The Progressive Corporation

NYSE:PGR Stock Report

Market Cap: US$123.5b

Progressive Balance Sheet Health

Financial Health criteria checks 5/6

Progressive has a total shareholder equity of $21.8B and total debt of $6.9B, which brings its debt-to-equity ratio to 31.6%. Its total assets and total liabilities are $94.1B and $72.3B respectively. Progressive's EBIT is $7.6B making its interest coverage ratio 27.5. It has cash and short-term investments of $1.5B.

Key information

31.6%

Debt to equity ratio

US$6.89b

Debt

Interest coverage ratio27.5x
CashUS$1.48b
EquityUS$21.81b
Total liabilitiesUS$72.32b
Total assetsUS$94.13b

Recent financial health updates

No updates

Recent updates

Progressive: Growth Story Already Priced In

Jun 19

Investors Appear Satisfied With The Progressive Corporation's (NYSE:PGR) Prospects

Jun 18
Investors Appear Satisfied With The Progressive Corporation's (NYSE:PGR) Prospects

Progressive: This Winner Has Much More Long-Term Upside

Apr 12

Progressive Insurance, Regressive Returns?

Jan 23

What You Can Learn From The Progressive Corporation's (NYSE:PGR) P/E

Dec 18
What You Can Learn From The Progressive Corporation's (NYSE:PGR) P/E

Auto Insurer Progressive Speeds By On Revenue And Earnings, As Hold Rating Reaffirmed

Nov 09

The Progressive Corporation: Analysts' Estimates Overly Optimistic (Maintain Strong Sell)

Oct 09

Progressive: Continue To Hold Due To Mixed Q2 2023 Results

Jul 26

Progressive: 2nd-Worst Day Since 2002 Following An EPS Miss, Stock Near Support

Jul 13

The Progressive Corp: Leading Auto Insurer Crashes On Low Dividends And Overvaluation

Jun 21

Progressive posts 13% Y/Y increase in January earned premiums

Feb 15

Progressive Q4 2022 Earnings Preview

Jan 24

The Progressive reduces loss estimates from Hurricane Ian

Dec 21

Progressive posts increased premium for November

Dec 14

LRT Capital - Progressive Corp: Evolving Towards A Duopoly

Nov 09

Progressive: Shares Trending Higher Into Earnings, Profitability Seen Improving

Oct 10

Progressive (NYSE:PGR) Will Pay A Dividend Of $0.10

Sep 16
Progressive (NYSE:PGR) Will Pay A Dividend Of $0.10

Progressive reports profit growth in monthly update

Aug 17

Progressive (NYSE:PGR) Has Announced A Dividend Of $0.10

Aug 12
Progressive (NYSE:PGR) Has Announced A Dividend Of $0.10

Baron Fintech Fund - Progressive Corp.: Rising Interest Rates, A Financial Tailwind

Aug 11

Progressive: Too Pricey For Uncertain Dividend Yields

Jul 20

Progressive Q2 2022 Earnings Preview

Jul 14

Financial Position Analysis

Short Term Liabilities: PGR's short term assets ($21.5B) do not cover its short term liabilities ($65.4B).

Long Term Liabilities: PGR's short term assets ($21.5B) exceed its long term liabilities ($6.9B).


Debt to Equity History and Analysis

Debt Level: PGR's net debt to equity ratio (24.8%) is considered satisfactory.

Reducing Debt: PGR's debt to equity ratio has reduced from 35.7% to 31.6% over the past 5 years.

Debt Coverage: PGR's debt is well covered by operating cash flow (180.4%).

Interest Coverage: PGR's interest payments on its debt are well covered by EBIT (27.5x coverage).


Balance Sheet


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