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Progressive's Working Capital Ratio
PGR's quarterly Working Capital Ratio and Current Assets, Current Liabilities growth
Regardless of the sequential decrease in Current Liabilities, during the forth quarter 2023, Working Capital Ratio deteriorated to 1 below Progressive's average Working Capital Ratio.
Within Property & Casualty Insurance industry 19 other companies have achieved higher Working Capital Ratio than Progressive in forth quarter 2023. While Working Capital Ratio total ranking has improved so far during the IV Quarter 2023 to 1126, from total ranking in the third quarter 2023 at 3382.
Explain Working Capital Ratio
How much in Current Assets PGRīs has?
What is the value of PGRīs Current Liabilities?
Select the Comparisons :
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Select the Ratio:
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PGR Working Capital Ratio |
(Dec 31 2023) IV. Quarter |
(Sep 30 2023) III. Quarter |
(Jun 30 2023) II. Quarter |
(Mar 31 2023) I. Quarter |
(Dec 31 2022) IV. Quarter |
Y / Y Current Liabilities Change |
26.56 % |
18.52 % |
9.99 % |
-6.13 % |
-7.95 % |
Y / Y Current Assets Change |
-21.68 % |
-33.46 % |
-87.54 % |
-84.03 % |
-82.53 % |
Working Capital Ratio MRQ |
1 |
1.03 |
1.1 |
1.34 |
1.61 |
PGR's Total
Ranking |
# 1126 |
# 3382 |
# 470 |
# 466 |
# 2235 |
Seq. Current Liabilities Change |
-0.41 % |
7.77 % |
3.91 % |
13.48 % |
-6.73 % |
Seq. Current Assets Change |
-3.88 % |
1.04 % |
-14.72 % |
-5.43 % |
-18.34 % |
Working Capital Ratio forth quarter 2023 Company Ranking |
Within: |
No. |
Property & Casualty Insurance Industry |
# 20 |
Financial Sector |
# 141 |
Overall Market |
# 1126 |
Working Capital Ratio Statistics |
High |
Average |
Low |
13.03 |
3.62 |
0.26 |
(Dec 31 2015) |
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(June 30. 2014) |
Cumulative Progressive's Working Capital Ratio
PGR's Working Capital Ratio for the trailling 12 Months
PGR Working Capital Ratio |
(Dec 31 2023) IV. Quarter |
(Sep 30 2023) III. Quarter |
(Jun 30 2023) II. Quarter |
(Mar 31 2023) I. Quarter |
(Dec 31 2022) IV. Quarter |
Y / Y Current Liabilities TTM Growth |
26.56 % |
18.52 % |
9.99 % |
-6.13 % |
-7.95 % |
Y / Y Current Assets TTM Growth |
-21.68 % |
-33.46 % |
-87.54 % |
-84.03 % |
-82.53 % |
Working Capital Ratio TTM |
1.11 |
1.25 |
1.46 |
3.62 |
5.4 |
Total
Ranking TTM |
# 1006
| # 1063
| # 2947
| # 2007
| # 2306
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Seq. Current Liabilities TTM Growth |
-0.41 % |
7.77 % |
3.91 % |
13.48 % |
-6.73 % |
Seq. Current Assets TTM Growth |
-3.88 % |
1.04 % |
-14.72 % |
-5.43 % |
-18.34 % |
On the trailing twelve months basis Due to decrease in Current Liabilities in the IV Quarter 2023 to $7,002.20 millions, cumulative Working Capital Ratio decreased to 1.11 below the Progressive Corp average Working Capital Ratio. Working Capital Ratio is the average cumulative value over the last four quarters.
Among companies operating within Property & Casualty Insurance industry 19 other companies have achieved higher Working Capital Ratio than Progressive. While Working Capital Ratio overall ranking has improved so far to 1006, from total ranking during the twelve months ending third quarter 2023 at 1063.
Explain Working Capital Ratio
How much in Current Assets PGRīs has?
What is the value of PGRīs Current Liabilities?
TTM Working Capital Ratio Company Ranking |
Within: |
No. |
Within the Property & Casualty Insurance Industry |
# 20 |
Financial Sector |
# 141 |
Within the Market |
# 1006 |
trailing twelve months Working Capital Ratio Statistics |
High |
Average |
Low |
13.03 |
3.62 |
0.26 |
(Dec 31 2015) |
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(June 30. 2014) |
Companies with similar Working Capital Ratio in the quarter ending Dec 31 2023, within Property & Casualty Insurance Industry | Working Capital Ratio | Dec 31 2023 MRQ Current Assets | Dec 31 2023 MRQ Current Liabilities | Mercury General Corporation | 2.37 | $ 7,027.448 Millions | $ 2,960.921 Millions | Ambac Financial Group Inc | 2.27 | $ 2,310.000 Millions | $ 1,018.000 Millions | American Financial Group Inc | 2.24 | $ 31,985.000 Millions | $ 14,273.000 Millions | Assurant Inc | 2.15 | $ 11,230.800 Millions | $ 5,212.000 Millions | Everest Group Ltd | 1.62 | $ 40,870.000 Millions | $ 25,254.000 Millions | Hippo Holdings Inc | 1.57 | $ 917.400 Millions | $ 582.600 Millions | Selective Insurance Group Inc | 1.56 | $ 8,357.420 Millions | $ 5,343.162 Millions | Cincinnati Financial Corporation | 1.56 | $ 14,146.000 Millions | $ 9,050.000 Millions | Rli Corp | 1.51 | $ 3,959.922 Millions | $ 2,630.169 Millions | Travelers Companies inc | 1.49 | $ 91,737.000 Millions | $ 61,627.000 Millions | Chubb Limited | 1.26 | $ 133,627.000 Millions | $ 105,678.000 Millions | Kemper Corporation | 1.22 | $ 7,429.700 Millions | $ 6,102.900 Millions | Axis Capital Holdings Limited | 1.18 | $ 2,148.238 Millions | $ 1,818.812 Millions | Proassurance Corporation | 1.11 | $ 3,816.402 Millions | $ 3,425.300 Millions | Progressive Corp | 1.00 | $ 6,968.700 Millions | $ 7,002.200 Millions | Loews Corp | 0.73 | $ 14,455.000 Millions | $ 19,816.000 Millions | Lemonade inc | 0.70 | $ 184.200 Millions | $ 262.300 Millions | Maiden Holdings Ltd | 0.69 | $ 602.505 Millions | $ 867.433 Millions | White Mountains Insurance Group ltd | 0.66 | $ 1,112.700 Millions | $ 1,686.200 Millions | American International Group Inc | 0.60 | $ 37,425.000 Millions | $ 61,932.000 Millions | Cna Financial Corporation | 0.36 | $ 5,266.000 Millions | $ 14,509.000 Millions | Horace Mann Educators Corporation | 0.36 | $ 2,496.600 Millions | $ 6,948.800 Millions | Fidelis Insurance Holdings Limited | 0.32 | $ 895.100 Millions | $ 2,783.400 Millions | W R Berkley Corp | 0.28 | $ 5,403.925 Millions | $ 19,418.341 Millions | Palomar Holdings Inc | 0.24 | $ 83.718 Millions | $ 349.530 Millions |
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