PGR: Progressive Corp Financial Statements
Balance sheet, income statement, and cash flow statements for Progressive Corp (PGR).
$140.37B Market Cap.
PGR Market Cap. (MRY)
PGR Shares Outstanding (MRY)
PGR Assets (MRY)
Total Assets
$105.75B
Total Liabilities
$80.15B
Total Investments
$80.25B
PGR Income (MRY)
Revenue
$75.37B
Net Income
$8.48B
Operating Expense
$15.32B
PGR Cash Flow (MRY)
CF Operations
$15.12B
CF Investing
-$13.75B
CF Financing
-$1.32B
PGR Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $105,745,000,000 (19.23%) | $88,691,000,000 (17.53%) | $75,465,000,000 (6.09%) | $71,132,300,000 (10.97%) |
Assets Current | - | - | - | - |
Assets Non-Current | - | - | - | - |
Goodwill & Intangible Assets | $0 (0%) | $0 (0%) | $0 (0%) | $570,000,000 (-8.67%) |
Shareholders Equity | $25,591,000,000 (26.21%) | $20,277,000,000 (27.60%) | $15,891,000,000 (-12.84%) | $18,231,600,000 (7.00%) |
Property Plant & Equipment Net | $790,000,000 (-10.33%) | $881,000,000 (-14.80%) | $1,034,000,000 (-9.08%) | $1,137,300,000 (2.83%) |
Cash & Equivalents | $154,000,000 (54.00%) | $100,000,000 (-54.73%) | $220,900,000 (9.30%) | $202,100,000 (164.18%) |
Accumulated Other Comprehensive Income | -$1,423,000,000 (11.94%) | -$1,616,000,000 (42.33%) | -$2,802,000,000 (-6984.52%) | $40,700,000 (-95.63%) |
Deferred Revenue | $23,858,000,000 (18.50%) | $20,134,000,000 (16.42%) | $17,293,600,000 (10.74%) | $15,615,800,000 (16.21%) |
Total Investments | $80,250,000,000 (21.59%) | $65,999,000,000 (23.25%) | $53,548,300,000 (3.95%) | $51,514,100,000 (8.38%) |
Investments Current | - | - | - | - |
Investments Non-Current | - | - | - | - |
Inventory | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Trade & Non-Trade Receivables | $19,483,000,000 (12.61%) | $17,302,000,000 (4.58%) | $16,544,500,000 (11.50%) | $14,837,600,000 (18.25%) |
Trade & Non-Trade Payables | $10,346,000,000 (47.76%) | $7,002,000,000 (26.55%) | $5,532,800,000 (-8.84%) | $6,069,100,000 (-20.67%) |
Accumulated Retained Earnings (Deficit) | $24,283,000,000 (29.16%) | $18,801,000,000 (19.59%) | $15,721,200,000 (2.49%) | $15,339,700,000 (14.86%) |
Tax Assets | $954,000,000 (1.92%) | $936,000,000 (-17.28%) | $1,131,500,000 (0%) | $0 (0%) |
Tax Liabilities | $0 (0%) | $0 (0%) | $0 (0%) | $152,900,000 (-50.68%) |
Total Debt | $6,893,000,000 (0.06%) | $6,889,000,000 (7.84%) | $6,388,300,000 (30.41%) | $4,898,800,000 (-9.22%) |
Debt Current | - | - | - | - |
Debt Non-Current | - | - | - | - |
Total Liabilities | $80,154,000,000 (17.16%) | $68,414,000,000 (14.84%) | $59,574,000,000 (12.61%) | $52,900,700,000 (12.41%) |
Liabilities Current | - | - | - | - |
Liabilities Non-Current | - | - | - | - |
PGR Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $75,372,000,000 (21.35%) | $62,109,000,000 (25.19%) | $49,611,000,000 (4.00%) | $47,702,000,000 (11.82%) |
Cost of Revenue | $49,060,000,000 (7.46%) | $45,655,000,000 (19.76%) | $38,123,000,000 (13.37%) | $33,627,600,000 (28.35%) |
Selling General & Administrative Expense | $14,845,000,000 (36.11%) | $10,907,000,000 (11.57%) | $9,776,000,000 (4.36%) | $9,367,500,000 (5.93%) |
Research & Development Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Operating Expenses | $15,320,000,000 (35.79%) | $11,282,000,000 (9.30%) | $10,322,000,000 (7.01%) | $9,645,800,000 (6.36%) |
Interest Expense | $279,000,000 (4.10%) | $268,000,000 (9.84%) | $244,000,000 (11.62%) | $218,600,000 (0.74%) |
