Progressive Corp
NYSE:PGR

Watchlist Manager
Progressive Corp Logo
Progressive Corp
NYSE:PGR
Watchlist
Price: 243.24 USD 0.72%
Market Cap: 142.5B USD
Have any thoughts about
Progressive Corp?
Write Note

Progressive Corp
Net Income (Common)

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

Progressive Corp
Net Income (Common) Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Net Income (Common) CAGR 3Y CAGR 5Y CAGR 10Y
Progressive Corp
NYSE:PGR
Net Income (Common)
$8.1B
CAGR 3-Years
26%
CAGR 5-Years
21%
CAGR 10-Years
21%
Travelers Companies Inc
NYSE:TRV
Net Income (Common)
$4.5B
CAGR 3-Years
8%
CAGR 5-Years
14%
CAGR 10-Years
2%
Allstate Corp
NYSE:ALL
Net Income (Common)
$4.1B
CAGR 3-Years
8%
CAGR 5-Years
11%
CAGR 10-Years
4%
Markel Corp
NYSE:MKL
Net Income (Common)
$2.8B
CAGR 3-Years
6%
CAGR 5-Years
40%
CAGR 10-Years
25%
Cincinnati Financial Corp
NASDAQ:CINF
Net Income (Common)
$3.1B
CAGR 3-Years
7%
CAGR 5-Years
27%
CAGR 10-Years
20%
W R Berkley Corp
NYSE:WRB
Net Income (Common)
$1.6B
CAGR 3-Years
15%
CAGR 5-Years
18%
CAGR 10-Years
9%
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
274.48 USD
Undervaluation 11%
Intrinsic Value
Price

See Also

What is Progressive Corp's Net Income (Common)?
Net Income (Common)
8.1B USD

Based on the financial report for Sep 30, 2024, Progressive Corp's Net Income (Common) amounts to 8.1B USD.

What is Progressive Corp's Net Income (Common) growth rate?
Net Income (Common) CAGR 10Y
21%

Over the last year, the Net Income (Common) growth was 199%. The average annual Net Income (Common) growth rates for Progressive Corp have been 26% over the past three years , 21% over the past five years , and 21% over the past ten years .

Back to Top