Revenue segments as reported by the company.

Net premiums earned 

Investment income

Net realized gains (losses) on securities

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Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Losses and loss adjustment expenses

Policy acquisition costs

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Progressive

Progressive Corp. is an insurance holding company. engages in the provision of personal and commercial auto insurance, residential property insurance, and other specialty property-casualty insurance and related services. It operates through the following segments: Personal Lines, Commercial Lines and Property. The Personal Lines segment includes agency and direct businesses. The Commercial Lines segment writes primary liability and physical damage insurance for automobiles and trucks owned and operated predominately by small business in the auto, for-hire transportation, contractor, for-hire specialty, tow, and for-hire livery markets. The Property segment covers residential property insurance for homeowners, other property owners, and renters. The company was founded on March 10, 1937, and is headquartered in Mayfield Village, OH.

Earnings data Q1 2021

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Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

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Earnings data Q3 2024

Earnings data Q4 2024

Progressive beats goals with strong growth and telematics advancements

Progressive's strong performance in exceeding goals and growth in policies.
Emphasis on accurate pricing, segmentation, and underwriting for profitability.
Challenges include pandemic impact and balancing telematics integration.
Opportunities lie in deeper telematics integration and multi-product households.

Progressive takes aggressive actions to improve margins and drive growth

Progressive is proactively managing margins through rate increases and cost-saving measures. Despite challenges in meeting targets, the company is confident in its growth trajectory. Opportunities lie in optimizing pricing strategies and leveraging industry-leading segmentation to drive profitability.

Progressive manages challenges, focuses on profitability amid industry changes

Progressive navigated challenges in Q2 2023 with a focus on balancing growth and profitability while maintaining a 96 combined ratio goal.
The company's strong risk management practices and customer-centric pricing strategies position it well for future growth opportunities.
Efficient customer acquisition, detailed loss reserving processes, and strategic underwriting are key to Progressive's performance and future success.

Progressive reports solid Q3 performance amidst competitive challenges and opportunities

Progressive's Q3 performance was positive, driven by premium and profitability enhancements through rate actions and reserve developments.
While facing challenges like declining new apps and competitive rate increases, Progressive's strengths in retention rates and strategic investments position it well for growth.
Opportunities in dynamic rate adjustments, successful BOP rollout, and cautious growth strategies amidst uncertainties highlight Progressive's adaptability and focus on sustainable growth.
The company's focus on stability, organic growth, and strategic investments in telematics underscore its commitment to long-term success and competitiveness.

Progressive (PGR) reports strong growth and profitability amidst competitive market

Progressive's strategic focus on customer needs, market share expansion, and profitability drives its growth trajectory. The company's emphasis on efficient marketing spend, rate adequacy, and digital investments positions it well for continued success.

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Progressive Corp. is an insurance holding company, which engages in the provision of personal and commercial auto insurance, residential property insurance, and other specialty property-casualty insurance and related services. It operates through the following segments: Personal Lines, Commercial Lines, and Property. The Personal Lines segment includes agency and direct businesses. The Commercial Lines segment writes primary liability and physical damage insurance for automobiles and trucks owned and operated predominately by small business in the auto, for-hire transportation, contractor, for-hire specialty, tow, and for-hire livery markets. The Property segment covers residential property insurance for homeowners, other property owners, and renters. The company was founded on March 10, 1937, and is headquartered in Mayfield Village, OH.

A compelling product portfolio, leadership position, strength in both Vehicle and Property businesses, healthy policies in force and retention continue to drive Progressive (PGR).

Progressive (PGR) Stock Up 20% YTD: More Room for Growth?

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Progressive's (PGR) July earnings reflect higher premiums and higher net realized gains on securities.

Progressive's (PGR) July Earnings Up, Premiums Rise Y/Y

MAYFIELD VILLAGE, OHIO, Aug. 17, 2022 (GLOBE NEWSWIRE) --  The Progressive Corporation (NYSE:PGR) today reported the following results for July 2022:

Progressive Reports July 2022 Results

Auto insurers' shares have held up this year despite poor results, as investors figure the companies eventually will realize a double benefit from higher insurance premiums and higher rates.

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MAYFIELD VILLAGE, OHIO, Aug. 08, 2022 (GLOBE NEWSWIRE) -- On August 5, 2022, the Board of Directors of The Progressive Corporation (NYSE:PGR) declared a $0.10 per common share dividend, payable October 14, 2022, to shareholders of record at the close of business on October 7, 2022 (ex-dividend date of October 6, 2022).

Progressive Announces Quarterly Common and Preferred Share Dividends

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Progressive is a growing and profitable insurance operation. While 2022 may not be the most profitable year ever, the company will survive with a 96% combined ratio target.

Progressive: Too Pricey For Uncertain Dividend Yields

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Progressive's (PGR) Q2 earnings reflect improvement in the top line, offset by higher expenses.

Progressive (PGR) Q2 Earnings Meet Estimates, Premiums Rise Y/Y

Progressive (PGR) delivered earnings and revenue surprises of 0% and 1.32%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Progressive (PGR) Meets Q2 Earnings Estimates

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MAYFIELD VILLAGE, OHIO, July 15, 2022 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for June 2022 and the second quarter of 2022:

Progressive Reports June 2022 Results

Year-to-date, Progressive shares have been a bright spot in an otherwise dim market, increasing nearly 16% in value and extensively outperforming the S&P 500.

Progressive Q2 Preview: Can Shares Remain Strong?

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Earnings Previews: Bank of New York Mellon, Progressive, State Street

Progressive's (PGR) Q2 earnings are likely to reflect improved rates, solid policies in force and higher retention in its strong Vehicle and Property businesses.

Can Progressive (PGR) Earnings Pull Off a Surprise in Q2?

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Solid policies in force, competitive rates and its leadership position bodes well for Progressive's (PGR) growth.

Why You Should Stay Invested in Progressive (PGR) Stock

The insurer's net income is down 90% from last year. Here's what you need to know.

Progressive's Investments Have Lost $1 Billion: Should Investors Be Concerned?

Progressive (PGR) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Progressive (PGR) Stock Jumps 5.7%: Will It Continue to Soar?

Progressive (PGR) May results reflect higher expenses and net realized loss on securities.

Progressive (PGR) May Earnings Decline, Premiums Rise Y/Y

MAYFIELD VILLAGE, OHIO, June 21, 2022 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for May 2022:

Progressive Reports May 2022 Results

News for Progressive Stock (PGR)