Income Tax Expense | $2,233,000,000 (123.08%) | $1,001,000,000 (400.50%) | $200,000,000 (-76.72%) | $859,100,000 (-41.50%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Consolidated Income | $8,480,000,000 (117.27%) | $3,903,000,000 (440.58%) | $722,000,000 (-78.45%) | $3,350,900,000 (-41.26%) |
Net Income to Non-Controlling Interests | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income | $8,480,000,000 (117.27%) | $3,903,000,000 (440.58%) | $722,000,000 (-78.45%) | $3,350,900,000 (-41.26%) |
Preferred Dividends Income Statement Impact | $17,000,000 (-55.26%) | $38,000,000 (40.74%) | $27,000,000 (0.37%) | $26,900,000 (0.00%) |
Net Income Common Stock | $8,463,000,000 (118.97%) | $3,865,000,000 (456.12%) | $695,000,000 (-79.09%) | $3,324,000,000 (-41.46%) |
Weighted Average Shares | $585,500,000 (0.10%) | $584,900,000 (0.09%) | $584,400,000 (-0.02%) | $584,500,000 (-0.07%) |
Weighted Average Shares Diluted | $587,700,000 (0.03%) | $587,500,000 (0.07%) | $587,100,000 (0.00%) | $587,100,000 (-0.09%) |
Earning Before Interest & Taxes (EBIT) | $10,992,000,000 (112.53%) | $5,172,000,000 (343.57%) | $1,166,000,000 (-73.67%) | $4,428,600,000 (-40.07%) |
Gross Profit | $26,312,000,000 (59.91%) | $16,454,000,000 (43.23%) | $11,488,000,000 (-18.38%) | $14,074,400,000 (-14.49%) |
Operating Income | $10,992,000,000 (112.53%) | $5,172,000,000 (343.57%) | $1,166,000,000 (-73.67%) | $4,428,600,000 (-40.07%) |
PGR Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | -$13,749,000,000 (-26.81%) | -$10,842,000,000 (-36.27%) | -$7,956,000,000 (-155.02%) | -$3,119,800,000 (49.00%) |
Net Cash Flow from Financing | -$1,316,000,000 (-1787.18%) | $78,000,000 (-93.07%) | $1,126,000,000 (124.93%) | -$4,516,300,000 (-381.07%) |
Net Cash Flow from Operations | $15,119,000,000 (42.06%) | $10,643,000,000 (55.39%) | $6,849,000,000 (-11.76%) | $7,761,700,000 (12.40%) |
Net Cash Flow / Change in Cash & Cash Equivalents | $54,000,000 (144.63%) | -$121,000,000 (-736.84%) | $19,000,000 (-84.87%) | $125,600,000 (183.23%) |
Net Cash Flow - Business Acquisitions and Disposals | $0 (0%) | $0 (0%) | $0 (0%) | -$313,200,000 (0%) |
Net Cash Flow - Investment Acquisitions and Disposals | -$13,712,000,000 (-29.04%) | -$10,626,000,000 (-41.28%) | -$7,521,000,000 (-180.93%) | -$2,677,200,000 (55.38%) |
Capital Expenditure | -$208,000,000 (-1.46%) | -$205,000,000 (20.23%) | -$257,000,000 (-44.95%) | -$177,300,000 (12.05%) |
Issuance (Repayment) of Debt Securities | $0 (0%) | $496,000,000 (-66.62%) | $1,486,000,000 (385.77%) | -$520,000,000 (-152.72%) |
Issuance (Purchase) of Equity Shares | -$134,000,000 (4.96%) | -$141,000,000 (-42.42%) | -$99,000,000 (55.61%) | -$223,000,000 (-113.81%) |
Payment of Dividends & Other Cash Distributions | -$674,000,000 (-188.03%) | -$234,000,000 (0.00%) | -$234,000,000 (93.75%) | -$3,746,500,000 (-141.55%) |
Effect of Exchange Rate Changes on Cash | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Share Based Compensation | $122,000,000 (0.83%) | $121,000,000 (-1.63%) | $123,000,000 (22.14%) | $100,700,000 (12.64%) |
Depreciation Amortization & Accretion | $284,000,000 (-0.35%) | $285,000,000 (-6.86%) | $306,000,000 (-9.31%) | $337,400,000 (1.69%) |
PGR Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | 34.90% (31.70%) | 26.50% (14.22%) | 23.20% (-21.36%) | 29.50% (-23.58%) |
