For the quarter ended March 2026, Progressive (PGR) reported revenue of $22.31 billion, up 8.2% over the same period last year. EPS came in at $4.96, compared to $4.65 in the year-ago quarter.
The reported revenue represents a surprise of +1.27% over the Zacks Consensus Estimate of $22.03 billion. With the consensus EPS estimate being $4.84, the EPS surprise was +2.48%.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Progressive performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:- Companywide Total - Expense ratio: 20.5% versus the six-analyst average estimate of 20.6%.
- Companywide Total - Combined ratio: 86.4% versus 86.7% estimated by six analysts on average.
- Companywide Total - Loss/LAE ratio: 65.9% compared to the 66.1% average estimate based on six analysts.
- Personal Lines Business - Property - Combined ratio: 78.3% versus the five-analyst average estimate of 81.7%.
- Net premiums earned: $20.97 billion versus the seven-analyst average estimate of $20.66 billion. The reported number represents a year-over-year change of +8%.
- Investment income: $917 million versus $930.25 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +12.7% change.
- Service revenues: $126 million compared to the $123.22 million average estimate based on seven analysts. The reported number represents a change of +13.5% year over year.
- Net premiums earned- Commercial Lines: $2.58 billion compared to the $2.55 billion average estimate based on six analysts. The reported number represents a change of -4.3% year over year.
- Net premiums earned- Personal lines: $18.38 billion versus the six-analyst average estimate of $18.06 billion. The reported number represents a year-over-year change of +10%.
- Net premiums earned- Personal Lines- Agency: $7.48 billion versus $7.38 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +6.5% change.
- Fees and other revenues: $297 million compared to the $309.98 million average estimate based on six analysts. The reported number represents a change of +3.5% year over year.
- Net premiums earned- Property: $770 million versus the six-analyst average estimate of $752.43 million. The reported number represents a year-over-year change of -0.8%.
View all Key Company Metrics for Progressive here>>>
Shares of Progressive have returned -3.5% over the past month versus the Zacks S&P 500 composite's +5.2% 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.5 Stocks Set to Double
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This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
