Recent Insider Transactions • Apr 19
Independent Director recently sold Mex$3.4m worth of stock On the 16th of April, Devin Johnson sold around 980 shares on-market at roughly Mex$3,511 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$194m more than they bought in the last 12 months. Reported Earnings • Apr 17
First quarter 2026 earnings released: EPS: US$4.81 (vs US$4.38 in 1Q 2025) First quarter 2026 results: EPS: US$4.81 (up from US$4.38 in 1Q 2025). Revenue: US$22.2b (up 8.7% from 1Q 2025). Net income: US$2.82b (up 9.8% from 1Q 2025). Profit margin: 13% (in line with 1Q 2025). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Insurance industry in South America. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Annonce • Apr 16
The Progressive Corporation to Report April,2026 Results on May 20, 2026 The Progressive Corporation announced that they will report April, 2026 results on May 20, 2026 Declared Dividend • Mar 17
Fourth quarter dividend of US$0.10 announced Shareholders will receive a dividend of US$0.10. Ex-date: 2nd April 2026 Payment date: 10th April 2026 Dividend yield will be 6.7%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by both earnings (72% earnings payout ratio) and cash flows (47% cash payout ratio). The dividend has increased by an average of 32% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 8.2% over the next 3 years. However, it would need to fall by 20% to increase the payout ratio to a potentially unsustainable range. Annonce • Mar 10
The Progressive Corporation Declares Quarterly Common Share Dividend, Payable on April 10, 2026 On March 6, 2026, the Board of Directors of The Progressive Corporation declared a $0.10 per common share dividend, payable April 10, 2026, to shareholders of record at the close of business on April 2, 2026. Reported Earnings • Mar 04
Full year 2025 earnings released: EPS: US$19.29 (vs US$14.45 in FY 2024) Full year 2025 results: EPS: US$19.29 (up from US$14.45 in FY 2024). Revenue: US$87.6b (up 16% from FY 2024). Net income: US$11.3b (up 34% from FY 2024). Profit margin: 13% (up from 11% in FY 2024). The increase in margin was driven by higher revenue. Combined ratio: 87.4% (down from 88.8% in FY 2024). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Insurance industry in South America. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Feb 27
Chief Marketing Officer recently sold Mex$2.6m worth of stock On the 24th of February, Mari Pumarejo sold around 739 shares on-market at roughly Mex$3,495 per share. This transaction amounted to 41% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$317m more than they bought in the last 12 months. Annonce • Feb 19
The Progressive Corporation to Report February,2026 Results on Mar 18, 2026 The Progressive Corporation announced that they will report February, 2026 results on Mar 18, 2026 Reported Earnings • Jan 29
Full year 2025 earnings released: EPS: US$19.29 (vs US$14.45 in FY 2024) Full year 2025 results: EPS: US$19.29 (up from US$14.45 in FY 2024). Revenue: US$87.6b (up 16% from FY 2024). Net income: US$11.3b (up 34% from FY 2024). Profit margin: 13% (up from 11% in FY 2024). The increase in margin was driven by higher revenue. Combined ratio: 87.1% (down from 88.8% in FY 2024). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Insurance industry in South America. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Annonce • Jan 29
The Progressive Corporation to Report January,2026 Results on Feb 18, 2026 The Progressive Corporation announced that they will report January, 2026 results at 9:30 AM, US Eastern Standard Time on Feb 18, 2026 Annonce • Jan 28
Progressive Corporation Announces Plans for CFO Transition Progressive Corporation announced that John Sauerland, the Company’s Chief Financial Officer (CFO), will retire from Progressive on July 3, 2026. Sauerland has served Progressive for 35 years, including the last 10 as CFO. The Company also announced that Andrew Quigg, currently Progressive’s Chief Strategy Officer, is expected to succeed Mr. Sauerland as CFO when Mr. Sauerland retires. Until that time, Mr. Quigg will work closely with Mr. Sauerland to prepare to assume the CFO’s responsibilities. Annonce • Jan 20
