Progressive Historical Balance Sheet

PGR Stock  USD 265.88  0.18  0.07%   
Trend analysis of Progressive Corp balance sheet accounts such as Retained Earnings of 19.7 B, Common Stock Shares Outstanding of 620.5 M, Liabilities And Stockholders Equity of 22 B or Non Current Liabilities Total of 36.2 B provides information on Progressive Corp's total assets, liabilities, and equity, which is the actual value of Progressive Corp to its prevalent stockholders. By breaking down trends over time using Progressive Corp balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
 
Oil Shock
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Financial Statement Analysis is much more than just reviewing and examining Progressive Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Progressive Corp is a good buy for the upcoming year.

Progressive Corp Inventory

(75.34 Billion)

  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Progressive Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
To learn how to invest in Progressive Stock, please use our How to Invest in Progressive Corp guide.

About Progressive Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Progressive Corp at a specified time, usually calculated after every quarter, six months, or one year. Progressive Corp Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Progressive Corp and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Progressive currently owns. An asset can also be divided into two categories, current and non-current.

Progressive Corp Balance Sheet Chart

At this time, Progressive Corp's Total Liabilities is relatively stable compared to the past year. As of 11/26/2024, Other Assets is likely to grow to about 4.6 B, while Liabilities And Stockholders Equity is likely to drop slightly above 22 B.

Total Assets

Total assets refers to the total amount of Progressive Corp assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Progressive Corp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Cash

Cash refers to the most liquid asset of Progressive Corp, which is listed under current asset account on Progressive Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Progressive Corp customers. The amounts must be unrestricted with restricted cash listed in a different Progressive Corp account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most accounts from Progressive Corp's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Progressive Corp current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Progressive Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
To learn how to invest in Progressive Stock, please use our How to Invest in Progressive Corp guide.At this time, Progressive Corp's Total Liabilities is relatively stable compared to the past year. As of 11/26/2024, Other Assets is likely to grow to about 4.6 B, while Liabilities And Stockholders Equity is likely to drop slightly above 22 B.
 2021 2022 2023 2024 (projected)
Short and Long Term Debt Total9.8B6.5B6.9B7.2B
Total Assets71.1B70.2B28.3B22.0B

Progressive Corp balance sheet Correlations

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0.580.920.970.960.99-0.40.980.890.460.370.320.19-0.340.640.080.30.30.21-0.650.430.270.44-0.360.940.97
0.710.750.680.510.62-0.340.670.550.640.390.550.1-0.910.640.090.730.730.28-0.60.10.280.390.080.670.53
0.420.170.090.10.04-0.540.010.280.440.620.42-0.01-0.10.080.090.220.210.540.330.320.490.550.130.070.08
0.750.530.430.270.31-0.530.250.410.730.590.770.46-0.770.30.730.221.00.4-0.380.40.370.54-0.080.470.28
0.750.530.430.270.31-0.520.250.410.730.580.770.46-0.770.30.730.211.00.4-0.390.390.360.54-0.080.470.28
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0.540.490.510.580.46-0.760.290.670.450.770.440.290.080.430.10.320.40.390.64-0.160.690.82-0.490.510.55
0.480.350.390.390.29-0.940.170.630.410.910.32-0.2-0.130.270.280.490.370.360.990.10.690.92-0.020.30.33
0.640.520.550.550.46-0.960.340.750.560.970.50.09-0.230.440.390.550.540.540.9-0.080.820.92-0.190.520.52
-0.18-0.37-0.36-0.38-0.380.19-0.28-0.38-0.14-0.15-0.13-0.32-0.22-0.360.080.13-0.08-0.080.010.12-0.49-0.02-0.19-0.35-0.38
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0.550.880.971.00.98-0.460.930.920.440.440.310.25-0.220.970.530.080.280.280.28-0.620.550.330.52-0.380.94
Click cells to compare fundamentals

