Announcement • 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 Announcement • 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. Announcement • 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 Announcement • 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 Announcement • 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. Announcement • 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. Announcement • 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 Announcement • Dec 09
The Progressive Corporation, Annual General Meeting, May 08, 2026 The Progressive Corporation, Annual General Meeting, May 08, 2026. Announcement • 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 Announcement • 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 Announcement • 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 Announcement • 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 Announcement • 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 Announcement • 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. Announcement • 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 Announcement • Jun 30
The Progressive Corporation(NYSE:PGR) dropped from Russell 1000 Dynamic Index The Progressive Corporation(NYSE:PGR) dropped from Russell 1000 Dynamic Index Announcement • 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 Announcement • 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 Announcement • 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 Announcement • 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. Announcement • 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 Recent Insider Transactions • Jan 02
VP & CFO recently sold €2.3m worth of stock On the 30th of December, John Sauerland sold around 10k shares on-market at roughly €230 per share. This transaction amounted to 2.7% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €2.5m. John has been a net seller over the last 12 months, reducing personal holdings by €9.3m. Board Change • Dec 30
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. Announcement • 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 5.0% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 48% per year whereas the company’s share price has increased by 44% per year. Announcement • 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 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: 0.4%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.9%). Announcement • 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 Announcement • 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. Announcement • 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 3.8%. Payout Ratios Payout ratio: 10%. Cash payout ratio: 5%. Announcement • 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 €1.0m worth of stock On the 18th of July, Roger Farah sold around 5k shares on-market at roughly €208 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 €7.2m 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 5.2% growth forecast for the Insurance industry in Europe. 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 34% per year, which means it is tracking significantly ahead of earnings growth. Announcement • 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 Upcoming Dividend • Jun 26
Upcoming dividend of US$0.10 per share Eligible shareholders must have bought the stock before 03 July 2024. Payment date: 12 July 2024. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.2%). Announcement • 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 Announcement • 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 0.6%, which is lower than the industry average of 3.8%. 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 5.5% growth forecast for the Insurance industry in Europe. 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 32% per year, which means it is well ahead of earnings. 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 11% growth forecast for the Insurance industry in Germany. 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 31% per year, which means it is well ahead of earnings. Announcement • 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 German dividend payers (4.7%). Lower than average of industry peers (4.1%). 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 3.8%. Payout Ratios Payout ratio: 17%. Cash payout ratio: 6%. Announcement • 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 10% growth forecast for the Insurance industry in Germany. 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 35% per year, which means it is well ahead of earnings. Announcement • 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 25
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 8.1% growth forecast for the Insurance industry in Germany. 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 29% 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 German dividend payers (4.9%). Lower than average of industry peers (3.8%). Announcement • 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 01
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. Announcement • 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 €2.2m worth of stock On the 24th of October, Stuart Burgdoerfer sold around 15k shares on-market at roughly €147 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 €2.6m. Insiders have been net sellers, collectively disposing of €6.2m more than they bought in the last 12 months. Reported Earnings • Oct 15
Third quarter 2023 earnings released: EPS: US$1.90 (vs US$0.20 in 3Q 2022) Third quarter 2023 results: EPS: US$1.90 (up from US$0.20 in 3Q 2022). Revenue: US$15.6b (up 22% from 3Q 2022). Net income: US$1.11b (up US$993.5m from 3Q 2022). Profit margin: 7.1% (up from 0.9% in 3Q 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 6.3% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Announcement • Oct 14
The Progressive Corporation to Report October,2023 Results on Nov 17, 2023 The Progressive Corporation announced that they will report October, 2023 results on Nov 17, 2023 Announcement • Oct 05
The Progressive Corporation to Report September,2023 Results on Oct 13, 2023 The Progressive Corporation announced that they will report September, 2023 results at 12:00 PM, Eastern Daylight on Oct 13, 2023 Upcoming Dividend • Sep 27
Upcoming dividend of US$0.10 per share at 0.3% yield Eligible shareholders must have bought the stock before 04 October 2023. Payment date: 13 October 2023. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (4.0%). Recent Insider Transactions • Sep 03
Independent Director recently sold €2.6m worth of stock On the 30th of August, Barbara Snyder sold around 22k shares on-market at roughly €122 per share. This transaction amounted to 77% 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 €6.4m more than they bought in the last 12 months. Announcement • Jul 14
The Progressive Corporation to Report July,2023 Results on Aug 16, 2023 The Progressive Corporation announced that they will report July, 2023 results at 9:30 AM, US Eastern Standard Time on Aug 16, 2023 Buying Opportunity • Jul 14
