The Progressive Corporation operates as an insurance company in the United States. The company writes insurance for personal autos and special lines products, including motorcycles, RVs, and watercraft; and personal residential property insurance for homeowners and renters. It also writes auto-related liability and physical damage insurance for comprising dump trucks, log trucks, garbage trucks, tractors, trailers, straight trucks, tow trucks and wreckers, vans, pick-up trucks, and autos; business-related general liability and commercial property insurance for small businesses; and workers’ compensation insurance for the transportation industry. In addition, the company offers other specialty property-casualty insurance and provide related services; personal property reinsurance products; and involved in investment activities. It sells its products through independent insurance agencies, as well as online and over the phone. The Progressive Corporation was founded in 1937 and is headquartered in Mayfield Village, Ohio.
Telematics Trailblaze | Progressive leads in telematics adoption, enhancing risk assessment and personalized pricing, positioning itself for sustained growth in the evolving auto insurance landscape |
Financial Fortitude | Impressive revenue growth of 20.74% and a robust ROE of 34% underscore Progressive's operational efficiency, with EPS projected to rise from $6.11 in 2023 to $21.20 by 2027 |
Competitive Crossroads | Explore Progressive's strategies to maintain market share amid intensifying competition, including high advertising spend and technological innovation in a commoditizing industry |
Analyst Optimism | With an average price target of $288, analysts signal confidence in Progressive's potential, despite challenges. The stock trades near its 52-week high of $292.99 |
Metrics to compare | PGR | Sector Sector - Average of metrics from a broad group of related Financial sector companies | Relationship RelationshipPGRPeersSector | |
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P/E Ratio | 17.6x | 15.8x | 9.1x | |
PEG Ratio | 0.34 | −1.31 | 0.03 | |
Price/Book | 5.3x | 1.5x | 1.0x | |
Price / LTM Sales | 2.0x | 1.1x | 2.7x | |
Upside (Analyst Target) | 12.2% | 9.0% | 14.1% | |
Fair Value Upside | Unlock | 13.1% | 3.0% | Unlock |