| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 73 | 11.5x | 17.3x | Top tier | |
Growth | 72 | 7.7% | 7.1% | Top tier | |
Quality | 98 | — | — | Top tier | |
Safety | 34 | — | — | Bottom tier | |
Capital Return | 92 | 6.06% | 0.06% | Top tier | |
Momentum | 73 | -9.2% | -1.6% | Top tier | |
Sentiment | 67 | 16 | 3 | Top tier |
10-year US Treasury yield 4.96% as of 2026-10-22. Estimates computed from company data and analyst targets, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
The Progressive Corporation provides auto and home insurance in the United States, with operations spanning personal and commercial insurance. Its business involves collecting insurance premiums, pricing risks, and managing claims, with products distributed directly and through independent agents. It also earns commissions from selling other companies' policies through platforms such as HomeQuote Explorer and AutoQuote Explorer, allowing it to meet customers' needs even when it does not issue the policy itself.
In quarter 3 of fiscal year 2026, ended 2026-09-30, revenue totaled 23.2 billion dollars, net income was 2.5 billion dollars, and diluted earnings per share were 4.37 dollars, with an operating margin of 14.0%. The diluted share count was 582.2 million shares, down 1.0% from the same quarter of the previous fiscal year. These results combine substantial profitability with a shrinking share base, but reliable comparisons for annual revenue growth and annual margin changes are unavailable.
Progressive's strategy centers on using its strength in auto insurance to expand household relationships into home insurance and other products. In management's presentation dated 2026-08-04, the company said it had become the largest U.S. personal auto insurer by direct premiums written over the twelve-month period covered by the presentation, and that its total policies in force exceeded 40 million. It particularly targets the Robinsons segment, which bundles auto and home insurance and represents approximately 35% of the auto insurance market, while Progressive's share of that segment remained in the single digits, according to the same presentation.
Q3 FY2026
When: 2027-01-27
Net income relative to the 2.5 billion dollars recorded in quarter 3 of fiscal year 2026, ended 2026-09-30
Operating margin relative to the 14.0% recorded in quarter 3 of fiscal year 2026, ended 2026-09-30
The median analyst target is 228 dollars, within a range of 196 dollars to 245 dollars across 7 analysts, a method that reflects expectations for future growth and performance and is inherently inclined toward optimism. The industry-multiple value is 212 dollars, within a range of 149 dollars to 276 dollars, based on earnings for the last 12 months ended 2026-09-30 and a median multiple of 10.7 across 46 companies; it measures Progressive's value when assigned its peers' multiple. The two methods indicate relatively close central values, but analyst targets are higher than the industry-multiple value because the former incorporates growth expectations, while the latter ties value to the period's earnings and peer-company multiples. The average consensus target is 222.92 dollars with a Neutral recommendation, while EL7's valuation pillar, which measures relative valuation attractiveness, ranks the company 55 out of 84 within the industry for the period ended 2026-09-30.
Figures in the text are as of 2026-10-19; the live price is shown at the top of the page.
HomeQuote Explorer allows customers to compare home insurance and bundled policies from affiliated and unaffiliated companies, and Progressive receives commissions from sales relationships with unaffiliated companies. In the 2026-08-04 presentation, the platform included 19 insurers and 26 product options, supported by around 2,000 in-house agents. This allows the company to serve household needs even when the policy is not issued on its own insurance books.
Robinsons comprises households that bundle auto and home insurance and represents approximately 35% of the auto insurance market, according to management's presentation dated 2026-08-04. Progressive's share remained in the single digits, despite its leadership in the personal auto insurance market under the metric presented by management. Cross-selling efforts have added around 0.5 million households to Robinsons since 2023, but policy growth in the agent channel remained flat, according to the same presentation.
Automated analysis for informational purposes only — not investment advice.
Progressive recorded revenue of 23.2 billion dollars and net income of 2.5 billion dollars in quarter 3 of fiscal year 2026, ended 2026-09-30. Diluted earnings per share were 4.37 dollars and the operating margin was 14.0% during the same quarter. The diluted share count was also 582.2 million shares, down 1.0% from the same quarter of the previous fiscal year, reducing the share base across which earnings are allocated but not guaranteeing earnings-per-share growth.
On 2026-08-04, management described the property business turnaround as largely complete, but emphasized that the business is more volatile and more capital intensive. Remedial measures included not renewing some Florida policies, focusing on coastal risks and homes built under older building codes. The business expanded to 48 states, according to the same presentation, but a broader footprint does not eliminate weather risks or the need to control exposures and reinsurance.
Progressive ranked 8 out of 82 within the industry on EL7's quality pillar, with a score of 91 out of 100 for the period ended 2026-09-30; this pillar measures the strength of financial performance. In contrast, it ranked 55 out of 84 on the valuation pillar, with a score of 35 out of 100 for the same period, illustrating the difference between business strength and relative valuation attractiveness. The average analyst target was 222.92 dollars with a Neutral consensus, and three target cuts were recorded over the 90 days through 2026-10-19, so strong quality does not necessarily align with the direction of expectation revisions.