Company Quick10K Filing
Progressive
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 587 $47,163
10-Q 2019-11-06 Quarter: 2019-09-30
10-Q 2019-08-07 Quarter: 2019-06-30
10-Q 2019-05-01 Quarter: 2019-03-31
10-K 2019-02-27 Annual: 2018-12-31
10-Q 2018-10-31 Quarter: 2018-09-30
10-Q 2018-07-31 Quarter: 2018-06-30
10-Q 2018-05-02 Quarter: 2018-03-31
10-K 2018-02-27 Annual: 2017-12-31
10-Q 2017-11-02 Quarter: 2017-09-30
10-Q 2017-08-02 Quarter: 2017-06-30
10-Q 2017-05-03 Quarter: 2017-03-31
10-K 2017-03-01 Annual: 2016-12-31
10-Q 2016-11-03 Quarter: 2016-09-30
10-Q 2016-08-03 Quarter: 2016-06-30
10-Q 2016-05-05 Quarter: 2016-03-31
10-K 2016-02-29 Annual: 2015-12-31
10-Q 2015-11-05 Quarter: 2015-09-30
10-Q 2015-08-05 Quarter: 2015-06-30
10-Q 2015-05-11 Quarter: 2015-03-31
10-K 2015-03-02 Annual: 2014-12-31
10-Q 2014-10-29 Quarter: 2014-09-30
10-Q 2014-07-30 Quarter: 2014-06-30
10-Q 2014-05-12 Quarter: 2014-03-31
10-K 2014-02-26 Annual: 2013-12-31
10-Q 2013-11-12 Quarter: 2013-09-30
10-Q 2013-08-06 Quarter: 2013-06-30
10-Q 2013-05-02 Quarter: 2013-03-31
10-K 2013-02-26 Annual: 2012-12-31
10-Q 2012-11-01 Quarter: 2012-09-30
10-Q 2012-08-02 Quarter: 2012-06-30
10-Q 2012-05-07 Quarter: 2012-03-31
10-K 2012-02-28 Annual: 2011-12-31
10-Q 2011-11-07 Quarter: 2011-09-30
10-Q 2011-08-09 Quarter: 2011-06-30
10-Q 2011-05-09 Quarter: 2011-03-31
10-K 2011-03-01 Annual: 2010-12-31
10-Q 2010-08-05 Quarter: 2010-06-30
10-Q 2010-05-10 Quarter: 2010-03-31
10-K 2010-03-01 Annual: 2009-12-31
8-K 2019-12-11 Officers, Regulation FD, Exhibits
8-K 2019-11-13 Regulation FD, Exhibits
8-K 2019-09-13 Regulation FD, Exhibits
8-K 2019-08-14 Regulation FD, Exhibits
8-K 2019-07-17 Earnings, Exhibits
8-K 2019-06-12 Regulation FD, Exhibits
8-K 2019-05-15 Shareholder Vote, Regulation FD, Exhibits
8-K 2019-04-16 Earnings, Exhibits
8-K 2019-03-21 Amend Bylaw, Exhibits
8-K 2019-03-13 Regulation FD, Exhibits
8-K 2019-02-13 Regulation FD, Exhibits
8-K 2019-01-23 Earnings, Exhibits
8-K 2018-12-12 Officers, Regulation FD, Exhibits
8-K 2018-11-14 Regulation FD, Exhibits
8-K 2018-10-18 Other Events, Exhibits
8-K 2018-10-16 Earnings, Exhibits
8-K 2018-09-13 Regulation FD, Exhibits
8-K 2018-08-20 Officers, Exhibits
8-K 2018-08-15 Regulation FD, Exhibits
8-K 2018-07-17 Earnings, Exhibits
8-K 2018-06-13 Regulation FD, Exhibits
8-K 2018-05-16 Regulation FD, Exhibits
8-K 2018-05-11 Shareholder Vote
8-K 2018-04-17 Earnings, Regulation FD, Exhibits
8-K 2018-03-21 Officers, Exhibits
8-K 2018-03-14 Regulation FD, Exhibits
8-K 2018-03-09 Shareholder Rights, Amend Bylaw, Other Events, Exhibits
8-K 2018-02-14 Regulation FD, Exhibits
8-K 2018-02-07 Officers, Exhibits
8-K 2018-01-24 Earnings, Exhibits

Progressive Financials

PGR Metrics, Comps, Filings

Annual | Quarterly

Business

The Progressive insurance organization began business in 1937. The Progressive Corporation, an insurance holding company formed in 1965, currently has insurance and non-insurance subsidiaries and affiliates. Our insurance subsidiaries and affiliates provide personal and commercial auto insurance, residential property insurance, and other specialty property-casualty insurance and related services. Our vehicle insurance products protect our customers against losses due to physical damage to their motor vehicles, uninsured and underinsured bodily injury, and liability to others for personal injury or property damage arising out of the use of those vehicles. Our residential property insurance products protect our customers against losses due to damages to their structure or possessions within the structure, as well as liability for accidents occurring in the structure or on the property. Our non-insurance subsidiaries and affiliates generally support our insurance and investment operations. We operate our vehicle businesses throughout the United States and our Property business in most U.S. jurisdictions.

