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 homes, condos, manufactured homes, 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 place business owner's policies, general and professional liability, and workers' compensation insurance. 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.
IPO Year:
Exchange: NYSE
Website: progressive.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/7/2025 | $290.00 | Overweight → Equal-Weight | Morgan Stanley |
| 4/28/2025 | $312.00 | Neutral → Buy | BofA Securities |
| 4/17/2025 | $288.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 4/4/2025 | $287.00 | Buy → Neutral | BofA Securities |
| 12/26/2024 | $305.00 | Mkt Perform → Outperform | Raymond James |
| 12/10/2024 | $267.00 | Buy → Hold | HSBC Securities |
| 9/5/2024 | $367.00 | Equal Weight | Barclays |
| 8/15/2024 | $230.00 → $262.00 | Neutral → Buy | Goldman |
| 8/12/2024 | $253.00 | Hold → Buy | HSBC Securities |
| 7/17/2024 | $210.00 → $245.00 | Mkt Perform → Outperform | Keefe Bruyette |
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MAYFIELD VILLAGE, OHIO, July 16, 2025 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month and quarter ended June 30, 2025: JuneQuarter(millions, except per share amounts and ratios; unaudited)2025 2024 Change2025 2024 ChangeNet premiums written$6,605 $5,749 15%$20,076 $17,902 12%Net premiums earned$6,954 $5,777 20%$20,310 $17,209 18%Net income$1,124 $803 40%$3,175 $1,459 118%Per share available to common shareholders$1.91 $1.37 40%$5.40 $2.48 118%Total pretax net realized gains (losses) on securities$179 $22 NM $387 $(127) (405)%Combined ratio86.6 86.2 0.4pts.86.2 91.9 (5.7)pts.Average diluted equivalent common shares588.0 587.4 0
The insurance provider collaborates with DC and Warner Bros. Pictures to bring superhero moments to life and showcase its in-app safety technology MAYFIELD VILLAGE, Ohio, July 8, 2025 /PRNewswire/ -- Progressive Insurance is teaming up with DC and Warner Bros. and the upcoming DC Studios Superman film to shine a light on its in-app safety feature, Accident Response – a real-time resource designed to help drivers when they need it most. To bring the experience to life, Progressive is debuting a life-sized, comic-inspired diorama at the film's world premiere, giving attendees the chance to strike their best superhero pose.
A technology-first insurance company is redefining how actuaries and enterprises scale embedded insurance. AUSTIN, Texas, June 18, 2025 /PRNewswire/ -- Roamly, a global leader in digital insurance technology and solutions, has been named a Celent 2025 Model Insurer Award winner for the category Innovation Execution by Celent, a global research and advisory firm in financial services. The 19th annual award recognizes Roamly for driving AI-powered innovation in insurance technology through the development of its proprietary Actuarial Rater™, a breakthrough tool that is transforming how actuaries manage and deploy rating plans across complex, multi-state environments.
MAYFIELD VILLAGE, OHIO, June 18, 2025 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended May 31, 2025: May(millions, except per share amounts and ratios; unaudited) 2025 2024 ChangeNet premiums written$6,634 $5,975 11 %Net premiums earned$6,715 $5,857 15 %Net income$1,065 $235 353 %Per share available to common shareholders$1.81 $0.40 352 %Total pretax net realized gains (losses) on securities$211 $118 79 %Combined ratio 86.9 100.4 (13.5)pts.Average diluted equivalent common shares 587.7 587.4 0 % May 31,(thousands; unaudited)2025 2024 % ChangePolicies in Force Personal Lines Agency – auto10,341 8,869 17Direc
Insurer aims to empower first-generation homebuyers with resources focused on affordability, education, and stability MAYFIELD VILLAGE, Ohio, June 2, 2025 /PRNewswire/ -- Progressive Insurance is deepening its commitment to helping people move forward and live fully with the launch of a new initiative: Open the House. This multi-year program is designed to address the unique challenges aspiring homebuyers face in their pursuit of homeownership. Focused on economic empowerment, Open the House provides tools, information, and resources to help prospective buyers get into a home, stay in their home, and build long-term wealth. As part of this effort, Progressive is also introducing The UpPaymen
