Feed / PGR

The Progressive Corporation

PGR

Financial Services · 215.64 +0.1% today

Isolated · not yet confirmedMarket checked 11 Sept, 12:10 GMT-4

Market read

The Progressive Corporation's current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 6 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.

Company+0.1% todayVolume comparison unavailable
Market group0 of 6 activeProperty & Casualty Insurance · unavailable
Disclosed network0 of 1 confirmingNo filing-linked name is confirming now
What would change this read
  • Direct personal auto quotes fell while conversion rose, making the relationship between shopper volume and policy growth a current operating sensitivity.

Invalidation: The isolated read changes if PGR's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Financial Services · Insurance - Property & Casualty

No new filing conclusion is available. 0 of 6 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • Direct personal auto quotes fell while conversion rose, making the relationship between shopper volume and policy growth a current operating sensitivity.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations601
Usable filing statements174
Verified relationships2
Evidence supporting the case
  • Latest annual revenue changed +16.3% year over year.
  • Net margin changed +1.6 percentage points in the latest annual period.
Evidence challenging the case

No qualifying adverse evidence was identified; that is not proof there is no downside.

Questions before a position
  • P/E is 19% below the available filing-peer median; determine whether growth and quality justify the difference.
  • EV/sales is 16% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 10, 2026

216.23
6m+7.5%12m-11.1%24m-13.3%
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$47.7B+11.8%$5.66-0.1%
2022-12-31$49.6B+4.0%$1.18+0.0%
2023-12-31$62.1B+25.2%$6.58+0.1%
2024-12-31$75.4B+21.4%$14.40+0.0%
2025-12-31$87.7B+16.3%$19.23+0.1%

What management says matters

Persistent and emerging business drivers

Legal and regulatory exposuremixed · 3 filings
The favorable development was primarily due to lower than anticipated loss severity and frequency in Florida and, to a lesser extent, lower than anticipated litigation defense costs across most states.
10-Q · Aug 3, 2026
Demand and volumenegative · 2 filings
The effect the previously discussed rate increases had on written premium per policy for our core commercial auto business was offset by a shift in the mix of business, primarily driven by decreased demand for products in our for-hire transportation BMT.
10-Q · Nov 3, 2025

Valuation discipline

Descriptive valuation snapshot

Price/sales 1.5× · EV/sales 1.5×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Scenarios are withheld for Financial Services until sector-specific earnings and capital metrics are available; generic revenue/P/S scaffolds would be misleading.

Price action

How the market is pricing the story

215.64+0.1% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 12:10 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for PGR. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for PGR. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind PGR

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

UBERUber Technologies, Inc.customerMar 2, 2026

In addition to the BMTs listed above, as of December 31, 2025, we provided commercial auto coverage in the TNC business to Uber Technologies subsidiaries in 14 states.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 1 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

PGR is currently a Early Follower in the organic co-movement group Property & Casualty Insurance. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.