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The Progressive Corporation

NYSE: PGR

Stock price

218.49 USD

(+0%) TODAY

Insurance - Property & Casualty
Financials

all figures in US$ Millions except per share data

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Format:

Actual
10 year cagr
Help
Where available up to 10y CAGR shown for absolute numbers 10y Average marked A shown for relative numbers such as margins
Fiscal
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Average (A)
Fiscal period end dates
Expand all rows
01Earnings per share
Help
Earnings per share = Net Income / Number of Shares Outstanding
2.2
1.8
2.7
4.5
6.7
9.7
5.7
1.2
6.6
14.4
19.2
24.5%
02Free cash flow per share
3.7
4.3
6.1
10.3
10
11.4
12.8
11.2
17.7
25.2
29.2
23.1%
03Dividends per share
0.7
0.9
0.7
1.1
2.8
2.7
6.4
0.4
0.4
1.2
4.9
21.7%
04Dividends payout, %
31.8%
50.3%
24.8%
25.6%
42.1%
27.7%
1.1%
36.1%
7.1%
8%
25.4%
(2.2)%
PROFIT AND LOSS STATEMENT
05Revenue
20,832
23,417
26,816
31,955
38,998
42,638
47,677
49,587
62,083
75,343
87,637
15.5%
06% Change
-
-
-
-
-
-
-
-
-
-
-
15.5%
07Cost of revenue
(15,994)
(18,743)
(20,933)
(24,295)
(28,494)
(28,395)
(37,340)
(42,040)
(50,320)
(54,443)
(61,807)
14.5%
08Gross profit
4,838
4,674
5,883
7,660
10,504
14,243
10,336
7,547
11,763
20,900
25,830
18.2%
09% Margin
23.2%
20%
21.9%
24%
26.9%
33.4%
21.7%
15.2%
19%
27.7%
29.5%
23.9% A
10Operating expenses
(2,927)
(3,203)
(3,744)
(4,496)
(5,344)
(7,070)
(6,126)
(6,625)
(6,859)
(10,187)
(11,607)
14.8%
11% of Revenue
(14.1)%
(13.7)%
(14)%
(14.1)%
(13.7)%
(16.6)%
(12.9)%
(13.4)%
(11.1)%
(13.5)%
(13.2)%
(13.6)% A
12Operating Income
1,912
1,471
2,139
3,164
5,160
7,173
4,210
922
4,904
10,713
14,223
22.2%
13Income tax expense
(611.1)
(413.5)
(540.8)
(542.6)
(1,180)
(1,469)
(859.1)
(200)
(1,001)
(2,233)
(2,915)
16.9%
14Net Income
1,268
1,031
1,592
2,615
3,970
5,705
3,351
722
3,903
8,480
11,308
24.5%
15% Margin
6.1%
4.4%
5.9%
8.2%
10.2%
13.4%
7%
1.5%
6.3%
11.3%
12.9%
7.9% A
16Shares Outstanding
589.2
585
585.7
586.7
587.2
587.6
587.1
587.1
587.5
587.7
588.2
(0)%
17EPS Basic
2.2
1.8
2.7
4.5
6.8
9.7
5.7
1.2
6.6
14.5
19.3
24.5%
18EPS Diluted
2.2
1.8
2.7
4.5
6.7
9.7
5.7
1.2
6.6
14.4
19.2
24.5%
19EBITDA
2,198
1,811
2,528
3,593
5,656
7,722
4,766
1,472
5,457
11,276
14,814
21%
% Margin
10.6%
7.7%
9.4%
11.2%
14.5%
18.1%
10%
3%
8.8%
15%
16.9%
11.4% A
20Net Interest Income (expense)
(136)
(140.9)
(153.1)
(166.5)
(189.7)
(217)
(218.6)
(244)
(268)
(279)
(278)
7.4%
21Net Debt / EBITDA
1.1
1.6
1.2
1.2
0.8
0.7
1
4.2
1.2
0.6
0.5
1.3 A
BALANCE SHEET
ASSETS
Current Assets
22Cash & equivalents
224.1
211.5
265
69.5
226.2
76.5
187.1
203.5
85
143
125
(5.7)%
23Short-term investments
17,504
19,817
23,071
29,907
34,909
42,029
44,816
49,514
62,168
75,947
19,711
1.2%
24Accounts receivable
3,988
4,509
5,423
6,497
10,886
12,180
14,380
16,249
17,052
19,134
20,115
17.6%
25Other current assets
199.3
170.5
203.3
309.7
626.5
368.1
457.6
295.5
250
(71,904)
210
0.5%
26Inventory
-
-
-
-
-
-
-
-
-
-
-
-
27Total Current Assets
21,915
24,708
28,962
36,784
46,648
54,654
59,840
66,262
79,555
23,320
40,161
6.2%
Non-Current Assets
28Net property, plant & equipment
1,037
1,177
1,120
1,132
1,214
1,106
1,137
1,034
881
790
783
(2.8)%
29Long-term investments
(17,504)
(19,817)
(23,071)
(29,907)
(34,909)
(42,029)
51,514
53,548
65,999
80,250
77,662
-
30Other non-current assets
24,371
27,359
31,691
38,567
41,958
50,368
(41,360)
(45,379)
(57,744)
1,385
4,433
(15.7)%
31Total Non-Current Assets
7,904
8,720
9,739
9,791
8,263
9,445
11,292
9,203
9,136
82,425
82,878
26.5%
Total Assets
29,819
33,428
38,701
46,575
54,911
64,098
71,132
75,465
88,691
105,745
123,039
15.2%
LIABILITIES
Current Liabilities
32Accounts payable
2,068
2,496
3,481
5,047
4,617
4,956
6,069
5,533
-
-
-
-
33Short-term debt
