Progressive Corp
NYSE:PGR

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Progressive Corp
NYSE:PGR
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Price: 243.24 USD 0.93% Market Closed
Market Cap: 142.5B USD
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Progressive Corp
Change in Working Capital

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
Quarterly
Annual
TTM
|

Progressive Corp
Change in Working Capital Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Change in Working Capital CAGR 3Y CAGR 5Y CAGR 10Y
Progressive Corp
NYSE:PGR
Change in Working Capital
$6B
CAGR 3-Years
12%
CAGR 5-Years
18%
CAGR 10-Years
33%
Travelers Companies Inc
NYSE:TRV
Change in Working Capital
-$2.6B
CAGR 3-Years
-31%
CAGR 5-Years
1%
CAGR 10-Years
4%
Allstate Corp
NYSE:ALL
Change in Working Capital
$3.6B
CAGR 3-Years
N/A
CAGR 5-Years
25%
CAGR 10-Years
45%
Markel Corp
NYSE:MKL
Change in Working Capital
-$157.5m
CAGR 3-Years
21%
CAGR 5-Years
N/A
CAGR 10-Years
N/A
Cincinnati Financial Corp
NASDAQ:CINF
Change in Working Capital
-$1.1B
CAGR 3-Years
3%
CAGR 5-Years
N/A
CAGR 10-Years
N/A
W R Berkley Corp
NYSE:WRB
Change in Working Capital
$2.2B
CAGR 3-Years
28%
CAGR 5-Years
48%
CAGR 10-Years
44%
No Stocks Found

Progressive Corp
Glance View

Market Cap
142.5B USD
Industry
Insurance
Economic Moat
Wide

Progressive Corp., founded in 1937, has crafted a compelling narrative in the insurance industry by blending innovative business strategies with a customer-centric approach. Rooted in its reputation as a formidable player in auto insurance, Progressive has diversified its portfolio over the years, extending its reach into commercial auto, home insurance, and other coverage lines. The company's pioneering spirit is reflected in its early adoption of direct sales via the internet and phone, revolutionizing how insurance is bought and sold. Progressive's use of data analytics and technology has enabled it to price risk more accurately and offer competitive rates, fundamentally reshaping its value proposition to customers. The company's marketing efforts are equally notable, with memorable advertising campaigns spearheaded by the instantly recognizable character Flo, which have helped cement the brand in the public's consciousness. Financially, Progressive thrives on a model that marries underwriting proficiency with robust investment income. The core of their profitability lies in discerning risk selection and policy pricing, supported by their sophisticated use of big data and telemetry through programs like Snapshot, which personalizes insurance premiums based on individual driving habits. Beyond underwriting, Progressive bolsters its revenue stream with substantial returns from its investment portfolio, allocated across various asset classes to maximize returns within an acceptable risk framework. This dual-focus strategy helps to mitigate underwriting losses and provides a buffer in fluctuating market conditions. Progressive’s narrative is one of dynamic adaptation and calculated growth, leveraging a disciplined financial strategy to reinforce its standing as a resilient player in a competitive industry.

PGR Intrinsic Value
273.49 USD
Undervaluation 11%
Intrinsic Value
Price

See Also

What is Progressive Corp's Change in Working Capital?
Change in Working Capital
6B USD

Based on the financial report for Sep 30, 2024, Progressive Corp's Change in Working Capital amounts to 6B USD.

What is Progressive Corp's Change in Working Capital growth rate?
Change in Working Capital CAGR 10Y
33%

Over the last year, the Change in Working Capital growth was 1%. The average annual Change in Working Capital growth rates for Progressive Corp have been 12% over the past three years , 18% over the past five years , and 33% over the past ten years .

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