About Progressive Corporation (The)
The Progressive Corporation operates as an insurance company in the United States. It writes insurance for personal autos and special lines products, including motorcycles, RVs, and watercraft; and personal residential property insurance for homeowners and renters. The company also writes auto-related liability and physical damage insurance for comprising dump trucks, log trucks, garbage trucks, tractors, trailers, straight trucks, tow trucks and wreckers, vans, pick-up trucks, and autos; business-related general liability and commercial property insurance for small businesses; and workers' compensation insurance for the transportation industry. In addition, it offers other specialty property-casualty insurance and provides related services; personal property reinsurance products; and involved in investment activities. It sells its products through independent insurance agencies, as well as online and over the phone. The Progressive Corporation was founded in 1937 and is headquartered in Mayfield, Ohio.
Progressive Corporation (The) (PGR) is a Financial Services company in the Insurance - Property & Casualty industry with a market capitalisation of $126.5B. The stock trades at 10.92x trailing earnings and yields 0.18%.
- Sector
- Financial Services
- Industry
- Insurance - Property & Casualty
- Market cap
- $126.5B
- P/E ratio
- 10.92
- Forward P/E
- 13.36
- EPS (TTM)
- $19.93
- Revenue (TTM)
- $91B
- Free cash flow
- $15.1B
- Profit margin
- 12.8%
- Dividend yield
- 0.18%
- Beta
- 0.26
- Shares outstanding
- 581.1M
Financial health: Fair5.8/10
2 strengths, 1 concern. Weakest points: peg ratio.
- Return on equity: 34.9% (Strong, benchmark > 15%) — Earns 34.9% on shareholder equity, comfortably past the > 15% mark.
- Net margin: 12.8% (Strong, benchmark > 10%) — Turns 12.8% of revenue into profit, comfortably past the > 10% mark.
- Revenue growth: 7.3% (Watch, benchmark > 10%) — Revenue changed 7.3% year on year, short of the > 10% mark.
- Earnings growth: 5.0% (Watch, benchmark > 10%) — Earnings changed 5.0% year on year, short of the > 10% mark.
- PEG ratio: 66.73 (Concern, benchmark < 1) — At 66.73, the price looks expensive relative to expected growth — Lynch treated 1.0 as fair value.
- Payout ratio: 69.7% (Watch, benchmark < 60%) — Pays out 69.7% of earnings as dividends — above the level usually considered sustainable.