What is the level of liabilities of Progressive this year?
Progressive has a debt balance of 68.41 B USD this year.
Progressive Liabilities 2024
Progressive Liabilities
68.41 B USD
Ticker
PGR
ISIN
US7433151039
WKN
865496
In 2024, Progressive's total liabilities amounted to 68.41 B USD, a 14.84% difference from the 59.57 B USD total liabilities in the previous year.
Progressive Aktienanalyse
What does Progressive do?
Progressive Corp - a comprehensive analysis The Progressive Corp (also known as "Progressive Insurance") is an American company specializing in the sale of car insurance. The company was founded in 1937 by Joseph Lewis and Jack Green in Ohio. Originally, the company started under the name "Producers and Distributors Corporation" before being renamed "Progressive Corporation" in 1956. Since the early 1960s, the company has steadily grown and expanded. Nowadays, the company is active in both the US and Canadian markets and employs over 42,000 employees. Business model of Progressive Corp The company offers various types of insurance, including car, motorcycle, and home insurance. Unlike many other insurance companies, Progressive works directly with the customer, bypassing the use of insurance agents. Instead, interested individuals can directly purchase their insurance on the company's website, learn about different insurance options, and choose individual terms and conditions. This model has made Progressive a driving force in the insurance industry. The advantage is cost and time savings that can be passed on directly to the customers. The company is known for its fair, customer-oriented approaches and has even acquired the nickname "Friendly Flo" for its famous advertising character. Different divisions and products of Progressive Corp Car insurance Car insurance is the core area of focus for Progressive Corp. The company aims to provide its customers with high-quality services to ensure comprehensive coverage in the event of an accident. Progressive offers a variety of car insurance options, including liability insurance, comprehensive insurance, and collision insurance. Additionally, the company offers a range of discounts, such as safe driver discounts, multi-vehicle discounts, and automatic payment discounts. Motorcycle insurance Progressive Corp also offers motorcycle insurance. This is an important area as there are many motorcycle enthusiasts who need adequate insurance to protect themselves against potential accidents. Progressive offers a wide range of insurance options to protect riders against potential damages. Home insurance Progressive Corp also provides home insurance to offer comprehensive protection to its customers. The insurance covers protection against natural disasters such as floods or fires while also safeguarding their property. The insurance can be customized to fit the individual needs and budget of the customer. Conclusion Progressive Corp is an important player in the insurance industry. The company aims to provide its customers with high quality in terms of services and customer support. Progressive is an innovative company that leverages its niche position through direct marketing. As a result, the company remains competitive and well-positioned. Progressive ist eines der beliebtesten Unternehmen auf Eulerpool.com.Liabilities Details
Assessing Progressive's Liabilities
Progressive's liabilities constitute the company's financial obligations and debts owed to external parties and stakeholders. They are categorized into current liabilities, due within a year, and long-term liabilities, which are due over a longer period. A detailed assessment of these liabilities is crucial for evaluating Progressive's financial stability, operational efficiency, and long-term viability.
Year-to-Year Comparison
By comparing Progressive's liabilities year-over-year, investors can identify trends, shifts, and anomalies in the company’s financial positioning. A decrease in total liabilities often signals financial strengthening, while an increase might indicate enhanced investments, acquisitions, or potential financial strain.
Impact on Investments
Progressive's total liabilities play a significant role in determining the company's leverage and risk profile. Investors and analysts examine this aspect meticulously to ascertain the firm’s ability to meet its financial obligations, which influences investment attractiveness and credit ratings.
Interpreting Liability Fluctuations
Shifts in Progressive’s liability structure indicate changes in its financial management and strategy. A reduction in liabilities reflects efficient financial management or debt payoffs, while an increase may suggest expansion, acquisition activities, or accruing operational expenses, each carrying distinct implications for investors.
Frequently Asked Questions about Progressive stock
What were the liabilities of Progressive compared to the previous year?
The liabilities of Progressive have increased by 14.84% increased compared to the previous year.
What are the consequences of high debt for investors of Progressive?
High liabilities can pose a risk for investors of Progressive, as they can weaken the company's financial position and impair its ability to meet its obligations.
What consequences do low liabilities have for investors in Progressive?
Low liabilities mean that Progressive has a strong financial position and is able to meet its obligations without overburdening its finances.
How does an increase in liabilities of Progressive affect the company?
An increase in liabilities of Progressive can lead to the company having more obligations and potentially find it more difficult to meet its financial commitments.
How does a reduction in the liabilities of Progressive affect the company?
A decrease in the liabilities of Progressive can lead to the company having fewer obligations and a stronger financial position, which can make it easier for the company to fulfill its financial commitments.
What are some factors that influence the liabilities of Progressive?
Some factors that can influence the liabilities of Progressive include investments, acquisitions, operating costs, and sales development.
Why is the level of liabilities of Progressive so important for investors?
The liabilities of Progressive are important for investors as they serve as an indicator of the company's financial stability and provide investors with information on how the company meets its financial obligations.
What strategic measures can Progressive take to modify the liabilities?
To change its liabilities, Progressive can take measures such as cost savings, increasing revenue, selling assets, raising investments, or forming partnerships. It is important for the company to conduct a thorough review of its financial situation to choose the best strategic actions.
How much dividend does Progressive pay?
Over the past 12 months, Progressive paid a dividend of 0.4 USD . This corresponds to a dividend yield of about 0.15 %. For the coming 12 months, Progressive is expected to pay a dividend of 0.41 USD.
What is the dividend yield of Progressive?
The current dividend yield of Progressive is 0.15 %.
When does Progressive pay dividends?
Progressive pays a quarterly dividend. This is distributed in the months of February, May, August, November.
How secure is the dividend of Progressive?
Progressive paid dividends every year for the past 17 years.
What is the dividend of Progressive?
For the upcoming 12 months, dividends amounting to 0.41 USD are expected. This corresponds to a dividend yield of 0.15 %.
In which sector is Progressive located?
Progressive is assigned to the 'Finance' sector.
Wann musste ich die Aktien von Progressive kaufen, um die vorherige Dividende zu erhalten?
To receive the latest dividend of Progressive from 10/11/2024 amounting to 0.1 USD, you needed to have the stock in your portfolio before the ex-date on 10/3/2024.
When did Progressive pay the last dividend?
The last dividend was paid out on 10/11/2024.
What was the dividend of Progressive in the year 2023?
In the year 2023, Progressive distributed 0.4 USD as dividends.
In which currency does Progressive pay out the dividend?
The dividends of Progressive are distributed in USD.
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Andere Kennzahlen von Progressive
Our stock analysis for Progressive Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Progressive Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.
