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

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Earnings data Q1 2022

Earnings data Q2 2022

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Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

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Earnings data Q1 2024

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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's (PGR) July results reflect solid policies in force and higher premium, partly offset by lower investment income.

Progressive's (PGR) July Earnings and Revenues Increase Y/Y

MAYFIELD VILLAGE, OHIO, Aug.  19, 2020  (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for July 2020:  

Progressive Reports July 2020 Results

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MAYFIELD VILLAGE, OHIO, Aug.  07, 2020  (GLOBE NEWSWIRE) -- The Board of Directors of The Progressive Corporation (NYSE:PGR) today declared a $0.10 per common share dividend, payable October 15, 2020, to shareholders of record at the close of business on October 7, 2020 (ex-dividend date of October 6, 2020).

Progressive Announces Dividend Information

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Progressive: Reversion To The Mean In Future

Progressive (PGR) Q2 earnings reflect improvement in premiums.

Progressive (PGR) Q2 Earnings Surpass Estimates, Rise Y/Y

Progressive (PGR) delivered earnings and revenue surprises of 6.40% and 1.38%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Progressive (PGR) Tops Q2 Earnings and Revenue Estimates

MAYFIELD VILLAGE, OHIO, July  15, 2020  (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for June 2020 and the second quarter of 2020:

Progressive Reports June 2020 Results

Progressive's (PGR) second-quarter results are likely to reflect lower auto new business. However, loss and loss adjustment expenses ratio is likely to have improved.

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

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Why Progressive Stock Rose 10.7% in the First Half of 2020

Is The Progressive Corporation (PGR) a great pick from the value investor's perspective right now? Read on to know more.

Is The Progressive Corporation (PGR)  a Good Stock to Pick?

Progressive (PGR) doesn't possess 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) to Report Q2 Results: Wall Street Expects Earnings Growth

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An ascending triangle chart pattern suggests that shares of the insurance giant are set for a breakout.

Progressive Stock Could Be Set for a 20% Surge

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Progressive's (PGR) May results reflect increase in revenues driving higher bottomline.

Progressive's (PGR) May Earnings and Revenues Increase Y/Y

MAYFIELD VILLAGE, OHIO, June  17, 2020  (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for May 2020:  

Progressive Reports May 2020 Results

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

News for Progressive Stock (PGR)