Progressive Insurance Outperforms Market Significantly
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Should l Buy PGR?
Source: Fool
- Profitability Surge: Progressive Insurance saw its earnings per share soar from $14.40 to $19.23 in 2025, showcasing its robust profitability and effective risk pricing strategy, which further solidifies its leadership position in the insurance sector.
- Significant Policy Growth: The company added 3.7 million new policies in 2025, resulting in an additional $9 billion in written premiums compared to the previous year, indicating strong market demand and its ability to effectively attract new customers and expand market share.
- Robust Capital Management: Progressive employs a flexible business structure with a variable dividend policy, paying out $13.50 per share in 2025, reflecting its capacity for capital returns in a high-profit environment while maintaining resilience against future uncertainties.
- Long-Term Market Advantage: Despite cyclical fluctuations in the insurance industry, Progressive demonstrates sustained potential to outperform the market, leveraging nearly a century of operational experience and strong underwriting capabilities, particularly as it adapts to changes in technology with AI and machine learning.
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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: 201.230
Low
214.00
Averages
257.11
High
328.00
Current: 201.230
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.
Progressive Q4 Earnings Report Exceeds Expectations
- Earnings Performance: Progressive reported a GAAP EPS of $4.80 for Q4, missing expectations by $0.08, indicating potential pressure on profitability that could affect investor confidence.
- Premium Revenue Growth: The company achieved net premiums written of $23.64 billion, a 6% year-over-year increase, beating market expectations by $441 million, demonstrating its competitive strength and expanding customer base.
- Long-Term Growth Potential: Despite the shortfall in EPS, Progressive is still viewed as a long-term compounder due to its strong underwriting discipline and market dominance, suggesting potential for higher profitability in the future.
- Market Reaction Analysis: Investors are cautious regarding the company's strategy of sacrificing margins for revenue growth, which may impact its stock performance, necessitating close monitoring of future profitability recovery.
See More
Progressive Corp. Reports March 2026 Net Income of $712 Million
- Net Income Growth: Progressive Corp. reported a net income of $712 million for March 2026, translating to $1.21 per share, which, while down from $901 million and $1.53 per share in March 2025, still indicates stable profitability for the company.
- Premium Revenue Increase: The net premiums written for March 2026 improved by 10% to $9.91 billion, while net premiums earned grew by 11% to $7.52 billion, demonstrating the company's sustained competitive strength in the market.
- Policy Count Expansion: As of March 31, 2026, the total number of policies in force increased by 9% to 39.57 million from 36.29 million in March 2025, indicating an expansion of the customer base and improved market penetration.
- Quarterly Performance: For the first quarter of 2026, net income reached $2.82 billion, or $4.80 per share, reflecting a 10% increase from $2.57 billion and $4.37 per share in the prior-year quarter, highlighting ongoing improvements in premium revenue and profitability.
See More
ASML Exceeds Expectations in Q1 Earnings Driven by AI Surge
- ASML Strong Performance: ASML reported first-quarter revenue and earnings that exceeded expectations, raising its full-year net sales guidance to between $42.4 billion and $47.2 billion, reflecting robust growth driven by AI spending in semiconductor production, although weaker Q2 sales forecasts limited pre-market stock gains to around 1%.
- Record Bank Earnings: JPMorgan Chase, Citigroup, and Wells Fargo collectively posted over $25 billion in profits for Q1, benefiting from market volatility due to geopolitical crises, with Citigroup's markets revenue growing 19% YoY, although Wells Fargo's stock fell 5.7% despite a 15% rise in EPS, highlighting investment banks' resilience in turbulent markets.
- Bank of America Steady Performance: Bank of America reported Q1 net income of $8.6 billion, a 17% increase YoY, driven by a 7% rise in revenue, with the CEO noting healthy client activity and stable asset quality, indicating a resilient U.S. economy, leading to a stock increase of about 1%.
- Morgan Stanley Record Revenue: Morgan Stanley announced record revenue of $70.6 billion for the 2025 fiscal year, with expectations that investment banking strength and M&A activity will boost EPS by around 12% this quarter, while also monitoring advancements in AI applications in client services.
