Explore the latest developments concerning Progressive (PGR) Q3.
Progressive (PGR) Q3 Earnings Top Estimates
Progressive (PGR) came out with quarterly earnings of $4.6 per share, beating the Zacks Consensus Estimate of $4.46 per share. This compares to earnings of $4.05 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +3.14%. A quarter ago, it was expected that this insurer would post earnings of $4.7 per share when it actually produced earnings of $4.85, delivering a surprise of +3.19%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Progressive, which belongs to the Zacks Insurance – Property and Casualty industry, posted revenues of $23.36 billion for the quarter ended September 2026, missing the Zacks Consensus Estimate by 0.22%. This compares to year-ago revenues of $22.22 billion. The company has topped consensus revenue estimates two times over the last four quarters.
Progressive reports 90% CR for September
Progressive released its financial results for September, ending the month with a combined ratio of 90% and net income of $630 million.
Year-to-date, Progressive’s net income stands at $8.6 billion and combined ratio sits at 87.5%.
The insurer had ~40.5 million policies at the end of September, an increase of 6% compared to September 2025. Progressive’s PIF count fell by about 3k policies from August to September. Since the beginning of the year, Progressive added ~1.87 million policies to its overall count.
Progressive’s branding will debut during Clemson’s first home game of the 2026 season against Georgia Southern on September 12.
The filing covers the administration and underwriting of vehicle insurance programs.
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