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Progressive Corp.

PGR

Market Cap$119.25B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Progressive Corp.Progressive Corp.20.80.56%26%1.90.3

Earnings Call Q4 2023

February 27, 2024 - AI Summary

Progressive is focused on its destination company strategy, aiming to become a one-stop shop for insurance products that meet customers' changing needs throughout their lifetime.
The company has seen significant growth in its Robinson customer segment, which represents nearly half of the personal insurance direct written premium in the US. This growth has been driven by strategic decisions such as offering homeowners insurance through the Progressive Advantage Agency (PAA) and acquiring American Strategic Insurance (now branded Progressive Home).
The PAA provides access to a broad portfolio of insurance products from multiple carriers, allowing customers to compare rates and choose the coverage that best suits their needs. This multi-carrier model has led to increased sales and retention, benefiting both customers and participating carriers.

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$237.64

Target Price by Analysts

12.8% upsideProgressive Target Price DetailsTarget Price
$641.74

Current Fair Value

204.5% upside

Undervalued by 204.5% based on the discounted cash flow analysis.

Share Statistics

Market cap$119.25 Billion
Enterprise Value$126.14 Billion
Dividend Yield$1.1493 (0.56%)
Earnings per Share$9.77
Beta0.0
Outstanding Shares585,698,387
Avg 30 Day Volume2,512,174

Return

Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio20.78
PEG4.89
Price to Sales1.9
Price to Book Ratio5.7
Enterprise Value to Revenue1.94
Enterprise Value to EBIT17.29
Enterprise Value to Net Income21
Total Debt to Enterprise0.05
Debt to Equity0.32

Revenue Sources

No data

Insider Trades

ESG Score

No data

About Progressive Corp.

CEO: Susan Griffith