Progressive Corporation (The)
PGR · NYSE
PGR · NYSE
Reports Oct 21, 2026.
Consensus is $4.01 EPS for Sep 2026 across 10 estimates, ranging $3.35 to $4.93.
Progressive reported $23.61 billion of revenue and $3.31 billion of net income, but no consensus figures were available for comparison. Revenue increased from $22.00 billion in the year-ago quarter, although the supplied material does not state a percentage growth rate. Personal Lines carried the business, with underwriting revenue rising from $17.807 billion to $19.168 billion, but its pretax underwriting profit fell from $2.448 billion to $2.346 billion. The segment margin declined from 14.0% to 12.4%, primarily alongside higher losses, catastrophe losses, and underwriting expenses. Commercial Lines was the brighter segment: underwriting profit increased from $364 million to $397 million and its margin improved from 13.2% to 14.7%, despite underwriting revenue declining from $2.805 billion to $2.709 billion. Overall underwriting profit fell from $2.808 billion to $2.730 billion, while investment profit rose from $1.249 billion to $1.573 billion and supported higher pretax profit.
No forward revenue, earnings, margin, premium, subscriber, unit, or capex guidance was provided in the supplied material. The filing presents historical operating results for the quarter and six months ended June 30, 2026, along with year-ago comparisons, but gives no ranges for upcoming periods and no discussion of assumptions or caveats attached to future performance. Accordingly, there is no new guide to compare with a prior guide. The available indicators for the periods ahead are limited to the current mix: Personal Lines remains the largest business, Commercial Lines had a stronger margin, and companywide underwriting margins were below the year-ago quarter.
