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Progressive Corp. (PGR)
NYSE:PGR
Earnings Data
Report Date
Jul 10, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
3.96Last Year’s EPS
2.65Same Quarter Last Year
Moderate Buy
Based on 17 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Apr 16, 2025
|% Change Since: -2.99%
|Next Earnings Date:Jul 10, 2025
Earnings Call Sentiment|Neutral
Progressive reported strong growth in personal auto applications and investment income, coupled with sub-90 combined ratios in key segments. However, challenges such as tariffs, competitive pressures, and property market volatility present noteworthy hurdles. While growth remains robust, there is uncertainty regarding the impact of tariffs and increased competition.Company Guidance
During Progressive's first-quarter investor call for 2025, CEO Tricia Griffith highlighted the company's strong performance with near-record margins and record growth, driven by a 20% increase in personal auto applications compared to the first quarter of 2023. She emphasized Progressive's efficient customer acquisition process and competitive pricing, supported by a robust advertising strategy that significantly enhanced their market presence. Griffith also noted substantial growth in commercial auto applications, up 8% year-over-year, and progress in the property segment, particularly in less volatile states. The company achieved a year-to-date combined ratio below 90 for its personal auto, property, and commercial lines despite industry challenges. Progressive's investment portfolio generated a 32% increase in investment income, averaging over $270 million monthly. Concerning potential impacts from tariffs, Progressive has been modeling various scenarios to prepare for possible increases in loss costs. Griffith expressed confidence in Progressive's ability to manage challenges, highlighting their historical success during macroeconomic disruptions.Record Growth in Personal Auto Applications
The first quarter of 2025 saw personal auto new applications surpass the previous record by over 20%. This growth was driven by more quotes and higher conversion rates, indicating strong price competitiveness.
Strong Investment Income Growth
Progressive's investment portfolio generated investment income that was 32% greater than the first quarter of the previous year, averaging over $270 million a month year-to-date.
Sub-90 Combined Ratios in Key Segments
Personal auto, property, and commercial lines all reported year-to-date combined ratios below 90, a significant achievement amid industry challenges.
Significant Growth in Commercial Lines
Core commercial auto new applications increased by 8% year-over-year, with significant growth in business auto and contractor BMT applications, despite challenges in the trucking space.
PGR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
PGR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 16, 2025 | $276.11 | $275.13 | -0.35% |
Jan 29, 2025 | $244.96 | $246.31 | +0.55% |
Oct 15, 2024 | $247.04 | $246.76 | -0.11% |
Jul 16, 2024 | $212.84 | $205.88 | -3.27% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Progressive Corp. (PGR) report earnings?
Progressive Corp. (PGR) is schdueled to report earning on Jul 10, 2025, TBA Not Confirmed.
What is Progressive Corp. (PGR) earnings time?
Progressive Corp. (PGR) earnings time is at Jul 10, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PGR EPS forecast?
PGR EPS forecast for the fiscal quarter 2025 (Q2) is 3.96.