Progressive (NYSE:PGR) Debt-to-Asset

: 0.09 (As of Dec. 2022)

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Progressive's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was $0 Mil. Progressive's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was $6,388 Mil. Progressive's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2022 was $75,465 Mil. Progressive's debt to asset for the quarter that ended in Dec. 2022 was 0.08.

Progressive Debt-to-Asset Historical Data

The historical data trend for Progressive's Debt-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Progressive Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Asset

0.10

0.08

0.07

0.09

Progressive Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Debt-to-Asset																0.07	0.09	0.09	0.09	0.09

Competitive Comparison

For the Insurance - Property & Casualty subindustry, Progressive's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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 Debt-to-Asset Distribution

For the Insurance industry and Financial Services sector, Progressive's Debt-to-Asset distribution charts can be found below:

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

Progressive Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Progressive's Debt-to-Asset for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	6388.3)	/	75465
	=	0.08

Progressive's Debt-to-Asset for the quarter that ended in Dec. 2022 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	6388.3)	/	75465
	=	0.08

Progressive (NYSE:PGR) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Progressive Debt-to-Asset Related Terms

Thank you for viewing the detailed overview of Progressive's Debt-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Progressive (NYSE:PGR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Progressive Corp (NYSE:PGR) » Definitions » Debt-to-Asset

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