The Progressive Corporation (PGR) is a leading American insurance company headquartered in Mayfield Village, Ohio. The company provides a broad range of insurance products, including personal and commercial auto insurance, homeowners and renters insurance, motorcycle and recreational vehicle coverage, and other specialty property and casualty insurance products. The company has a market cap of around $120.5 billion.
This property & casualty insurance company is expected to announce its fiscal third-quarter earnings for 2026 in the near term. Ahead of the event, analysts expect PGR to report a profit of $4.27 per share on a diluted basis, up 5.4% from $4.05 per share in the year-ago quarter. The company beat the consensus estimates in three of the last four quarters while missing the forecast on another occasion.
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For the full year, analysts expect PGR to report EPS of $17.93, down 1.8% from $18.25 in fiscal 2025. Its EPS is expected to decline 9.8% year-over-year (YOY) to $16.17 in fiscal 2027.
www.barchart.com PGR stock has lagged behind the S&P 500 Index’s ($SPX) 14% gains over the past 52 weeks, with shares down 16.1% during this period. Also, it underperformed the State Street Financial Select Sector SPDR ETF’s (XLF) marginal decline over the same time frame.
www.barchart.com PGR reported its second-quarter fiscal 2026 results on Jul. 15, with net premiums earned of $21.6 billion, up 6% YOY. Net premiums written increased 5% to $21.1 billion, reflecting continued growth in its insurance business, while EPS increased to $5.67 from $5.40 a year earlier.
On the other hand, the combined ratio increased to 87.3% in Q2 2026 from 86.2% in Q2 2025, a deterioration of 1.1 percentage points; a lower ratio generally indicates stronger underwriting profitability.
The higher combined ratio, however, was a potential concern for investors and caused a 9.4% decline in PGR shares on Jul. 15.
Street’s consensus opinion on PGR stock is moderately bullish, with a “Moderate Buy” rating overall. Out of 27 analysts covering the stock, seven advise a “Strong Buy” rating, three suggest a “Moderate Buy,” 16 give a “Hold,” and one recommends a “Strong Sell.” PGR’s average analyst price target is $233.54, indicating a potential upside of 12.7% from the current levels.
On the date of publication, Subhasree Kar did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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