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PGR

130.83USD-0.43(-0.33%)Delayedas of 02 Dec 2022, 11:00 am

Progressive Corp

Market Summary

USD130.83-0.43Delayedas of 02 Dec 2022, 11:00 am
-0.33%

PGR Alerts

PGR Stock Price

RSI Chart

Valuation

Market Cap

75.8B

Price/Earnings

88.97

Price/Sales

1.57

Price/Cashflow

11.29

MarketCap/EBT

69.07

Price/Sales

Profitability

EBT Margin

2.27%

Return on Equity

5.44%

Return on Assets

1.17%

Fundamentals

Revenue

Revenue (TTM)

49.3B

Revenue Y/Y

7.77%

Revenue Q/Q

5.21%

Earnings

Earnings (TTM)

857.4M

Earnings Y/Y

4.73%

Earnings Q/Q

122.86%

Price Action

52 Week Range

92.65134.50
(Low)(High)

Last 7 days

0.1%

Last 30 days

1.7%

Last 90 days

7.2%

Trailing 12 Months

43.2%

Financial Health

Debt/Equity

0.39

Debt/Cashflow

1.11

Investor Care

Dividend Yield

1.46%

Dividend/Share (TTM)

1.9

Buy Backs (1Y)

0.05%

Diluted EPS (TTM)

1.41

Peers (Alternatives to Progressive)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
75.8B
49.3B
1.74% 43.16%
88.97
1.57
5.65% -78.95%
43.2B
57.2B
10.57% 24.16%
3.4
0.76
26.96% 201.88%
42.6B
36.3B
3.48% 32.90%
12.71
1.18
6.01% -7.78%
34.2B
50.8B
4.98% 24.89%
35.26
0.68
4.61% -107.01%
23.3B
22.2B
2.56% 17.67%
11.93
1.05
1.19% -10.03%
12.7B
11.8B
5.06% 31.56%
16.3
1.08
5.22% -41.47%
12.2B
6.9B
-0.53% 20.57%
11.87
1.84
-7.39% -58.10%
11.4B
11.7B
0.57% 29.95%
32.11
0.97
8.99% -61.35%
MID-CAP
6.8B
6.1B
18.50% 17.85%
-7.36
1.15
9.56% -1967.02%
3.5B
789.0M
7.22% -4.06%
-4.09
4.2
-80.45% -142.39%
2.2B
298.6M
-31.23% -13.90%
46.77
7.21
53.72% 302.27%
SMALL-CAP
1.6B
1.4B
-2.68% 5.63%
27.25
1.18
1.22% -62.42%
1.2B
1.1B
-10.20% -13.10%
30.02
1.01
8.08% -85.91%
935.9M
795.3M
-6.25% -3.32%
-12.94
1.19
4.68% 58.15%

Financials for Progressive

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue1.9%49,26248,34148,09847,70246,626
Earnings Before Taxes0.3%1,1011,0972,7324,2105,112
Net Income0.7%8578522,1853,3514,073
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets3.4%75,52473,05773,93071,13272,618
    Cash Equivalents51.9%365241287202286
  Net PPE-5.1%1,0671,1251,1041,1371,161
  Goodwill0%228228453453453
Liabilities5.8%60,74857,40556,87852,90154,060
  Long Term Debt-6.5%5,6356,0296,6935,8575,882
    LT Debt, CurrentNaN%-----
Shareholder's Equity-5.6%14,77615,65317,05118,23218,558
  Retained Earnings0.1%14,98814,96815,57015,34015,390
  Additional Paid-In Capital1.5%1,8151,7891,7731,736-
Accumulated Depreciation-0.9%1,4991,5131,4561,4071,422
Shares Outstanding0%584584585--
* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations-5.1%6,3716,7157,6507,7628,857
Cashflow From Investing-3.6%-6,505.80-6,280.90-7,147.20-3,119.80-5,041.30
Cashflow From Financing169.5%214-308.40-338.20-4,516.30-3,621.20
  Dividend Payments0%1,1111,1113,7472,870

Risks

What is the probability of a big loss on PGR?

0%


Probability that Progressive stock will be more than 20% underwater in next one year

0%


Probability that Progressive stock will be more than 30% underwater in next one year.

0%


Probability that Progressive stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does PGR drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Progressive was unfortunately bought at previous high price.

Returns

Cumulative Returns on PGR

23.8%


10-Year Cumulative Returns

27.0%


7-Year Cumulative Returns

23.6%


5-Year Cumulative Returns

26.6%


3-Year Cumulative Returns

What are the long-term rolling returns for PGR?

FIve years rolling returns for Progressive.

