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Progressive Life Insurance Co has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is rated on a scale of 1 to 10 and is based on these factors:
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.
4. Other debt related ratios.
A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.
Progressive Life Insurance Co did not have earnings to cover the interest expense.
Altman Z-Score does not apply to banks and insurance companies.
Progressive Life Insurance Co (DHA:PROGRESLIF) Financial Strength Explanation
The rank is rated on a scale of 1 to 10. A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.
Progressive Life Insurance Co has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.
Progressive Life Insurance Co Financial Strength Related Terms
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
Altman Z-Score does not apply to banks and insurance companies.
* 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.
Progressive Life Insurance Co (DHA:PROGRESLIF) has a Financial Strength of 3 as of . 20. The financial strength rank measures the strength of a company's balance sheet based on revenue and debt. View historical data on Progressive Life Insurance Co and its competitors. This is near median its historical median of 3.00. Over the past decade, Progressive Life Insurance Co's Financial Strength has ranged from 1.00 to 4.00.
Is Progressive Life Insurance Co's Financial Strength too high?
Progressive Life Insurance Co's current Financial Strength of 3 is near median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 4.00. Overall, Progressive Life Insurance Co has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Progressive Life Insurance Co's Financial Strength compare to MDWT and EMGC?
Progressive Life Insurance Co's Financial Strength of 3 can be compared against companies in the Insurance industry. Historically, Progressive Life Insurance Co's own Financial Strength has ranged from 1.00 to 4.00 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Financial Strength for an Insurance company?
A good Financial Strength depends on the Insurance industry context. However, Financial Strength should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Financial Strength mean?
A high Financial Strength can signal that a stock is expensive relative to its fundamentals. The financial strength rank measures the strength of a company's balance sheet based on revenue and debt. View historical data on Progressive Life Insurance Co and its competitors. Progressive Life Insurance Co's current Financial Strength is 3, which is near median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Progressive Life Insurance Co stock overvalued right now?
Progressive Life Insurance Co (DHA:PROGRESLIF) has a current Financial Strength of 3. The current Financial Strength is 3, which is near median its 10-year median of 3.00. Progressive Life Insurance Co's overall GF Score™ is 21/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Financial Strength calculated?
Financial Strength is calculated from a company's financial statements. For Progressive Life Insurance Co (DHA:PROGRESLIF), the current Financial Strength is 3 as of . 20. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Progressive Life Insurance Co Ltd provides various life insurance products and services in Bangladesh. It is engaged in a different portfolio of traditional life insurance business i.e. Ordinary Life, Group Life including pension, health scheme, and micro life insurance business under names of Sujan Bima and Surrid Bima.
21GF Score
Get the complete analysis for DHA:PROGRESLIF
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