Back to top
more

The Progressive (PGR)

(Delayed Data from NYSE)

$214.69 USD

214.69
4,188,954

+4.94 (2.36%)

Updated Apr 19, 2024 04:00 PM ET

After-Market: $214.70 +0.01 (0.00%) 5:24 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.15%
2Buy18.00%
3Hold9.44%
4Sell5.10%
5Strong Sell2.53%
S&P50011.08%

Zacks Rank Education - Learn about the Zacks Rank

Zacks Rank Home - Zacks Rank resources in one place

Zacks Premium - The only way to fully access the Zacks Rank

1-Strong Buy of 5 1        

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

Zacks Style Scores Education - Learn more about the Zacks Style Scores

D Value C Growth A Momentum C VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

Zacks Rank Education -- Learn more about the Zacks Rank
Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Top 22% (56 out of 250)

Industry: Insurance - Property and Casualty

Zacks Premium FeatureView All Zacks #1 Ranked Stocks

Better trading starts here.

Balance Sheet

Research for PGR

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

Learn more about Zacks Equity Research reports

See more Zacks Equity Research reports

   

Fiscal Year End for The Progressive Corporation falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 1,890 3,083 1,145 5,295 2,026
Receivables 17,490 16,532 14,562 12,356 11,068
Notes Receivable 0 0 0 0 0
Inventories 0 0 0 0 0
Other Current Assets 0 0 0 0 0
Total Current Assets 19,380 19,614 15,706 17,651 13,094
Net Property & Equipment 881 1,034 1,137 1,106 1,214
Investments & Advances 64,209 50,687 50,572 42,312 37,456
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 2,623 2,676 1,356 1,237 1,057
Intangibles 0 314 570 624 681
Deposits & Other Assets 1,598 1,140 1,792 1,168 1,395
Total Assets 88,691 75,465 71,132 64,098 54,895
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 61,525 53,186 47,849 41,354 36,457
Current Portion Long-Term Debt 0 0 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 0 0 0 0 0
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 0 0 0 0 0
Total Current Liabilities 61,525 53,186 47,849 41,354 36,457
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 153 310 133
Convertible Debt 0 0 0 0 0
Long-Term Debt 6,889 6,388 4,899 5,396 4,407
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 0 0 0 0 0
Minority Interest (Liabilities) 0 0 0 0 226
Total Liabilities 68,414 59,574 52,901 47,060 41,222
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 494 494 494 494 494
Common Stock (Par) 585 585 584 585 585
Capital Surplus 2,013 1,893 1,773 1,673 1,573
Retained Earnings 18,801 15,721 15,340 13,355 10,680
Other Equity -1,616 -2,802 41 932 342
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 20,277 15,891 18,232 17,039 13,673
Total Liabilities & Shareholder's Equity 88,691 75,465 71,132 64,098 54,895
Total Common Equity 19,783 15,397 17,738 16,545 13,179
Shares Outstanding 585.04 585.07 585.00 585.60 584.60
Book Value Per Share 33.82 26.32 30.32 28.25 22.54

Fiscal Year End for The Progressive Corporation falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents 1,327 1,890 1,934 1,674 2,813
Receivables 19,196 17,490 18,117 18,144 18,327
Notes Receivable NA 0 0 0 0
Inventories NA 0 0 0 0
Other Current Assets NA 0 0 0 0
Total Current Assets 20,523 19,380 20,051 19,818 21,140
Net Property & Equipment NA 881 920 989 949
Investments & Advances 67,711 64,209 60,075 57,771 54,162
Other Non-Current Assets NA 0 0 0 0
Deferred Charges 1,818 2,623 3,089 2,884 2,684
Intangibles NA 0 303 306 309
Deposits & Other Assets 4,076 1,598 1,215 1,177 1,163
Total Assets 94,128 88,691 85,653 82,945 80,407
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 0 0 0 0
Accounts Payable 57,738 61,525 61,370 59,347 57,149
Current Portion Long-Term Debt NA 0 0 0 0
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 0 0 0 0
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 0 0 0 0
Total Current Liabilities 57,738 61,525 61,370 59,347 57,149
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 0 0 0 0
Convertible Debt NA 0 0 0 0
Long-Term Debt 6,890 6,889 6,888 6,887 6,389
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities 7,689 0 0 0
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities 72,317 68,414 68,257 66,234 63,539
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 494 494 494 494
Common Stock (Par) NA 585 585 585 585
Capital Surplus NA 2,013 1,978 1,936 1,908
Retained Earnings NA 18,801 17,381 16,350 16,080
Other Equity NA -1,616 -3,042 -2,654 -2,199
Treasury Stock NA 0 0 0 0
Total Shareholder's Equity 21,811 20,277 17,395 16,711 16,868
Total Liabilities & Shareholder's Equity 94,128 88,691 85,653 82,945 80,407
Total Common Equity 121,810 19,783 16,901 16,217 16,375
Shares Outstanding 585.70 585.04 585.00 585.30 585.30
Book Value Per Share 207.97 33.82 28.89 27.71 27.98