Progressive
Financials
Estimates*
| USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Revenues | 42.6b | 47.7b | 49.6b | 62.1b | 74.0b | 84.5b | 94.1b |
| % growth | 9 % | 12 % | 4 % | 25 % | 19 % | 14 % | 11 % |
| EBITDA | - | - | - | 4.5b | 6.6b | 8.3b | - |
| % EBITDA margin | - | - | - | 7 % | 9 % | 10 % | - |
| Profit | 5.7b | 3.4b | 722m | 3.9b | 7.3b | 7.6b | 7.8b |
| % profit margin | 13 % | 7 % | 1 % | 6 % | 10 % | 9 % | 8 % |
| EV / revenue | 1.4x | 1.3x | 1.6x | 1.6x | 2.0x | 1.8x | 1.6x |
| EV / EBITDA | - | - | - | 22.3x | 22.2x | 17.7x | - |
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €751m | IPO | |
| N/A | N/A | IPO | |
* | N/A | $500m | Post IPO Debt |
| Total Funding | - | ||
Related Content
Recent News about Progressive
EditProgressive Corporation is a leading insurance company that offers a wide range of insurance products to individuals and businesses. The company operates primarily in the United States and serves a diverse clientele, including individuals, families, and commercial entities. Progressive is well-known for its innovative approach to insurance, providing customized coverage options and various ways for customers to save money.
Progressive's business model is centered around offering a variety of insurance products, including auto, home, renters, condo, motorcycle, boat, RV, and commercial vehicle insurance. They also provide specialized insurance for items such as ATVs, golf carts, and snowmobiles. Additionally, Progressive offers health, dental, vision, pet, travel, and life insurance, making it a comprehensive provider for all insurance needs.
The company makes money by underwriting insurance policies and collecting premiums from policyholders. They also offer bundling options, where customers can combine multiple insurance policies (e.g., auto and home) to receive discounts, which encourages customers to purchase more than one type of insurance from Progressive. This bundling strategy not only provides savings to customers but also increases the company's revenue.
Progressive is known for its user-friendly online platform, where customers can get insurance quotes in minutes, manage their policies, and access 24/7 support. The company also offers tools like the "Name Your Price" tool and "Snapshot," which help customers find the best rates and potentially lower their premiums based on their driving habits.
In summary, Progressive Corporation is a top-rated insurance provider that offers a wide range of insurance products to individuals and businesses. They operate in the U.S. market and focus on providing customized coverage options and savings through bundling. The company generates revenue by underwriting policies and collecting premiums, while their innovative tools and online platform enhance the customer experience.
Keywords: insurance, auto, home, bundling, savings, customized coverage, online quotes, 24/7 support, commercial vehicles, innovative tools.
