— Know what they know.
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Not Investment Advice

PGR

NYSE · USD
The Progressive Corporation
Financial Services · Insurance - Property & Casualty
CEO Susan Patricia Griffith Employees 70,000 R&D / revenue 0.0%
Last price
$218.49+2.22%last session
Market cap
$127.0B
P/E (TTM)
11.0x
From 52w high
−8.7%
From 52w low
+15.5%
1-year return
−1.4%
RSI 14 · vs SMA200
55.2 · +4.8%
IS score
57.3/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

PGR   SPY   XLF (sector ETF) · weekly closes
90100110Jan 26Apr 26Jul 26Oct 26SPY 116XLF 107PGR 99

Score DNA

Each bar is a 0-100 score within the scored universe
59
Profitability
59
Growth
72
Value
84
Momentum
100
Risk (safety)
79
Quality
60
Balance sheet
73
Earnings quality

Flags

Strengths
✓ Congress buying
Warnings
None of the computed warning flags fires for PGR (Altman, Beneish, accruals, FCF, dilution).
Observations
Moat model: Weak, Efficient ScalePiotroski 6 / 9Beta 0.263 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
14 open-market sales, $26.4M
Form 144 notices (12m): 27, $34.2M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
6
Last disclosed purchase 2026-06-16
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+56
202 new holders, 127 closed
1,834 filers hold 88.2% · 691 added, 711 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+256
1,423 funds adding shares
1,167 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
54.0%
20-day avg 42.9%, 50-day avg 41.5%
Latest 11.1 pp over its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$87.6B
Revenue growth YoY+16.3%
Gross margin29.5%
Operating income$14.2B
Operating margin16.2%
Net income$11.3B
Net margin12.9%
EPS (diluted)$19.23
Cash flow
Operating cash flow$17.5B
Capital expenditure$348.0M
Free cash flow$17.2B
FCF conversion (FCF / OCF)98.0%
Stock-based compensation$3
FCF less SBC$17.2B
Buybacks$166.0M
Dividends$2.9B
Balance sheet & returns
Cash & short-term investments$92.8B
Total debt$0
Net cash$92.8B
Shareholders' equity$4.6B
Goodwill & intangibles$0
Debt / equity1.74
ROE (TTM)45.8%
ROIC (TTM)27.1%
Operating margin by fiscal year
8.8%FY20211.9%FY20227.9%FY202314.2%FY202416.2%FY2025
Revenue $47.7B (FY2021) to $87.6B (FY2025), a 16.4% CAGR.

Valuation

P/E (TTM)11.0x
EV / EBITDA8.9x
Price / sales1.38x
Price / FCF8.0x
FCF yield12.56%
Buyback yield0.13%
SBC / revenue0.1%
Price / book26.34x
Forward P/E FY202613.6x
Forward P/E FY202611.9x
Forward P/E FY202713.5x
Forward multiples divide today's price by Street EPS estimates. Street mean target $223.83 across 12 analysts last quarter is theirs, not ours.

PGR vs industry median

95 companies in Insurance - Property & Casualty
Gross margin 48.1% 54.3% Operating margin 16.0% 11.8% Net margin 12.7% 9.5% ROIC 27.1% 6.2%
PGR (TTM)Industry median Asset turnover 0.72 vs industry 0.34 · financial leverage 26.48

Earnings delivery

Next report 2027-01-27 · consensus EPS $4.03
75%
beat rate, 9 of 12 quarters
+6.2%
median EPS surprise
4
longest beat streak
+22+16+31-2+14-3+9-19+5+2+5+7
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2024-01-24 to 2026-10-14. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
PGR The Progressive Corporation $127.0B11.0x45.8%12.7%+16.3% −1.4%
CB Chubb Limited $138.8B12.6x15.5%18.2%+7.6% +34.6%
TRV The Travelers Companies, Inc $81.2B10.1x27.5%15.4%+1.1% +51.2%
ALL The Allstate Corporation $62.7B4.9x46.1%17.6%+5.4% +27.8%
WRB W. R. Berkley Corporation $28.0B15.4x19.8%6.6%+26.0% +5.3%
CINF Cincinnati Financial Corpora $26.3B8.0x21.5%29.4%+19.5% —
MKL Markel Corporation $22.9B10.1x12.6%22.5%+6.7% —
L Loews Corporation $22.6B13.5x10.5%9.4%+4.3% —
12-month window: SPY +15.9%, sector ETF XLF +7.2%. Past returns describe history only.

