Discontinued — last reported Q4 '22

Other

Tax Benefit of Reclassification for Sale of Securities

Progressive Tax Benefit of Reclassification for Sale of Securities increased by 2300.0% to $24.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 212.1%, from -$21.40M to $24.00M. Over 4 years (FY 2021 to FY 2025), Tax Benefit of Reclassification for Sale of Securities shows a downward trend with a -19.0% CAGR.

Analysis

StatementIncome Statement
SectionOther
CategoryProfitability
SignalContext dependent
VolatilityModerate
First reportedQ1 2013
Last reportedQ4 2022

How to read this metric

Fluctuations reflect changes in the tax burden associated with investment portfolio turnover.

Detailed definition

This reflects the income tax expense or benefit associated with the reclassification of realized gains or losses on secu...

Peer comparison

Commonly found in the tax reconciliation notes of financial institutions.

Metric ID: is_nee_tax_benefit_reclassification_sale_of_securities

Historical Data

19 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Value$12.50M$9.70M$1.20M-$9.60M-$43.00M-$12.30M-$47.30M-$12.10M-$15.70M-$11.70M-$12.40M-$31.60M-$46.70M$7.70M-$21.40M-$6.00M$3.00M$1.00M$24.00M
QoQ Change-22.4%-87.6%-900.0%-347.9%+71.4%-284.6%+74.4%-29.8%+25.5%-6.0%-154.8%-47.8%+116.5%-377.9%+72.0%+150.0%-66.7%>999%
YoY Change-444.0%-226.8%<-999%-26.0%+63.5%+4.9%+73.8%-161.2%-197.5%+165.8%-72.6%+81.0%+106.4%-87.0%+212.1%
Range-$47.30M$24.00M
CAGR+15.6%
Avg YoY Growth-303.3%
Median YoY Growth-26.0%

Frequently Asked Questions

What is Progressive's tax benefit of reclassification for sale of securities?
Progressive (PGR) reported tax benefit of reclassification for sale of securities of $24.00M in Q4 2025.
How has Progressive's tax benefit of reclassification for sale of securities changed year-over-year?
Progressive's tax benefit of reclassification for sale of securities increased by 212.1% year-over-year, from -$21.40M to $24.00M.
What is the long-term trend for Progressive's tax benefit of reclassification for sale of securities?
Over 4 years (2021 to 2025), Progressive's tax benefit of reclassification for sale of securities has grown at a -19.0% compound annual growth rate (CAGR), from $51.10M to $22.00M.
What does tax benefit of reclassification for sale of securities mean?
The tax impact of reclassifying investment gains or losses into the income statement.

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