progressive is a place where collaboration is encouraged, hard work is rewarded and creativity is celebrated. each of our employees has a role in our success and together, we continue to find new and better ways to satisfy our customers and move the insurance industry forward. with over 75 years of business, we ensure more than 13 million customers. people from all walks of life, all fields of business and all 50 states make up our diverse group of 26,000 talented professionals. with six large locations and hundreds of smaller claims and legal offices across the country, we collectively work toward our goal of becoming consumers’ number one choice for auto insurance.
Company profile
Ticker
PGR
Exchange
Website
CEO
Susan Griffith
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
ARX Holding Corp. • American Strategic Insurance Corp. • Ark Royal Underwriters, LLC • ASI Assurance Corp. • ASI Home Insurance Corp. • ASI Lloyds, Inc. • ASI Preferred Insurance Corp. • ASI Select Auto Insurance Corp. • ASI Select Insurance Corp. • ASI Underwriters Corp. ...
IRS number
340963169
PGR stock data
Latest filings (excl ownership)
8-K
Progressive Reports February Results
15 Mar 24
10-K
2023 FY
Annual report
26 Feb 24
8-K
Progressive Reports January Results
14 Feb 24
8-K
Progressive Reports December Results
24 Jan 24
8-K
Progressive Reports November Results
15 Dec 23
8-K
Progressive Reports October Results
17 Nov 23
10-Q
2023 Q3
Quarterly report
31 Oct 23
8-K
Progressive Reports September Results
13 Oct 23
8-K
Progressive Reports August Results
15 Sep 23
8-K
Progressive Reports July Results
16 Aug 23
Transcripts
PGR
Earnings call transcript
2023 Q3
1 Nov 23
PGR
Earnings call transcript
2023 Q2
2 Aug 23
PGR
Earnings call transcript
2023 Q1
3 May 23
PGR
Earnings call transcript
2022 Q4
28 Feb 23
PGR
Earnings call transcript
2022 Q3
2 Nov 22
PGR
Earnings call transcript
2022 Q2
3 Aug 22
PGR
Earnings call transcript
2022 Q1
3 May 22
PGR
Earnings call transcript
2021 Q4
1 Mar 22
PGR
Earnings call transcript
2021 Q3
3 Nov 21
PGR
Earnings call transcript
2021 Q2
4 Aug 21
Latest ownership filings
4
John P Sauerland
13 Mar 24
4
Susan Patricia Griffith
13 Mar 24
4
Jonathan S. Bauer
13 Mar 24
4
Karen Bailo
7 Mar 24
144
Notice of proposed sale of securities
5 Mar 24
11-K
Annual report of employee stock purchases
5 Mar 24
4
Patrick K Callahan
23 Feb 24
144
Notice of proposed sale of securities
21 Feb 24
SC 13G/A
VANGUARD GROUP INC
13 Feb 24
SC 13G/A
BlackRock Inc.
12 Feb 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 138.40 mm | 138.40 mm | 138.40 mm | 138.40 mm | 138.40 mm | 138.40 mm |
Cash burn (monthly) | 13.70 mm | 18.91 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 77.21 mm | 106.56 mm | n/a | n/a | n/a | n/a |
Cash remaining | 61.19 mm | 31.84 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | 4.5 | 1.7 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
84.7% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 1143 |
Opened positions | 124 |
Closed positions | 116 |
Increased positions | 415 |
Reduced positions | 440 |
13F shares | Current |
---|---|
Total value | 69.10 tn |
Total shares | 496.04 mm |
Total puts | 1.47 mm |
Total calls | 2.06 mm |
Total put/call ratio | 0.7 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 51.25 mm | $7.14 tn |
BLK Blackrock | 45.49 mm | $6.34 tn |
JPM JPMorgan Chase & Co. | 30.76 mm | $4.29 tn |
STT State Street | 23.88 mm | $3.33 tn |
Wellington Management | 21.55 mm | $3.00 tn |
BAC Bank Of America | 16.79 mm | $2.34 tn |
Massachusetts Financial Services | 14.41 mm | $2.01 tn |
Geode Capital Management | 11.58 mm | $1.61 tn |
T. Rowe Price | 11.48 mm | $1.60 tn |
Alliancebernstein | 9.81 mm | $1.37 tn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
11 Mar 24 | Bauer Jonathan S. | Common Stock | Payment of exercise | Dispose F | No | No | 196.84 | 1,846 | 363.37 k | 26,766.647 |
11 Mar 24 | Bauer Jonathan S. | Common Stock | Grant | Acquire A | No | No | 0 | 3,893.22 | 0.00 | 28,612.647 |
11 Mar 24 | Griffith Susan Patricia | Common Stock | Payment of exercise | Dispose F | No | No | 196.84 | 6,228 | 1.23 mm | 474,010.74 |
11 Mar 24 | Griffith Susan Patricia | Common Stock | Grant | Acquire A | No | No | 0 | 14,501.31 | 0.00 | 480,238.74 |
11 Mar 24 | Sauerland John P | Common Stock | Payment of exercise | Dispose F | No | No | 196.84 | 2,008 | 395.25 k | 325,414.603 |
11 Mar 24 | Sauerland John P | Common Stock | Grant | Acquire A | No | No | 0 | 4,465.549 | 0.00 | 327,422.603 |
5 Mar 24 | Karen Bailo | Common Stock | Sell | Dispose S | No | Yes | 189.49 | 8,464 | 1.60 mm | 32,341.977 |
21 Feb 24 | Callahan Patrick K | Common Stock | Sell | Dispose S | No | Yes | 190.26 | 29,675 | 5.65 mm | 15,188.825 |
News
Keefe, Bruyette & Woods Maintains Market Perform on Progressive, Raises Price Target to $190
18 Mar 24
Keefe, Bruyette & Woods Maintains Market Perform on Progressive, Raises Price Target to $195
18 Mar 24
10 Financials Stocks With Whale Alerts In Today's Session
15 Mar 24
Will Alphabet 'Storm Back?' Plus: Progressive, D.R. Horton And Pfizer On CNBC's 'Final Trades'
13 Mar 24
Here's How Much You Would Have Made Owning Progressive Stock In The Last 20 Years
11 Mar 24
Press releases
Progressive Reports February 2024 Results
15 Mar 24
AM Best Affirms Credit Ratings of The Progressive Corporation and Its Subsidiaries
6 Mar 24
Progressive Announces Quarterly Common Share Dividend
4 Mar 24
Progressive Announces Investor Relations Event
20 Feb 24
Progressive Reports January 2024 Results
14 Feb 24