Progressive Debt 2024

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.

Debt Details

Understanding Progressive's Debt Structure

Progressive's total debt refers to the cumulative financial obligations the company owes to external parties. This can include short-term and long-term borrowings, bonds, loans, and other financial instruments. Assessing the company's debt levels is crucial for evaluating its financial health, risk profile, and ability to fund operations and expansions.

Year-to-Year Comparison

Analyzing Progressive's debt structure over the years provides insights into the firm’s financial strategy and stability. A reduction in debt can indicate financial strength and operational efficiency, while an increase may signal growth investments or potential financial challenges ahead.

Impact on Investments

Investors pay close attention to Progressive’s debt levels as they can influence the company’s risk and return profiles. Excessive debt can lead to financial strain, while moderate and well-managed debt can be a catalyst for growth and expansion, making it a critical aspect of investment evaluations.

Interpreting Debt Fluctuations

Shifts in Progressive’s debt levels can be attributed to various operational and strategic factors. An increase in debt might be geared towards funding expansion projects or enhancing operational capacity, while a decrease may indicate profit realizations or an approach to minimize financial risk and leverage.

Frequently Asked Questions about Progressive Stock

What is the debt of Progressive this year?

Progressive has a debt level of 6,888.6 USD this year.

What was the debt of Progressive compared to the previous year?

The debt of Progressive has increased by 15.17% compared to the previous year increased.

What are the consequences of high debt for investors in Progressive?

High debt can pose a risk for investors of Progressive, as it can weaken the company's financial position and hinder its ability to fulfill its obligations.

What are the consequences of low debt for investors of Progressive?

Low debt means that Progressive has a strong financial position and is able to fulfill its obligations without overburdening its finances.

How does an increase in debt from Progressive affect the company?

An increase in debt of Progressive can adversely affect the financial condition of the company and result in a higher burden on its finances.

How does a reduction of debt of Progressive affect the company?

A reduction in debt of Progressive can strengthen the company's financial position and improve its ability to meet its financial obligations.

What are some factors that influence the debt of Progressive?

Some factors that can influence the debt of Progressive include investments, acquisitions, operating costs, and revenue development.

Why are the debts of Progressive so important for investors?

The debts of Progressive are important for investors as they serve as an indicator of the company's financial stability. It provides investors with information on how the company fulfills its financial obligations.

What strategic measures can Progressive take to change the debt?

To change the debt, Progressive can take measures such as cost savings, increasing revenue, selling assets, making investments, or forming partnerships. It is important for the company to conduct a thorough review of its financial situation to determine the best strategic actions to change its debt.

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 0.2 %. 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 0.2 %.

When does Progressive pay dividends?

Progressive pays a quarterly dividend. This is distributed in the months of November, February, May, August.

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 0.2 %.

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 7/12/2024 amounting to 0.1 USD, you needed to have the stock in your portfolio before the ex-date on 7/3/2024.

When did Progressive pay the last dividend?

The last dividend was paid out on 7/12/2024.

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.