| Market cap | $74.05B |
|---|---|
| Enterprise value | $122.52B |
| Revenue | $65.048B |
|---|---|
| EBITDA | $7.592B |
| Income | $5.739B |
| Revenue Q/Q | 20.55% |
| Revenue Y/Y | 24.92% |
| P/E | 21.40 |
|---|---|
| Forward P/E | 26.33 |
| EV/Sales | 1.88 |
| EV/EBITDA | 16.14 |
| EV/EBIT | 16.23 |
| PEG | 0.91 |
| Price/Sales | 1.14 |
| P/FCF | 6.06 |
| Price/Book | 3.65 |
| Book/Share | 57.43 |
| Cash/Share | N/A |
| FCF yield | 16.50% |
| Volume | 2.700M / N/A |
|---|---|
| Relative vol. | N/A |
| EPS | 9.80 |
|---|---|
| EPS Q/Q | 250.00% |
| Est. EPS Q/Q | 62.22% |
| Profit margin | 6.28% |
|---|---|
| Oper. margin | 11.63% |
| Gross margin | 26.49% |
| EBIT margin | 11.60% |
| EBITDA margin | 11.67% |
| Ret. on assets | 6.57% |
|---|---|
| Ret. on equity | 30.28% |
| ROIC | 6.30% |
| ROCE | 8.02% |
| Debt/Equity | 3.37 |
|---|---|
| Net debt/EBITDA | 3.55 |
| Current ratio | 0.39 |
| Quick ratio | 0.28 |
| Volatility | 1.73% |
|---|---|
| Beta | -0.12 |
| RSI | 51.10 |
|---|
| Insider ownership | 0.26% |
|---|---|
| Inst. ownership | 86.01% |
| Shares outst. | 585.698M |
|---|---|
| Shares float | 0.000 0.00% |
| Short % of float | 0.74% |
| Short ratio | 1.52 |
| Dividend | $0.40 |
|---|---|
| Dividend yield | 0.19% |
| Payout ratio | 4.08% |
| Payment date | N/A |
| Ex-dividend date | N/A |
| Earnings date | 16 Jul 2024 |
Thursday, 13 June 2024
|
|
| Auto Insurance Costs Dip in May: Key Industry Reports Ahead | |
Friday, 24 May 2024
|
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| The City with the Most Expensive Car Insurance in the US | |
Tuesday, 7 May 2024
|
|
| Decoding Progressive Corp : A Strategic SWOT Insight | |
Friday, 3 May 2024
|
|
| Here’s Why Progressive was 31% Up in Q1 | |
Monday, 29 April 2024
|
|
| Progressive Insurance® Continued Growth Leads to More Than 10,000 Open Roles in 2024 | |
Friday, 19 April 2024
|
|
| Director Devin Johnson Sells 1,000 Shares of Progressive Corp | |
Monday, 25 March 2024
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Thursday, 21 March 2024
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Saturday, 16 March 2024
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| Why auto insurance costs are rising at the fastest rate in 47 years | |
Wednesday, 6 March 2024
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| 20 Cities Where You’re Most Likely To Get In A Car Accident | |
Sunday, 25 February 2024
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Thursday, 21 December 2023
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Thursday, 7 December 2023
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Monday, 27 November 2023
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Friday, 17 November 2023
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Friday, 10 November 2023
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| A $1,000 Investment 40 Years Ago in This Blue-Chip Stock Would Be Worth $1.5 Million Today | |
Sunday, 29 October 2023
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| 15 Best Car Insurance Companies of 2023 | |
Friday, 20 October 2023
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| New to Insurance? Here's Why I Would Buy Progressive Stock First | |
Tuesday, 17 October 2023
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| Reasons for the Surge of The Progressive Corporation | |
| This Insurance Stock Is Up 20% This Year. Here's Why It's Still a Buy. | |
| Insider |
Trans.
Transaction
|
Total value |
|---|---|---|
| Barbara R Snyder Director | Option 1 Jul 2024 | $158,771 |
| John P Sauerland Vice President and Chief Financial Officer | Sale 28 Jun 2024 | $2,104,000 |
| Steven Broz Chief Information Officer | Sale 24 Jun 2024 | $639,921 |
| Jonathan S. Bauer Chief Investment Officer | Sale 18 Jun 2024 | $428,028 |
| Mariann Wojtkun Marshall Chief Accounting Officer | Sale 17 Jun 2024 | $135,272 |
| John P Sauerland Vice President and Chief Financial Officer | Sale 29 May 2024 | $2,546,585 |
| Steven Broz Chief Information Officer | Sale 15 May 2024 | $1,525,567 |
| Devin C Johnson Director | Sale 17 Apr 2024 | $208,330 |
| Karen Bailo Commercial Lines President | Sale 5 Mar 2024 | $1,603,843 |
| Patrick K Callahan Personal Lines President | Sale 21 Feb 2024 | $5,645,966 |
| Andrew J Quigg Chief Strategy Officer | Sale 17 Jan 2024 | $93,251 |
Powered by
Robintrack.
