The Progressive Corporation

NYSE:PGR Stock Report

Market Cap: US$141.2b

Progressive Past Earnings Performance

Past criteria checks 6/6

Progressive has been growing earnings at an average annual rate of 1.4%, while the Insurance industry saw earnings growing at 12.6% annually. Revenues have been growing at an average rate of 12.3% per year. Progressive's return on equity is 29.9%, and it has net margins of 11.2%.

Key information

1.4%

Earnings growth rate

1.3%

EPS growth rate

Insurance Industry Growth8.0%
Revenue growth rate12.3%
Return on equity29.9%
Net Margin11.2%
Next Earnings Update29 Jan 2025

Recent past performance updates

Recent updates

Auto Insurer Progressive Held Up In Traffic As Valuation Puts Brakes On Rating

Dec 02

Here's Why Progressive (NYSE:PGR) Has Caught The Eye Of Investors

Nov 24
Here's Why Progressive (NYSE:PGR) Has Caught The Eye Of Investors

Progressive: Skyrocketing Car Insurance Costs Increase Consumer Price Sensitivity

Oct 28

Progressive Is A Buy On Its Justified Valuation

Oct 16

What The Progressive Corporation's (NYSE:PGR) P/E Is Not Telling You

Oct 04
What The Progressive Corporation's (NYSE:PGR) P/E Is Not Telling You

Progressive: A Backbone For Your Portfolio

Sep 25

Progressive Corporation: Accumulate This Amazing Performer On Weaknesses

Aug 27

If EPS Growth Is Important To You, Progressive (NYSE:PGR) Presents An Opportunity

Aug 26
If EPS Growth Is Important To You, Progressive (NYSE:PGR) Presents An Opportunity

Results: The Progressive Corporation Beat Earnings Expectations And Analysts Now Have New Forecasts

Jul 18
Results: The Progressive Corporation Beat Earnings Expectations And Analysts Now Have New Forecasts

Progressive Is A Buy Ahead Of Earnings

Jul 08

Progressive: Innovation Prioritization And Continued Steady Growth Make It A Buy

Jun 29

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

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

Revenue & Expenses Breakdown

How Progressive makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:PGR Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 2471,9598,08400
30 Jun 2467,8016,86100
31 Mar 2465,0215,73900
31 Dec 2362,0823,86500
30 Sep 2358,6612,70700
30 Jun 2355,8821,71400
31 Mar 2352,04882800
31 Dec 2249,58669500
30 Sep 2248,60983100
30 Jun 2247,68782500
31 Mar 2248,0732,15800
31 Dec 2147,6773,32400
30 Sep 2146,6024,046150
30 Jun 2145,6925,458440
31 Mar 2144,7606,4591,0770
31 Dec 2042,6385,6781,0770
30 Sep 2041,9635,0641,0620
30 Jun 2040,5454,3751,0330
31 Mar 2039,0223,56400
31 Dec 1938,9983,94300
30 Sep 1936,2923,13700
30 Jun 1935,2573,22400
31 Mar 1933,8242,94900
31 Dec 1831,9552,59400
30 Sep 1831,0412,91200
30 Jun 1829,3372,21500
31 Mar 1827,9241,88500
31 Dec 1726,8161,59200
30 Sep 1725,8231,39900
30 Jun 1724,9671,37400
31 Mar 1724,1811,19700
31 Dec 1623,4171,03100
30 Sep 1622,69097800
30 Jun 1622,0291,05800
31 Mar 1621,4951,23000
31 Dec 1520,8321,26800
30 Sep 1520,6091,30700
30 Jun 1520,1061,32500
31 Mar 1519,5641,25500
31 Dec 1419,3771,28100
30 Sep 1418,8211,21100
30 Jun 1418,5741,14700
31 Mar 1418,4281,17800
31 Dec 1318,1561,16500

Quality Earnings: PGR has high quality earnings.

Growing Profit Margin: PGR's current net profit margins (11.2%) are higher than last year (4.6%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: PGR's earnings have grown by 1.4% per year over the past 5 years.

Accelerating Growth: PGR's earnings growth over the past year (198.6%) exceeds its 5-year average (1.4% per year).

Earnings vs Industry: PGR earnings growth over the past year (198.6%) exceeded the Insurance industry 36.6%.

Return on Equity

High ROE: PGR's Return on Equity (29.9%) is considered high.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 02:39
End of Day Share Price 2024/12/30 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

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 43 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jacob KilsteinArgus Research Company
Jay GelbBarclays
Alex ScottBarclays