Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Progressive's Total Stockholders Equity for the quarter that ended in Jun. 2022 was $15,653 Mil. Progressive's Total Assets for the quarter that ended in Jun. 2022 was $73,057 Mil.
Therefore, Progressive's Equity to Asset Ratio for the quarter that ended in Jun. 2022 was 0.21.
The historical rank and industry rank for Progressive's Equity-to-Asset or its related term are showing as below:
PGR'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.14 Med: 0.27 Max: 0.38
Current: 0.21
During the past 13 years, the highest Equity to Asset Ratio of Progressive was 0.38. The lowest was 0.14. And the median was 0.27.
PGR's Equity-to-Asset is ranked worse than 51.97% of 508
companies
in the Insurance industry
Industry Median: 0.22
vs PGR: 0.21
Progressive Equity-to-Asset Historical Data
The historical data trend for Progressive's Equity-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
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Equity-to-Asset
0.24
0.23
0.25
0.27
0.26
Progressive Quarterly Data
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Equity-to-Asset
0.27
0.26
0.26
0.23
0.21
Competitive Comparison
For the Insurance - Property & Casualty subindustry, Progressive's Equity-to-Asset, along with its competitors' market caps and Equity-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.
Progressive Equity-to-Asset Distribution
For the Insurance industry and Financial Services sector, Progressive's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Progressive's Equity-to-Asset falls into.
Progressive Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Progressive's Equity to Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as
* 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.
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Progressive Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Progressive's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
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