
Progressive (PGR) Stock Forecast & Price Target
Progressive (PGR) Analyst Ratings
Bulls say
Progressive, the second-largest personal auto insurer in the United States, maintains a strong market position with approximately 24 million personal auto policies in force. Recent projections indicate an increase in earnings per share (EPS) for 2025 to $18.15, reflecting improved net investment income (NII) and reduced catastrophe losses, despite expectations of slowing premium growth and rising expense ratios. Additionally, the anticipated enhancement of core loss ratios within the property and casualty insurance sector supports a favorable outlook for Progressive amidst a competitive market environment.
Bears say
The negative outlook for Progressive's stock is primarily influenced by a projected slowdown in policyholder growth and an anticipated increase in the core loss ratio, with earnings estimates for 2025 being revised downwards from $18.15 to $17.00. The company's earnings performance has been adversely affected by specific challenges in Florida, alongside general market conditions that suggest a deceleration in premium growth due to competitive rate increases easing. Additionally, factors such as the seasonal nature of loss occurrences, particularly in recreational vehicle segments, and a trend of insureds hesitating to file small claims may contribute to worsening personal auto loss ratios in the near term.
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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