Recent 8-K filings

2026-10-14Earnings Release; Exhibits
2026-09-18Regulation FD; Exhibits
2026-08-19Regulation FD; Exhibits
2026-08-10Regulation FD; Exhibits
2026-07-15Earnings Release; Exhibits
2026-06-17Officer/Director Change; Regulation FD; Exhibits

Context

Shares outstanding581,100,000
Free float99.7%
Institutional ownership88.2%
Beta0.26
Dividend yield6.36%
Last dividend$0.10 on 2026-10-01
50 / 200-day average$214.71 / $208.66
Large-cap Financial Services median P/E14.0x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Weak).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where PGR sits among 53 scored companies in Insurance - Property & Casualty (0 = lowest value, 100 = highest). It is a position, not a grade. Balance-sheet ratios built for operating companies are n/a for lenders and insurers.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasurePGRIndustry medianIndustry percentileSector median
P/E (TTM) 10.9x 10.5x
58th		 11.9x
PEG (P/E ÷ 3-yr EPS CAGR) 0.12 0.40
11th		 1.04
Price / sales 1.4x 1.2x
58th		 2.5x
Price / book 3.7x 1.9x
86th		 1.3x
Price / tangible book 4.0x 2.1x
84th		 1.6x
Price / free cash flow n/a
Price / operating cash flow n/a
Enterprise value n/a
EV / sales n/a
EV / EBITDA n/a
EV / EBIT n/a
EV / free cash flow n/a
Earnings yield 9.2% 9.2%
50th		 7.9%
FCF yield n/a
Operating cash flow yield n/a
Graham number (per share) $162.67 $75.52
78th		 $50.71

Profitability (TTM)

MeasurePGRIndustry medianIndustry percentileSector median
Gross margin n/a
EBITDA margin n/a
Operating margin 16.2% 14.5%
60th		 23.3%
EBIT margin 16.6% 15.5%
65th		 23.3%
Net margin 12.8% 11.2%
65th		 18.7%
NOPAT margin 12.8% 11.5%
60th		 18.7%
FCF margin n/a
Operating cash flow margin n/a
R&D / revenue 0.0% 0.0%
0th		 0.0%
SG&A / revenue 0.0% 5.7%
0th		 20.1%
Stock comp / revenue 0.1% 0.3%
43rd		 0.7%
Effective tax rate 20.9% 20.9%
54th		 21.0%

Returns on capital

MeasurePGRIndustry medianIndustry percentileSector median
ROE (on average equity) 34.9% 18.3%
90th		 11.9%
ROA 9.7% 3.3%
92nd		 1.4%
ROIC n/a
ROCE n/a
Return on tangible assets 12.5% 4.4%
92nd		 2.0%
Cash ROIC (OCF / invested capital) n/a
Gross profitability (GP / assets) n/a
ROIC, 3-yr average n/a
ROIC, 5-yr average n/a
ROE, 5-yr average 22.3% 10.8%
91st		 10.7%
Incremental ROIC n/a

Growth

MeasurePGRIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 10.5% 8.0%
62nd		 7.1%
Revenue growth (QoQ) 6.5% 7.4%
42nd		 2.8%
Revenue CAGR, 3 yr 17.7% 8.4%
81st		 10.8%
Revenue CAGR, 5 yr 14.8% 7.5%
73rd		 11.3%
Gross profit CAGR, 3 yr n/a
Operating income CAGR, 3 yr 89.9% 19.9%
93rd		 8.8%
Net income growth (TTM YoY) 12.1% 29.7%
19th		 24.7%
Net income CAGR, 3 yr 88.6% 22.9%
90th		 9.4%
EPS growth (TTM YoY) 12.8% 32.1%
16th		 25.1%
EPS CAGR, 3 yr 88.9% 25.3%
86th		 7.3%
EPS CAGR, 5 yr 16.4% 7.7%
73rd		 4.2%
FCF growth (TTM YoY) n/a
FCF CAGR, 3 yr n/a
Operating cash flow CAGR, 3 yr n/a
Book value CAGR, 3 yr 27.3% 12.2%
82nd		 8.9%
Dividend CAGR, 3 yr 41.8% 2.9%
94th		 1.9%
Sustainable growth rate 10.6% 11.8%
44th		 8.3%

