Docoh
Loading...

PGR Progressive

Progressive provides insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles, and homes; it is the third largest auto insurer in the country, a leading seller of motorcycle and commercial auto insurance, and one of the top 15 homeowners insurance carriers. Founded in 1937, Progressive continues its long history of offering shopping tools and services that save customers time and money, like Name Your Price®, Snapshot®, and HomeQuote Explorer®.

Company profile

PGR stock data

(
)

Calendar

4 May 21
14 Jun 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Progressive earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 123.2M 123.2M 123.2M 123.2M 123.2M 123.2M
Cash burn (monthly) (positive/no burn) 20.6M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) n/a 50.85M n/a n/a n/a n/a
Cash remaining n/a 72.35M n/a n/a n/a n/a
Runway (months of cash) n/a 3.5 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
20 May 21 Sauerland John P Common Stock Sell Dispose S No Yes 99.17 12,000 1.19M 308,721.315
20 May 21 Griffith Susan Patricia Common Stock Gift Dispose G No Yes 0 3,750 0 410,215.175
20 May 21 Griffith Susan Patricia Common Stock Sell Dispose S No Yes 99.17 40,578 4.02M 413,965.175
13 May 21 Bleser Philip Common Stock Grant Aquire A No No 0 2,948 0 2,948
13 May 21 Burgdoerfer Stuart B Common Stock Grant Aquire A No No 0 1,826 0 24,431
13 May 21 Craig Pamela J. Common Stock Grant Aquire A No No 0 1,854 0 4,361

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

80.8% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 949 960 -1.1%
Opened positions 92 120 -23.3%
Closed positions 103 91 +13.2%
Increased positions 384 363 +5.8%
Reduced positions 357 350 +2.0%
13F shares
Current Prev Q Change
Total value 45.24B 47.27B -4.3%
Total shares 473.07M 478.37M -1.1%
Total puts 1.42M 2.15M -34.2%
Total calls 1.06M 1.46M -27.4%
Total put/call ratio 1.3 1.5 -9.3%
Largest owners
Shares Value Change
Vanguard 48.97M $4.68B +1.5%
BLK Blackrock 45.57M $4.36B +3.1%
Wellington Management 29.76M $2.85B -12.5%
STT State Street 26.39M $2.52B +4.1%
JPM JPMorgan Chase & Co. 17.37M $1.66B +3.2%
Geode Capital Management 10.43M $995.26M +1.7%
Capital World Investors 9.75M $932.19M +21.4%
IVZ Invesco 9.38M $896.49M +13.9%
JHG Janus Henderson 9.35M $894.08M -20.8%
FMR 8.73M $834.25M +5.6%
Largest transactions
Shares Bought/sold Change
Massachusetts Financial Services 8.32M +8.31M +49353.3%
Norges Bank 0 -6.14M EXIT
Wellington Management 29.76M -4.25M -12.5%
GQG Partners 889.06K -3.31M -78.8%
Egerton Capital 0 -3.02M EXIT
JHG Janus Henderson 9.35M -2.46M -20.8%
Capital World Investors 9.75M +1.72M +21.4%
1832 Asset Management 5.38M +1.66M +44.6%
BAC Bank Of America 5.3M +1.51M +39.7%
Amundi Pioneer Asset Management 2.46M -1.48M -37.6%

