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Progressive (PGR) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended June 2026, Progressive (PGR - Free Report) reported revenue of $23.01 billion, up 6.4% over the same period last year. EPS came in at $4.85, compared to $4.88 in the year-ago quarter.
The reported revenue represents a surprise of -0.37% over the Zacks Consensus Estimate of $23.09 billion. With the consensus EPS estimate being $4.70, the EPS surprise was +3.19%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Progressive performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Personal Lines Business - Property - Loss/LAE ratio: 47.9% versus 57.7% estimated by five analysts on average.
Commercial Lines Business - Combined ratio: 85.3% versus 85.5% estimated by five analysts on average.
Personal Lines Business - Property - Combined ratio: 78% compared to the 87.6% average estimate based on five analysts.
Personal Lines Business - Property - Expense ratio: 30.1% versus 29.9% estimated by five analysts on average.
Net premiums earned- Property: $777 million compared to the $776.65 million average estimate based on six analysts. The reported number represents a change of +0.1% year over year.
Investment income: $979 million compared to the $975.69 million average estimate based on six analysts. The reported number represents a change of +12.4% year over year.
Net premiums earned: $21.57 billion versus the six-analyst average estimate of $21.7 billion. The reported number represents a year-over-year change of +6.2%.
Fees and other revenues: $305 million compared to the $287.38 million average estimate based on six analysts. The reported number represents a change of +0.7% year over year.
Net premiums earned- Personal Lines- Agency: $7.63 billion versus the six-analyst average estimate of $7.68 billion. The reported number represents a year-over-year change of +4.5%.
Service revenues: $148 million versus the six-analyst average estimate of $144.45 million. The reported number represents a year-over-year change of +11.3%.
Net premiums earned- Commercial Lines: $2.69 billion versus the six-analyst average estimate of $2.75 billion. The reported number represents a year-over-year change of -2.7%.
Net premiums earned- Personal lines: $18.88 billion compared to the $18.94 billion average estimate based on six analysts. The reported number represents a change of +7.6% year over year.
Shares of Progressive have returned -9.2% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Progressive (PGR) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended June 2026, Progressive (PGR - Free Report) reported revenue of $23.01 billion, up 6.4% over the same period last year. EPS came in at $4.85, compared to $4.88 in the year-ago quarter.
The reported revenue represents a surprise of -0.37% over the Zacks Consensus Estimate of $23.09 billion. With the consensus EPS estimate being $4.70, the EPS surprise was +3.19%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Progressive performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:View all Key Company Metrics for Progressive here>>>
Shares of Progressive have returned -9.2% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.