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Last update at 2024-11-21T15:00:00Z
Funds Quietly Accumulate Amazon, Walmart Shares; Both Are In Buy Zones
Tue 12 Nov 24, 01:00 PMBrokers Suggest Investing in Progressive (PGR): Read This Before Placing a Bet
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Thu 17 Oct 24, 10:39 AMProgressive Third Quarter 2024 Earnings: Beats Expectations
Wed 16 Oct 24, 10:14 AMProgressive's quarterly profit more than doubles on strong insurance demand
Tue 15 Oct 24, 06:05 PMProgressive's Q3 Earnings & Revenues Top, Premiums Rise Y//Y
Tue 15 Oct 24, 04:49 PMBreakdown | 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 |
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 |
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.
6300 Wilson Mills Road, Mayfield, OH, United States, 44143
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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