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Last $26.75 USD
Change Today -0.43 / -1.58%
Volume 4.0M
PGR On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

progressive corp (PGR) Snapshot

Open
$26.95
Previous Close
$27.18
Day High
$27.03
Day Low
$26.63
52 Week High
03/23/15 - $27.90
52 Week Low
08/1/14 - $23.20
Market Cap
15.7B
Average Volume 10 Days
3.9M
EPS TTM
$1.97
Shares Outstanding
587.6M
EX-Date
02/2/15
P/E TM
13.6x
Dividend
$0.69
Dividend Yield
2.57%
Current Stock Chart for PROGRESSIVE CORP (PGR)

progressive corp (PGR) Details

The Progressive Corporation, an insurance holding company, provides personal and commercial property-casualty insurance, and other specialty property-casualty insurance and related services primarily in the United States. The company’s property-casualty insurance products protect its customers against losses due to collision and physical damage to their motor vehicles, uninsured and underinsured bodily injury, and liability to others for personal injury or property damage arising out of the use of those vehicles. Its Personal Lines segment writes insurance for personal autos and recreational and other vehicles. Its products include personal auto insurance; and special lines products, including motorcycles, ATVs, RVs, mobile homes, watercraft, and snowmobiles. The company’s Commercial Lines segment provides primary liability and physical damage insurance for autos, vans, pick-up trucks, and dump trucks used by small businesses; tractors, trailers, and straight trucks primarily used by regional general freight and expeditor-type businesses and non-fleet long-haul operators; dump trucks, log trucks, and garbage trucks used by dirt, sand and gravel, logging, and coal-type businesses; tow trucks and wreckers used in towing services and gas/service station businesses; and non-fleet taxis, black-car services, and airport taxis. It also offers policy issuance and claims adjusting services for the commercial auto insurance procedures/plans; home, condominium, and renters insurance; and general liability and business owners policies, and workers’ compensation insurance, as well as sells personal auto physical damage and property damage liability insurance on an Internet-only basis in Australia. The company sells its products and services through independent insurance agencies, as well as directly on the Internet, mobile devices, and over the phone. The Progressive Corporation was founded in 1937 and is headquartered in Mayfield Village, Ohio.

26,501 Employees
Last Reported Date: 03/2/15
Founded in 1937

progressive corp (PGR) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $750.0K
Chief Financial Officer
Total Annual Compensation: $487.1K
Chief Operating Officer of Personal Lines
Total Annual Compensation: $487.1K
Chief Legal Officer, Vice President and Secre...
Total Annual Compensation: $463.3K
Chief Investment Officer
Total Annual Compensation: $417.7K
Compensation as of Fiscal Year 2014.

progressive corp (PGR) Key Developments

Progressive Corp. Reports Unaudited Earnings Results for the Month and First Quarter Ended March 31, 2015; Announces Impairment Charges for the Month Ended March 31, 2015

Progressive Corp. reported unaudited earnings results for the month and first quarter ended March 31, 2015. For the month, the company's net premiums earned were $1,457.4 million compared with $1,374.9 million a year ago. Net income was $120.7 million or $0.20 per diluted share compared with $118.5 million or $0.20 per diluted share a year ago. The company reported total revenues of $1,534.2 million and income before income taxes of $181.1 million For the quarter, the company's net premiums earned were $4,666.3 million compared with $4,402.3 million a year ago. Net income was $295.6 million or $0.50 per diluted share compared with $321.3 million or $0.54 per diluted share a year ago. Total revenues were $4,895.3 million compared with $4,707.6 million a year ago. Income before income taxes was $443.2 million compared with $481.8 million a year ago. For the month, the company announced net impairment losses recognized in earnings of $7.9 million.

Progressive Corp. Reports Unaudited Earnings Results for the Month of February 2015

Progressive Corp. reported unaudited earnings results for the month of February 2015. For the month, the company's net premiums written was $1,686.9 million compared with $1,538.7 million a year ago. Net premiums earned was $1,438.9 million compared with $1,352.9 million a year ago. Net income was $85.5 million or $0.14 per share compared with $47.0 million or $0.08 per share a year ago.

Progressive Announces Executive Leadership Changes

Progressive Corp. announced several organizational changes that will go into effect on April 1, 2015. First, Pat Callahan has been named President of the Company's Personal Lines Group, succeeding John Sauerland in that role. As previously announced, Mr. Sauerland will become Chief Financial Officer (CFO) as Brian Domeck transitions to his retirement in May. In addition, Tricia Griffith has been appointed as Personal Lines Chief Operating Officer, responsible for the Company's Personal Lines, Claims and Customer Relationship Management groups. Mr. Callahan joined Progressive more than 12 years ago and has held various product and general management responsibilities, including his current role as Personal Lines Acquisition Leader and past role leading Progressive's Special Lines business.

 

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Industry Analysis

PGR

Industry Average

Valuation PGR Industry Range
Price/Earnings 12.8x
Price/Sales 0.8x
Price/Book 2.2x
Price/Cash Flow 12.7x
TEV/Sales 0.6x
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