Price target
Current $210.18
Average $99.50
Low $87
High $120
Dividends
| Ex-dividend date | N/A | Frequency | Quarterly | Annual dividend | +0.00% |
|---|---|---|---|---|---|
| Next dividend | N/A | Dividend yield | 0.19% | Growth period | 1 year |
| Last dividend date | Yield 3 years | 0.25% | Growth 3 years | -0.00% | |
| Last dividend | Yield 5 years | 1.46% | Growth 5 years | -18.68% |
| Insider | Age | Since | Compensation |
|---|---|---|---|
| Susan Griffith (55) President, Chief Executive Officer, and Director since 2016 | 55 | 2016 | $14,041,300 |
| Susan Patricia Griffith (57) Pres, CEO, and Director | 57 | $5,720,486 | |
| John Sauerland (55) Chief Financial Officer and Vice President since 2015 | 55 | 2015 | $4,568,450 |
| Patrick Callahan (49) Personal Lines and President since 2015 | 49 | 2015 | $3,229,830 |
| John Peter Sauerland (57) VP and CFO | 57 | $2,620,557 | |
| John Barbagallo (60) Commercial Lines President since 2015 | 60 | 2015 | $2,612,840 |
| Michael Charney (60) Chief Marketing Officer since 2010 | 60 | 2010 | $2,413,750 |
| Patrick K. Callahan (51) Pres of Personal Lines | 51 | $2,205,691 | |
| Michael David Sieger (59) Pres of Claims | 59 | $1,520,480 | |
| Lawton Fitt (66) Independent Chairperson of the Board since 2018 | 66 | 2018 | $470,025 |
| Roger Farah (67) Independent Director since 2008 | 67 | 2008 | $305,028 |
| Patrick Nettles (76) Independent Director since 2004 | 76 | 2004 | $300,035 |
| Charles Davis (71) Independent Director since 1996 | 71 | 1996 | $290,049 |
| Philip Bleser (65) Independent Director since 2017 | 65 | 2017 | $280,062 |
| Jeffrey Kelly (66) Independent Director since 2012 | 66 | 2012 | $275,071 |
| Stuart Burgdoerfer (57) Independent Director since 2009 | 57 | 2009 | $275,071 |
| Jan Tighe (57) Independent Director since 2019 | 57 | 2019 | $265,049 |
| Pamela Craig (63) Independent Director since 2018 | 63 | 2018 | $265,049 |
| Kahina Van Dyke (48) Independent Director since 2018 | 48 | 2018 | $265,009 |
| Barbara Snyder (64) Independent Director since 2014 | 64 | 2014 | $265,009 |
| Devin Johnson | 2020 | ||
| Andrew Quigg (40) Chief Strategy Officer since 2018 | 40 | 2018 | |
| Daniel Mascaro (56) ice President, Secretary, and Chief Legal Officer since 2017 | 56 | 2017 | |
| Steven Broz (49) Chief Information Officer since 2016 | 49 | 2016 | |
| Jonathan Bauer (42) Chief Investment Officer since 2020 | 42 | 2020 | |
| Mariann Marshall (57) Chief Accounting Officer and Vice President since 2019 | 57 | 2019 | |
| Lori Niederst (46) Chief Human Resource Officer since 2016 | 46 | 2016 | |
| Michael Sieger (58) President - Claims since 2015 | 58 | 2015 | |
| John Murphy (50) President - Customer Relationship Management since 2016 | 50 | 2016 | |
| William L. Clawson II (51) Chief HR Officer | 51 | ||
| Remi Kent (45) Chief Marketing Officer | 45 | ||
| Jonathan S. Bauer (43) Chief Investment Officer | 43 | ||
| M. Jeffrey Charney (61) Chief Marketing Officer | 61 | ||
| Daniel Peter Mascaro (58) VP, Chief Legal Officer, and Sec. | 58 | ||
| Douglas S. Constantine | |||
| Steven Anthony Broz (51) Chief Information Officer | 51 | ||
| Mariann Wojtkun Marshall (59) VP, Chief Accounting Officer, and Assistant Sec. | 59 |
progressive is a place where collaboration is encouraged, hard work is rewarded and creativity is celebrated. each of our employees has a role in our success and together, we continue to find new and better ways to satisfy our customers and move the insurance industry forward. with over 75 years of business, we ensure more than 13 million customers. people from all walks of life, all fields of business and all 50 states make up our diverse group of 26,000 talented professionals. with six large locations and hundreds of smaller claims and legal offices across the country, we collectively work toward our goal of becoming consumers’ number one choice for auto insurance.
