Progressive Balance Sheet Health
Financial Health criteria checks 5/6
Progressive has a total shareholder equity of $25.6B and total debt of $6.9B, which brings its debt-to-equity ratio to 26.9%. Its total assets and total liabilities are $105.7B and $80.2B respectively. Progressive's EBIT is $11.0B making its interest coverage ratio 39.4. It has cash and short-term investments of $615.0M.
Key information
26.9%
Debt to equity ratio
US$6.89b
Debt
| Interest coverage ratio | 39.4x |
| Cash | US$615.00m |
| Equity | US$25.59b |
| Total liabilities | US$80.15b |
| Total assets | US$105.75b |
Recent financial health updates
No updates
Recent updates
Progressive: Profitability And Valuations Indicates Hold
Jan 21The Progressive Corporation's (NYSE:PGR) Shares May Have Run Too Fast Too Soon
Jan 18
Progressive: A Priced-For-Perfection Industry Outperformer
Jan 04Auto Insurer Progressive Held Up In Traffic As Valuation Puts Brakes On Rating
Dec 02Here's Why Progressive (NYSE:PGR) Has Caught The Eye Of Investors
Nov 24Progressive: Skyrocketing Car Insurance Costs Increase Consumer Price Sensitivity
Oct 28Progressive Is A Buy On Its Justified Valuation
Oct 16What The Progressive Corporation's (NYSE:PGR) P/E Is Not Telling You
Oct 04Progressive: A Backbone For Your Portfolio
Sep 25Progressive Corporation: Accumulate This Amazing Performer On Weaknesses
Aug 27If EPS Growth Is Important To You, Progressive (NYSE:PGR) Presents An Opportunity
Aug 26Results: The Progressive Corporation Beat Earnings Expectations And Analysts Now Have New Forecasts
Jul 18Progressive Is A Buy Ahead Of Earnings
Jul 08Progressive: Innovation Prioritization And Continued Steady Growth Make It A Buy
Jun 29Progressive: Growth Story Already Priced In
Jun 19Investors Appear Satisfied With The Progressive Corporation's (NYSE:PGR) Prospects
Jun 18Progressive: This Winner Has Much More Long-Term Upside
Apr 12Progressive Insurance, Regressive Returns?
Jan 23Auto Insurer Progressive Speeds By On Revenue And Earnings, As Hold Rating Reaffirmed
Nov 09The Progressive Corporation: Analysts' Estimates Overly Optimistic (Maintain Strong Sell)
Oct 09Financial Position Analysis
Short Term Liabilities: PGR's short term assets ($19.7B) do not cover its short term liabilities ($73.1B).
Long Term Liabilities: PGR's short term assets ($19.7B) exceed its long term liabilities ($7.0B).
Debt to Equity History and Analysis
Debt Level: PGR's net debt to equity ratio (24.5%) is considered satisfactory.
Reducing Debt: PGR's debt to equity ratio has reduced from 31.7% to 26.9% over the past 5 years.
Debt Coverage: PGR's debt is well covered by operating cash flow (211.1%).
Interest Coverage: PGR's interest payments on its debt are well covered by EBIT (39.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/30 04:51 |
| End of Day Share Price | 2025/01/30 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
The Progressive Corporation is covered by 42 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jacob Kilstein | Argus Research Company |
| Jay Gelb | Barclays |
| Alex Scott | Barclays |