Progressive (PGR)
Writes auto, property and small-business insurance through direct and independent-agent channels.
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Writes personal and commercial auto, residential property, recreational-vehicle and small-business insurance across the United States, earning mainly from premiums and investments. Personal auto dominates a two-segment portfolio sold online, by phone and through independent agents, with pricing shaped by risk segmentation and telematics data.
Underwrites personal auto insurance at the center of a broader U.S. property-casualty portfolio. Personal Lines also includes homeowners, renters, motorcycles, boats and recreational vehicles; Commercial Lines covers business vehicles, small-business property and liability, and transportation-focused workers’ compensation. Policies reach customers online, by phone and through independent agents.
Combines granular risk segmentation, telematics programs such as Snapshot, disciplined expense control and largely in-house vehicle claims handling. Personal auto supplies most premiums, while home bundling broadens customer relationships; operations span the United States.
Earns primarily from insurance premiums and investment income, targeting profitable underwriting before growth. Results depend on matching price to risk and controlling claim costs. State-by-state regulation can restrict or delay rate changes, and the smaller property book carries catastrophe exposure partly transferred through reinsurance.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 21, 2026 | Raymond James | Reiterate | Rating: —Target: $265 | Target: $245 |
| Sep 16, 2026 | Mizuho Securities | Target | Target: $236 | Target: $230 |
| Aug 27, 2026 | UBS | Reiterate | Rating: —Target: $230 | Target: $234 |
| Aug 20, 2026 | Roth Capital | Reiterate | Rating: —Target: $235 | Target: $245 |
| Aug 20, 2026 | Keefe, Bruyette & Woods | Upgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Aug 31, 2026Cash & short-term investments $94.76B · Total debt $0 · Total assets $127.83B · Shareholders' equity $4.91B
- Revenue
- $23.62B
- Operating income
- $4.21B
- Net income
- $3.31B
HistoryDividendAnnual yieldUpcoming
| Institutions | 88.01% | 514.29M shares | |
|---|---|---|---|
| 1,877 holders · as of Jun 30, 2026 | |||
| Insiders | 0.25% | 1.45M shares | |
| 27 holders · as of Sep 2, 2026 | |||
| Other | 11.74% | 68.59M shares | |
| remainder | |||
584.34M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 8.22% | 48.05M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.53% | 38.15M | as of Jun 30, 2026 |
Capital Research Global InvestorsInstitution | 4.54% | 26.55M | as of Jun 30, 2026 |
State Street CorpInstitution | 4.54% | 26.53M | as of Jun 30, 2026 |
Geode Capital Management, LLCInstitution | 2.91% | 17.01M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 1, 2026 | Susan Patricia Griffith | director, officer: President and CEO | −37,338 | $219.50 |
| Aug 20, 2026 | Steven Broz | officer: Chief Information Officer | −1,225 | $219.40 |
| Aug 13, 2026 | Lori A. Niederst | officer: Chief Personal Lines Officer | −7,339 | $209.29 |
| Jul 28, 2026 | Andrew J. Quigg | officer: VP and Chief Financial Officer | −3,499 | $220.00 |
| Jul 27, 2026 | Karen Bailo | officer: Commercial Lines President | −8,452 | $212.71 |
