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Stocks/Financials/Property & Casualty Insurance

ProgressivePGR

Property & Casualty Insurance · Mayfield Village, Ohio · In the S&P 500
Solid business
$231.28+0.48%After hours: $228.00 (−1.42%)At the close, 30 Oct · Prices from CNBC, may be delayed
▲ 11.2% over 1 year
Progressive over 1 yearDaily close, $, to 30 Oct 2026
$200$220Nov2026MarMayJulSep$231.28$200$220NovMarJul$231.28
Source: Nasdaq daily closes
Market value$134B
Price to earnings11.6x
Forward P/E13.8x
Dividend yield0.17%
Year to date+1.6%
One year+11.2%
Next earningsNot scheduled
SectorFinancials
52-week range (closes)
$190.40$236.36

Quality and valuation

How Progressive compares with other financials stocks. A description, not a recommendation.

Progressive and 7 property & casualty insurance peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: about averageValuation: in line with its sector

An average business among financials companies, priced about in line with them.

Progressive trades at 13.8 times the next 12 months of expected earnings, against a median of 13.0x for the 84 financials stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew faster than the sector median: +10.5% vs +10.2%
  • Turns less of its sales into cash: 17.5% vs 20.3%
  • Keeps less of its revenue as profit (net margin): 12.8% vs 20.7%
PGR trades at 13.8x forward earnings, above the sector medianForward p/e, Property & Casualty Insurance peers
ALL8.9xHIG10.1xACGL10.6xCB12.7xTRV12.8xPGR13.8xWRB15.6xCINF20.1xSector median 13.0xALL8.9xHIG10.1xACGL10.6xCB12.7xTRV12.8xPGR13.8xWRB15.6xCINF20.1xSector median 13.0x
Source: CNBC quotes; Mostly Markets
At 11.6x earnings, PGR is cheaper than its average since Aug 2024Price over the last 12 months of reported (GAAP) diluted EPS
P/EUsual range (±1 s.d.)
10x15x20xAverage 14.9x2025202611.6x10x15x20xAverage 14.9x2025202611.6x
Source: Nasdaq prices; SEC filings

Financials

From Progressive's SEC filings, through the quarter ending 30 Jun 2026. Hover or tap a bar for its value.

Revenue grew 7.3% from a year earlierQuarterly revenue, $bn, latest Q2 ’26
$0bn$10bn$20bnQ3 ’24Q1 ’25Q3 ’25$23.6bnQ2 ’26$0bn$10bn$20bnQ3 ’24Q1 ’25Q3 ’25$23.6bnQ2 ’26
Source: SEC filings
Growth slowed to +7.3% last quarterRevenue growth, year on year, %
0%10%20%Q3 ’24Q1 ’25Q3 ’257.3%Q2 ’260%10%20%Q3 ’24Q1 ’25Q3 ’257.3%Q2 ’26
Source: SEC filings
Free cash flow was $16.0 billion over 12 monthsQuarterly free cash flow (operating cash flow minus capex), $bn
$0bn$2bn$4bnQ3 ’24Q1 ’25Q3 ’25$3.5bnQ2 ’26$0bn$2bn$4bnQ3 ’24Q1 ’25Q3 ’25$3.5bnQ2 ’26
Source: SEC filings
Diluted EPS was $5.67 last quarterQuarterly diluted earnings per share, $
$0$2$4Q3 ’24Q1 ’25Q3 ’25$5.67Q2 ’26$0$2$4Q3 ’24Q1 ’25Q3 ’25$5.67Q2 ’26
Source: SEC filings
Last 12 monthsPGRSector median
Revenue growth+10.5%+10.2%
Free cash flow margin17.5%20.3%
Price to earnings11.6x14.6x

Stories on Progressive

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Similar companies

Property & Casualty Insurance, by market value.

CompanyPriceTodayYTDValue
CBChubb$364.12+0.51%+16.7%$139B
TRVTravelers Companies$396.22−0.51%+36.6%$81.20B
ALLAllstate$259.87+1.54%+24.8%$65.71B
HIGHartford$132.59+0.40%−3.8%$35.46B
ACGLArch Capital Group$106.36+2.33%+10.9%$34.72B
CINFCincinnati Financial$181.19−0.37%+10.9%$27.82B
WRBW. R. Berkley$73.86+1.04%+5.3%$27.43B