Progressive/$PGR

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About Progressive

Progressive underwrites private and commercial auto insurance and specialty lines; it has almost 27 million personal auto policies in force and is one of the largest auto insurers in the United States. Progressive markets its policies through independent insurance agencies in the US and Canada and directly via the internet and telephone. Its premiums are split between the agent and the direct channel. The company also offers commercial auto policies and entered homeowners insurance through an acquisition in 2015.
Ticker
$PGR
Sector
Finance
Primary listing
NYSE
Employees
70,053

Progressive Metrics

BasicAdvanced
$127B
10.92
$19.93
0.26
$13.90
0.18%

What the Analysts think about Progressive

Analyst ratings (Buy, Hold, Sell) for Progressive stock.
Analyst projections of the future price of Progressive stock.

Bulls say / Bears say

Progressive reported second-quarter net income of $3.3 billion, or $5.67 per share, up from $3.2 billion, or $5.40 a year earlier, underscoring robust profitability growth. (Reuters)
Net premiums written increased 5% year-over-year to $21.1 billion in Q2 2026, reflecting solid top-line expansion in a competitive auto insurance market. (Reuters)
The insurer’s personal auto policies in force grew 8% year-over-year to 38.9 million as of June 30, demonstrating continued market share gains. (Reuters)
Progressive’s June combined ratio deteriorated to 90.0% compared to 86.6% a year earlier, marking a 3.4-point increase and signaling underwriting margin compression. (SEC filing)
Net income for June fell 31% year-over-year to $779 million, illustrating significant earnings volatility driven by elevated loss costs. (SEC filing)
Following Q2 results, Progressive’s share price dropped 4% as investors reacted to the June combined ratio rise, underscoring concerns over margin erosion. (Reuters)
Data summarised monthly by Lightyear AI. Last updated on 6 Sept 2026.

Progressive Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Progressive Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
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