The Progressive Corporation(PGR) Stock Research - Grey Stern Research
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The Progressive Corporation (PGR) Stock Analysis

$242.47 (1.13%)

PGR Financial Performance


Use the table below to view The Progressive Corporation's financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q3 - 2024

Metric Value Ranking among Peers
Price $242.47 -
52 Week Low $166.92 -
52 Week High $270.62 -
Market Cap $142.0 Billion 1/9
Gross Margin 100% 1/9
Profit Margin 12% 6/9
EBITDA margin 15% 5/9
Q3 - 2024 Revenue $19.7 Billion 1/9
Q3 - 2024 Earnings $2.3 Billion 1/9
Q3 - 2024 Free Cash Flow $6.3 Billion 1/9
Trailing 4 Quarters Revenue $70.8 Billion 1/9
Trailing 4 Quarters Earnings $8.1 Billion 2/9
Quarterly Earnings Growth 108% 6/9
Annual Earnings Growth 276% 3/9
Quarterly Revenue Growth 27% 5/9
Annual Revenue Growth 15% 5/9
Cash On Hand $147.0 Million 7/9
Short Term Debt $0 6/9
Long Term Debt $6.9 Billion 4/9

The Progressive Corporation Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare The Progressive Corporation's metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE 17.51 2/9
PS 2.01 4/9
PB 5.23 2/9
PC 966.27 1/9
Liabilities to Equity 18.44 1/9
ROA 0.08 3/9
ROE 1.92 1/9
Current Ratio 1.35 6/9
Quick Ratio 0.01 7/9
Long Term Debt to Equity 1.63 1/9
Debt to Equity 1.63 1/9
Burn Rate -0.07 1/9
Cash to Cap 0.00 9/9
CCR 2.70 3/9
EV to EBITDA 49.35 4/9
EV to Revenue 2.10 5/9

Company Details

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.

CEO: Ms. Susan Griffith

Website: https://www.progressive.com

Address: 6300 Wilson Mills Rd MAYFIELD VILLAGE, OHIO

Exchange: New York Stock Exchange

Industry: Insurance—Property & Casualty

The Progressive Corporation Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to The Progressive Corporation. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
W. R. Berkley Corporation WRB $22.8 Billion
Chubb Limited CB $108.2 Billion
The Allstate Corporation ALL $49.8 Billion
The Travelers Companies, Inc. TRV $54.5 Billion
Cincinnati Financial Corporation CINF $22.1 Billion
RLI Corp. RLI $7.1 Billion
Kinsale Capital Group, Inc. KNSL $10.2 Billion
White Mountains Insurance Group, Ltd. WTM $4.8 Billion
Run Peer Analysis
Income Statement
Balance Sheet
Cash Flow Statement
PGR Income Statements
Quarter Year Revenue Earnings
Q3 2024 $ 19.7 Billion $2.3 Billion
Q2 2024 $ 17.8 Billion $1.5 Billion
Q1 2024 $ 17.2 Billion $2.3 Billion
Q4 2023 $ 16.1 Billion $2.0 Billion
Q3 2023 $ 15.6 Billion $1.1 Billion
Q2 2023 $ 15.3 Billion $345.4 Million
Q1 2023 $ 14.3 Billion $447.9 Million
Q4 2022 $ 13.5 Billion $826.4 Million

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PGR Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q3 2024 $147.0 Million $105.2 Billion $6.9 Billion $4.2 Billion
Q2 2024 $101.7 Million $92.7 Billion $6.9 Billion $23.3 Billion
Q1 2024 $167.9 Million $88.9 Billion $6.9 Billion $21.8 Billion
Q4 2023 $6.9 Billion $83.6 Billion $6.9 Billion $0
Q3 2023 $0 $85.7 Billion $6.9 Billion $17.4 Billion
Q2 2023 $0 $82.9 Billion $6.9 Billion $16.7 Billion
Q1 2023 $273.7 Million $80.4 Billion $6.4 Billion $16.9 Billion
Q4 2022 $203.5 Million $75.5 Billion $6.4 Billion $15.9 Billion

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PGR Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q3 2024 $6.3 Billion -$48.1 Million $8.6 Million
Q2 2024 $3.2 Billion -$67.9 Million -$66.2 Million
Q1 2024 $4.2 Billion -$50.2 Million $68.3 Million
Q4 2023 $0 $0 $0
Q3 2023 $0 $0 $0
Q2 2023 $2.2 Billion -$90.4 Million -$109.1 Million
Q1 2023 $2.4 Billion -$43.2 Million $67.7 Million
Q4 2022 $882.6 Million -$47.0 Million -$144.4 Million

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