For the quarter ended June 2026, Progressive (PGR) 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.
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.Research Chief Names "Single Best Pick 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.
