Last 7 days
3.3%
Last 30 days
9.9%
Last 90 days
7.9%
Trailing 12 Months
17.0%
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2023-09-18 | Mascaro Daniel P | sold | -220,412 | 140 | -1,570 | vice pres, secretary and clo |
2023-09-15 | Sauerland John P | sold | -1,622,280 | 135 | -12,000 | vp and chief financial officer |
2023-09-01 | Griffith Susan Patricia | gifted | - | - | -9,000 | president and ceo |
2023-08-30 | Snyder Barbara R | sold | -2,892,220 | 133 | -21,731 | - |
2023-08-24 | Sauerland John P | sold | -1,565,520 | 130 | -12,000 | vp and chief financial officer |
2023-08-03 | Quigg Andrew J | sold | -646,425 | 127 | -5,070 | chief strategy officer |
2023-07-27 | Sauerland John P | sold | -1,518,120 | 126 | -12,000 | vp and chief financial officer |
2023-07-03 | Snyder Barbara R | back to issuer | -72,104 | 132 | -545 | - |
2023-07-03 | Snyder Barbara R | acquired | - | - | 4,907 | - |
2023-06-29 | Sauerland John P | sold | -1,581,720 | 131 | -12,000 | vp and chief financial officer |
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-09-21 | Baystate Wealth Management LLC | unchanged | - | -4,035 | 50,410 | -% |
2023-09-21 | Jefferies Group LLC | added | 5.64 | 58,495 | 1,104,920 | 0.01% |
2023-09-20 | BARCLAYS PLC | added | 108 | 104,365,000 | 216,384,000 | 0.14% |
2023-09-20 | Mondrian Investment Partners LTD | sold off | -100 | -269,668 | - | -% |
2023-09-12 | Farther Finance Advisors, LLC | added | 6.19 | -1,699 | 95,439 | 0.02% |
2023-09-08 | TUCKER ASSET MANAGEMENT LLC | unchanged | - | -1,775 | 21,973 | 0.01% |
2023-09-07 | ST GERMAIN D J CO INC | new | - | 8,075 | 8,075 | -% |
2023-09-05 | Westshore Wealth, LLC | reduced | -19.62 | -77,543 | 225,029 | 0.12% |
2023-09-05 | Covenant Partners, LLC | unchanged | - | -32,722 | 405,185 | 0.15% |
2023-08-30 | Western Wealth Management, LLC | added | 4.48 | -22,021 | 636,372 | 0.05% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Feb 09, 2023 | vanguard group inc | 8.64% | 50,562,142 | SC 13G/A | |
Jan 31, 2023 | blackrock inc. | 7.4% | 43,452,644 | SC 13G/A | |
Feb 10, 2022 | vanguard group inc | 8.08% | 47,203,179 | SC 13G/A | |
Feb 04, 2022 | wellington management group llp | 4.84% | 28,261,623 | SC 13G/A | |
Feb 01, 2022 | blackrock inc. | 7.8% | 45,790,327 | SC 13G/A | |
Feb 10, 2021 | vanguard group inc | 8.25% | 48,263,533 | SC 13G/A | |
Feb 04, 2021 | wellington management group llp | 5.81% | 34,012,839 | SC 13G/A | |
Jan 29, 2021 | blackrock inc. | 7.5% | 44,189,367 | SC 13G/A | |
Feb 12, 2020 | vanguard group inc | 8.17% | 47,814,893 | SC 13G/A | |
Feb 05, 2020 | blackrock inc. | 7.2% | 42,015,810 | SC 13G/A |
Date Filed | Form Type | Document | |
---|---|---|---|
Sep 19, 2023 | 4 | Insider Trading | |
Sep 18, 2023 | 144 | Notice of Insider Sale Intent | |
Sep 18, 2023 | 4 | Insider Trading | |
Sep 15, 2023 | 144 | Notice of Insider Sale Intent | |
Sep 15, 2023 | 8-K | Current Report | |
Sep 06, 2023 | 4 | Insider Trading | |
