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

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

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.

MAYFIELD VILLAGE, OHIO, March  17, 2020  (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE: PGR) today announced the pricing of $500 million aggregate principal amount of its 3.20% Senior Notes due 2030 (the “2030 notes”) and $500 million aggregate principal amount of its 3.95% Senior Notes due 2050 (the “2050 notes”) in an underwritten public offering.  The 2030 notes were priced at 100.000% of par, and the 2050 notes were priced at 99.148% of par. BofA Securities, Inc., Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are acting as joint book-running managers for the offering.

Progressive Prices $1.0 Billion of Senior Notes

The Progressive Corporation (PGR) CEO Tricia Griffith on Q4 2019 Results - Earnings Call Transcript

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

Progressive (PGR) Down 6.7% Since Last Earnings Report: Can It Rebound?

Progressive shows improving price performance, earning an upgrade to its IBD Relative Strength Rating

Progressive Profit, Sales Motor Higher; To Hire 8,000 In 2020

MAYFIELD VILLAGE, OHIO, Feb.  19, 2020  (GLOBE NEWSWIRE) -- On February 14, 2020, the Board of Directors of The Progressive Corporation (NYSE:PGR) declared a dividend on our common shares and on our Series B Fixed-to-Floating Rate Cumulative Perpetual Serial Preferred Shares. The common share dividend is in the amount of $0.10 per share, payable on April 15, 2020, to shareholders of record on April 7, 2020 (ex-dividend date of April 6, 2020). The $26.875 per Series B Share dividend, or $13.4 million in the aggregate, is based on the annual rate of 5.375% of the stated amount of $1,000 per Series B Share and is payable March 16, 2020, to shareholders of record at the close of business on February 28, 2020.

Progressive Announces Dividend Information and Reports January 2020 Results

Progressive Corp.: World Class Insurer At A Discount

The insurance giant posted solid premium growth last month.

Why Progressive Stock Gained 12% in January

Hewlett Packard

The stock market in the past couple of years has been a momentum market, in which rich stocks get richer and poor stocks get poorer.

HP and Progressive Show Value and Momentum

Progressive (PGR) delivered earnings and revenue surprises of 58.77% and 8.37%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

Progressive (PGR) Beats Q4 Earnings and Revenue Estimates

Progressive (PGR) Q4 earnings reflect improvement in premiums driven partly by solid policies in force.

Progressive (PGR) Q4 Earnings Improve Year Over Year

Progressive's (PGR) fourth-quarter premiums are likely to have benefited from growth in solid policies in force, higher retention, competitive insurance rates and compelling product portfolio.

Progressive (PGR) to Report Q4 Earnings: What's in Store?

Progressive (PGR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Progressive (PGR) Earnings Expected to Grow: What to Know Ahead of Q4 Release

Progressive (PGR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why the Earnings Surprise Streak Could Continue for Progressive (PGR)

Progressive's (PGR) November results reflect improved premiums and revenues, partly offset by higher expenses.

Progressive's (PGR) November Earnings & Revenues Rise Y/Y

PGR has experienced accelerated revenue and earnings growth over the last few years, greatly outpacing the market and peers in the process.

Progressive Corp.: From Mild-Mannered To Wild-Eyed Optimist

Let's see if The Progressive Corporation (PGR) stock is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks.

Is Progressive Corporation (PGR) a Suitable Value Stock Now?

Progressive (PGR) Up 2.1% Since Last Earnings Report: Can It Continue?

American Tower

Franklin Resources

iShares MSCI Taiwan ETF

Invesco

Bridgewater Associates, the $165 billion hedge fund founded by Ray Dalio (Trades, Portfolio), disclosed this week that its top five new buys for the third quarter were iShares MSCI Taiwan ETF (EWT), Invesco Ltd. (NYSE:IVZ), Progressive Corp. (NYSE:PGR), American Tower Corp. (NYSE:AMT) and Franklin Resources Inc. (NYSE:BEN).

Bridgewater’s Top 5 New Buys in the 3rd Quarter

Progressive (PGR) witnesses improved premiums and revenues, offset by a rise in expenses.

Progressive's (PGR) October Earnings Improve, Revenues Up Y/Y

MAYFIELD VILLAGE, OHIO, Nov.  13, 2019  (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for October 2019:  

Progressive Reports October 2019 Results

The Progressive Corporation (PGR) CEO Tricia Griffith on Q3 2019 Results - Earnings Call Transcript

Airbus SE

Innovative Industrial Properties

Resideo Technologies Inc

Financial Independence Portfolio - October 2019 Update

Progressive (PGR) Q3 earnings reflect improvement in premiums.

Progressive (PGR) Q3 Earnings Surpass Estimates, Down Y/Y

Progressive (PGR) delivered earnings and revenue surprises of 6.77% and 0.92%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

Progressive (PGR) Beats Q3 Earnings and Revenue Estimates

MAYFIELD VILLAGE, OHIO, Oct.  16, 2019  (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for September 2019 and the third quarter of 2019:  

News for Progressive Stock (PGR)