Progressive Corp/Oh
Progressive Corp/Oh returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
Not applicable to banks and insurers: these ratios use an industrial-company capital model.
ROCE
% · Annual / TTM
Not applicable to banks and insurers: these ratios use an industrial-company capital model.
ROIIC
% · Annual / TTM
Not applicable to banks and insurers: these ratios use an industrial-company capital model.
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Not applicable to banks and insurers: these ratios use an industrial-company capital model.
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | — | — | — | 34.94% | 9.73% | — |
| FY 2026 Q1 | Mar 31, 2026 | — | — | — | 37.9% | 9.9% | — |
| FY 2025 Q4 | Dec 31, 2025 | — | — | — | 40.45% | 9.89% | — |
| FY 2025 Q3 | Sep 30, 2025 | — | — | — | 34.23% | 9.45% | — |
| FY 2025 Q2 | Jun 30, 2025 | — | — | — | 37.29% | 9.78% | — |
| FY 2025 Q1 | Mar 31, 2025 | — | — | — | 34.34% | 8.48% | — |
| FY 2024 Q4 | Dec 31, 2024 | — | — | — | 36.9% | 8.72% | — |
| FY 2024 Q3 | Sep 30, 2024 | — | — | — | 36.29% | 8.5% | — |
| FY 2024 Q2 | Jun 30, 2024 | — | — | — | 34.26% | 7.63% | — |
| FY 2024 Q1 | Mar 31, 2024 | — | — | — | 29.67% | 6.63% | — |
| FY 2023 Q4 | Dec 31, 2023 | — | — | — | 21.37% | 4.75% | — |
| FY 2023 Q3 | Sep 30, 2023 | — | — | — | 16.83% | 3.4% | — |
| FY 2023 Q2 | Jun 30, 2023 | — | — | — | 10.59% | 2.24% | — |
| FY 2023 Q1 | Mar 31, 2023 | — | — | — | 4.88% | 1.11% | — |
| FY 2022 Q4 | Dec 31, 2022 | — | — | — | 4.07% | 0.98% | — |
| FY 2022 Q3 | Sep 30, 2022 | — | — | — | 4.98% | 1.16% | — |
| FY 2022 Q2 | Jun 30, 2022 | — | — | — | 4.81% | 1.19% | — |
| FY 2022 Q1 | Mar 31, 2022 | — | — | — | 12.37% | 3.14% | — |
| FY 2021 Q4 | Dec 31, 2021 | — | — | — | 18.85% | 4.96% | — |
| FY 2021 Q3 | Sep 30, 2021 | — | — | — | 22.08% | 6.01% | — |
| FY 2021 Q2 | Jun 30, 2021 | — | — | — | 30.88% | 8.49% | — |
| FY 2021 Q1 | Mar 31, 2021 | — | — | — | 40.13% | 10.66% | — |
| FY 2020 Q4 | Dec 31, 2020 | — | — | — | 36.97% | 9.59% | — |
| FY 2020 Q3 | Sep 30, 2020 | — | — | — | 31.4% | 8.7% | — |
| FY 2020 Q2 | Jun 30, 2020 | — | — | — | 29.12% | 7.94% | — |
| FY 2020 Q1 | Mar 31, 2020 | — | — | — | 26.89% | 6.82% | — |
| FY 2019 Q4 | Dec 31, 2019 | — | — | — | 32.2% | 7.83% | — |
| FY 2019 Q3 | Sep 30, 2019 | — | — | — | 24.15% | 6.36% | — |
| FY 2019 Q2 | Jun 30, 2019 | — | — | — | 26.5% | 6.87% | — |
| FY 2019 Q1 | Mar 31, 2019 | — | — | — | 26.29% | 6.6% | — |
