
PGR Earnings
Progressive Corp
- Overview
- Forecast
- Valuation
- Earnings
Earning Analysis
Welcome to our in-depth analysis of Progressive Corp(PGR) earnings, offering investors a detailed look into the company’s financial performance, revenue trends, earnings per share (EPS), and market reactions. This page provides a comprehensive overview of Progressive Corp earnings history, forecasts, and key financial metrics, empowering you with the data needed to make informed investment decisions. Whether you're tracking quarterly results, analyzing earnings surprises, or exploring future projections, our detailed breakdown covers it all.
Earnings Forecast
Revenue
EPS
Currency: USD
Actual
Estimate
Surprise Analysis
FY2025Q1 | 2025-04-16 | Pre-Market | 4.72 | 4.65 | -1.48 | 21.73B | 22.21B | +2.19 | -0.35 | -3.99 |
FY2024Q4 | 2025-01-29 | Pre-Market | 3.43 | 4.08 | +18.95 | 18.44B | 18.11B | -1.79 | +0.55 | +1.20 |
FY2024Q3 | 2024-10-15 | Pre-Market | 3.40 | 3.58 | +5.29 | 19.06B | 19.46B | +2.08 | -0.11 | -0.45 |
FY2024Q2 | 2024-07-16 | - | 1.99 | 2.65 | +33.17 | 17.46B | 17.90B | +2.51 | -3.27 | -0.37 |
FY2024Q1 | 2024-04-12 | - | 3.20 | 3.73 | +16.56 | 17.21B | 18.96B | +10.21 | +0.81 | +3.70 |
FY2023Q4 | 2024-01-24 | - | 2.38 | 2.96 | +24.37 | 15.31B | 15.13B | -1.18 | +4.72 | +5.51 |
FY2023Q3 | 2023-10-13 | - | 1.71 | 2.09 | +22.22 | 15.36B | 15.59B | +1.50 | +8.13 | +10.12 |
- | 2023-07-13 | - | 0.88 | 0.50 | -43.18 | - | - | - | -13.12 | -10.51 |
- | 2023-04-13 | - | 1.44 | 0.65 | -54.86 | - | - | - | -6.71 | -6.24 |
- | 2023-01-25 | - | 1.49 | 1.50 | +0.67 | - | - | - | +4.86 | +5.54 |
PGR Earnings Analysis
Our earnings analysis provides a granular look at the company’s performance across recent fiscal quarters, highlighting key metrics such as revenue, EPS, and operating margins. By examining actual results against analyst estimates, we uncover trends and surprises that drive stock price movements, offering valuable insights for both short-term traders and long-term investors.
In the most recent quarter, Progressive Corp reported performance for FY2025Q1, announced on 2025-04-16. The company achieved an EPS of 4.65, compared to analyst estimates of 4.72 by -1.48% . Revenue for the quarter reached 22.21B compared to expectations of 21.73B by 2.19% .
The stock price reacted with a -0.35% one-day change and a -3.99% five-day change following the earnings release. These movements reflect market reaction in Progressive Corp growth trajectory and strategic initiatives.
PGR Earnings Forecast
Looking ahead, Progressive Corp(PGR) remains a focal point for investors seeking growth opportunities. Analyst forecasts for 2025/Q2 project quarter revenue of 20.85B and an EPS of 3.53.
However, recent estimate revisions provide additional context. Over the past three months, revenue estimates for FY2025 have been Revise Downward by -1.21%, while EPS estimates have been Revise Upward by 4.73%. For the upcoming Q2 2025, revenue estimates have been adjusted Revise Downward by -1.95% . These revisions correlate with a -1.15% change in stock price over the same period, suggesting potential buying opportunities for investors who believe in Progressive Corp long-term fundamentals.
The relationship between earnings forecast revisions and stock price movements is critical for investors. Positive revisions in revenue or EPS often signal strengthening fundamentals, making temporary price dips attractive entry points. Conversely, downward revisions may reflect short-term challenges.
Estimate Revision
The chart shows the correlation between PGR's stock price and earnings forecast revisions. Positive revisions in Revenue or EPS often strengthen the stock's fundamentals, making price dips potential buying opportunities.
Revenue Estimates for FY2025
Revise Downward

