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Progressive Corp Stock Research

PGR

143.26USD+0.86(+0.60%)Market Closed
Watchlist

Market Summary

USD143.26+0.86
Market Closed
0.60%

PGR Alerts

  • 3 major insider sales recently.
  • Big jump in Revenue (Y/Y)
  • Big jump in Earnings (Y/Y)

PGR Stock Price

PGR RSI Chart

PGR Valuation

Market Cap

83.8B

Price/Earnings (Trailing)

48.05

Price/Sales (Trailing)

1.51

EV/EBITDA

30.86

Price/Free Cashflow

11.24

PGR Price/Sales (Trailing)

PGR Profitability

EBT Margin

2.08%

Return on Equity

5.07%

Return on Assets

1.06%

Free Cashflow Yield

8.9%

PGR Fundamentals

PGR Revenue

Revenue (TTM)

55.3B

Revenue Y/Y

33.29%

Revenue Q/Q

7.34%

PGR Earnings

Earnings (TTM)

1.7B

Earnings Y/Y

163.62%

Earnings Q/Q

-22.88%

Price Action

52 Week Range

110.04149.87
(Low)(High)

Last 7 days

3.3%

Last 30 days

9.9%

Last 90 days

7.9%

Trailing 12 Months

17.0%

PGR Financial Health

PGR Investor Care

Dividend Yield

0.28%

Dividend/Share (TTM)

0.4

Shares Dilution (1Y)

0.10%

Diluted EPS (TTM)

2.91

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for PGR

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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

1–10 of 50

Which funds bought or sold PGR recently?

View All Details
Datesorted ascendingFund NameType% 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%

1–10 of 48

Latest Funds Activity

Are funds buying PGR calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own PGR
No. of Funds

Schedule 13G FIlings of Progressive

Date FiledName of FilerPercent of ClassNo. of SharesForm 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

Recent SEC filings of Progressive

View All Filings
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

PGR Fair Value

Loading...

Peers (Alternatives to Progressive)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
83.8B
55.3B
9.87% 17.02%
48.05
1.51
11.39% 104.72%
44.7B
50.4B
6.87% 21.67%
9.92
0.89
-9.25% -63.51%
29.9B
54.6B
8.02% -9.66%
-11.17
0.55
9.14% -383.17%
9.6B
7.5B
-0.38% -4.31%
11.27
1.28
12.86% -17.26%
-
23.6B
2.33% 16.97%
-
-
5.78% -4.19%
38.4B
38.7B
4.29% 8.00%
17.2
0.99
8.33% -37.32%
25.2B
13.3B
0.67% 24.34%
20.79
1.9
12.64% 55.58%
MID-CAP
3.9B
1.3B
-2.43% 27.00%
14.11
3.01
41.34% 137.60%
10.4B
7.4B
11.61% 46.43%
25.13
1.39
62.27% 144.80%
SMALL-CAP
1.3B
348.9M
1.26% -38.66%
22.1
3.67
16.85% 25.90%
1.2B
1.4B
6.41% -18.68%
-113.69
0.88
3.44% -114.81%
1.0B
1.1B
8.32% -8.43%
110.3
0.9
-2.53% -76.30%
586.9M
901.0M
5.12% -34.78%
12.65
0.65
14.76% 164.17%

Progressive News

MarketBeat
Progressive (NYSE:PGR) Downgraded to "Hold" at StockNews.com.
MarketBeat,
40 minutes ago
Zacks Investment Research
Investing.com UK
InvestorsObserver

Returns for PGR

Cumulative Returns on PGR

21.7%


10-Year Cumulative Returns

27.7%


7-Year Cumulative Returns

18.5%


5-Year Cumulative Returns

17.5%


3-Year Cumulative Returns

Risks for PGR

What is the probability of a big loss on PGR?

4.2%


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.

Drawdowns

Financials for Progressive

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue7.4%55,31751,48249,61150,69449,66049,12347,70245,20844,79144,78042,65841,98340,56739,04639,02235,47634,44133,00931,97931,06429,360
EBITDA-100.0%-1,6411,4711,6361,6203,2374,7085,6137,3968,3927,3906,6145,6924,6585,3504,2524,3673,9973,330--
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 Expenses1.1%255253244232223217219223225225217208199190190188183177167156151
Earnings Before Taxes98.6%2,1581,0869221,1011,0972,7324,2105,1126,8978,1667,1736,4065,4934,4685,1604,0644,1843,8203,1643,6132,734
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 Income103.8%1,7448567228578522,1853,3514,0735,4856,4865,7055,0854,3963,5853,9703,1643,2512,9762,6152,9272,223
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%-6,5346,5576,0716,4347,3847,5188,6227,7547,6836,6826,2286,4955,6695,8985,8345,8096,1006,019--
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets3.2%82,94580,40775,46575,52473,05773,93071,13272,61869,82465,41364,09862,90659,42156,26654,91154,00851,32448,85046,57545,54443,364
    Cash Equivalents-37.8%18028922136524128720228611512377.0091.0010937022746.0093.0015975.00123158
  Net PPE4.2%9899491,0341,0671,1251,1041,1371,1611,0861,0771,1061,1821,1901,2151,2141,2141,1751,1271,1321,1391,116
  Goodwill0%228228228228228453453453453453453453453453453453453453453453453
Liabilities4.2%66,23463,53959,57460,74857,40556,87852,90154,06051,14947,57747,06044,81942,75141,68941,01239,66237,77336,51835,53933,46832,145
Shareholder's Equity-0.9%16,71116,86815,89114,77615,65317,05118,23218,55818,67617,83717,03918,08716,67114,35213,67314,12313,33112,11110,82211,85911,001
  Retained Earnings1.7%16,35016,08015,72114,98814,96815,57015,34015,39015,40114,68013,35514,42813,00211,26610,68010,99510,2769,3588,3879,6028,720
  Additional Paid-In Capital1.5%1,9361,9081,8931,8401,8151,7891,7731,7361,7121,6861,6731,6291,6151,6021,5731,5391,5231,4971,4791,4431,426
Accumulated Depreciation0.2%1,5801,5761,5511,4991,5131,4561,4071,4221,3971,3191,2911,2651,2421,1921,1381,0851,1061,0651,0331,005985
Shares Outstanding0%585585-585584584-585585585-585585585-584584584-583582
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations13.9%7,7436,7966,8496,3716,7157,6507,7628,8577,9657,8946,9066,4876,7666,0196,2626,2176,1766,4066,2855,7355,218
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 Financing132.0%116-3631,126214-308-338-4,516-3,621-3,094-3,302-938-904-919-692-1,770-1,461-1,383-1,312550296239
  Dividend Payments0%2342342341,1111,1111,1113,7472,8702,8702,8701,5511,5511,5511,5511,6431,5851,5261,468655655655

