Progressive/$PGR
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Capital at risk
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
- Headquarters
- Mayfield, United States
- Website
- www.progressive.com
Progressive Metrics
BasicAdvanced
$133B
11.55
$19.85
0.24
$13.90
0.17%
Price and volume
Market cap
$133B
Beta
0.24
52-week high
$239.38
52-week low
$189.20
Average daily volume
3M
Dividend rate
$13.90
Financial strength
Current ratio
0.279
Quick ratio
0.232
Long term debt to equity
0.243
Total debt to equity
0.243
Interest coverage (TTM)
47.79%
Profitability
EBITDA (TTM)
15,336
Gross margin (TTM)
17.28%
Net profit margin (TTM)
12.67%
Operating margin (TTM)
16.37%
Effective tax rate (TTM)
20.90%
Revenue per employee (TTM)
$1,310,000
Management effectiveness
Return on assets (TTM)
7.53%
Return on equity (TTM)
33.24%
Valuation
Price to earnings (TTM)
11.549
Price to revenue (TTM)
1.46
Price to book
3.85
Price to tangible book (TTM)
3.85
Dividend yield (TTM)
6.06%
Forward dividend yield
0.17%
Growth
Revenue change (TTM)
7.67%
Earnings per share change (TTM)
8.95%
3-year revenue growth (CAGR)
16.06%
10-year revenue growth (CAGR)
14.99%
3-year earnings per share growth (CAGR)
62.81%
10-year earnings per share growth (CAGR)
28.08%
3-year dividend per share growth (CAGR)
-37.00%
10-year dividend per share growth (CAGR)
-19.62%
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 continues to add customers at scale: policies in force rose 6% year on year to 40.5 million in September, led by 8% growth in direct auto. This gives the insurer a growing base from which to earn future premiums. (Progressive)
Underwriting remains highly profitable, with the third-quarter combined ratio improving to 88.7% from 89.5% a year earlier. A ratio below 100% means premiums exceeded claims and expenses. (Progressive)
Progressive says its property business is positioned to grow in 41 states, covering 82% of the US property market, after reducing exposure in higher-risk areas. Its property combined ratio was 78% in the first half of 2026, offering a potential growth engine beyond auto. (MarketBeat)
Policy growth has slowed from 16% a year earlier to 8% in the second quarter, while personal-auto customers are renewing for shorter periods. More customer turnover can mean higher marketing costs to sustain growth. (Investing.com, Progressive)
Underwriting margins came under pressure in the second quarter: the combined ratio rose to 87.3% from 86.2%, as both the claims and expense ratios increased. Persistently higher claim and acquisition costs could erode profitability if premiums do not keep pace. (SEC)
Investment-market swings added to earnings volatility: third-quarter net income fell 3% to $2.54 billion, despite higher premiums, as Progressive recorded $170 million in realised securities losses compared with gains a year earlier. (Progressive)
Data summarised monthly by Lightyear AI. Last updated on 14 Oct 2026.
Progressive Financial Performance
Revenues and expenses
Progressive Earnings Performance
Company profitability
Upcoming events
No upcoming events
Progressive News
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Funds containing Progressive
AllUSDEURGBP
Fund name | Fund size | $PGR weighting |
|---|---|---|
iShares MSCI USA Quality Dividend ESG£HDIQ | $784M | 2.01% |
iShares MSCI USA Quality Dividend Advanced$QDIV | $784M | 2.01% |
iShares S&P 500 Financials Sector$IUFS | $2.5B | 1.68% |
iShares S&P 500 Financials Sector£UIFS | $2.4B | 1.68% |
Invesco Financials S&P US Select Sector$XLFS | $396M | 1.60% |
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