-
-
3,269
499.1
499.4
-
-
-
-
-
-
-
34Other current liabilities
-
-
-
-
-
-
-
-
54,523
62,915
68,529
-
35Total Current Liabilities
2,068
2,496
6,750
5,546
5,116
4,956
6,069
5,533
54,523
62,915
68,529
41.9%
Non-Current Liabilities
36Long-term debt
2,708
3,148
37.1
3,906
4,407
5,396
4,899
6,388
6,889
6,893
6,897
9.8%
37Other non-current liabilities
17,754
19,827
22,629
26,302
31,714
36,708
41,933
47,653
7,002
10,346
17,290
(0.3)%
38Total Non-Current Liabilities
20,462
22,975
22,666
30,208
36,121
42,104
46,832
54,041
13,891
17,239
24,187
1.7%
39Total Liabilities
22,530
25,470
29,416
35,753
41,237
47,060
52,901
59,574
68,414
80,154
92,716
15.2%
SHAREHOLDERS` EQUITY
40Common stock
583.6
579.9
581.7
583.2
584.6
585.2
584.4
584.9
585
586
586
-
41Retained earnings / (deficit)
4,687
5,140
6,032
8,387
10,680
13,355
15,340
15,721
18,801
24,283
27,327
19.3%
42Accumulated other comprehensive income / (loss)
800.4
933.4
1,282
(120.9)
341.7
931.7
40.7
(2,802)
(1,616)
(1,423)
103
(18.5)%
43Noncontrolling interests
-
-
-
-
-
-
-
-
-
-
-
-
44Total shareholders' equity
7,289
7,957
9,285
10,822
13,673
17,039
18,232
15,891
20,277
25,591
30,323
15.3%
45Total Liabilities and shareholders' Equity
29,819
33,428
38,701
46,575
54,911
64,098
71,132
75,465
88,691
105,745
123,039
15.2%
46Total Debt
2,708
3,148
3,306
4,405
4,907
5,396
4,899
6,388
6,889
6,893
6,897
9.8%
47Net Debt
2,484
2,937
3,041
4,335
4,680
5,320
4,712
6,185
6,804
6,750
6,772
10.6%
CASH FLOW STATEMENT
CASH FLOWS FROM OPERATING ACTIVITIES
48Net income (loss)
1,268
1,031
1,592
2,615
3,970
5,705
3,351
722
3,903
8,480
11,308
24.5%
49Depreciation & amortization
150.5
199.5
236.1
262.4
306.1
331.8
337.4
306
285
284
313
7.6%
50Share-based compensation expense
66.2
85.2
95.4
77.2
90.2
89.4
100.7
122.7
121.3
122
132
7.1%
51Changes in working capital and other assets
808.6
1,386
1,833
3,330
1,895
779.8
3,973
5,698
6,334
6,233
5,795
21.8%
52Net cash flows from operating activities
2,293
2,702
3,757
6,285
6,262
6,906
7,762
6,849
10,643
15,119
17,548
22.6%
CASH FLOWS FROM INVESTING ACTIVITIES
53Purchases of property, plant and equipment
(130.7)
(215)
(155.7)
(266)
(363.5)
(223.5)
(243.5)
(292)
(252)
(285)
(348)
10.3%
54Purchases of investments / marketable securities
(9,958)
(12,045)
(14,843)
(21,692)
(29,145)
(36,382)
(34,016)
(28,537)
(25,864)
(47,946)
(59,094)
19.5%
55Proceeds from maturities of marketable securities
8,928
9,730
11,629
14,902
25,111
30,382
31,338
21,015
15,237
34,234
44,760
17.5%
56Other investing activities
(762.9)
65.6
(36.4)
(275.8)
59.3
105.5
(199.1)
(142.7)
36
248
155
-
57Net cash flows from investing activities
(1,924)
(2,465)
(3,407)
(7,332)
(4,338)
(6,118)
(3,120)
(7,956)
(10,843)
(13,749)
(14,527)
22.4%
CASH FLOWS FROM FINANCING ACTIVITIES
58Issuance (repurchases) of common stock, net
(208.5)
(192.5)
(62.5)
(79)
(91.3)
(111.6)
(223)
(99)
(140.7)
(134)
(166)
(2.3)%
59Dividends paid, net
(403.6)
(519)
(395.4)
(668.4)
(1,670)
(1,578)
(3,773)
(260.8)
(277.6)
(682)
(2,871)
21.7%
60Debt issuance (repayments), net
342.3
451.9
156.5
1,097
-
986.3
(520)
1,486
496.3
-
-
-
61Other financing activities
17
9.2
0.5
200.3
(9.6)
(235.7)
-
-
-
(500)
-
-
62Net cash flows from financing activities
(252.8)
(250.4)
(300.9)
549.8
(1,771)
(938.8)
(4,516)
1,126
78
(1,316)
(3,037)
28.2%
63Increase (decrease) in cash and cash equivalents
116
(12.6)
48.9
(200.3)
152.4
(150.9)
125.6
18.8
(121.3)
54
(16)
-
64Cash and equivalents, ending balance
224.4
211.5
275.3
75
227.4
76.5
202.1
220.9
99.6
154
138
(4.8)%
65Free Cash Flow to the Firm (FCFF)
Help
Free Cash Flow to the Firm = Cash Flows from Operating Activities - Capital Expenditures
2,162
2,487
3,601
6,019
5,898
6,682
7,518
6,557
10,391
14,834
17,200
23%

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