See More
Major Earnings Reports Expected Before Wednesday's Open
- Earnings Report Preview: Major earnings reports are expected before the market opens on Wednesday, including Bank of America (BAC), ASML Holding (ASML), Morgan Stanley (MS), and PNC Financial Services Group (PNC), which will provide crucial insights into their financial health.
- Market Focus: Investors will closely monitor these earnings to assess company performance in the current economic climate, particularly under pressures from interest rates and inflation, which could influence market trends.
- Additional Earnings Releases: In addition to the major firms, earnings from FHN, MTB, PGR, and TRX are also slated for release before Wednesday's open, further enriching market information and aiding investors in making informed decisions.
- Earnings Season Calendar: Seeking Alpha offers a comprehensive earnings season calendar, allowing investors to access detailed information on upcoming earnings reports to ensure they do not miss any significant market developments.
See More
Progressive (PGR) Set to Announce Q1 Earnings on April 15
- Earnings Announcement: Progressive is scheduled to release its Q1 2023 earnings report on April 15 before market open, with consensus EPS estimates at $4.88, reflecting an 11.7% year-over-year increase, which could positively influence the stock price.
- Performance Expectations: Over the past year, Progressive has beaten EPS estimates 75% of the time and revenue estimates 50% of the time, indicating a strong track record of profitability and market confidence.
- Estimate Revision Trends: In the last three months, EPS estimates have seen 15 upward revisions and 1 downward revision, while revenue estimates have experienced no upward revisions and 7 downward revisions, suggesting a cautious market outlook on future revenue growth.
- Premium Growth: Progressive reported a 5% year-over-year increase in net premiums written in February, indicating a sustained competitive position and expansion of its customer base, which may be reflected in the upcoming earnings report.
See More
Progressive Insurance Outperforms Market Significantly
- Profitability Surge: Progressive Insurance saw its earnings per share soar from $14.40 to $19.23 in 2025, showcasing its robust profitability and effective risk pricing strategy, which further solidifies its leadership position in the insurance sector.
- Significant Policy Growth: The company added 3.7 million new policies in 2025, resulting in an additional $9 billion in written premiums compared to the previous year, indicating strong market demand and its ability to effectively attract new customers and expand market share.
- Robust Capital Management: Progressive employs a flexible business structure with a variable dividend policy, paying out $13.50 per share in 2025, reflecting its capacity for capital returns in a high-profit environment while maintaining resilience against future uncertainties.
- Long-Term Market Advantage: Despite cyclical fluctuations in the insurance industry, Progressive demonstrates sustained potential to outperform the market, leveraging nearly a century of operational experience and strong underwriting capabilities, particularly as it adapts to changes in technology with AI and machine learning.
See More
Progressive Q4 Earnings Report Exceeds Expectations
- Earnings Performance: Progressive reported a GAAP EPS of $4.80 for Q4, missing expectations by $0.08, indicating potential pressure on profitability that could affect investor confidence.
- Premium Revenue Growth: The company achieved net premiums written of $23.64 billion, a 6% year-over-year increase, beating market expectations by $441 million, demonstrating its competitive strength and expanding customer base.
- Long-Term Growth Potential: Despite the shortfall in EPS, Progressive is still viewed as a long-term compounder due to its strong underwriting discipline and market dominance, suggesting potential for higher profitability in the future.
- Market Reaction Analysis: Investors are cautious regarding the company's strategy of sacrificing margins for revenue growth, which may impact its stock performance, necessitating close monitoring of future profitability recovery.
See More
Progressive Corp. Reports March 2026 Net Income of $712 Million
- Net Income Growth: Progressive Corp. reported a net income of $712 million for March 2026, translating to $1.21 per share, which, while down from $901 million and $1.53 per share in March 2025, still indicates stable profitability for the company.
- Premium Revenue Increase: The net premiums written for March 2026 improved by 10% to $9.91 billion, while net premiums earned grew by 11% to $7.52 billion, demonstrating the company's sustained competitive strength in the market.
- Policy Count Expansion: As of March 31, 2026, the total number of policies in force increased by 9% to 39.57 million from 36.29 million in March 2025, indicating an expansion of the customer base and improved market penetration.
