Progressive Insurance market cap is $55.2 b, and annual revenue was $39.02 b in FY 2019

Progressive Insurance Net income (Q3, 2020)1.5 B

Progressive Insurance Cash, 30-Sept-202090.1 M

Progressive Insurance revenue was $39.02 b in FY, 2019 which is a 22% year over year increase from the previous period.

Progressive Insurance revenue breakdown by business segment: 83.5% from Personal Lines, 12.2% from Commercial Lines and 4.3% from Other

USD | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|

## Revenue | 23.4b | 26.8b | 32.0b | 39.0b |

| 12% | 14% | 19% | 22% |

## Cost of goods sold | 16.9b | 18.8b | 21.7b | 25.5b |

## Gross profit | 6.6b | 8.0b | 10.3b | 13.6b |

| 28% | 30% | 32% | 35% |

## Operating expense total | 5.0b | 5.7b | 6.9b | 8.2b |

## Interest expense | 140.9m | 15.1m | 166.5m | 189.7m |

## Pre tax profit | 1.5b | 2.1b | 3.2b | 5.2b |

## Income tax expense | 413.5m | 540.8m | 542.6m | 1.2b |

## Net Income | 1.1b | 1.6b | 2.6b | 4.0b |

## EPS | 1.8 | 2.7 | 4.4 | 6.7 |

USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
---|---|---|---|---|---|---|---|---|---|---|---|---|

## Revenue | 6.3b | 6.6b | 6.8b | 7430.1t | 8018.0t | 8495.8t | 9.3b | 9.5b | 9.5b | 9.3b | 11.0b | 10.9b |

## Cost of goods sold | 4.3b | 4.6b | 5.1b | 4870.8t | 5375.3t | 5523.1t | 5.8b | 6.1b | 6.4b | 6.2b | 5.3b | |

## Gross profit | 2.1b | 2.0b | 1.7b | 2559.3t | 2642.7t | 2972.7t | 3.5b | 3.3b | 3.1b | 3.2b | 5.7b | |

| 33% | 30% | 26% | 34% | 33% | 35% | 38% | 35% | 33% | 34% | 51% | |

## Operating expense total | 1.4b | 1.4b | 1.5b | 2559.3t | 1762.6t | 1842.2t | 1.9b | 2.0b | 2.1b | 2.2b | 3.3b | |

## Interest expense | 36.8m | 43.4m | 37.4m | 36.8t | 41.7t | 42.0t | 47.4m | 47.4m | 47.5m | 48.0m | 56.4m | 56.4m |

## Pre tax profit | 641.5m | 554.6m | 251.4m | 910.8t | 880.1t | 1130.5t | 1.6b | 1.2b | 1.0b | 874.7m | 2.3b | 1.9b |

## Income tax expense | 211.2m | 181.9m | 36.6m | 181.0t | 178.9t | 200.3t | 484.7m | 264.6m | 166.7m | 175.6m | 478.4m | 392.7m |

## Net Income | 430.3m | 372.7m | 214.8m | 729.8t | 701.2t | 930.2t | 1.1b | 979.0m | 843.6m | 699.1m | 1.8b | 1.5b |

## EPS | 0.7 | 0.6 | 0.4 | 1.2 | 1.2 | 1.6 | 1.8 | 1.7 | 1.4 | 1.2 | 3.0 |

USD | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|

## Cash | 211.5m | 265.0m | 69.5m | 226.2m |

## Accounts Receivable | 4.5b | 5.4b | 6.5b | 7.5b |

## PP&E | 1.2b | 1.1b | 1.1b | 1.2b |

## Goodwill | 449.4m | 452.7m | 452.7m | 452.7m |

## Total Assets | 33.4b | 38.7b | 46.6b | 54.9b |

## Accounts Payable | 2.5b | 2.8b | 5.0b | 6.0b |

## Dividends Payable | 395.4m | 655.1m | 1.5b | 1.4b |

## Long-term debt | 3.1b | 3.3b | 4.4b | 4.4b |

## Total Debt | 3.1b | 3.3b | 4.4b | 4.4b |

## Total Liabilities | 25.0b | 28.9b | 35.5b | 41.0b |

## Common Stock | 579.9m | 581.7m | 583.2m | 584.6m |

## Preferred Stock | 493.9m | 493.9m | ||

## Additional Paid-in Capital | 1.3b | 1.4b | 1.5b | 1.6b |

## Retained Earnings | 5.1b | 6.0b | 8.4b | 10.7b |

## Total Equity | 8.0b | 9.3b | 10.8b | 13.7b |

## Debt to Equity Ratio | 0.4 x | 0.4 x | 0.4 x | 0.3 x |

## Debt to Assets Ratio | 0.1 x | 0.1 x | 0.1 x | 0.1 x |

## Financial Leverage | 4.2 x | 4.2 x | 4.3 x | 4 x |

USD | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|

## Net Income | 1.1b | 1.6b | 2.6b | 4.0b |

## Depreciation and Amortization | 199.5m | 236.1m | 262.4m | 306.1m |

## Accounts Receivable | (518.5m) | (913.2m) | (1.1b) | (1.0b) |

## Accounts Payable | 308.9m | 400.0m | 746.6m | 611.6m |

## Cash From Operating Activities | 2.7b | 3.8b | 6.3b | 6.3b |

## Purchases of PP&E | (215.0m) | (155.7m) | (266.0m) | (363.5m) |

## Cash From Investing Activities | (2.5b) | (3.4b) | (7.3b) | (4.3b) |

## Long-term Borrowings | (25.5m) | (49.0m) | (37.1m) | |

## Dividends Paid | (519.0m) | (395.4m) | (668.4m) | (1.7b) |

## Cash From Financing Activities | (250.4m) | (300.9m) | 846.7m | (1.8b) |

## Net Change in Cash | (12.6m) | 48.9m | (200.3m) | 152.4m |

## Income Taxes Paid | 55.7m | 172.6m | 158.7m | 227.2m |

USD | FY, 2016 |
---|---|

## Revenue/Employee | 739.0k |

## Debt/Equity | 0.4 x |

## Debt/Assets | 0.1 x |

## Financial Leverage | 4.2 x |

Nov, 2019 | |
---|---|

Hispanic | 10 % |

Black / African American | 17 % |

White, percent | 66 % |

Other | 7 % |

- Source: www.progressive.com

Nov, 2019 | |
---|---|

Male (New Hires), percent | 39 % |

Female (New Hires), percent | 61 % |

- Source: www.progressive.com