Which funds bought or sold PGR recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-29
Bridgefront Capital, LLC
-
-
-1,002,000
-
-%
2022-11-23
Toroso Investments, LLC
ADDED
1.2
21,000
1,848,000
0.08%
2022-11-23
Eagle Bay Advisors LLC
UNCHANGED
-
211
18,000
0.01%
2022-11-23
Aurora Investment Counsel
REDUCED
-68.99
-2,781,000
1,269,000
0.96%
2022-11-22
IHT Wealth Management, LLC
NEW
-
297,000
297,000
0.02%
2022-11-22
B. Riley Wealth Advisors, Inc.
ADDED
68.37
334,000
823,000
0.03%
2022-11-22
CVA Family Office, LLC
UNCHANGED
-
-
63,000
0.02%
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
39,339,000
39,339,000
0.46%
2022-11-21
FourThought Financial, LLC
-
-
-33,000
236,000
0.04%
2022-11-21
DEARBORN PARTNERS LLC
-
-
26,000
764,000
0.03%

1–10 of 46

Latest Funds Activity

Are funds buying PGR calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own PGR

Progressive News

Yahoo Finance

Insiders at The Progressive Corporation (NYSE:PGR) sold US$3.7m worth of stock, possibly indicating weakness in the future.3 hours ago

PGR Fair Value

Recent SEC filings of Progressive

View All Filings
Date Filed Form Type Document
Nov 22, 2022
4
Insider Trading
Nov 22, 2022
4
Insider Trading
Nov 16, 2022
8-K
Current Report
Nov 07, 2022
4
Insider Trading
Nov 03, 2022
S-8
Employee Benefits Plan
Nov 01, 2022
10-Q
Quarterly Report
Oct 24, 2022
4
Insider Trading
Oct 24, 2022
4
Insider Trading
Oct 18, 2022
4
Insider Trading
Oct 18, 2022
4
Insider Trading

Latest Insider Trading transactions for PGR

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-11-18
Mascaro Daniel P
SOLD
-509,289
129.59
-3,930
Vice Pres, Secretary and CLO
2022-11-18
Broz Steven
SOLD
-669,980
129.59
-5,170
Chief Information Officer
2022-11-03
Sauerland John P
SOLD
-3,179,500
127.18
-25,000
VP and Chief Financial Officer
2022-10-20
Mascaro Daniel P
SOLD
-467,198
118.88
-3,930
Vice Pres, Secretary and CLO
2022-10-20
Broz Steven
SOLD
-614,610
118.88
-5,170
Chief Information Officer
2022-10-17
Griffith Susan Patricia
SOLD
-5,842,500
116.85
-50,000
President and CEO
2022-10-17
Murphy John Jo
SOLD
-632,400
120
-5,270
Claims President
2022-09-16
Callahan Patrick K
SOLD
-2,398,090
125.765
-19,068
Personal Lines President
2022-08-26
Quigg Andrew J
SOLD
-402,047
126.43
-3,180
Chief Strategy Officer
2022-08-26
Niederst Lori A
SOLD
-1,330,300
126.43
-10,522
CRM President

1–10 of 50

Susan P. Griffith
49100
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 primary 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, 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 personal umbrella insurance, and primary and excess flood insurance. The company also offers policy issuance and claims adjusting services; and acts as an agent to homeowner general liability, workers' compensation insurance, and other products. In addition, it provides reinsurance services. The company sells its products through independent insurance agencies, as well as directly on Internet through mobile devices, and over the phone. The Progressive Corporation was founded in 1937 and is headquartered in Mayfield, Ohio.

