PGR · News · 20261016N
Quarterly Earnings Performance
PROGRESSIVE CORP/OH/ · 2026-10-16 · Importance 33 · Surprise 6 · In source text
Progressive reported Q3 2026 basic earnings per share of US$4.38. Total revenue was US$23.2 billion, exceeding the materiality threshold for revenue analysis. Net income reached US$2.5 billion, while the report characterized underwriting performance as strong despite slower profit growth.
Key facts
- Progressive reported total revenue of US$23.2b for Q3 2026. source
- Progressive reported net income of US$2.5b for Q3 2026. source
- Progressive reported Q3 2026 basic earnings per share of US$4.38. source
- Progressive's average annual return over the past 20 years was 11.61%. source
- Progressive currently has a market capitalization of $123.89 billion. source
- Progressive's share price was around US$216 and was edging up about 1% on the day of the report. source
- Raymond James analyst C. Gregory Peters reiterated an Outperform rating for Progressive Corp. (NYSE: PGR) with a price target of $245.00. source
- An investment of $100 in Progressive 20 years ago would be worth $879.93 today. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | unclear | realized | — | Progressive reported total revenue of US$23.2b for Q3 2026. |
| net_income | unclear | realized | — | Progressive reported net income of US$2.5b for Q3 2026. |