Company / Tangible Book Value per Share
Progressive Corporation Tangible Book Value per Share History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Tangible Book Value per Share
$51.61
FY2025
5-year range
$28.25 / $51.61
FY2021-FY2025
Trend
+19.5%
vs FY2024
Sector context
#73 of 376
Financials
What the data says
Progressive Corporation's tangible book value per share of $51.61 is higher than 81% of companies in the Financials sector (FY2025). Tangible Book Value per Share has increased for 5 consecutive years, from $22.53 in FY2020 to $51.61 in FY2025.
Based on SEC 10-K filings.
51.61 in FY2025 with a 5-year CAGR of +18.0%. Top quartile in the Financials sector.
Improved from $34.15 to $51.61 over the past 2 years.
Financials sector context is included.
Tangible Book Value per Share over time
Growth rates
- 3-Year CAGR
- +19.0%
- 5-Year CAGR
- +18.0%
- 10-Year CAGR
- -
Sector benchmark
-99.4% below sector average
Key checks
Key Insights
- Progressive Corporation's tangible book value per share has grown for 5 consecutive years.
- In FY2025, tangible book value per share increased 19.5% year-over-year.
- Ranks #73 out of 376 companies in the Financials sector.
- Lowest tangible book value per share in the period was in FY2016.
Company context
Key Data Points
- Altman Z-Score 1.04 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
- Strong return on equity: 30.2%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Tangible Book Value per ShareValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $51.61 | +19.5% |
| FY2024 | $43.20 | +26.5% |
| FY2023 | $34.15 | +11.5% |
| FY2022 | $30.64 | +8.5% |
| FY2021 | $28.25 | +25.3% |
| FY2020 | $22.53 | -0.2% |
| FY2019 | $22.57 | +49.5% |
| FY2018 | $15.10 | +18.5% |
| FY2017 | $12.74 | +10.8% |
| FY2016 | $11.50 | +7.1% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026