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be €140, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years. Earnings per share has declined by 59%. Revenue is forecast to grow by 29% in 2 years. Earnings is forecast to grow by 199% in the next 2 years. Upcoming Dividend • Jun 29
Upcoming dividend of US$0.10 per share at 0.3% yield Eligible shareholders must have bought the stock before 06 July 2023. Payment date: 14 July 2023. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (4.4%). Reported Earnings • May 03
First quarter 2023 earnings released: EPS: US$0.75 (vs US$0.53 in 1Q 2022) First quarter 2023 results: EPS: US$0.75 (up from US$0.53 in 1Q 2022). Revenue: US$14.3b (up 21% from 1Q 2022). Net income: US$440.6m (up 43% from 1Q 2022). Profit margin: 3.1% (up from 2.6% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 29
Upcoming dividend of US$0.10 per share at 0.3% yield Eligible shareholders must have bought the stock before 05 April 2023. Payment date: 14 April 2023. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.7%). Buying Opportunity • Mar 24
Now 21% undervalued Over the last 90 days, the stock is up 3.5%. The fair value is estimated to be €158, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.4% over the last 3 years. Earnings per share has declined by 39%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings is also forecast to grow by 34% per annum over the same time period. Board Change • Mar 21
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. 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. Announcement • Feb 16
The Progressive Corporation to Report February,2023 Results on Mar 15, 2023 The Progressive Corporation announced that they will report February, 2023 results at 9:30 AM, US Eastern Standard Time on Mar 15, 2023 Announcement • Jan 26
The Progressive Corporation to Report Q4, 2022 Results on Feb 15, 2023 The Progressive Corporation announced that they will report Q4, 2022 results Pre-Market on Feb 15, 2023 Board Change • Nov 16
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. 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 • Oct 14
Third quarter 2022 earnings released: EPS: US$0.20 (vs US$0.19 in 3Q 2021) Third quarter 2022 results: EPS: US$0.20 (up from US$0.19 in 3Q 2021). Revenue: US$12.8b (up 7.8% from 3Q 2021). Net income: US$117.4m (up 5.0% from 3Q 2021). Profit margin: 0.9% (in line with 3Q 2021). Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 29
Upcoming dividend of US$0.10 per share Eligible shareholders must have bought the stock before 06 October 2022. Payment date: 14 October 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (5.5%). Lower than average of industry peers (5.4%). Recent Insider Transactions • Sep 21
President of Personal Lines recently sold €2.4m worth of stock On the 16th of September, Patrick Callahan sold around 19k shares on-market at roughly €125 per share. This transaction amounted to 59% 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 €3.9m more than they bought in the last 12 months. Reported Earnings • Jul 17
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: US$11.5b (down 3.2% from 2Q 2021). Net income: (down US$783.4m from profit in 2Q 2021). Profit margin: 0% (down from 6.6% in 2Q 2021). The decrease in margin was primarily driven by higher expenses. Over the next year, revenue is forecast to grow 13%, compared to a 22% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jun 29
Upcoming dividend of US$0.10 per share Eligible shareholders must have bought the stock before 06 July 2022. Payment date: 15 July 2022. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (5.2%). Board Change • Jun 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. 6 experienced directors. 5 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 04
First quarter 2022 earnings released: EPS: US$0.53 (vs US$2.52 in 1Q 2021) First quarter 2022 results: EPS: US$0.53 (down from US$2.52 in 1Q 2021). Revenue: US$11.8b (up 3.5% from 1Q 2021). Net income: US$307.2m (down 79% from 1Q 2021). Profit margin: 2.6% (down from 13% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 8.2%, compared to a 20% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 16
First quarter 2022 earnings released: EPS: US$0.53 (vs US$2.52 in 1Q 2021) First quarter 2022 results: EPS: US$0.53 (down from US$2.52 in 1Q 2021). Revenue: US$11.8b (up 3.5% from 1Q 2021). Net income: US$307.2m (down 79% from 1Q 2021). Profit margin: 2.6% (down from 13% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 7.7%, compared to a 20% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Mar 30
Upcoming dividend of US$0.10 per share Eligible shareholders must have bought the stock before 06 April 2022. Payment date: 14 April 2022. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (3.7%). Lower than average of industry peers (4.5%). Reported Earnings • Mar 02
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$5.69 (down from US$9.71 in FY 2020). Revenue: US$47.7b (up 12% from FY 2020). Net income: US$3.32b (down 42% from FY 2020). Profit margin: 7.0% (down from 13% in FY 2020). The decrease in margin was driven by higher expenses. Combined ratio: 95.3% (up from 87.7% in FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 7.2%, compared to a 17% growth forecast for the insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 14% per year. Reported Earnings • Jan 27
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$5.69 (down from US$9.71 in FY 2020). Revenue: US$47.7b (up 12% from FY 2020). Net income: US$3.32b (down 42% from FY 2020). Profit margin: 7.0% (down from 13% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 7.0%, compared to a 14% growth forecast for the insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 17% per year. Upcoming Dividend • Dec 30
Upcoming dividend of US$0.10 per share Eligible shareholders must have bought the stock before 06 January 2022. Payment date: 14 January 2022. Payout ratio is a comfortable 71% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (4.1%). Recent Insider Transactions • Dec 21
President of Claims recently sold €1.2m worth of stock On the 16th of December, Michael Sieger sold around 13k shares on-market at roughly €91.03 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €5.1m more than they bought in the last 12 months. Recent Insider Transactions • Oct 27
Independent Director recently sold €273k worth of stock On the 21st of October, Kahina van Dyke sold around 3k shares on-market at roughly €80.38 per share. In the last 3 months, there was an even bigger sale from another insider worth €1.2m. Insiders have been net sellers, collectively disposing of €3.9m more than they bought in the last 12 months. Reported Earnings • Oct 15
Third quarter 2021 earnings released: EPS US$0.19 (vs US$2.61 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: US$11.9b (up 8.3% from 3Q 2020). Net income: US$111.8m (down 93% from 3Q 2020). Profit margin: 0.9% (down from 14% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 29
Upcoming dividend of US$0.10 per share Eligible shareholders must have bought the stock before 06 October 2021. Payment date: 15 October 2021. Trailing yield: 5.4%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (4.4%).