| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 4/6 |
| Past Performance | 2/6 |
| Financial Health | 4/6 |
| Dividends | 4/6 |
PGR Stock Overview
The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, general liability, and other specialty property-casualty insurance products and related services in the United States.
Progressive Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$118.48 |
| 52 Week High | US$121.36 |
| 52 Week Low | US$89.35 |
| Beta | 0.49 |
| 1 Month Change | -0.53% |
| 3 Month Change | 3.84% |
| 1 Year Change | 19.71% |
| 3 Year Change | 41.06% |
| 5 Year Change | 163.35% |
| Change since IPO | 10,978.65% |
Recent News & Updates
Progressive (NYSE:PGR) Will Pay A Dividend Of US$0.10
The board of The Progressive Corporation ( NYSE:PGR ) has announced that it will pay a dividend of US$0.10 per share on...
Progressive (NYSE:PGR) Will Pay A Dividend Of US$0.10
The Progressive Corporation ( NYSE:PGR ) has announced that it will pay a dividend of US$0.10 per share on the 15th of...
Shareholder Returns
| PGR | US Insurance | US Market | |
|---|---|---|---|
| 7D | 2.1% | 0.7% | -2.2% |
| 1Y | 19.7% | 2.9% | -21.2% |
Return vs Industry: PGR exceeded the US Insurance industry which returned 2.9% over the past year.
Return vs Market: PGR exceeded the US Market which returned -21.2% over the past year.
Price Volatility
| PGR volatility | |
|---|---|
| PGR Average Weekly Movement | 4.3% |
| Insurance Industry Average Movement | 5.0% |
| Market Average Movement | 8.1% |
| 10% most volatile stocks in US Market | 16.9% |
| 10% least volatile stocks in US Market | 3.3% |
Stable Share Price: PGR is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: PGR's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1937 | 49,077 | Tricia Griffith | https://www.progressive.com |
The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, general liability, and other specialty property-casualty insurance products and related services in the United States. It operates in three segments: Personal Lines, Commercial Lines, and Property. The Personal Lines segment writes insurance for personal autos and recreational vehicles (RV).
Progressive Fundamentals Summary
| PGR fundamental statistics | |
|---|---|
| Market Cap | US$69.30b |
| Earnings (TTM) | US$2.16b |
| Revenue (TTM) | US$48.07b |
32.1x
P/E Ratio1.4x
P/S RatioIs PGR overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| PGR income statement (TTM) | |
|---|---|
| Revenue | US$48.07b |
| Cost of Revenue | US$44.86b |
| Gross Profit | US$3.22b |
| Other Expenses | US$1.06b |
| Earnings | US$2.16b |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Jul 15, 2022
| Earnings per share (EPS) | 3.69 |
| Gross Margin | 6.69% |
| Net Profit Margin | 4.49% |
| Debt/Equity Ratio | 37.4% |
How did PGR perform over the long term?
See historical performance and comparisonDividends
1.6%
Current Dividend Yield51%
Payout RatioDoes PGR pay a reliable dividends?
See PGR dividend history and benchmarks| Progressive dividend dates | |
|---|---|
| Ex Dividend Date | Jul 06 2022 |
| Dividend Pay Date | Jul 15 2022 |
| Days until Ex dividend | 1 day |
| Days until Dividend pay date | 10 days |
Does PGR pay a reliable dividends?
See PGR dividend history and benchmarksValuation
Is PGR undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for PGR?
Other financial metrics that can be useful for relative valuation.
| What is PGR's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | US$69.30b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 1.6x |
| Enterprise Value/EBITDA | 23x |
| PEG Ratio | 0.8x |
Price to Earnings Ratio vs Peers
How does PGR's PE Ratio compare to its peers?
| PGR PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 10.2x | ||
CB Chubb | 10.3x | 4.9% | US$84.3b |
TRV Travelers Companies | 10.4x | 4.4% | US$40.8b |
ALL Allstate | 10.8x | 22.9% | US$35.9b |
CINF Cincinnati Financial | 9.4x | -11.7% | US$19.3b |
PGR Progressive | 32.1x | 39.0% | US$69.3b |
Price-To-Earnings vs Peers: PGR is expensive based on its Price-To-Earnings Ratio (32.1x) compared to the peer average (10.2x).
Price to Earnings Ratio vs Industry
How does PGR's PE Ratio compare vs other companies in the US Insurance Industry?
