Progressive Financial Statements From 2010 to 2022

PGR
 Stock
  

USD 121.77  1.31  1.09%   

Progressive Corp financial statements provide useful quarterly and yearly information to potential Progressive Corp investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Progressive Corp financial statements helps investors assess Progressive Corp's valuation, profitability, and current liquidity needs.
There are over ninety-three available trending fundamental ratios for Progressive Corp, which can be analyzed over time and compared to other ratios. Please make sure to check out Progressive Corp's recent fundamental performance against the performance between 2010 and 2022 to make sure the trends are evolving in the right direction.
As of 08/15/2022, Free Cash Flow is likely to grow to about 7.5 B, while Net Income Per Employee is likely to drop slightly above 60.5 K.
  
Check Progressive Corp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Progressive main balance sheet or income statement drivers, such as Consolidated Income of 3.3 B, Cost of Revenue of 21.3 B or Earning Before Interest and Taxes EBIT of 3.1 B, as well as many exotic indicators such as Calculated Tax Rate of 26.48, PPandE Turnover of 45.88 or Accrued Expenses Turnover of 34.27. Progressive financial statements analysis is a perfect complement when working with Progressive Corp Valuation or Volatility modules. It can also supplement Progressive Corp's financial leverage analysis and stock options assessment as well as various Progressive Corp Technical models . Please check the analysis of Progressive Corp Correlation against competitors.

Progressive Corp Revenues

51.47 Billion

Progressive Corp Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets76.7 B71.1 B40.9 B
Increasing
Slightly volatile
Cash and Equivalents202.1 M202.1 M168.2 M
Increasing
Stable
Investments32.2 B38.6 B25.2 B
Increasing
Slightly volatile
Deferred Revenue10.1 B12.3 B7.8 B
Increasing
Slightly volatile
Property Plant and Equipment Net1.3 B1.3 B1.1 B
Increasing
Slightly volatile
Tax Assets39.9 M38.9 M88.2 M
Decreasing
Slightly volatile
Trade and Non Trade Receivables11.8 B10.9 B6.4 B
Increasing
Slightly volatile
Trade and Non Trade Payables6.3 B5.8 B3.4 B
Increasing
Slightly volatile
Goodwill and Intangible Assets846.5 M859.4 M512 M
Increasing
Slightly volatile
Total Liabilities57.1 B52.9 B30.5 B
Increasing
Slightly volatile
Shareholders Equity19.7 B18.2 B10.4 B
Increasing
Slightly volatile
Accumulated Retained Earnings Deficit7.7 B9.6 B5.9 B
Increasing
Slightly volatile
Accumulated Other Comprehensive Income(111.7 M)(108.8 M)494.2 M
Decreasing
Slightly volatile
Tax Liabilities137.6 M155.2 M97.4 M
Increasing
Slightly volatile
Total Debt4.2 B5.1 B3.3 B
Increasing
Slightly volatile
Shareholders Equity USD10.7 B12.4 B8.5 B
Increasing
Slightly volatile
Cash and Equivalents USD88.5 M86.2 M138.8 M
Decreasing
Slightly volatile
Total Debt USD4.2 B5.1 B3.3 B
Increasing
Slightly volatile
Long Term Debt3.9 B4.9 B3.3 B
Increasing
Slightly volatile

Progressive Corp Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Revenues51.5 B47.7 B28.4 B
Increasing
Slightly volatile
Cost of Revenue21.3 B25 B16.9 B
Increasing
Slightly volatile
Selling General and Administrative Expense6.6 B7.8 B5.2 B
Increasing
Slightly volatile
Operating Expenses6.7 BB5.3 B
Increasing
Slightly volatile
Interest Expense179.5 M191.5 M148.5 M
Increasing
Slightly volatile
Income Tax Expense627.9 M624 M539.4 M
Increasing
Slightly volatile
Consolidated Income3.3 BB1.8 B
Increasing
Slightly volatile
Net Income to Non Controlling Interests5.3 M5.1 M19.8 M
Decreasing
Slightly volatile
Net Income3.6 B3.4 B2.2 B
Increasing
Slightly volatile
Preferred Dividends Income Statement Impact19.1 M19.3 M21.1 M
Decreasing
Slightly volatile
Net Income Common Stock3.2 BB1.8 B
Increasing
Slightly volatile
Weighted Average Shares653.4 M584.5 M601.6 M
Decreasing
Slightly volatile
Weighted Average Shares Diluted657.1 M587.1 M605.5 M
Decreasing
Slightly volatile
Earning Before Interest and Taxes EBIT3.1 B3.8 B2.4 B
Increasing
Slightly volatile
Revenues USD31.1 B36.8 B24.6 B
Increasing
Slightly volatile
Net Income Common Stock USD3.2 BB1.8 B
Increasing
Slightly volatile
Earning Before Interest and Taxes USD3.1 B3.8 B2.4 B
Increasing
Slightly volatile
Gross Profit9.9 B11.8 B7.7 B
Increasing
Slightly volatile
Operating Income3.2 B3.8 B2.4 B
Increasing
Slightly volatile