Progressive Corp Account Relationship Matchups

Progressive Corp balance sheet Accounts

201920202021202220232024 (projected)
Total Assets54.9B64.1B71.1B70.2B28.3B22.0B
Short Long Term Debt Total4.9B5.9B9.8B6.5B6.9B7.2B
Total Stockholder Equity13.7B17.0B18.2B15.9B20.3B21.3B
Net Debt4.2B5.3B4.7B6.3B7.0B7.3B
Retained Earnings10.7B13.4B15.3B15.7B18.8B19.7B
Common Stock Shares Outstanding586.7M587.2M587.6M587.1M587.5M620.5M
Liabilities And Stockholders Equity54.9B64.1B71.1B70.2B28.3B22.0B
Non Current Liabilities Total21.6B24.1B27.4B29.8B34.4B36.2B
Other Stockholder Equity1.6B1.7B1.8B1.9B2.0B2.1B
Total Liab41.2B47.1B52.9B54.3B8.0B15.6B
Property Plant And Equipment Net1.2B1.1B1.1B1.2B1.1B780.9M
Non Current Assets Total41.1B49.3B53.2B50.6B65.6M62.3M
Non Currrent Assets Other(70.3M)(86.9M)(65.1)(6.7B)(1.2B)(1.3B)
Other Assets(32.0B)(39.4B)(41.3B)1.04.4B4.6B
Net Receivables10.9B12.2B14.4B16.2B17.1B17.9B
Total Current Assets45.8B54.2B59.2B19.7B23.9B25.0B
Cash226.2M76.5M187.1M220.9M99.6M92.9M
Cash And Short Term Investments35.1B42.1B45.0B9.0B11.5B10.3B
Short Term Investments34.9B42.0B44.8B8.7B11.4B10.2B
Accumulated Other Comprehensive Income341.7M931.7M40.7M(2.8B)(1.6B)(1.5B)
Common Stock584.6M585.2M584.4M584.9M585.3M446.3M
Other Current Liab(6.5B)(5.0B)(6.0B)(5.5B)(311.8M)(296.2M)
Total Current Liabilities16.3B19.6B21.2B24.5B29.6B15.1B
Common Stock Total Equity583.2M584.6M585.2M584.4M672.1M445.3M
Property Plant And Equipment Gross1.1B1.1B1.2B1.1B1.3B834.7M
Other Liab5.9M9.5B8.0B297.8M268.0M254.6M
Accounts Payable6.0B5.0B6.0B5.5B6.4B6.7B
Long Term Debt4.4B5.4B4.9B6.4B6.9B7.2B
Property Plant Equipment1.2B1.1B1.3B1.2B1.3B1.0B
Retained Earnings Total Equity8.4B10.7B13.4B15.3B17.6B18.5B
Inventory(9.9B)(19.5B)(16.4B)(25.2B)(79.3B)(75.3B)
Intangible Assets228.3M171.4M117.3M314.2M1.7B1.8B
Net Tangible Assets12.7B15.9B17.7B15.1B17.3B10.6B
Long Term Debt Total4.4B5.4B4.9B6.4B7.3B3.8B
Capital Surpluse1.6B1.7B1.8B1.9B2.2B1.5B
Long Term Investments39.4B47.7B51.5B53.5B66.0B69.3B
Non Current Liabilities Other26.1B30.5B34.0B41.9B48.2B50.6B
Other Current Assets9.7B19.4B16.3B295.5M249.8M262.3M

Pair Trading with Progressive Corp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Progressive Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Progressive Corp will appreciate offsetting losses from the drop in the long position's value.

Moving together with Progressive Stock

  0.81AFG American FinancialPairCorr
The ability to find closely correlated positions to Progressive Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Progressive Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Progressive Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Progressive Corp to buy it.
The correlation of Progressive Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Progressive Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Progressive Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Progressive Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for Progressive Stock Analysis

When running Progressive Corp's price analysis, check to measure Progressive Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Progressive Corp is operating at the current time. Most of Progressive Corp's value examination focuses on studying past and present price action to predict the probability of Progressive Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Progressive Corp's price. Additionally, you may evaluate how the addition of Progressive Corp to your portfolios can decrease your overall portfolio volatility.