Progressive Corp.

Progressive Corp.

PGR

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Market Cap$111.26B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Progressive Corp.Progressive Corp.9.67.3%250%1.4-

Earnings Call Q4 2025

March 3, 2026 - AI Summary

Strong Financial Performance: In 2025, Progressive reported nearly $13 billion in comprehensive income, achieving a comprehensive return on equity of 40%. The company added nearly $9 billion in net premiums written and approximately 3.7 million new policies, resulting in a total market share increase to around 18.5% in the private passenger auto market. This notable growth followed a successful year in 2024.
Operational Efficiency Focus: Progressive aims to operate with less than or equal to a 96 combined ratio while providing high-quality customer service. Strong underwriting discipline remains a key driver of success, allowing significant profits even amidst challenging market conditions.
Flexible Capital Allocation: The company has a variable dividend policy that enables it to return capital to shareholders based on current capital levels and future growth expectations. A dividend of $13.50 per share was declared, alongside plans for increased share buybacks due to favorable share prices. This reflects a strong capital generation position with $13 billion held at year-end 2025.

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$224.54

Target Price by Analysts

16.1% upsideProgressive Target Price DetailsTarget Price
$59.37

Current Fair Value

69.3% downside

Overvalued by 69.3% based on the discounted cash flow analysis.

Share Statistics

Market cap$111.26 Billion
Enterprise Value$111.26 Billion
Dividend Yield$13.90 (7.30%)
Earnings per Share$19.29
Beta0.3
Outstanding Shares585,600,000

Return

Return on Equity249.51%ROE
Return on Assets8.52%
Return on Invested Capital10.77%

Valuation & Multiples

P/E Ratio9.65P/E Ratio
PEG-PEG
Price to Sales1.39Price to Sales
Price to Book Ratio3.58Price to Book Ratio
Enterprise Value to Revenue1.36
Enterprise Value to EBIT8.45
Enterprise Value to Net Income10
Total Debt to Enterprise0
Debt to Equity0Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
April 15, 2026
EPS Estimate
$4.85
Average shareholder expectation
Revenue Estimate
$22.98 B
Average shareholder expectation

Next Earnings Call

Expected Date
July 15, 2026
EPS Estimate
$3.74
Average shareholder expectation
Revenue Estimate
$21.69 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.6788 28.17%
Total Calls1,638,500 19.70%
Total Puts1,112,200 43.26%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %86.63% 0.21%
Total Invested$100.49B 13.06%
Investors Holding1,796 84.00%

ESG Score

No data

About Progressive Corp.

CEO: Susan Griffith

Relevant Senate Committees

Joint Committee on Taxation

This committee's role in developing and analyzing tax legislation, including providing official revenue estimates, gives its members unique insight into potential changes in corporate tax structures and the overall tax burden that directly affects Progressive's financial planning and profitability.

Finance

This committee controls taxation, trade, and entitlement spending. Its decisions on corporate tax policy directly impact Progressive's profitability, investment returns, and overall valuation.

Banking, Housing, and Urban Affairs

This committee has broad oversight of the financial system, including potential systemic risk designation for large insurers, and influences real estate markets (HUD), which are critical for property insurance valuations and related financial stability.

Commerce, Science, and Transportation

This committee's jurisdiction over the FTC (consumer protection, advertising), data privacy laws, and interstate commerce directly impacts how Progressive conducts business, markets its services, and handles customer data.