Progressive Stock Financials

PGR
 Stock
  

USD 113.64  1.78  1.54%   

As of 06/29/2022, 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.
  
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With this module, you can analyze Progressive financials for your investing period. You should be able to track the changes in Progressive Corp individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.

Progressive Most Recent Estimates

Quarterly Earnings Growth YOY
-0.79
Diluted Eps
3.67
EPS Estimate Current Year
4.66
EPS Estimate Next Year
6.11
EPS Estimate Current Quarter
1.16
Earnings Share
3.67

Revenues

51.47 Billion

Share
Understanding current and past Progressive Corp Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Progressive Corp's financial statements are interrelated, with each one affecting the others. For example, an increase in Progressive Corp's assets may result in an increase in income on the income statement.
The fundamental analysis of Progressive Corp is a critical element in measuring its lifeblood. The essential information of the day-to-day investment outlook for Progressive Corp includes many different criteria found on its balance sheet. For example, investors should never minimize Progressive Corp's ability to pay suppliers or employees on time, making sure interest payments are not accumulating or correctly timing where and how to re-invest extra cash. Any individual investor needs to monitor Progressive Corp's cash flow, debt, and profitability to effectively and accurately make more informed decisions on whether to invest in Progressive Corp.

Progressive Corp Cash

Chance Of Financial Distress
Less than 9
Progressive Corp has less than 9 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for Progressive Corp stock is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity. More Info
The data published in Progressive Corp's official financial statements usually reflect Progressive Corp's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Progressive Corp. For example, before you start analyzing numbers published by Progressive accountants, it's critical to develop an understanding of what Progressive Corp's liquidity, profitability, and earnings quality are in the context of the Financial Services space in which it operates.
Please note, the presentation of Progressive Corp's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Progressive Corp's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Progressive Corp's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Progressive Corp. Please utilize our Beneish M Score to check the likelihood of Progressive Corp's management to manipulate its earnings.

Progressive Corp Company Summary

Progressive Corp competes with Prudential Financial, Disney, Dupont Denemours, Johnson Johnson, and Merck. 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.
Foreign Associates
Specialization
Services, Insurance - General
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
CIK Number0000080661
ISINUS7433151039
RegionNorth America
Business Address6300 Wilson Mills
SectorFinancial Services
IndustryInsurance—Property & Casualty
BenchmarkDOW
Websitewww.progressive.com
Phone440 446 7168
CurrencyUSD - US Dollar
You should never invest in Progressive Corp without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Progressive Stock, because this is throwing your money away. Analyzing the key information contained in Progressive Corp's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

Progressive Corp Key Financial Ratios

Generally speaking, Progressive Corp's financial ratios allow both analysts and investors to convert raw data from Progressive Corp's financial statements into concise, actionable information that can be used to evaluate the performance of Progressive Corp over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Progressive Corp reports annually and quarterly.

Progressive Corp Key Balance Sheet Accounts

201720182019202020212022 (projected)
Long Term Debt3.31 B4.4 B4.41 B5.4 B4.9 B3.94 B
Total Assets38.7 B46.58 B54.9 B64.1 B71.13 B76.75 B
Cash and Equivalents275.3 M75 M227.4 M76.5 M202.1 M202.1 M
Total Debt2.71 B3.15 B3.31 B4.4 B5.07 B4.18 B
Deferred Revenue6.62 B7.47 B8.9 B10.69 B12.29 B10.08 B
Shareholders Equity9.28 B10.82 B13.67 B17.04 B18.23 B19.67 B
Investments20.94 B23.48 B27.27 B33.57 B38.6 B32.19 B
Total Liabilities29.42 B35.75 B41.22 B47.06 B52.9 B57.08 B

Progressive Corp Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket. The other reason investors look at the income statement is to determine what Progressive Corp's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201720182019202020212022 (projected)
Consolidated Income1.3 B1.06 B1.6 B2.62 B3.01 B3.25 B
Cost of Revenue14.34 B16.88 B18.81 B21.72 B24.98 B21.26 B
Gross Profit6.51 B6.56 B8.03 B10.26 B11.8 B9.87 B
Interest Expense136 M140.9 M153.1 M166.5 M191.47 M179.55 M
Net Income1.59 B2.62 B3.97 B5.7 B3.35 B3.62 B
Operating Expenses4.46 B4.95 B5.74 B6.93 B7.97 B6.72 B
Operating Income2.05 B1.61 B2.29 B3.33 B3.83 B3.15 B
Revenues26.84 B31.98 B39.02 B42.66 B47.7 B51.47 B
Income Tax Expense611.1 M413.5 M540.8 M542.6 M623.99 M627.86 M

