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

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Income tax payable

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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

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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.

The Progressive Corporation's (PGR) July earnings decline year over year as improvement in the top line is offset by a rise in expenses.

Progressive's (PGR) July Earnings Decrease Y/Y, Revenues Rise

MAYFIELD VILLAGE, OHIO, Aug. 18, 2021 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for July 2021:

Progressive Reports July 2021 Results

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Progressive (PGR) Q2 earnings reflect increase in premiums, partly offset by higher expenses.

Progressive (PGR) Q2 Earnings Top Estimates, Premiums Up Y/Y

Progressive (PGR) delivered earnings and revenue surprises of 29.06% and -2.81%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Progressive (PGR) Surpasses Q2 Earnings Estimates

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

Progressive Reports June 2021 Results

Progressive (NYSE:PGR) will be releasing its next round of earnings this Thursday, July 15. For all of the relevant information, here is your guide for Thursday's Q2 earnings announcement.

Progressive's Earnings Outlook

Progressive's (PGR) second quarter results likely to reflect better premiums and policies in force, partly offset by decline in investment income and higher expenses.

Progressive (PGR) to Report Q2 Earnings: What's in the Cards?

Progressive's recent monthly report is a positive sign for the insurer's upcoming quarterly earnings.

Here's a Sign Things Are Looking Up for This Value Stock

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According to the Peter Lynch Screen, one of several Premium GuruFocus value screens, five stocks with high profitability and business predictability that are trading below the Peter Lynch earnings line are D.R. Horton Inc. ( DHI , Financial), Lennar Corp. ( LEN , Financial)( LEN.B , Financial), Progressive Corp. ( PGR , Financial), First American Financial Corp. ( FAF , Financial) and Educational Development Corp. ( EDUC , Financial).

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Progressive's (PGR) May earnings reflect increase in expenses, partially offset by increase in revenues.

Progressive's (PGR) May Earnings Drop, Revenues Rise Y/Y

MAYFIELD VILLAGE, OHIO, June 16, 2021 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for May 2021:

Progressive Reports May 2021 Results

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

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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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News for Progressive Stock (PGR)