Debt-to-Equity Ratio
Higher than 26% of Financial Services sector peers
Updated 21h ago
Sector Performance
26th percentilePGR
0.26x
Sector Median
0.41x
Sector Avg
0.70x
Deep Analysis
The Debt-to-Equity ratio compares a company’s total debt to its shareholders’ equity, showing how much it relies on borrowing versus investor capital.
Progressive’s ratio of 0.26x is well below the Financial Services sector median of 0.41x, placing it in the 26th percentile among peers — meaning most competitors carry more debt relative to equity. The metric has remained completely flat over the last eight quarters, with year-over-year and quarter-over-quarter changes both at +0.0%, reflecting a stable trend. Because the ratio is low and not rising, the company appears to have a conservative capital structure that reduces financial risk, but it also signals limited leverage for potential growth. This combination of a below-median level and a stable trend supports the overall NEUTRAL verdict — the metric does not indicate distress or opportunity, aligning with a balanced assessment.
Frequently Asked Questions
What does the Debt-to-Equity Ratio tell investors about PGR?
Shows how much a company is financing its operations through debt vs shareholder funds. High D/E can amplify returns — and losses.
How is the Debt-to-Equity Ratio calculated?
Debt-to-Equity Ratio is calculated as: Total Debt / Shareholders' Equity.
How does PGR's Debt-to-Equity Ratio compare to its sector?
PGR's Debt-to-Equity Ratio of 0.26x compares to a Financial Services sector median of 0.41x, placing it in the 26th percentile.
Who are PGR's closest peers by Debt-to-Equity Ratio?
The closest Financial Services peers by Debt-to-Equity Ratio include: RJF (0.43x), AIZ (0.38x), SPGI (0.44x), COF (0.45x), AFL (0.35x).
The Formula
Total Debt / Shareholders' Equity
Why It Matters
Shows how much a company is financing its operations through debt vs shareholder funds. High D/E can amplify returns — and losses.
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0.26x
Sector Median
0.41x
Sector Avg
0.70x
How PGR's Debt-to-Equity Ratio compares to sector peers.
Also Analyze
Not financial advice. Research tool only. Data may be delayed.