Progressive Reports Significant Growth in January Premiums
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy PGR?
Source: seekingalpha
- Premium Revenue Growth: Progressive estimates its January net premiums written at $6.74 billion, a 4% increase from $6.48 billion a year ago, indicating strong market performance and an expanding customer base.
- Net Premiums Earned Forecast: The company anticipates net premiums earned to reach $6.92 billion in January, up 5% from $6.59 billion last year, demonstrating a consistent upward trend in premium income.
- Earnings Per Share Expectation: GAAP EPS is projected at $1.98, reflecting a 4.2% increase from $1.90 a year ago, showcasing improved profitability and enhanced financial health.
- Combined Ratio Projection: The projected combined ratio of 84.4% highlights the company's ongoing underwriting discipline, which is crucial for maintaining profitability and competitive positioning in the market.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy PGR?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on PGR
Wall Street analysts forecast PGR stock price to rise
16 Analyst Rating
9 Buy
6 Hold
1 Sell
Moderate Buy
Current: 207.900
Low
214.00
Averages
257.11
High
328.00
Current: 207.900
Low
214.00
Averages
257.11
High
328.00
About PGR
The Progressive Corporation is an insurance holding company, which has insurance and non-insurance subsidiaries and affiliates. The Company’s segments include Personal Lines, Commercial Lines and Other indemnity. The Personal Lines segment writes insurance for personal autos and special lines products. Its special lines of products include recreational vehicles, such as motorcycles, RVs, and watercraft. Its Personal Lines products are sold through both the agency and direct channels. The Commercial Lines segment writes auto-related liability and physical damage insurance, business-related general liability and commercial property insurance predominately for small businesses, and workers’ compensation insurance primarily for the transportation industry. Its reinsurance activity includes both transactions which are regulated and those that are non-regulated. It offers shopping tools and services, such as Name Your Price, Snapshot, and HomeQuote Explorer.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Progressive Reports Significant Growth in January Premiums
- Premium Revenue Growth: Progressive estimates its January net premiums written at $6.74 billion, a 4% increase from $6.48 billion a year ago, indicating strong market performance and an expanding customer base.
- Net Premiums Earned Forecast: The company anticipates net premiums earned to reach $6.92 billion in January, up 5% from $6.59 billion last year, demonstrating a consistent upward trend in premium income.
- Earnings Per Share Expectation: GAAP EPS is projected at $1.98, reflecting a 4.2% increase from $1.90 a year ago, showcasing improved profitability and enhanced financial health.
- Combined Ratio Projection: The projected combined ratio of 84.4% highlights the company's ongoing underwriting discipline, which is crucial for maintaining profitability and competitive positioning in the market.
See More
Daniel Loeb Reshuffles Third Point Portfolio
- Portfolio Restructuring: Billionaire hedge fund manager Daniel Loeb reshuffled his Third Point LLC portfolio in Q4 2025, adding several new consumer and international investments, indicating a pursuit of market diversification.
- Reduced Mega-Cap Exposure: In the latest Form 13F filing, Loeb trimmed stakes in select mega-cap and semiconductor names, reflecting a cautious stance towards these sectors, possibly due to concerns over market volatility.
- New Buy Highlights: Among the new acquisitions, Loeb focused on consumer goods and international markets, likely aiming to capture opportunities arising from global economic recovery and enhance the growth potential of his portfolio.
- Regulatory Transparency: Loeb's portfolio changes are disclosed through the 13F filing as required by the U.S. Securities and Exchange Commission, increasing transparency for the hedge fund and helping investors better understand its investment strategies and market outlook.
See More
Investors Eye Opportunities in Undervalued Stocks
- Sprouts Farmers Market Undervalued: Sprouts Farmers Market stock has plummeted over 60% since its peak in 2024, now trading at less than 12 times the projected earnings of $5.74 per share, significantly below the analyst target of $108.73, indicating a market misunderstanding of its growth potential in the health food sector.
