Company Performance - Progressive's stock has increased by 12.7% over the past month and reached a new 52-week high of $270.79 [1] - Year-to-date, the stock has gained 12.5%, outperforming the Zacks Finance sector's 6.4% and the Zacks Insurance - Property and Casualty industry's 5.5% [1] Earnings and Revenue Expectations - For the current fiscal year, Progressive is projected to report earnings of $14.51 per share on revenues of $87.39 billion, reflecting a 3.27% increase in EPS and a 16.36% increase in revenues [3] - For the next fiscal year, earnings are expected to rise to $15.38 per share on $96.38 billion in revenues, indicating year-over-year changes of 6.05% and 10.28%, respectively [3] Valuation Metrics - Progressive has a Value Score of B, a Growth Score of A, and a Momentum Score of D, resulting in a combined VGM Score of A [6] - The stock trades at 18.6 times the current fiscal year EPS estimates, which is a premium compared to the peer industry average of 11 times [7] - On a trailing cash flow basis, the stock trades at 39.8 times versus the peer group's average of 11.5 times, with a PEG ratio of 0.68 [7] Zacks Rank - Progressive holds a Zacks Rank of 2 (Buy) due to rising earnings estimates, indicating potential for further stock price appreciation [8] Industry Comparison - The Insurance - Property and Casualty industry is performing well, ranking in the top 26% of all industries, providing favorable conditions for both Progressive and its peer, Palomar Holdings, Inc. [11]

MAYFIELD VILLAGE, OHIO, Feb. 19, 2025 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended January 31, 2025:  January(millions, except per share amounts and ratios; unaudited) 2025  2024 ChangeNet premiums written$6,481 $5,496 18 %Net premiums earned$6,586 $5,386 22 %Net income$1,117 $701 59 %Per share available to common shareholders$1.90 $1.18 61 %Total pretax net realized gains (losses) on securities$109 $17 NM  Combined ratio 84.1  87.3 (3.2 ...

Investors interested in Insurance - Property and Casualty stocks are likely familiar with Progressive (PGR) and Kinsale Capital Group, Inc. (KNSL) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank favors stocks with strong ...

Investors looking for stocks in the Insurance - Property and Casualty sector might want to consider either Progressive (PGR) or Kinsale Capital Group, Inc. (KNSL) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The prov ...

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium also includes the Zacks Style Scores. What are the Zacks Style Scores? The Zacks Style ...

For Immediate ReleaseChicago, IL – February 7, 2025 – Today, Zacks Equity Research Equity are The Progressive Corp. (PGR) , Chubb Ltd. (CB) , The Travelers Companies (TRV) , The Allstate Corp. (ALL) and Arch Capital Group (ACGL) .Industry: P&C InsuranceLink: https://www.zacks.com/commentary/2411409/5-pc-insurers-to-watch-amid-soft-pricing-low-interest-rateThe Zacks Property and Casualty Insurance (P&C) industry is likely to benefit from better pricing, prudent underwriting and exposure growth. Industry play ...

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.It also includes access to the Zacks Style Scores. What are the Zacks Style Scores? Developed alo ...

Mr. Mavroudis is a professional portfolio manager specializing in institutional and private portfolios. He focuses on risk management, which is accompanied by in-depth financial market analysis (fundamental, macro and technical) to control the risk undertaken by the portfolios. He invests in all financial instruments globally (stocks, bonds, fx, commodities), restructuring investment portfolios based on prevailing conditions and the needs of each client-investor. Mr. Mavroudis has successfully navigated all ...

The Progressive Corporation (PGR) reported solid fourth-quarter 2024 results, wherein both the top and bottom lines increased year over year. Net premiums written improved 20%, driven by the strong performance of operating businesses.Combined ratio — the percentage of premiums paid out as claims and expenses — improved 80 basis points (bps) from the prior-year quarter’s level to 87.9%.PGR is one of the country’s largest auto insurance groups, the largest seller of motorcycle and boat policies, the market le ...

Core Insights - Progressive reported strong fourth-quarter results, exceeding both earnings and revenue expectations, with diluted EPS of $4.01 and revenue of $19.144 billion [1][2] Financial Performance - EPS (diluted) for Q4 2024 was $4.01, surpassing analysts' estimate of $3.57 and showing a 19.0% increase from $3.37 in Q4 2023 [2] - Revenue reached $19.144 billion, exceeding the estimated $18.297 billion and reflecting a 21.3% growth from $15.773 billion in the previous year [2] - Net income for the quarter was $2.356 billion, an 18.5% increase from $1.988 billion in Q4 2023 [2] - The combined ratio improved to 87.9%, a decrease of 80 basis points from 88.7% in the prior year [2] Business Overview - Progressive is the second-largest auto insurance provider in the U.S., with personal lines insurance, including auto policies, accounting for 79% of total net premiums in 2023 [3] - The company has focused on expanding market share through competitive pricing and technology, emphasizing a bundling strategy for auto and property insurance [4] Growth Highlights - Net premiums written in Q4 reached $18.105 billion, a 19.7% increase from $15.130 billion in the prior-year period [5] - The direct auto line saw a significant 32% year-over-year growth in net premiums written in December [5] - The number of property insurance policies in force increased by 14% from the previous year, with a 10% rise in net premiums earned in December [6] Strategic Focus - Progressive aims to maintain growth in both commercial and personal lines while leveraging its bundling strategy [7] - The company is committed to technological adoption to enhance customer experiences and operational efficiency [8]