- Finance > Property & Casualty Insurance
- Progressive Corp., 6300 Wilson Mills Road, Mayfield 44143, United States
- 440 461 5000
- Investor relations
Dividends
| Ex-dividend date | N/A | Frequency | Quarterly | Annual dividend | +0.00% |
|---|---|---|---|---|---|
| Next dividend | N/A | Dividend yield | 0.19% | Growth period | 1 year |
| Last dividend date | Yield 3 years | 0.25% | Growth 3 years | -0.00% | |
| Last dividend | Yield 5 years | 1.46% | Growth 5 years | -18.68% |
Quarterly EPS estimates
Profit margin
Debt to assets
Cash flow
Balance sheet
XSLX
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Current assets | |||||
| Cash | $167.9 | $99.6 | |||
| Short term investments | |||||
| Net receivables | $19,405.7 | $17,301.9 | |||
| Inventory | |||||
| Total current assets | |||||
| Long term investments | |||||
| Property, plant & equipment | $756.3 | $880.8 | |||
| Goodwill & intangible assets | |||||
| Total noncurrent assets | |||||
| Total investments | $69,038 | $65,998.6 | |||
| Total assets | $94,127.9 | $88,690.8 | |||
| Current liabilities | |||||
| Accounts payable | $7,688.6 | $7,002.2 | |||
| Deferred revenue | $22,907.3 | $20,133.7 | |||
| Short long term debt | |||||
| Total current liabilities | |||||
| Long term debt | |||||
| Total noncurrent liabilities | |||||
| Total debt | $6,889.7 | $6,888.6 | |||
| Total liabilities | $72,316.6 | $68,413.7 | |||
| Stockholders' equity | |||||
| Retained earnings | $21,020.5 | $18,800.5 | |||
| Other stockholder equity | -$1,823.6 | -$1,615.7 | |||
| Total stockholder equity | $21,811.3 | $20,277.1 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Current assets | ||||
| Cash | $99.6 | $220.9 | ||
| Short term investments | ||||
| Net receivables | $17,301.9 | $16,544.5 | ||
| Inventory | ||||
| Total current assets | ||||
| Long term investments | ||||
| Property, plant & equipment | $880.8 | $1,034 | ||
| Goodwill & intangible assets | $314.2 | |||
| Total noncurrent assets | ||||
| Total investments | $65,998.6 | $53,548.3 | ||
| Total assets | $88,690.8 | $75,465 | ||
| Current liabilities | ||||
| Accounts payable | $7,002.2 | $5,532.8 | ||
| Deferred revenue | $20,133.7 | $17,293.6 | ||
| Short long term debt | ||||
| Total current liabilities | ||||
| Long term debt | ||||
| Total noncurrent liabilities | ||||
| Total debt | $6,888.6 | $6,388.3 | ||
| Total liabilities | $68,413.7 | $59,574 | ||
| Stockholders' equity | ||||
| Retained earnings | $18,800.5 | $15,721.2 | ||
| Other stockholder equity | -$1,615.7 | -$2,802 | ||
| Total stockholder equity | $20,277.1 | $15,891 | ||
Income statement
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Revenue | |||||
| Total revenue | $17,242.5 | $16,891.2 | |||
| Cost of revenue | $10,971.6 | $11,472.6 | |||
| Gross profit | $6,270.9 | $5,418.6 | |||
| Operating activities | |||||
| Research & development | |||||
| Selling, general & administrative | $3,163.6 | $2,753.7 | |||
| Total operating expenses | $3,261.4 | $2,845.5 | |||
| Operating income | $3,009.5 | $2,573.1 | |||
| Income from continuing operations | |||||
| EBIT | $2,992.5 | $2,573.1 | |||
| Income tax expense | $608.5 | $515.6 | |||
| Interest expense | $69.6 | $69.7 | |||
| Net income | |||||
| Net income | $2,314.4 | $1,987.8 | |||
| Income (for common shares) | $2,314.4 | $1,977.4 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $62,108.5 | $49,610.7 | ||
| Cost of revenue | $45,654.6 | $38,122.7 | ||
| Gross profit | $16,453.9 | $11,488 | ||
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $10,906.6 | $9,776.6 | ||