PGR Income Statement

2022-09-30
Consolidated Statements of Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues    
Net premiums earned$ 12,398.9$ 11,364.8$ 36,349.7$ 32,767.3
Investment income333.6208.9868.2639.8
Net realized gains (losses) on securities:    
Net realized gains (losses) on security sales(62.1)53.9430.0607.8
Net holding period gains (losses) on securities(152.1)(15.9)(2,262.9)479.8
Net impairment losses recognized in earnings(2.2)(1.2)(6.5)(3.7)
Total net realized gains (losses) on securities(216.4)36.8(1,839.4)1,083.9
Fees and other revenues181.4174.9531.9516.8
Service revenues82.773.8230.5202.1
Total revenues12,780.211,859.236,140.935,209.9
Expenses    
Losses and loss adjustment expenses10,018.79,250.728,298.224,767.6
Policy acquisition costs970.9951.52,867.92,754.7
Other underwriting expenses1,496.41,384.44,433.94,306.0
Investment expenses5.86.617.418.5
Service expenses82.872.8221.5190.0
Interest expense63.154.2180.4167.0
Goodwill impairment[1]0.00.0224.80.0
Total expenses12,637.711,720.236,244.132,203.8
Net Income (Loss)    
Income (loss) before income taxes142.5139.0(103.2)3,006.1
Provision for income taxes18.420.51.7617.5
Net income (loss)124.1118.5(104.9)2,388.6
Other Comprehensive Income (Loss)    
Total net unrealized gains (losses) on fixed-maturity securities(920.3)(129.8)(3,170.0)(578.3)
Net unrealized losses on forecasted transactions0.10.10.30.6
Foreign currency translation adjustment(0.7)(0.2)(0.9)(0.7)
Other comprehensive income (loss)(920.9)(129.9)(3,170.6)(578.4)
Comprehensive income (loss)(796.8)(11.4)(3,275.5)1,810.2
Computation of Earnings Per Common Share    
Net income (loss)124.1118.5(104.9)2,388.6
Less: Preferred share dividends6.76.720.120.1
Net income (loss) available to common shareholders$ 117.4$ 111.8$ (125.0)$ 2,368.5
Average common shares outstanding - Basic584.5584.7584.4584.7
Net effect of dilutive stock-based compensation2.62.42.72.6
Total average equivalent common shares - Diluted587.1587.1587.1587.3
Basic: Earnings per common share$ 0.20$ 0.19$ (0.21)$ 4.05
Diluted: Earnings per common share$ 0.20$ 0.19$ (0.21)$ 4.03
[1]See Note 12 – Goodwill and Intangible Assets for further discussion.

PGR Balance Sheet

2022-09-30
Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Sep. 30, 2021
Assets   
Fixed maturities (amortized cost: $48,205.7, $44,556.0, and $43,794.2)$ 44,173.1$ 43,873.1$ 45,045.7
Short-term investments (amortized cost: $4,237.6, $1,088.7, and $942.6)4,237.6942.61,088.7
Total available-for-sale securities48,410.744,815.746,134.4
Nonredeemable preferred stocks (cost: $1,417.6, $1,479.9, and $1,571.8)1,254.41,639.91,572.8
Common equities (cost: $803.7, $1,238.4, and $1,264.1)2,665.35,058.54,580.2
Total equity securities3,919.76,698.46,153.0
Total investments52,330.451,514.152,287.4
Cash and cash equivalents350.9187.1270.6
Restricted cash and cash equivalents14.415.014.9
Total cash, cash equivalents, restricted cash, and restricted cash equivalents365.3202.1285.5
Accrued investment income217.4181.7168.6
Premiums receivable, net of allowance for credit losses of $295.0, $257.3, and $280.410,867.79,399.510,246.7
Reinsurance recoverables6,306.84,980.55,044.9
Prepaid reinsurance premiums367.5457.6661.1
Deferred acquisition costs1,585.21,355.61,430.7
Property and equipment, net of accumulated depreciation of $1,499.0, $1,422.2, and $1,407.41,067.11,137.31,161.0
Goodwill227.9452.7452.7
Intangible assets, net of accumulated amortization of $153.1, $369.2, and $383.891.8117.3131.9
Net federal deferred income taxes1,269.50.00.0
Other assets827.61,333.9747.6
Total assets75,524.271,132.372,618.1
Liabilities   
Unearned premiums17,796.915,615.816,671.4
Loss and loss adjustment expense reserves30,631.826,164.125,926.3
Net federal deferred income taxes0.0152.9110.7
Accounts payable, accrued expenses, and other liabilities5,931.96,069.16,453.4
Debt[1]6,387.44,898.84,898.2
Total liabilities60,748.052,900.754,060.0
Shareholders' Equity   
Serial Preferred Shares, Series B, no par value (cumulative, liquidation preference $1,000 per share) (authorized, issued, and outstanding 0.5)493.9493.9493.9
Common shares, $1.00 par value (authorized 900.0; issued 797.6, including treasury shares of 212.5, 212.6, and 213.2)585.1584.4585.0
Paid-in capital1,839.61,772.91,735.9
Retained earnings14,987.515,339.715,390.0
Accumulated other comprehensive income (loss):   
Net unrealized gains (losses) on fixed-maturity securities(3,113.8)56.2369.0
Net unrealized losses on forecasted transactions(14.6)(14.9)(15.0)
Foreign currency translation adjustment(1.5)(0.6)(0.7)
Total accumulated other comprehensive income (loss)(3,129.9)40.7353.3
Total shareholders’ equity14,776.218,231.618,558.1
Total liabilities and shareholders’ equity$ 75,524.2$ 71,132.3$ 72,618.1
[1]Consists of long-term debt. See Note 4 – Debt for further discussion.