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.
Market Dominance | Explore Progressive's stronghold in direct-to-consumer insurance, leveraging innovative pricing and data analytics for consistent financial success |
Growth Challenges | Delve into Progressive's strategies to maintain momentum amid slowing policy growth and intensifying competition from rejuvenated traditional insurers |
Technological Edge | Learn how Progressive's telematics leadership and data-driven approach shape its competitive advantage in risk assessment and personalized pricing |
Financial Outlook | Analyst targets range from $183 to $333 per share, with consensus EPS forecast of $15.99 for FY2025, reflecting varied views on growth potential |
Metrics to compare | PGR | Sector Sector - Average of metrics from a broad group of related Financial sector companies | Relationship RelationshipPGRPeersSector | |
---|---|---|---|---|
P/E Ratio | 13.8x | 16.7x | 9.7x | |
PEG Ratio | 0.27 | −1.38 | 0.03 | |
Price/Book | 4.4x | 1.6x | 1.0x | |
Price / LTM Sales | 1.8x | 1.2x | 2.9x | |
Upside (Analyst Target) | 14.4% | 8.6% | 9.4% | |
Fair Value Upside | Unlock | 7.7% | 1.7% | Unlock |