Revenue segments as reported by the company.

Net premiums earned 

Investment income

Net realized gains (losses) on securities

Fees and other revenues

Service revenues

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Losses and loss adjustment expenses

Policy acquisition costs

Other underwriting expenses

Policyholder credit expense

Investment expenses

Service expenses

Interest expense

Goodwill impairment

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Progressive

Progressive Corp. is an insurance holding company. engages in the provision of personal and commercial auto insurance, residential property insurance, and other specialty property-casualty insurance and related services. It operates through the following segments: Personal Lines, Commercial Lines and Property. The Personal Lines segment includes agency and direct businesses. The Commercial Lines segment writes primary liability and physical damage insurance for automobiles and trucks owned and operated predominately by small business in the auto, for-hire transportation, contractor, for-hire specialty, tow, and for-hire livery markets. The Property segment covers residential property insurance for homeowners, other property owners, and renters. The company was founded on March 10, 1937, and is headquartered in Mayfield Village, OH.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Progressive beats goals with strong growth and telematics advancements

Progressive's strong performance in exceeding goals and growth in policies.
Emphasis on accurate pricing, segmentation, and underwriting for profitability.
Challenges include pandemic impact and balancing telematics integration.
Opportunities lie in deeper telematics integration and multi-product households.

Progressive takes aggressive actions to improve margins and drive growth

Progressive is proactively managing margins through rate increases and cost-saving measures. Despite challenges in meeting targets, the company is confident in its growth trajectory. Opportunities lie in optimizing pricing strategies and leveraging industry-leading segmentation to drive profitability.

Progressive manages challenges, focuses on profitability amid industry changes

Progressive navigated challenges in Q2 2023 with a focus on balancing growth and profitability while maintaining a 96 combined ratio goal.
The company's strong risk management practices and customer-centric pricing strategies position it well for future growth opportunities.
Efficient customer acquisition, detailed loss reserving processes, and strategic underwriting are key to Progressive's performance and future success.

Progressive reports solid Q3 performance amidst competitive challenges and opportunities

Progressive's Q3 performance was positive, driven by premium and profitability enhancements through rate actions and reserve developments.
While facing challenges like declining new apps and competitive rate increases, Progressive's strengths in retention rates and strategic investments position it well for growth.
Opportunities in dynamic rate adjustments, successful BOP rollout, and cautious growth strategies amidst uncertainties highlight Progressive's adaptability and focus on sustainable growth.
The company's focus on stability, organic growth, and strategic investments in telematics underscore its commitment to long-term success and competitiveness.

Progressive (PGR) reports strong growth and profitability amidst competitive market

Progressive's strategic focus on customer needs, market share expansion, and profitability drives its growth trajectory. The company's emphasis on efficient marketing spend, rate adequacy, and digital investments positions it well for continued success.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Progressive Corp. is an insurance holding company, which engages in the provision of personal and commercial auto insurance, residential property insurance, and other specialty property-casualty insurance and related services. It operates through the following segments: Personal Lines, Commercial Lines, and Property. The Personal Lines segment includes agency and direct businesses. The Commercial Lines segment writes primary liability and physical damage insurance for automobiles and trucks owned and operated predominately by small business in the auto, for-hire transportation, contractor, for-hire specialty, tow, and for-hire livery markets. The Property segment covers residential property insurance for homeowners, other property owners, and renters. The company was founded on March 10, 1937, and is headquartered in Mayfield Village, OH.

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Progressive (PGR) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

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Progressive's (PGR) February earnings reflect solid policies in force, higher premium and improved investment income, partly offset by higher expenses.

Progressive (PGR) February Earnings & Revenues Increase Y/Y

The Progressive Corporation's share price has risen more than three times that of the S&P 500's rate of growth in the last five years. The business model is profitable, and the underwriting business' profitability and the firm's loss ratio are exceptional.

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MAYFIELD VILLAGE, OHIO, March 15, 2023 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for February 2023:

Progressive Reports February 2023 Results

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Over the past year, The Progressive Corporation's stock price has appreciated 9.87%, leading the SPY (-2.11%) as well as the general insurance index, IAK (-4.21%). The insurer's ability to both leverage macro financial trends, implement efficacious technology solutions, and their expansion into segments such as property and commercial lines have largely contributed to this growth.

Progressive: Continued Leadership With Broad-Based Expansion Strategies

A compelling portfolio, leadership position, strength in Vehicle and Property businesses, healthy policies in force, retention and solid capital position continue to drive Progressive (PGR).

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MAYFIELD VILLAGE, OHIO, March 06, 2023 (GLOBE NEWSWIRE) -- On March 3, 2023, the Board of Directors of The Progressive Corporation (NYSE:PGR) declared a $0.10 per common share dividend, payable April 14, 2023, to shareholders of record at the close of business on April 6, 2023 (ex-dividend date of April 5, 2023).

Progressive Announces Quarterly Common Share Dividend and Appointment of Calculation Agent for Preferred Shares

The Progressive Corporation (NYSE:PGR ) Q4 2022 Results Conference Call February 28, 2023 9:30 AM ET Company Participants Doug Constantine - Director, IR Tricia Griffith - CEO Jim Haas - Business Leader, Personal Lines Telematics Cory Fischer - Business Leader, Commercial Lines Product Development John Sauerland - CFO Conference Call Participants Michael Zaremski - BMO David Motemaden - Evercore ISI Alex Scott - Goldman Sachs Andrew Kligerman - Credit Suisse Elyse Greenspan - Wells Fargo Tracy Benguigui - Barclays Josh Shanker - Bank of America Meyer Shields - KBW Paul Newsome - Piper Sandler Gregory Peters - Raymond James Michael Ward - Citi Ryan Tunis - Autonomous Doug Constantine Good morning, and thank you for joining us today for Progressive's Fourth Quarter Investor Event. I am Doug Constantine, Director of Investor Relations, and I will be moderator for today's event.

The Progressive Corporation (PGR) Q4 2022 Earnings Call Transcript

Progressive (PGR) reported earnings 30 days ago. What's next for the stock?

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Progressive's (PGR) November earnings reflect higher premiums improved revenues and net realized gains on securities.

Progressive (PGR) November Earnings Rise on Higher Revenues

MAYFIELD VILLAGE, OHIO, Feb. 15, 2023 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for January 2023:

Progressive Reports January 2023 Results

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Progressive's (PGR) Q4 earnings reflect improvement in the top line, offset by higher expenses.

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Progressive (PGR) delivered earnings and revenue surprises of 0.67% and 1.63%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Progressive (PGR) Q4 Earnings and Revenues Beat Estimates

News for Progressive Stock (PGR)