Progressive Corp
NYSE:PGR

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Progressive Corp
NYSE:PGR
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Price: 268.02 USD 0.8% Market Closed
Market Cap: 157B USD
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Progressive Corp
Deferred Policy Acquisition Cost

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
Quarterly
Annual
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Progressive Corp
Deferred Policy Acquisition Cost Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Deferred Policy Acquisition Cost CAGR 3Y CAGR 5Y CAGR 10Y
Progressive Corp
NYSE:PGR
Deferred Policy Acquisition Cost
$2B
CAGR 3-Years
12%
CAGR 5-Years
13%
CAGR 10-Years
15%
Travelers Companies Inc
NYSE:TRV
Deferred Policy Acquisition Cost
$3.6B
CAGR 3-Years
12%
CAGR 5-Years
9%
CAGR 10-Years
7%
Allstate Corp
NYSE:ALL
Deferred Policy Acquisition Cost
$5.8B
CAGR 3-Years
8%
CAGR 5-Years
4%
CAGR 10-Years
5%
Cincinnati Financial Corp
NASDAQ:CINF
Deferred Policy Acquisition Cost
$1.2B
CAGR 3-Years
11%
CAGR 5-Years
10%
CAGR 10-Years
8%
Erie Indemnity Co
NASDAQ:ERIE
Deferred Policy Acquisition Cost
N/A
CAGR 3-Years
N/A
CAGR 5-Years
N/A
CAGR 10-Years
N/A
W R Berkley Corp
NYSE:WRB
Deferred Policy Acquisition Cost
$958m
CAGR 3-Years
13%
CAGR 5-Years
13%
CAGR 10-Years
7%
No Stocks Found

Progressive Corp
Glance View

Market Cap
157B USD
Industry
Insurance
Economic Moat
Wide

Progressive Corp. is a powerhouse in the American insurance industry, renowned for redefining the way consumers interact with auto insurance. Founded in 1937, the company has grown to become the third-largest auto insurer in the United States, serving millions of customers with a dynamic mix of insurance products, including home, renters, and commercial insurance. Progressive has carved a niche by leveraging technology and data analytics, offering innovative solutions such as its popular "Name Your Price" tool that empowers customers to find coverage options that fit their budgets. The company’s commitment to transparency and customer satisfaction has not only enhanced its brand reputation but has also driven substantial growth, allowing it to capture significant market share even amidst fierce competition. For investors, Progressive presents a compelling opportunity rooted in its strong financial fundamentals and strategic focus on innovation. With consistent increases in premium revenues and a robust investment portfolio, the company showcases its ability to generate solid returns while mitigating risks inherent in the insurance sector. Its disciplined underwriting practices and commitment to cost efficiency have enabled Progressive to maintain a competitive combined ratio—a critical measure that indicates profitability in insurance underwriting. Coupled with its strong track record of reinvestment into technology and customer service, Progressive is well-positioned to adapt to changing market dynamics and capitalize on emerging trends in the insurance landscape, making it an attractive option for those looking to invest in a forward-thinking, resilient company.

PGR Intrinsic Value
282.8 USD
Undervaluation 5%
Intrinsic Value
Price

See Also

What is Progressive Corp's Deferred Policy Acquisition Cost?
Deferred Policy Acquisition Cost
2B USD

Based on the financial report for Sep 30, 2024, Progressive Corp's Deferred Policy Acquisition Cost amounts to 2B USD.

What is Progressive Corp's Deferred Policy Acquisition Cost growth rate?
Deferred Policy Acquisition Cost CAGR 10Y
15%

Over the last year, the Deferred Policy Acquisition Cost growth was 17%. The average annual Deferred Policy Acquisition Cost growth rates for Progressive Corp have been 12% over the past three years , 13% over the past five years , and 15% over the past ten years .

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