Progressive Corporation (The)NYSE: PGR
Financials · Property & Casualty Insurance
$199.87
-0.70%
Vol: 1.4M
Research Digest
Friday, May 1, 2026
Q1 2026 EPS of $4.96 beats by $0.09; CFO transition planned for July 2026.
Progressive reported Q1 2026 EPS of $4.96 beating expectations of $4.87, with revenue of $22.188 billion and net income of $2.818 billion. The company faces headwinds from underwriting costs and competition. Longtime CFO John Sauerland will retire in July 2026, with Chief Strategy Officer Andrew Quigg succeeding him. Q2 adjusted EPS guidance is $1.00 per share. An investor call is scheduled for May 5, 2026.
Previous Market Intelligence
13 daysApr 30Progressive reports Q1 EPS of $4.96, beating $4.87 estimate; CFO to retire July 2026Mixed▶
Progressive reported Q1 2026 EPS of $4.96, topping analyst estimate of $4.87, with revenue of $22.188B and net income of $2.818B. However, stock has fallen to $198.84 amid underwriting cost concerns and competitive pressures, declining 24% over the past year. CFO John Sauerland plans to retire in July 2026, with Chief Strategy Officer Andrew Quigg succeeding him. Upcoming investor call May 5 at 9:30am ET with CEO and current CFO. Company trades at attractive P/E of 10.38x with 53.5% undervaluation per analysis. Strong earnings beat partially offset by CFO transition and stock pullback.
Apr 29Progressive reports Q1 2026 EPS $4.96, beating expectations of $4.87; investor call May 5Positive▶
Progressive reported Q1 2026 earnings with EPS of $4.96, topping analyst expectations of $4.87. Quarterly revenue rose to $22.188B with net income reaching $2.818B. Stock recently pulled back to $198.84 amid concerns over underwriting costs and competition but has recovered to $200.69 with 6.8% dividend yield. CFO John Sauerland retiring July 2026, succeeded by Chief Strategy Officer Andrew Quigg. Investor call scheduled May 5 at 9:30am ET with CEO Tricia Griffith and incoming CFO. Analyst consensus: 14 Buy ratings with $238.85 average price target (+17.3% upside).
Apr 16Progressive reported Q1 2026 net income up 10% to $2.8B and net premiums up 6% to $23.6B; combined ratio improved to 86.4 from 86.0Positive▶
The Progressive Corporation reported strong Q1 2026 results with net income increasing 10% to approximately $2.8 billion and net premiums written rising 6% to $23.6 billion year-over-year. March results showed net income up 36% to $712 million with net premiums written reaching $9.9 billion (up 10% YoY). The company Q1 combined ratio improved to 86.4 from 86.0 in Q1 2025, indicating better underwriting performance. Progressive beat Q1 2026 earnings expectations with EPS of $4.96 versus analyst estimate of $4.82. BofA raised price target to $298 from $295.
Apr 15Progressive reports Q1 2026 earnings with $22.62B revenue; Bank of America raises price target to $298.Positive▶
Progressive Corporation reported Q1 2026 earnings on April 15, 2026, with expectations of $22.62 billion in revenue and $4.77 EPS. The company closed at $198.84 prior to earnings amid concerns over underwriting costs and market competition. Bank of America raised its price target from $295 to $298. CEO Susan Patricia Griffith acquired 15.363 RSUs on April 10 via dividend reinvestment, reflecting insider confidence. Analysts have mixed views on valuation but some estimate significant upside potential.
Apr 14Progressive reports strong premium growth; Q1 earnings April 15Positive▶
January net premiums $6.735B (+4%), February $6.995B (+5%). Priced $1.5B senior notes. CFO retiring July 2026. Consensus Buy $236.31 PT. Q1 earnings April 15.
Apr 13Progressive reports Q1 2026 earnings April 15; stock down 8.48% YTD amid underwriting concernsNeutral▶
Progressive will release Q1 2026 earnings before market open on April 15. Stock at $198.84 down 8.48% YTD amid underwriting cost concerns and market competition. Analyst consensus (14 analysts) gives Buy rating with 12-month target of $237.77 (21.08% upside). Institutional investors including AQR Capital Management showing buying interest.
