PGR · News · 20261022N
Quarterly Earnings Performance
PROGRESSIVE CORP/OH/ · 2026-10-22 · Importance 24 · Surprise 14 · No source text
Progressive’s third-quarter net premiums earned increased 5% year over year to $21.869 billion. Third-quarter net income declined 3% year over year. The combined ratio improved, indicating stronger underwriting efficiency during the quarter. UBS raised its price target from $234 to $238 while maintaining a Neutral rating after reviewing the results.
Key facts
- Progressive reported a 5% year-over-year rise in net premiums earned to USD 21.869 billion. source
- Progressive has a market capitalization of $128.81 billion. source
- Progressive was recently upgraded to a Zacks Rank #2 (Buy). source
- Progressive's net income saw a 3% decline (as reported following third-quarter results). source
- Progressive achieved an average annual return of 11.88% over the past 20 years. source
- UBS increased its price target for Progressive Corp stock from USD 234.00 to USD 238.00. source
- UBS maintained a Neutral rating on Progressive Corp while increasing the price target to USD 238.00. source
- An investment of $1000 in Progressive 20 years ago would now be worth $9,337.97. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +4.4% | Progressive reported a 5% year-over-year rise in net premiums earned to USD 21.869 billion. |