Profit Margin | 11.20% (80.65%) | 6.20% (342.86%) | 1.40% (-80.00%) | 7.00% (-47.37%) |
EBITDA Margin | 15.00% (70.45%) | 8.80% (193.33%) | 3.00% (-70.00%) | 10.00% (-44.75%) |
Return on Average Equity (ROAE) | 34.60% (59.45%) | 21.70% (393.18%) | 4.40% (-75.69%) | 18.10% (-47.23%) |
Return on Average Assets (ROAA) | 8.40% (82.61%) | 4.60% (411.11%) | 0.90% (-81.25%) | 4.80% (-48.94%) |
Return on Sales (ROS) | 14.60% (75.90%) | 8.30% (245.83%) | 2.40% (-74.19%) | 9.30% (-46.24%) |
Return on Invested Capital (ROIC) | 10.20% (78.95%) | 5.70% (280.00%) | 1.50% (-75.00%) | 6.00% (-46.90%) |
Dividend Yield | 0.50% (66.67%) | 0.30% (0.00%) | 0.30% (-95.16%) | 6.20% (129.63%) |
Price to Earnings Ratio (P/E) | 16.58 (-31.19%) | 24.1 (-77.89%) | 109 (504.21%) | 18.04 (77.16%) |
Price to Sales Ratio (P/S) | 1.86 (24.07%) | 1.5 (-1.83%) | 1.53 (21.46%) | 1.26 (-7.23%) |
Price to Book Ratio (P/B) | 5.49 (19.34%) | 4.6 (-3.77%) | 4.78 (44.99%) | 3.29 (-3.06%) |
Debt to Equity Ratio (D/E) | 3.13 (-7.17%) | 3.37 (-10.00%) | 3.75 (29.19%) | 2.9 (5.07%) |
Earnings Per Share (EPS) | 14.45 (118.61%) | 6.61 (455.46%) | 1.19 (-79.09%) | 5.69 (-41.40%) |
Sales Per Share (SPS) | 128.73 (21.23%) | 106.19 (25.08%) | 84.89 (4.02%) | 81.61 (11.90%) |
Free Cash Flow Per Share (FCFPS) | 25.47 (42.70%) | 17.85 (58.21%) | 11.28 (-13.07%) | 12.98 (13.21%) |
Book Value Per Share (BVPS) | 43.71 (26.08%) | 34.67 (27.49%) | 27.19 (-12.82%) | 31.19 (7.07%) |
Tangible Assets Book Value Per Share (TABVPS) | 180.61 (19.11%) | 151.63 (17.43%) | 129.13 (6.97%) | 120.72 (11.24%) |
Enterprise Value Over EBIT (EV/EBIT) | 13 (-31.58%) | 19 (-72.86%) | 70 (366.67%) | 15 (66.67%) |
Enterprise Value Over EBITDA (EV/EBITDA) | 13.05 (-28.76%) | 18.31 (-67.09%) | 55.65 (310.10%) | 13.57 (65.78%) |
Asset Turnover | 0.75 (1.63%) | 0.74 (10.51%) | 0.67 (-2.63%) | 0.68 (-2.70%) |
Current Ratio | - | - | - | - |
Dividends | $1.15 (187.50%) | $0.4 (0.00%) | $0.4 (-93.75%) | $6.4 (141.51%) |
Free Cash Flow (FCF) | $14,911,000,000 (42.85%) | $10,438,000,000 (58.34%) | $6,592,000,000 (-13.08%) | $7,584,400,000 (13.13%) |
Enterprise Value (EV) | $147,111,094,234 (47.21%) | $99,934,515,667 (22.00%) | $81,911,492,344 (26.66%) | $64,669,482,543 (2.31%) |
Earnings Before Tax (EBT) | $10,713,000,000 (118.45%) | $4,904,000,000 (431.89%) | $922,000,000 (-78.10%) | $4,210,000,000 (-41.31%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | $11,276,000,000 (106.63%) | $5,457,000,000 (270.72%) | $1,472,000,000 (-69.11%) | $4,766,000,000 (-38.28%) |
Invested Capital | $112,484,000,000 (17.81%) | $95,480,000,000 (16.96%) | $81,632,400,000 (8.47%) | $75,259,000,000 (9.40%) |
Working Capital | - | - | - | - |
Tangible Asset Value | $105,745,000,000 (19.23%) | $88,691,000,000 (17.53%) | $75,465,000,000 (6.95%) | $70,562,300,000 (11.17%) |
Market Capitalization | $140,366,294,234 (50.63%) | $93,185,315,667 (22.79%) | $75,889,392,344 (26.36%) | $60,056,782,543 (3.72%) |
Average Equity | $24,475,425,000 (37.40%) | $17,813,000,000 (12.44%) | $15,842,775,000 (-13.55%) | $18,325,450,000 (10.82%) |
Average Assets | $100,742,125,000 (19.33%) | $84,423,975,000 (13.33%) | $74,494,000,000 (6.81%) | $69,747,000,000 (14.96%) |
Invested Capital Average | $107,490,825,000 (18.11%) | $91,010,450,000 (13.33%) | $80,302,400,000 (8.34%) | $74,122,550,000 (13.58%) |
Shares | 585,811,503 (0.13%) | 585,040,907 (-0.00%) | 585,069,712 (0.00%) | 585,063,639 (-0.09%) |
