The Progressive Corporation is an American insurance company, one of the largest providers of car insurance in the United States. The company insures motorcycles, boats, RVs, and commercial vehicles and provides home insurance through select companies.
| Revenue (TTM) | $91.70B |
| Gross Profit (TTM) | $15.85B |
| EBITDA | $15.34B |
| Operating Margin | 14.30% |
| Return on Equity | 33.20% |
| Return on Assets | 7.53% |
| Revenue/Share (TTM) | $157.05 |
| Book Value | $59.56 |
| Price-to-Book | 3.92 |
| Price-to-Sales (TTM) | 1.44 |
| EV/Revenue | 1.563 |
| EV/EBITDA | 21.85 |
| Quarterly Earnings Growth (YoY) | -1.80% |
| Quarterly Revenue Growth (YoY) | 3.00% |
| Shares Outstanding | $579.36M |
| Float | $577.11M |
| % Insiders | 0.24% |
| % Institutions | 90.06% |
Volatility is currently contracting
Zacks.com users have recently been watching Progressive (PGR) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
For much of 2026, Wall Street piled into the technology giants that drive the benchmark S&P 500 and left insurers in the background.
Progressive NYSE: PGR reported continued premium and policy growth in the third quarter of 2026 while emphasizing underwriting discipline, technology investment and expansion opportunities in bundled auto and home insurance, commercial lines and small business coverage.
Elon Musk just called a $1.5 trillion crash-cost reduction claim credible, and auto insurers have no idea the market has not priced in what that means for the dividends retirees depend on.
MAYFIELD VILLAGE, OHIO, Oct. 27, 2026 (GLOBE NEWSWIRE) -- As previously announced, The Progressive Corporation (NYSE: PGR) will host an Investor Relations conference call on Tuesday, November 3, 2026, beginning at 9:30 a.m. eastern time. This quarterly call, which will consist of both a conference call and audio-only webcast, is scheduled to last 60 minutes and will consist of a question-and-answer session with Tricia Griffith, our CEO, and Andrew Quigg, our CFO. Call-in participants will be able to ask questions via phone, however, webcast participants will not be able to submit questions online.
Progressive (PGR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
PGR's rising auto premiums, expanding policy base and improved underwriting profitability support growth as competition intensifies in the U.S. auto market.
Progressive (PGR) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
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.
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.
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