PGR Progressive Corporation

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Financials

· How we analyze

About the company

Progressive is a major US insurer focused on auto insurance for individuals. It also insures commercial vehicles, homes and motorcycles. It sells directly online and through independent agents, almost exclusively in the US. As of Oct 11, 2026

Fact sheet (from the annual report) Property and casualty insurance · Mayfield Village, USA

Progressive is an insurance holding company whose subsidiaries offer auto insurance for individuals and businesses as well as homeowners and renters policies. In addition, there are policies for motorcycles, boats and recreational vehicles as well as liability and property coverage mainly for small businesses. The personal lines segment delivered most of the net premiums written in 2025, and there is also a commercial lines segment. Progressive operates throughout the United States; sales run through independent agencies and directly online and by phone. Smaller service businesses also place policies of other insurers for a commission.

Automatically summarized from SEC annual report (10-K, filed Mar 2, 2026) (website of the US Securities and Exchange Commission) · reviewed Oct 15, 2026

Price performance at a glance

Last 30 trading days
  • Today −1.6%
  • 7 days +1.7%
  • 30 days +9.8%
  • 1 year +4.2%
Day range (last trading day)
−0.8%Price at 36% of the range+1.4%
52-week range
−16.1%Price at 73% of the range+6.1%
Distance from the all-time high
−23.0%

Our own calculation from the exchange’s daily candles, as of Oct 27, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.

Where is the price relative to the buy zone?

No buy zone

There is currently no buy zone for this symbol under our Elliott rule. One only forms when the price pulls back after a strong rise.

An observation, not investment advice

Rule (4-hour candles) No active buy zone – the last one ended on Oct 22, 2026 · Buy zone no longer valid

Watcher Full history: every change of the buy zone with its date.

Automated analysis (rule-based)

How we analyze

Timeframe 4 hours · As of Oct 27, 2026

Elliott wave analysis Progressive (4-hour candles): Flat (type known only after C), Corrective pattern (upward), C in progress (2 of 3 guidelines) (provisional count); no buy zone of the rule on this timeframe. Candlestick chart PGR with 60 4-hour candles from Sep 16, 2026, 15:30 to Oct 27, 2026, 18:30. No buy zone of the rule on this timeframe – only the Elliott count: Flat (type known only after C), Corrective pattern (upward), C in progress (2 of 3 guidelines) (B = 100% of A; C = 128% of A), invalid on a close below the end of B. provisional count: The inner sub-waves cannot be seen on this timeframe – the hard Elliott rules are met, the internal structure remains open. Provisional – check the count yourself on the chart. No visible sub-waves in: B. Fibonacci target zones for this count from Watcher. No value axis. Automated analysis (rule-based), not investment advice. PGR · 4-hour candles · Automated analysis (rule-based) No buy zone of the rule – Elliott count only Provisional count: sub-waves not visible here – check it yourself on the chart Fibonacci target zones for this count from Watcher invalid on a close below the end of B 0 A B C in progress (i) (ii) (iii) Sep 18 Sep 24 Sep 30 Oct 6 Oct 12 Oct 16 Oct 22 last candle Oct 27, 2026, 18:30 · not investment advice Without a buy zone of the rule: no value axis
  • 4-hour candles (green = close above open, red = below)
  • Elliott count (thin gold line, waves in circles; dashed circle = still in progress; small = subwaves; red dashed = invalidation level)
  • Dashed throughout with a label: fallback count (provisional count) – provisional, check it yourself on the chart
  • Watcher Fibonacci target zones for this count from Watcher

Elliott count: Flat (type known only after C), Corrective pattern (upward), C in progress (2 of 3 guidelines) · B = 100% of A; C = 128% of A

provisional count The inner sub-waves cannot be seen on this timeframe – the hard Elliott rules are met, the internal structure remains open. Provisional – check the count yourself on the chart.

Note: Flat type (regular, expanded, running) can only be decided once C is complete.

Note: Structure ambiguous: leg A can also be read as three- or five-part.

Note: Structure open: leg B cannot be broken down into sub-waves on this timeframe – provisional, check the count yourself on the chart.

Note: Retracement at least 88.7% of A: flat possible (B in progress, type only with C).

Elliott count calculated automatically by fixed Elliott rules, not investment advice – display only, our buy zones do not use it. Provisional: The count can change with new candles.

Scenarios

Timeframe 4 hours · As of Oct 27, 2026 · from the Elliott count in the analysis chart

Weighting Main scenario (2 of 3 guidelines, medium) · no alternative

Weighting by guidelines met – not a probability.

provisional count The inner sub-waves cannot be seen on this timeframe – the hard Elliott rules are met, the internal structure remains open. Provisional – check the count yourself on the chart. No visible sub-waves in: B.

