US stock · Financial Services sector · Insurance—Property & Casualty
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The Progressive Corporation

PGRNYSE

110.99

USD
+0.57
(+0.52%)
Market Closed
30.23P/E
18Forward P/E
1.17P/E to S&P500
64.918BMarket CAP
1.72%Div Yield
Upcoming Earnings
21 Jun
Shares Short
4/29/22
6.37M
Short % of Float
1.09%
Short % of Shares Outs.
1.09%
% Held by Insiders
0.25%
% Held by Institutions
86.50%
Beta
0.48
PEG Ratio
0.78
52w. high/low
120.17/89.35
Avg. Daily Volume
2.66M
Return %
Stock
S&P 500
1 year
10.20
(6.46)
3 years
39.61
36.32
5 years
168.09
63.92
Scale: |
High
Low
25.16
17.26
21.31
10.29
18.22
9.76
22.13
16.18
22.08
16.88
23.41
19.01
28.54
21.36
27.52
22.53
33.95
25.23
35.95
29.32
57.18
35.23
73.69
50.79
84.96
58.10
102.05
62.18
107.59
84.89
120.17
100.81
Currency: USD
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
TTM
Revenue per share
19.10
20.67
19.22
21.84
22.73
24.53
28.29
30.31
32.81
35.58
40.26
46.17
54.87
66.80
72.90
81.54
82.24
Earnings per share
2.13
1.66
(0.10)
1.59
1.62
1.61
1.50
1.95
2.17
2.16
1.77
2.74
4.49
6.80
9.75
5.73
3.71
FCF per share
2.18
2.33
2.17
2.13
2.45
2.24
2.59
2.94
2.74
3.69
4.28
6.20
10.33
10.10
11.42
12.86
12.63
Dividends per share
0.03
1.98
0.15
- -
1.16
0.42
1.42
0.29
1.51
0.69
0.89
0.68
1.15
2.86
2.70
6.45
1.92
CAPEX per share
0.43
0.19
0.15
0.10
0.10
0.12
0.21
0.23
0.18
0.22
0.37
0.27
0.46
0.62
0.38
0.42
0.46
Book Value per sh.
8.84
6.95
6.31
8.62
9.19
9.18
9.96
10.33
11.73
12.45
13.68
15.99
18.58
23.42
29.13
31.18
31.01
Comm.Shares outs.
774
710
668
667
658
632
603
599
591
586
582
581
582
584
585
585
585
Avg. annual P/E ratio
11.9
13.0
(165.7)
9.6
12.0
12.3
14.1
13.1
11.5
13.3
18.4
16.2
13.8
10.9
8.6
16.6
30.2
P/E to S&P500
0.7
0.7
(7.7)
0.1
0.6
0.8
0.9
0.8
0.6
0.7
0.8
0.7
0.6
0.4
0.2
0.6
1.2
Avg. annual div. yield
0.1%
9.2%
0.8%
- -
6.0%
2.1%
6.7%
1.2%
6.1%
2.4%
2.7%
1.5%
1.8%
3.9%
3.2%
6.8%
1.9%
Revenue (m)
14,786
14,687
12,840
14,564
14,957
15,508
17,070
18,156
19,377
20,832
23,417
26,816
31,955
38,998
42,638
47,677
48,073
Operating margin
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
6.9%
6.6%
Depreciation (m)
357
418
134
128
129
89
94
101
97
151
200
236
262
306
332
337
346
Net profit (m)
1,648
1,183
(70)
1,058
1,068
1,016
902
1,165
1,281
1,268
1,031
1,592
2,615
3,970
5,705
3,351
2,185
Income tax rate
32.3%
30.2%
68.5%
32.1%
31.7%
31.7%
31.5%
32.2%
32.8%
32.0%
28.1%
25.3%
17.2%
22.9%
20.5%
20.4%
18.8%
Net profit margin
11.1%
8.1%
(0.5)%
7.3%
7.1%
6.5%
5.3%
6.4%
6.6%
6.1%
4.4%
5.9%
8.2%
10.2%
13.4%
7.0%
4.5%
Working capital (m)
(11,450)
(11,734)
(11,859)
