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's leadership in telematics technology drives personalized pricing and competitive edge in the auto insurance market, reshaping industry standards |
Financial Fortitude | Robust performance with 21.5% revenue growth and attractive P/E ratio of 13.9, coupled with analyst projections of steady EPS growth and improving combined ratio |
Bundling for Growth | Explore Progressive's strategic focus on bundling auto and home insurance policies to boost customer retention and lifetime value, offsetting single-line policy slowdowns |
Competitive Crossroads | Delve into Progressive's challenges as GEICO restructures and tech-driven insurers emerge, potentially eroding recent market share gains in the direct-to-consumer segment |
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 | 13.6x | 16.5x | 9.8x | |
PEG Ratio | 0.27 | −3.08 | 0.03 | |
Price/Book | 4.3x | 1.6x | 1.0x | |
Price / LTM Sales | 1.7x | 1.2x | 2.9x | |
Upside (Analyst Target) | 11.1% | 3.4% | 13.4% | |
Fair Value Upside | Unlock | 4.8% | 0.8% | Unlock |