Our operations are run by our executive team, which consists of our Chief Executive Officer and the heads of our major business areas that report to the CEO, including a Chief Financial Officer, Chief Investment Officer, Chief Legal Officer, Chief Information Officer, Chief Human Resource Officer, Chief Marketing Officer, and Chief Strategy Officer, along with the Presidents of Personal Lines, Commercial Lines, Claims, and Customer Relationship Management. Our Property business is headed by a Property General Manager, who reports to our Chief Financial Officer.

Our insurance and claims organizations are generally managed on a state-by-state basis due to the nature of insurance, legal and regulatory requirements, and other local factors, and are supplemented by national operations and supported by our corporate functions. State-specific organizations typically report to a regional general manager, who then reports to the applicable group president. In California, we operate separate agency auto organizations with their own management.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Chubb (CB) 67,822 0% 15.5 2% 187,607 120,714 32,779 0 4,015 5,141 79,470
Progressive (PGR) 47,163 0% 10.8 6% 51,324 37,773 35,282 0 3,257 4,838 52,026
American International Group (AIG) 46,424 0% 12.8 1% 522,269 456,164 50,033 0 3,073 6,197 79,530
Travelers Companies (TRV) 39,287 0% 8.3 3% 108,572 83,251 31,024 0 2,770 4,665 38,871
Cincinnati Financial (CINF) 20,829 0% 13.6 5% 24,337 15,206 6,697 0 1,224 1,534 20,873
Everest RE (RE) 17,529 0% 26.3 2% 26,388 17,504 7,718 0 515 641 16,868
Loew's (L) 16,620 48% 16.4 1% 82,277 59,883 14,275 6,857 885 1,686 27,636
Markel (MKL) 15,008 0% 10.9 2% 36,422 25,857 8,190 0 742 1,133 12,367
Arch Capital Group (ACGL) 14,870 0% 9.9 4% 34,852 23,032 6,258 0 1,367 1,641 16,277
CNA Financial (CNA) 12,628 0% 11.9 1% 59,963 47,876 10,330 0 872 1,259 15,035
WR Berkley (WRB) 12,560 0% 9.4 3% 26,488 20,468 7,850 0 696 1,198 11,302
Hartford Financial Services Group (HGH) 10,376 0% 6.4 2% 69,472 54,180 19,507 0 1,630 2,220 14,143
Alleghany (Y) 9,871 0% 16.0 1% 26,356 17,495 7,984 0 330 674 10,761
American Financial Group (AFG) 9,191 0% 8.7 1% 67,697 61,607 7,682 0 714 952 8,260
Old Republic (ORI) 6,689 0% 6.6 4% 20,988 15,094 6,574 0 746 992 6,589
Renaissancere Holdings (RNR) 6,298 0% 10.3 2% 24,560 16,896 2,464 0 579 631 6,471
Hanover Insurance Group (THG) 5,247 0% 10.7 4% 12,160 9,219 4,688 0 442 533 5,720
Kemper (KMPR) 5,145 0% 8.6 3% 12,616 8,933 4,802 0 376 690 5,914
Axis Capital Holdings (AXS) 5,046 0% 16.4 1% 25,870 20,304 3,877 0 152 241 3,952
MGIC Investment (MTG) 5,036 0% 6.4 11% 6,056 2,020 1,160 0 659 880 5,643

Balance Sheet ($MM)2009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash161159156000015106
Accounts Receivable
Inventory
PP&E9619339119349619611,0371,1771,1201,132
Assets20,0498,40421,8458,3999,0959,71711,01912,08638,70146,575
Accounts Payable
Long-Term Debt2,1771,9582,6652,3941,8772,1832,7293,0213,6444,450
Liabilities14,3012,3552,82916,6882,9062,7893,2653,64528,91335,539
Stockholders' Equity5,7496,0495,8076,0076,1906,9297,2897,9579,28510,822
Income Statement ($MM)2009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue14,5641,15615,50817,0841,2381,3561,3561,12426,83931,979
Cost of Revenue
Gross Profit
R&D
SG&A
Tax499-6052-58497515625450541543
Net Income1,0581,0681,0169021,1651,2811,3001,0571,5982,621
Cash Flow ($MM)2009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating1,4871,0777396669909047412583,7576,285
Cash Investing-1,179-486-745-265-343-50-521-33-3,407-7,332
Cash Financing-152-1,195-751-1,404-647-854-220-225-301847