(12,124)
(9,155)
1,249
512
568
(10,899)
(13,438)
(14,029)
(17,578)
(22,986)
(27,283)
14,838
17,911
4,633
Long-term debt (m)
1,186
2,174
2,176
2,177
1,958
2,442
1,913
1,861
2,165
2,708
3,148
3,306
4,405
3,908
5,396
4,899
6,386
Equity (m)
6,847
4,936
4,215
5,749
6,049
5,807
6,007
6,190
6,929
7,289
7,957
9,285
10,822
13,673
17,039
18,232
17,051
ROIC
21.2%
17.7%
(0.4)%
14.5%
14.5%
13.4%
12.2%
15.5%
15.0%
13.7%
10.3%
13.6%
18.1%
22.8%
9.2%
5.0%
3.6%
Return on capital
12.9%
9.6%
(0.5)%
8.5%
8.0%
7.4%
6.4%
7.5%
7.8%
6.8%
4.7%
5.9%
7.1%
9.7%
11.5%
6.2%
4.0%
Return on equity
24.1%
24.0%
(1.7)%
18.4%
17.7%
17.5%
15.0%
18.8%
18.5%
17.4%
13.0%
17.1%
24.2%
29.0%
33.5%
18.4%
12.8%
Plowback ratio
98.5%
(18.9)%
240.4%
100.0%
28.5%
74.0%
5.4%
84.9%
30.3%
68.2%
49.7%
75.2%
74.4%
57.9%
72.3%
(12.6)%
48.6%
Div.&Repurch./FCF
70.8%
176.7%
- -
12.7%
63.3%
88.9%
65.7%
25.5%
72.0%
28.3%
28.6%
12.7%
12.4%
29.9%
25.3%
53.2%
17.5%
Capital Structure
2 May · 2022 | Q1
All numbers in millions
Total liabilities
$ 56,878
Total assets
$ 73,930
Long-term debt
$ 6,386
Cash and equiv.
$ 273
Goodwill
$ 453
Retained earnings
$ 15,570
Common stock
584
Enterprise Value
$ 71,031
Working Capital
Currency: USD, in millions
2019
2020
2021
Cash & Investments
35,135
42,106
45,003
Receivables
7,507
12,180
14,380
Inventory
- -
- -
- -
Other
(33,110)
(39,597)
(41,511)
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 liabilities
36,815
- -
- -
Annual growth rates
(avg. rate of change)
1 year
5 years
10 years
Revenue
11.82%
15.59%
12.21%
Cash flow
12.51%
22.73%
20.99%
Earnings
(41.26)%
29.62%
21.37%
Dividends
139.15%
88.13%
70.16%
Book value
7.00%
18.63%
13.39%
Insider Trading
Type
Shares
Date
Kelly Jeffrey D
Award
1,695
05/16/22
Craig Pamela J.
Award
1,859
05/16/22
Burgdoerfer Stuart B
Award
1,914
05/16/22
Van Dyke Kahina
Award
2,871
05/16/22
Tighe Jan E
Award
2,871
05/16/22
Quarterly Revenue
Currency: USD, in millions
Year
1Q
2Q
3Q
4Q
Total
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
- -
- -
- -
- -
Earnings per share
Currency: USD
Year
1Q
2Q
3Q
4Q
Total
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
- -
- -
- -
- -
Quarterly dividends paid
Currency: USD
Year
1Q
2Q
3Q
4Q
Total
2020
2.37
0.10
0.12
0.10
2.70
2021
4.63
0.10
0.12
1.60
6.45
2022
0.10
- -
- -
- -
- -
Company Description
Sector:
Financial Services
Industry:
Insurance—Property & Casualty
CEO:
Ms. Susan Griffith
Full-time employees:
49,077
City:
MAYFIELD VILLAGE
Address:
6300 Wilson Mills Rd
IPO:
Jun 1, 1987
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.
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