The Progressive Corporation
PGR
NYSE121.53
The Progressive Corporation
NYSE:PGR
RECENT
PRICE
121.53
P/E
RATIO
86.81
(PEG:-2.12)
P/E RATIO
RELATIVE
TO S&P
4.33
DIV
YLD
1.74%
High:
Low:
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Legends
Stock price
- - Beta (1.0 Market)
0
0
0
0
0
0
0
0
0
% total return 09/22:
Stock
S&P
1y.
0
0
3y.
0
0
5y.
0
0
0
Percent shares traded:
0
0
0
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
TTM
Fiscal year
19.10
2.13
2.18
0.03
20.67
1.66
2.33
1.98
19.22
(0.10)
2.17
0.15
21.84
1.59
2.13
- -
22.73
1.62
2.45
1.16
24.53
1.61
2.24
0.42
28.29
1.50
2.59
1.42
30.31
1.95
2.94
0.29
32.81
2.17
2.74
1.51
35.58
2.16
3.69
0.69
40.26
1.77
4.28
0.89
46.17
2.74
6.20
0.68
54.87
4.49
10.33
1.15
66.80
6.80
10.10
2.86
72.90
9.75
11.42
2.70
81.54
5.73
12.86
6.45
81.59
1.44
11.01
1.92
Revenue per share
Earnings per share
Free Cash Flow per sh
Dividends per share
0.43
8.84
0.19
6.95
0.15
6.31
0.10
8.62
0.10
9.19
0.12
9.18
0.21
9.96
0.23
10.33
0.18
11.73
0.22
12.45
0.37
13.68
0.27
15.99
0.46
18.58
0.62
23.42
0.38
29.13
0.42
31.18
0.48
29.72
CAPEX per share
Book Value per share
774
710
668
667
658
632
603
599
591
586
582
581
582
584
585
585
585
Comm.Shares outs.(m)
11.9
0.7
0.1%
13.0
0.7
9.2%
(165.7)
(7.7)
0.8%
9.6
0.1
- -
12.0
0.6
6.0%
12.3
0.8
2.1%
14.1
0.9
6.7%
13.1
0.8
1.2%
11.5
0.6
6.1%
13.3
0.7
2.4%
18.4
0.8
2.7%
16.2
0.7
1.5%
13.8
0.6
1.8%
10.9
0.4
3.9%
8.6
0.2
3.2%
16.6
0.6
6.8%
86.8
4.3
1.7%
Avg. annual P/E ratio
P/E relative to S&P500
Avg. annual div. yield
Capital Structure (30/6/22 | Q2)
Total liabilities
$57,405 m.
Total assets
$73,057 m.
Long-term debt
$6,387 m.
Cash and equiv.
$226 m.
Goodwill $228 m.
Retained earnings $14,968 m.
Common stock 584 m. shares
Market Capitalisation
$71,107 m. (as of 25/9/22)
15,508
- -
17,070
- -
18,156
- -
19,377
- -
20,832
- -
23,417
- -
26,816
- -
31,955
- -
38,998
- -
42,638
- -
47,677
6.9%
47,687
6.6%
Revenue (m)
Operating margin
89
1,016
94
902
101
1,165
97
1,281
151
1,268
200
1,031
236
1,592
262
2,615
306
3,970
332
5,705
337
3,351
349
852
Depreciation (m)
Net profit (m)
31.7%
6.5%
31.5%
5.3%
32.2%
6.4%
32.8%
6.6%
32.0%
6.1%
28.1%
4.4%
25.3%
5.9%
17.2%
8.2%
22.9%
10.2%
20.5%
13.4%
20.4%
7.0%
17.2%
1.7%
Income tax rate
Net profit margin
1,249
2,442
5,807
512
1,913
6,007
568
1,861
6,190
(10,899)
2,165
6,929
(13,438)
2,708
7,289
(14,029)
3,148
7,957
(17,578)
3,306
9,285
(22,986)
4,405
10,822
(27,283)
3,908
13,673
14,838
5,396
17,039
17,911
4,899
18,232
9,469
6,387
15,653
Working capital (m)
Long-term debt (m)
Equity (m)
13.4%
7.4%
17.5%
12.2%
6.4%
15.0%
15.5%
7.5%
18.8%
15.0%
7.8%
18.5%
13.7%
6.8%
17.4%
10.3%
4.7%
13.0%
13.6%
5.9%
17.1%
18.1%
7.1%
24.2%
22.8%
9.7%
29.0%
9.2%
11.5%
33.5%
5.0%
6.2%
18.4%
1.5%
1.7%
5.4%
ROIC
Return on capital
Return on equity
Working Capital
2019
2020
2021
Cash assets
35,135
34,986
35,096
Receivables
7,507
12,180
14,380
Inventory
- -
- -
- -
Other
(33,110)
(39,448)
(41,472)
Current assets
9,532
14,838
17,911
Acc. Payable
5,963
4,956
6,011
Debt due
499
- -
- -
Other
30,353
(4,956)
(6,011)
Current liab.
36,815
- -
- -
74.0%
88.9%
5.4%
65.7%
84.9%
25.5%
30.3%
72.0%
68.2%
28.3%
49.7%
28.6%
75.2%
12.7%
74.4%
12.4%
57.9%
29.9%
72.3%
25.3%
(12.6)%
53.2%
(31.9)%
19.9%
Plowback ratio
Div.&Repurch. to FCF
The Progressive Corporation (US) started trading on June 1, 1987 (cik: 0000080661), operates in the Financial Services sector (Insurance—Property & Casualty industry), has 49,077 full-time employees, and is led by Ms. Susan Griffith. 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.
Annual rates
(avg rate of change)
Past
5 y.
Past
10 y.
Revenues
15.59%
12.21%
Cash flow
22.73%
20.99%
Earnings
29.62%
21.37%
Dividends
88.13%
70.16%
Book value
18.63%
13.39%
Insider trading
Type
Shares
Date
Callahan Patrick K
Sale
19,068
09/16/22
Quigg Andrew J
Sale
3,180
08/26/22
Niederst Lori A
Sale
10,522
08/26/22
Mascaro Daniel P
InKind
8,482
08/25/22
Mascaro Daniel P
Award
20,273
08/25/22
Fiscal Year Ends
Quarterly Revenue (m)
Full fiscal year
I
II
III
IV
2020
9,318
10,967
10,943
11,410
42,638
2021
11,440
11,899
11,853
12,485
47,677
2022
11,836
11,513
- -
- -
- -
Fiscal Year Ends
Earnings per share
Full fiscal year
I
II
III
IV
2020
1.18
3.06
2.62
2.88
9.74
2021
2.53
1.35
0.20
1.65
5.73
2022
0.54
(0.93)
- -
- -
- -
Fiscal Year Ends
Quarterly dividends paid
Full fiscal year
I
II
III
IV
2020
2.37
0.10
0.12
0.10
2.70
2021
4.63
0.10
0.12
1.60
6.45
2022
0.12
0.08
- -
- -
- -