- Progressive Insurance Value: Progressive stock is currently priced at less than 13 times earnings, with a projected dividend yield of nearly 6.7%, and despite slowing revenue growth, the company continues to perform well in the insurance industry, highlighting its investment appeal.
- PayPal's Market Control: PayPal stock is valued at less than eight times expected earnings of $5.34 per share, and despite fierce competition in the digital payment space, it still commands about 40% of the market, demonstrating its strong position in the industry.
- Potential of New CEO: PayPal is set to welcome new CEO Enrique Lores, who is expected to bring fresh ideas and perspectives, potentially revitalizing the company and helping it maintain its competitive edge in a crowded market.
See More
Analysis of Progressive Corp. Holdings Changes
- Holdings Overview: In the latest 13F filings as of December 31, 2025, Progressive Corp. (PGR) was held by 10 hedge funds, indicating sustained market interest, although these holdings do not fully reflect the funds' overall perspectives.
- Position Changes: Among these funds, 3 increased their PGR positions while 3 decreased theirs, suggesting a divergence in market sentiment that could impact future stock price volatility.
- Aggregate Holdings Growth: The total PGR shares held by hedge funds increased to 131,547,124 as of December 31, 2025, up from 130,767,833 on September 30, 2025, representing an increase of 779,291 shares or approximately 0.60%, reflecting a generally positive outlook on the stock.
- Research Value: Although 13F filings only show long positions, analyzing changes across multiple funds can reveal deeper market trends, providing investors with opportunities for further research.
See More
Progressive Reports Strong 2025 Earnings, Exceeding Expectations
- Earnings Beat: Progressive reported operating earnings per share of $18.27 for 2025, significantly surpassing the consensus estimate of $15.58, driven by robust personal auto policy growth, despite a 23% stock decline since April 2025, highlighting a disconnect between market sentiment and operational performance.
- Reform and Tech Tailwinds: Florida's tort reform has already reduced claims costs and litigation frequency while improving underwriting margins; Shanker argues that autonomous vehicles could enhance capital utilization and underwriting efficiency, particularly benefiting insurers with scale and data advantages.
- Optimistic Outlook: Shanker expects Progressive to exceed consensus again in Q1 2026, with a policy growth forecast of 3.5%, compared to the Street's 2.5% estimate, aligning with historical seasonality that typically favors stronger first-quarter growth.
- Price Forecast: The revised price target of $329 is based on a 19.2x price-to-earnings multiple applied to normalized 2028 EPS of $17.12, and while near-term stock volatility persists, the analyst believes Progressive is well-positioned to continue outperforming expectations due to strong execution and technology-driven efficiency gains.
See More
PROGRESSIVE CORP: BOFA GLOBAL RESEARCH LOWERS PRICE TARGET TO $329 FROM $334
- Price Adjustment: Progressive Corp has reduced its price objective to $329 from $334.
- Market Impact: This adjustment reflects changes in the company's market outlook and performance expectations.
See More
Progressive Reports Significant Growth in January Premiums
- Premium Revenue Growth: Progressive estimates its January net premiums written at $6.74 billion, a 4% increase from $6.48 billion a year ago, indicating strong market performance and an expanding customer base.
- Net Premiums Earned Forecast: The company anticipates net premiums earned to reach $6.92 billion in January, up 5% from $6.59 billion last year, demonstrating a consistent upward trend in premium income.
- Earnings Per Share Expectation: GAAP EPS is projected at $1.98, reflecting a 4.2% increase from $1.90 a year ago, showcasing improved profitability and enhanced financial health.
- Combined Ratio Projection: The projected combined ratio of 84.4% highlights the company's ongoing underwriting discipline, which is crucial for maintaining profitability and competitive positioning in the market.
See More
Daniel Loeb Reshuffles Third Point Portfolio
- Portfolio Restructuring: Billionaire hedge fund manager Daniel Loeb reshuffled his Third Point LLC portfolio in Q4 2025, adding several new consumer and international investments, indicating a pursuit of market diversification.