Progressive Corp Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Net Cash Flow from Financing(4.6 B)(4.5 B)(1.3 B)
Decreasing
Slightly volatile
Issuance Repayment of Debt Securities 1.4 B1.3 B525.5 M
Increasing
Slightly volatile
Net Cash Flow from Operations8.4 B7.8 B4.1 B
Increasing
Slightly volatile
Effect of Exchange Rate Changes on Cash (277.1 K)(270 K)(11.3 K)
Decreasing
Slightly volatile
Net Cash Flow or Change in Cash and Cash Equivalents(185 M)(180.3 M)(53.2 M)
Decreasing
Slightly volatile
Share Based Compensation83.8 M88.8 M70.9 M
Increasing
Slightly volatile
Depreciation Amortization and Accretion239.9 M301.8 M183.3 M
Increasing
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Earnings per Basic Share6.145.693.7121
Increasing
Slightly volatile
Earnings per Diluted Share6.115.663.6889
Increasing
Slightly volatile
Earnings per Basic Share USD5.525.123.037
Increasing
Slightly volatile
Dividends per Basic Common Share1.21.290.9895
Increasing
Stable
Return on Average Equity18.919.001320.9584
Increasing
Slightly volatile
Return on Average Assets4.884.95585.3564
Increasing
Slightly volatile
Return on Invested Capital0.06110.0630.0657
Decreasing
Stable
Gross Margin0.280.290.3079
Decreasing
Slightly volatile
Profit Margin6.767.02477.2233
Increasing
Slightly volatile
EBITDA Margin0.09470.10.1031
Decreasing
Stable
Return on Sales0.09030.09360.0965
Decreasing
Stable
Asset Turnover0.80.70550.7483
Increasing
Very volatile
Payout Ratio0.310.230.3927
Decreasing
Slightly volatile
Enterprise Value over EBITDA12.3712.4810.6413
Increasing
Slightly volatile
Enterprise Value over EBIT13.5213.811.5628
Increasing
Slightly volatile
Price to Earnings Ratio16.6115.5914.7786
Increasing
Slightly volatile
Sales per Share88.0581.611648.0645
Increasing
Slightly volatile
Price to Sales Ratio1.181.260.9851
Increasing
Slightly volatile
Price to Book Value3.443.742.8351
Increasing
Slightly volatile
Debt to Equity Ratio0.340.26870.3442
Decreasing
Stable
Dividend Yield0.02250.01710.0281
Decreasing
Slightly volatile
Free Cash Flow per Share14.012.97596.6276
Increasing
Slightly volatile
Book Value per Share18.1821.3714.4023
Increasing
Slightly volatile
Tangible Assets Book Value per Share74.7290.4958.3369
Increasing
Slightly volatile
Total Assets Per Share13112269.3501
Increasing
Slightly volatile
Cash Flow Per Share14.3313.28156.9114
Increasing
Slightly volatile
Calculated Tax Rate26.4820.406227.1398
Decreasing
Slightly volatile
PPandE Turnover45.8842.528426.3535
Increasing
Slightly volatile
Cash and Equivalents Turnover369342186
Increasing
Slightly volatile
Accrued Expenses Turnover34.2731.1935.8949
Increasing
Stable
Revenue to Assets0.760.67060.7121
Decreasing
Stable