Price-To-Earnings vs Industry: PGR is expensive based on its Price-To-Earnings Ratio (32.1x) compared to the US Insurance industry average (11.7x)
Price to Earnings Ratio vs Fair Ratio
What is PGR's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 32.1x |
| Fair PE Ratio | 19.6x |
Price-To-Earnings vs Fair Ratio: PGR is expensive based on its Price-To-Earnings Ratio (32.1x) compared to the estimated Fair Price-To-Earnings Ratio (19.6x).
Share Price vs Fair Value
What is the Fair Price of PGR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: PGR ($118.48) is trading below our estimate of fair value ($145.28)
Significantly Below Fair Value: PGR is trading below fair value, but not by a significant amount.
Price to Earnings Growth Ratio
PEG Ratio: PGR is good value based on its PEG Ratio (0.8x)
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Future Growth
How is Progressive forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Future Growth Score
4/6Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
39.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PGR's forecast earnings growth (39% per year) is above the savings rate (1.9%).
Earnings vs Market: PGR's earnings (39% per year) are forecast to grow faster than the US market (13.6% per year).
High Growth Earnings: PGR's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: PGR's revenue (9.5% per year) is forecast to grow faster than the US market (8.2% per year).
High Growth Revenue: PGR's revenue (9.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PGR's Return on Equity is forecast to be low in 3 years time (20%).
Discover growth companies
Past Performance
How has Progressive performed over the past 5 years?
Past Performance Score
2/6Past Performance Score 2/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
21.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PGR has high quality earnings.
Growing Profit Margin: PGR's current net profit margins (4.5%) are lower than last year (14.4%).
Past Earnings Growth Analysis
Earnings Trend: PGR's earnings have grown significantly by 21.7% per year over the past 5 years.
Accelerating Growth: PGR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PGR had negative earnings growth (-66.6%) over the past year, making it difficult to compare to the Insurance industry average (-3.3%).
Return on Equity
High ROE: PGR's Return on Equity (12.8%) is considered low.
Discover strong past performing companies
Financial Health
How is Progressive's financial position?
Financial Health Score
4/6Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: PGR's short term assets ($17.0B) do not cover its short term liabilities ($50.1B).
Long Term Liabilities: PGR's short term assets ($17.0B) exceed its long term liabilities ($6.7B).
Debt to Equity History and Analysis
Debt Level: PGR's net debt to equity ratio (32.7%) is considered satisfactory.
Reducing Debt: PGR's debt to equity ratio has increased from 34.5% to 37.4% over the past 5 years.
Debt Coverage: PGR's debt is well covered by operating cash flow (119.8%).
Interest Coverage: PGR's interest payments on its debt are well covered by EBIT (13.6x coverage).
Balance Sheet
Discover healthy companies
Dividend
What is Progressive current dividend yield, its reliability and sustainability?
Dividend Score
4/6Dividend Score 4/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
1.60%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: PGR's dividend (1.6%) is higher than the bottom 25% of dividend payers in the US market (1.6%).
High Dividend: PGR's dividend (1.6%) is low compared to the top 25% of dividend payers in the US market (4.25%).
Stability and Growth of Payments
Stable Dividend: PGR's dividend payments have been volatile in the past 10 years.
Growing Dividend: PGR's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (51.5%), PGR's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (15.1%), PGR's dividend payments are well covered by cash flows.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
6.0yrs
Average management tenure
CEO
Tricia Griffith (58 yo)
6yrs
Tenure
US$14,462,961
Compensation
Ms. Tricia Griffith has been the Chief Executive Officer and President of Progressive Corp. since July 1, 2016. Ms. Griffith serves as Director at Federal Express Corporation since August 2018. Ms. Griffit...
CEO Compensation Analysis
Compensation vs Market: Tricia's total compensation ($USD14.46M) is about average for companies of similar size in the US market ($USD13.34M).
Compensation vs Earnings: Tricia's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: PGR's management team is seasoned and experienced (6 years average tenure).
Board Members
Experienced Board: PGR's board of directors are considered experienced (6.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
The Progressive Corporation's employee growth, exchange listings and data sources
Key Information
- Name: The Progressive Corporation
- Ticker: PGR
- Exchange: NYSE
- Founded: 1937
- Industry: Property and Casualty Insurance
- Sector: Insurance
- Implied Market Cap: US$69.296b
- Shares outstanding: 584.88m
- Website: https://www.progressive.com
Number of Employees
Location
- The Progressive Corporation
- 6300 Wilson Mills Road
- Mayfield
- Ohio
- 44143
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/07/03 00:00 |
| End of Day Share Price | 2022/07/01 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.