| FY 2018 Q4 | Dec 31, 2018 | — | — | — | 25.8% | 6.13% | — |
| FY 2018 Q3 | Sep 30, 2018 | — | — | — | 27.54% | 6.93% | — |
| FY 2018 Q2 | Jun 30, 2018 | — | — | — | 22.15% | 5.55% | — |
| FY 2018 Q1 | Mar 31, 2018 | — | — | — | 20% | 4.95% | — |
| FY 2017 Q4 | Dec 31, 2017 | — | — | — | 18.47% | 4.41% | — |
| FY 2017 Q3 | Sep 30, 2017 | — | — | — | 16.1% | 3.86% | — |
| FY 2017 Q2 | Jun 30, 2017 | — | — | — | 16.33% | 4% | — |
| FY 2017 Q1 | Mar 31, 2017 | — | — | — | 14.89% | 3.65% | — |
| FY 2016 Q4 | Dec 31, 2016 | — | — | — | 13.52% | 3.26% | — |
| FY 2016 Q3 | Sep 30, 2016 | — | — | — | 12.58% | 3.08% | — |
| FY 2016 Q2 | Jun 30, 2016 | — | — | — | 13.92% | 3.45% | — |
| FY 2016 Q1 | Mar 31, 2016 | — | — | — | 16.67% | 4.27% | — |
| FY 2015 Q4 | Dec 31, 2015 | — | — | — | 17.83% | 4.56% | — |
| FY 2015 Q3 | Sep 30, 2015 | — | — | — | 18.16% | 4.68% | — |
| FY 2015 Q2 | Jun 30, 2015 | — | — | — | 18.73% | 4.84% | — |
| FY 2015 Q1 | Mar 31, 2015 | — | — | — | 18.41% | 4.9% | — |
| FY 2014 Q4 | Dec 31, 2014 | — | — | — | 19.53% | 5.1% | — |
| FY 2014 Q3 | Sep 30, 2014 | — | — | — | 17.64% | 4.8% | — |
| FY 2014 Q2 | Jun 30, 2014 | — | — | — | 17.23% | 4.65% | — |
| FY 2014 Q1 | Mar 31, 2014 | — | — | — | 18.37% | 4.92% | — |
| FY 2013 Q4 | Dec 31, 2013 | — | — | — | 19.11% | 4.95% | — |
| FY 2013 Q3 | Sep 30, 2013 | — | — | — | 16.7% | 4.65% | — |
| FY 2013 Q2 | Jun 30, 2013 | — | — | — | 18.1% | 4.98% | — |
| FY 2013 Q1 | Mar 31, 2013 | — | — | — | 15.08% | 4.16% | — |
| FY 2012 Q4 | Dec 31, 2012 | — | — | — | 15.28% | 4.05% | — |
| FY 2012 Q3 | Sep 30, 2012 | — | — | — | 14.71% | 3.99% | — |
| FY 2012 Q2 | Jun 30, 2012 | — | — | — | 12.4% | 3.52% | — |
| FY 2012 Q1 | Mar 31, 2012 | — | — | — | 14.48% | 4.16% | — |
| FY 2011 Q4 | Dec 31, 2011 | — | — | — | 17.13% | 4.72% | — |
| FY 2011 Q3 | Sep 30, 2011 | — | — | — | 16.89% | 4.79% | — |
| FY 2011 Q2 | Jun 30, 2011 | — | — | — | 18.47% | 5.4% | — |
| FY 2011 Q1 | Mar 31, 2011 | — | — | — | 18.12% | 5.33% | — |
| FY 2010 Q4 | Dec 31, 2010 | — | — | — | 18.11% | 5.19% | — |
| FY 2010 Q3 | Sep 30, 2010 | — | — | — | 17.59% | 5.11% | — |
| FY 2010 Q2 | Jun 30, 2010 | — | — | — | 19.28% | 5.33% | — |
| FY 2010 Q1 | Mar 31, 2010 | — | — | — | — | — | — |
| FY 2009 Q4 | Dec 31, 2009 | — | — | — | — | — | — |
| FY 2009 Q3 | Sep 30, 2009 | — | — | — | — | — | — |
| FY 2009 Q2 | Jun 30, 2009 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · PGR, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.