- Progressive’s net premiums earned in the third quarter reached $20.85 billion, a growth of 14% year-over-year, close to the estimate of $21.03 billion.
- Third-quarter Earnings Per Share (EPS) was reported at $4.45, an increase from $3.97 the previous year.
- Net premiums written for the third quarter were $21.38 billion, up 9.9% year-over-year, slightly below the estimate of $21.65 billion.
- The reported combined ratio for the third quarter was 89.5%, higher than the previous year’s 89% and above the estimate of 86.5%.
- In September, the combined ratio rose to 100.4% from 83.1% in the prior month.
- Net premiums earned in September were $6.83 billion, which is a 3% decrease month-over-month.
- September’s net premiums written amounted to $7.13 billion, marking a 1% decrease from the previous month.
- EPS for September was 52 cents, down from $2.07 in the previous month.
- Analyst ratings include 12 buy recommendations, 13 holds, and 1 sell suggestion for Progressive.
Progressive Corp on Smartkarma
Analysts on Smartkarma, like Baptista Research, are covering Progressive Corp with a positive outlook. In a report titled “The Progressive Corporation: Product Differentiation & Segmentation Strategy to Support Sustained Policy Growth & Enhanced Profitability Margins,” Baptista Research highlights the company’s strong financial performance in the second quarter of 2025. Progressive Corp‘s strategic focus led to significant growth in premiums written and policies in force, showcasing impressive market share gains in the competitive U.S. insurance market.
Furthermore, in another report by Baptista Research titled “Progressive Corporation: Diversification & Business Expansion to Contribute to Its Ongoing Growth Efforts,” analysts recognize the company’s robust financial performance with near-record margins and record growth. Despite some challenges like potential tariff impacts, Progressive Corp‘s focus on diversification and business expansion has contributed to its positive position in the market. The increased new policies and efficient customer acquisition have been key drivers of the company’s success.
A look at Progressive Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Progressive Corp is positioned for strong long-term growth. With a high score of 5 in Growth, the company is projected to expand steadily over time. This growth potential is further supported by solid scores in other areas such as Value, Dividend, Resilience, and Momentum, all scoring at 3. These scores indicate that Progressive Corp is well-rounded, offering value to investors, maintaining a stable dividend payout, demonstrating resilience in challenging times, and showing positive momentum in the market.
The Progressive Corporation, an insurance holding company in the United States, specializes in personal and commercial automobile insurance, along with other property-casualty insurance services. The company’s impressive Growth score of 5, along with its well-balanced performance in various other factors, suggests a promising outlook for investors seeking long-term investment opportunities in the insurance sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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