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.
Analyst Outlook | Discover varied analyst perspectives, with price targets ranging from $250 to $320, reflecting confidence in Progressive's market position and growth potential |
Telematics Leadership | Learn how Progressive's advanced telematics capabilities drive precise risk assessment, potentially attracting low-risk drivers and enhancing profitability |
Financial Resilience | Delve into Progressive's robust financial performance, with projected premium growth to $97,390 million by 2027 and improving combined ratios |
Market Dominance | Explore Progressive's stronghold in personal auto insurance, leveraging direct distribution and innovative technologies to maintain its competitive edge |
Metrics to compare | PGR | Sector Sector - Average of metrics from a broad group of related Financials sector companies | Relationship RelationshipPGRPeersSector | |
|---|---|---|---|---|
P/E Ratio | 10.8x | 10.2x | 10.0x | |
PEG Ratio | 0.32 | −1.19 | 0.03 | |
Price / Book | 4.0x | 2.1x | 1.0x | |
Price / LTM Sales | 1.4x | 1.3x | 2.9x | |
Upside (Analyst Target) | 13.2% | 0.0% | 12.4% | |
Fair Value Upside | Unlock | −21.4% | 1.6% | Unlock |