Progressive Past Earnings Performance
Past criteria checks 5/6
Progressive's earnings have been declining at an average annual rate of -9.6%, while the Insurance industry saw earnings growing at 7.1% annually. Revenues have been growing at an average rate of 11.4% per year. Progressive's return on equity is 26.5%, and it has net margins of 8.8%.
Key information
-9.6%
Earnings growth rate
-9.7%
EPS growth rate
| Insurance Industry Growth | 8.0% |
| Revenue growth rate | 11.4% |
| Return on equity | 26.5% |
| Net Margin | 8.8% |
| Next Earnings Update | 06 May 2024 |
Recent past performance updates
Recent updates
Progressive: This Winner Has Much More Long-Term Upside
Apr 12Progressive Insurance, Regressive Returns?
Jan 23What You Can Learn From The Progressive Corporation's (NYSE:PGR) P/E
Dec 18
Auto Insurer Progressive Speeds By On Revenue And Earnings, As Hold Rating Reaffirmed
Nov 09The Progressive Corporation: Analysts' Estimates Overly Optimistic (Maintain Strong Sell)
Oct 09Progressive: Continue To Hold Due To Mixed Q2 2023 Results
Jul 26Progressive: 2nd-Worst Day Since 2002 Following An EPS Miss, Stock Near Support
Jul 13The Progressive Corp: Leading Auto Insurer Crashes On Low Dividends And Overvaluation
Jun 21Progressive posts 13% Y/Y increase in January earned premiums
Feb 15Progressive Q4 2022 Earnings Preview
Jan 24The Progressive reduces loss estimates from Hurricane Ian
Dec 21Progressive posts increased premium for November
Dec 14LRT Capital - Progressive Corp: Evolving Towards A Duopoly
Nov 09Progressive: Shares Trending Higher Into Earnings, Profitability Seen Improving
Oct 10Progressive (NYSE:PGR) Will Pay A Dividend Of $0.10
Sep 16Progressive reports profit growth in monthly update
Aug 17Progressive (NYSE:PGR) Has Announced A Dividend Of $0.10
Aug 12Baron Fintech Fund - Progressive Corp.: Rising Interest Rates, A Financial Tailwind
Aug 11Progressive: Too Pricey For Uncertain Dividend Yields
Jul 20Progressive Q2 2022 Earnings Preview
Jul 14Progressive (NYSE:PGR) Will Pay A Dividend Of US$0.10
Jul 03Progressive (NYSE:PGR) Will Pay A Dividend Of US$0.10
Jun 19Revenue & Expenses BreakdownBeta
How Progressive makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 24 | 65,021 | 5,739 | 0 | 0 |
| 31 Dec 23 | 62,082 | 3,865 | 0 | 0 |
| 30 Sep 23 | 58,661 | 2,707 | 0 | 0 |
| 30 Jun 23 | 55,882 | 1,714 | 0 | 0 |
| 31 Mar 23 | 52,048 | 828 | 0 | 0 |
| 31 Dec 22 | 49,586 | 695 | 0 | 0 |
| 30 Sep 22 | 48,609 | 831 | 0 | 0 |
| 30 Jun 22 | 47,687 | 825 | 0 | 0 |
| 31 Mar 22 | 48,073 | 2,158 | 0 | 0 |
| 31 Dec 21 | 47,677 | 3,324 | 0 | 0 |
| 30 Sep 21 | 46,602 | 4,046 | 15 | 0 |
| 30 Jun 21 | 45,692 | 5,458 | 44 | 0 |
| 31 Mar 21 | 44,760 | 6,459 | 1,077 | 0 |
| 31 Dec 20 | 42,638 | 5,678 | 1,077 | 0 |
| 30 Sep 20 | 41,963 | 5,064 | 1,062 | 0 |
| 30 Jun 20 | 40,545 | 4,375 | 1,033 | 0 |
| 31 Mar 20 | 39,022 | 3,564 | 0 | 0 |
| 31 Dec 19 | 38,998 | 3,943 | 0 | 0 |
| 30 Sep 19 | 36,292 | 3,137 | 0 | 0 |
| 30 Jun 19 | 35,257 | 3,224 | 0 | 0 |
| 31 Mar 19 | 33,824 | 2,949 | 0 | 0 |
| 31 Dec 18 | 31,955 | 2,594 | 0 | 0 |
| 30 Sep 18 | 31,041 | 2,912 | 0 | 0 |
| 30 Jun 18 | 29,337 | 2,215 | 0 | 0 |
| 31 Mar 18 | 27,924 | 1,885 | 0 | 0 |
| 31 Dec 17 | 26,816 | 1,592 | 0 | 0 |
| 30 Sep 17 | 25,823 | 1,399 | 0 | 0 |
| 30 Jun 17 | 24,967 | 1,374 | 0 | 0 |
| 31 Mar 17 | 24,181 | 1,197 | 0 | 0 |
| 31 Dec 16 | 23,417 | 1,031 | 0 | 0 |
| 30 Sep 16 | 22,690 | 978 | 0 | 0 |
| 30 Jun 16 | 22,029 | 1,058 | 0 | 0 |
| 31 Mar 16 | 21,495 | 1,230 | 0 | 0 |
| 31 Dec 15 | 20,832 | 1,268 | 0 | 0 |
| 30 Sep 15 | 20,609 | 1,307 | 0 | 0 |
| 30 Jun 15 | 20,106 | 1,325 | 0 | 0 |
| 31 Mar 15 | 19,564 | 1,255 | 0 | 0 |
| 31 Dec 14 | 19,377 | 1,281 | 0 | 0 |
| 30 Sep 14 | 18,821 | 1,211 | 0 | 0 |
| 30 Jun 14 | 18,574 | 1,147 | 0 | 0 |
| 31 Mar 14 | 18,428 | 1,178 | 0 | 0 |
| 31 Dec 13 | 18,156 | 1,165 | 0 | 0 |
| 30 Sep 13 | 17,888 | 1,115 | 0 | 0 |
| 30 Jun 13 | 17,789 | 1,159 | 0 | 0 |
Quality Earnings: PGR has high quality earnings.
Growing Profit Margin: PGR's current net profit margins (8.8%) are higher than last year (1.6%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: PGR's earnings have declined by 9.6% per year over the past 5 years.
Accelerating Growth: PGR's earnings growth over the past year (593.1%) exceeds its 5-year average (-9.6% per year).
Earnings vs Industry: PGR earnings growth over the past year (593.1%) exceeded the Insurance industry 22%.
Return on Equity
High ROE: PGR's Return on Equity (26.5%) is considered high.