Progressive (PGR) stock price, revenue, and financials

Progressive market cap is $43.7 b, and annual revenue was $39.02 b in FY 2019

$43.7 B

PGR Mkt cap, 22-May-2020

$9.3 B

Progressive Revenue Q1, 2020
Progressive Net income (Q1, 2020)699.1 M
Progressive Cash, 31-Mar-2020369.5 M

Progressive Revenue Breakdown

Embed Graph

Progressive revenue breakdown by business segment: 84.2% from Personal Lines, 11.7% from Commercial Lines and 4.2% from Other

Progressive Income Statement

Annual

USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

23.4b26.8b32.0b39.0b

Revenue growth, %

12%14%19%

Cost of goods sold

16.9b18.8b21.7b

Gross profit

6.6b8.0b10.3b

Gross profit Margin, %

28%30%32%

Operating expense total

5.0b5.7b6.9b

Interest expense

140.9m15.1m166.5m189.7m

Pre tax profit

1.5b2.1b3.2b5.2b

Income tax expense

413.5m540.8m542.6m1.2b

Net Income

1.1b1.6b2.6b4.0b

EPS

1.82.74.4

Progressive Balance Sheet

Annual

USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

211.5m265.0m69.5m226.2m

Accounts Receivable

4.5b5.4b6.5b

PP&E

1.2b1.1b1.1b1.2b

Goodwill

449.4m452.7m452.7m452.7m

Total Assets

33.4b38.7b46.6b54.9b

Accounts Payable

2.5b2.8b5.0b6.0b

Dividends Payable

395.4m655.1m1.5b

Short-term debt

314.0m

Long-term debt

3.1b3.3b4.4b

Total Debt

3.1b3.3b4.4b314.0m

Total Liabilities

25.0b28.9b35.5b41.0b

Common Stock

579.9m581.7m583.2m584.6m

Preferred Stock

493.9m493.9m

Additional Paid-in Capital

1.3b1.4b1.5b1.6b

Retained Earnings

5.1b6.0b8.4b10.7b

Total Equity

8.0b9.3b10.8b13.7b

Debt to Equity Ratio

0.4 x0.4 x0.4 x

Debt to Assets Ratio

0.1 x0.1 x0.1 x

Financial Leverage

4.2 x4.2 x4.3 x4 x

Progressive Cash Flow

Annual

USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

1.1b1.6b2.6b

Depreciation and Amortization

199.5m236.1m262.4m306.1m

Accounts Receivable

(518.5m)(913.2m)(1.1b)

Accounts Payable

308.9m400.0m746.6m611.6m

Cash From Operating Activities

2.7b3.8b6.3b6.3b

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)(1.6b)

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

55.7m172.6m158.7m

Progressive Ratios

USDY, 2020

Financial Leverage

3.9 x

Progressive Operating Metrics

FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019

Investments Portfolio

$23.50 b$27.30 b$33.60 b

Service Centers (US)

68 68

Agencies

35 k35 k35 k

Facilities Leased (US), square feet

2.10 m2.10 m2.10 m

Facilities Owned (US), square feet

4.90 m4.90 m5.10 m

In-Force Policies (Agency - Auto)

5.05 m5.23 m5.35 m5.52 m5.67 m5.91 m6.11 m6.25 m6.36 m6.61 m6.78 m6.90 m

In-Force Policies (Commercial Lines)

607.90 k607.50 k625.70 k638.60 k646.80 k659 k678.90 k691.90 k696.90 k711.60 k734.20 k748.70 k

In-Force Policies (Direct - Auto)

5.35 m5.57 m5.69 m5.89 m6.04 m6.39 m6.65 m6.88 m7.02 m7.34 m7.53 m7.72 m

In-Force Policies (Property)

1.20 m1.27 m1.31 m1.38 m1.46 m1.65 m1.77 m1.87 m1.94 m2 m2.07 m2.14 m

In-Force Policies (Special Lines)

4.26 m4.26 m4.36 m4.40 m4.37 m4.29 m4.39 m4.42 m4.38 m4.40 m4.51 m4.57 m

Patents Issued

5 11 14

Patents Pending

1 1

Progressive Human Capital

Ethnicity

Nov, 2019
Hispanic 10 %
Black / African American17 %
White, percent66 %
Other7 %

Job Roles

Nov, 2019
Male (New Hires), percent39 %
Female (New Hires), percent61 %

Progressive Employee Rating

3.72667 votes
Culture & Values
4.0
Work/Life Balance
3.3
Senior Management
3.4
Salary & Benefits
4.0
Career Opportunities
3.7
Source