
Progressive (PGR) Stock Forecast & Price Target
Progressive (PGR) Analyst Ratings
Bulls say
Progressive, as the second-largest personal auto insurer in the U.S., holds a significant position in the market with nearly 24 million personal auto policies in force, generating robust revenues through both independent agencies and direct channels. Forecasts indicate an upward revision in earnings per share (EPS) for 2025, 2026, and 2027, reflecting anticipated improvements in net investment income and reduced catastrophe losses, despite slower premium growth rates and rising expense ratios. With the expectation of enhanced core loss ratios across the property and casualty insurance sector, Progressive demonstrates solid potential for profitability improvements in the coming years.
Bears say
The financial outlook for Progressive's stock is concerning due to an anticipated slowdown in the growth rate of personal auto policies in force, primarily driven by a deceleration in competitors' rate increases. Additionally, declining earned rate increases, seasonal loss patterns associated with recreational vehicles, and the potential normalizing of personal auto physical damage loss trends suggest a sustained rise in personal auto loss ratios. These factors collectively indicate weakening financial performance that could impact future earnings per share estimates and, consequently, the overall valuation of the company.
This aggregate rating is based on analysts' research of Progressive and is not a guaranteed prediction by Public.com or investment advice.
Progressive (PGR) Analyst Forecast & Price Prediction
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