
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 significant market share with nearly 24 million personal auto policies, generating a balance of premiums through both agent and direct channels. The company's financial outlook appears positive, with raised earnings projections for 2025, 2026, and 2027, now estimated at $18.15, $15.40, and $16.40, respectively, driven by improved core loss ratios and expectations of higher net investment income. Despite anticipated challenges from slowing premium growth and rising expense ratios, Progressive is positioned favorably due to ongoing efforts to enhance profitability amid a competitive market environment.
Bears say
Progressive's stock outlook has been negatively impacted due to a significant downward revision of the 2025 earnings estimate from $18.15 to $17.00, primarily driven by underperformance linked to Florida policyholder credit charges and anticipated slower premium growth alongside an increase in the core loss ratio. The company is expected to experience a slowdown in policies in force growth rate, compounded by a combination of declining earned rate increases and seasonal loss trends, particularly in its recreational vehicle segment. Furthermore, the reluctance of insureds to file small claims due to concerns about policy cancellation could lead to sustained increases in personal auto loss ratios moving forward.
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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