What does medical costs mean?

The total costs incurred by an insurer for claims, medical services, and loss adjustment expenses related to policyholder coverage. This represents the primary cost of goods sold for an insurance entity.

Progressive PGR Medical costs

Other financials

Income statement

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Revenue$22.2B+8.7%

Net income$2.8B+9.8%

EPS (diluted)$4.80+9.8%

Balance sheet

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Cash & equivalents$162.0M-16.9%

Total debt$8.4B+21.6%

Total equity$32.0B+10.7%

Total assets$122.21B+9.7%

Cash flow

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Operating cash flow$4.4B-15.1%

CapEx$63.0M+6.8%

Free cash flow$4.3B-15.3%

Valuation

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Market cap$127.18B-11.8%

Enterprise value$135.41B-10.4%

P/E11×-2.8×

P/S1.4×-0.3×

Profitability

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Net margin12.9%+1.8pp

FCF margin18.4%-1.7pp

Returns & leverage

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Return on equity37.9%+3.6pp

Debt / equity0.3×0.0×

Questions, answered.

What does medical costs mean?: The total costs incurred by an insurer for claims, medical services, and loss adjustment expenses related to policyholder coverage. This represents the primary cost of goods sold for an insurance entity.