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.
Progressive's network cast.
Courtesy of Progressive

Company Information

As of 6/5/23
Country
U.S.
Headquarters
Mayfield Village, Ohio
Industry
Insurance: Property and Casualty (Stock)
CEO
Susan Patricia Griffith
Company Type
Public
Ticker
PGR
Revenues ($M)
$49,611
Profits ($M)
$722
Market Value ($M)
$83,743
Employees
55,063
Market value as of March 31, 2023.

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 ($)
5.66
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

YearRevenues ($M)Profits ($M)Assets ($M)Total Stockholder Equity ($M)
2021$42,6589.3%$5,70543.7%$64,098$17,039
2020$39,02222%$3,97051.8%$54,895$13,673
2019$31,97919.2%$2,61564.3%$46,575$10,822
2018$26,83914.5%$1,59254.4%$38,701$9,285
2017$23,44112.4%$1,031-18.7%$33,428$7,957
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