Margin history & stability

MeasurePGRIndustry medianIndustry percentileSector median
Gross margin, 3-yr average n/a
Operating margin, 3-yr average 15.0% 10.5%
69th		 21.4%
Net margin, 3-yr average 11.9% 8.2%
77th		 16.5%
FCF margin, 3-yr average n/a
Revenue stability (0-1) 0.96 0.94
69th		 0.86
Earnings stability (0-1) 0.62 0.44
69th		 0.37
Margin stability (0-1) 0.78 0.72
65th		 0.81

Liquidity (latest quarter)

MeasurePGRIndustry medianIndustry percentileSector median
Cash & short-term investments n/a
Net cash (− = net debt) n/a
Working capital n/a
Current ratio n/a
Quick ratio n/a
Cash ratio (cash + ST investments / current liabilities) n/a
Defensive interval (days) n/a

Leverage & solvency (latest quarter)

MeasurePGRIndustry medianIndustry percentileSector median
Total debt n/a
Debt / equity n/a
Net debt / equity n/a
Debt / assets n/a
Debt / capital n/a
Debt / EBITDA n/a
Net debt / EBITDA n/a
Interest coverage (EBIT / interest) n/a
Cash interest coverage n/a
Debt payback (years of OCF) n/a
Liabilities / assets 72.5% 76.7%
25th		 86.2%
IS credit model rating AA+ — —
Implied credit spread (bps) 65 80
2nd		 175

Efficiency

MeasurePGRIndustry medianIndustry percentileSector median
Asset turnover n/a
Fixed asset turnover n/a
Inventory turnover n/a
Receivables turnover n/a
Days sales outstanding n/a
Days inventory outstanding n/a
Days payables outstanding n/a
Cash conversion cycle (days) n/a
Capex / revenue n/a
Capex / depreciation n/a
Operating expense ratio n/a

Cash flow & earnings quality

MeasurePGRIndustry medianIndustry percentileSector median
Operating cash flow / net income n/a
FCF / net income n/a
FCF / operating cash flow n/a
Capex / operating cash flow n/a
Accruals ratio n/a
Sloan accruals ratio n/a
Earnings quality score (0-1) n/a

Dividends & buybacks

MeasurePGRIndustry medianIndustry percentileSector median
Dividend yield 6.4% 1.6%
90th		 2.3%
Dividend per share (TTM) $13.90 $1.28
100th		 $1.03
Payout ratio (dividends / net income) 69.7% 19.5%
89th		 30.0%
Dividends / FCF n/a
Dividend growth (YoY) 185.4% 7.8%
95th		 6.4%
Buyback yield 0.9% 1.5%
40th		 1.7%
Shareholder yield (dividends + buybacks) 7.4% 3.9%
77th		 5.2%
Share count change (YoY) -0.6% -0.8%
64th		 -0.3%
Buybacks, last 5 years $2.2B $125.1M
90th		 $85.3M

Scores & forensic checks

MeasurePGRIndustry medianIndustry percentileSector median
IS score 57 59
46th		 53
IS profitability 59 51
69th		 59
IS growth 59 61
40th		 57
IS value 72 76
42nd		 77
IS momentum 84 86
38th		 76
IS risk (safety) 100 100
19th		 65
IS quality 79 78
69th		 71
IS balance sheet 60 69
19th		 51
IS earnings quality 73 69
83rd		 74
IS cash flow 76 75
54th		 71
Piotroski F-score (0-9) 6 6
33rd		 6
Altman Z-score —
Beneish M-score —
Ohlson O-score −6.89 −6.61
29th		 −6.00
IS credit score 93 87
71st		 68

Per share

MeasurePGRIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $20.02 $4.92
81st		 $3.36
Book value per share $58.76 $37.25
73rd		 $28.13
Tangible book per share $55.33 $23.17
73rd		 $21.49
Revenue per share $155.82 $73.91
87th		 $17.62
FCF per share n/a
Operating cash flow per share n/a
Cash per share n/a

Size (TTM)

MeasurePGRIndustry medianIndustry percentileSector median
Market cap $127.0B $2.5B
98th		 $2.5B
Revenue $91.0B $2.0B
100th		 $1.0B
EBITDA $15.4B $307.4M
98th		 $269.3M
Net income $11.7B $219.9M
98th		 $168.0M
Free cash flow n/a
Total assets $124.9B $6.4B
96th		 $8.5B
Shareholders' equity $34.3B $1.7B
98th		 $1.5B
Employees 70,053 1,800
100th		 1,392

