- Progressive’s net premiums earned in Q3 2026 totaled $21.87 billion, showing a 4.9% increase from the previous year, but slightly below the estimated $21.97 billion.
- Earnings per share (EPS) came in at $4.37, a slight decrease from the previous year’s $4.45.
- Net premiums written were $22.30 billion, up 4.3% compared to the prior year, but below the estimated $22.5 billion.
- The combined ratio for the quarter improved to 88.7%, better than last year’s 89.5% and the estimated 89.6%.
- September’s combined ratio was reported at 90%, slightly higher than August’s 89.3%.
- EPS for September was $1.08, down from $1.63 in the previous month.
- Analyst recommendations include 10 buy ratings, 16 hold ratings, and 1 sell rating for Progressive’s stock.
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Progressive Corp on Smartkarma
Analyst coverage of Progressive Corp on Smartkarma showcases a bullish sentiment towards the company’s growth prospects and market positioning. Baptista Research‘s report, “Progressive’s 82% Property Reach — Can Bundled Households Unlock The Next Growth Wave?” highlights the company’s dominant position in the U.S. personal auto and property insurance markets. With a focus on diverse customer segments and data-driven underwriting, Progressive aims to tap into the lucrative Robinsons segment for further expansion.
Additionally, αSK Primers‘ analysis in “Primer: Progressive Corp (PGR US) – Aug 2026″ praises Progressive as a market leader in auto insurance fueled by advanced analytics and consistent financial performance. Despite industry challenges, the company’s operational excellence, steady market share growth, and shareholder returns contribute to its favorable position. With a streak of sub-90 combined ratios in the Personal Auto segment, Progressive’s underwriting strength and profitability continue to impress investors and analysts alike.
A look at Progressive Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 5 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.0 |
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 seems to have a positive long-term outlook. With top marks in Dividend and Growth scores, investors may see these as strong indicators of the company’s stability and potential for future expansion. Additionally, a solid Momentum score suggests that Progressive Corp is attracting interest and likely to continue its growth trajectory. While Value and Resilience scores are slightly lower, they are still respectable, indicating a balanced performance in these areas.
The Progressive Corporation, an insurance holding company providing auto and specialty property-casualty insurance in the US, seems well-positioned for sustained growth and income generation based on its high Dividend and Growth scores. With a resilient operational foundation and positive momentum, Progressive Corp could be a promising prospect for investors seeking stability and potential returns 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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