Progressive Insurance Introduces Pet Insurance for Cats and Dogs Progressive Insurance announced a new pet insurance offering designed to help people get the care their pets need by making veterinary care more affordable. The new offering is underwritten directly by Progressive and its affiliated underwriting companies and administered by pet insurance program provider Companion Protect. Customers can expect the same high standard of service and support Progressive prides itself on across all its products, as well as competitive pricing and customizable options that allow customers to select the coverage that best fits their unique needs and budget. Progressive Pet Insurance policies cost $47 per month on average, with premiums and eligibility that vary depending on age, breed, and other pet characteristics. Coverage options include Accident and Illness plans that cover things like emergency care, surgical procedures, medications and more. Policyholders can also add a Wellness endorsement to help pay for routine and preventive care such as vaccinations, teeth cleaning, and annual exams. Coverage is customizable, allowing customers to choose from multiple options for deductibles, reimbursement amounts and annual limits. Customers can service their policy and file claims online and will have access to help from licensed vet experts online or by phone through Companion Protect's CARE team. Discounts may be available for multi-pet policyholders, existing Progressive customers, and those who add the Wellness endorsement to their Accident and Illness coverage plan. The new product is being offered alongside Progressive's long-standing pet insurance program administered by Pets Best, which will continue to provide new and existing Pets Best policyholders with servicing and claims support. Progressive has long been a leader when it comes to protecting pets as it has offered pet insurance for more than 15 years through Pets Best and was the first auto insurer to offer Pet Injury coverage on personal auto policies with collision insurance. Progressive Pet Insurance is currently available in 43 states and D.C. and is expected to be available nationwide in 2026. Upcoming Dividend • Dec 27
Upcoming dividend of US$13.60 per share Eligible shareholders must have bought the stock before 02 January 2026. Payment date: 08 January 2026. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 6.1%. Within top quartile of Mexican dividend payers (5.9%). In line with average of industry peers (6.5%). Annonce • Dec 18
The Progressive Corporation to Report December,2025 Results on Jan 28, 2026 The Progressive Corporation announced that they will report December, 2025 results Pre-Market on Jan 28, 2026 Declared Dividend • Dec 13
Third quarter dividend of US$13.50 announced Shareholders will receive a dividend of US$13.50. Ex-date: 2nd January 2026 Payment date: 8th January 2026 Dividend yield will be 0.5%, which is lower than the industry average of 3.4%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has increased by an average of 35% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 12% over the next 3 years. However, it would need to fall by 70% to increase the payout ratio to a potentially unsustainable range. Annonce • Dec 09
The Progressive Corporation, Annual General Meeting, May 08, 2026 The Progressive Corporation, Annual General Meeting, May 08, 2026. Annonce • Nov 19
The Progressive Corporation to Report November,2025 Results on Dec 17, 2025 The Progressive Corporation announced that they will report November, 2025 results on Dec 17, 2025 Annonce • Oct 16
The Progressive Corporation to Report Q3, 2025 Results on Nov 03, 2025 The Progressive Corporation announced that they will report Q3, 2025 results on Nov 03, 2025 Reported Earnings • Oct 15
Third quarter 2025 earnings released: EPS: US$4.46 (vs US$3.99 in 3Q 2024) Third quarter 2025 results: EPS: US$4.46 (up from US$3.99 in 3Q 2024). Revenue: US$22.5b (up 14% from 3Q 2024). Net income: US$2.62b (up 12% from 3Q 2024). Profit margin: 12% (in line with 3Q 2024). Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Insurance industry in South America. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Annonce • Oct 15
The Progressive Corporation to Report Q3, 2025 Results on Nov 19, 2025 The Progressive Corporation announced that they will report Q3, 2025 results Pre-Market on Nov 19, 2025 Upcoming Dividend • Sep 25
Upcoming dividend of US$0.10 per share Eligible shareholders must have bought the stock before 02 October 2025. Payment date: 10 October 2025. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Mexican dividend payers (5.9%). Lower than average of industry peers (7.0%). Annonce • Sep 18
The Progressive Corporation to Report September,2025 Results on Oct 15, 2025 The Progressive Corporation announced that they will report September, 2025 results on Oct 15, 2025 Annonce • Aug 21
The Progressive Corporation to Report August,2025 Results on Sep 17, 2025 The Progressive Corporation announced that they will report August, 2025 results on Sep 17, 2025 Declared Dividend • Aug 18
