PGR · News · 20261021N

Market Demand Trends

PROGRESSIVE CORP/OH/ · 2026-10-21 · Importance 49 · Surprise 32

Progressive’s U.S. auto insurance business is showing continued customer growth, with policies in force increasing 6% year over year to approximately 40.5 million in September 2026. Net premiums written rose 4% year over year to $22.3 billion in the third quarter. Rising premiums and policy growth are supporting premium expansion and underwriting profitability, subject to claims inflation, repair costs and accident severity.

Key facts

• Robinson Value Management Ltd. recently acquired 13,653 shares of The Progressive Corporation, a new stake valued at approximately $2.83 million. source
• Institutional investors collectively own 85.34% of Progressive's stock. source
• The 13,653-share position in Progressive became Robinson Value Management Ltd.'s 23rd largest holding. source
• Analysts have a consensus "Hold" rating on Progressive and a target price of $234.45. source
• UBS increased its price target for Progressive Corp to $238 from $234 while maintaining a Neutral rating. source