-1.21%
In Past 3 Month
EPS Estimates for FY2025
Revise Upward

+4.73%
In Past 3 Month
Revenue Estimates for Q2 2025
Revise Downward

-1.95%
In Past 3 Month
Stock Price
Go Down

-1.15%
In Past 3 Month
1Y
3Y
5Y
Annual FY 2025
Currency: USD
1Y
3Y
5Y
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Revenue Estimate-Annual FY 2025:86.23B
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EPS Estimate-Annual FY 2025:15.60
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Stock Price281.81
PGR Revenue and EPS Performance: A Historical Perspective
Progressive Corp revenue and earnings per share (EPS) performance over recent quarters provides a clear picture of its financial health. Below is a detailed breakdown of the company’s earnings history, showcasing actual results, analyst estimates, and surprise percentages for key fiscal quarters:
FY2025Q1 (2025-04-16,Pre-Market):
EPS: 4.65 (Actual) vs.4.72 (Estimate) (-1.48%)
Revenue: 22.21B (Actual) vs. 21.73B (Estimate) (2.19%)
Price Reaction: -0.35%(1-Day), -3.99%(5-Day)
FY2024Q4 (2025-01-29,Pre-Market):
EPS: 4.08 (Actual) vs.3.43 (Estimate) (18.95%)
Revenue: 18.11B (Actual) vs. 18.44B (Estimate) (-1.79%)
Price Reaction: 0.55%(1-Day), 1.20%(5-Day)
FY2024Q3 (2024-10-15,Pre-Market):
EPS: 3.58 (Actual) vs.3.40 (Estimate) (5.29%)
Revenue: 19.46B (Actual) vs. 19.06B (Estimate) (2.08%)
Price Reaction: -0.11%(1-Day), -0.45%(5-Day)
Earnings Reaction
The chart below shows how PGR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, PGR sees a +0.18% change in stock price 10 days leading up to the earnings, and a +1.56% change 10 days following the report. On the earnings day itself, the stock moves by -0.45%. This data can give you a slight idea of what to expect for the next quarter's release.
For example, in MAR/2025, the stock changed -3.52% on the day following the earnings release and then changed by 0.92% over the next 10 days. These patterns provide investors with valuable insights into potential price movements and help inform trading strategies around earnings events.
Transcript Summary
Progressive Corp (PGR) Q1 2025 Earnings Call Summary
Positive
2025-05-06
The earnings call reveals strong financial performance, with net premiums up 21% and a combined ratio below 90 across segments, indicating operational excellence. Despite inflation and supply chain issues, the company maintains a robust balance sheet. The Q&A highlights strategic growth plans and stable rate management. The share repurchase program and increased investment income further support a positive outlook. However, some concerns about tariffs and retention were noted, but overall, the sentiment is positive, likely leading to a 2-8% stock price increase.
Progressive Corp (PGR) Q1 2025 Earnings Call Summary
Positive
2025-05-06
The earnings call presents strong financial performance with significant growth in net premiums, low combined ratios, and increased investment income. Despite some uncertainties regarding tariffs and retention, the company's strategic investments and advertising efficiency indicate a solid market position. The Q&A highlights management's proactive approach to rate stability and customer acquisition. Overall, the company's robust financial health and strategic focus on technology and growth support a positive outlook for stock price movement.
Progressive Corp (PGR) Q4 2024 Earnings Call Summary
Positive
2025-03-04
The earnings call highlights strong financial performance, with significant growth in net premiums and improved efficiency metrics. The share repurchase program is a positive catalyst, and management's optimism for 2025 suggests confidence in future growth. Despite some uncertainties in the Q&A, such as tariff impacts and ad spend effectiveness, the overall sentiment is positive. However, competitive pressures and regulatory challenges are noted, slightly tempering the outlook. Given these factors, the stock price is likely to experience a positive movement over the next two weeks.
Progressive Corp (PGR) Q4 2024 Earnings Call Summary
Positive
2025-03-04
The earnings call highlights strong financial performance with a record low combined ratio, significant policy growth, and increased premiums. Management's optimistic guidance for 2025, despite competitive and economic challenges, contributes positively. Analysts' questions reveal some concerns about pricing impacts and retention, but management's flexible strategies and focus on cost efficiency mitigate these risks. The lack of a shareholder return plan is a minor drawback. Overall, the positive financial metrics and guidance suggest a positive stock price movement in the short term.
The Progressive Corporation (PGR) Q3 2024 Earnings Call Summary
Positive
2024-11-05
The earnings call summary reflects strong financial performance, with record policy additions and improved combined ratios, especially in property. While economic and weather-related risks are acknowledged, the company has effective strategies in place to mitigate them. The Q&A section reveals a positive outlook with bullish growth expectations for 2025, stable margins, and effective advertising strategies. However, lack of specific details on share repurchase plans and unclear responses about hurricane impacts slightly temper the sentiment. Overall, the stock is likely to experience a positive movement in the short term.
The Progressive Corporation (PGR) Q2 2024 Earnings Call Summary
Positive
2024-08-06
The earnings call reveals strong financial performance with a solid combined ratio, efficient acquisition costs, and record sales volume, indicating effective market strategies. Despite some regulatory and staffing challenges, management's confidence in growth, strategic advertising spend, and shareholder return plans, like share buybacks, suggest a positive outlook. The Q&A section highlights management's optimism in PIF gains and investment in branding, further supporting a positive sentiment. While some answers lacked clarity, the overall sentiment leans towards a positive stock price movement in the short term.
FAQ

What were the key highlights of PGR’s latest earnings report for FY2025Q1?
PGR reported its FY2025Q1 earnings on 2025-04-16, showcasing a revenue of 22.21B against an estimate of 21.73B, resulting in a 2.19% surprise. The EPS was 4.65, surpassing the expected 4.72 by -1.48% . The stock experienced a -0.35% price change on the earnings day and a -3.99% change over the next five days, reflecting market reactions to the results.

How did PGR’s stock price react after the FY2025Q1 earnings release?

What are the revenue and EPS estimates for PGR for 2025/Q2?

How does PGR’s stock price correlate with earnings forecast revisions?

What should investors expect from PGR’s next earnings report?
