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

Policyholder credit expense

Investment expenses

Service expenses

Interest expense

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.

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Cost of revenue

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Minority interest

Total liabilities & equity

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Net debt

Book value per share

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Change in working capital

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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.

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Progressive's (PGR) February results reflect solid policies in force and higher net premiums written, offset by a rise in expenses and deterioration in the combined ratio.

Progressive (PGR) February Earnings Drop Y/Y, Revenues Rise

This stock has crushed the S&P 500, returning investors over 3,000% in the last 20 years.

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MAYFIELD VILLAGE, OHIO, March 16, 2022 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for February 2022:

Progressive Reports February 2022 Results

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Progressive (PGR) stock rallies on the back of solid performance of personal auto and special lines products and increased quote volume.

Progressive (PGR) Rises 12.6% in a Year: More Room to Run?

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has assigned Long-Term Issue Credit Ratings (Long-Term IR) of “a” (Excellent) to the recently announced $500 million of 2.50% senior unsecured notes, due 2027; $500 million of 3.00% senior unsecured notes, due 2032; and $500 million of 3.70% senior unsecured notes, due 2052, issued by The Progressive Corporation (Progressive) (Mayfield Village, OH) [NYSE: PGR]. The outlook assigned to these Credit Ratings (ratings) is stable. The Long-Term IR assignments

AM Best Assigns Issue Credit Ratings to The Progressive Corporation's Senior Unsecured Notes

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MAYFIELD VILLAGE, OHIO, March 02, 2022 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE: PGR) today announced the pricing of $500 million aggregate principal amount of its 2.50% Senior Notes due 2027 (the “2027 notes”), $500 million aggregate principal amount of its 3.00% Senior Notes due 2032 (the “2032 notes”), and $500 million aggregate principal amount of its 3.70% Senior Notes due 2052 (the “2052 notes”) in an underwritten public offering. The 2027 notes were priced at 99.962% of par, the 2032 notes were priced at 99.759% of par, and the 2052 notes were priced at 99.747% of par. Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Siebert Williams Shank & Co., LLC are acting as joint bookrunners for the offering.

Progressive Prices $1.5 Billion of Senior Notes

The Progressive Corporation (PGR) CEO Tricia Griffith on Q4 2021 Results - Earnings Call Transcript

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The insurance business is a relatively stable industry within the broader economy, and insurance revenue and profits typically don't fluctuate significantly with the economic cycle. In addition to selling policies, insurance companies profit by investing the money they take in.

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MAYFIELD VILLAGE, OHIO, Feb. 16, 2022 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for January 2022:

Progressive Reports January 2022 Results

Progressive operates in a highly fragmented industry which is undergoing a period of consolidation in which it is among the winners. The company has delivered growth and profits for decades, coming unstuck in 2021 alone, in purely exceptional circumstances.

Progressive Corp Is Cheaper Than The Market Despite Decades Of Outperformance

Progressive's (PGR) Q4 earnings reflect improvement in premiums earned.

Progressive (PGR) Q4 Earnings Beat, Premiums Improve Y/Y

Progressive (PGR) delivered earnings and revenue surprises of 6.06% and 0%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Progressive (PGR) Q4 Earnings Surpass Estimates

MAYFIELD VILLAGE, OHIO, Jan. 26, 2022 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for December 2021 and the fourth quarter of 2021:

Progressive Reports December 2021 Results

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Improved rates, solid policies in force and higher retention in its strong performing Vehicle and Property businesses are likely to have aided Progressive's (PGR) Q4 earnings.

What's in the Cards for Progressive (PGR) in Q4 Earnings?

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) Expected to Beat Earnings Estimates: Should You Buy?

Compelling product portfolio, leadership position, healthy policies in force and retention poise Progressive (PGR) well for growth.

Reasons to Hold Progressive (PGR) Stock in One's Portfolio

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

News for Progressive Stock (PGR)