion | ▲ +0.0 pp |
| 1991 | 100.0% | $465.70 Million | $0.00 | $2.98 Billion | ▲ +0.0 pp |
| 1990 | 100.0% | $408.50 Million | $0.00 | $1.09 Billion | ▲ +0.0 pp |
| 1989 | 100.0% | $435.20 Million | $0.00 | $2.65 Billion | ▲ +0.0 pp |
| 1988 | 100.0% | $417.20 Million | $0.00 | $2.31 Billion | ▲ +0.0 pp |
| 1987 | 100.0% | $395.00 Million | $0.00 | $1.79 Billion | ▲ +0.0 pp |
| 1986 | 100.0% | $311.40 Million | $0.00 | $1.27 Billion | ▲ +0.0 pp |
| 1985 | 100.0% | $118.40 Million | $0.00 | $810.80 Million | — |