Financial report summary

?
Competition
NI
Risks
  • Our success depends on our ability to establish accurate loss reserves.
  • Our insurance operating results may be materially adversely affected by severe weather or other catastrophe events, and changing climate conditions may be exacerbating these impacts.
  • Our success will depend on our ability to continue to accurately predict our reinsurance needs, obtain sufficient reinsurance coverage for our Property and other businesses at reasonable cost, and collect under our reinsurance contracts.
  • We compete in property and casualty insurance markets that are highly competitive.
  • Our success depends on our ability to innovate effectively and respond to our competitors’ initiatives.
  • We must effectively manage complexity as we develop and deliver high-quality products and customer experiences.
  • Intellectual property rights could affect our competitiveness and our business operations.
  • Our success depends on our ability to adjust claims accurately.
  • We must maintain a brand that is recognized and trusted by consumers.
  • Our ability to attract, develop, and retain talent, including employees, managers, and executives, and to maintain appropriate staffing levels, is critical to our success.
  • We are subject to a variety of complex laws and regulations.
  • Lawsuits challenging our business practices, and those of our competitors and other companies, are pending and more may be filed in the future.
  • Our business could be materially adversely affected by a security breach or other attack involving our computer systems or the systems of one or more of our vendors.
  • Efforts to develop new products or enter new areas of business may not be successful and may create enhanced risks.
  • If we were not able to send or accept electronic payments, our business and financial results could be adversely affected.
  • We may be required to recognize impairments in the value of the goodwill or intangible assets recorded in our financial statements.
  • The performance of our fixed-income and equity investment portfolios is subject to a variety of investment risks.
  • The elimination of or change in the London Interbank Offered Rate (LIBOR) may adversely affect the interest rates on and value of certain floating rate securities and other instruments that we hold.
  • The inability to access our cash accounts or to convert investments into cash on favorable terms when we desire to do so may materially and adversely affect our business.
  • Our financial condition may be adversely affected if one or more parties with which we enter into significant contracts or transact business (including under certain government programs) become insolvent, experience other financial difficulties, or default in the performance of contractual or reimbursement obligations.
  • Our insurance subsidiaries may be limited in the amount of dividends that they can pay, which in turn may limit our ability to repay indebtedness, make capital contributions to other subsidiaries or affiliates, pay dividends to shareholders, repurchase securities, or meet other obligations.
  • The terms of our outstanding preferred shares prohibit us from paying a dividend on our common shares in certain circumstances.
  • If we are unable to obtain capital when necessary to support our business, our financial condition and our ability to grow could be materially adversely affected.
  • Our access to capital markets, ability to obtain or renew financing arrangements, obligations to post collateral under certain derivative contracts, and business operations are dependent on favorable evaluations and ratings by credit and other rating agencies.
  • Our dividend policy may result in varying amounts being paid to our common shareholders, or no payment in some periods, and the dividend policy ultimately may be changed in the discretion of the Board of Directors.
  • Our investments in certain tax-advantaged projects may not generate the anticipated tax benefits and related returns.
  • Our goal is to maximize the long-term value of the enterprise and we do not manage to short-term earnings expectations, which may adversely affect short-term results.
Content analysis
?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Good
New words: advantage, Alabama, BOP, BusinessQuote, compression, conducive, core, crossed, customary, depressed, disproportionate, drove, Explorer, fairly, fourth, gathered, hit, Irma, justified, law, milestone, motorcycle, motorist, mutual, occurrence, Oklahoma, Oregon, outpaced, platform, prevailing, refund, reimbursing, rest, rideshare, Robinson, robust, Sam, scaling, shortened, tone, turnover, winter
Removed: acquired, aged, airport, America, amortizing, analyzing, anticipate, applying, ARX, ASL, assessment, ASU, bear, began, beginning, borrower, bringing, capitalized, capitalizing, card, Carolina, carry, closed, cloud, collectability, combination, composed, computing, conformity, consideration, content, contra, counter, creation, decreasing, deducting, discretion, doubtful, education, employee, energy, equal, establishment, execution, exercised, existence, experiencing, expired, Facility, federally, formula, fraud, governed, guideline, guilty, heightened, homeowner, hour, identifying, impaired, implementation, implied, inventory, involuntary, June, leased, led, leveraging, license, lifted, measuring, Michigan, modified, modify, NCI, noncontrolling, North, obligation, older, outlook, ownership, penalty, predominantly, preparing, Prime, project, prospective, reach, realize, rebalancing, recognition, regulated, reinsurer, removal, renew, renewable, repaid, require, requirement, retained, reversal, routinely, selling, semiannually, servicing, sewer, similarly, software, space, spectrum, sponsor, standard, subsequent, subtracting, suspended, term, ultimate, unaffiliated, uncollateralized, uncommitted, underwritten, update, utilization, utilized, valid, variety, voluntary, wage, warranted, water, wider, wind