Progressive Corp Key Cash Accounts

Cash flow analysis captures how much money flows into and out of Progressive Corp. It measures of how well Progressive is doing because it can show the actual money that comes into and out of the company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money Progressive Corp brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money Progressive had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what Progressive Corp has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
201720182019202020212022 (projected)
Capital Expenditure(120.1 M)(208.8 M)(140.4 M)(256.6 M)(230.94 M)(237.02 M)
Depreciation Amortization and Accretion150.5 M199.5 M236.1 M262.4 M301.76 M239.89 M
Net Cash Flow or Change in Cash and Cash Equivalents116 M2 M48.9 M(200.3 M)(180.27 M)(185.01 M)
Issuance Purchase of Equity Shares(208.3 M)(192.5 M)(62 M)(75.7 M)(87.06 M)(93.93 M)
Issuance Repayment of Debt Securities342.3 M451.9 M156.5 M1.1 B1.26 B1.36 B
Payment of Dividends and Other Cash Distributions(403.6 M)(519 M)(395.4 M)(654.9 M)(753.13 M)(812.59 M)
Net Cash Flow from Financing(300.9 M)846.7 M(1.77 B)(938.8 M)(4.52 B)(4.64 B)
Net Cash Flow from Investing(3.41 B)(7.33 B)(4.34 B)(6.12 B)(3.12 B)(3.37 B)
Net Cash Flow Investment Acquisitions and Disposals(1.03 B)(2.32 B)(3.21 B)(6.79 B)(6.11 B)(6.27 B)
Net Cash Flow from Operations3.76 B6.28 B6.26 B6.91 B7.76 B8.37 B
Share Based Compensation66.2 M85.2 M95.4 M77.2 M88.78 M83.8 M

Progressive Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Progressive Corp's current stock value. Our valuation model uses many indicators to compare Progressive Corp value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Progressive Corp competition to find correlations between indicators driving Progressive Corp's intrinsic value. More Info.
Progressive Corp is considered to be number one stock in shares owned by institutions category among related companies. It is considered to be number one stock in price to earning category among related companies reporting about  0.19  of Price to Earning per Shares Owned by Institutions. The ratio of Shares Owned by Institutions to Price to Earning for Progressive Corp is roughly  5.38 . As of 06/29/2022, Price to Earnings Ratio is likely to grow to 16.61, while Earnings Before Interest Taxes and Depreciation Amortization EBITDA are likely to drop slightly above 3.4 B.. Comparative valuation analysis is a catch-all model that can be used if you cannot value Progressive Corp by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Progressive Corp's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Progressive Corp's earnings, one of the primary drivers of an investment's value.

Progressive Corp Systematic Risk

Progressive Corp's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Progressive Corp volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty with a total number of output elements of fourty-one. The Beta measures systematic risk based on how returns on Progressive Corp correlated with the market. If Beta is less than 0 Progressive Corp generally moves in the opposite direction as compared to the market. If Progressive Corp Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Progressive Corp is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Progressive Corp is generally in the same direction as the market. If Beta > 1 Progressive Corp moves generally in the same direction as, but more than the movement of the benchmark.
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About Progressive Corp Financials

What exactly are Progressive Corp Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Progressive Corp's income statement, its balance sheet, and the statement of cash flows. Potential Progressive Corp investors and stakeholders use financial statements 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. Please read more on our technical analysis and fundamental analysis pages.
There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines that you should keep in mind when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase year after year due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt to equity ratio because this number will tell you how much risk it has. If a company such as Progressive Corp is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to try and figure out if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that net revenue of Progressive grown by more than 25% over the last five years, then there is a good chance that it will continue growing at least by 20% or more each year. On the other hand, if you see that net revenue has only grown by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.

Progressive Corp Thematic Clasifications

Progressive Corp is part of several thematic ideas from Top FinTech to Insurance Providers. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic Ideas
Top FinTech Idea
Top FinTechView
Insurance Providers Idea
Insurance ProvidersView
Real Estate Idea
Real EstateView

Progressive Corp June 29, 2022 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Progressive Corp help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Progressive Corp. We use our internally-developed statistical techniques to arrive at the intrinsic value of Progressive Corp based on widely used predictive technical indicators. In general, we focus on analyzing Progressive Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Progressive Corp's daily price indicators and compare them against related drivers.
Information Ratio0.0783
Maximum Drawdown6.66
Value At Risk(2.77)
Potential Upside3.02
Please check Your Equity Center. 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 ETF Directory module to find actively traded Exchange Traded Funds (ETF) from around the world.

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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
66.5 B
Quarterly Revenue Growth YOY
0.035
Return On Assets
0.0265
Return On Equity
0.13
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.