Sep 01, 2023 | 4 | Insider Trading | |
Aug 30, 2023 | 144 | Notice of Insider Sale Intent | |
Aug 25, 2023 | 4 | Insider Trading | |
Aug 24, 2023 | 144 | Notice of Insider Sale Intent |
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
PGR | 83.8B | 55.3B | 9.87% | 17.02% | 48.05 | 1.51 | 11.39% | 104.72% |
AIG | 44.7B | 50.4B | 6.87% | 21.67% | 9.92 | 0.89 | -9.25% | -63.51% |
ALL | 29.9B | 54.6B | 8.02% | -9.66% | -11.17 | 0.55 | 9.14% | -383.17% |
AFG | 9.6B | 7.5B | -0.38% | -4.31% | 11.27 | 1.28 | 12.86% | -17.26% |
HIG | - | 23.6B | 2.33% | 16.97% | - | - | 5.78% | -4.19% |
TRV | 38.4B | 38.7B | 4.29% | 8.00% | 17.2 | 0.99 | 8.33% | -37.32% |
RE | 25.2B | 13.3B | 0.67% | 24.34% | 20.79 | 1.9 | 12.64% | 55.58% |
MID-CAP | ||||||||
ESGR | 3.9B | 1.3B | -2.43% | 27.00% | 14.11 | 3.01 | 41.34% | 137.60% |
RNR | 10.4B | 7.4B | 11.61% | 46.43% | 25.13 | 1.39 | 62.27% | 144.80% |
SMALL-CAP | ||||||||
PLMR | 1.3B | 348.9M | 1.26% | -38.66% | 22.1 | 3.67 | 16.85% | 25.90% |
HMN | 1.2B | 1.4B | 6.41% | -18.68% | -113.69 | 0.88 | 3.44% | -114.81% |
PRA | 1.0B | 1.1B | 8.32% | -8.43% | 110.3 | 0.9 | -2.53% | -76.30% |
JRVR | 586.9M | 901.0M | 5.12% | -34.78% | 12.65 | 0.65 | 14.76% | 164.17% |
21.7%
27.7%
18.5%
17.5%
4.2%
0%
0%
Y-axis is the maximum loss one would have experienced if Progressive was unfortunately bought at previous high price.
Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Revenue | 7.4% | 55,317 | 51,482 | 49,611 | 50,694 | 49,660 | 49,123 | 47,702 | 45,208 | 44,791 | 44,780 | 42,658 | 41,983 | 40,567 | 39,046 | 39,022 | 35,476 | 34,441 | 33,009 | 31,979 | 31,064 | 29,360 |
EBITDA | -100.0% | - | 1,641 | 1,471 | 1,636 | 1,620 | 3,237 | 4,708 | 5,613 | 7,396 | 8,392 | 7,390 | 6,614 | 5,692 | 4,658 | 5,350 | 4,252 | 4,367 | 3,997 | 3,330 | - | - |
EBITDA Margin | -100.0% | - | 0.03* | 0.03* | 0.03* | 0.04* | 0.07* | 0.10* | 0.12* | 0.16* | 0.19* | 0.17* | 0.16* | 0.14* | 0.12* | 0.14* | 0.12* | 0.12* | 0.12* | 0.10* | - | - |
Interest Expenses | 1.1% | 255 | 253 | 244 | 232 | 223 | 217 | 219 | 223 | 225 | 225 | 217 | 208 | 199 | 190 | 190 | 188 | 183 | 177 | 167 | 156 | 151 |
Earnings Before Taxes | 98.6% | 2,158 | 1,086 | 922 | 1,101 | 1,097 | 2,732 | 4,210 | 5,112 | 6,897 | 8,166 | 7,173 | 6,406 | 5,493 | 4,468 | 5,160 | 4,064 | 4,184 | 3,820 | 3,164 | 3,613 | 2,734 |
EBT Margin | -100.0% | - | 0.02* | 0.02* | 0.02* | 0.02* | 0.06* | 0.09* | 0.11* | 0.15* | 0.18* | 0.17* | 0.15* | 0.14* | 0.11* | 0.13* | 0.11* | 0.12* | 0.11* | 0.10* | - | - |
Net Income | 103.8% | 1,744 | 856 | 722 | 857 | 852 | 2,185 | 3,351 | 4,073 | 5,485 | 6,486 | 5,705 | 5,085 | 4,396 | 3,585 | 3,970 | 3,164 | 3,251 | 2,976 | 2,615 | 2,927 | 2,223 |
Net Income Margin | -100.0% | - | 0.02* | 0.01* | 0.02* | 0.02* | 0.05* | 0.07* | 0.09* | 0.12* | 0.14* | 0.13* | 0.12* | 0.11* | 0.09* | 0.10* | 0.09* | 0.09* | 0.09* | 0.08* | - | - |