- Reduced Mega-Cap Exposure: In the latest Form 13F filing, Loeb trimmed stakes in select mega-cap and semiconductor names, reflecting a cautious stance towards these sectors, possibly due to concerns over market volatility.
- New Buy Highlights: Among the new acquisitions, Loeb focused on consumer goods and international markets, likely aiming to capture opportunities arising from global economic recovery and enhance the growth potential of his portfolio.
- Regulatory Transparency: Loeb's portfolio changes are disclosed through the 13F filing as required by the U.S. Securities and Exchange Commission, increasing transparency for the hedge fund and helping investors better understand its investment strategies and market outlook.
See More
Investors Eye Opportunities in Undervalued Stocks
- Sprouts Farmers Market Undervalued: Sprouts Farmers Market stock has plummeted over 60% since its peak in 2024, now trading at less than 12 times the projected earnings of $5.74 per share, significantly below the analyst target of $108.73, indicating a market misunderstanding of its growth potential in the health food sector.
- Progressive Insurance Value: Progressive stock is currently priced at less than 13 times earnings, with a projected dividend yield of nearly 6.7%, and despite slowing revenue growth, the company continues to perform well in the insurance industry, highlighting its investment appeal.
- PayPal's Market Control: PayPal stock is valued at less than eight times expected earnings of $5.34 per share, and despite fierce competition in the digital payment space, it still commands about 40% of the market, demonstrating its strong position in the industry.
- Potential of New CEO: PayPal is set to welcome new CEO Enrique Lores, who is expected to bring fresh ideas and perspectives, potentially revitalizing the company and helping it maintain its competitive edge in a crowded market.
See More
Analysis of Progressive Corp. Holdings Changes
- Holdings Overview: In the latest 13F filings as of December 31, 2025, Progressive Corp. (PGR) was held by 10 hedge funds, indicating sustained market interest, although these holdings do not fully reflect the funds' overall perspectives.
- Position Changes: Among these funds, 3 increased their PGR positions while 3 decreased theirs, suggesting a divergence in market sentiment that could impact future stock price volatility.
- Aggregate Holdings Growth: The total PGR shares held by hedge funds increased to 131,547,124 as of December 31, 2025, up from 130,767,833 on September 30, 2025, representing an increase of 779,291 shares or approximately 0.60%, reflecting a generally positive outlook on the stock.
- Research Value: Although 13F filings only show long positions, analyzing changes across multiple funds can reveal deeper market trends, providing investors with opportunities for further research.
See More
Progressive Reports Strong 2025 Earnings, Exceeding Expectations
- Earnings Beat: Progressive reported operating earnings per share of $18.27 for 2025, significantly surpassing the consensus estimate of $15.58, driven by robust personal auto policy growth, despite a 23% stock decline since April 2025, highlighting a disconnect between market sentiment and operational performance.
- Reform and Tech Tailwinds: Florida's tort reform has already reduced claims costs and litigation frequency while improving underwriting margins; Shanker argues that autonomous vehicles could enhance capital utilization and underwriting efficiency, particularly benefiting insurers with scale and data advantages.
- Optimistic Outlook: Shanker expects Progressive to exceed consensus again in Q1 2026, with a policy growth forecast of 3.5%, compared to the Street's 2.5% estimate, aligning with historical seasonality that typically favors stronger first-quarter growth.
- Price Forecast: The revised price target of $329 is based on a 19.2x price-to-earnings multiple applied to normalized 2028 EPS of $17.12, and while near-term stock volatility persists, the analyst believes Progressive is well-positioned to continue outperforming expectations due to strong execution and technology-driven efficiency gains.
See More
PROGRESSIVE CORP: BOFA GLOBAL RESEARCH LOWERS PRICE TARGET TO $329 FROM $334
- Price Adjustment: Progressive Corp has reduced its price objective to $329 from $334.
- Market Impact: This adjustment reflects changes in the company's market outlook and performance expectations.
See More