MAYFIELD VILLAGE, OHIO, May 21, 2025 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended April 30, 2025: April(millions, except per share amounts and ratios; unaudited)2025 2024 ChangeNet premiums written$6,837 $6,178 11 %Net premiums earned$6,641 $5,575 19 %Net income$986 $421 134 %Per share available to common shareholders$1.68 $0.72 134 %Total pretax net realized gains (losses) on securities$(3) $(267) (99)%Combined ratio 84.9 89.0 (4.1)pts.Average diluted equivalent common shares 587.7 587.4 0 % April 30,(thousands; unaudited)2025 2024 % ChangePolicies in Force Personal Lines Agency – auto10,246 8,
Applications Now Open for Small Business Owners Seeking Support for Commercial Vehicle Needs MAYFIELD VILLAGE, Ohio, May 12, 2025 /PRNewswire/ -- Progressive Insurance®, in cooperation with Hello Alice, today announced the opening of the 2025 Driving Small Business Forward grant application, committing $1 million in grants to empower small businesses across the United States. Twenty recipients will be awarded $50,000 each to go toward the purchase of a commercial vehicle and related expenses. "Our mission extends beyond simply providing funds; we're investing in the growth of
MAYFIELD VILLAGE, OHIO, April 29, 2025 (GLOBE NEWSWIRE) -- As previously announced, The Progressive Corporation (NYSE:PGR) will host an Investor Relations conference call on Tuesday, May 6, 2025, beginning at 9:30 a.m. eastern time. This quarterly call, which will consist of both a conference call and audio-only webcast, is scheduled to last 60 minutes and will consist of a question-and-answer session with Tricia Griffith, our CEO, and John Sauerland, our CFO. Call-in participants will be able to ask questions via phone, however, webcast participants will not be able to submit questions online. On May 5, 2025, Progressive expects to file its Quarterly Report on Form 10-Q with the Securiti
The insurance provider remains committed to culture, career advancement and flexible workplace offerings MAYFIELD VILLAGE, Ohio, April 28, 2025 /PRNewswire/ -- Progressive Insurance intends to hire thousands of people in 2025 to support its continued year-over-year growth. In addition to its growth-driven hiring plans, the No. 2 auto insurer in the U.S. continues its commitment to flexible workplace offerings with a mix of remote, in-office and hybrid roles available across claims, customer care, IT, analyst, legal, and corporate functions. Over the past decade, the organizati
Insurance provider expands Motor Truck Cargo coverage to offer broader protection MAYFIELD VILLAGE, Ohio, April 16, 2025 /PRNewswire/ -- Progressive Insurance today announced the launch of Cargo Plus, a new endorsement that expands Motor Truck Cargo coverage purchased by for-hire truckers and other eligible customers. Motor Truck Cargo coverage offers protection in the event a trucker is legally liable for damage to covered property while in the trucker's exclusive physical custody and control. The new Cargo Plus endorsement protects truckers by expanding coverage for perils a
Morgan Stanley downgraded Progressive from Overweight to Equal-Weight and set a new price target of $290.00
BofA Securities upgraded Progressive from Neutral to Buy and set a new price target of $312.00
Keefe Bruyette downgraded Progressive from Outperform to Mkt Perform and set a new price target of $288.00
BofA Securities downgraded Progressive from Buy to Neutral and set a new price target of $287.00
Raymond James upgraded Progressive from Mkt Perform to Outperform and set a new price target of $305.00
HSBC Securities downgraded Progressive from Buy to Hold and set a new price target of $267.00
Barclays initiated coverage of Progressive with a rating of Equal Weight and set a new price target of $367.00
Goldman upgraded Progressive from Neutral to Buy and set a new price target of $262.00 from $230.00 previously
HSBC Securities upgraded Progressive from Hold to Buy and set a new price target of $253.00
Keefe Bruyette upgraded Progressive from Mkt Perform to Outperform and set a new price target of $245.00 from $210.00 previously
