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Progressive Corp

Financial Services US PGR

258.23USD
1.21(0.47%)

Last update at 2024-11-21T15:00:00Z

Day Range

257.20259.90
LowHigh

52 Week Range

111.33165.57
LowHigh

Fundamentals

  • Previous Close 257.02
  • Market Cap92336.92M
  • Volume93928
  • P/E Ratio34.22
  • Dividend Yield0.73%
  • EBITDA3994.40M
  • Revenue TTM58661.40M
  • Revenue Per Share TTM100.31
  • Gross Profit TTM 1687.10M
  • Diluted EPS TTM4.61

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 922.10M 4210.00M 7173.20M 5160.30M 3163.60M
Minority interest - 0.00000M 0.00000M 9.70M 5.70M
Net income 721.50M 3350.90M 5704.60M 3970.30M 2615.30M
Selling general administrative - - - 178.90M 134.10M
Selling and marketing expenses - - - - -
Gross profit 49586.40M 47676.50M 42630.90M 38992.20M 31949.60M
Reconciled depreciation 336.60M 337.40M 331.80M 306.10M 262.40M
Ebit 1165.60M 4210.00M 6946.80M 4955.60M 3324.40M
Ebitda 1502.20M 4547.40M 7278.60M 5261.70M 3586.80M
Depreciation and amortization 336.60M 337.40M 331.80M 306.10M 262.40M
Non operating income net other - - - - -
Operating income 1165.60M 4210.00M 6946.80M 4955.60M 3324.40M
Other operating expenses 48664.30M 43466.50M 35464.90M 33837.40M 28791.10M
Interest expense 243.50M 218.60M 217.00M 189.70M 166.50M
Tax provision 200.60M 859.10M 1468.60M 1180.30M 542.60M
Interest income 243.50M 218.60M 217.00M 189.70M 166.50M
Net interest income -243.50000M -218.60000M -217.00000M -189.70000M -166.50000M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 200.60M 859.10M 1468.60M 1180.30M 542.60M
Total revenue 49586.40M 47676.50M 42638.10M 38997.70M 31954.70M
Total operating expenses -48420.79999M -43466.50000M -35691.30000M -34042.10000M 28491.00M
Cost of revenue 0.00001M 0.00001M 7.20M 5.50M 5.10M
Total other income expense net -243.50000M 691.80M 226.40M 204.70M 158.50M
Discontinued operations - - - - -
Net income from continuing ops 721.50M 3350.90M 5704.60M 3980.00M 2621.00M
Net income applicable to common shares 694.60M 3324.00M 5677.70M 3943.40M 2593.90M
Preferred stock and other adjustments - 26.90M 26.90M 26.90M 21.40M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 75465.00M 71132.30M 64098.30M 54895.30M 46575.00M
Intangible assets 86.30M 117.30M 171.40M 228.30M 294.60M
Earning assets - - - - -
Other current assets -65762.59999M -41471.90000M -39447.50000M -33110.30000M -28111.50000M
Total liab 59574.00M 52900.70M 47059.70M 41222.10M 35753.20M
Total stockholder equity 15891.00M 18231.60M 17038.60M 13673.20M 10821.80M
Deferred long term liab 63.40M 47.70M 25.30M 132.50M -
Other current liab -0.00006M -6010.60000M -4955.80000M -6462.10000M 21896.90M
Common stock 584.90M 584.40M 585.20M 584.60M 583.20M
Capital stock 1078.80M 1078.30M 1079.10M 1078.50M 1077.10M
Retained earnings 15721.20M 15339.70M 13354.90M 10679.60M 8386.60M
Other liab - 297.80M 7960.30M 9464.30M 5.90M
Good will 227.90M 452.70M 452.70M 452.70M 452.70M
Other assets -45397.60000M -41284.80000M -39371.00000M -32049.00000M 8362.50M
Cash 203.50M 187.10M 76.50M 226.20M 69.50M
Cash and equivalents - - - - -
Total current liabilities 5532.80M 6010.60M 4955.80M 6462.10M 31348.30M
Current deferred revenue 0.00006M - - - -
Net debt 6184.80M 4711.70M 5319.60M 4180.90M 4335.40M
Short term debt 0.00000M 4898.00M 499.40M 499.40M 4404.90M
Short long term debt - - - 499.40M 4404.90M
Short long term debt total 6388.30M 4898.80M 5396.10M 4407.10M 4404.90M
Other stockholder equity 1893.00M 1772.90M 1672.90M 1573.40M 1479.00M
Property plant equipment 1164.50M 1309.90M 1106.00M 1213.70M 1131.70M
Total current assets 65966.10M 59195.70M 54208.90M 45795.30M 8362.50M
Long term investments 53548.30M 51514.10M 47706.70M 39435.60M 33758.20M
Net tangible assets 15082.90M 17661.60M 15920.60M 12723.90M 9795.10M
Short term investments 49513.60M 44815.70M 42029.40M 34909.10M 29907.40M
Net receivables 16249.00M 14380.00M 12179.50M 10886.20M 6497.10M
Long term debt 6388.30M 4898.80M 5396.10M 4407.10M 4404.90M
Inventory - 187.10M - - 69.50M
Accounts payable 5532.80M 6010.60M 4955.80M 5962.70M 5046.50M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -2802.00000M 40.70M 931.70M 341.70M -120.90000M
Additional paid in capital - - - - -
Common stock total equity - 584.40M 585.20M 584.60M 583.20M
Preferred stock total equity - 493.90M 493.90M 493.90M 493.90M
Retained earnings total equity - 15339.70M 13354.90M 10679.60M 8386.60M
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other -0.00006M -0.00007M -86.90000M -70.30000M 2697.90M
Deferred long term asset charges - - - - -
Non current assets total 54896.50M 53221.40M 49260.40M 41149.00M 38212.50M
Capital lease obligations - - - - -
Long term debt total 6388.30M 4898.80M 5396.10M 4407.10M 4404.90M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -7956.20000M -2677.20000M -6029.90000M -4078.00000M -6804.90000M
Change to liabilities 1877.30M 2511.10M 1354.50M 2541.10M 2370.90M
Total cashflows from investing activities -7956.20000M -3119.80000M -6117.70000M -4338.30000M -7331.80000M
Net borrowings 1486.00M -520.00000M 986.30M 986.30M 1096.90M
Total cash from financing activities 1126.20M -4516.30000M -938.80000M -1770.90000M 846.70M
Change to operating activities 3212.20M 4076.90M 1594.70M 1339.30M 1556.00M
Net income 721.50M 3350.90M 5704.60M 3980.00M 2621.00M
Change in cash 18.80M 125.60M -150.90000M 152.40M -200.30000M
Begin period cash flow 202.10M 76.50M 227.40M 75.00M 275.30M
End period cash flow 220.90M 202.10M 76.50M 227.40M 75.00M
Total cash from operating activities 6848.80M 7761.70M 6905.60M 6261.60M 6284.80M
Issuance of capital stock - - 0.00000M 0.00000M 493.90M
Depreciation 336.60M 337.40M 331.80M 306.10M 262.40M
Other cashflows from investing activities -7664.20000M 47.90M 135.70M 103.20M -260.90000M
Dividends paid 260.80M 3773.30M 1577.80M 1670.00M 668.40M
Change to inventory - 6670.90M 3286.80M 3985.20M 3819.40M
Change to account receivables -1869.00000M -1655.50000M -1293.30000M -1693.00000M -1497.30000M
Sale purchase of stock -99.00000M -223.00000M -111.60000M -91.30000M -79.00000M
Other cashflows from financing activities 1486.00M -0.00075M 750.60M -9.60000M 1631.20M
Change to netincome 2233.90M -1281.80000M -1528.10000M -928.00000M 514.80M
Capital expenditures 292.00M 243.50M 223.50M 363.50M 266.00M
Change receivables - -1730.40000M -1034.90000M -2009.80000M -1603.70000M
Cash flows other operating - 4660.50M 1976.80M 2338.90M 2085.10M
Exchange rate changes - - - - -
Cash and cash equivalents changes - 125.60M -150.90000M 152.40M -200.30000M
Change in working capital 3556.80M 5355.20M 2296.40M 2870.20M 2852.30M
Stock based compensation 122.70M 100.70M 89.40M 90.20M 77.20M
Other non cash items 2111.20M -1382.50000M -1516.60000M -984.90000M 477.60M
Free cash flow 6556.80M 7518.20M 6682.10M 5898.10M 6018.80M

