The Progressive Corporation

PGR • Insurance - Property & Casualty

$218.49

— 0.00 (0.00%)

EarningsLatest report: Sep 30, 2026

HIGHLY FAVORABLE PROFILEExcellentConfidence: 70%

Quantitative profile — not an investment recommendation.

Quantitative profile — not an investment recommendation.Methodology

Analysis thesis: Strong business quality with supportive growth and cash-flow evidence. Valuation still matters, but the historical ratio profile is favorable.

Market Cap

$127.20B

Growth

14.7%

Cash Flow

5/5

Trend

Stable

Evidence

Stable or improving margins · 12.9%Positive revenue growth · 16.3%Positive free cash flow · 29.34Consistent free cash flow · 5/5Reasonable earnings multiple · 11.81

Financial data as of: Sep 30, 2026, 12:00 AM UTCLast earnings update: Sep 30, 2026, 12:00 AM UTCLast profile update: Oct 16, 2026, 12:10 PM UTC

Company Snapshot

Key valuation, quality, financial strength, momentum and analyst data.

Price$218.49

Change0.00%

Shares Out582.20M

Market Cap$127.20B

Enterprise Value$40.83B

52W Range189.20 - 239.38

Beta0.26

P/E10.95

P/S1.39

P/B25.91

P/FCF7.97

EV/Sales0.45

Price$218.49

Change0.00%

Shares Out582.20M

Market Cap$127.20B

Enterprise Value$40.83B

52W Range189.20 - 239.38

Beta0.26

P/E10.95

P/S1.39

P/B25.91

P/FCF7.97

EV/Sales0.45

EV/EBITDA2.69

EV/FCF2.56

Earnings Yield9.14%

FCF Yield12.54%

Dividend Yield6.32%

Gross Margin29.47%

Oper. Margin16.23%

Profit Margin12.90%

Debt/Eq0.23

Current Ratio0.59

Quick Ratio0.59

Revenue 5Y14.75%

Target$222.92

Target Upside2.03%

Target Median$228.00

Target Range196.00 - 245.00

Volume3.47M

Avg Volume2.96M

EPS Surprise0.11

Investment DNA

How strong this company looks for long-term investors

out of 100

Business Quality

Margins, moat, returns

77/100

Financial Strength

Debt, cash, stability

58/100

Growth Potential

Revenue and expansion

95/100

Price Attractiveness

Cheap or expensive today

84/100

Why this score▼

Stable or improving margins · 12.9%Positive revenue growth · 16.3%Positive free cash flow · 29.34Consistent free cash flow · 5/5Reasonable earnings multiple · 11.81Manageable debt level · 0.23

Analyst view

Analyst sentiment and price target

PGR

Analyst sentiment

Based on 42 analyst votes · 2026-10-18

64/100

Neutral

Bullish

Hold

Bearish

Price Target

2026-10-16

Low

$196.00

Mean

$222.92

Median

$228.00

High

$245.00

Company Overview

IPO: 3/17/1980

Industry: Insurance - Property & Casualty

P/B i: 25.91

Debt / Equity i: 0.23

Operating Margin: 16.23%

Net Margin: 12.90%

ROE i: -

ROIC: -

Financial Health

Score12 / 20

Debt / Equity: 0.23

Current Ratio: 0.59

Quick Ratio: 0.59

Status: Good

Warnings

Weak Liquidity
Weak quick ratio

Insider Transactions

Recent executive and insider activity

Bailo Karen

Transaction: 10/09/2026

BUY

Change

—

Price

Not reported

Filing

10/13/2026

Type

BUY

Bauer Jonathan S.

Transaction: 10/09/2026

BUY

Change

—

Price

Not reported

Filing

10/13/2026

Type

BUY

Broz Steven

Transaction: 10/09/2026

BUY

Change

—

Price

Not reported

Filing

10/13/2026

Type

BUY

Insider	Type	Change	Price	Transaction	Filing
Bailo Karen	BUY	—	Not reported	10/09/2026	10/13/2026
Bauer Jonathan S.	BUY	—	Not reported	10/09/2026	10/13/2026
Broz Steven	BUY	—	Not reported	10/09/2026	10/13/2026
Callahan Patrick K	BUY	—	Not reported	10/09/2026	10/13/2026
Callahan Patrick K	BUY	—	Not reported	10/09/2026	10/13/2026
Clawson William L. II	BUY	—	Not reported	10/09/2026	10/13/2026
DAY HEATHER E	BUY	—	Not reported	10/09/2026	10/13/2026
Griffith Susan Patricia	BUY	—	Not reported	10/09/2026	10/13/2026
Joyce Carl G	BUY	—	Not reported	10/09/2026	10/13/2026
Murphy John Jo	BUY	—	Not reported	10/09/2026	10/13/2026
Niederst Lori A	BUY	—	Not reported	10/09/2026	10/13/2026
Pumarejo Maribel	BUY	—	Not reported	10/09/2026	10/13/2026
Quigg Andrew J	BUY	—	Not reported	10/09/2026	10/13/2026
Stringer David M	BUY	—	Not reported	10/09/2026	10/13/2026
Stringer David M	BUY	—	Not reported	10/09/2026	10/13/2026
WITALEC DANIEL J	BUY	—	Not reported	10/09/2026	10/13/2026
Bleser Philip	BUY	—	Not reported	10/09/2026	10/13/2026
Craig Pamela J.	BUY	—	Not reported	10/09/2026	10/13/2026
DAVIS CHARLES A	BUY	—	Not reported	10/09/2026	10/13/2026
DAVIS CHARLES A	BUY	—	Not reported	10/09/2026	10/13/2026

