Progressive is the third-largest auto insurance carrier in the U.S. by market share, and the largest insurer of commercial vehicles. As more cars got back on the road in 2021, the economy’s rebound from the pandemic was a mixed blessing for Progressive. The company recorded an 11% year-over-year revenue increase, but a 41% year-over-year decrease in profits—since more driving meant more accidents and more insurance claims.
Courtesy of Progressive
Company Information
As of 8/3/2022
Country
U.S.
Headquarters
Mayfield Village, Ohio
Industry
Insurance: Property and Casualty (Stock)
CEO
Susan Patricia Griffith
Website
Company Type
Public
Ticker
PGR
Revenues ($M)
$47,702
Profits ($M)
$3,350.9
Market Value ($M)
$65,485
Employees
49,077
Market value as of July 19, 2022.
Key Financials (Last Fiscal Year)
$ millions
% change
Revenues ($M)
$47,702
11.8%
Profits ($M)
$3,350.9
-41.3%
Assets ($M)
$71,132.3
-
Total Stockholder Equity ($M)
$18,231.6
-
Profit Ratios
Profit as % of Revenues
7%
Profits as % of Assets
4.7%
Profits as % of Stockholder Equity
18.4%
Earnings Per Share (Last Fiscal Year)
Earnings Per Share ($)
6
EPS % Change (from 2020)
-41.4%
EPS % Change (5 year annual rate)
26.3%
EPS % Change (10 year annual rate)
13.5%
Total Return
Total Return to Investors (2021)
10.8%
Total Return to Investors (5 year, annualized)
28.1%
Total Return to Investors (10 year, annualized)
22.5%
Progressive Rank History
Historical Data
| Year | Revenues ($M) | Profits ($M) | Assets ($M) | Total Stockholder Equity ($M) |
|---|---|---|---|---|
| 2021 | $42,658.19.3% | $5,704.643.7% | $64,098.3 | $17,038.6 |
| 2020 | $39,022.322% | $3,970.351.8% | $54,895.3 | $13,673.2 |
| 2019 | $31,97919.2% | $2,615.364.3% | $46,575 | $10,821.8 |
| 2018 | $26,83914.5% | $1,592.254.4% | $38,701.2 | $9,284.8 |
| 2017 | $23,44112.4% | $1,031-18.7% | $33,428 | $7,957 |
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