Second quarter dividend of US$0.10 announced Shareholders will receive a dividend of US$0.10. Ex-date: 2nd October 2025 Payment date: 10th October 2025 Dividend yield will be 2.1%, which is lower than the industry average of 3.4%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 8.2% over the next 3 years. However, it would need to fall by 69% to increase the payout ratio to a potentially unsustainable range. Annonce • Aug 12
The Progressive Corporation Announces Quarterly Common Share Dividend, Payable October 10, 2025 On August 8, 2025, the Board of Directors of The Progressive Corporation declared a $0.10 per common share dividend, payable October 10, 2025, to shareholders of record at the close of business on October 2, 2025. Reported Earnings • Jul 17
Second quarter 2025 earnings released: EPS: US$5.42 (vs US$2.49 in 2Q 2024) Second quarter 2025 results: EPS: US$5.42 (up from US$2.49 in 2Q 2024). Revenue: US$22.0b (up 21% from 2Q 2024). Net income: US$3.18b (up 118% from 2Q 2024). Profit margin: 14% (up from 8.0% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Insurance industry in South America. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. New Risk • Jul 17
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.9% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Significant insider selling over the past 3 months (Mex$13m sold). Annonce • Jul 16
The Progressive Corporation to Report July,2025 Results on Aug 20, 2025 The Progressive Corporation announced that they will report July, 2025 results at 9:30 AM, US Eastern Standard Time on Aug 20, 2025 New Risk • Jul 14
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.0% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Significant insider selling over the past 3 months (Mex$13m sold). Annonce • Jun 30
The Progressive Corporation(NYSE:PGR) dropped from Russell 1000 Dynamic Index The Progressive Corporation(NYSE:PGR) dropped from Russell 1000 Dynamic Index Board Change • Jun 24
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 7 highly experienced directors. Independent Director Devin Johnson was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Jun 18
The Progressive Corporation to Report June,2025 Results on Jul 16, 2025 The Progressive Corporation announced that they will report June, 2025 results Pre-Market on Jul 16, 2025 Recent Insider Transactions • May 25
Independent Director recently sold Mex$13m worth of stock On the 22nd of May, Kahina van Dyke sold around 2k shares on-market at roughly Mex$5,367 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$269m more than they bought in the last 12 months. Annonce • May 22
The Progressive Corporation to Report May,2025 Results on Jun 18, 2025 The Progressive Corporation announced that they will report May, 2025 results on Jun 18, 2025 Declared Dividend • May 19
First quarter dividend of US$0.10 announced Shareholders will receive a dividend of US$0.10. Ex-date: 3rd July 2025 Payment date: 11th July 2025 Dividend yield will be 1.8%, which is lower than the industry average of 3.4%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 9.5% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • May 14
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 7 highly experienced directors. Independent Director Devin Johnson was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 07
First quarter 2025 earnings released: EPS: US$4.38 (vs US$3.95 in 1Q 2024) First quarter 2025 results: EPS: US$4.38 (up from US$3.95 in 1Q 2024). Revenue: US$20.4b (up 18% from 1Q 2024). Net income: US$2.57b (up 11% from 1Q 2024). Profit margin: 13% (in line with 1Q 2024). Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Insurance industry in South America. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. New Risk • Apr 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Mexican stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Significant insider selling over the past 3 months (Mex$24m sold). Upcoming Dividend • Mar 27
Upcoming dividend of US$0.10 per share Eligible shareholders must have bought the stock before 03 April 2025. Payment date: 11 April 2025. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Mexican dividend payers (5.9%). Lower than average of industry peers (6.4%). Recent Insider Transactions • Mar 27
Independent Director recently sold Mex$2.2m worth of stock On the 25th of March, Devin Johnson sold around 400 shares on-market at roughly Mex$5,524 per share. This transaction amounted to 4.6% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth Mex$49m. Insiders have been net sellers, collectively disposing of Mex$260m more than they bought in the last 12 months. Annonce • Mar 19
The Progressive Corporation to Report Q1, 2025 Results on Apr 16, 2025 The Progressive Corporation announced that they will report Q1, 2025 results Pre-Market on Apr 16, 2025 Declared Dividend • Mar 12
