Last 7 days
-1.7%
Last 30 days
-1.5%
Last 90 days
8.5%
Trailing 12 Months
23.1%
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
PGR | 82.1B | 49.6B | -1.45% | 23.08% | 113.76 | 1.65 | 4.00% | -78.47% |
TRV | 38.3B | 36.9B | -11.40% | -9.04% | 13.47 | 1.04 | 5.94% | -22.39% |
AIG | 36.1B | 56.4B | -21.96% | -24.58% | 3.52 | 0.64 | 8.41% | 9.46% |
ALL | 27.8B | 51.4B | -20.78% | -23.42% | -19.61 | 0.54 | 1.63% | -195.35% |
RE | 24.1B | 12.1B | -9.20% | 18.91% | 40.37 | 2 | 1.63% | -56.71% |
HIG | 23.3B | 22.4B | -14.30% | -7.21% | 11.93 | 1.05 | -0.13% | -23.26% |
Y | 11.4B | 6.8B | 0.57% | 29.95% | 32.11 | 0.97 | -36.57% | -61.35% |
AFG | 10.1B | 7.0B | -10.40% | -12.63% | 11.2 | 1.43 | 7.45% | -54.99% |
MID-CAP | ||||||||
RNR | 8.4B | 6.3B | -7.80% | 26.66% | -7.88 | 1.32 | 21.94% | -2542.77% |
ESGR | 4.0B | - | -7.41% | -13.46% | -4.15 | 4.2 | -80.45% | -283.49% |
SMALL-CAP | ||||||||
HMN | 1.4B | 1.4B | -10.42% | -18.96% | -523.07 | 0.98 | 3.97% | -101.82% |
PLMR | 1.3B | 327.1M | -8.98% | -16.27% | 25.76 | 4.11 | 39.88% | 13.79% |
PRA | 961.6M | 1.1B | -8.24% | -30.70% | -2.4K | 0.87 | -1.58% | -100.28% |
JRVR | 776.0M | 813.7M | -6.42% | -3.67% | 25.05 | 0.95 | 5.28% | 117.92% |
Income Statement (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Revenue | -3.3% | 49,611 | 51,323 | 50,289 | 49,123 | 47,702 |
EBITDA | -10.1% | 1,471 | 1,636 | 1,620 | 3,237 | - |
EBITDA Margin | -7.0% | 0.03* | 0.03* | 0.04* | 0.07* | - |
Earnings Before Taxes | -16.2% | 922 | 1,101 | 1,097 | 2,732 | 4,210 |
EBT Margin | -13.3% | 0.02* | 0.02* | 0.02* | 0.06* | - |
Interest Expenses | 5.0% | 244 | 232 | 223 | 217 | 219 |
Net Income | -15.9% | 722 | 857 | 852 | 2,185 | 3,351 |
Net Income Margin | -12.9% | 0.01* | 0.02* | 0.02* | 0.05* | - |
Free Cahsflow | 8.0% | 6,557 | 6,071 | 6,434 | 7,384 | - |
Balance Sheet | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Assets | -0.1% | 75,465 | 75,524 | 73,057 | 73,930 | 71,132 |
Cash Equivalents | -39.5% | 221 | 365 | 241 | 287 | 202 |
Net PPE | -3.1% | 1,034 | 1,067 | 1,125 | 1,104 | 1,137 |
Goodwill | 0% | 228 | 228 | 228 | 453 | 453 |
Liabilities | -1.9% | 59,574 | 60,748 | 57,405 | 56,878 | 52,901 |
LT Debt, Current | NaN% | - | - | - | - | - |
Shareholder's Equity | 7.5% | 15,891 | 14,776 | 15,653 | 17,051 | 18,232 |
Retained Earnings | 4.9% | 15,721 | 14,988 | 14,968 | 15,570 | 15,340 |
Additional Paid-In Capital | 2.9% | 1,893 | 1,840 | 1,815 | 1,789 | 1,773 |
Accumulated Depreciation | 3.5% | 1,551 | 1,499 | 1,513 | 1,456 | 1,407 |
Shares Outstanding | 0.0% | 585 | 584 | 584 | - | - |
Cashflow (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Cashflow From Operations | 7.5% | 6,849 | 6,371 | 6,715 | 7,650 | 7,762 |
Cashflow From Investing | -22.3% | -7,956 | -6,505 | -6,280 | -7,147 | -3,119 |
Cashflow From Financing | 425.5% | 1,126 | 214 | -308 | -338 | -4,516 |
Dividend Payments | -78.9% | 234 | 1,111 | 1,111 | 1,111 | 3,747 |
0%
0%
0%
Y-axis is the maximum loss one would have experienced if Progressive was unfortunately bought at previous high price.
22.5%
25.3%
22.1%
29.7%
FIve years rolling returns for Progressive.