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-10-09Broz Steven
Chief Information Officer
 Award / grant 6——12,516
2026-10-09Bauer Jonathan S.
Chief Investment Officer
 Award / grant 6——12,119
2026-10-09Bailo Karen
Commercial Lines President
 Award / grant 7——14,430
2026-10-09Griffith Susan Patricia
Director, President and CEO
 Award / grant 14——30,254
2026-10-09Day Heather E
CRM President
 Award / grant 3——5,590
2026-10-09Clawson William L. Ii
Chief Human Resources Officer
 Award / grant 5——11,707
2026-10-09Callahan Patrick K
Personal Lines President
 Award / grant 7——15,375
2026-10-09Callahan Patrick K
Personal Lines President
 Award / grant 45——98,348
2026-10-09Quigg Andrew J
VP and Chief Financial Officer
 Award / grant 6——12,649
2026-10-09Pumarejo Maribel
Chief Marketing Officer
 Award / grant 4——7,776
2026-10-09Niederst Lori A
Chief Personal Lines Officer
 Award / grant 6——13,096
2026-10-09Murphy John Jo
Claims President
 Award / grant 6——13,770

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarAprMayJunJulAugSepOct

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired71268,592—
GiftDisposed38,172—
Open-market saleDisposed14123,168$26.4M
Option exerciseAcquired1825—
Option exerciseDisposed1825—
Return to issuerDisposed1107$23,465
Tax withholdingDisposed12108,272$22.9M
—Disposed24,143—
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 27 notices · 159,872 shares · $34.2M
FiledFilerShares proposedEst. proceeds
2026-09-24Broz Steven1,225$250,255
2026-09-01Griffith Susan Patricia37,338$8.2M
2026-08-20Broz Steven1,225$268,765
2026-08-13Niederst Lori A7,339$1.5M
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 32 trades (20 purchases) · Senate 4 (0 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-07-17Gilbert CisnerosHouseSale$1,001 - $15,0002026-09-07
2026-07-17Gilbert CisnerosHouseSale (Partial)$1,001 - $15,0002026-09-07
2026-07-16Gilbert Ray CisnerosHouseSale (Partial)$1,001 - $15,0002026-09-07
2026-06-16Gilbert CisnerosHousePurchase$1,001 - $15,0002026-07-03
2026-03-27Alan ArmstrongSenateSale$15,001 - $50,0002026-07-21
2025-10-27Sheldon WhitehouseSenateSale$15,001 - $50,0002025-11-03
2025-10-27Sheldon WhitehouseSenateSale (Full)$15,001 - $50,0002025-11-03
2025-10-27Sheldon WhitehouseSenateSale (Full)$15,001 - $50,0002025-11-02
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.48,048,848$10.5B8.27%
VANGUARD CAPITAL MANAGEMENT LLC38,148,192$8.3B6.56%
Capital Research Global Investors26,549,107$5.8B4.57%
STATE STREET CORP26,526,959$5.8B4.56%
GEODE CAPITAL MANAGEMENT, LLC17,009,978$3.7B2.93%
Capital World Investors12,490,946$2.7B2.15%
BANK OF AMERICA CORP /DE/12,278,975$2.7B2.11%
VANGUARD PORTFOLIO MANAGEMENT LLC11,686,468$2.6B2.01%
FMR LLC11,213,445$2.4B1.93%
JPMORGAN CHASE & CO8,937,943$2.0B1.54%
MORGAN STANLEY8,791,957$1.9B1.51%
NORGES BANK8,647,114$1.9B1.49%
Capital International Investors7,704,091$1.7B1.33%
MASSACHUSETTS FINANCIAL SERVICES CO /MA/7,663,770$1.7B1.32%
GQG Partners LLC7,043,101$1.5B1.21%

Institutional ownership by quarter

2023-092026-0688.2%
% of shares held by 13F filers
2023-092026-061,834
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-301,83488.2%202691711127
2026-03-311,77887.6%170705692195
2025-12-311,83787.2%240672713170
2025-09-301,80385.3%115678769196
2025-06-301,91386.7%206791659120
2025-03-311,85187.0%238729662123
2024-12-311,76786.4%247683606111
2024-09-301,66185.2%22764757381
2024-06-301,53185.3%15663651771
2024-03-311,46785.9%21855551168
2023-12-311,33286.0%24042150663
2023-09-301,17586.6%109438456101

