• Progressive average pre-tax profit margin for 2023 was 4.92%, a 62.38% increase from 2022.
• Progressive average pre-tax profit margin for 2022 was 3.03%, a 77.18% increase from 2021.
• Progressive average pre-tax profit margin for 2021 was 13.28%, a 6.94% decline from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.