- Quarterly Performance: For the first quarter of 2026, net income reached $2.82 billion, or $4.80 per share, reflecting a 10% increase from $2.57 billion and $4.37 per share in the prior-year quarter, highlighting ongoing improvements in premium revenue and profitability.
See More
ASML Exceeds Expectations in Q1 Earnings Driven by AI Surge
- ASML Strong Performance: ASML reported first-quarter revenue and earnings that exceeded expectations, raising its full-year net sales guidance to between $42.4 billion and $47.2 billion, reflecting robust growth driven by AI spending in semiconductor production, although weaker Q2 sales forecasts limited pre-market stock gains to around 1%.
- Record Bank Earnings: JPMorgan Chase, Citigroup, and Wells Fargo collectively posted over $25 billion in profits for Q1, benefiting from market volatility due to geopolitical crises, with Citigroup's markets revenue growing 19% YoY, although Wells Fargo's stock fell 5.7% despite a 15% rise in EPS, highlighting investment banks' resilience in turbulent markets.
- Bank of America Steady Performance: Bank of America reported Q1 net income of $8.6 billion, a 17% increase YoY, driven by a 7% rise in revenue, with the CEO noting healthy client activity and stable asset quality, indicating a resilient U.S. economy, leading to a stock increase of about 1%.
- Morgan Stanley Record Revenue: Morgan Stanley announced record revenue of $70.6 billion for the 2025 fiscal year, with expectations that investment banking strength and M&A activity will boost EPS by around 12% this quarter, while also monitoring advancements in AI applications in client services.
See More
Major Earnings Reports Expected Before Wednesday's Open
- Earnings Report Preview: Major earnings reports are expected before the market opens on Wednesday, including Bank of America (BAC), ASML Holding (ASML), Morgan Stanley (MS), and PNC Financial Services Group (PNC), which will provide crucial insights into their financial health.
- Market Focus: Investors will closely monitor these earnings to assess company performance in the current economic climate, particularly under pressures from interest rates and inflation, which could influence market trends.
- Additional Earnings Releases: In addition to the major firms, earnings from FHN, MTB, PGR, and TRX are also slated for release before Wednesday's open, further enriching market information and aiding investors in making informed decisions.
- Earnings Season Calendar: Seeking Alpha offers a comprehensive earnings season calendar, allowing investors to access detailed information on upcoming earnings reports to ensure they do not miss any significant market developments.
See More
Progressive (PGR) Set to Announce Q1 Earnings on April 15
- Earnings Announcement: Progressive is scheduled to release its Q1 2023 earnings report on April 15 before market open, with consensus EPS estimates at $4.88, reflecting an 11.7% year-over-year increase, which could positively influence the stock price.
- Performance Expectations: Over the past year, Progressive has beaten EPS estimates 75% of the time and revenue estimates 50% of the time, indicating a strong track record of profitability and market confidence.
- Estimate Revision Trends: In the last three months, EPS estimates have seen 15 upward revisions and 1 downward revision, while revenue estimates have experienced no upward revisions and 7 downward revisions, suggesting a cautious market outlook on future revenue growth.
- Premium Growth: Progressive reported a 5% year-over-year increase in net premiums written in February, indicating a sustained competitive position and expansion of its customer base, which may be reflected in the upcoming earnings report.
See More
Progressive Insurance Outperforms Market Significantly
- Profitability Surge: Progressive Insurance saw its earnings per share soar from $14.40 to $19.23 in 2025, showcasing its robust profitability and effective risk pricing strategy, which further solidifies its leadership position in the insurance sector.
- Significant Policy Growth: The company added 3.7 million new policies in 2025, resulting in an additional $9 billion in written premiums compared to the previous year, indicating strong market demand and its ability to effectively attract new customers and expand market share.
- Robust Capital Management: Progressive employs a flexible business structure with a variable dividend policy, paying out $13.50 per share in 2025, reflecting its capacity for capital returns in a high-profit environment while maintaining resilience against future uncertainties.
- Long-Term Market Advantage: Despite cyclical fluctuations in the insurance industry, Progressive demonstrates sustained potential to outperform the market, leveraging nearly a century of operational experience and strong underwriting capabilities, particularly as it adapts to changes in technology with AI and machine learning.
See More