Peer Comparison

Sector: Financial Services Industry: Insurance - Property & Casualty

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x)
PGR
Progressive Corp
1.21 0.47% 258.23 34.22 20.33 1.55 5.46 1.70
CB
Chubb Ltd
1.64 0.58% 284.48 12.92 10.49 1.85 1.73 2.18
TKOMF
Tokio Marine Holdings Inc.
- -% 38.20 14.81 10.00 0.0069 1.59 0.0064
TKOMY
Tokio Marine Holdings Inc
- -% 36.32 14.42 10.09 0.007 1.61 0.0064
TRV
The Travelers Companies Inc
0.89 0.35% 258.08 20.20 10.47 1.05 2.10 1.23

Reports Covered

Stock Research & News

Profile

The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, general liability, and other specialty property-casualty insurance products and related services in the United States. It operates in three segments: Personal Lines, Commercial Lines, and Property. The Personal Lines segment writes insurance for personal autos and recreational vehicles (RV). This segment's products include personal auto insurance; and special lines products, including insurance for motorcycles, ATVs, RVs, watercrafts, snowmobiles, and related products. The Commercial Lines segment provides auto-related liability and physical damage insurance, and business-related general liability and property insurance for autos, vans, pick-up trucks, and dump trucks used by small businesses; tractors, trailers, and straight trucks primarily used by regional general freight and expeditor-type businesses, and long-haul operators; dump trucks, log trucks, and garbage trucks used by dirt, sand and gravel, logging, garbage/debris removal, and coal-type businesses; and tow trucks and wreckers used in towing services and gas/service station businesses; as well as non-fleet and airport taxis, and black-car services. The Property segment writes residential property insurance for homeowners, other property owners, and renters, as well as offers manufactured homes, personal umbrella insurance, and primary and excess flood insurance. The company offers policy issuance and claims adjusting services; and acts as an agent to homeowners, general liability, workers' compensation insurance, and other products. It also provides reinsurance services. The company sells its products through independent insurance agencies, as well as through mobile applications and over the phone. The Progressive Corporation was founded in 1937 and is headquartered in Mayfield Village, Ohio.

Progressive Corp

6300 Wilson Mills Road, Mayfield, OH, United States, 44143

Key Executives

Name Title Year Born
Ms. Susan Patricia Griffith Pres, CEO & Director 1964
Mr. John Peter Sauerland VP & CFO 1964
Ms. Remi Kent Chief Marketing Officer 1976
Mr. Patrick K. Callahan Pres of Personal Lines 1970
Mr. Jonathan S. Bauer Chief Investment Officer 1978
Ms. Mariann Wojtkun Marshall VP, Chief Accounting Officer & Assistant Sec. 1962
Mr. Steven Anthony Broz Chief Information Officer 1970
Douglas S. Constantine Director of Investor Relations NA
Mr. Daniel Peter Mascaro VP, Chief Legal Officer & Sec. 1963
William L. Clawson II Chief HR Officer 1970

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