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-04-30SCHEDULE 13GVanguard Capital Management7.5%44,078,585
2026-03-27SCHEDULE 13G/AThe Vanguard Group0.0%0
2025-07-17SCHEDULE 13G/ABlackRock, Inc.7.2%42,063,844
2025-02-05SCHEDULE 13G/ABlackRock, Inc.9.0%52,606,862
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.16%$3.8B
VSMPX0.16%$3.8B
VTSAX0.16%$3.8B
VTI0.16%$3.8B
VOO0.18%$3.2B
VFFSX0.18%$3.2B

Share structure

Shares outstanding581,100,000
Float579,548,463
Free float99.7%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$47.7B$49.6B$62.1B$75.3B$87.6B
Cost of revenue$37.3B$42.0B$50.3B$54.4B$61.8B
Gross profit$10.3B$7.5B$11.8B$20.9B$25.8B
R&D$0$0$0$0$0
SG&A$0$0$0$0$0
Operating income$4.2B$922.0M$4.9B$10.7B$14.2B
EBITDA$4.8B$1.5B$5.5B$11.3B$14.8B
Pretax income$4.2B$922.0M$4.9B$10.7B$14.2B
Income tax$859.1M$200.0M$1.0B$2.2B$2.9B
Net income$3.4B$722.0M$3.9B$8.5B$11.3B
EPS, diluted$5.66$1.18$6.58$14.40$19.23
Diluted shares587.1M587.1M587.5M587.7M588.2M

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$45.0B$49.7B$62.3B$76.1B$92.8B
Receivables$14.4B$16.2B$17.1B$19.1B$16.4B
Inventory$0$0$0$0$0
Total current assets$59.8B$66.3B$79.6B$23.3B$109.2B
PP&E, net$1.1B$1.0B$881.0M$790.0M$0
Goodwill & intangibles$570.0M$314.2M$1.9B$2.2B$0
Total assets$71.1B$75.5B$88.7B$105.7B$91.1B
Accounts payable$6.1B$5.5B$0$0$0
Total current liabilities$6.1B$5.5B$0$0$0
Long-term debt$4.9B$6.4B$6.9B$6.9B$0
Total liabilities$52.9B$59.6B$68.4B$80.2B$86.5B
Shareholders' equity$18.2B$15.9B$20.3B$25.6B$4.6B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$3.4B$721.5M$3.9B$8.5B$11.3B
Depreciation & amortization$337.4M$336.6M$299.7M$284.0M$313.0M
Stock-based compensation$100.7M$122.7M$121.3M$122.0M$3
Change in working capital$5.4B$3.6B$6.6B$6.5B$6.6B
Operating cash flow$7.8B$6.8B$10.6B$15.1B$17.5B
Capital expenditure−$243.5M−$292.0M−$252.0M−$285.0M−$348.0M
Free cash flow$7.5B$6.6B$10.4B$14.8B$17.2B
Investing cash flow−$3.1B−$8.0B−$10.8B−$13.7B−$14.5B
Net debt issued / repaid−$520.0M$1.5B$496.3M$0$0
Buybacks−$223.0M−$99.0M−$140.7M−$634.0M−$166.0M
Dividends paid−$3.8B−$260.8M−$277.6M−$682.0M−$2.9B

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin21.7%15.2%18.9%27.7%26.5%
Operating margin8.8%1.9%7.9%14.2%16.2%
Net margin7.0%1.5%6.3%11.3%12.9%
FCF margin15.8%13.2%16.7%19.7%19.6%
ROE19.0%4.2%21.6%37.0%75.0%
ROIC-15.3%-2.6%-11.1%-19.4%-12.8%
ROA5.0%1.0%4.8%8.7%11.5%
Debt / equity0.270.400.340.270.00
Interest coverage20.3x4.8x19.3x39.4x52.2x
Current ratio9.8611.98———
Revenue growth+11.8%+4.0%+25.2%+21.4%+16.3%
EPS growth−41.1%−78.6%+440.5%+117.2%+33.2%
P/E at year end17.3x102.5x23.4x16.3x11.1x
EV / EBITDA at year end3.8x20.4x6.5x6.1x2.2x
FCF yield at year end12.95%8.87%11.40%10.75%13.66%
Dividend payout112.6%36.1%7.1%8.0%25.4%