Fourth quarter dividend of US$0.10 announced Shareholders will receive a dividend of US$0.10. Ex-date: 3rd April 2025 Payment date: 11th April 2025 Dividend yield will be 1.7%, which is lower than the industry average of 3.4%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 4.9% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • Mar 11
The Progressive Corporation Announces Quarterly Common Share Dividend, Payable on April 11, 2025 On March 7, 2025, the Board of Directors of The Progressive Corporation declared a $0.10 per common share dividend, payable April 11, 2025, to shareholders of record at the close of business on April 3, 2025. Reported Earnings • Mar 04
Full year 2024 earnings released: EPS: US$14.45 (vs US$6.61 in FY 2023) Full year 2024 results: EPS: US$14.45 (up from US$6.61 in FY 2023). Revenue: US$75.3b (up 21% from FY 2023). Net income: US$8.46b (up 119% from FY 2023). Profit margin: 11% (up from 6.2% in FY 2023). The increase in margin was driven by higher revenue. Combined ratio: 88.8% (down from 94.9% in FY 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Insurance industry in South America. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Feb 02
Insider recently sold Mex$19m worth of stock On the 30th of January, Lori Niederst sold around 4k shares on-market at roughly Mex$5,045 per share. This transaction amounted to 8.9% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth Mex$54m. Insiders have been net sellers, collectively disposing of Mex$255m more than they bought in the last 12 months. Reported Earnings • Jan 30
Full year 2024 earnings released: EPS: US$14.45 (vs US$6.61 in FY 2023) Full year 2024 results: EPS: US$14.45 (up from US$6.61 in FY 2023). Revenue: US$75.3b (up 21% from FY 2023). Net income: US$8.46b (up 119% from FY 2023). Profit margin: 11% (up from 6.2% in FY 2023). The increase in margin was driven by higher revenue. Combined ratio: 88.8% (down from 94.9% in FY 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Insurance industry in South America. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Annonce • Jan 30
The Progressive Corporation to Report January,2025 Results on Feb 19, 2025 The Progressive Corporation announced that they will report January, 2025 results at 9:30 AM, US Eastern Standard Time on Feb 19, 2025 Upcoming Dividend • Jan 02
Upcoming dividend of US$4.60 per share Eligible shareholders must have bought the stock before 09 January 2025. Payment date: 16 January 2025. Payout ratio is a comfortable 8.3% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Mexican dividend payers (6.8%). Lower than average of industry peers (6.1%). Declared Dividend • Dec 16
Third quarter dividend of US$4.60 announced Shareholders will receive a dividend of US$4.60. Ex-date: 9th January 2025 Payment date: 16th January 2025 Dividend yield will be 0.2%, which is lower than the industry average of 3.4%. Payout Ratios Payout ratio: 8%. Cash payout ratio: 5%. Recent Insider Transactions • Dec 05
VP & CFO recently sold Mex$54m worth of stock On the 29th of November, John Sauerland sold around 10k shares on-market at roughly Mex$5,443 per share. This transaction amounted to 2.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. John has been a net seller over the last 12 months, reducing personal holdings by Mex$142m. Buy Or Sell Opportunity • Nov 29
Now 20% undervalued Over the last 90 days, the stock has risen 11% to Mex$5,460. The fair value is estimated to be Mex$6,843, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 48%. Revenue is forecast to grow by 32% in 2 years. Earnings are forecast to grow by 2.5% in the next 2 years. Annonce • Nov 27
The Progressive Corporation to Report November,2024 Results on Dec 13, 2024 The Progressive Corporation announced that they will report November, 2024 results on Dec 13, 2024 Reported Earnings • Oct 15
Third quarter 2024 earnings released: EPS: US$4.01 (vs US$1.90 in 3Q 2023) Third quarter 2024 results: EPS: US$4.01 (up from US$1.90 in 3Q 2023). Revenue: US$19.7b (up 27% from 3Q 2023). Net income: US$2.35b (up 112% from 3Q 2023). Profit margin: 12% (up from 7.1% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Insurance industry in South America. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Annonce • Oct 15
The Progressive Corporation to Report Q3, 2024 Results on Nov 04, 2024 The Progressive Corporation announced that they will report Q3, 2024 results on Nov 04, 2024 Recent Insider Transactions • Oct 01
Independent Director recently sold Mex$11m worth of stock On the 27th of September, Kahina van Dyke sold around 2k shares on-market at roughly Mex$4,945 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth Mex$87m. Insiders have been net sellers, collectively disposing of Mex$175m more than they bought in the last 12 months. Upcoming Dividend • Sep 26
