PGR · NYQ S&P 500

The Progressive Corporation

Financial services · Insurance - Property & Casualty

$231.75 +$4.23 (+1.86%) today

Closing price on Nov 10, 2026 · Source: Yahoo Finance

Consensus of 25 analysts

Hold

Median price target $233.00 +0.5%

Open: $228.24
Day range: 226.77 – $231.94
52-week range: 189.20 – $241.02
Volume: 2,623,846
Market cap: $134,267M
P/E (TTM): 11.7x
EPS (TTM): $19.85
EPS est. 2026: $18.44
P/E est. 2026: 12.6x
Dividend yield: 0.2%
Beta: 0.20
Payout: 70%

Progressive financials

Q3 2026 results, quarter ended Sep 30, 2026

Metric	Q3 2026	1-year change
Total revenue	$23,182M	+3.0%
Net income	$2,542M	−2.8%
Earnings per share	$4.37	−1.8%
Net margin	11.0%	−0.7 pp
Free cash flow	$4,402M	−14.2%
Debt / equity	0.24	+25.0%

Revenue and net income ($M)

Total revenueNet income

Quarter	Total revenue	Net income
Q3 2025	$22,502M	$2,615M
Q4 2025	$22,738M	$2,951M
Q1 2026	$22,180M	$2,818M
Q2 2026	$23,599M	$3,311M
Q3 2026	$23,182M	$2,542M

Progressive earnings per share (EPS)

Consensus estimates

Period	EPS est.	1-year change
Current quarterQ4 2026 · Analysts: 20	$4.0913.43 – 5.08	−12.4%$4.668
Next quarterQ1 2027 · Analysts: 19	$4.4163.99 – 4.93	−11.0%$4.963
Current year2026 · Analysts: 22	$18.43617.37 – 19.46	+1.1%$18.245
Next year2027 · Analysts: 24	$16.20114.10 – 18.10	−12.1%$18.436

Forward P/E: 12.6x (2026) and 14.3x (2027) at the current price.

Actual and estimated EPS ($)

Actual EPSEstimated EPS

Quarter	Actual EPS	Estimated EPS
Q3 2025	$4.450	—
Q4 2025	$4.668	$4.432
Q1 2026	$4.963	$4.885
Q2 2026	$4.854	$4.838
Q3 2026	$4.596	$4.411
Q4 2026	—	$4.091
Q1 2027	—	$4.416

Year	Actual EPS	Estimated EPS
2022	$1.180	—
2023	$6.580	—
2024	$14.400	—
2025	$19.230	—
2026	—	$18.436
2027	—	$16.201

EPS trend

Quarter	EPS	YoY change
Q1 2027Estimated	$4.416	−11.0%
Q4 2026Estimated	$4.091	−12.4%
Q3 2026	$4.596est. $4.411 · surprise +4.2%	+3.3%
Q2 2026	$4.854est. $4.838 · surprise +0.3%	n/a
Q1 2026	$4.963est. $4.885 · surprise +1.6%	n/a
Q4 2025	$4.668est. $4.432 · surprise +5.3%	n/a
Q3 2025	$4.450	n/a

Year	EPS	Annual change
2027Estimated	$16.201	−12.1%
2026Estimated	$18.436	−4.1%
2025	$19.230	+33.5%
2024	$14.400	+118.8%
2023	$6.580	+457.6%
2022	$1.180	n/a

Normalised EPS according to the analyst consensus collected by Yahoo Finance; it may differ from the reported EPS in the results table.

Progressive dividend

Yield and payments

Dividend yield (TTM)	0.2%
Forward yield (next 12m)	0.2%
Dividend per share (TTM)	$0.40
Forward dividend (next 12m)	$0.40
Payout (TTM)	70%
Last dividend	$0.10Oct 1, 2026
Next ex-dividend date	n/a

Dividend per share by year ($)

PaidEstimated

Year	Dividend per share
2019	$2.81
2020	$2.65
2021	$6.40
2022	$0.40
2023	$0.40
2024	$1.15
2025	$4.90
est. 12m	$0.40

Progressive forecasts

25 analyst ratings

Buy32% Hold60% Sell8%

Consensus: Hold · 8 buy, 15 hold, 2 sell

1-year price forecast

Share price Price target (high, median, low)

12-month price targets
Target	Price	Upside
High	$262.00	+13.1%
Median	$233.00	+0.5%
Low	$196.00	−15.4%

Monthly close (last 12 months)
Date	Close
Nov 28, 2025	$228.79
Dec 31, 2025	$227.72
Jan 30, 2026	$208.00
Feb 27, 2026	$213.66
Mar 31, 2026	$198.24
Apr 30, 2026	$201.28
May 29, 2026	$190.40
Jun 30, 2026	$218.45
Jul 31, 2026	$211.42
Aug 31, 2026	$218.08
Sep 30, 2026	$207.31
Oct 30, 2026	$231.28
Nov 10, 2026	$231.75

Progressive peers

Ticker	Company	Market cap ($M)	P/E	Price ($)	1-day change	52-week range
PGR	Progressive	134,267	11.7x	231.75	+1.86%	189.20241.02
CB	Chubb	141,029	12.9x	369.11	+1.56%	288.39384.26
TRV	Travelers Companies	82,120	10.5x	400.78	+1.41%	268.00418.00
ALL	Allstate	64,614	5.9x	261.12	+2.89%	191.13281.11
CINF	Cincinnati Financial	29,150	11.1x	189.89	+1.99%	153.40195.72
WRB	W. R. Berkley	28,544	16.2x	76.83	+1.20%	62.8779.26