The WACC of Progressive Corp (PGR) is 6.5%.
| Range | Selected | |
| Cost of equity | 5.70% - 7.50% | 6.60% |
| Tax rate | 20.50% - 21.00% | 20.75% |
| Cost of debt | 5.00% - 5.00% | 5.00% |
| WACC | 5.7% - 7.3% | 6.5% |
| Category | Low | High |
| Long-term bond rate | 3.9% | 4.4% |
| Equity market risk premium | 4.6% | 5.6% |
| Adjusted beta | 0.41 | 0.47 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 5.70% | 7.50% |
| Tax rate | 20.50% | 21.00% |
| Debt/Equity ratio | 0.05 | 0.05 |
| Cost of debt | 5.00% | 5.00% |
| After-tax WACC | 5.7% | 7.3% |
| Selected WACC | 6.5% | |