Upcoming dividend of US$0.10 per share Eligible shareholders must have bought the stock before 03 October 2024. Payment date: 11 October 2024. Payout ratio is a comfortable 9.8% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Mexican dividend payers (7.2%). Lower than average of industry peers (6.6%). Annonce • Sep 13
The Progressive Corporation to Report September,2024 Results on Oct 15, 2024 The Progressive Corporation announced that they will report September, 2024 results at 9:30 AM, US Eastern Standard Time on Oct 15, 2024 Annonce • Aug 31
The Progressive Corporation Announces the Retirement of Mariann Wojtkun Marshall as Chief Accounting Officer Mariann Wojtkun Marshall, Vice President and Chief Accounting Officer of The Progressive Corporation notified the Company of her decision to retire from these positions in mid-2025, following many years of service. Annonce • Aug 24
the Progressive Corporation Announces the Resignation of Danelle M. Barrett as A Member of the Board of Directors The Progressive Corporation that Danelle M. Barrett, a member of the Board of Directors (the Board"), intended to resign from the Board. Ms. Barrett's resignation was effective as of August 21, 2024. Ms. Barrett resigned due to personal health reasons and not as a result of any disagreement with the Company or the Board. Declared Dividend • Aug 08
Second quarter dividend of US$0.10 announced Shareholders will receive a dividend of US$0.10. Ex-date: 3rd October 2024 Payment date: 11th October 2024 Dividend yield will be 0.5%, which is lower than the industry average of 3.4%. Payout Ratios Payout ratio: 10%. Cash payout ratio: 5%. Annonce • Aug 06
The Progressive Corporation Declares Quarterly Common Share Dividend, Payable on October 11, 2024 On August 2, 2024, the Board of Directors of The Progressive Corporation declared a $0.10 per common share dividend, payable October 11, 2024, to shareholders of record at the close of business on October 3, 2024. Recent Insider Transactions • Jul 21
Independent Director recently sold Mex$20m worth of stock On the 18th of July, Roger Farah sold around 5k shares on-market at roughly Mex$4,045 per share. This transaction amounted to 75% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$137m more than they bought in the last 12 months. Reported Earnings • Jul 17
Second quarter 2024 earnings released: EPS: US$2.49 (vs US$0.57 in 2Q 2023) Second quarter 2024 results: EPS: US$2.49 (up from US$0.57 in 2Q 2023). Revenue: US$18.1b (up 18% from 2Q 2023). Net income: US$1.46b (up 334% from 2Q 2023). Profit margin: 8.0% (up from 2.2% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Insurance industry in South America. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Jul 16
The Progressive Corporation to Report July,2024 Results on Aug 14, 2024 The Progressive Corporation announced that they will report July, 2024 results at 9:30 AM, US Eastern Standard Time on Aug 14, 2024 Recent Insider Transactions • Jun 19
Insider recently sold Mex$2.5m worth of stock On the 17th of June, Mariann Marshall sold around 650 shares on-market at roughly Mex$3,855 per share. This transaction amounted to 4.2% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth Mex$3.5m. Insiders have been net sellers, collectively disposing of Mex$108m more than they bought in the last 12 months. Annonce • Jun 15
The Progressive Corporation to Report June,2024 Results on Jul 16, 2024 The Progressive Corporation announced that they will report June, 2024 results at 9:30 AM, US Eastern Standard Time on Jul 16, 2024 Buy Or Sell Opportunity • Jun 13
Now 21% undervalued Over the last 90 days, the stock has risen 11% to Mex$3,778. The fair value is estimated to be Mex$4,768, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 19%. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 21% in the next 2 years. Annonce • May 21
The Progressive Corporation to Report May,2024 Results on Jun 14, 2024 The Progressive Corporation announced that they will report May, 2024 results on Jun 14, 2024 Declared Dividend • May 17
Fourth quarter dividend of US$0.10 announced Shareholders will receive a dividend of US$0.10. Ex-date: 3rd July 2024 Payment date: 12th July 2024 Dividend yield will be 0.5%, which is lower than the industry average of 3.4%. Payout Ratios Payout ratio: 12%. Cash payout ratio: 6%. Reported Earnings • May 09
First quarter 2024 earnings released: EPS: US$3.95 (vs US$0.75 in 1Q 2023) First quarter 2024 results: EPS: US$3.95 (up from US$0.75 in 1Q 2023). Revenue: US$17.2b (up 21% from 1Q 2023). Net income: US$2.31b (up 425% from 1Q 2023). Profit margin: 13% (up from 3.1% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Insurance industry in South America. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Recent Insider Transactions • Apr 21