Revenue by segment

FY2021FY2022FY2023FY2024FY2025
Personal Lines Segment—$37.9B$46.2B$61.0B$71.8B
Direct Channel$18.5B————
Agency Channel$16.9B————
Commercial Lines Segment—$9.1B$9.9B$10.9B$11.0B
Property Segment—$2.3B$2.6B——

Street estimates by fiscal year

Next report 2027-01-27 · consensus EPS $4.03 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$90.4B$87.2B – $93.2B$16.05$14.07 – $17.581513.6x
2026$88.2B$87.2B – $89.8B$18.33$16.32 – $19.141511.9x
2027$97.4B$93.4B – $102.9B$16.15$14.97 – $17.431313.5x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-10-14$4.35$4.66+7.1%$22.6B$22.3B−1.4%
2026-07-15$4.64$4.85+4.5%$19.5B$21.1B+8.2%
2026-04-15$4.85$4.96+2.3%$23.0B$23.6B+2.9%
2026-01-28$4.44$4.67+5.2%$20.3B$19.5B−3.9%
2025-10-15$4.99$4.05−18.8%$21.8B$22.5B+3.3%
2025-07-16$4.48$4.88+8.9%$20.5B$22.0B+7.5%
2025-04-16$4.79$4.65−2.9%$21.5B$20.4B−5.0%
2025-01-29$3.57$4.08+14.3%$18.3B$20.3B+10.8%
2024-10-15$3.67$3.59−2.2%$19.0B$19.7B+3.6%
2024-07-16$2.02$2.65+31.2%$17.6B$17.8B+1.0%
2024-05-15$3.21$3.73+16.2%$17.3B$17.2B−0.6%
2024-01-24$2.43$2.97+22.2%$18.1B$16.9B−6.9%
2023-10-13$1.72$2.09+21.5%$14.5B$15.6B+7.2%
2023-07-13$0.88$0.50−43.2%$15.3B$15.3B+0.1%
2023-04-13$1.37$0.63−54.0%$14.6B$14.3B−2.1%
2023-01-25$1.43$1.52+6.3%$12.7B$13.5B+5.7%
2022-10-13$1.24$0.49−60.5%$13.3B$12.8B−3.9%
2022-07-15$0.95$0.950.0%$12.5B$11.5B−7.7%
2022-04-14$1.24$1.12−9.7%$12.9B$11.8B−8.5%
2022-01-26$0.99$1.05+6.1%$10.8B$12.5B+15.9%
2021-10-14$0.21$0.14−33.3%$10.8B$11.9B+9.9%
2021-07-15$1.17$1.51+29.1%$11.5B$11.9B+3.2%
2021-04-15$1.78$1.72−3.4%—$11.4B—
2021-01-27$1.68$1.83+8.9%—$11.4B—

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.806-151.406-220.806-290.707-061.307-130.807-200.707-270.508-030.608-101.008-170.408-240.608-31
Week ofNotionalSharesTrades
2026-08-31$560.0M2,532,11263,453
2026-08-24$408.5M1,846,04059,201
2026-08-17$1.0B4,733,73598,841
2026-08-10$627.6M2,976,24565,805
2026-08-03$493.0M2,326,17868,670
2026-07-27$700.4M3,233,03482,057

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1554.0%
DateShort shareShort volumeTotal volume
2026-10-1554.0%770,8511,427,922
2026-10-1448.5%1,528,8293,152,035
2026-10-1352.7%658,0071,247,458
2026-10-1253.6%342,918639,276
2026-10-0948.3%244,485506,301
2026-10-0853.8%532,016988,165
2026-10-0756.7%599,2341,057,144
2026-10-0644.7%389,024871,159
2026-10-0548.9%522,1151,067,865
2026-10-0246.0%424,343923,007
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
+1.1Jan+3.2Feb+2.8Mar+1.4Apr+1.4May-1.3Jun-0.8Jul+2.3Aug+0.3Sep-0.3Oct+1.9Nov+2.1Dec
MonthAvg returnUp yearsYears
Jan+1.1%60%20
Feb+3.2%70%20
Mar+2.8%62%21
Apr+1.4%60%20
May+1.4%70%20
Jun−1.3%50%20
Jul−0.8%45%20
Aug+2.3%60%20
Sep+0.3%70%20
Oct−0.3%45%20
Nov+1.9%60%20
Dec+2.1%60%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1455.2
MFI75.6
ADX15.2
Stochastic %K / %D62.5 / 71.4
Williams %R-23.0
CCI79
TSI / signal5.0 / -0.7
Chaikin money flow0.16
ATR$5.68
Bollinger width10.3%
Volume vs 20-day avg0.60x
SupertrendUp