| Total operating expenses | $11,281.8 | $10,322.4 | ||
| Operating income | $5,172.1 | $1,165.6 | ||
| Income from continuing operations | ||||
| EBIT | $5,172.1 | $1,165.6 | ||
| Income tax expense | $1,001.3 | $200.6 | ||
| Interest expense | $268.4 | $243.5 | ||
| Net income | ||||
| Net income | $3,902.4 | $721.5 | ||
| Income (for common shares) | $3,864.8 | $694.6 | ||
Cash flows
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Net income | $2,314.4 | $1,987.8 | |||
| Operating activities | |||||
| Depreciation | $69.7 | $76.3 | |||
| Business acquisitions & disposals | |||||
| Stock-based compensation | $16.8 | $34.6 | |||
| Total cash flows from operations | $4,235.4 | $2,437.3 | |||
| Investing activities | |||||
| Capital expenditures | -$46.7 | -$69.9 | |||
| Investments | -$3,139.4 | -$2,063.5 | |||
| Total cash flows from investing | -$3,124.3 | -$2,346.3 | |||
| Financing activities | |||||
| Dividends paid | -$497.9 | -$58.5 | |||
| Sale and purchase of stock | -$37.1 | -$60.9 | |||
| Net borrowings | |||||
| Total cash flows from financing | -$1,042.8 | -$129.8 | |||
| Effect of exchange rate | |||||
| Change in cash and equivalents | $68.3 | -$38.8 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Net income | $3,902.4 | $721.5 | ||
| Operating activities | ||||
| Depreciation | $299.7 | $336.6 | ||
| Business acquisitions & disposals | ||||
| Stock-based compensation | $121.3 | $122.7 | ||
| Total cash flows from operations | $10,643.3 | $6,848.8 | ||
| Investing activities | ||||
| Capital expenditures | -$204.8 | -$256.9 | ||
| Investments | -$10,626.6 | -$7,521.5 | ||
| Total cash flows from investing | -$10,842.6 | -$7,956.2 | ||
| Financing activities | ||||
| Dividends paid | -$234 | -$234 | ||
| Sale and purchase of stock | -$140.7 | -$99 | ||
| Net borrowings | $496.3 | $1,486 | ||
| Total cash flows from financing | $78 | $1,126.2 | ||
| Effect of exchange rate | ||||
| Change in cash and equivalents | -$121.3 | $18.8 | ||
Recent institutional transactions
| Quarter | Shareholder | Change |
Shares owned
Shares
|
Value (in thousands USD) |
|---|---|---|---|---|
| 2024 Q2 | Confluence Investment Management |
+2.74%
|
937,114 | $194,648,004 |
| 2024 Q2 | Everence Capital Management Inc |
+49.78%
|
20,850 | $4,342 |
| 2024 Q2 | Dnb Asset Management As |
+7.30%
|
98,942 | $20,551,243 |
| 2024 Q2 | Capital Market Strategies |
Opened
|
1,363 | $283,109 |
| 2024 Q2 | Advance Capital Management |
+0.27%
|
28,728 | $5,967,095 |
| 2024 Q2 | Marcum Wealth |
+0.10%
|
47,554 | $9,877,462 |
| 2024 Q2 | Stonehearth Capital Management |
-1.23%
|
1,923 | $399,426 |
| 2024 Q2 | Institutional & Family Asset Management |
-31.58%
|
39 | $8,101 |
| 2024 Q2 | Cullen Investment Group, Ltd |
-0.11%
|
9,659 | $2,006,254 |
| 2024 Q1 | Jpmorgan Chase & Co |
-18.96%
|
21,380,973 | $4,422,012,879 |
Institutional shareholders
| Shareholder | Stake |
Shares owned
Shares
|
Value (in thousands USD) |
|---|---|---|---|
| Vanguard Group Inc | 8.75% | 51,247,972 | |
| Blackrock | 8.24% | 48,255,515 | |
| State Street Corp | 4.17% | 24,412,168 | |
| Jpmorgan Chase & Co | 3.65% | 21,380,973 | |
| Bank Of America Corp de/ | 2.93% | 17,169,482 | |
| Wellington Management Group LL.P. | 2.91% | 17,019,930 | |
| Massachusetts Financial Services Co MA/ | 2.51% | 14,679,576 | |
| Geode Capital Management | 2.02% | 11,825,299 | |
| Fmr | 1.85% | 10,821,653 | |
| Alliancebernstein L.P. | 1.68% | 9,813,988 |
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