Main scenario

medium · 2 of 3 guidelines

As long as the 4-hour close stays above the end of B, this applies: flat countermove upward in three waves (Flat, type known only after C), C in progress – count points to rising prices.

Invalid if the 4-hour close is below the end of B

Alternative

If that breaks, this count no longer applies. Currently no alternative that follows the rules.

Watcher Fibonacci target zones and levels for this count – as a help for your own review – from Watcher.

Save zone

With a free account: save the buy zone shown for yourself (stop and targets from Watcher). It stays visible even if the zone changes later. Log in · Sign up

Fundamental analysis

Progressive Corporation · Sector Financials · amounts in USD

Information only – does not affect our buy zones, not investment advice. Source: SEC filings, As of Mar 2, 2026.

In short

  • Light green: Revenue grew over 5 years (+15.5% per year), at least as fast as the sector median.
  • Light green: Net income (total) grew over 5 years (+14.7% per year), at least as fast as the sector median; per share +14.8% per year.
  • Light yellow: Net margin 12.9%, below the sector median (19.4%).
  • Light green: Profit in each of the last 10 fiscal years.
  • Light yellow: High payout ratio (72% of earnings).

Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.

RevenueNet income Net margin (below) in USD
  1. Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Revenue 23.4B USD · Net income 1.0B USD · Net margin 4.4%
  2. Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Revenue 26.8B USD · Net income 1.6B USD · Net margin 5.9%
  3. Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Revenue 32.0B USD · Net income 2.6B USD · Net margin 8.2%
  4. Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Revenue 39.0B USD · Net income 4.0B USD · Net margin 10.2%
  5. Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Revenue 42.7B USD · Net income 5.7B USD · Net margin 13.4%
  6. Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Revenue 47.7B USD · Net income 3.4B USD · Net margin 7.0%
  7. Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Revenue 49.6B USD · Net income 721.5M USD · Net margin 1.5%
  8. Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Revenue 62.1B USD · Net income 3.9B USD · Net margin 6.3%
  9. Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Revenue 75.4B USD · Net income 8.5B USD · Net margin 11.3%
  10. Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 87.7B USD · Net income 11.3B USD · Net margin 12.9%

Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 87.7B USD · Net income 11.3B USD · Net margin 12.9%

Key figures with traffic lights

Each light follows a simple, disclosed rule. The comparison is with the sector median of all 79 symbols in the Financials sector on our list (current members of the S&P 500 and other lists).

Revenue growth

Light green: above sector

+15.5% per year, last 5 years

Sector Financials: median +8.8% (73 symbols)

What does this mean? Revenue: over 5 years it grew by 15.5% per year on average – at least as fast as the median company in the sector (+8.8%).

Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.

Net income (total)

Light green: above sector

+14.7% per year, last 5 years

Sector Financials: median +13.8% (71 symbols)

per share: +14.8% per year (5 years, split-adjusted)

What does this mean? Total net income: over 5 years it grew by 14.7% per year on average – at least as fast as the median company in the sector (+13.8%).

Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.

Net margin

Light yellow: below sector

12.9% last fiscal year

Sector Financials: median 19.4% (75 symbols)

What does this mean? Of every 100 USD in revenue, 12.90 USD remained as profit – less than the median company in the sector (19.4%). Five years ago the margin was 13.4%.

Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.

Debt / equity

Light gray: not available

– latest balance sheet

Sector Financials: median 0.63 (47 symbols)

What does this mean? No usable figure: reported financial debt or positive equity for the same balance sheet date is missing.

Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.

Payout ratio

Light yellow: high

72% Dividend / earnings per share

Sector Financials: median 34% (58 symbols)

What does this mean? Of every 1 USD of earnings per share, 0.72 USD went to shareholders as a dividend. Little buffer remains for weaker years. Median company in the sector: 34%.

Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.

Profitable years

Light green: profit every year

10 of 10 fiscal years with a profit

What does this mean? In 10 of the last 10 fiscal years the bottom line showed a profit. There were no losses in this period.

Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).