Moving averages and bands

level (price vs level)
SMA 20$212.08 (+3.0%)
SMA 50$214.75 (+1.7%)
SMA 200$208.52 (+4.8%)
EMA 21$214.76 (+1.7%)
EMA 50$214.24 (+2.0%)
EMA 200$214.65 (+1.8%)
Bollinger upper$223.04 (−2.0%)
Bollinger lower$201.13 (+8.6%)
Parabolic SAR$222.88 (−2.0%)
Open the live chart, 110+ indicators

About The Progressive Corporation

The Progressive Corporation, an insurance holding company, offers a comprehensive range of insurance products and associated services across the United States. Its portfolio includes personal and commercial vehicle coverage, residential and commercial property protection, general liability, and various other specialized property-casualty insurance options. The company's operations are structured into three main divisions: Personal Lines, Commercial Lines, and Property. Within the Personal Lines segment, Progressive provides coverage for individual automobiles and recreational vehicles. Offerings range from standard personal auto policies to specialized options for motorcycles, all-terrain vehicles (ATVs), RVs, watercraft, snowmobiles, and similar forms of personal transport. The Commercial Lines division focuses on providing primary liability and physical damage insurance for business vehicles, alongside general liability and property insurance tailored for commercial applications. This segment insures a diverse array of vehicles, including cars, vans, pickup trucks, and dump trucks for small businesses; tractors, trailers, and straight trucks for regional freight, expedited shipping, and long-haul transport companies; heavy-duty vehicles like dump trucks, log trucks, and garbage trucks used in industries such as construction, logging, and mining; and tow trucks and wreckers for towing and service stations, as well as various non-fleet taxis and premium car services. The Property segment offers residential insurance solutions for homeowners, other property owners, and renters. Its portfolio further extends to include personal umbrella policies and both primary and excess flood insurance. Beyond underwriting, the company facilitates policy issuance and claims adjusting. It also serves as an agent for various additional insurance products, such as homeowner general liability and workers' compensation, and provides reinsurance services. Progressive's products are distributed through independent insurance agencies, as well as directly to consumers via its online platforms (including mobile access) and telephone channels. Established in 1937, The Progressive Corporation maintains its headquarters in Mayfield, Ohio.

https://www.progressive.com

Key executives

NameTitlePayBorn
Susan Patricia GriffithPresident, Chief Executive Officer & Director$6.7M1964
Andrew John QuiggVice President & Chief Financial Officer$3.1M1979
Patrick K. CallahanPresident of Personal Lines$2.8M1970
Karen Barone BailoPresident of Commercial Lines$2.4M1968
John Joseph MurphyPresident of Claims$1.9M1969
Mari PumarejoChief Marketing Officer$512,6921972
Douglas S. ConstantineDirector of Investor Relations——
Jonathan S. BauerChief Investment Officer—1978

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Susan Patricia Griffith President and Chief Executive Officer2025$1.1M$11.0M$5.4M$17.7M
John P. Sauerland Vice President and Chief Financial Officer2025$770,385$3.1M$2.3M$6.2M
Patrick K. Callahan Personal Lines President2025$697,692$2.6M$2.1M$5.4M
Karen B. Bailo Commercial Lines President2025$670,962$1.7M$1.7M$4.0M
John Murphy Claims President2025$627,115$1.6M$1.2M$3.5M

Employees

37k201842k201943k202049k202155k202261k202366k202470k2025

Dividends

Ex-dateAmountPaid
2026-10-01$0.12026-10-09
2026-07-02$0.12026-07-10
2026-04-02$0.12026-04-10
2026-01-02$13.62026-01-08
2025-10-02$0.12025-10-10
2025-07-03$0.12025-07-11
2025-04-03$0.12025-04-11
2025-01-10$4.62025-01-16

Moat model

Weak · Efficient Scale · 2026-06-30
Cost advantage77
Intangibles26
Switching costs43
Network effect60
Efficient scale78
Our component scores (0-100) and overall 53.4; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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