
Progressive (PGR) Stock Forecast & Price Target
Progressive (PGR) Analyst Ratings
Bulls say
Progressive Insurance, the second-largest personal auto insurer in the United States, has nearly 27 million personal auto policies in force, which positions it strongly within a competitive market. The company's focus on prioritizing adequately profitable growth is reflected in its expected core loss ratio increasing year-over-year, demonstrating a strategic shift towards maintaining sustainable profitability amid fluctuating market conditions. Additionally, despite anticipated slowdowns in personal auto policy growth, historical industry trends suggest that underwriters' core loss ratios will improve, indicating a potentially positive trajectory for Progressive’s financial performance in the coming years.
Bears say
The analysis indicates a negative outlook on Progressive's stock primarily due to anticipated slower premium growth and an increase in the core loss ratio, leading to a reduced earnings estimate for 2025. The company is expected to experience a decline in policyholder growth rates as competitors' rate increases taper off, further exacerbated by seasonal loss trends and changes in claims filing behavior among insureds. Additionally, the company's declining earned rate increases and potential normalization of personal auto loss trends suggest a challenging operating environment, contributing to overall performance concerns.
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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