PGR

The Progressive Corporation

Fundamental data last updated:June 7, 2026

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company profile

SECTOR

Financial Services

industry

Insurance - Property & Casualty

Exchange

NYSE

County of HQ

US

Next Earnings Date

07/15/2026

Business Summary

The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, general liability, and other specialty property-casualty insurance products and related services in the United States. It operates in three segments: Personal Lines, Commercial Lines, and Property. The Personal Lines segment writes insurance for personal autos and recreational vehicles (RV). This segment's products include personal auto insurance; and special lines products, including insurance for motorcycles, ATVs, RVs, watercrafts, snowmobiles, and related products. The Commercial Lines segment provides auto-related primary liability and physical damage insurance, and business-related general liability and property insurance for autos, vans, pick-up trucks, and dump trucks used by small businesses; tractors, trailers, and straight trucks primarily used by regional general freight and expeditor-type businesses, and long-haul operators; dump trucks, log trucks, and garbage trucks used by dirt, sand and gravel, logging, and coal-type businesses; and tow trucks and wreckers used in towing services and gas/service station businesses; as well as non-fleet and airport taxis, and black-car services. The Property segment writes residential property insurance for homeowners, other property owners, and renters, as well as offers personal umbrella insurance, and primary and excess flood insurance. The company also offers policy issuance and claims adjusting services; and acts as an agent to homeowner general liability, workers' compensation insurance, and other products. In addition, it provides reinsurance services. The company sells its products through independent insurance agencies, as well as directly on Internet through mobile devices, and over the phone. The Progressive Corporation was founded in 1937 and is headquartered in Mayfield, Ohio.

 


VALUATION

P/E

10.34

Market Cap ($M USD)

$119.22B

Forward P/E

12.76

PEG

-0.67

PRICE TO SALES

1.33

PRICE TO BOOK

3.73

EV / EBITDA

8.45

5-Year Average P/E

Free Cash Flow Yield

13.77%

DCF Value

$393.76

Graham Number

$155.88

Price to FCF

7.26

EV to FCF

7.76

Earnings Yield

9.67%

FCF Yield

13.77%

DIVIDEND

Yield

6.81%

Annual Payout

$13.90

Payout Ratio

70.49%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$19.74

Next Year EPS Growth Estimate

$15.98

Next Year Revenue Growth Estimate

$9.94T

Return on Equity (ROE)

35.45%

FREE CASH FLOW

Operating Margin

16.27%

Debt-to-Equity

0.23

Piotroski F-Score

7

Altman Z-Score

1.66

Return on Invested Capital (ROIC)

36.00%

Current Ratio

0.25

Quick Ratio

0.25

Net Debt to EBITDA

0.55

Interest Coverage

52.35

Gross Profit margin

28.44%

FCF PER SHARE

$28.04

REVENUE PER SHARE

$152.71

Gainseekers Quantitative Analysis

Summary

The Progressive Corporation’s valuation presents a compelling case of market mispricing. With a DCF value significantly higher than its snapshot price, the stock appears undervalued. The Forward P/E ratio suggests a cautious growth outlook, yet the robust Earnings Yield indicates potential for strong returns. However, the Altman Z-score raises concerns about financial stability, hinting at moderate distress risk. Overall, the market seems to be underestimating its intrinsic value, offering a potential opportunity for savvy investors.

AI Exposure / Tech Reliance

In the insurance industry, Progressive is well-positioned to leverage AI and tech advancements. The sector's reliance on data analytics for risk assessment and customer engagement aligns with AI capabilities. This adaptability could enhance operational efficiency and customer satisfaction, securing its competitive edge.

The Bull Case

For value and GARP investors, Progressive shines with its impressive ROIC of 36%, indicating exceptional capital efficiency. The FCF Yield, though modest, complements a strong Piotroski F-Score of 7, signaling solid financial health. Its operating margin of 16.27% underscores pricing power, while a low Debt/Equity ratio enhances financial flexibility. These metrics paint a picture of a company adept at generating and reinvesting cash effectively.

The Bear Case

Despite its strengths, Progressive faces structural risks. The Price/Book ratio of 3.58 and Price/Sales of 1.28 suggest it may be overvalued relative to tangible assets and revenue. The Altman Z-score further highlights potential financial distress, and the stock's proximity to its 52-week high indicates technical overextension. These factors could deter risk-averse investors wary of paying a premium for growth.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Hold

Average Analyst Price Target

$228.33

Institutional Ownership %

1-Year Beta

0.27

Insider Buying % (6 Mo)

Distance to 52-Week High

39.18%

Distance to 52-Week Low

7.26%

EARNINGS SURPRISE %

2.27%

50-DAY SMA

$199.14

200-DAY SMA

$217.00

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.