Progressive (NYSE:PGR) 3-Year Book Growth Rate

: 5.30% (As of Dec. 2022)

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Progressive's Book Value per Share for the quarter that ended in Dec. 2022 was $26.32.

During the past 12 months, Progressive's average Book Value per Share Growth Rate was -13.30% per year. During the past 3 years, the average Book Value per Share Growth Rate was 5.30% per year. During the past 5 years, the average Book Value per Share Growth Rate was 13.20% per year. During the past 10 years, the average Book Value per Share Growth Rate was 12.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

During the past 13 years, the highest 3-Year average Book Value per Share Growth Rate of Progressive was 58.90% per year. The lowest was -7.00% per year. And the median was 15.50% per year.

Competitive Comparison

For the Insurance - Property & Casualty subindustry, Progressive's 3-Year Book Growth Rate, along with its competitors' market caps and 3-Year Book Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Annual Data Quarterly Data

Progressive 3-Year Book Growth Rate Distribution

For the Insurance industry and Financial Services sector, Progressive's 3-Year Book Growth Rate distribution charts can be found below:

* The bar in red indicates where Progressive's 3-Year Book Growth Rate falls in comparison to its industry or sector. The grey bar indicates the 3-Year Book Growth Rate's extreme value range as defined by GuruFocus.

Progressive 3-Year Book Growth Rate Calculation

This is the 3-year average growth rate of Book Value per Share. The growth rate is calculated using exponential compounding based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

Progressive (NYSE:PGR) 3-Year Book Growth Rate Explanation

Book Value per Share is the ratio of equity available to common shareholders divided by the shares outstanding. Book value per share effectively indicates a firm's net asset value on a per-share basis. It can be used by investors to gauge whether a stock price is undervalued by comparing it to the firm's market value per share. Theoretically, it is what the shareholders will receive if the company is liquidated.

Progressive 3-Year Book Growth Rate Related Terms

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Progressive (NYSE:PGR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Progressive Corp (NYSE:PGR) » Definitions » 3-Year Book Growth Rate

Comparable Companies

Traded in Other Exchanges

PGR:Mexico PGV:Germany P1GR34:Brazil

Address

6300 Wilson Mills Road, Mayfield Village, OH, USA, 44143

Website

https://www.progressive.com

Progressive underwrites private and commercial auto insurance and specialty lines; it has over 20 million personal auto policies in force and is the fourth-largest auto insurer in the United States. Progressive markets its policies through independent insurance agencies in the U.S. and Canada and directly via the internet and telephone. Its premiums are split roughly equally between the agent and the direct channel. The company also offers commercial auto policies and entered homeowners insurance through an acquisition in 2015.

Executives

Pamela Craig	director	C/O ACCENTURE, 161 N CLARK STREET, CHICAGO IL 60601
Clawson William L. Ii	officer: Chief Human Resources Officer	C/O THE PROGRESSIVE CORPORATION, 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143
Remi Kent	officer: Chief Marketing Officer	6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143
Jonathan S. Bauer	officer: Chief Investment Officer	6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143
Mariann Wojtkun Marshall	officer: Chief Accounting Officer	C/O THE PROGRESSIVE CORPORATION, 6300 WILSON MILLS RD., MAYFIELD VILLAGE OH 44143
Jan E Tighe	director	C/O GOLDMAN SACHS & CO. LLC, 200 WEST STREET, NEW YORK NY 10282
Barbara R Snyder	director	127 PUBLIC SQUARE, CLEVELAND OH 44114
Andrew J Quigg	officer: Chief Strategy Officer	C/O THE PROGRESSIVE CORPORATION, 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143
Philip Bleser	director	8760 CLAY ROAD SUITE 100, HOUSTON TX 77494
Steven Broz	officer: Chief Information Officer	C/O THE PROGRESSIVE CORPORATION, 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143
Lori A Niederst	officer: CRM President	C/O THE PROGRESSIVE CORPORATION, 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143
Karen Bailo	officer: Commercial Lines President	6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143
Daniel P Mascaro	officer: Vice Pres, Secretary and CLO	C/O THE PROGRESSIVE CORPORATION, 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143
John Jo Murphy	officer: Claims President	C/O THE PROGRESSIVE CORPORATION, 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143
Patrick K Callahan	officer: Personal Lines President	C/O THE PROGRESSIVE CORPORATION, 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143