About the Company

The Progressive Corporation

The Progressive Corporation, an insurance holding company, offers a comprehensive range of insurance products and associated services across the United States. Its portfolio includes personal and commercial vehicle coverage, residential and commercial property protection, general liability, and various other specialized property-casualty insurance options. The company's operations are structured into three main divisions: Personal Lines, Commercial Lines, and Property. Within the Personal Lines segment, Progressive provides coverage for individual automobiles and recreational vehicles. Offerings range from standard personal auto policies to specialized options for motorcycles, all-terrain vehicles (ATVs), RVs, watercraft, snowmobiles, and similar forms of personal transport. The Commercial Lines division focuses on providing primary liability and physical damage insurance for business vehicles, alongside general liability and property insurance tailored for commercial applications. This segment insures a diverse array of vehicles, including cars, vans, pickup trucks, and dump trucks for small businesses; tractors, trailers, and straight trucks for regional freight, expedited shipping, and long-haul transport companies; heavy-duty vehicles like dump trucks, log trucks, and garbage trucks used in industries such as construction, logging, and mining; and tow trucks and wreckers for towing and service stations, as well as various non-fleet taxis and premium car services. The Property segment offers residential insurance solutions for homeowners, other property owners, and renters. Its portfolio further extends to include personal umbrella policies and both primary and excess flood insurance. Beyond underwriting, the company facilitates policy issuance and claims adjusting. It also serves as an agent for various additional insurance products, such as homeowner general liability and workers' compensation, and provides reinsurance services. Progressive's products are distributed through independent insurance agencies, as well as directly to consumers via its online platforms (including mobile access) and telephone channels. Established in 1937, The Progressive Corporation maintains its headquarters in Mayfield, Ohio.

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Peers

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1Y peer performance

Top performers + selected company

Latest news

Progressive: A Great Insurer, But Slowing Growth Justifies A 'Hold'

The Progressive Corp. is rated a 'Hold,' reflecting strong underwriting and durable demand but tempered by slowing premium growth and uncertain earnings momentum. PGR's Q3 2026 combined ratio improved to 88.7%, yet net premiums written grew just 4% YoY, with September monthly growth slowing to 2%. Valuation appears fair at a trailing P/E of 10.7x, but a weaker forward EPS outlook could pressure the multiple and limit upside.

Seeking Alpha

These Analysts Slash Their Forecasts On Progressive After Q3 Results

Progressive Corp (NYSE:PGR) on Wednesday reported mixed third-quarter financial results.

Benzinga

Progressive Stock Has Turned $10,000 Into More Than $90,000 in 10 Years

Progressive is the leading auto insurer in the U.S., jumping into first place this year. It has beat its target goal of a 96% combined ratio for the part decade.

The Motley Fool

The Progressive Q3 Panic Is Overdone

The Progressive's Q3 was a disappointment, but it isn't a sell signal for me. I'm still holding my shares, and I am maintaining my buy rating. Premium growth came in at 1%, auto policies dropped 31,000 in a month, and the underlying loss ratio hit 68.7, the highest in two years. The combined ratio sits at 88.7, or 91.1 without reserve releases, well under the sub-96 target. Every segment is under 96.

Seeking Alpha

13 Graham Value Dividend All-Stars (GVAS) Shine In October

October's top GVAS dividend stocks offer projected net gains of 27.17% to 67.83% by October 2027, with an average estimated return of 42.47%. Thirteen of twenty-seven 'safer' lowest-priced GVAS stocks are currently fair-priced and considered ideal for purchase, balancing positive free cash flow and dividend yields. Yield-focused strategies highlight energy and shipping names, but caution is advised for stocks paying dividends from borrowed funds or with negative free cash flow margins.

Seeking Alpha

Earnings Surprises

Period	Estimate	Actual	Surprise
2026-04-15	4.85	4.96	0.11
2026-01-28	4.44	4.67	0.23
2025-10-15	4.99	4.05	-0.94
2025-07-16	4.43	4.88	0.45
2025-04-16	4.79	4.65	-0.14
2025-01-29	3.57	4.08	0.51
2024-10-15	3.69	3.58	-0.11
2024-07-16	2.05	2.65	0.6
2024-05-15	3.21	3.73	0.52
2024-01-24	2.38	2.96	0.58
2023-10-13	1.71	2.09	0.38
2023-07-13	0.88	0.5	-0.38