Progressive Corp Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Earnings before TaxB3.6 B2.3 B
Increasing
Slightly volatile
Earnings Before Interest Taxes and Depreciation Amortization EBITDA3.4 B4.1 B2.6 B
Increasing
Slightly volatile
Earnings Before Interest Taxes and Depreciation Amortization USD3.4 B4.1 B2.6 B
Increasing
Slightly volatile
Market Capitalization32.3 B40.5 B24.6 B
Increasing
Slightly volatile
Enterprise Value35.9 B44.8 B27.5 B
Increasing
Slightly volatile
Invested Capital48.1 B57.7 B37.6 B
Increasing
Slightly volatile
Average Equity10.8 B12.7 B8.6 B
Increasing
Slightly volatile
Average Assets42.8 B50.8 B33.7 B
Increasing
Slightly volatile
Invested Capital Average45.9 B54.4 B36.1 B
Increasing
Slightly volatile
Tangible Asset Value44 B52.7 B34.5 B
Increasing
Slightly volatile
Free Cash Flow7.5 B6.9 B3.7 B
Increasing
Slightly volatile
Revenue Per Employee838.8 K972 K781.8 K
Increasing
Slightly volatile
Net Income Per Employee60.5 K68.3 K58.6 K
Increasing
Slightly volatile

Progressive Fundamental Market Drivers

Forward Price Earnings19.27
Short Percent Of Float1.14%
Average Daily Volume Last 10 Day2.26M
Shares Short Prior Month7.19M
Average Daily Volume In Three Month3.09M
Date Short Interest15th of July 2022
Fifty Day Average115.38
Two Hundred Day Average107.70

Progressive Upcoming Events

Upcoming Quarterly Report26th of January 2022
Next Financial Report21st of April 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End26th of January 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

About Progressive Corp Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Progressive Corp income statement, its balance sheet, and the statement of cash flows. Progressive Corp investors use historical funamental indicators, such as Progressive Corp's revenue or net income, to determine how well the company is positioned to perform in the future. Although Progressive Corp investors may use each financial statement separately, they are all related. The changes in Progressive Corp's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Progressive Corp's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Progressive Corp Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Progressive Corp. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Deferred Revenue12.3 B10.1 B
Cost of Revenue25 B21.3 B
Revenues47.7 B51.5 B
Revenue to Assets 0.67  0.76 
Revenue Per Employee972 K838.8 K
The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, general liability, and other specialty property-casualty insurance products and related services in the United States. The Progressive Corporation was founded in 1937 and is headquartered in Mayfield, Ohio. Progressive Corp operates under InsuranceProperty Casualty classification in the United States and is traded on New York Stock Exchange. It employs 49077 people.

Progressive Corp Investors Sentiment

The influence of Progressive Corp's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Progressive. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Progressive Corp's public news can be used to forecast risks associated with investment in Progressive. The trend in average sentiment can be used to explain how an investor holding Progressive can time the market purely based on public headlines and social activities around Progressive Corp. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Progressive Corp's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Progressive Corp's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Progressive Corp's news discussions. The higher the estimate score, the more favorable is the investor's outlook on Progressive Corp.

Progressive Corp Implied Volatility

    
  15.04  
Progressive Corp's implied volatility exposes the market's sentiment of Progressive Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Progressive Corp's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Progressive Corp stock will not fluctuate a lot when Progressive Corp's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Progressive Corp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Progressive Corp's short interest history, or implied volatility extrapolated from Progressive Corp options trading.

Currently Active Assets on Macroaxis

Please check the analysis of Progressive Corp Correlation against competitors. Note that the Progressive Corp information on this page should be used as a complementary analysis to other Progressive Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.

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When running Progressive Corp price analysis, check to measure Progressive Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Progressive Corp is operating at the current time. Most of Progressive Corp's value examination focuses on studying past and present price action to predict the probability of Progressive Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Progressive Corp's price. Additionally, you may evaluate how the addition of Progressive Corp to your portfolios can decrease your overall portfolio volatility.
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Is Progressive Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Progressive Corp. If investors know Progressive will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Progressive Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-0.79
Market Capitalization
71.2 B
Quarterly Revenue Growth YOY
-0.032
Return On Assets
0.0135
Return On Equity
0.0496
The market value of Progressive Corp is measured differently than its book value, which is the value of Progressive that is recorded on the company's balance sheet. Investors also form their own opinion of Progressive Corp's value that differs from its market value or its book value, called intrinsic value, which is Progressive Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Progressive Corp's market value can be influenced by many factors that don't directly affect Progressive Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Progressive Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Progressive Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Progressive Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.