Zacks Investment Research·1d ago
Progressive (PGR) Laps the Stock Market: Here's WhyProgressive (PGR) closed the most recent trading day at $210.96, moving +1.76% from the previous trading session.
Progressive demonstrates a robust fundamental outlook characterized by consistent revenue expansion and superior underwriting efficiency, as evidenced by a 2026Q1 combined ratio of 83.9%. While the company maintains a fortress balance sheet with equity growing...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Progressive maintains strong underwriting discipline, consistently achieving a combined ratio well below its 96% target, most recently reaching 83.9% in 2026Q1 despite an 8.7% year-over-year revenue growth rate.
Progressive’s usage‑based insurance leverages telematics and data analytics to personalize premiums, creating a significant data moat that enhances underwriting and customer retention. The company’s technology edge drives lower loss ratios and higher customer acquisition efficiency.
Progressive consistently outperforms peers in its combined ratio, reflecting superior underwriting and claims management. Profit margins have improved and earnings per share have grown substantially, underscoring operational excellence.
As the second‑largest personal auto insurer in the U.S., Progressive holds nearly 27 million personal auto policies in force. Its hybrid direct‑to‑consumer and independent‑agent distribution appeals to a broad customer base.
Trailing total returns as of 10/3/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Jul 15, 2026 | $4.85+4.5% vs $4.64 | $21.1B+8.2% vs $19.5B |
Q2 2026 Apr 15, 2026 | $4.81-0.8% vs $4.85 | $23.6B+2.9% vs $23.0B |
Q1 2026 Jan 28, 2026 | $4.67+5.2% vs $4.44 | $19.5B-3.9% vs $20.3B |
Q4 2025 Oct 15, 2025 | $4.05-18.8% vs $4.99 | $21.4B-1.9% vs $21.8B |
Progressive (PGR) closed the most recent trading day at $210.96, moving +1.76% from the previous trading session.
Progressive (PGR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Progressive (PGR) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Progressive (PGR) closed the most recent trading day at $209.47, moving +1.93% from the previous trading session.
Benchmark PGR against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for The Progressive Corporation (PGR)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $210.31 | $123.43B | 10.94 | 16.32% | 12.9% | 40.45% | 2.32% | |
| $223.74 | $57.6B | 5.86 | 4.64% | 19.24% | 43.16% | — | |
| $360.38 | $75.17B | 13.14 | 5.17% | 16.95% | 25.62% | — | |
| $126.05 | $34.55B | 9.46 | 7.1% | 15.03% | 22.99% | — | |
| $221.09 | $10.21B | 20.82 | 7.17% | 14% | 24.52% | — | |
| $25.67 | $1.51B | 11.21 | 3.62% | -10.83% | -19.42% | — |
The Progressive Corporation (PGR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
The Progressive Corporation (PGR) SEC filings — annual & quarterly reports (10-K, 10-Q)
Jul 15, 2026·SEC
Jun 17, 2026·SEC
May 20, 2026·SEC
Mar 2, 2026·SEC
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The Progressive Corporation (PGR) stock FAQ — growth, dividends, profitability & financials explained
The Progressive Corporation (PGR) grew revenue by 16.3% over the past year. This is strong growth.
Yes, The Progressive Corporation (PGR) is profitable, generating $11.56B in net income for fiscal year 2025 (12.9% net margin).
Yes, The Progressive Corporation (PGR) pays a dividend with a yield of 2.32%. This makes it attractive for income-focused investors.
The Progressive Corporation (PGR) has a return on equity (ROE) of 40.4%. This is excellent, indicating efficient use of shareholder capital.
The Progressive Corporation (PGR) has a combined ratio of 83.8%. A ratio below 100% indicates underwriting profitability.
