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Progressive Corp. (PGR)
NYSE:PGR
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Earnings Data
Report Date
Apr 10, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
3.57Last Year’s EPS
3.73Same Quarter Last Year
Strong Buy
Based on 16 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 16, 2018
|% Change Since: -4.66%
|Next Earnings Date:Jul 17, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted Progressive's record-breaking policy growth and strong financial performance across multiple segments. Despite challenges from natural disasters and social inflation, the company demonstrated resilience and strategic planning, positioning itself for continued success into 2025.Company Guidance
During the Q3 2024 earnings call for Progressive Corporation (PGR), management highlighted impressive growth metrics, including the addition of nearly 1.6 million policies in force during the quarter, leading to a total of approximately 4.2 million policies added year-to-date. The Personal Lines segment experienced strong demand, with new applications in both direct and agency channels reaching record levels. The company spent more on media in Q3 than in any previous quarter, maintaining its competitive pricing advantage, reflected in strong conversion rates. Additionally, Progressive reported a year-to-date combined ratio that was favorable, despite not yet reflecting the costs associated with Hurricane Milton. The property segment achieved a 78.5% combined ratio, benefiting from favorable development on earlier storms and effective risk adjustments. The commercial lines saw a third consecutive quarter of improvement in loss and LAE ratios, underscoring the company's strategic rate actions in 2023. Overall, Progressive's focus on segmentation, competitive media spending, and product model enhancements position it for continued growth into 2025.Record Policy Growth
Progressive added 1.6 million policies in force during Q3, the highest number ever added in a quarter, with a total of nearly 4.2 million policies added in 2024.
Strong Personal Lines Performance
Personal Lines products experienced strong demand, with the direct channel recording the highest number of prospects in any quarter, aided by increased media spending.
Profitable Growth with Strong Combined Ratio
Year-to-date combined ratio through Q3 was very strong, and 2024 is shaping up to be one of the best non-pandemic years in Progressive's history.
Commercial Lines Improvement
Reported the third straight quarter of improvement in loss and LAE ratio for Commercial Lines, attributed partly to rate increases from 2023.
Property Segment Success
The property segment achieved a 78.5% combined ratio in Q3, despite incurring losses from Hurricane Helene.
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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
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PGR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 15, 2024 | $247.12 | $246.85 | -0.11% |
| Jul 16, 2024 | $212.92 | $205.95 | -3.27% |
| Apr 12, 2024 | $198.27 | $199.88 | +0.81% |
| Jan 24, 2024 | $166.88 | $174.76 | +4.72% |
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.
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FAQ
When does Progressive Corp. (PGR) report earnings?
Progressive Corp. (PGR) is schdueled to report earning on Apr 10, 2025, TBA Not Confirmed.
What is Progressive Corp. (PGR) earnings time?
Progressive Corp. (PGR) earnings time is at Apr 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 (Q1) is 3.57.
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