What is the equity of Progressive this year?
Progressive has equity of 20.28 B USD this year.
Progressive Equity 2024
Progressive Equity
20.28 B USD
Ticker
PGR
ISIN
US7433151039
WKN
865496
In 2024, Progressive's equity was 20.28 B USD, a 27.6% increase from the 15.89 B USD equity 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.Equity Details
Analyzing Progressive's Equity
Progressive's equity represents the ownership interest in the company, calculated as the difference between total assets and total liabilities. It reflects the residual claim by shareholders on the company’s assets after all debts have been paid. Understanding Progressive's equity is essential for assessing its financial health, stability, and value to shareholders.
Year-to-Year Comparison
Evaluating Progressive's equity over successive years offers insights into the company's growth, profitability, and capital structure. Increasing equity indicates an enhancement in net assets and financial health, while decreasing equity could point to rising debts or operational challenges.
Impact on Investments
Progressive's equity is a crucial element for investors, influencing the company's leverage, risk profile, and return on equity (ROE). Higher equity levels generally suggest lower risk and enhanced financial stability, making the company a potentially attractive investment opportunity.
Interpreting Equity Fluctuations
Fluctuations in Progressive’s equity can arise from various factors, including changes in net income, dividend payments, and issuance or buyback of shares. Investors analyze these shifts to gauge the company's financial performance, operational efficiency, and strategic financial management.
Frequently Asked Questions about Progressive stock
What was the equity of Progressive compared to the previous year?
The equity of Progressive has increased/decreased by 27.6% increased compared to the previous year.
What impact does a high equity have on investors of Progressive?
A high equity is advantageous for investors of Progressive as it is an indicator of the company's financial stability and its ability to manage risks and challenges.
What impact does low equity have on investors of Progressive?
A low equity can be a risk for investors of Progressive, as it can put the company in a weaker financial position and impair its ability to manage risks and challenges.
How does an increase in equity of Progressive affect the company?
An increase in equity of Progressive can strengthen the company's financial position and improve its ability to make investments in the future.
How does a reduction in the equity of Progressive affect the company?
A reduction in equity of Progressive can affect the financial situation of the company and lead to a higher dependence on debt capital.
What are some factors that influence the equity of Progressive?
Some factors that can affect the equity of Progressive include profits, dividend payments, capital increases, and acquisitions.
Why is the equity of Progressive so important for investors?
The equity of Progressive is important for investors as it is an indicator of the financial strength of the company and can be an indication of how well the company is able to fulfill its financial obligations.
What strategic measures can Progressive take to change the equity?
To change equity, Progressive can take various measures such as increasing profits, conducting capital increases, reducing expenses, and acquiring companies. It is important for the company to perform a thorough review of its financial situation to determine the best strategic actions to modify its equity.
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 March, 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.
