Progressive (Progressive) Net Margin %

: 11.77% (As of Dec. 2023)

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Net margin is calculated as Net Income divided by its Revenue. Progressive's Net Income for the three months ended in Dec. 2023 was $1,988 Mil. Progressive's Revenue for the three months ended in Dec. 2023 was $16,884 Mil. Therefore, Progressive's net margin for the quarter that ended in Dec. 2023 was 11.77%.

The historical rank and industry rank for Progressive's Net Margin % or its related term are showing as below:

PGR' s Net Margin % Range Over the Past 10 Years
Min: 1.46 Med: 6.45 Max: 13.38
Current: 6.29

PGR's Net Margin % is ranked worse than
55.35% of 486 companies
in the Insurance industry
Industry Median: 7.325 vs PGR: 6.29

Progressive Net Margin % Historical Data

The historical data trend for Progressive's Net Margin % 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

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Net Margin %

10.18

13.38

7.03

1.46

6.29

Progressive Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Net Margin %																6.14	3.13	2.25	7.21	11.77

Competitive Comparison

For the Insurance - Property & Casualty subindustry, Progressive's Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % Distribution

For the Insurance industry and Financial Services sector, Progressive's Net Margin % distribution charts can be found below:

* The bar in red indicates where Progressive's Net Margin % falls into.

Progressive Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Progressive's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as

Net Margin	=	Net Income (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	3902.4	/	62082.3
	=	6.29 %

Progressive's Net Margin for the quarter that ended in Dec. 2023 is calculated as

Net Margin	=	Net Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	1987.8	/	16883.8
	=	11.77 %

Progressive (NYSE:PGR) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.

Progressive Net Margin % Related Terms

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Progressive (Progressive) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Progressive Corp (NYSE:PGR) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

PGR:Mexico PGV:Germany 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 about 18 million personal auto policies in force and is one of the largest auto insurers 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

Susan Patricia Griffith	officer: Chief Human Resource, Officer	6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143
Andrew J Quigg	officer: Chief Strategy 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
Daniel P Mascaro	officer: Vice Pres, Secretary and CLO	C/O THE PROGRESSIVE CORPORATION, 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143
Stuart B Burgdoerfer	director	6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143
Jeffrey D Kelly	director
John P Sauerland	officer: Direct Group, President	PROGRESSIVE, 7580 NORTHCLIFF AVE. -- SUITE 1000, BROOKLYN OH 44144
Barbara R Snyder	director	127 PUBLIC SQUARE, CLEVELAND OH 44114
Steven Broz	officer: Chief Information Officer	C/O THE PROGRESSIVE CORPORATION, 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143
Danelle Marie Barrett	director	50 ENTERPRISE CENTER, KVH INDUSTRIES, INC., MIDDLETOWN RI 02842
Philip Bleser	director	8760 CLAY ROAD SUITE 100, HOUSTON TX 77494
Devin C Johnson	director	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
Karen Bailo	officer: Commercial Lines President	6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143