MAYFIELD VILLAGE, OHIO, April 29, 2025 (GLOBE NEWSWIRE) -- As previously announced, The Progressive Corporation (NYSE:PGR) will host an Investor Relations conference call on Tuesday, May 6, 2025, beginning at 9:30 a.m. eastern time. This quarterly call, which will consist of both a conference call and audio-only webcast, is scheduled to last 60 minutes and will consist of a question-and-answer session with Tricia Griffith, our CEO, and John Sauerland, our CFO. Call-in participants will be able to ask questions via phone, however, webcast participants will not be able to submit questions online. On May 5, 2025, Progressive expects to file its Quarterly Report on Form 10-Q with the Securiti
MAYFIELD VILLAGE, OHIO, March 10, 2025 (GLOBE NEWSWIRE) -- On March 7, 2025, the Board of Directors of The Progressive Corporation (NYSE:PGR) declared a $0.10 per common share dividend, payable April 11, 2025, to shareholders of record at the close of business on April 3, 2025. About ProgressiveProgressive Insurance® makes it easy to understand, buy and use car insurance, home insurance, and other protection needs. Progressive offers choices so consumers can reach us however it's most convenient for them — online at progressive.com, by phone at 1-800-PROGRESSIVE, via the Progressive mobile app, or in-person with a local agent. Progressive provides insurance for personal and commercial au
MAYFIELD VILLAGE, OHIO, Feb. 25, 2025 (GLOBE NEWSWIRE) -- As previously announced, The Progressive Corporation (NYSE:PGR) will host an Investor Relations event on Tuesday, March 4, 2025, beginning at 9:30 a.m. eastern time. This event, which will consist of both a conference call and webcast, is scheduled to last 90 minutes and will begin with an approximate 45-minute presentation on our claims process and technology, followed by a question-and-answer session with Tricia Griffith, our CEO, and John Sauerland, our CFO. Call-in participants will be able to ask questions via phone, however, webcast participants will not be able to submit questions online. On March 3, 2025, Progressive expect
MAYFIELD VILLAGE, OHIO, Dec. 09, 2024 (GLOBE NEWSWIRE) -- On December 6, 2024, the Board of Directors of The Progressive Corporation (NYSE:PGR) declared an annual common share dividend, in the amount of $4.50 per share, and a quarterly common share dividend, in the amount of $0.10 per share. Both the annual and quarterly dividends are payable January 16, 2025, to shareholders of record at the close of business on January 9, 2025. The annual dividend amount for 2024 was determined by the Board based on our capital position, existing capital resources, and expected current and future capital needs. The Board is expected to continue to declare quarterly dividends for 2025. The Board also se
MAYFIELD VILLAGE, OHIO, Oct. 29, 2024 (GLOBE NEWSWIRE) -- As previously announced, The Progressive Corporation (NYSE:PGR) will host an Investor Relations conference call on Tuesday, November 5, 2024, beginning at 9:30 a.m. eastern time. This quarterly call, which will consist of both a conference call and audio-only webcast, is scheduled to last 60 minutes and will consist of a question-and-answer session with Tricia Griffith, our CEO, and John Sauerland, our CFO. Call-in participants will be able to ask questions via phone, however, webcast participants will not be able to submit questions online. On November 4, 2024, Progressive expects to file its Quarterly Report on Form 10-Q with the
MAYFIELD VILLAGE, OHIO, Aug. 05, 2024 (GLOBE NEWSWIRE) -- On August 2, 2024, the Board of Directors of The Progressive Corporation (NYSE:PGR) declared a $0.10 per common share dividend, payable October 11, 2024, to shareholders of record at the close of business on October 3, 2024. About ProgressiveProgressive Insurance® makes it easy to understand, buy and use car insurance, home insurance, and other protection needs. Progressive offers choices so consumers can reach us however it's most convenient for them — online at progressive.com, by phone at 1-800-PROGRESSIVE, via the Progressive mobile app, or in-person with a local agent. Progressive provides insurance for personal and commercia
MAYFIELD VILLAGE, OHIO, July 30, 2024 (GLOBE NEWSWIRE) -- As previously announced, The Progressive Corporation (NYSE:PGR) will host an Investor Relations event on Tuesday, August 6, 2024, beginning at 9:30 a.m. eastern time. This event, which will consist of both a conference call and webcast, is scheduled to last 90 minutes and will begin with an approximate 45-minute presentation on acquiring policies in our Direct channel, followed by a question-and-answer session with Tricia Griffith, our CEO, and John Sauerland, our CFO. Call-in participants will be able to ask questions via phone, however, webcast participants will not be able to submit questions online. On August 5, 2024, Progr
