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

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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

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Investment expenses

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Goodwill impairment

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

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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

Earnings data Q3 2021

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

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Minority interest

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Book value per share

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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.

Progressive (PGR) is poised to grow given its solid segmental performance, underwriting profitability and growing cash balance

Here's Why You Should Hold Progressive (PGR) in Your Portfolio

The shares of Progressive Corporation (NYSE:PGR) are down 4% to trade at $96.34 at last check, after Morgan Stanley downgraded the stock to "underweight," with a price-target cut to $85 from $90.

Progressive Stock Dips After Morgan Stanley Downgrade

Protective Insurance Corp. - Ordinary Shares - Class A

Protective Insurance Corp. - Ordinary Shares - Class B

MAYFIELD VILLAGE, Ohio, June 01, 2021 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE: PGR) today announced that it has successfully completed the acquisition of Protective Insurance Corporation (NASDAQ: PTVCA and PTVCB). Under the terms of the merger agreement, holders of Class A and Class B common shares of Protective will receive $23.30 per share in cash, without interest, for a total transaction value of approximately $338 million. The acquisition was previously announced on February 16, 2021.

Protective Insurance Acquired by Progressive

MAYFIELD VILLAGE, OHIO, June 01, 2021 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE: PGR) today announced that it has successfully completed the acquisition of Protective Insurance Corporation (NASDAQ: PTVCA and PTVCB). Under the terms of the merger agreement, holders of Class A and Class B common shares of Protective will receive $23.30 per share in cash, without interest, for a total transaction value of approximately $338 million. The acquisition was previously announced on February 16, 2021.

Progressive Completes Acquisition of Protective Insurance

Lemonade

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Progressive's (PGR) April results reflect solid policies in force and higher net premiums earned, offset by rise in expenses and lower net investment income.

Progressive (PGR) April Earnings Decline, Revenues Rise Y/Y

MAYFIELD VILLAGE, OHIO, May 19, 2021 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for April 2021:

Progressive Reports April 2021 Results

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Wedgewood Partners Chief Investment Officer David Rolfe (Trades, Portfolio) disclosed his portfolio for the first quarter of 2021 earlier this week.

David Rolfe's Top 6 Trades of the 1st Quarter

Progressive has posted impressive margins for years, and is handily beating the S&P 500 in the process.

This Stock Is a Money-Making Machine in an Industry Warren Buffett Loves

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Progressive has been growing its premiums at mid-teens with combined ratios below 91% over the last several years.

The Progress Of Progressive: Massive Insurer With Growth Of A Tech Company

MAYFIELD VILLAGE, OHIO, May 10, 2021 (GLOBE NEWSWIRE) -- On May 7, 2021, the Board of Directors of The Progressive Corporation (NYSE:PGR) declared a $0.10 per common share quarterly dividend, payable July 15, 2021, to shareholders of record at the close of business on July 7, 2021 (ex-dividend date of July 6, 2021). The Board also renewed the Company's authorization to repurchase up to 25 million of its common shares. This authorization, which does not have an expiration date, replaced the prior authorization, which was terminated.

Progressive Announces Common Share Dividend and Share Repurchase Authorization

The Progressive's (PGR) CEO Tricia Griffith on Q1 2021 Results - Earnings Call Transcript

The shares of Progressive Corp (NYSE:PGR) are down 0.8% to trade at $97.99 at last check, after a downgrade from Raymond James to "outperform" from "strong buy.

Progressive Stock Petering Out Following Analyst Downgrade

Virgin Galactic

Virgin Galactic Holdings Inc (NYSE:SPCE) shares are trading lower by 11.5% Thursday morning after Richard Branson cut his stake in the company by $150 million. Virgin Galactic is a vertically integrated aerospace company, pioneering human spaceflight for private individuals and researchers, as well as a manufacturer of advanced air and space vehicles.

What's Going On With Virgin Galactic Stock And Progressive Stock Today?

Progressive (PGR) delivered earnings and revenue surprises of -3.37% and -1.80%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Progressive (PGR) Lags Q1 Earnings and Revenue Estimates

Progressive (PGR) Q1 earnings reflect increase in expenses, partly offset by improvement in premiums earned.

Progressive (PGR) Q1 Earnings Miss Estimates, Revenues Up Y/Y

Shares of Progressive (NYSE:PGR) rose 1.5% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share were up 47.86% over the past year to $1.73, which beat the estimate of $1.72.

Recap: Progressive Q1 Earnings

MAYFIELD VILLAGE, OHIO, April 15, 2021 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for March and the first quarter of 2021:

Progressive Reports March 2021 Results

Progressive has been growing each year and improving operations while scaling. The combined ratio has declined 7% since 2016, improving the bottom line.

Progressive Corp.: A History Of Progressive Improvement Over Time

Progressive's (PGR) first-quarter earnings are likely to have gained from improved premiums.

Can Progressive (PGR) Retain Its Earnings Beat Streak in Q1?

Progressive total return over-performed the Dow average for my 64-month test period by 109.03%, which is great.

The Progressive Corporation: Great Total Return But Dividend Payments Erratic

NEW ORLEANS, March 29, 2021 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq.

PROTECTIVE INSURANCE INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Protective Insurance Corporation - PTVCA, PTVCB

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With the trading day about halfway over, the broad markets were sliding into the weekend.

Dollar General, Progressive, Starbucks, Molson Coors and More Friday Afternoon Analyst Calls

Progressive's (PGR) February results reflect increase in premiums, fee income and service revenues, partially offset by increase in expenses.

News for Progressive Stock (PGR)