The Progressive Corporation
The Progressive Corporation operates as an insurance company in the United States. It writes insurance for personal autos and special lines products, including motorcycles, RVs, and watercraft; and personal residential property insurance for homeowners and renters. The company also writes auto-related liability and physical damage insurance for comprising dump trucks, log trucks, garbage trucks, … Read more
The Progressive Corporation (P1GR34) - Net Assets
Latest net assets as of September 2025: R$35.45 Billion BRL
Based on the latest financial reports, The Progressive Corporation (P1GR34) has net assets worth R$35.45 Billion BRL as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (R$121.53 Billion) and total liabilities (R$86.09 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | R$35.45 Billion |
| % of Total Assets | 29.16% |
| Annual Growth Rate | 15.42% |
| 5-Year Change | 50.19% |
| 10-Year Change | N/A |
| Growth Volatility | 14.9 |
The Progressive Corporation - Net Assets Trend (2018–2024)
This chart illustrates how The Progressive Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for The Progressive Corporation (2018–2024)
The table below shows the annual net assets of The Progressive Corporation from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | R$25.59 Billion | +26.21% |
| 2023-12-31 | R$20.28 Billion | +27.60% |
| 2022-12-31 | R$15.89 Billion | -12.84% |
| 2021-12-31 | R$18.23 Billion | +7.00% |
| 2020-12-31 | R$17.04 Billion | +24.61% |
| 2019-12-31 | R$13.67 Billion | +26.35% |
| 2018-12-31 | R$10.82 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to The Progressive Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 189.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | R$24.28 Billion | 94.89% |
| Common Stock | R$586.00 Million | 2.29% |
| Other Components | R$722.00 Million | 2.82% |
| Total Equity | R$25.59 Billion | 100.00% |
The Progressive Corporation Competitors by Market Cap
The table below lists competitors of The Progressive Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Arthur J Gallagher & Co
NYSE:AJG
|
$52.50 Billion |
|
Target Corporation
NYSE:TGT
|
$52.60 Billion |
|
Fortinet Inc
NASDAQ:FTNT
|
$52.86 Billion |
|
Loblaw Companies Limited
PINK:LBLCF
|
$52.95 Billion |
|
Nu Holdings Ltd
NYSE:NU
|
$52.38 Billion |
|
Airbnb Inc
NASDAQ:ABNB
|
$52.33 Billion |
|
Fastenal Company
NASDAQ:FAST
|
$52.30 Billion |
|
VINCI SA
PINK:VCISF
|
$52.29 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in The Progressive Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 20,277,100,000 to 25,591,000,000, a change of 5,313,900,000 (26.2%).
- Net income of 8,480,000,000 contributed positively to equity growth.
- Dividend payments of 682,000,000 reduced retained earnings.
- Share repurchases of 634,000,000 reduced equity.
- Other factors decreased equity by 1,850,100,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | R$8.48 Billion | +33.14% |
| Dividends Paid | R$682.00 Million | -2.66% |
| Share Repurchases | R$634.00 Million | -2.48% |
| Other Changes | R$-1.85 Billion | -7.23% |
| Total Change | R$- | 26.21% |
Book Value vs Market Value Analysis
This analysis compares The Progressive Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 12.54x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 29.51x to 12.54x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | R$18.56 | R$547.54 | x |
| 2019-12-31 | R$23.39 | R$547.54 | x |
| 2020-12-31 | R$29.12 | R$547.54 | x |
| 2021-12-31 | R$31.20 | R$547.54 | x |
| 2022-12-31 | R$27.17 | R$547.54 | x |
| 2023-12-31 | R$34.64 | R$547.54 | x |
| 2024-12-31 | R$43.67 | R$547.54 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently The Progressive Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 33.14%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.26%
- • Asset Turnover: 0.71x
- • Equity Multiplier: 4.13x
- Recent ROE (33.14%) is above the historical average (23.14%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 24.17% | 8.18% | 0.69x | 4.30x | R$1.53 Billion |
| 2019 | 29.04% | 10.18% | 0.71x | 4.01x | R$2.60 Billion |
| 2020 | 33.48% | 13.38% | 0.67x | 3.76x | R$4.00 Billion |
| 2021 | 18.38% | 7.03% | 0.67x | 3.90x | R$1.53 Billion |
| 2022 | 4.54% | 1.46% | 0.66x | 4.75x | R$-867.60 Million |
| 2023 | 19.25% | 6.29% | 0.70x | 4.37x | R$1.87 Billion |
| 2024 | 33.14% | 11.26% | 0.71x | 4.13x | R$5.92 Billion |
Industry Comparison
This section compares The Progressive Corporation's net assets metrics with peer companies in the Insurance - Property & Casualty industry.
Industry Context
- Industry: Insurance - Property & Casualty
- Average net assets among peers: $73,757,000,000
- Average return on equity (ROE) among peers: 13.98%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| The Progressive Corporation (P1GR34) | R$35.45 Billion | 24.17% | 2.43x | $52.48 Billion |
| Chubb Limited (C1BL34) | $73.76 Billion | 13.98% | 2.69x | $25.25 Billion |