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Progressive Corp  (PGR)
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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?


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)   (June 30. 2014)




Financial Statements
Progressive's Current Liabilities $ 7,002 Millions Visit PGR's Balance sheet
Progressive's Current Assets $ 6,969 Millions Visit PGR's Balance sheet
Source of PGR's Sales Visit PGR's Sales by Geography


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
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)   (June 30. 2014)




Companies with similar Working Capital Ratio in the quarter ending Dec 31 2023, within Property & Casualty Insurance Industry Working Capital RatioDec 31 2023 MRQ Current AssetsDec 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

Date modified: 2024-02-26T21:25:13+00:00



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