MAYFIELD VILLAGE, OHIO, April 30, 2024 (GLOBE NEWSWIRE) -- As previously announced, The Progressive Corporation (NYSE:PGR) will host an Investor Relations conference call on Tuesday, May 7, 2024, beginning at 9:30 a.m. eastern time. This quarterly call, which will consist of both a conference call and audio-only webcast, is scheduled to last 60 minutes and will consist of a question-and-answer session with Tricia Griffith, our CEO, and John Sauerland, our CFO. Call-in participants will be able to ask questions via phone, however, webcast participants will not be able to submit questions online. On May 6, 2024, Progressive expects to file its Quarterly Report on Form 10-Q with the Securiti
MAYFIELD VILLAGE, OHIO, March 04, 2024 (GLOBE NEWSWIRE) -- On March 1, 2024, the Board of Directors of The Progressive Corporation (NYSE:PGR) declared a $0.10 per common share dividend, payable April 12, 2024, to shareholders of record at the close of business on April 4, 2024 (ex-dividend date of April 3, 2024). About ProgressiveProgressive Insurance® makes it easy to understand, buy and use car insurance, home insurance, and other protection needs. Progressive offers choices so consumers can reach us however it's most convenient for them — online at progressive.com, by phone at 1-800-PROGRESSIVE, via the Progressive mobile app, or in-person with a local agent. Progressive provides insu
MAYFIELD VILLAGE, OHIO, Feb. 20, 2024 (GLOBE NEWSWIRE) -- As previously announced, The Progressive Corporation (NYSE:PGR) will host an Investor Relations event on Tuesday, February 27, 2024, beginning at 9:30 a.m. eastern time. This event, which will consist of both a conference call and webcast, is scheduled to last 90 minutes and will begin with an approximate 45-minute presentation on our Destination Era strategy, followed by a question-and-answer session with Tricia Griffith, our CEO, and John Sauerland, our CFO. Call-in participants will be able to ask questions via phone, however, webcast participants will not be able to submit questions online. On February 26, 2024, Progressive exp
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Seasoned Leader Will Strengthen Advent's Fintech Practice Advent International ("Advent"), one of the largest and most experienced global private equity investors, today announced the appointment of Kahina Van Dyke as an Operating Partner. Van Dyke will play a key role in further building out Advent's fintech franchise, working collaboratively with the firm's Technology and Business & Financial Services teams to identify new opportunities and support the management teams of its relevant portfolio companies. "We're thrilled to welcome Kahina as an advisor to Advent given her experience across banking, payments and technology," said Eric Noeth, Managing Director at Advent. "Kahina has bee
MAYFIELD VILLAGE, OHIO, March 06, 2023 (GLOBE NEWSWIRE) -- On March 3, 2023, the Board of Directors of The Progressive Corporation (NYSE:PGR) declared a $0.10 per common share dividend, payable April 14, 2023, to shareholders of record at the close of business on April 6, 2023 (ex-dividend date of April 5, 2023). In addition, on March 3, 2023, The Progressive Corporation appointed itself as calculation agent for its Series B Fixed-to-Floating Rate Cumulative Perpetual Serial Preferred Shares. The floating rate period for the Series B shares begins on March 15, 2023. About ProgressiveProgressive Insurance® makes it easy to understand, buy and use car insurance, home insurance, and other p
MAYFIELD VILLAGE, Ohio, March 10, 2021 /PRNewswire/ -- (NYSE: PGR) – Progressive Insurance today announced Jeff Charney's intention to retire as Chief Marketing Officer of Progressive, a position he has held since 2010.The early announcement of Charney's retirement was made to allow for ample time to conduct an external search for his successor. Charney's expected retirement date is January 2022, but the timing will be dependent on finding his replacement and ensuring a seamless transition. (PRNewsfoto/Progressive Insurance) (PRNewsfoto/Progressive Insurance) "Jeff and I have been talking about this for a few years. He wanted to leave at the top of his g