The Progressive Corporation (PGR) Stock

The Progressive Corporation (PGR) is a Financials stock trading at $229.43 (as of 2026-07-09), with a market capitalization of $134.06B and a trailing P/E of 11.6. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Progressive Corporation is an insurance holding company that provides personal and commercial auto and property-casualty insurance, along with related services, in the United States. It operates through Personal Lines, Commercial Lines, and Property segments that cover coverage for personal autos/RVs and a range of business vehicle and property risks.

Understand The Progressive Corporation: how it makes money

Progressive provides personal and commercial auto, personal residential and commercial property, general liability, and other specialty property-casualty insurance products in the United States, earning money by selling these insurance policies and related services across its Personal Lines, Commercial Lines, and Property segments.

It monetizes selling property-casualty insurance across three lines (Personal Lines, Commercial Lines, and Property), with its results tied to how well those insurance activities perform.

Business quality (Solid): Good: clear business model and segment names. Limitation: no segment-level revenue data and no operating KPI labels were provided, which makes it harder to attribute performance drivers.

Valuation: At 11× earnings, PGR trades 10% below the Insurance average (13×). Note: one-time items can distort reported P/E.

Bull case

  • Multi-line insurance offering: Progressive sells personal and commercial auto, property, general liability, and other specialty property-casualty products, spread across Personal Lines, Commercial Lines, and Property.
  • Coverage includes both autos and property categories: Its Personal Lines includes personal auto and RV-related products, and its Property segment focuses on property insurance, which provides product breadth.

Bear case

  • Results depend on insurance underwriting performance across product lines: Because the business is focused on property-casualty insurance policies, outcomes can be sensitive to how those policies perform across the segments it writes.
  • US-focused insurance exposure: The company provides these insurance products in the United States, which can concentrate risks and opportunities in that market.
Valuation — source: SEC EDGAR (first-party)
Price$229.43
Market Cap$134.06B
P/E Ratio11.6
EV / EBITDA9.0
Price / Book4.18
Price / Sales1.50
FCF Yield12.2%
DCF Value (model)$503.98
DCF Upside vs Price119.7%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$87.67B
Net Margin12.9%
Revenue Growth (YoY)8.7%
EPS Growth (YoY)9.8%
FCF Growth (YoY)-15.3%
Valuation vs Sector & Industry
Stock P/E11.6
Sector P/E (Financials)14.9
Industry P/E (Insurance)13.3
vs Sector-22.3%
vs Industry-12.5%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($12.58B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorFinancials
IndustryInsurance
CEOSusan Patricia Griffith
Employees66,308
CountryUS
IPO Date1980-03-17

Related Companies (Business model: Property & Casualty Insurer; 8 closest by market cap)

  • Chubb Limited (CB)
  • The Travelers Companies, Inc. (TRV)
  • The Allstate Corporation (ALL)
  • American International Group, Inc. (AIG)
  • The Hartford Financial Services Group, Inc. (HIG)
  • Arch Capital Group Ltd. (ACGL)
  • W. R. Berkley Corporation (WRB)
  • Markel Corporation (MKL)
PGR earnings history · PGR institutional & insider holders · PGR KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-09.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.