Free Cashflow | -100.0% | - | 6,534 | 6,557 | 6,071 | 6,434 | 7,384 | 7,518 | 8,622 | 7,754 | 7,683 | 6,682 | 6,228 | 6,495 | 5,669 | 5,898 | 5,834 | 5,809 | 6,100 | 6,019 | - | - |
Balance Sheet | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Assets | 3.2% | 82,945 | 80,407 | 75,465 | 75,524 | 73,057 | 73,930 | 71,132 | 72,618 | 69,824 | 65,413 | 64,098 | 62,906 | 59,421 | 56,266 | 54,911 | 54,008 | 51,324 | 48,850 | 46,575 | 45,544 | 43,364 |
Cash Equivalents | -37.8% | 180 | 289 | 221 | 365 | 241 | 287 | 202 | 286 | 115 | 123 | 77.00 | 91.00 | 109 | 370 | 227 | 46.00 | 93.00 | 159 | 75.00 | 123 | 158 |
Net PPE | 4.2% | 989 | 949 | 1,034 | 1,067 | 1,125 | 1,104 | 1,137 | 1,161 | 1,086 | 1,077 | 1,106 | 1,182 | 1,190 | 1,215 | 1,214 | 1,214 | 1,175 | 1,127 | 1,132 | 1,139 | 1,116 |
Goodwill | 0% | 228 | 228 | 228 | 228 | 228 | 453 | 453 | 453 | 453 | 453 | 453 | 453 | 453 | 453 | 453 | 453 | 453 | 453 | 453 | 453 | 453 |
Liabilities | 4.2% | 66,234 | 63,539 | 59,574 | 60,748 | 57,405 | 56,878 | 52,901 | 54,060 | 51,149 | 47,577 | 47,060 | 44,819 | 42,751 | 41,689 | 41,012 | 39,662 | 37,773 | 36,518 | 35,539 | 33,468 | 32,145 |
Shareholder's Equity | -0.9% | 16,711 | 16,868 | 15,891 | 14,776 | 15,653 | 17,051 | 18,232 | 18,558 | 18,676 | 17,837 | 17,039 | 18,087 | 16,671 | 14,352 | 13,673 | 14,123 | 13,331 | 12,111 | 10,822 | 11,859 | 11,001 |
Retained Earnings | 1.7% | 16,350 | 16,080 | 15,721 | 14,988 | 14,968 | 15,570 | 15,340 | 15,390 | 15,401 | 14,680 | 13,355 | 14,428 | 13,002 | 11,266 | 10,680 | 10,995 | 10,276 | 9,358 | 8,387 | 9,602 | 8,720 |
Additional Paid-In Capital | 1.5% | 1,936 | 1,908 | 1,893 | 1,840 | 1,815 | 1,789 | 1,773 | 1,736 | 1,712 | 1,686 | 1,673 | 1,629 | 1,615 | 1,602 | 1,573 | 1,539 | 1,523 | 1,497 | 1,479 | 1,443 | 1,426 |
Accumulated Depreciation | 0.2% | 1,580 | 1,576 | 1,551 | 1,499 | 1,513 | 1,456 | 1,407 | 1,422 | 1,397 | 1,319 | 1,291 | 1,265 | 1,242 | 1,192 | 1,138 | 1,085 | 1,106 | 1,065 | 1,033 | 1,005 | 985 |
Shares Outstanding | 0% | 585 | 585 | - | 585 | 584 | 584 | - | 585 | 585 | 585 | - | 585 | 585 | 585 | - | 584 | 584 | 584 | - | 583 | 582 |
Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Cashflow From Operations | 13.9% | 7,743 | 6,796 | 6,849 | 6,371 | 6,715 | 7,650 | 7,762 | 8,857 | 7,965 | 7,894 | 6,906 | 6,487 | 6,766 | 6,019 | 6,262 | 6,217 | 6,176 | 6,406 | 6,285 | 5,735 | 5,218 |
Cashflow From Investing | -23.2% | -7,920 | -6,430 | -7,956 | -6,505 | -6,280 | -7,147 | -3,119 | -5,041 | -4,865 | -4,839 | -6,117 | -5,536 | -5,830 | -5,114 | -4,338 | -4,831 | -4,857 | -5,131 | -7,034 | -6,164 | -5,460 |
Cashflow From Financing | 132.0% | 116 | -363 | 1,126 | 214 | -308 | -338 | -4,516 | -3,621 | -3,094 | -3,302 | -938 | -904 | -919 | -692 | -1,770 | -1,461 | -1,383 | -1,312 | 550 | 296 | 239 |
Dividend Payments | 0% | 234 | 234 | 234 | 1,111 | 1,111 | 1,111 | 3,747 | 2,870 | 2,870 | 2,870 | 1,551 | 1,551 | 1,551 | 1,551 | 1,643 | 1,585 | 1,526 | 1,468 | 655 | 655 | 655 |