Apr 10Progressive setting $0.10 dividend; Q1 2026 earnings April 15 amid insurance competition.Neutral▶
Progressive will report quarterly earnings on April 15 with expectations for $4.77 EPS. Board approved $0.10 dividend payable April 10. Morgan Stanley lowered target amid rising competition/inflation. 14 analysts maintain Buy consensus with $237.77 average 12-month target (+21.08% upside).
Apr 9Progressive Priced $1.5B Senior Notes; Q1 Earnings Report Scheduled for April 15Neutral▶
Progressive priced $1.5B in senior notes on March 23: $500M of 4.60% notes due 2031 and $1B of 5.15% notes due 2036. Q1 earnings expected April 15 with $4.77 EPS estimate and $22.62B revenue guidance. Q4 2025 EPS beat at $4.67 vs. $4.44 estimate (5.18% beat). Stock near $198.84 amid underwriting cost concerns.
Apr 8No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Apr 7Progressive reports February 2026: 5% NPW growth to $6.995B, 10% policy growth to 39.2M.Neutral▶
Progressive Corporation reported February 2026 results with 5% net premiums written growth to $6.995 billion and 8% net premiums earned growth to $6.528 billion. Net income grew 2% to $943 million ($1.61 per share). Total policies in force increased 10% to 39,220 million. Combined ratio 85.7% versus 82.6% prior year, reflecting underwriting pressure. 2025 full-year: $83.2B net premiums written, 38.6M policies, 87.4% combined ratio, $10.2B underwriting profit, $11.3B net income. Median analyst price target $237.0. Institutional investors showing targeted buying confidence.
Apr 6Progressive declares $0.10 dividend; earnings April 15; mixed analyst sentiment.Neutral▶
Progressive declared $0.10 quarterly dividend ex-date April 10. Q1 2026 earnings April 15. Goldman Sachs Buy $225 PT; Jefferies cut to $215 on auto pricing concerns; Zacks upgraded from Strong Sell to Hold. Stock at $198.19 (-1.59% MoM). Avg PT $238.39.
Apr 3Progressive Corp stock hit a 52-week low at $197.83 amid concerns over underwriting costs, despite beating Q4 2025 earnings.Negative▶
Progressive faces near-term headwinds with an 8.5% monthly decline, recently hitting a 52-week low of $197.83. Q4 2025 results beat expectations with operating EPS of $18.27 (above consensus of $15.58) driven by strong personal auto policy growth. The company declared a $0.10 quarterly dividend and issued $1.5 billion in new senior notes. 6 of 22 analysts rate Buy while 14 maintain Hold. Average price target is $237.77.
Apr 1Progressive reported 2025 operating EPS of $18.27 well above consensus and 40% ROE, though stock recently declined to 52-week lows amid underwriting concerns.Mixed▶
Progressive delivered strong 2025 earnings with operating EPS of $18.27, significantly exceeding consensus of $15.58, and achieved 40% return on equity with $13 billion comprehensive income. The company priced a $1.5 billion senior notes offering and declared a $13.50 variable dividend per share. PGR stock has recently pulled back to near 52-week lows driven by concerns over underwriting costs. 14 analysts rating PGR as Buy with 12-month price target of $237.77.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| CBCHUBB | $326.61 | -0.12% | +0.0% | 11.2x | 0.50 | $126.8B |
| PGRPROGRESSIVE | $199.87 | -0.70% | +2.5% | 12.5x | 0.33 | $117.6B |
| TRVTRAVELERS | $305.05 | -0.03% | +3.2% | 10.7x | 0.52 | $64.9B |
| ALLALLSTATE | $217.11 | -0.07% | +4.3% | 8.4x | 0.22 | $56.1B |
| HIGHARTFORD | $136.06 | -0.55% | +0.3% | 9.5x | 0.53 | $37.5B |
| ACGLARCH | $93.92 | -0.57% | -2.4% | 9.4x | 0.38 | $33.4B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price below 200d MA — bearish structure.