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Progressive Corp  (PGR)
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Progressive Corp

PGR's Financial Statements and Analysis



Progressive Corp reported in the first quarter of 2024 net earnings per share of $3.94 an increase by 425.33 % year on year from $0.75 and an improvement of 17.34 % from $3.36 realized in IV. Quarter (Dec 31 2023).


first quarter of 2024
Earnings Per Share Revenues
$ 3.94 $  17,243 Mill
$+3.19     +425.33 % $+2,939M     +20.55 %



Progressive's Revenue rose by 20.55 % in first quarter of 2024 (Mar 31 2024) year on year, to $17,243 million and advanced by 2.08 % sequentially.


Progressive is

More on PGR's Income Statement



Progressive 's net income of $2,331.400 million in the first quarter of 2024 increased by 420.52 % from net earnings of $447.900 million achieved in I. Quarter a year ago.

Sequentially net earnings grew by 17.29 % from net income of $1,987.800 million realized in previous quarter.

More on PGR's Growth




Progressive Inventories
PGR's Cash flow In the first quarter of 2024 company's net cash flow was $68 million, capital expenditures fell by -43.216.20%, to $-50 millions compare to same quarter a year ago

More on PGR's Cash flow Statement


Progressive Corp payed out dividend of $1.08 per share in last 52 weeks representing 11.07 % of net earning per share in trailing twelve-month period.

During the same period Progressive Corp earned $ 21.16 cash per share, on a free-cash flow basis 216.84 % of net earning per share.

Book value grew by 7.58 % sequentially to $37.14 per share, 86.1% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 37.14 per share from $ 33.68.

Company repurchased 0.06 million shares or 0.01 % in Mar 31 2024.
Interest Coverage Ratio was 27.54. Debt Coverage Ratio was 1.1.

More on PGR's Dividends

 Market Capitalization (Millions) 121,183
 Shares Outstanding (Millions) 587
 Total Debt (Millions $) 6,890
 Revenue (TTM) (Millions $) 65,048
 Net Income (TTM) (Millions $) 5,786
 Cash Flow (TTM) (Millions $) -121
 Capital Exp. (TTM) (Millions $) -259
 Dividend TTM ($) 1.08 $
 Dividend Yield TTM (%) 1.59 %
 Employees (TTM) $ 49,077




Progressive Corp payed out dividend of $1.08 per share in the last 52 weeks representing 11.07 % of net earning per share in trailing twelve-month period.

During the same period Progressive Corp had $ 21.16 cash flow per share, on a free-cash flow basis 216.84 % of net earning per share.

Book value grew by 7.58 % sequentially to $37.14 per share, 86.1% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 37.14 per share from $ 33.68.

Company repurchased 0.06 million shares or 0.01 % in Mar 31 2024.
Interest Coverage Ratio was 27.54. Debt Coverage Ratio was 1.1.

More on PGR's Balance Sheets

 Market Capitalization (Millions) 121,183
 Shares Outstanding (Millions) 587
 Total Debt (Millions $) 6,890
 Revenue (TTM) (Millions $) 65,048
 Net Income (TTM) (Millions $) 5,786
 Cash Flow (TTM) (Millions $) -121
 Capital Exp. (TTM) (Millions $) -259
 Dividend TTM ($) 1.08 $
 Dividend Yield TTM (%) 1.59 %
 Employees (TTM) $ 49,077
   


  News about Progressive Corp Earnings

Progressive Corp Continues to Soar in First Quarter of 2024 with Impressive Financial Performance

Progressive Corp, a leading Property and Casualty Insurance company, has seen significant...

Progressive Corp Reports Impressive Financial Results, Outperforming Industry Averages2.

Progressive Corp is truly on a roll, with impressive financial results and a solid dividend payout for investors. The company's recent fiscal period showed remarkable growth in both earnings per share and revenue, far surpassing industry averages. With a substantial increase in net profits and a significant rise in EPS, it's clear that Progressive Corp's strategic initiatives are paying off.
Despite a slight decrease in operating margin, the company's net margin has improved, showcasing efficient cost management and profitability. With a strong balance sheet and a high level of accounts receivable, Progressive Corp is well-positioned for continued success in the competitive Property and Casualty Insuranc...

Progressive Corp Reports Impressive 845% Increase in Earnings per Share during Latest Fiscal Period

Progressive Corp (PGR) announced impressive financial results in its September 30, 2023 report, with significant growth in both income per share and revenue. Income per share saw a remarkable increase of 845% year on year, reaching $1.89 per share. Additionally, revenue showed a substantial rise of 21.756% to $15.56 billion.
PGR has clearly outperformed its industry peers in the Property and Casualty Insurance sector. While the industry experienced a revenue growth rate of 10% during the same period, PGR's revenue grew by 21.756%. Furthermore, earnings per share also displayed rapid growth, surging by 231.58% from $0.57 per share. This demonstrates PGR's strong business performance compared to its compet...

Progressive Corp Reports Positive Earnings, Revenue Jump with Significant Leap in Q2 2023 Performance

Progressive Corp Reports Positive Income and Impressive Revenue Growth
Progressive Corp, a leading Property and Casualty Insurance company, has recently released its financial results for the time-frame closing June 30, 2023. The company showed positive improvement in several key areas, including income, revenue, and profit margins.
In terms of income, Progressive Corp reported a significant improvement compared to the previous year. The income turned positive at $0.57 per share, compared to a loss of $0.94 per share in the same period a year ago. However, the company experienced a slight decline of 24% from the prior reporting season, where the income stood at $0.75 per share. Despite this decline, ...

Marvelous Top-line surge by the company over the financial time-frame closing Mar 31 2023

Despite Progressive Corp's notable results in the financial time-frame closing Mar 31 2023, there are several concerning factors that could lead to a bearish outlook for the company.
Firstly, while revenue rose by 20.789%, this growth rate is significan...


Date modified: 2024-05-07T14:08:40+00:00





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