Consolidated Statements of Comprehensive Income - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 6 Months Ended | ||||
---|---|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |||
Revenues | ||||||
Net premiums earned | $ 14,464.4 | $ 12,147.9 | $ 27,997.5 | $ 23,950.8 | ||
Investment income | 454.5 | 292.4 | 874.1 | 534.6 | ||
Net realized gains (losses) on securities: | ||||||
Net realized gains (losses) on security sales | 135.1 | 546.6 | 104.8 | 492.1 | ||
Net holding period gains (losses) on securities | (6.0) | (1,722.2) | 98.4 | (2,110.8) | ||
Net impairment losses recognized in earnings | (2.2) | (2.1) | (4.5) | (4.3) | ||
Total net realized gains (losses) on securities | 126.9 | (1,177.7) | 198.7 | (1,623.0) | ||
Fees and other revenues | 226.7 | 176.5 | 432.9 | 350.5 | ||
Service revenues | 81.0 | 80.1 | 153.5 | 147.8 | ||
Total revenues | 15,353.5 | 11,519.2 | 29,656.7 | 23,360.7 | ||
Expenses | ||||||
Losses and loss adjustment expenses | 12,170.1 | 9,421.1 | 22,794.1 | 18,279.5 | ||
Policy acquisition costs | 1,153.6 | 933.6 | 2,269.4 | 1,897.0 | ||
Other underwriting expenses | 1,431.7 | 1,431.2 | 3,289.6 | 2,937.5 | ||
Investment expenses | 6.1 | 5.9 | 11.6 | 11.6 | ||
Service expenses | 90.6 | 75.5 | 172.9 | 138.7 | ||
Interest expense | 65.7 | 63.0 | 129.0 | 117.3 | ||
Goodwill impairment | 0.0 | 224.8 | 0.0 | 224.8 | ||
Total expenses | 14,917.8 | 12,155.1 | 28,666.6 | 23,606.4 | ||
Net Income (Loss) | ||||||
Income (loss) before income taxes | 435.7 | (635.9) | 990.1 | (245.7) | ||
Provision (benefit) for income taxes | 90.3 | (93.0) | 196.8 | (16.7) | ||
Net income (loss) | 345.4 | (542.9) | 793.3 | (229.0) | ||
Other Comprehensive Income (Loss) | ||||||
Total net unrealized gains (losses) on fixed-maturity securities | (455.6) | (822.8) | 147.6 | (2,249.7) | ||
Net unrealized losses on forecasted transactions | 0.1 | 0.0 | 0.2 | 0.2 | ||
Foreign currency translation adjustment | 0.2 | (0.4) | 0.2 | (0.2) | ||
Other comprehensive income (loss) | (455.3) | (823.2) | 148.0 | (2,249.7) | ||
Comprehensive income (loss) | (109.9) | (1,366.1) | 941.3 | (2,478.7) | ||
Computation of Earnings Per Common Share | ||||||
Net income (loss) | 345.4 | (542.9) | 793.3 | (229.0) | ||
Less: Preferred share dividends | [1] | 9.5 | 6.7 | 16.8 | 13.4 | |
Net income (loss) available to common shareholders | $ 335.9 | $ (549.6) | $ 776.5 | $ (242.4) | ||
Average common shares outstanding - Basic | 584.9 | 584.3 | 584.9 | 584.3 | ||
Net effect of dilutive stock-based compensation | 2.1 | 2.2 | 2.1 | 2.1 | ||
Total average equivalent common shares - Diluted | 587.0 | 586.5 | 587.0 | 586.4 | ||
Basic: Earnings per common share | $ 0.57 | $ (0.94) | $ 1.33 | $ (0.41) | ||
Diluted: Earnings per common share | $ 0.57 | $ (0.94) | $ 1.32 | $ (0.41) | ||
|
Consolidated Balance Sheets - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 | Jun. 30, 2022 | ||
---|---|---|---|---|---|
Assets | |||||
