$36.9 B

PGR Mkt cap, 22-Jan-2019

$8.5 B

Progressive Revenue Q3, 2018
Progressive Gross profit (Q3, 2018)3 B
Progressive Gross profit margin (Q3, 2018), %35%
Progressive Net income (Q3, 2018)930.2 M
Progressive Cash, 30-Sep-2018121.9 M
Progressive EV40.6 B

Progressive Revenue Breakdown

Embed Graph

Progressive revenue breakdown by business segment: 85.3% from Personal Lines, 10.9% from Commercial Lines and 3.8% from Other

Progressive Income Statement

Annual

USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

15.2b15.8b17.1b18.2b19.4b20.9b23.4b26.8b

Revenue growth, %

4%8%6%7%8%12%14%

Cost of goods sold

12.5b13.3b14.3b16.9b18.8b

Gross profit

5.7b6.1b6.5b6.6b8.0b

Gross profit Margin, %

31%31%31%28%30%

Operating expense total

5.7b

Interest expense

118.2m116.9m136.0m140.9m153.1m

Pre tax profit

1.7b1.9b1.9b1.5b2.1b

Income tax expense

496.9m471.5m415.4m554.6m626.4m611.1m413.5m540.8m

Net Income

1.2b1.3b1.3b1.1b1.6b

Quarterly

USDQ1, 2014Q3, 2014Q1, 2015Q1, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

4.7b4.8b4.9b5.6b5.9b6.3b6.6b7.4b8.0b8.5b

Cost of goods sold

4.9b5.4b5.5b

Gross profit

2.6b2.6b3.0b

Gross profit Margin, %

34%33%35%

Operating expense total

4.2b4.3b4.5b5.2b5.7b6.1b1.6b1.7b1.8b

Interest expense

26.7m30.7m32.5m34.2m36.8m43.4m36.8m41.7m42.0m

Pre tax profit

481.8m441.8m443.2m387.4m641.5m554.6m910.8m880.1m1.1b

Income tax expense

160.5m145.7m147.6m128.7m53.0m211.2m181.9m181.0m178.9m200.3m

Net Income

321.3m296.1m295.6m258.7m430.3m372.7m729.8m701.2m930.2m

Progressive Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

75.1m108.4m224.4m211.5m275.3m

Inventories

PP&E

1.1b

Goodwill

447.6m449.4m452.7m

Total Assets

24.4b25.8b29.8b33.4b38.7b

Accounts Payable

33.0m2.8b

Dividends Payable

890.2m404.1m519.2m395.4m655.1m

Short-term debt

Long-term debt

3.3b

Total Debt

3.3b

Total Liabilities

25.0b28.9b

Common Stock

581.7m

Additional Paid-in Capital

1.1b1.2b1.2b1.3b1.4b

Retained Earnings

3.5b4.1b4.7b5.1b6.0b

Total Equity

6.2b6.9b7.3b8.0b9.3b

Debt to Equity Ratio

0.4 x

Debt to Assets Ratio

0.1 x

Financial Leverage

3.9 x3.7 x4.1 x4.2 x4.2 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

126.1m101.5m209.9m134.7m143.4m161.0m190.1m154.8m121.9m

Inventories

24.3b

PP&E

1.1b1.1b1.1b

Goodwill

447.6m449.4m449.4m452.7m452.7m452.7m

Total Assets

25.5b25.9b26.9b29.9b30.7b32.0b33.6b41.3b43.4b45.5b

Accounts Payable

3.4b3.9b3.9b

Dividends Payable

Long-term debt

3.9b3.9b3.9b

Total Debt

3.9b3.9b3.9b

Total Liabilities

18.7b19.7b21.5b22.7b23.7b25.1b29.1b30.5b32.1b33.5b

Common Stock

582.4m582.5m583.1m

Preferred Stock

493.9m493.9m493.9m

Additional Paid-in Capital

1.1b1.2b1.2b1.2b1.2b1.2b1.3b1.3b1.4b1.4b1.4b1.4b

Retained Earnings

4.0b4.4b4.9b5.0b5.2b8.0b8.7b9.6b

Total Equity

7.5b7.6b7.8b8.1b10.3b11.0b11.9b

Debt to Equity Ratio

0.4 x0.4 x0.3 x

Debt to Assets Ratio

0.1 x0.1 x0.1 x

Financial Leverage

4 x4.1 x4.1 x4.2 x4 x3.9 x3.8 x

Progressive Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

1.2b1.3b1.3b1.1b1.6b

Depreciation and Amortization

137.4m236.1m

Accounts Payable

400.0m

Cash From Operating Activities

1.9b1.7b2.3b2.7b3.8b

Purchases of PP&E

(140.4m)(108.1m)(130.7m)(215.0m)(155.7m)

Cash From Investing Activities

(1.4b)(836.9m)(1.9b)(2.5b)(3.4b)

Long-term Borrowings

(49.0m)

Dividends Paid

(175.6m)(892.6m)(403.6m)(519.0m)(395.4m)

Cash From Financing Activities

(646.8m)(855.4m)(252.8m)(250.4m)300.9m

Net Change in Cash

48.9m

Income Taxes Paid

57.8m97.5m(107.2m)(55.7m)

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

614.7m910.8m295.6m803.0m729.8m1.4b2.4b

Depreciation and Amortization

46.7m71.8m23.8m76.1m41.0m115.0m58.9m122.6m187.8m

Accounts Payable

283.2m700.4m1.0b

Cash From Operating Activities

1.7b1.0b1.7b771.1m1.4b2.2b1.7b3.5b5.2b

Purchases of PP&E

(44.7m)(73.6m)(22.2m)(86.6m)(35.0m)(35.8m)(102.0m)(164.8m)

Cash From Investing Activities

337.0m(314.2m)(824.6m)(696.4m)(1.9b)2.2b(4.0b)(5.7b)

Long-term Borrowings

13.6m(37.1m)(37.1m)(37.1m)

Dividends Paid

(892.6m)(892.6m)(403.6m)(403.6m)(519.0m)(519.0m)(519.0m)(654.9m)(654.9m)(668.4m)

Cash From Financing Activities

(677.2m)(818.7m)(81.2m)(213.5m)354.8m355.3m302.5m

Net Change in Cash

(78.7m)(117.6m)(152.6m)

Income Taxes Paid

53.6m82.1m80.6m(92.1m)

Progressive Ratios

USDY, 2018

EV/CFO

7.8 x

Debt/Equity

0.3 x

Debt/Assets

0.1 x

Financial Leverage

3.8 x
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Progressive Operating Metrics

FY, 2017Q1, 2018Q2, 2018Q3, 2018

Investments Portfolio

$27.30 b$29.25 b$30.92 b$32.35 b

Service Centers (US)

68
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Progressive Employee Rating

3.82282 votes
Culture & Values
4.0
Work/Life Balance
3.4
Senior Management
3.5
Salary & Benefits
4.0
Career Opportunities
3.7
Source