Progressive Corp-The
PGRCompany Overview
Progressive Corp. is an insurance holding company, which engages in the provision of personal and commercial auto insurance, residential property insurance, and other specialty property-casualty insurance and related services. It operates through the following segments: Personal Lines, Commercial Lines, and Property. The Personal Lines segment includes agency and direct businesses. The Commercial Lines segment writes primary liability and physical damage insurance for automobiles and trucks owned and operated predominately by small business in the auto, for-hire transportation, contractor, for-hire specialty, tow, and for-hire livery markets. The Property segment covers residential property insurance for homeowners, other property owners, and renters. The company was founded on March 10, 1937, and is headquartered in Mayfield Village, OH.
Shariah Compliance Benchmarks:
- Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
- Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
This stock does not meet all Shariah compliance criteria according to AAOIFI standards.
| Name | Progressive Corp-The |
| Ticker | PGR |
| Main Business | Insurance—Property & Casualty |
| Type | Common Stock |
| Industry | Insurance—Property & Casualty |
| Country | US |
| Market Cap | $93.31 B |
Shariah Analysis Breakdown
| Revenue Segment | Value ($M) | Non-Compliant ($M) | Reason |
|---|---|---|---|
| Personal Lines | $37,880.0 | $0.0 | - |
| Commercial Lines | $9,090.0 | $0.0 | - |
| Property | $2,270.0 | $0.0 | - |
| Fees and other revenues | $722.1 | $0.0 | - |
| Service businesses | $299.3 | $0.0 | - |
| Other indemnity | $2.7 | $0.0 | - |
| Investments | $-651.9 | $-651.9 | Investments |
| Interest income | $0.0 | $0.0 | - |
| Total | $49,612.2 | $-651.9 | -1.33% (passed) |
| Liability Item | Value ($M) | % of Market Cap |
|---|---|---|
| long term debt and capital lease obligation non current | $6,890,000,000.0 | 7.38% |
| Total Interest-Bearing Debt | $6,890,000,000.0 | 7.38% |
| Market Capitalization | $93,307,816,800.0 | 100.00% |
| Compliance Status | Threshold: 33% | passed |