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-03-15 | B. Riley Wealth Advisors, Inc. | added | 9.89 | 184,455 | 1,007,460 | 0.03% |
2023-03-10 | BAILLIE GIFFORD & CO | added | 181 | 8,379,050 | 12,301,000 | 0.01% |
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | reduced | -0.23 | 65,226,100 | 639,193,000 | 0.70% |
2023-03-10 | MATHER GROUP, LLC. | added | 2.48 | 133,825 | 1,065,820 | 0.02% |
2023-03-06 | Rockefeller Capital Management L.P. | added | 11.37 | 2,470,000 | 12,633,000 | 0.06% |
2023-03-03 | TIAA, FSB | added | 0.12 | 79,151 | 751,151 | -% |
2023-03-02 | LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA | new | - | 273,948 | 273,948 | -% |
2023-03-02 | OLIVER LAGORE VANVALIN INVESTMENT GROUP | reduced | -2.95 | 8,902 | 110,902 | 0.06% |
2023-03-01 | Willow Creek Wealth Management Inc. | reduced | -7.53 | 13,000 | 392,000 | 0.06% |
2023-03-01 | Regal Investment Advisors LLC | reduced | -0.77 | 35,296 | 366,296 | 0.04% |
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 |
Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
---|---|---|---|---|---|
Very Low Inflation | - - | - - | - - | - - | - - |
Current Inflation | 104.79 -25.62% | 132.82 -5.72% | 185.89 31.95% | 247.08 75.38% | 279.88 98.67% |
Very High Inflation | - - | - - | - - | - - | - - |
Date Filed | Form Type | Document | |
---|---|---|---|
Mar 24, 2023 | 144 | Notice of Insider Sale Intent | |
Mar 24, 2023 | 4 | Insider Trading | |
Mar 24, 2023 | 4 | Insider Trading | |
Mar 24, 2023 | 4 | Insider Trading | |
Mar 24, 2023 | 4 | Insider Trading | |
Mar 24, 2023 | 4 | Insider Trading | |
Mar 24, 2023 | 4 | Insider Trading | |
Mar 24, 2023 | 4 | Insider Trading | |
Mar 24, 2023 | 4 | Insider Trading | |
Mar 24, 2023 | 4 | Insider Trading |
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2023-03-22 | Johnson Devin C | sold | -70,091 | 140 | -500 | - |
2023-03-16 | Marshall Mariann Wojtkun | sold | -65,388 | 138 | -471 | chief accounting officer |
2023-02-24 | Broz Steven | sold | -131,725 | 141 | -930 | chief information officer |
2023-02-24 | Mascaro Daniel P | sold | -397,442 | 141 | -2,806 | vice pres, secretary and clo |
2023-02-22 | Griffith Susan Patricia | sold | -2,207,070 | 142 | -15,473 | president and ceo |
2023-02-21 | Griffith Susan Patricia | acquired | - | - | 28,051 | president and ceo |
2023-02-21 | Griffith Susan Patricia | sold (taxes) | -1,790,860 | 142 | -12,578 | president and ceo |
2023-02-21 | Sauerland John P | sold (taxes) | -245,890 | 142 | -1,727 | vp and chief financial officer |
2023-02-21 | Sauerland John P | acquired | - | - | 3,840 | vp and chief financial officer |
2023-02-21 | Bauer Jonathan S. | acquired | - | - | 6,201 | chief investment officer |
Consolidated Statements of Comprehensive Income - USD ($) shares in Millions, $ in Millions | 12 Months Ended | ||||
---|---|---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |||
Revenues | |||||
Net premiums earned | $ 49,241.2 | $ 44,368.7 | $ 39,261.6 | ||
Investment income | 1,260.3 | 860.9 | 936.6 | ||
Net realized gains (losses) on securities: | |||||
Net realized gains (losses) on security sales | 196.5 | 614.3 | 914.7 | ||
Net holding period gains (losses) on securities | (2,100.1) | 899.9 | 715.3 | ||
Net impairment losses recognized in earnings | (8.6) | (5.0) | 0.0 | ||
Debt and Equity Securities, Gain (Loss) | (1,912.2) | 1,509.2 | 1,630.0 | ||
Fees and other revenues | 722.1 | 691.8 | 603.5 | ||
Service revenues | 299.3 | 271.4 | 226.4 | ||
Total revenues | 49,610.7 | 47,702.0 | 42,658.1 | ||
Expenses | |||||
Losses and loss adjustment expenses | 38,122.7 | 33,627.6 | 25,121.8 | ||
Policy acquisition costs | 3,917.0 | 3,712.8 | 3,273.2 | ||
Other underwriting expenses | 5,859.6 | 5,654.7 | 5,570.0 | ||
Policyholder credit expense | 0.0 | 0.0 | 1,077.4 | ||
Investment expenses | 24.3 | 25.5 | 20.0 | ||
Service expenses | 296.7 | 252.8 | 205.5 | ||
Interest expense | 243.5 | 218.6 | 217.0 | ||
Goodwill impairment | [1] | 224.8 | 0.0 | 0.0 | |
Total expenses | 48,688.6 | 43,492.0 | 35,484.9 | ||
Net Income | |||||
Income before income taxes | 922.1 | 4,210.0 | 7,173.2 | ||