Last fiscal year and 13F

Information, not a trading signal · Source: SEC EDGAR
Revenue (FY)
87.7B USD
Revenue vs. prior year
+16.3%
Net income (FY)
11.3B USD
Net income vs. prior year
+33.3%
EPS (FY)
19.23 USD
13F funds with a position
0 of 9
Funds vs. prior quarter
−1
Shares held vs. prior quarter
−100.0%
Fiscal year to Dec 31, 2025 · 10-K filed Mar 2, 2026 · Price-based figures (P/E, P/S, dividend yield, market cap) only when logged in. · Values as first reported; debt = reported financial debt (US GAAP: long-term). 13F: reporting date Jun 30, 2026, 9 tracked funds have filed (latest Aug 14, 2026), filed with up to 45 days of delay. Stock positions only; comparison with Mar 31, 2026 only across funds that filed for both quarters.
All figures as a table
Fiscal years (amounts in USD, per share in USD)
YearEndRevenueNet income MarginEarnings per shareDividend per sharePayout
2025Dec 31, 2025 87.7B11.3B 12.9% 19.23 13.90 72%
2024Dec 31, 2024 75.4B8.5B 11.3% 14.40 4.90 34%
2023Dec 31, 2023 62.1B3.9B 6.3% 6.58 1.15 17%
2022Dec 31, 2022 49.6B721.5M 1.5% 1.18 0.40 34%
2021Dec 31, 2021 47.7B3.4B 7.0% 5.66 1.90 34%
2020Dec 31, 2020 42.7B5.7B 13.4% 9.66 4.90 51%
2019Dec 31, 2019 39.0B4.0B 10.2% 6.72 2.65 39%
2018Dec 31, 2018 32.0B2.6B 8.2% 4.42 2.51 57%
2017Dec 31, 2017 26.8B1.6B 5.9% 2.72 1.12 41%
2016Dec 31, 2016 23.4B1.0B 4.4% 1.76 0.68 39%
Quarters (amounts in USD, per share in USD)
QuarterEndRevenueNet income MarginEarnings per shareDividend per sharePayout
Q2/26Jun 30, 2026 23.6B3.3B 14.0% 5.67 0.10 2%
Q1/26Mar 31, 2026 22.2B2.8B 12.7% 4.80 0.10 2%
Q4/25*Dec 31, 2025 22.7B3.0B 13.0% – 13.60 –
Q3/25Sep 30, 2025 22.5B2.6B 11.6% 4.45 0.10 2%
Q2/25Jun 30, 2025 22.0B3.2B 14.4% 5.40 0.10 2%
Q1/25Mar 31, 2025 20.4B2.6B 12.6% 4.37 0.10 2%
Q4/24*Dec 31, 2024 20.3B2.4B 11.6% – 4.60 –
Q3/24Sep 30, 2024 19.7B2.3B 11.8% 3.97 0.10 3%
Q2/24Jun 30, 2024 18.1B1.5B 8.0% 2.48 0.10 4%
Q1/24Mar 31, 2024 17.2B2.3B 13.5% 3.94 0.10 3%
Q4/23*Dec 31, 2023 16.9B2.0B 11.8% – 0.85 –
Q3/23Sep 30, 2023 15.6B1.1B 7.2% 1.89 0.10 5%

* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.

How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.

Insiders

All insider transactions
Insider purchases and sales on the market over 3, 6 and 12 months
PeriodPurchasesSalesNet
3 months $00 people $11.3M4 people −$11.3M
6 months $00 people $26.6M8 people −$26.6M
12 months $00 people $31.3M12 people −$31.3M

Latest transactions

  • Oct 22, 2026 Broz Steven Officer Open-market sale · 10b5-1 plan 1,225 shares · $273.6K · SEC
  • Sep 24, 2026 Broz Steven Officer Open-market sale · 10b5-1 plan 1,225 shares · $250.3K · SEC
  • Sep 1, 2026 Griffith Susan Patricia Chief executive (CEO), Director Open-market sale · 10b5-1 plan 37,338 shares · $8.2M · SEC
  • Aug 20, 2026 Broz Steven Officer Open-market sale · 10b5-1 plan 1,225 shares · $268.8K · SEC
  • Aug 13, 2026 Niederst Lori A Officer Open-market sale · 10b5-1 plan 7,339 shares · $1.5M · SEC
  • Jul 28, 2026 Quigg Andrew J Chief financial officer (CFO) Open-market sale · 10b5-1 plan 3,499 shares · $769.8K · SEC

Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.

Trend score +65

Price vs. EMA 50+15
Price vs. EMA 200+15
EMA 50 vs. EMA 200+20
ADX (trend strength)+0
Highs and lows+0
Relative strength+15

Volatility and trend strength

ADX 14 (trend strength)14.4
Rel. strength 60 d+6.1%

ATR and moving averages as price values only when logged in.

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All symbols in this sector

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Set alert: PGR

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