PGR Income Statement

2023-06-30
Consolidated Statements of Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended6 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 income454.5292.4874.1534.6
Net realized gains (losses) on securities:    
Net realized gains (losses) on security sales135.1546.6104.8492.1
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 securities126.9(1,177.7)198.7(1,623.0)
Fees and other revenues226.7176.5432.9350.5
Service revenues81.080.1153.5147.8
Total revenues15,353.511,519.229,656.723,360.7
Expenses    
Losses and loss adjustment expenses12,170.19,421.122,794.118,279.5
Policy acquisition costs1,153.6933.62,269.41,897.0
Other underwriting expenses1,431.71,431.23,289.62,937.5
Investment expenses6.15.911.611.6
Service expenses90.675.5172.9138.7
Interest expense65.763.0129.0117.3
Goodwill impairment0.0224.80.0224.8
Total expenses14,917.812,155.128,666.623,606.4
Net Income (Loss)    
Income (loss) before income taxes435.7(635.9)990.1(245.7)
Provision (benefit) for income taxes90.3(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 transactions0.10.00.20.2
Foreign currency translation adjustment0.2(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]9.56.716.813.4
Net income (loss) available to common shareholders$ 335.9$ (549.6)$ 776.5$ (242.4)
Average common shares outstanding - Basic584.9584.3584.9584.3
Net effect of dilutive stock-based compensation2.12.22.12.1
Total average equivalent common shares - Diluted587.0586.5587.0586.4
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)
[1]Changed to a floating dividend rate in March 2023. See Note 1 – Basis of Reporting and Accounting for further discussion.

PGR Balance Sheet

2023-06-30
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)1,494.32,861.74,611.8
Total available-for-sale securities55,572.449,513.647,784.3
Nonredeemable preferred stocks (cost: $1,107.1, $1,522.5, and $1,364.2)985.11,213.21,360.5
Common equities (cost: $662.0, $783.6, and $826.1)2,708.12,821.52,784.7
Total equity securities3,693.24,034.74,145.2
Total investments59,265.653,548.351,929.5
Cash and cash equivalents163.9203.5226.1
Restricted cash and cash equivalents15.617.414.4
Total cash, cash equivalents, restricted cash, and restricted cash equivalents179.5220.9240.5
Accrued investment income354.2282.5216.7
Premiums receivable, net of allowance for credit losses of $343.9, $265.8, and $343.312,273.310,416.910,561.8
Reinsurance recoverables5,516.95,832.14,961.2
Prepaid reinsurance premiums242.9295.5464.3
Deferred acquisition costs1,685.61,544.41,498.4
Property and equipment, net of accumulated depreciation of $1,580.1, $1,512.6, and $1,551.1989.01,034.01,124.7
Goodwill227.9227.9227.9
Intangible assets, net of accumulated amortization of $167.1, $147.7, and $158.677.886.397.2
Net federal deferred income taxes1,198.51,131.5955.6
Other assets934.0844.7779.4
Total assets82,945.275,465.073,057.2
Liabilities   
Unearned premiums20,070.117,293.617,274.8
Loss and loss adjustment expense reserves32,753.330,359.327,812.0
Accounts payable, accrued expenses, and other liabilities6,524.05,532.85,931.2
Debt[1]6,886.56,388.36,386.5
Total liabilities66,233.959,574.057,404.5
Shareholders' Equity   
Serial Preferred Shares, Series B, no par value (cumulative, liquidation preference $1,000 per share) (authorized, issued, and outstanding 0.5)493.9493.9493.9
Common shares, $1.00 par value (authorized 900.0; issued 797.6, including treasury shares of 212.3, 212.7, and 212.7)585.3584.9584.9
Paid-in capital1,935.71,893.01,815.2
Retained earnings16,350.415,721.214,967.7
Accumulated other comprehensive income (loss):   
Net unrealized gains (losses) on fixed-maturity securities(2,638.7)(2,786.3)(2,193.5)
Net unrealized losses on forecasted transactions(14.3)(14.5)(14.7)
Foreign currency translation adjustment(1.0)(1.2)(0.8)
Total accumulated other comprehensive income (loss)(2,654.0)(2,802.0)(2,209.0)
Total shareholders’ equity16,711.315,891.015,652.7
Total liabilities and shareholders’ equity$ 82,945.2$ 75,465.0$ 73,057.2
[1]Consists of long-term debt. See Note 4 – Debt for further discussion.
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.