Progressive announces Q3 EPS of $4.45, below consensus estimate of $5.05
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 15 2025
0mins
Should l Buy PGR?
- Net Premiums Written: The company reported net premiums written of $21.4 billion, an increase from $19.5 billion the previous year.
- Net Premiums Earned: Net premiums earned rose to $20.8 billion, up from $18.3 billion last year.
- Combined Ratio: The combined ratio was reported at 89.5%, slightly higher than the 89% from the previous year.
- Year-over-Year Growth: Overall, the company experienced growth in both net premiums written and earned compared to the previous year.
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Analyst Views on PGR
Wall Street analysts forecast PGR stock price to rise
16 Analyst Rating
9 Buy
6 Hold
1 Sell
Moderate Buy
Current: 202.900
Low
214.00
Averages
257.11
High
328.00
Current: 202.900
Low
214.00
Averages
257.11
High
328.00
About PGR
The Progressive Corporation is an insurance holding company, which has insurance and non-insurance subsidiaries and affiliates. The Company’s segments include Personal Lines, Commercial Lines and Other indemnity. The Personal Lines segment writes insurance for personal autos and special lines products. Its special lines of products include recreational vehicles, such as motorcycles, RVs, and watercraft. Its Personal Lines products are sold through both the agency and direct channels. The Commercial Lines segment writes auto-related liability and physical damage insurance, business-related general liability and commercial property insurance predominately for small businesses, and workers’ compensation insurance primarily for the transportation industry. Its reinsurance activity includes both transactions which are regulated and those that are non-regulated. It offers shopping tools and services, such as Name Your Price, Snapshot, and HomeQuote Explorer.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Stable Outlook: The stable outlook for these ratings suggests that AM Best expects Progressive's financial leverage and interest coverage metrics to remain within the guidelines for the assigned ratings, thereby bolstering investor confidence.
- Clear Use of Proceeds: Progressive intends to utilize the proceeds from these bond issuances for general corporate purposes, a strategy that will help the company maintain flexibility and financial stability in its future operations and expansions.
- Unchanged Ratings: The Long-Term Issuer Credit Rating for Progressive and the ratings and outlooks on its other debt issuances remain unchanged, reflecting the company's ongoing competitiveness and sound financial management in the insurance market.
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AM Best Assigns Excellent Rating to Progressive Corporation
- Credit Rating Assignment: AM Best has assigned an 'a' (Excellent) Long-Term Issuer Credit Rating to Progressive's $500 million 4.60% and $1 billion 5.15% senior unsecured notes, indicating the company's robust position and financial health in the insurance sector.
- Stable Outlook: The stable outlook for these ratings suggests that AM Best expects Progressive's financial leverage and interest coverage metrics to remain within the guidelines for the assigned ratings, thereby bolstering investor confidence.
- Clear Use of Proceeds: Progressive intends to utilize the proceeds from these bond issuances for general corporate purposes, a strategy that will help the company maintain flexibility and financial stability in its future operations and expansions.
- Unchanged Ratings: The Long-Term Issuer Credit Rating for Progressive and the ratings and outlooks on its other debt issuances remain unchanged, reflecting the company's ongoing competitiveness and sound financial management in the insurance market.
See More
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- Impact of War on Monetary Policy: Federal Reserve rate cuts are being influenced by the ongoing war with Iran, leading to rising oil prices.
- Investment Strategy: Investors are advised to seek stocks that can perform well even if the Federal Reserve maintains current interest rates.
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Rising Oil Prices: The war has contributed to an increase in oil prices, affecting economic conditions and investor sentiment.
Investment Strategy: Investors are advised to seek stocks that can perform well even in a stable interest rate environment.
Market Outlook: The current economic climate suggests a need for strategic investment choices amidst geopolitical tensions and fluctuating oil prices.
See More
Progressive Corp. Successfully Prices $1.5 Billion Senior Notes Offering
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- Maturity Details: The 4.60% notes are due in 2031, while the 5.15% notes mature in 2036, providing the company with a long-term financing structure that supports liquidity and financial stability in the coming years.
- Market Reaction: Following the announcement, Progressive's stock closed down 0.44% at $205.10 on the New York Stock Exchange, indicating a cautious market response that could affect investor confidence in the company.
- Registration Statement Context: This offering is conducted under an effective shelf registration statement filed in May 2024, highlighting the company's ongoing compliance and transparency in the capital markets, which enhances investor trust.
See More
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- Strategic Alliance: Berkshire Hathaway has established a partnership with a leading property and casualty insurer.
- Industry Impact: This collaboration is expected to enhance Berkshire Hathaway's position in the insurance market.
- Reputation: The chosen insurer is recognized as one of the best-managed companies in the industry.
- Future Prospects: The alliance may lead to innovative insurance solutions and improved service offerings.
See More
Berkshire Acquires New Investment in Japan's 'Crown Jewel' Insurer.
- Strategic Alliance: Berkshire Hathaway has formed a strategic alliance with a leading property and casualty insurer.
- Industry Impact: This partnership is expected to enhance Berkshire Hathaway's position in the insurance market.
- Reputation: The insurer involved is recognized as one of the best-run companies in its sector.
- Future Prospects: The collaboration may lead to new opportunities and innovations in insurance offerings.
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