Provision for income taxes | 200.6 | 859.1 | 1,468.6 | ||
Net income | 721.5 | 3,350.9 | 5,704.6 | ||
Changes in: | |||||
Total net unrealized gains (losses) on fixed-maturity securities | (2,842.5) | (891.1) | 586.5 | ||
Net unrealized losses on forecasted transactions | 0.4 | 0.7 | 0.8 | ||
Foreign currency translation adjustment | (0.6) | (0.6) | 0.0 | ||
Other comprehensive income (loss) | (2,842.7) | (891.0) | 587.3 | ||
Comprehensive income (loss) | (2,121.2) | 2,459.9 | 6,291.9 | ||
Computation of Earnings Per Common Share | |||||
Net income | 721.5 | 3,350.9 | 5,704.6 | ||
Less: Preferred share dividends | 26.9 | 26.9 | 26.9 | ||
Net income available to common shareholders | $ 694.6 | $ 3,324.0 | $ 5,677.7 | ||
Average common shares outstanding - Basic | 584.4 | 584.5 | 584.9 | ||
Net effect of dilutive stock-based compensation | 2.7 | 2.6 | 2.7 | ||
Total average equivalent common shares - Diluted | 587.1 | 587.1 | 587.6 | ||
Basic: Earnings per share (usd per share) | $ 1.19 | $ 5.69 | $ 9.71 | ||
Diluted: Earnings per share (usd per share) | $ 1.18 | $ 5.66 | $ 9.66 | ||
|
Consolidated Balance Sheets - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | ||||||
---|---|---|---|---|---|---|---|---|
Available-for-sale securities, at fair value: | ||||||||
Fixed maturities (amortized cost: $50,264.0 and $43,794.2) | $ 46,651.9 | $ 43,873.1 | ||||||
Short-term investments (amortized cost: $2,861.7 and $942.6) | 2,861.7 | 942.6 | ||||||
Total available-for-sale securities | 49,513.6 | 44,815.7 | ||||||
Equity securities, at fair value: | ||||||||
Nonredeemable preferred stocks (cost: $1,364.2 and $1,571.8) | 1,213.2 | 1,639.9 | ||||||
Common equities (cost: $826.1 and $1,264.1) | 2,821.5 | 5,058.5 | ||||||
Total equity securities | 4,034.7 | 6,698.4 | ||||||
Total investments | 53,548.3 | 51,514.1 | ||||||
Cash and cash equivalents | 203.5 | 187.1 | ||||||
Restricted cash and cash equivalents | 17.4 | 15.0 | ||||||
Total cash, cash equivalents, restricted cash, and restricted cash equivalents | 220.9 | 202.1 | ||||||
Accrued investment income | 282.5 | 181.7 | ||||||
Premiums receivable, net of allowance for credit losses of $343.3 and $280.4 | 10,416.9 | 9,399.5 | ||||||
Reinsurance recoverables | 5,832.1 | 4,980.5 | ||||||
Prepaid reinsurance premiums | 295.5 | 457.6 | ||||||
Deferred acquisition costs | 1,544.4 | 1,355.6 | ||||||
Property and equipment, net of accumulated depreciation of $1,551.1 and $1,407.4 | 1,034.0 | 1,137.3 | ||||||
Goodwill | [1] | 227.9 | 452.7 | |||||
Intangible assets, net of accumulated amortization of $158.6 and $383.8 | 86.3 | 117.3 | ||||||
Net federal deferred income taxes | 1,131.5 | 0.0 | ||||||
Other assets | 844.7 | 1,333.9 | ||||||
Total assets | 75,465.0 | 71,132.3 | ||||||
Liabilities | ||||||||
Unearned premiums | 17,293.6 | 15,615.8 | ||||||
Loss and loss adjustment expense reserves | 30,359.3 | 26,164.1 | ||||||
Net federal deferred income taxes | 0.0 | 152.9 | ||||||
Accounts payable, accrued expenses, and other liabilities | [2] | 5,532.8 | 6,069.1 | |||||
Debt | [3] | 6,388.3 | 4,898.8 | |||||
Total liabilities | 59,574.0 | 52,900.7 | ||||||
Shareholders' Equity | ||||||||
Serial Preferred Shares, Series B, no par value (cumulative, liquidation preference of $1,000 per share) (authorized, issued, and outstanding 0.5) | 493.9 | 493.9 | ||||||
Common shares, $1.00 par value (authorized 900.0; issued 797.6, including treasury shares of 212.7 and 213.2) | 584.9 | 584.4 | ||||||
Paid-in capital | 1,893.0 | 1,772.9 | ||||||
Retained earnings | 15,721.2 | 15,339.7 | ||||||
Accumulated other comprehensive income (loss): | ||||||||
Net unrealized gains (losses) on fixed-maturity securities | (2,786.3) | 56.2 | ||||||
Net unrealized losses on forecasted transactions | (14.5) | (14.9) | ||||||
Foreign currency translation adjustment | (1.2) | (0.6) | ||||||
Total accumulated other comprehensive income (loss) | (2,802.0) | 40.7 | ||||||
Total shareholders’ equity | 15,891.0 | 18,231.6 | ||||||
Total liabilities and shareholders’ equity | $ 75,465.0 | $ 71,132.3 | ||||||
|