Fixed maturities (amortized cost: $57,484.7, $46,028.8, and $50,264.0) | $ 54,078.1 | $ 46,651.9 | $ 43,172.5 | ||
Short-term investments (amortized cost: $1,494.3, $4,611.8, and $2,861.7) | 1,494.3 | 2,861.7 | 4,611.8 | ||
Total available-for-sale securities | 55,572.4 | 49,513.6 | 47,784.3 | ||
Nonredeemable preferred stocks (cost: $1,107.1, $1,522.5, and $1,364.2) | 985.1 | 1,213.2 | 1,360.5 | ||
Common equities (cost: $662.0, $783.6, and $826.1) | 2,708.1 | 2,821.5 | 2,784.7 | ||
Total equity securities | 3,693.2 | 4,034.7 | 4,145.2 | ||
Total investments | 59,265.6 | 53,548.3 | 51,929.5 | ||
Cash and cash equivalents | 163.9 | 203.5 | 226.1 | ||
Restricted cash and cash equivalents | 15.6 | 17.4 | 14.4 | ||
Total cash, cash equivalents, restricted cash, and restricted cash equivalents | 179.5 | 220.9 | 240.5 | ||
Accrued investment income | 354.2 | 282.5 | 216.7 | ||
Premiums receivable, net of allowance for credit losses of $343.9, $265.8, and $343.3 | 12,273.3 | 10,416.9 | 10,561.8 | ||
Reinsurance recoverables | 5,516.9 | 5,832.1 | 4,961.2 | ||
Prepaid reinsurance premiums | 242.9 | 295.5 | 464.3 | ||
Deferred acquisition costs | 1,685.6 | 1,544.4 | 1,498.4 | ||
Property and equipment, net of accumulated depreciation of $1,580.1, $1,512.6, and $1,551.1 | 989.0 | 1,034.0 | 1,124.7 | ||
Goodwill | 227.9 | 227.9 | 227.9 | ||
Intangible assets, net of accumulated amortization of $167.1, $147.7, and $158.6 | 77.8 | 86.3 | 97.2 | ||
Net federal deferred income taxes | 1,198.5 | 1,131.5 | 955.6 | ||
Other assets | 934.0 | 844.7 | 779.4 | ||
Total assets | 82,945.2 | 75,465.0 | 73,057.2 | ||
Liabilities | |||||
Unearned premiums | 20,070.1 | 17,293.6 | 17,274.8 | ||
Loss and loss adjustment expense reserves | 32,753.3 | 30,359.3 | 27,812.0 | ||
Accounts payable, accrued expenses, and other liabilities | 6,524.0 | 5,532.8 | 5,931.2 | ||
Debt | [1] | 6,886.5 | 6,388.3 | 6,386.5 | |
Total liabilities | 66,233.9 | 59,574.0 | 57,404.5 | ||
Shareholders' Equity | |||||
Serial Preferred Shares, Series B, no par value (cumulative, liquidation preference $1,000 per share) (authorized, issued, and outstanding 0.5) | 493.9 | 493.9 | 493.9 | ||
Common shares, $1.00 par value (authorized 900.0; issued 797.6, including treasury shares of 212.3, 212.7, and 212.7) | 585.3 | 584.9 | 584.9 | ||
Paid-in capital | 1,935.7 | 1,893.0 | 1,815.2 | ||
Retained earnings | 16,350.4 | 15,721.2 | 14,967.7 | ||
Accumulated other comprehensive income (loss): | |||||
Net unrealized gains (losses) on fixed-maturity securities | (2,638.7) | (2,786.3) | (2,193.5) | ||
Net unrealized losses on forecasted transactions | (14.3) | (14.5) | (14.7) | ||
Foreign currency translation adjustment | (1.0) | (1.2) | (0.8) | ||
Total accumulated other comprehensive income (loss) | (2,654.0) | (2,802.0) | (2,209.0) | ||
Total shareholders’ equity | 16,711.3 | 15,891.0 | 15,652.7 | ||
Total liabilities and shareholders’ equity | $ 82,945.2 | $ 75,465.0 | $ 73,057.2 | ||
|