Independent Director recently sold Mex$3.5m worth of stock On the 17th of April, Devin Johnson sold around 1k shares on-market at roughly Mex$3,536 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$106m more than they bought in the last 12 months. Reported Earnings • Apr 12
First quarter 2024 earnings released: EPS: US$3.98 (vs US$0.75 in 1Q 2023) First quarter 2024 results: EPS: US$3.98 (up from US$0.75 in 1Q 2023). Revenue: US$17.2b (up 21% from 1Q 2023). Net income: US$2.33b (up 429% from 1Q 2023). Profit margin: 14% (up from 3.1% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Insurance industry in South America. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Annonce • Apr 09
The Progressive Corporation to Report March,2024 Results on Apr 12, 2024 The Progressive Corporation announced that they will report March, 2024 results on Apr 12, 2024 Upcoming Dividend • Mar 27
Upcoming dividend of US$0.10 per share Eligible shareholders must have bought the stock before 03 April 2024. Payment date: 12 April 2024. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Mexican dividend payers (6.2%). Lower than average of industry peers (6.2%). Declared Dividend • Mar 11
Fourth quarter dividend of US$0.10 announced Shareholders will receive a dividend of US$0.10. Ex-date: 3rd April 2024 Payment date: 12th April 2024 Dividend yield will be 0.6%, which is lower than the industry average of 3.4%. Payout Ratios Payout ratio: 17%. Cash payout ratio: 6%. Annonce • Mar 05
The Progressive Corporation Declares Quarterly Common Share Dividend, Payable on April 12, 2024 On March 1, 2024, the Board of Directors of The Progressive Corporation declared a $0.10 per common share dividend, payable April 12, 2024, to shareholders of record at the close of business on April 4, 2024 (ex-dividend date of April 3, 2024). Reported Earnings • Feb 27
Full year 2023 earnings released: EPS: US$6.61 (vs US$1.19 in FY 2022) Full year 2023 results: EPS: US$6.61 (up from US$1.19 in FY 2022). Revenue: US$62.1b (up 25% from FY 2022). Net income: US$3.86b (up 456% from FY 2022). Profit margin: 6.2% (up from 1.4% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Insurance industry in South America. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Annonce • Jan 25
The Progressive Corporation to Report ,2024 Results on Feb 14, 2024 The Progressive Corporation announced that they will report , 2024 results at 9:30 AM, US Eastern Standard Time on Feb 14, 2024 Reported Earnings • Jan 24
Full year 2023 earnings released: EPS: US$6.61 (vs US$1.19 in FY 2022) Full year 2023 results: EPS: US$6.61 (up from US$1.19 in FY 2022). Revenue: US$62.1b (up 25% from FY 2022). Net income: US$3.86b (up 456% from FY 2022). Profit margin: 6.2% (up from 1.4% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Insurance industry in South America. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Upcoming Dividend • Jan 11
Upcoming dividend of US$0.85 per share at 0.2% yield Eligible shareholders must have bought the stock before 18 January 2024. Payment date: 26 January 2024. Payout ratio is a comfortable 8.6% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Mexican dividend payers (7.1%). Lower than average of industry peers (7.0%). Upcoming Dividend • Jan 11
Upcoming dividend of US$0.85 per share at 0.2% yield Eligible shareholders must have bought the stock before 18 January 2024. Payment date: 26 January 2024. Payout ratio is a comfortable 8.6% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Mexican dividend payers (7.1%). Lower than average of industry peers (7.0%). Annonce • Jan 02
The Progressive Corporation to Report Q4, 2023 Results on Jan 24, 2024 The Progressive Corporation announced that they will report Q4, 2023 results on Jan 24, 2024 Board Change • Dec 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 6 highly experienced directors. Director Danelle Barrett was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Nov 18
The Progressive Corporation to Report November,2023 Results on Dec 15, 2023 The Progressive Corporation announced that they will report November, 2023 results at 9:30 AM, US Eastern Standard Time on Dec 15, 2023 Recent Insider Transactions • Oct 26
Independent Director recently sold Mex$42m worth of stock On the 24th of October, Stuart Burgdoerfer sold around 15k shares on-market at roughly Mex$2,832 per share. This transaction amounted to 52% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth Mex$48m. Insiders have been net sellers, collectively disposing of Mex$117m more than they bought in the last 12 months. 
